Mesoblast (MESO) Tax Rate (2016 - 2023)
Mesoblast (MESO) posted Tax Rate of 0.18% for Q2 2023, down 26.16% sequentially from 0.25% in Q1 2023, and down 6.0% YoY from 0.19% in Q2 2022.
Analysis
Mesoblast (MESO) Tax Rate (2016 - 2023) Analysis & Trends
Mesoblast has reported Tax Rate for 7 years, with the latest figure at 0.18% in Q2 2023.
- Quarterly Tax Rate fell 6.0% year-over-year to 0.18% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 0.26% (changed 0.0% YoY) and the FY2025 annual result came in at 0.32%, down 54.0% from the prior year.
- Tax Rate slipped to 0.18% in Q2 2023 per MESO's latest filing, from 0.25% in the prior quarter.
- Over five years, Tax Rate peaked at 26.05% in Q3 2019 and troughed at 0.29% in Q4 2020.
- A 5-year average of 4.54% and a median of 0.32% in 2021 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2019 and 2020: Tax Rate soared 2253 bps in 2019, then plunged 2316 bps in 2020.
- Over 5 years, Tax Rate stood at 8.45% in 2019, then slumped by 103 bps to 0.29% in 2020, then surged by 206 bps to 0.31% in 2021, then retreated by 6 bps to 0.29% in 2022, then slumped by 37 bps to 0.18% in 2023.
- According to Business Quant data, Tax Rate over the past three periods registered 0.18%, 0.25%, and 0.29% for Q2 2023, Q1 2023, and Q4 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.47 Bn | 130.62 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.18 Bn | 77.19 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.38 Bn | 58.19 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.09 Bn | 52.95 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.33 Bn | 44.33 Bn | - | - |
| 6 | BeOne Medicines | 40.02 Bn | 34.92 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.57 Bn | 32.27 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.45 Bn | 27.61 Bn | - | - |
| 9 | Insmed | 27.48 Bn | 26.32 Bn | 358.27 Mn | -16.71% |
| 10 | Mesoblast | 2.24 Bn | 2.14 Bn | - | - |
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% |