Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026)
Greenland Technologies Holding (GTEC) reported Tax Rate of 14.87% for Q1 2026, down 127.0% on a YoY basis from 55.06% in Q1 2025, and down 81.53% quarter-over-quarter from 80.49% in Q4 2025.
Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026) Analysis & Trends
Greenland Technologies Holding has reported Tax Rate for 8 years, with the latest figure at 14.87% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 127.0% year-over-year to 14.87%; the trailing twelve-month figure through Mar 2026 stood at 27.1% (up 1334.0% YoY), and the FY2025 full-year result was 29.0%, up 1992.0% from the prior year.
- Tax Rate for Q1 2026 stood at 14.87%, down from 80.49% in the prior quarter.
- The five-year high for Tax Rate was 81.85% in Q3 2023, with the low at 44.43% in Q2 2025.
- Historically, Tax Rate has averaged 18.16% across 5 years, with a median of 12.26% in 2025.
- The largest YoY upside for Tax Rate was 6931 bps in 2025 against a maximum downside of 5481 bps in 2025.
- Greenland Technologies Holding's Tax Rate stood at 16.18% in 2022, then slumped 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 slumped by 82 bps to 14.87% in 2026.
- The last three Tax Rate figures came in at 14.87% (Q1 2026), 80.49% (Q4 2025), and 12.26% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.00 Bn | 75.75 Bn | 2.35 Bn | 22.55% |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | 21.12% |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | -21.56% |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | 22.26% |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | 23.17% |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | 28.42% |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | - |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 101.15% |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 15.15% |
| 10 | Greenland Technologies Holding | 12.74 Mn | -4.94 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% |