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
DateValue
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