Tecogen (TGEN) Tax Rate (2018 - 2023)

Tecogen (TGEN) posted Tax Rate of 0.01% for Q4 2023, up 98.96% on a QoQ basis from 1.26% in Q2 2023.

Tecogen (TGEN) Tax Rate (2018 - 2023) Analysis & Trends

Tecogen's Tax Rate history runs 6 years deep, the most recent figure standing at 0.01% for Q4 2023.

  • Quarterly Tax Rate changed N/A year-over-year to 0.01% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 0.72% (down 4.0% YoY) and the FY2025 annual result came in at 0.25%, up 23.0% from the prior year.
  • Tax Rate was 0.01% for Q4 2023 at Tecogen, up from 1.26% in the prior quarter.
  • Across five years, Tax Rate topped out at 3.8% in Q1 2022 and bottomed at 4.81% in Q2 2019.
  • A 5-year average of 0.67% and a median of 0.25% in 2020 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2021 — Tax Rate surged 463 bps — and 2023, when it tumbled 536 bps.
  • Tecogen's Tax Rate stood at 0.1% in 2019, then plunged by 158 bps to 0.06% in 2020, then jumped by 1420 bps to 0.76% in 2021, then tumbled by 450 bps to 2.65% in 2022, then surged by 100 bps to 0.01% in 2023.
  • Business Quant data shows TGEN's Tax Rate at 0.01% in Q4 2023, 1.26% in Q2 2023, and 1.56% in Q1 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 11.00%
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 0.60%
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 22.59%
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 20.63%
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 3.86%
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn -409.26%
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 25.73%
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 22.01%
10 Tecogen 101.38 Mn 91.87 Mn 2.59 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2023 -0.01%
Dec 31, 2023 -0.01%
Dec 31, 2023 -0.01%
Jun 30, 2023 -1.26%
Jun 30, 2023 -1.26%
Jun 30, 2023 -1.26%
Mar 31, 2023 -1.56%
Mar 31, 2023 -1.56%
Mar 31, 2023 -1.56%
Sep 30, 2022 -2.65%
Sep 30, 2022 -2.65%
Sep 30, 2022 -2.65%
Jun 30, 2022 -0.78%
Jun 30, 2022 -0.78%
Jun 30, 2022 -0.78%
Mar 31, 2022 3.80%
Mar 31, 2022 3.80%
Mar 31, 2022 3.80%
Dec 31, 2021 0.76%
Dec 31, 2021 0.76%