Northern Minerals & Exploration (NMEX) Tax Rate (2021 - 2025)
Northern Minerals & Exploration's (NMEX) quarterly Tax Rate came in at 40.55% in Q3 2025, down 4958.0% year-over-year from 0.83% in Q3 2024, and down 55.01% quarter-over-quarter from 90.13% in Q3 2024.
Analysis
Northern Minerals & Exploration (NMEX) Tax Rate (2021 - 2025) Analysis & Trends
Northern Minerals & Exploration has disclosed Tax Rate across 5 years of filings, most recently posting 40.55% for Q3 2025.
- In Q3 2025, Tax Rate fell 4958.0% year-over-year to 40.55%; the TTM figure through Apr 2026 stood at 18.7% (up 276.0% YoY), while the FY2025 annual figure was 21.01%, down 1.0% from the prior year.
- Tax Rate came in at 40.55% for Q3 2025 at Northern Minerals & Exploration, down from 90.13% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 109.48% in Q3 2022 to a low of 25.84% in Q3 2023.
- Average Tax Rate over 5 years is 38.43%, with a median of 40.55% recorded in 2025.
- Year-over-year, Tax Rate surged 13162 bps in 2022 and sank 13532 bps in 2023.
- Over 5 years, Tax Rate stood at 22.14% in 2021, then soared by 594 bps to 109.48% in 2022, then plunged by 124 bps to 25.84% in 2023, then jumped by 449 bps to 90.13% in 2024, then tumbled by 55 bps to 40.55% in 2025.
- Per Business Quant data, the three most recent Tax Rate figures were 40.55% in Q3 2025, 90.13% in Q3 2024, and 25.84% in Q3 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.43 Bn | 158.73 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 107.17 Bn | 105.28 Bn | 8.84 Bn | 18.22% |
| 3 | Eog Resources | 77.65 Bn | 72.75 Bn | - | 22.15% |
| 4 | Diamondback Energy | 57.68 Bn | 57.22 Bn | 5.55 Bn | 22.01% |
| 5 | Devon Energy | 46.44 Bn | 45.43 Bn | 6.02 Bn | 22.36% |
| 6 | Expand Energy | 23.24 Bn | 21.97 Bn | 2.33 Bn | 22.32% |
| 7 | Permian Resources | 20.02 Bn | 19.76 Bn | - | 21.99% |
| 8 | Ovintiv | 18.09 Bn | 17.20 Bn | 2.83 Bn | 15.40% |
| 9 | Apa | 15.84 Bn | 15.40 Bn | 2.28 Bn | 18.32% |
| 10 | Northern Minerals & Exploration | 5.57 Mn | 5.56 Mn | 1,676.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2025 | 40.55% |
| Jul 31, 2024 | 90.13% |
| Jul 31, 2023 | -25.84% |
| Jul 31, 2022 | 109.48% |
| Jul 31, 2021 | -22.14% |