GTES · Gates Industrial Corp PLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $851.10M | - | $855.70M | $883.70M | $847.60M | - | $830.70M | $885.50M | $862.60M | - |
| Cost of Revenue | $513.10M | - | $514.10M | $523.50M | $503.00M | - | $494.90M | $528.10M | $532.60M | - |
| Gross Profit | $338.00M | - | $341.60M | $360.20M | $344.60M | - | $335.80M | $357.40M | $330.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $226.90M | - | $219.20M | $231.20M | $217.30M | - | $219.90M | $218.30M | $211.70M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $55.70M | - | $53.60M | $53.30M | $52.20M | - | $53.70M | $54.50M | $54.60M | - |
| Operating Income | $109.90M | - | $115.40M | $115.80M | $124.70M | - | $113.20M | $136.20M | $116.70M | - |
| Interest Expense | $29.90M | - | $34.90M | $28.80M | $37.50M | - | $35.10M | $49.10M | $37.50M | - |
| Income Tax | $11.50M | - | $6.10M | $16.80M | $25.20M | - | $14.00M | $12.30M | $34.50M | - |
| Net Income | $59.70M | - | $81.60M | $56.50M | $62.00M | - | $47.60M | $70.70M | $40.00M | - |
| EPS - Basic | $0.24 | - | $0.32 | $0.22 | $0.24 | - | $0.18 | $0.27 | $0.15 | - |
| EPS - Diluted | $0.23 | - | $0.31 | $0.22 | $0.24 | - | $0.18 | $0.26 | $0.15 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $785.30M | $812.10M | $689.40M | $719.70M | $640.20M | $682.00M | $574.40M | $579.70M | $522.20M | $720.60M |
| Accounts Receivable | $799.60M | $744.20M | $833.30M | $826.30M | $786.20M | $722.70M | $811.80M | $807.50M | $797.70M | $768.20M |
| Inventory | $685.70M | $700.00M | $718.10M | $729.00M | $700.70M | $676.00M | $724.60M | $696.50M | $677.20M | $647.20M |
| Accounts Payable | $396.90M | $433.70M | $385.30M | $411.30M | $417.00M | $408.20M | $427.50M | $441.30M | $451.40M | $457.70M |
| Current Assets | $2.49B | $2.48B | $2.48B | $2.52B | $2.37B | $2.31B | $2.40B | $2.38B | $2.29B | $2.40B |
| Total Assets | $7.12B | $7.15B | $7.15B | $7.22B | $6.89B | $6.79B | $7.12B | $7.03B | $7.05B | $7.25B |
| Current Liabilities | $678.50M | $735.40M | $705.40M | $729.30M | $710.40M | $721.50M | $795.60M | $763.40M | $747.90M | $779.30M |
| Long-term Debt | $2.20B | $2.20B | $2.20B | $2.30B | $2.31B | $2.31B | $2.34B | $2.31B | $2.31B | $2.42B |
| Total Liabilities | $3.39B | $3.46B | $3.43B | $3.61B | $3.46B | $3.45B | $3.66B | $3.54B | $3.55B | $3.71B |
| Stockholders' Equity | $3.37B | $3.33B | $3.37B | $3.27B | $3.10B | $3.02B | $3.11B | $3.18B | $3.18B | $3.22B |
| Retained Earnings | $1.67B | $1.65B | $1.67B | $1.59B | $1.54B | $1.48B | $1.57B | $1.52B | $1.45B | $1.46B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30.20M | - | - | - | $7.30M | - | - | - | ($21.00M) | - |
| Investing Cash Flow | ($27.20M) | - | - | - | ($31.00M) | - | - | - | ($19.50M) | - |
| Financing Cash Flow | ($25.10M) | - | - | - | ($24.60M) | - | - | - | ($148.90M) | - |
| CapEx | $16.70M | - | - | - | $17.50M | - | - | - | $16.00M | - |
| Free Cash Flow | $13.50M | - | - | - | ($10.20M) | - | - | - | ($37.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 39.7% | - | 39.9% | 40.8% | 40.7% | - | 40.4% | 40.4% | 38.3% | - |
| Operating margin | 12.9% | - | 13.5% | 13.1% | 14.7% | - | 13.6% | 15.4% | 13.5% | - |
| EBITDA margin | 19.5% | - | 19.7% | 19.1% | 20.9% | - | 20.1% | 21.5% | 19.9% | - |
| Net margin | 7.0% | - | 9.5% | 6.4% | 7.3% | - | 5.7% | 8.0% | 4.6% | - |
| Free cash flow margin | 1.6% | - | - | - | -1.2% | - | - | - | -4.3% | - |
| FCF / Net income | 0.23 | - | - | - | -0.16 | - | - | - | -0.93 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 26.7% | - | 25.6% | 26.2% | 25.6% | - | 26.5% | 24.7% | 24.5% | - |
| Effective tax rate | 16.2% | - | 7.0% | 22.9% | 28.9% | - | 22.7% | 14.8% | 46.3% | - |
| Return on assets | 0.8% | - | 1.1% | 0.8% | 0.9% | - | 0.7% | 1.0% | 0.6% | - |
| Return on equity | 1.8% | - | 2.4% | 1.7% | 2.0% | - | 1.5% | 2.2% | 1.3% | - |
| Return on invested capital | 1.7% | - | 1.9% | 1.6% | 1.6% | - | 1.6% | 2.1% | 1.1% | - |
| Liquidity | ||||||||||
| Current ratio | 3.67 | 3.37 | 3.52 | 3.46 | 3.33 | 3.20 | 3.02 | 3.11 | 3.06 | 3.08 |
| Quick ratio | 2.66 | 2.42 | 2.50 | 2.46 | 2.35 | 2.26 | 2.11 | 2.20 | 2.15 | 2.25 |
| Cash ratio | 1.16 | 1.10 | 0.98 | 0.99 | 0.90 | 0.95 | 0.72 | 0.76 | 0.70 | 0.92 |
| Leverage | ||||||||||
| Debt / Equity | 0.65 | 0.66 | 0.65 | 0.71 | 0.74 | 0.76 | 0.75 | 0.73 | 0.73 | 0.75 |
| Debt / Assets | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.34 | 0.33 | 0.33 | 0.33 | 0.33 |
| Debt / EBITDA | 13.27 | - | 13.04 | 13.63 | 13.05 | - | 14.03 | 12.11 | 13.50 | - |
| Interest coverage | 3.7x | - | 3.3x | 4.0x | 3.3x | - | 3.2x | 2.8x | 3.1x | - |
| Equity multiplier | 2.11 | 2.14 | 2.12 | 2.21 | 2.22 | 2.24 | 2.29 | 2.21 | 2.22 | 2.25 |
| Liabilities / Assets | 0.48 | 0.48 | 0.48 | 0.50 | 0.50 | 0.51 | 0.51 | 0.50 | 0.50 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | - | 0.12 | 0.12 | 0.12 | - | 0.12 | 0.13 | 0.12 | - |
| Inventory turnover | 0.75 | - | 0.72 | 0.72 | 0.72 | - | 0.68 | 0.76 | 0.79 | - |
| Days sales outstanding | 343d | - | 355d | 341d | 339d | - | 357d | 333d | 338d | - |
| Days inventory outstanding | 488d | - | 510d | 508d | 508d | - | 534d | 481d | 464d | - |
| Days payable outstanding | 282d | - | 274d | 287d | 303d | - | 315d | 305d | 309d | - |
| Cash conversion cycle | 548d | - | 592d | 563d | 544d | - | 576d | 509d | 492d | - |
| Valuation | ||||||||||
| P / E | 96.1x | - | 80.3x | 105.1x | 76.8x | - | 99.1x | 60.8x | 118.1x | - |
| P / B | 1.7x | - | 1.9x | 1.8x | 1.6x | - | 1.5x | 1.3x | 1.5x | - |
| P / S | 6.7x | - | 7.6x | 6.8x | 5.7x | - | 5.7x | 4.8x | 5.5x | - |
| EV / EBITDA | 42.8x | - | 47.5x | 45.0x | 36.7x | - | 38.7x | 31.2x | 38.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.4% | - | 3.0% | -0.2% | -1.7% | - | -4.8% | -5.4% | -3.9% | - |
| Revenue CAGR (3y) | -1.8% | - | -0.2% | -0.9% | -1.7% | - | -1.2% | -1.1% | -0.7% | - |
| Revenue CAGR (5y) | -0.7% | - | 3.7% | 8.9% | 3.6% | - | 2.2% | 1.8% | 1.4% | - |
| Gross profit growth (YoY) | -1.9% | - | 1.7% | 0.8% | 4.4% | - | -2.2% | 1.3% | 1.5% | - |
| Operating income growth (YoY) | -11.9% | - | 1.9% | -15.0% | 6.9% | - | -10.1% | 5.5% | 33.7% | - |
| Net income growth (YoY) | -3.7% | - | 71.4% | -20.1% | 55.0% | - | -39.5% | 8.9% | 51.5% | - |
| EPS growth (YoY) | -4.2% | - | 72.2% | -15.4% | 60.0% | - | -37.9% | 13.0% | 66.7% | - |
| EPS CAGR (3y) | 36.7% | - | 19.9% | 5.0% | 33.9% | - | -7.8% | -7.6% | -13.3% | - |
| EPS CAGR (5y) | 0.0% | - | 17.2% | - | 14.9% | - | 8.4% | 30.0% | -40.9% | - |
| FCF growth (YoY) | - | - | - | - | 72.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.5% | 10.3% | 8.3% | 2.9% | -2.4% | -6.1% | 0.6% | 3.5% | -1.1% | 3.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.44B totalPower Transmission Segment$2.15B · 62.4%
Fluid Power Segment$1.30B · 37.6%
Product / service
$2.15B totalAftermarket$1.42B · 66.2%
Original Equipment Manufacturer$725.70M · 33.8%
Geographic
$2.15B totalUS$603.00M · 28.1%
Restof EMEA$345.70M · 16.1%
CN$298.70M · 13.9%
East Asia And India$280.20M · 13.1%
LU$265.80M · 12.4%
North America Excluding United States$215.60M · 10.0%
South America$92.60M · 4.3%
GB$45.50M · 2.1%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment
Comparing Gates Industrial Corp plc against the 5 most active filers in the same SIC group.