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Gates Industrial Corporation GTES · USD

Industrials · US listing · 🇺🇸 United States

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25.31

+5.02%

Close of 9 Nov 2026, in USD

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At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$3.44bn

FY2016FY2025

Net income

$251.4m

FY2016FY2025

Free cash flow

$404.9m

FY2016FY2025

Shareholders' equity

$3.33bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$3.44bn$3.41bn$3.57bn$3.55bn$3.47bn$2.79bn$3.09bn$3.35bn$3.04bn$2.75bn
Gross profit$1.39bn$1.36bn$1.36bn$1.25bn$1.34bn$1.03bn$1.14bn$1.33bn$1.22bn$1.04bn
Research and development$71.9m—$66.0m$69.4m$70.7m$67.2m$67.9m$71.4m$68.6m$67.4m
Operating income$528.3m$478.7m$462.6m$384.0m$484.1m$225.3m$346.8m$496.8m$402.9m$255.0m
Net income$251.4m$194.9m$232.9m$220.8m$297.1m$79.4m$690.1m$245.3m$151.3m$24.9m
Diluted earnings per share0.970.740.870.771.000.262.370.830.530.09

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$7.15bn$6.79bn$7.25bn$7.19bn$7.53bn$7.43bn$7.41bn$6.72bn$6.85bn$6.57bn
Cash and short-term investments$812.1m$682.0m$720.6m$581.4m$660.9m$524.1m$635.3m$423.4m$564.4m$339.2m
Total liabilities$3.46bn$3.45bn$3.71bn$3.75bn$4.05bn$4.24bn$4.40bn$4.39bn$5.43bn$5.37bn
Debt$2.24bn$2.35bn$2.45bn$2.47bn$2.59bn$2.73bn$2.98bn$3.01bn$3.96bn$3.84bn
Shareholders' equity$3.33bn$3.02bn$3.22bn$3.11bn$3.10bn$2.81bn$2.65bn$1.95bn$1.01bn$786.3m
Shares outstanding259m263m268m285m299m304m292m295m284m284m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$478.1m$379.6m$481.0m$265.8m$382.4m$309.0m$348.9m$313.5m$313.5m$275.9m
Capital spending−$73.2m−$83.1m−$71.4m−$87.0m−$87.0m−$67.4m−$83.1m−$182.7m−$111.1m−$85.8m
Free cash flow$404.9m$296.5m$409.6m$178.8m$295.4m$241.6m$265.8m$130.8m$202.4m$190.1m
Dividends paid——−$100.0m−$28.7m−$26.0m−$19.0m−$28.8m−$35.2m−$100,000−$800,000

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$941.6m$851.1m$856.2m$855.7m$883.7m$847.6m$829.4m$830.7m
Gross profit$393.7m$340.5m$343.3m$346.3m$365.4m$344.8m$336.8m$341.1m
Operating income$148.3m$114.9m$110.1m$130.8m$137.3m$129.0m$118.2m$122.4m
Net income$171.1m$59.9m$51.3m$81.6m$56.5m$62.0m$36.6m$47.6m
Diluted earnings per share0.670.230.200.310.220.240.140.18
Cash from operations$78.0m$30.0m$269.0m$98.0m$103.0m$7.0m$190.0m$115.0m
Capital spending−$18.0m−$16.0m−$18.0m−$24.0m−$19.0m−$26.0m−$33.0m−$28.0m
Free cash flow$60.0m$14.0m$251.0m$74.0m$84.0m−$19.0m$157.0m$87.0m
Total assets$7.39bn$7.12bn$7.15bn$7.15bn$7.22bn$6.89bn$6.79bn$7.12bn
Cash and short-term investments$823.5m$785.3m$812.1m$689.4m$719.7m$640.2m$682.0m$574.4m
Debt$2.23bn$2.23bn$2.26bn$2.20bn$2.30bn$2.31bn$2.31bn$2.34bn
Shareholders' equity$3.52bn$3.37bn$3.33bn$3.37bn$3.27bn$3.10bn$3.02bn$3.11bn

Financial ratios

Data as of 10 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin40.5%39.9%38.1%35.2%38.5%37.0%—
Operating margin14.2%13.5%13.0%11.2%13.9%8.1%—
Net margin7.3%5.7%6.5%6.2%8.6%2.8%—
Return on equity7.5%6.4%7.2%7.1%9.6%2.8%—
Return on assets3.5%2.9%3.2%3.1%3.9%1.1%—
Free cash flow yield8.0%6.6%7.7%4.6%5.9%4.6%—
Revenue growth1.0%-4.5%0.5%2.3%24.4%-9.5%—
Earnings growth29.0%-16.3%5.5%-25.7%274.2%-88.5%—
Current ratio3.37x3.20x3.08x3.03x2.66x2.63x—
Debt to equity0.68x0.78x0.76x0.80x0.83x0.97x—
Equity ratio46.6%44.6%44.4%43.2%41.1%37.8%—
Interest coverage3.28x2.70x2.83x2.74x3.57x1.43x—
R&D as a share of sales2.1%—1.8%2.0%2.0%2.4%2.2%
Buybacks as a share of market value1.7%1.5%6.1%4.6%1.7%-4.1%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.1%4.3%1.2%
Operating income11.2%18.6%—
Net income4.4%25.9%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin40.2%38.4%38.2%38.0%
Operating margin14.7%13.3%12.7%11.4%
Net margin6.5%6.4%6.3%6.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings22.127.815.414.716.048.85.815.9
Price to sales1.61.61.00.91.41.41.31.2

Market value over time

31 Jan 2018 to 9 Oct 2026, in USD

$4.90bn$6.83bn

Share price return

Finished calendar years

20252024202320222021202020192018
Return3%64%16%-25%11%-2%3%-30%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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