Gates Industrial (GTES) Current Taxes (2017 - 2026)
Gates Industrial's (GTES) quarterly Current Taxes came in at $18.6 million in Q1 2026, down 51.81% year-on-year from $38.6 million in Q1 2025, and down 31.11% on a QoQ basis from $27.0 million in Q4 2025.
Gates Industrial (GTES) Current Taxes (2017 - 2026) Analysis & Trends
Gates Industrial (GTES) has 10 years of Current Taxes data on file, last reported at $18.6 million in Q1 2026.
- On a quarterly basis, Current Taxes fell 51.81% year-over-year to $18.6 million in Q1 2026; TTM through Mar 2026 was $18.6 million, a 51.81% decrease from a year earlier, with the FY2025 full-year figure at $27.0 million, up 17.9% from the prior year.
- Current Taxes for Q1 2026 stood at $18.6 million, down from $27.0 million in the prior quarter.
- Over the last five years, Current Taxes for GTES reached as high as $68.3 million in Q3 2023 and fell as low as $18.6 million in Q1 2026.
- Historically, Current Taxes has averaged $38.2 million across 5 years, with a median of $34.6 million in 2022.
- Across the five-year window, Current Taxes soared 143.57% in 2022 and plunged 60.21% in 2025, its largest moves.
- Year by year, Current Taxes stood at $23.5 million in 2022, then soared by 55.74% to $36.6 million in 2023, then tumbled by 37.43% to $22.9 million in 2024, then advanced by 17.9% to $27.0 million in 2025, then tumbled by 31.11% to $18.6 million in 2026.
- Per Business Quant data, the three most recent Current Taxes figures were $18.6 million in Q1 2026, $27.0 million in Q4 2025, and $26.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current 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 | 233.00 Mn |
| 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 | 180.00 Mn |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 91.17 Mn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | - |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | - |
| 10 | Gates Industrial | 6.83 Bn | 6.05 Bn | 338.00 Mn | 18.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 18.60 Mn |
| Dec 31, 2025 | 27.00 Mn |
| Sep 27, 2025 | 26.50 Mn |
| Jun 28, 2025 | 27.30 Mn |
| Mar 29, 2025 | 38.60 Mn |
| Dec 28, 2024 | 22.90 Mn |
| Sep 28, 2024 | 66.60 Mn |
| Jun 29, 2024 | 61.40 Mn |
| Mar 30, 2024 | 44.90 Mn |
| Dec 30, 2023 | 36.60 Mn |
| Sep 30, 2023 | 68.30 Mn |
| Jul 1, 2023 | 52.50 Mn |
| Apr 1, 2023 | 29.20 Mn |
| Dec 31, 2022 | 23.50 Mn |
| Oct 1, 2022 | 47.90 Mn |
| Jul 2, 2022 | 35.10 Mn |
| Apr 2, 2022 | 27.10 Mn |
| Jan 1, 2022 | 34.10 Mn |
| Oct 2, 2021 | 51.40 Mn |
| Jul 3, 2021 | 37.00 Mn |