Soligenix (SNGX) Tax Rate (2019 - 2023)

Soligenix's (SNGX) quarterly Tax Rate came in at 25.0% in Q4 2023, down 52.48% on a QoQ basis from 52.61% in Q1 2023.

Soligenix (SNGX) Tax Rate (2019 - 2023) Analysis & Trends

Soligenix (SNGX) has 5 years of Tax Rate data on file, last reported at 25.0% in Q4 2023.

Quarterly Tax Rate changed N/A year-over-year to 25.0% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 22.35% (up 691.0% YoY) and the FY2025 annual result came in at 4.37%, down 34.0% from the prior year.
Tax Rate retreated to 25.0% in Q4 2023, from 52.61% in the prior quarter.
In the past five years, Tax Rate ranged from a high of 52.61% in Q1 2023 to a low of 15.11% in Q4 2020.
A 5-year average of 24.72% and a median of 27.14% in 2019 frame the typical range for Tax Rate.
Annual changes were most pronounced in 2020 — Tax Rate plunged 1720 bps — and 2022, when it surged 1080 bps.
Tracing SNGX's Tax Rate over 5 years: stood at 27.14% in 2019, then slumped by 156 bps to 15.11% in 2020, then soared by 260 bps to 24.1% in 2021, then surged by 45 bps to 34.9% in 2022, then slipped by 28 bps to 25.0% in 2023.
The last three Tax Rate figures came in at 25.0% (Q4 2023), 52.61% (Q1 2023), and 34.9% (Q3 2022), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Vertex Pharmaceuticals	139.13 Bn	131.28 Bn	2.84 Bn	20.98%
2	Regeneron Pharmaceuticals	85.77 Bn	77.77 Bn	3.93 Bn	15.11%
3	Argenx Se	64.64 Bn	59.46 Bn	1.37 Bn	10.91%
4	Moderna	58.29 Bn	53.16 Bn	52.00 Mn	-1.96%
5	BeOne Medicines	41.92 Bn	36.82 Bn	1.53 Bn	24.15%
6	Alnylam Pharmaceuticals	31.58 Bn	28.28 Bn	992.69 Mn	7.49%
7	BioNTech SE	28.12 Bn	9.73 Bn	668.28 Mn	34.12%
8	Insmed	27.39 Bn	26.22 Bn	358.27 Mn	-16.71%
9	Royalty Pharma	27.27 Bn	26.43 Bn	-	-
10	Soligenix	6.45 Mn	6.45 Mn	-	-

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