Prime Medicine (PRME) Tax Rate (2021 - 2024)
Prime Medicine's (PRME) quarterly Tax Rate came in at 0.24% in Q2 2024, up 31.0% YoY from 0.18% in Q3 2023, and up 182.27% on a QoQ basis from 0.29% in Q1 2024.
Prime Medicine (PRME) Tax Rate (2021 - 2024) Analysis & Trends
Prime Medicine (PRME) has 4 years of Tax Rate data on file, last reported at 0.24% in Q2 2024.
- Quarterly Tax Rate rose 31.0% year-over-year to 0.24% in Q2 2024, while the trailing twelve-month figure through Mar 2025 was 0.07% (up 9.0% YoY) and the FY2023 annual result came in at 0.14%, down 63.0% from the prior year.
- Tax Rate advanced to 0.24% in Q2 2024, from 0.29% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 12.62% in Q3 2021 to a low of 2.24% in Q4 2021.
- A 4-year average of 1.31% and a median of 0.24% in 2024 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 272 bps in 2022, down 1335 bps in 2022.
- Tracing PRME's Tax Rate over 4 years: stood at 2.24% in 2021, then soared by 121 bps to 0.47% in 2022, then tumbled by 55 bps to 0.21% in 2023, then grew by 14 bps to 0.24% in 2024.
- The last three Tax Rate figures came in at 0.24% (Q2 2024), 0.29% (Q1 2024), and 0.21% (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 128.13 Bn | 120.28 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 112.33 Bn | 104.33 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 53.24 Bn | 48.05 Bn | 1.41 Bn | 10.91% |
| 4 | Revolution Medicines | 43.64 Bn | 43.64 Bn | - | - |
| 5 | BeOne Medicines | 39.27 Bn | 34.17 Bn | 1.53 Bn | 24.15% |
| 6 | MindWalk Holdings | 35.32 Bn | 35.31 Bn | 1.82 Bn | -9.47% |
| 7 | Royalty Pharma | 33.72 Bn | 35.84 Bn | - | - |
| 8 | Alnylam Pharmaceuticals | 30.58 Bn | 27.27 Bn | 992.69 Mn | 7.49% |
| 9 | Insmed | 27.01 Bn | 25.85 Bn | 358.27 Mn | -16.71% |
| 10 | Prime Medicine | 558.48 Mn | 558.48 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 0.24% |
| Jun 30, 2024 | 0.24% |
| Jun 30, 2024 | 0.24% |
| Mar 31, 2024 | -0.29% |
| Mar 31, 2024 | -0.29% |
| Mar 31, 2024 | -0.29% |
| Sep 30, 2023 | 0.21% |
| Sep 30, 2023 | 0.21% |
| Sep 30, 2023 | 0.21% |
| Jun 30, 2023 | -0.07% |
| Jun 30, 2023 | -0.07% |
| Jun 30, 2023 | -0.07% |
| Mar 31, 2023 | 0.51% |
| Mar 31, 2023 | 0.51% |
| Mar 31, 2023 | 0.51% |
| Dec 31, 2022 | 0.47% |
| Dec 31, 2022 | 0.47% |
| Dec 31, 2022 | 0.47% |
| Sep 30, 2022 | -0.73% |
| Sep 30, 2022 | -0.73% |