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Cpi Aerostructures Inc   (CVU)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods


Cpi Aerostructures Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CVU Effective Tax Rate (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Pre-Tax Income Change -82.44 % 237.64 % -72.77 % 139.73 % -
Seq. Pre-Tax Income Change -77.08 % 78.68 % -59.62 % 6.2 % 340.62 %
Pre-Tax Income In Millions $0.21 $0.91 $0.51 $1.26 $1.18
Effective Tax Rate 19 % -1528.73 % 40.58 % 7.87 % 16.85 %
Effective Tax Rate Total Ranking # 550 # # 1925 # 214 # 488
Income taxes expenses / -benefit In Millions $0.04 $-13.85 $0.21 $0.10 $0.20
Y / Y Income taxes expenses / -benefit Change -80.19 % - 5388.11 % 1486.97 % 15528 %
Seq. Income taxes expenses / -benefit Change - - 108.33 % -50.42 % -


Commenting First Quarter 2024 Effective Tax Rate
Company's effective tax rate in I. Quarter increased compare to previous quarter to 19 %, below company's average Effective Tax Rate.

Looking into I. Quarter results within Aerospace & Defense industry 6 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 550.

CVU's Effective Tax Rate first quarter 2024 Company Ranking
Within: No.
Aerospace & Defense Industry # 7
Capital Goods Sector # 39
Overall # 549

CVU's Effective Tax Rate Statistics
High Average Low
187.08 % 32.77 % 0.06 %
(Dec 31 2018)   (Sep 30 2021)




Other Effective Tax Rate Profitability Ratios
CVU's Cumulative Effective Tax Rate
Aerospace & Defense Industry Effective Tax Rate Trends and Statistics
Capital Goods Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CVU's Effective Tax Rate Profitability versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CVU's Competitors
Effective Tax Rate Profit Margin for Cpi Aerostructures Inc 's Suppliers
Effective Tax Rate Profit Margin for CVU's Customers

You may also want to know
CVU's Annual Growth Rates CVU's Profitability Ratios CVU's Asset Turnover Ratio CVU's Dividend Growth
CVU's Roe CVU's Valuation Ratios CVU's Financial Strength Ratios CVU's Income taxes expenses / -benefit Growth
CVU's Roa CVU's Inventory Turnover Ratio CVU's Growth Rates CVU's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Mar 31 2024, within Aerospace & Defense Industry Effective Tax RateMar 31 2024 MRQ Income taxes expenses / -benefitMar 31 2024 MRQ Pre-Tax Income
Transdigm Group Incorporated  22.16 %$ 115.000 $ 519.000 
Ducommun Incorporated  21.63 %$ 1.890 $ 8.739 
Leonardo Drs Inc   21.62 %$ 8.000 $ 37.000 
National Presto Industries Inc  21.36 %$ 1.784 $ 8.352 
Nextracker Inc   21.15 %$ 59.864 $ 283.064 
Teledyne Technologies Inc  20.58 %$ 46.400 $ 225.500 
Mind Technology Inc  20.43 %$ 0.245 $ 1.199 
Axon Enterprise inc   19.61 %$ 32.502 $ 165.720 
Cpi Aerostructures Inc   19.00 %$ 0.039 $ 0.208 
Northrop Grumman Corp  16.53 %$ 187.000 $ 1,131.000 
Coda Octopus Group Inc   15.90 %$ 0.261 $ 1.641 
Lockheed Martin Corporation  15.80 %$ 290.000 $ 1,835.000 
Textron Inc   15.19 %$ 36.000 $ 237.000 
Park Aerospace Corp   7.93 %$ 0.230 $ 2.900 




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