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| Date | Value |
|---|---|
| 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 |