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.

Price · GTES

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.44B	$3.41B	$3.57B	$3.55B	$3.47B	$2.79B
Cost of Revenue	$2.07B	$2.05B	$2.21B	$2.30B	$2.14B	$1.76B
Gross Profit	$1.37B	$1.36B	$1.36B	$1.25B	$1.34B	$1.03B
R&D	$71.90M	$66.50M	$66.00M	$69.40M	$70.70M	$67.20M
SG&A	$876.10M	$870.00M	$882.20M	$853.70M	$852.70M	$776.90M
Total Operating Expenses	-	-	-	-	-	-
D&A	$213.80M	$216.90M	$217.50M	$217.20M	$222.60M	$218.60M
Operating Income	$465.30M	$478.70M	$462.60M	$384.00M	$484.10M	$211.10M
Interest Expense	$125.90M	$139.40M	$163.20M	$139.40M	$133.50M	$154.30M
Income Tax	$63.10M	$107.50M	$28.30M	$14.90M	$18.40M	($19.30M)
Net Income	$251.40M	$194.90M	$232.90M	$220.80M	$297.10M	$79.40M
EPS - Basic	$0.98	$0.75	$0.86	$0.78	$1.02	$0.27
EPS - Diluted	$0.96	$0.74	$0.84	$0.77	$1.00	$0.27

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$812.10M	$682.00M	$720.60M	$578.40M	$658.20M	$521.40M
Accounts Receivable	$744.20M	$722.70M	$768.20M	$808.60M	$708.10M	$695.00M
Inventory	$700.00M	$676.00M	$647.20M	$656.20M	$682.60M	$508.20M
Accounts Payable	$433.70M	$408.20M	$457.70M	$469.60M	$506.60M	$417.40M
Current Assets	$2.48B	$2.31B	$2.40B	$2.28B	$2.28B	$1.91B
Total Assets	$7.15B	$6.79B	$7.25B	$7.19B	$7.53B	$7.43B
Current Liabilities	$735.40M	$721.50M	$779.30M	$752.30M	$855.90M	$726.30M
Long-term Debt	$2.20B	$2.31B	$2.42B	$2.43B	$2.53B	$2.67B
Total Liabilities	$3.46B	$3.45B	$3.71B	$3.75B	$4.05B	$4.24B
Stockholders' Equity	$3.33B	$3.02B	$3.22B	$3.11B	$3.10B	$2.81B
Retained Earnings	$1.65B	$1.48B	$1.46B	$1.48B	$1.44B	$1.15B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$478.10M	$379.60M	$481.00M	$265.80M	$382.40M	$309.00M
Investing Cash Flow	($119.00M)	($104.40M)	($81.80M)	($90.70M)	($86.00M)	($77.50M)
Financing Cash Flow	($251.10M)	($286.70M)	($258.30M)	($253.10M)	($148.60M)	($353.80M)
CapEx	$73.20M	$83.10M	$61.20M	$77.60M	$77.70M	$58.20M
Free Cash Flow	$404.90M	$296.50M	$419.80M	$188.20M	$304.70M	$250.80M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	39.8%	39.9%	38.1%	35.2%	38.5%	37.0%
Operating margin	13.5%	14.0%	13.0%	10.8%	13.9%	7.6%
EBITDA margin	19.7%	20.4%	19.0%	16.9%	20.3%	15.4%
Net margin	7.3%	5.7%	6.5%	6.2%	8.6%	2.8%
Free cash flow margin	11.8%	8.7%	11.8%	5.3%	8.8%	9.0%
FCF / Net income	1.61	1.52	1.80	0.85	1.03	3.16
R&D / Revenue	2.1%	2.0%	1.8%	2.0%	2.0%	2.4%
SG&A / Revenue	25.4%	25.5%	24.7%	24.0%	24.5%	27.8%
Effective tax rate	20.1%	35.5%	10.8%	6.3%	5.8%	-32.1%
Return on assets	3.5%	2.9%	3.2%	3.1%	3.9%	1.1%
Return on equity	7.5%	6.4%	7.2%	7.1%	9.6%	2.8%
Return on invested capital	6.7%	5.8%	7.3%	6.5%	8.1%	3.9%
Liquidity
Current ratio	3.37	3.20	3.08	3.03	2.66	2.63
Quick ratio	2.42	2.26	2.25	2.15	1.86	1.93
Cash ratio	1.10	0.95	0.92	0.77	0.77	0.72
Leverage
Debt / Equity	0.66	0.76	0.75	0.78	0.82	0.95
Debt / Assets	0.31	0.34	0.33	0.34	0.34	0.36
Debt / EBITDA	3.23	3.32	3.55	4.04	3.58	6.20
Interest coverage	3.7x	3.4x	2.8x	2.8x	3.6x	1.4x
Equity multiplier	2.14	2.24	2.25	2.31	2.43	2.65
Liabilities / Assets	0.48	0.51	0.51	0.52	0.54	0.57
Efficiency
Asset turnover	0.48	0.50	0.49	0.49	0.46	0.38
Inventory turnover	2.96	3.03	3.42	3.51	3.13	3.46
Days sales outstanding	79d	77d	79d	83d	74d	91d
Days inventory outstanding	123d	120d	107d	104d	117d	105d
Days payable outstanding	76d	73d	76d	74d	87d	87d
Cash conversion cycle	126d	125d	110d	113d	104d	110d
Valuation
P / E	22.4x	27.8x	16.0x	14.8x	15.9x	47.3x
P / B	1.7x	1.8x	1.1x	1.1x	1.5x	1.3x
P / S	1.6x	1.6x	1.0x	0.9x	1.4x	1.3x
EV / EBITDA	10.3x	10.2x	7.9x	8.5x	9.3x	13.7x
Growth
Revenue growth (YoY)	1.0%	-4.5%	0.5%	2.3%	24.4%	-
Revenue CAGR (3y)	-1.1%	-0.6%	8.5%	-	-	-
Revenue CAGR (5y)	4.3%	-	-	-	-	-
Gross profit growth (YoY)	1.0%	-0.0%	8.7%	-6.6%	29.4%	-
Operating income growth (YoY)	-2.8%	3.5%	20.5%	-20.7%	129.3%	-
Net income growth (YoY)	29.0%	-16.3%	5.5%	-25.7%	274.2%	-
EPS growth (YoY)	29.7%	-11.9%	9.1%	-23.0%	270.4%	-
EPS CAGR (3y)	7.6%	-9.5%	46.0%	-	-	-
EPS CAGR (5y)	28.9%	-	-	-	-	-
FCF growth (YoY)	36.6%	-29.4%	123.1%	-38.2%	21.5%	-
FCF CAGR (5y)	10.1%	-	-	-	-	-
Book value growth (YoY)	10.3%	-6.1%	3.5%	0.3%	10.5%	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$3.44B total

Power Transmission Segment$2.15B · 62.4%

Fluid Power Segment$1.30B · 37.6%

Product / service

$2.15B total

Aftermarket$1.42B · 66.2%

Original Equipment Manufacturer$725.70M · 33.8%

Geographic

$2.15B total

US$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%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.46

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✓No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: General Industrial Machinery & Equipment

Company	Revenue (last FY)	Net margin	ROE
ZWS	$1.70B	11.7%	12.3%
ZBRA	$5.40B	7.8%	11.7%
IR	$7.65B	7.6%	5.8%
ITW	$16.04B	19.1%	95.0%
GHM	$209.90M	5.8%	10.2%

Comparing Gates Industrial Corp plc against the 5 most active filers in the same SIC group.