Gentherm (THRM) Tax Rate (2010 - 2026)
Gentherm (THRM) posted Tax Rate of 39.65% for Q2 2026, down 11.1% on a QoQ basis from 44.6% in Q1 2026, and down 4153.0% year-over-year from 0.98% in Q2 2025.
Analysis
Gentherm (THRM) Tax Rate (2010 - 2026) Analysis & Trends
Gentherm has reported Tax Rate for 17 years, with the latest figure at 39.65% in Q2 2026.
- On a quarterly basis, Tax Rate fell 4153.0% year-over-year to 39.65% in Q2 2026; TTM through Jun 2026 was 27.91%, a 295.0% increase from a year earlier, with the FY2025 full-year figure at 28.51%, up 464.0% from the prior year.
- Tax Rate was 39.65% for Q2 2026 at Gentherm, down from 44.6% in the prior quarter.
- The five-year high for Tax Rate was 147.13% in Q2 2023, with the low at 17.75% in Q3 2024.
- Average Tax Rate over 5 years is 43.07%, with a median of 31.12% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 11147 bps in 2023, then plunged 11355 bps in 2024.
- Over 5 years, Tax Rate stood at 24.26% in 2022, then slipped by 8 bps to 22.42% in 2023, then climbed by 3 bps to 23.05% in 2024, then rose by 13 bps to 25.95% in 2025, then surged by 53 bps to 39.65% in 2026.
- The last three Tax Rate figures came in at 39.65% (Q2 2026), 44.6% (Q1 2026), and 25.95% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.63 Bn | 81.30 Bn | 2.68 Bn | 16.34% |
| 2 | Illinois Tool Works | 75.96 Bn | 75.12 Bn | 1.90 Bn | 24.54% |
| 3 | Ametek | 53.68 Bn | 53.19 Bn | 735.04 Mn | 17.36% |
| 4 | Rockwell Automation | 46.83 Bn | 46.35 Bn | 1.14 Bn | 13.19% |
| 5 | Mettler Toledo International | 25.77 Bn | 25.72 Bn | 650.22 Mn | 19.52% |
| 6 | Dover | 25.23 Bn | 23.47 Bn | 880.61 Mn | 19.38% |
| 7 | Nordson | 17.11 Bn | 17.00 Bn | 453.73 Mn | 17.80% |
| 8 | Fortive | 16.56 Bn | 16.19 Bn | 695.30 Mn | 12.37% |
| 9 | RBC Bearings | 15.05 Bn | 14.92 Bn | 247.80 Mn | 22.04% |
| 10 | Gentherm | 1.17 Bn | 957.95 Mn | 96.43 Mn | 39.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.65% |
| Mar 31, 2026 | 44.60% |
| Dec 31, 2025 | 25.95% |
| Sep 30, 2025 | 28.42% |
| Jun 30, 2025 | 81.18% |
| Mar 31, 2025 | 106.14% |
| Dec 31, 2024 | 23.05% |
| Sep 30, 2024 | 17.75% |
| Jun 30, 2024 | 33.58% |
| Mar 31, 2024 | 19.33% |
| Dec 31, 2023 | 22.42% |
| Sep 30, 2023 | 30.36% |
| Jun 30, 2023 | 147.13% |
| Mar 31, 2023 | 31.89% |
| Dec 31, 2022 | 24.26% |
| Sep 30, 2022 | 37.05% |
| Jun 30, 2022 | 35.66% |
| Mar 31, 2022 | 26.77% |
| Dec 31, 2021 | 9.64% |
| Sep 30, 2021 | 22.85% |