Smith & Nephew (SNN) Tax Rate (2009 - 2024)
Smith & Nephew (SNN) posted quarterly Tax Rate of 33.99% for Q4 2024, up 5248.0% year-on-year from 0.64% in Q1 2024, and up 283.91% on a QoQ basis from 18.48% in Q4 2023.
Smith & Nephew (SNN) Tax Rate (2009 - 2024) Analysis & Trends
Smith & Nephew (SNN) has reported Tax Rate for 16 consecutive years, with 33.99% the latest figure, recorded in Q4 2024.
- Quarterly Tax Rate rose 5248.0% year-over-year to 33.99% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 0.22% (down 805.0% YoY) and the FY2025 annual result came in at 19.77%, up 250.0% from the prior year.
- Tax Rate advanced to 33.99% in Q4 2024 per SNN's latest filing, from 18.48% in the prior quarter.
- Over the last five years, Tax Rate for SNN reached as high as 33.99% in Q4 2024 and fell as low as 394.12% in Q4 2020.
- A 5-year average of 79.98% and a median of 13.24% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2020 — Tax Rate tumbled 35678 bps — and 2021, when it soared 38605 bps.
- Year by year, Tax Rate stood at 394.12% in 2020, then surged by 98 bps to 8.07% in 2021, then tumbled by 64 bps to 13.24% in 2022, then plunged by 40 bps to 18.48% in 2023, then jumped by 284 bps to 33.99% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 33.99%, 18.48%, and 13.24% for Q4 2024, Q4 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 25.67% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 12.35% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 31.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | -15.15% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 17.06% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 25.97% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -23.16% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 18.61% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 27.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 33.99% |
| Dec 31, 2024 | 33.99% |
| Dec 31, 2024 | 33.99% |
| Dec 31, 2023 | -18.48% |
| Dec 31, 2023 | -18.48% |
| Dec 31, 2023 | -18.48% |
| Dec 31, 2022 | -13.24% |
| Dec 31, 2022 | -13.24% |
| Dec 31, 2022 | -13.24% |
| Dec 31, 2021 | -8.07% |
| Dec 31, 2021 | -8.07% |
| Dec 31, 2021 | -8.07% |
| Dec 31, 2020 | -394.12% |
| Dec 31, 2020 | -394.12% |
| Dec 31, 2020 | -394.12% |
| Dec 31, 2019 | -37.34% |
| Dec 31, 2019 | -37.34% |
| Dec 31, 2019 | -37.34% |
| Dec 31, 2018 | -34.60% |
| Dec 31, 2018 | -34.60% |