Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026)
Greenland Technologies Holding's (GTEC) quarterly Tax Rate came in at 20.02% in Q2 2026, up 6445.0% on a YoY basis from 0.31% in Q2 2025, and up 34.69% quarter-over-quarter from 14.87% in Q1 2026.
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Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026) Analysis & Trends
Greenland Technologies Holding (GTEC) has reported Tax Rate for 8 consecutive years, with 20.02% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 6445.0% year-over-year to 20.02%; the trailing twelve-month figure through Jun 2026 stood at 18.72% (down 978.0% YoY), and the FY2025 full-year result was 29.01%, up 1886.0% from the prior year.
- Tax Rate advanced to 20.02% in Q2 2026 per GTEC's latest filing, from 14.87% in the prior quarter.
- Across five years, Tax Rate topped out at 81.85% in Q3 2023 and bottomed at 44.43% in Q2 2025.
- Historically, Tax Rate has averaged 18.44% across 5 years, with a median of 14.51% in 2024.
- The widest YoY moves for Tax Rate: up 6646 bps in 2025, down 5481 bps in 2025.
- Over 5 years, Tax Rate stood at 16.18% in 2022, then plunged by 105 bps to 0.75% in 2023, then jumped by 1989 bps to 14.16% in 2024, then surged by 469 bps to 80.62% in 2025, then sank by 75 bps to 20.02% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.02%, 14.87%, and 80.62% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 85.28 Bn | 81.95 Bn | 2.68 Bn | 16.34% |
| 2 | Illinois Tool Works | 75.67 Bn | 74.83 Bn | 1.90 Bn | 24.54% |
| 3 | Ametek | 54.19 Bn | 53.69 Bn | 735.04 Mn | 17.36% |
| 4 | Rockwell Automation | 47.43 Bn | 46.95 Bn | 1.14 Bn | 13.19% |
| 5 | Mettler Toledo International | 26.01 Bn | 25.96 Bn | 650.22 Mn | 19.52% |
| 6 | Dover | 25.81 Bn | 24.05 Bn | 880.61 Mn | 19.38% |
| 7 | Nordson | 17.47 Bn | 17.36 Bn | 453.73 Mn | 17.80% |
| 8 | Fortive | 17.01 Bn | 16.64 Bn | 695.30 Mn | 12.37% |
| 9 | RBC Bearings | 15.36 Bn | 15.24 Bn | 247.80 Mn | 22.04% |
| 10 | Greenland Technologies Holding | 28.67 Mn | -3.64 Mn | 9.54 Mn | 20.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.02% |
| Mar 31, 2026 | 14.87% |
| Dec 31, 2025 | 80.62% |
| Sep 30, 2025 | 12.26% |
| Jun 30, 2025 | -44.43% |
| Mar 31, 2025 | 16.14% |
| Dec 31, 2024 | 14.16% |
| Sep 30, 2024 | 48.93% |
| Jun 30, 2024 | 10.39% |
| Mar 31, 2024 | -5.50% |
| Dec 31, 2023 | -0.75% |
| Sep 30, 2023 | 81.85% |
| Jun 30, 2023 | 9.39% |
| Mar 31, 2023 | 10.77% |
| Dec 31, 2022 | 16.18% |
| Sep 30, 2022 | 19.83% |
| Jun 30, 2022 | 9.66% |
| Mar 31, 2022 | 17.53% |
| Dec 31, 2021 | -0.33% |
| Sep 30, 2021 | 42.53% |