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| Date | Value |
|---|---|
| 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 |