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 251.14 Bn 242.11 Bn 1.78 Bn 6.94%
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 21.68%
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 19.21%
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 27.19%
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 22.07%
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn 20.58%
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 18.99%
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 20.23%
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 20.12%
10 Gates Industrial 6.51 Bn 6.08 Bn 338.00 Mn 14.76%

Historic Data

Download Data
DateValue
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%