Mind Technology (MIND) Tax Rate (2010 - 2026)
Mind Technology (MIND) reported Tax Rate of 6.04% for Q1 2026, down 3045.0% year-over-year from 0.2% in Q1 2025, and down 106.56% quarter-over-quarter from 92.03% in Q4 2025.
Mind Technology (MIND) Tax Rate (2010 - 2026) Analysis & Trends
Mind Technology (MIND) has 17 years of Tax Rate data on file, last reported at 6.04% in Q1 2026.
- Tax Rate for Q1 2026 came in at 6.04%, down 3045.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 28.16% (down 5608.0% YoY), and the FY2026 annual result was 28.39%, down 5601.0% from the prior year.
- Tax Rate declined to 6.04% in Q1 2026 per MIND's latest filing, from 92.03% in the prior quarter.
- Over five years, Tax Rate peaked at 143.21% in Q2 2023 and troughed at 43.49% in Q2 2025.
- A 5-year average of 15.84% and a median of 1.36% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 15134 bps in 2023, then slumped 12277 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 1.36% in 2022, then plunged by 417 bps to 7.01% in 2023, then soared by 432 bps to 23.29% in 2024, then surged by 295 bps to 92.03% in 2025, then sank by 107 bps to 6.04% in 2026.
- Business Quant data shows MIND's Tax Rate at 6.04% in Q1 2026, 92.03% in Q4 2025, and 25.77% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 75.99 Bn | 74.70 Bn | 679.95 Mn | 1.45% |
| 2 | Keysight Technologies | 56.90 Bn | 54.72 Bn | 995.00 Mn | -41.92% |
| 3 | Garmin | 45.32 Bn | 42.62 Bn | 1.04 Bn | 14.27% |
| 4 | Teledyne Technologies | 28.36 Bn | 28.06 Bn | 673.80 Mn | 18.62% |
| 5 | Mks | 21.03 Bn | 20.46 Bn | 507.00 Mn | 17.65% |
| 6 | Fortive | 18.96 Bn | 18.61 Bn | 675.50 Mn | 16.63% |
| 7 | Trimble | 12.56 Bn | 12.32 Bn | 646.30 Mn | 24.68% |
| 8 | Cognex | 10.39 Bn | 10.09 Bn | 190.94 Mn | 16.28% |
| 9 | Esco Technologies | 7.65 Bn | 7.56 Bn | 131.32 Mn | 23.50% |
| 10 | Mind Technology | 50.54 Mn | 31.44 Mn | 3.99 Mn | -6.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -6.04% |
| Jan 31, 2026 | -6.04% |
| Oct 31, 2025 | 92.03% |
| Oct 31, 2025 | 92.03% |
| Jul 31, 2025 | 25.77% |
| Jul 31, 2025 | 25.77% |
| Apr 30, 2025 | -43.49% |
| Apr 30, 2025 | -43.49% |
| Jan 31, 2025 | 24.42% |
| Jan 31, 2025 | 24.42% |
| Oct 31, 2024 | 23.29% |
| Oct 31, 2024 | 23.29% |
| Jul 31, 2024 | 45.71% |
| Jul 31, 2024 | 45.71% |
| Apr 30, 2024 | 20.43% |
| Apr 30, 2024 | 20.43% |
| Jan 31, 2024 | -14.80% |
| Jan 31, 2024 | -14.80% |
| Oct 31, 2023 | -7.01% |
| Oct 31, 2023 | -7.01% |