REE Automotive (REE) Tax Rate (2021 - 2024)
REE Automotive (REE) posted quarterly Tax Rate of 2.14% for Q4 2024, down 543.0% YoY from 0.48% in Q1 2024, and down 6962.13% sequentially from 0.03% in Q3 2024.
REE Automotive (REE) Tax Rate (2021 - 2024) Analysis & Trends
REE Automotive has disclosed Tax Rate across 4 years of filings, most recently posting 2.14% for Q4 2024.
- In Q4 2024, Tax Rate fell 543.0% year-over-year to 2.14%; the TTM figure through Dec 2024 stood at 1.27% (up 131.0% YoY), while the FY2025 annual figure was 3.45%, up 533.0% from the prior year.
- Tax Rate declined to 2.14% in Q4 2024, from 0.03% in the prior quarter.
- Over the last five years, Tax Rate for REE reached as high as 3.29% in Q4 2023 and fell as low as 2.69% in Q4 2021.
- The 4-year median for Tax Rate is 0.3% (2022), against an average of 0.64%.
- Annual changes were most pronounced in 2023 — Tax Rate soared 359 bps — and 2024, when it sank 543 bps.
- A 4-year view of Tax Rate shows it stood at 2.69% in 2021, then surged by 89 bps to 0.3% in 2022, then soared by 1205 bps to 3.29% in 2023, then slumped by 165 bps to 2.14% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 2.14%, 0.03%, and 1.3% for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Advance Auto Parts | 65.13 Bn | 62.01 Bn | 869.00 Mn | 885.71% |
| 2 | Autozone | 53.07 Bn | 52.82 Bn | 2.52 Bn | 21.12% |
| 3 | Magna International | 17.54 Bn | 16.29 Bn | 1.42 Bn | 101.15% |
| 4 | Genuine Parts | 16.15 Bn | 15.67 Bn | 2.34 Bn | 23.17% |
| 5 | Aurora Innovation | 13.77 Bn | 12.55 Bn | -5.00 Mn | - |
| 6 | Borgwarner | 13.21 Bn | 13.37 Bn | 677.00 Mn | 22.26% |
| 7 | Aptiv | 12.84 Bn | 9.76 Bn | 920.00 Mn | 28.42% |
| 8 | Autoliv | 8.73 Bn | 8.37 Bn | 526.00 Mn | 29.70% |
| 9 | Modine Manufacturing | 8.68 Bn | 8.59 Bn | 186.10 Mn | -21.56% |
| 10 | REE Automotive | 6.75 Mn | -7.50 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -2.14% |
| Dec 31, 2024 | -2.14% |
| Sep 30, 2024 | 0.03% |
| Sep 30, 2024 | 0.03% |
| Jun 30, 2024 | 1.30% |
| Jun 30, 2024 | 1.30% |
| Dec 31, 2023 | 3.29% |
| Dec 31, 2023 | 3.29% |
| Sep 30, 2023 | -0.05% |
| Sep 30, 2023 | -0.05% |
| Dec 31, 2022 | -0.30% |
| Dec 31, 2022 | -0.30% |
| Sep 30, 2022 | -1.38% |
| Sep 30, 2022 | -1.38% |
| Jun 30, 2022 | -2.51% |
| Jun 30, 2022 | -2.51% |
| Mar 31, 2022 | -2.65% |
| Mar 31, 2022 | -2.65% |
| Dec 31, 2021 | -2.69% |
| Dec 31, 2021 | -2.69% |