Gates Industrial (GTES) Tax Rate (2017 - 2026)
Gates Industrial (GTES) reported Tax Rate of 14.76% for Q1 2026, down 1210.0% year-over-year from 1.33% in Q1 2025, and down 29.73% quarter-over-quarter from 21.01% in Q4 2025.
Gates Industrial (GTES) Tax Rate (2017 - 2026) Analysis & Trends
Gates Industrial (GTES) has 10 years of Tax Rate data on file, last reported at 14.76% in Q1 2026.
- Tax Rate for Q1 2026 came in at 14.76%, down 1210.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.23% (down 1356.0% YoY), and the FY2025 annual result was 18.55%, down 1423.0% from the prior year.
- Tax Rate fell to 14.76% in Q1 2026 per GTES's latest filing, from 21.01% in the prior quarter.
- Over five years, Tax Rate peaked at 53.13% in Q4 2024 and troughed at 7.89% in Q4 2022.
- A 5-year average of 16.92% and a median of 16.17% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 4978 bps in 2024, then plunged 3212 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 7.89% in 2022, then jumped by 142 bps to 3.35% in 2023, then jumped by 1485 bps to 53.13% in 2024, then plunged by 60 bps to 21.01% in 2025, then slipped by 30 bps to 14.76% in 2026.
- Business Quant data shows GTES's Tax Rate at 14.76% in Q1 2026, 21.01% in Q4 2025, and 6.43% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 299.46 Bn | 290.43 Bn | 1.78 Bn | 6.94 |
| 2 | Eaton | 164.06 Bn | 163.35 Bn | 2.65 Bn | 21.68 |
| 3 | Parker-Hannifin | 120.65 Bn | 120.18 Bn | 2.02 Bn | 19.21 |
| 4 | Cummins | 98.98 Bn | 96.25 Bn | 2.24 Bn | 27.19 |
| 5 | Emerson Electric | 84.75 Bn | 82.97 Bn | 2.42 Bn | 22.07 |
| 6 | Illinois Tool Works | 76.17 Bn | 75.34 Bn | 1.76 Bn | 20.58 |
| 7 | Ametek | 54.28 Bn | 53.79 Bn | 717.56 Mn | 18.99 |
| 8 | Rockwell Automation | 53.18 Bn | 52.81 Bn | 1.13 Bn | 20.23 |
| 9 | Ingersoll Rand | 30.53 Bn | 29.32 Bn | 792.40 Mn | 15.70 |
| 10 | Gates Industrial | 7.14 Bn | 6.71 Bn | 338.00 Mn | 14.76 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 14.76% |
| Mar 28, 2026 | 14.76% |
| Dec 31, 2025 | 21.01% |
| Dec 31, 2025 | 21.01% |
| Sep 27, 2025 | 6.43% |
| Sep 27, 2025 | 6.43% |
| Jun 28, 2025 | 20.95% |
| Jun 28, 2025 | 20.95% |
| Mar 29, 2025 | 26.87% |
| Mar 29, 2025 | 26.87% |
| Dec 28, 2024 | 53.13% |
| Dec 28, 2024 | 53.13% |
| Sep 28, 2024 | 20.23% |
| Sep 28, 2024 | 20.23% |
| Jun 29, 2024 | 13.64% |
| Jun 29, 2024 | 13.64% |
| Mar 30, 2024 | 42.75% |
| Mar 30, 2024 | 42.75% |
| Dec 30, 2023 | 3.35% |
| Dec 30, 2023 | 3.35% |