Wave Life Sciences (WVE) Tax Rate (2014 - 2023)
Wave Life Sciences' (WVE) quarterly Tax Rate came in at 0.14% in Q4 2023, up 144.0% YoY from 0.06% in Q4 2022, and up 98.67% on a QoQ basis from 10.65% in Q3 2023.
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Analysis
Wave Life Sciences (WVE) Tax Rate (2014 - 2023) Analysis & Trends
Wave Life Sciences (WVE) has 9 years of Tax Rate data on file, last reported at 0.14% in Q4 2023.
- Quarterly Tax Rate rose 144.0% year-over-year to 0.14% in Q4 2023, while the trailing twelve-month figure through Sep 2024 was 0.02% (down 4.0% YoY) and the FY2023 annual result came in at 1.16%, up 159.0% from the prior year.
- Tax Rate improved to 0.14% in Q4 2023, from 10.65% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 2.84% in Q4 2020 to a low of 10.65% in Q3 2023.
- A 4-year average of 1.79% and a median of 0.14% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2021 — Tax Rate slumped 226 bps — and 2023, when it soared 144 bps.
- Tracing WVE's Tax Rate over 4 years: stood at 2.84% in 2020, then tumbled by 79 bps to 0.58% in 2021, then plunged by 371 bps to 1.58% in 2022, then jumped by 91 bps to 0.14% in 2023.
- The last three Tax Rate figures came in at 0.14% (Q4 2023), 10.65% (Q3 2023), and 1.58% (Q4 2022), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 138.78 Bn | 130.92 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.50 Bn | 77.51 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 63.51 Bn | 58.32 Bn | 1.37 Bn | -10.89% |
| 4 | Moderna | 58.06 Bn | 52.92 Bn | 52.00 Mn | -1.96% |
| 5 | Revolution Medicines | 44.04 Bn | 44.04 Bn | - | - |
| 6 | BeOne Medicines | 40.04 Bn | 34.94 Bn | 1.53 Bn | 24.15% |
| 7 | Alnylam Pharmaceuticals | 35.45 Bn | 32.14 Bn | 992.69 Mn | 7.49% |
| 8 | Royalty Pharma | 28.41 Bn | 27.57 Bn | - | - |
| 9 | Insmed | 27.42 Bn | 26.26 Bn | 358.27 Mn | -16.71% |
| 10 | Wave Life Sciences | 986.38 Mn | 618.37 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -0.14% |
| Sep 30, 2023 | -10.65% |
| Dec 31, 2022 | -1.58% |
| Dec 31, 2021 | 0.58% |
| Dec 31, 2020 | 2.84% |
| Dec 31, 2018 | 0.26% |
| Mar 31, 2018 | -0.49% |
| Dec 31, 2017 | 0.62% |
| Sep 30, 2017 | 1.61% |
| Jun 30, 2017 | -1.41% |
| Mar 31, 2017 | -5.55% |
| Dec 31, 2016 | -4.04% |
| Sep 30, 2016 | -2.24% |
| Jun 30, 2016 | -0.42% |
| Mar 31, 2016 | 0.06% |
| Dec 31, 2015 | 1.91% |
| Sep 30, 2015 | -1.71% |
| Jun 30, 2015 | -1.34% |
| Mar 31, 2015 | -1.46% |
| Dec 31, 2014 | 0.57% |