Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026)
Greenland Technologies Holding (GTEC) posted Tax Rate of 14.87% for Q1 2026, down 81.53% quarter-over-quarter from 80.49% in Q4 2025, and down 127.0% year-on-year from 55.06% in Q1 2025.
Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026) Analysis & Trends
Greenland Technologies Holding (GTEC) has reported Tax Rate for 8 consecutive years, with 14.87% the latest figure, recorded in Q1 2026.
- Tax Rate for Q1 2026 came in at 14.87%, down 127.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.1% (up 1334.0% YoY), and the FY2025 annual result was 29.0%, up 1992.0% from the prior year.
- Tax Rate was 14.87% for Q1 2026 at Greenland Technologies Holding, down from 80.49% in the prior quarter.
- Over five years, Tax Rate peaked at 81.85% in Q3 2023 and troughed at 44.43% in Q2 2025.
- Average Tax Rate over 5 years is 18.16%, with a median of 12.26% recorded in 2025.
- The widest YoY moves for Tax Rate: up 6931 bps in 2025, down 5481 bps in 2025.
- Over 5 years, Tax Rate stood at 16.18% in 2022, then sank by 105 bps to 0.75% in 2023, then surged by 1592 bps to 11.18% in 2024, then surged by 620 bps to 80.49% in 2025, then sank by 82 bps to 14.87% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 14.87% in Q1 2026, 80.49% in Q4 2025, and 12.26% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Advance Auto Parts | 65.13 Bn | 62.01 Bn | 869.00 Mn | 885.71% |
| 2 | Autozone | 53.07 Bn | 52.82 Bn | 2.52 Bn | 21.12% |
| 3 | Magna International | 17.54 Bn | 16.29 Bn | 1.42 Bn | 101.15% |
| 4 | Genuine Parts | 16.15 Bn | 15.67 Bn | 2.34 Bn | 23.17% |
| 5 | Aurora Innovation | 13.77 Bn | 12.55 Bn | -5.00 Mn | - |
| 6 | Borgwarner | 13.21 Bn | 13.37 Bn | 677.00 Mn | 22.26% |
| 7 | Aptiv | 12.84 Bn | 9.76 Bn | 920.00 Mn | 28.42% |
| 8 | Autoliv | 8.73 Bn | 8.37 Bn | 526.00 Mn | 29.70% |
| 9 | Modine Manufacturing | 8.68 Bn | 8.59 Bn | 186.10 Mn | -21.56% |
| 10 | Greenland Technologies Holding | 300,000.01 | -17.38 Mn | 8.76 Mn | 14.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.87% |
| Mar 31, 2026 | 14.87% |
| Dec 31, 2025 | 80.49% |
| Dec 31, 2025 | 80.49% |
| Sep 30, 2025 | 12.26% |
| Sep 30, 2025 | 12.26% |
| Jun 30, 2025 | -44.43% |
| Jun 30, 2025 | -44.43% |
| Mar 31, 2025 | 16.14% |
| Mar 31, 2025 | 16.14% |
| Dec 31, 2024 | 11.18% |
| Dec 31, 2024 | 11.18% |
| Sep 30, 2024 | 48.93% |
| Sep 30, 2024 | 48.93% |
| Jun 30, 2024 | 10.39% |
| Jun 30, 2024 | 10.39% |
| Mar 31, 2024 | -5.50% |
| Mar 31, 2024 | -5.50% |
| Dec 31, 2023 | -0.75% |
| Dec 31, 2023 | -0.75% |