Gates Industrial (GTES) Tax Rate (2017 - 2026)
Gates Industrial's Tax Rate was -77.84% in Q2 2026, down 98.79 percentage points from 20.95% a year earlier and down 92.61 percentage points from the prior quarter.
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Analysis
Gates Industrial (GTES) Tax Rate (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Gates Industrial's Tax Rate was -13.19% through Jun 27, 2026, down 44.20 percentage points year-over-year; for FY2025, it was 18.55%, down 14.23 percentage points from FY2024.
- Tax Rate shows a four-year change of +13.29 percentage points (FY2021 to FY2025).
- In earlier years, Tax Rate was 32.77% in FY2024 (+22.86 pp), 9.92% in FY2023 (+4.14 pp), 5.78% in FY2022 (+0.52 pp) and 5.26% in FY2021.
- The Q2 2026 figure marks the lowest quarterly Tax Rate since Q1 2019.
- Compared with a year earlier, Tax Rate has declined for four straight quarters, with an average year-over-year change of -12.07 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q4 2024 (a gain of 49.78 percentage points); the worst was Q2 2026 (a drop of 98.79 percentage points).
- Per Business Quant data, GTES's Tax Rate in the three quarters before Q2 2026 was 14.76% (Q1 2026), 21.01% (Q4 2025) and 6.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 24.54% |
| 10 | Gates Industrial | 6.64 Bn | 3.90 Bn | 386.10 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 28, 2026 | 14.76% |
| Dec 31, 2025 | 21.01% |
| Sep 27, 2025 | 6.43% |
| Jun 28, 2025 | 20.95% |
| Mar 29, 2025 | 26.87% |
| Dec 28, 2024 | 53.13% |
| Sep 28, 2024 | 20.23% |
| Jun 29, 2024 | 13.64% |
| Mar 30, 2024 | 42.75% |
| Dec 30, 2023 | 3.35% |
| Sep 30, 2023 | 1.15% |
| Jul 1, 2023 | 11.87% |
| Apr 1, 2023 | 33.12% |
| Oct 1, 2022 | 16.91% |
| Jul 2, 2022 | 17.18% |
| Jan 1, 2022 | 15.43% |
| Oct 2, 2021 | 18.12% |
| Jul 3, 2021 | 9.91% |
| Apr 3, 2021 | 19.81% |
| Dec 28, 2019 | 6.96% |
API Access
Gates Industrial Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=GTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=GTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();