Tax
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
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
is_income_tax_expenseHistorical Data
14 periods
| 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% | +276.2% | +55.4% | -13.8% | -51.2% | -2.2% | +44.9% | +94.5% | -100.0% | — | +120.7% | -3.5% |
| YoY Change | — | — | — | — | +1.7% | -31.4% | +146.1% | -36.0% | -40.3% | +34.7% | -100.0% | +222.3% | +391.0% | +143.6% |
Range$0.00 – $24.74M
CAGR+38.4%
Avg YoY Growth+73.2%
Median YoY Growth+18.2%
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 amount of money a company sets aside to pay its corporate income taxes.