Gates Industrial (GTES) Change in Taxes (2017 - 2026)

Gates Industrial's (GTES) quarterly Change in Taxes came in at $7.2 million in Q1 2026, down 15.29% year-on-year from $8.5 million in Q1 2025, and down 40.5% on a QoQ basis from $12.1 million in Q4 2025.

Gates Industrial (GTES) Change in Taxes (2017 - 2026) Analysis & Trends

Gates Industrial (GTES) has 10 years of Change in Taxes data on file, last reported at $7.2 million in Q1 2026.

  • On a quarterly basis, Change in Taxes fell 15.29% year-over-year to $7.2 million in Q1 2026; TTM through Mar 2026 was -$19.9 million, a 301.01% decrease from a year earlier, with the FY2025 full-year figure at -$18.6 million, down 1966.67% from the prior year.
  • Change in Taxes for Q1 2026 stood at $7.2 million, down from $12.1 million in the prior quarter.
  • Over the last five years, Change in Taxes for GTES reached as high as $83.1 million in Q1 2022 and fell as low as -$29.1 million in Q3 2025.
  • Historically, Change in Taxes has averaged $1.8 million across 5 years, with a median of -$1.3 million in 2022.
  • On a YoY basis, Change in Taxes climbed as much as 611.76% in 2025 and fell as far as 2325.0% in 2025.
  • Year by year, Change in Taxes stood at -$1.4 million in 2022, then plunged by 521.43% to -$8.7 million in 2023, then jumped by 119.54% to $1.7 million in 2024, then jumped by 611.76% to $12.1 million in 2025, then slumped by 40.5% to $7.2 million in 2026.
  • Per Business Quant data, the three most recent Change in Taxes figures were $7.2 million in Q1 2026, $12.1 million in Q4 2025, and -$29.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 GE Vernova 270.93 Bn 257.81 Bn 2.36 Bn -
2 Eaton 156.55 Bn 155.79 Bn 2.65 Bn -
3 Parker-Hannifin 124.04 Bn 123.57 Bn 2.02 Bn -
4 Cummins 91.66 Bn 88.48 Bn 2.24 Bn -
5 Emerson Electric 82.90 Bn 81.11 Bn 2.42 Bn -
6 Illinois Tool Works 81.54 Bn 80.71 Bn 1.76 Bn -6.00 Mn
7 Ametek 55.40 Bn 54.92 Bn 717.56 Mn -
8 Rockwell Automation 51.78 Bn 51.35 Bn 1.13 Bn -87.00 Mn
9 Ingersoll Rand 32.99 Bn 31.71 Bn 792.40 Mn -
10 Gates Industrial 6.83 Bn 6.05 Bn 338.00 Mn 7.20 Mn

Historic Data

Download Data
DateValue
Mar 28, 2026 7.20 Mn
Mar 28, 2026 7.20 Mn
Dec 31, 2025 12.10 Mn
Dec 31, 2025 12.10 Mn
Sep 27, 2025 -29.10 Mn
Sep 27, 2025 -29.10 Mn
Jun 28, 2025 -10.10 Mn
Jun 28, 2025 -10.10 Mn
Mar 29, 2025 8.50 Mn
Mar 29, 2025 8.50 Mn
Dec 28, 2024 1.70 Mn
Dec 28, 2024 1.70 Mn
Sep 28, 2024 -1.20 Mn
Sep 28, 2024 -1.20 Mn
Jun 29, 2024 900,000.00
Jun 29, 2024 900,000.00
Mar 30, 2024 -2.30 Mn
Mar 30, 2024 -2.30 Mn
Dec 30, 2023 -8.70 Mn
Dec 30, 2023 -8.70 Mn