Mesoblast (MEOBF) Tax Rate (2016 - 2023)
Mesoblast's (MEOBF) quarterly Tax Rate came in at 1.75% in Q2 2023, up 201.0% year-over-year from 0.58% in Q2 2022, and up 808.84% quarter-over-quarter from 0.25% in Q1 2023.
Powered by 
Analysis
Mesoblast (MEOBF) Tax Rate (2016 - 2023) Analysis & Trends
Mesoblast has disclosed Tax Rate across 8 years of filings, most recently posting 1.75% for Q2 2023.
- In Q2 2023, Tax Rate rose 201.0% year-over-year to 1.75%; the TTM figure through Jun 2023 stood at 0.26% (up 52.0% YoY), while the FY2026 annual figure was 1.08%, up 75.0% from the prior year.
- Tax Rate came in at 1.75% for Q2 2023 at Mesoblast, up from 0.25% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 1.75% in Q2 2023 to a low of 26.05% in Q3 2019.
- Average Tax Rate over 5 years is 4.45%, with a median of 0.32% recorded in 2022.
- Year-over-year, Tax Rate tumbled 2253 bps in 2019 and jumped 2316 bps in 2020.
- Over 5 years, Tax Rate stood at 12.26% in 2019, then jumped by 102 bps to 0.29% in 2020, then sank by 206 bps to 0.31% in 2021, then increased by 6 bps to 0.29% in 2022, then soared by 705 bps to 1.75% in 2023.
- Per Business Quant data, the three most recent Tax Rate figures were 1.75% in Q2 2023, 0.25% in Q1 2023, and 0.29% in Q4 2022.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Krystal Biotech | 10.13 Bn | 9.29 Bn | 112.79 Mn | 17.12% |
| 2 | CRISPR Therapeutics AG | 5.23 Bn | 5.23 Bn | - | -1.11% |
| 3 | Iovance Biotherapeutics | 3.82 Bn | 3.52 Bn | 55.72 Mn | 2.88% |
| 4 | Legend Biotech | 3.68 Bn | 2.72 Bn | 251.50 Mn | -40.18% |
| 5 | uniQure | 3.08 Bn | 3.08 Bn | 5.49 Mn | -2.32% |
| 6 | Beam Therapeutics | 2.67 Bn | 2.67 Bn | - | - |
| 7 | Precigen | 2.43 Bn | 2.43 Bn | 52.17 Mn | - |
| 8 | Sarepta Therapeutics | 2.33 Bn | 1.54 Bn | 251.87 Mn | -179.59% |
| 9 | Vericel | 2.00 Bn | 1.84 Bn | 56.40 Mn | - |
| 10 | Mesoblast | 246.02 Mn | 143.11 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 1.75% |
| Mar 31, 2023 | -0.25% |
| Dec 31, 2022 | -0.29% |
| Sep 30, 2022 | -0.32% |
| Jun 30, 2022 | -0.26% |
| Mar 31, 2022 | -0.21% |
| Dec 31, 2021 | -0.31% |
| Sep 30, 2021 | -0.27% |
| Jun 30, 2021 | -0.89% |
| Mar 31, 2021 | -0.37% |
| Dec 31, 2020 | 0.29% |
| Sep 30, 2020 | -2.89% |
| Mar 31, 2020 | -11.96% |
| Dec 31, 2019 | -12.26% |
| Sep 30, 2019 | -26.05% |
| Jun 30, 2019 | -13.29% |
| Mar 31, 2019 | -8.11% |
| Dec 31, 2018 | -10.43% |
| Sep 30, 2018 | -3.52% |
| Jun 30, 2018 | -4.67% |