Greenland Technologies Holding GTEC
NASDAQ GTEC
$0.79 +0.01 (+1.17%)
As of: Oct 2, 2026 · 1:44 PM EDT

Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026)

Updated

Greenland Technologies Holding (GTEC) reported Tax Rate of 20.02% for Q2 2026, up 64.45 percentage points from -44.43% a year earlier and up 5.16 percentage points from the prior quarter.

Analysis

Greenland Technologies Holding (GTEC) Tax Rate (2019 - 2026) Analysis & Trends

Over the twelve months ended Jun 30, 2026, Greenland Technologies Holding's Tax Rate came in at 18.72%, down 8.04 percentage points year-over-year; for FY2025, it came in at 29.00%, up 19.92 percentage points from FY2024.

  • Tax Rate has a five-year change of +2.71 percentage points (FY2020 to FY2025).
  • By year, Tax Rate came in at 9.08% in FY2024 (+16.41 pp), -7.33% in FY2023 (-22.87 pp), 15.54% in FY2022 (-4.69 pp) and 20.23% in FY2021 (-6.06 pp).
  • Five-year quarterly Tax Rate spans a low of -44.43% in Q2 2025 and a high of 81.85% in Q3 2023.
  • Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of +5.21 percentage points.
  • The high point for year-over-year Tax Rate in five years was Q4 2025 (a gain of 69.31 percentage points); the low point was Q2 2025 (a drop of 54.81 percentage points).
  • Per Business Quant data, the three quarters before Q2 2026 came in at 14.87% (Q1 2026), 80.49% (Q4 2025) and 12.26% (Q3 2025).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Caterpillar 372.79 Bn 344.49 Bn 7.76 Bn 23.15%
2 Amphenol 207.98 Bn 202.68 Bn 3.55 Bn 25.30%
3 Deere 181.02 Bn 189.78 Bn 4.66 Bn 28.11%
4 Eaton 166.86 Bn 164.09 Bn 2.86 Bn 28.06%
5 Parker-Hannifin 120.45 Bn 118.58 Bn 2.25 Bn 18.51%
6 Vertiv Holdings 92.94 Bn 83.56 Bn 1.23 Bn 19.71%
7 Emerson Electric 86.56 Bn 79.32 Bn 2.66 Bn 21.62%
8 3M 84.72 Bn 66.18 Bn 2.68 Bn 16.34%
9 Illinois Tool Works 73.32 Bn 69.88 Bn 1.90 Bn 24.54%
10 Greenland Technologies Holding 19.91 Mn -114.73 Mn 9.54 Mn 20.02%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 20.02%
Mar 31, 2026 14.87%
Dec 31, 2025 80.49%
Sep 30, 2025 12.26%
Mar 31, 2025 16.14%
Dec 31, 2024 11.18%
Sep 30, 2024 48.93%
Jun 30, 2024 10.39%
Sep 30, 2023 81.85%
Jun 30, 2023 9.39%
Mar 31, 2023 10.77%
Sep 30, 2022 19.83%
Jun 30, 2022 9.66%
Mar 31, 2022 17.53%
Sep 30, 2021 42.53%
Jun 30, 2021 11.11%
Mar 31, 2021 17.62%
Dec 31, 2020 30.23%
Sep 30, 2020 42.96%
Jun 30, 2020 6.12%
API Access

Greenland Technologies Holding Tax Rate API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=tax-rate&ticker=GTEC&period=max&api_key=YOUR_API_KEY