What is Global Industrial's change in income taxes?

Global Industrial (GIC) reported change in income taxes of $5M in Q1 2026.

How has Global Industrial's change in income taxes changed year-over-year?

Global Industrial's change in income taxes increased by 13.6% year-over-year, from $4.4M to $5M.

What does change in income taxes mean?

Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.

Global Industrial GIC Change in Income Taxes

Change in Income Taxes at other companies

W.W. GraingerGWW

$173M+63.2%

FastenalFAST

$92.2M+30.0%

ITTITT

-$3.98M-894%

Other financials

Income statement

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Revenue$350.4M+9.2%

Gross profit$121.9M+8.7%

Operating income$20.6M+13.2%

Net income$16.6M+22.1%

EPS (diluted)$0.42+20.0%

Balance sheet

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Cash & equivalents$61.7M+58.2%

Total debt$99.2M+23.7%

Total equity$319.9M+11.1%

Total assets$581.1M+8.3%

Cash flow

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Operating cash flow$6.4M+88.2%

CapEx$800.0K+300%

Free cash flow$5.6M+75.0%

Valuation

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Market cap$1.28B+25.7%

Enterprise value$1.32B+24.4%

P/E17×+0.5×

P/S0.9×+0.1×

Profitability

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Gross margin35.5%+1.0pp

Operating margin7.1%+0.9pp

Net margin5.3%+0.7pp

FCF margin5.5%+2.0pp

Returns & leverage

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Return on equity24.7%+2.3pp

Debt / equity0.3×0.0×

Current ratio2.3×+0.2×

Where this comes from

Reported directly by Global Industrial in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable.

The official record: Global Industrial’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Global Industrial's change in income taxes?: Global Industrial (GIC) reported change in income taxes of $5M in Q1 2026.
How has Global Industrial's change in income taxes changed year-over-year?: Global Industrial's change in income taxes increased by 13.6% year-over-year, from $4.4M to $5M.
What does change in income taxes mean?: Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.