Veru (VERU) Tax Rate (2012 - 2024)
Veru (VERU) posted quarterly Tax Rate of 10.27% for Q3 2024, down 1189.0% year-over-year from 0.94% in Q4 2023, and down 583.2% quarter-over-quarter from 1.5% in Q2 2024.
Veru (VERU) Tax Rate (2012 - 2024) Analysis & Trends
Veru (VERU) has reported Tax Rate for 13 consecutive years, with 10.27% the latest figure, recorded in Q3 2024.
- In Q3 2024, Tax Rate fell 1189.0% year-over-year to 10.27%; the TTM figure through Sep 2024 stood at 2.49% (down 673.0% YoY), while the FY2024 annual figure was 0.97%, down 259.0% from the prior year.
- Tax Rate retreated to 10.27% in Q3 2024 per VERU's latest filing, from 1.5% in the prior quarter.
- Across five years, Tax Rate topped out at 30.8% in Q3 2021 and bottomed at 11.93% in Q2 2020.
- Historically, Tax Rate has averaged 6.73% across 5 years, with a median of 1.63% in 2024.
- Annual changes were most pronounced in 2021 — Tax Rate surged 3293 bps — and 2022, when it sank 3305 bps.
- Veru's Tax Rate stood at 0.45% in 2020, then soared by 259 bps to 1.63% in 2021, then soared by 1192 bps to 21.0% in 2022, then decreased by 0 bps to 21.0% in 2023, then slumped by 149 bps to 10.27% in 2024.
- Business Quant data shows VERU's Tax Rate at 10.27% in Q3 2024, 1.5% in Q2 2024, and 1.63% in Q1 2024.
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Peer Comparison
| # | 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 | Veru | 60.85 Mn | 35.06 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -10.27% |
| Sep 30, 2024 | -10.27% |
| Sep 30, 2024 | -10.27% |
| Jun 30, 2024 | -1.50% |
| Jun 30, 2024 | -1.50% |
| Jun 30, 2024 | -1.50% |
| Mar 31, 2024 | 1.63% |
| Mar 31, 2024 | 1.63% |
| Mar 31, 2024 | 1.63% |
| Dec 31, 2023 | 21.00% |
| Dec 31, 2023 | 21.00% |
| Dec 31, 2023 | 21.00% |
| Sep 30, 2023 | 1.63% |
| Sep 30, 2023 | 1.63% |
| Sep 30, 2023 | 1.63% |
| Jun 30, 2023 | 1.63% |
| Jun 30, 2023 | 1.63% |
| Jun 30, 2023 | 1.63% |
| Mar 31, 2023 | 0.20% |
| Mar 31, 2023 | 0.20% |