Gates Industrial (GTES) Current Taxes (2017 - 2026)
Gates Industrial (GTES) reported Current Taxes of $18.6 million for Q1 2026, down 51.81% year-over-year from $38.6 million in Q1 2025, and down 31.11% quarter-over-quarter 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.
- Current Taxes for Q1 2026 came in at $18.6 million, down 51.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $18.6 million (down 51.81% YoY), and the FY2025 annual result was $27.0 million, up 17.9% from the prior year.
- Current Taxes fell to $18.6 million in Q1 2026 per GTES's latest filing, from $27.0 million in the prior quarter.
- Over five years, Current Taxes peaked at $68.3 million in Q3 2023 and troughed at $18.6 million in Q1 2026.
- A 5-year average of $38.2 million and a median of $34.6 million in 2022 frame the typical range for Current Taxes.
- The sharpest annual moves came in 2022 and 2025: Current Taxes surged 143.57% in 2022, then slumped 60.21% in 2025.
- A 5-year view of Current Taxes shows it stood at $23.5 million in 2022, then soared by 55.74% to $36.6 million in 2023, then slumped by 37.43% to $22.9 million in 2024, then increased by 17.9% to $27.0 million in 2025, then slumped by 31.11% to $18.6 million in 2026.
- Business Quant data shows GTES's Current Taxes at $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 | 251.14 Bn | 242.11 Bn | 1.78 Bn | - |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | - |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 233.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | - |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 180.00 Mn |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 91.17 Mn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | - |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 42.88 Mn |
| 10 | Gates Industrial | 6.51 Bn | 6.08 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 |