Utah Medical Products (UTMD) Tax Rate (2010 - 2026)
Utah Medical Products (UTMD) posted Tax Rate of 18.26% for Q2 2026, down 2.28 percentage points from 20.54% a year earlier but up 0.09 percentage points from the prior quarter.
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Analysis
Utah Medical Products (UTMD) Tax Rate (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Utah Medical Products was 18.60%, down 0.34 percentage points year-over-year; for FY2025, it came in at 20.01%, up 2.59 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -1.97 percentage points (FY2020 to FY2025).
- In prior years, Utah Medical Products' Tax Rate was 17.43% in FY2024 (+0.23 pp), 17.19% in FY2023 (-3.07 pp), 20.26% in FY2022 (-2.16 pp) and 22.42% in FY2021 (+0.44 pp).
- Quarterly Tax Rate has run from a low of 14.57% in Q4 2023 to a high of 21.99% in Q1 2022 over five years.
- On a year-over-year basis, Tax Rate has declined in each of the last three quarters, with an average year-over-year change of +0.81 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2025, with a gain of 5.75 percentage points; the weakest was Q2 2022, with a drop of 7.91 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 18.16% (Q1 2026), 17.39% (Q4 2025) and 20.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 8.68% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 39.11% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 19.29% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | 21.94% |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 18.41% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 14.62% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 53.56% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 18.41% |
| 10 | Utah Medical Products | 235.96 Mn | -109.00 Mn | 4.76 Mn | 18.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.26% |
| Mar 31, 2026 | 18.16% |
| Dec 31, 2025 | 17.39% |
| Sep 30, 2025 | 20.49% |
| Jun 30, 2025 | 20.54% |
| Mar 31, 2025 | 21.18% |
| Dec 31, 2024 | 19.70% |
| Sep 30, 2024 | 14.74% |
| Jun 30, 2024 | 18.00% |
| Mar 31, 2024 | 17.55% |
| Dec 31, 2023 | 14.57% |
| Sep 30, 2023 | 17.70% |
| Jun 30, 2023 | 18.79% |
| Mar 31, 2023 | 17.68% |
| Dec 31, 2022 | 18.53% |
| Sep 30, 2022 | 19.84% |
| Jun 30, 2022 | 21.08% |
| Mar 31, 2022 | 21.99% |
| Dec 31, 2021 | 20.25% |
| Sep 30, 2021 | 18.44% |
API Access
Utah Medical Products Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=UTMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "UTMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=UTMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();