Gates Industrial (GTES) Tax Rate (2017 - 2026)

Gates Industrial's (GTES) quarterly Tax Rate came in at 14.76% in Q1 2026, down 1210.0% year-on-year from 1.33% in Q1 2025, and down 29.73% on a QoQ basis 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.

  • On a quarterly basis, Tax Rate fell 1210.0% year-over-year to 14.76% in Q1 2026; TTM through Mar 2026 was 15.23%, a 1356.0% decrease from a year earlier, with the FY2025 full-year figure at 18.55%, down 1423.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 14.76%, down from 21.01% in the prior quarter.
  • Over the last five years, Tax Rate for GTES reached as high as 53.13% in Q4 2024 and fell as low as 7.89% in Q4 2022.
  • Historically, Tax Rate has averaged 16.92% across 5 years, with a median of 16.17% in 2022.
  • Across the five-year window, Tax Rate surged 4978 bps in 2024 and slumped 3212 bps in 2025, its largest moves.
  • Year by year, Tax Rate 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 sank by 60 bps to 21.01% in 2025, then fell by 30 bps to 14.76% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 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 270.93 Bn 257.81 Bn 2.36 Bn 29.84
2 Eaton 156.55 Bn 155.79 Bn 2.65 Bn 21.68
3 Parker-Hannifin 124.04 Bn 123.57 Bn 2.02 Bn 19.21
4 Cummins 91.66 Bn 88.48 Bn 2.24 Bn 27.19
5 Emerson Electric 82.90 Bn 81.11 Bn 2.42 Bn 22.07
6 Illinois Tool Works 81.54 Bn 80.71 Bn 1.76 Bn 20.58
7 Ametek 55.40 Bn 54.92 Bn 717.56 Mn 18.99
8 Rockwell Automation 51.78 Bn 51.35 Bn 1.13 Bn 20.23
9 Ingersoll Rand 32.99 Bn 31.71 Bn 792.40 Mn 15.70
10 Gates Industrial 6.83 Bn 6.05 Bn 338.00 Mn 14.76

Historic Data

Download Data
DateValue
Mar 28, 2026 14.76
Mar 28, 2026 14.76
Mar 28, 2026 14.76
Dec 31, 2025 21.01
Dec 31, 2025 21.01
Dec 31, 2025 21.01
Sep 27, 2025 6.43
Sep 27, 2025 6.43
Sep 27, 2025 6.43
Jun 28, 2025 20.95
Jun 28, 2025 20.95
Jun 28, 2025 20.95
Mar 29, 2025 26.87
Mar 29, 2025 26.87
Mar 29, 2025 26.87
Dec 28, 2024 53.13
Dec 28, 2024 53.13
Dec 28, 2024 53.13
Sep 28, 2024 20.23
Sep 28, 2024 20.23