Income Tax
Barnes Group Income Tax decreased by 3.5% to $23.88M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 143.6%, from $9.80M to $23.88M. Over 2 years (FY 2021 to FY 2023), Income Tax shows a downward trend with a -19.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.31M | $10.60M | $1.44M | $5.43M | $8.44M | $7.28M | $3.55M | $3.48M | $5.04M | $9.80M | $0.00 | $11.21M | $24.74M | $23.88M |
| QoQ Change | — | +27.7% | -86.4% | +276.4% | +55.4% | -13.8% | -51.2% | -2.2% | +44.9% | +94.5% | -100.0% | — | +120.7% | -3.5% |
| YoY Change | — | — | — | — | +1.7% | -31.4% | +146.3% | -36.0% | -40.3% | +34.7% | -100.0% | +222.3% | +391.0% | +143.6% |
Income Tax at Other Companies
Frequently Asked Questions
- What is Barnes Group's income tax?
- Barnes Group (B) reported income tax of $23.88M in Q3 2024.
- How has Barnes Group's income tax changed year-over-year?
- Barnes Group's income tax increased by 143.6% year-over-year, from $9.80M to $23.88M.
- What is the long-term trend for Barnes Group's income tax?
- Over 2 years (2021 to 2023), Barnes Group's income tax has grown at a -19.0% compound annual growth rate (CAGR), from $27.94M to $18.32M.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.