Tecogen (TGEN) Tax Rate (2018 - 2023)

Tecogen's (TGEN) quarterly Tax Rate came in at 0.01% in Q4 2023, up 98.96% on a QoQ basis from 1.26% in Q2 2023.

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

Tecogen (TGEN) has 6 years of Tax Rate data on file, last reported at 0.01% in 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 advanced to 0.01% in Q4 2023, from 1.26% in the prior quarter.
In the past five years, Tax Rate ranged from a high of 3.8% in Q1 2022 to a low of 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 plunged 536 bps.
Tracing TGEN's Tax Rate over 5 years: stood at 0.1% in 2019, then slumped by 158 bps to 0.06% in 2020, then surged by 1420 bps to 0.76% in 2021, then sank by 450 bps to 2.65% in 2022, then soared by 100 bps to 0.01% in 2023.
The last three Tax Rate figures came in at 0.01% (Q4 2023), 1.26% (Q2 2023), and 1.56% (Q1 2023), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Vertiv Holdings	101.35 Bn	98.24 Bn	1.23 Bn	19.71%
2	Bloom Energy	58.17 Bn	55.50 Bn	355.57 Mn	0.75%
3	nVent Electric	24.99 Bn	24.74 Bn	558.00 Mn	23.48%
4	Hubbell	24.90 Bn	24.51 Bn	613.00 Mn	20.25%
5	Advanced Energy Industries	11.37 Bn	9.96 Bn	236.10 Mn	18.17%
6	Acuity Inc. (De)	10.36 Bn	9.95 Bn	606.40 Mn	23.87%
7	Powell Industries	7.22 Bn	6.58 Bn	95.30 Mn	24.54%
8	EnerSys	6.93 Bn	6.40 Bn	313.36 Mn	13.75%
9	Hayward Holdings	3.18 Bn	2.70 Bn	155.05 Mn	23.02%
10	Tecogen	97.50 Mn	90.72 Mn	2.17 Mn	-

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