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.
Analysis
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.
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 | Prime Medicine | 653.96 Mn | 653.96 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 0.24% |
| Mar 31, 2024 | -0.29% |
| Sep 30, 2023 | 0.21% |
| Jun 30, 2023 | -0.07% |
| Mar 31, 2023 | 0.51% |
| Dec 31, 2022 | 0.47% |
| Sep 30, 2022 | -0.73% |
| Jun 30, 2022 | 1.48% |
| Mar 31, 2022 | 2.18% |
| Dec 31, 2021 | -2.22% |
| Sep 30, 2021 | 12.62% |