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| Date | Value |
|---|---|
| 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% |