GTES Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Revenue	3,443	3,408	3,570	3,554	3,474
Revenue Growth (YoY)	1.03%	-4.54%	0.45%	2.30%	24.40%
Cost of Revenue	2,049	2,026	2,204	2,301	2,134
Gross Profit	1,394	1,383	1,367	1,253	1,341
Selling, General & Admin	866	871.1	872.3	853.2	852
Other Operating Expenses	-	-	0.2	0.2	-9.3
Operating Expenses	866	871.1	872.5	853.4	842.7
Operating Income	528.2	511.5	494.2	399.5	497.9
Interest Expense	-125.9	-155.8	-163.2	-139.4	-133.5
Interest & Investment Income	9.6	13.7	-	-	-
Currency Exchange Gain (Loss)	-11.7	-0.2	-	-	-
Other Non Operating Income (Expenses)	-6.3	4.9	-13.8	11.1	-0.9
EBT Excluding Unusual Items	393.9	374.1	317.2	271.2	363.5
Merger & Restructuring Charges	-63.7	-33.5	-20.5	-13.4	-13.8
Gain (Loss) on Sale of Assets	-	-12.7	-	-	-
Other Unusual Items	-	0.1	-11.4	-	-
Pretax Income	340.2	328	285.3	257.8	349.7
Income Tax Expense	63.1	107.5	28.3	14.9	18.4
Earnings From Continuing Operations	277.1	220.5	257	242.9	331.3
Earnings From Discontinued Operations	-0.8	-0.6	-0.6	-0.4	-
Net Income to Company	276.3	219.9	256.4	242.5	331.3
Minority Interest in Earnings	-24.9	-25	-23.5	-21.7	-34.2
Net Income	251.4	194.9	232.9	220.8	297.1
Net Income to Common	251.4	194.9	232.9	220.8	297.1
Net Income Growth	28.99%	-16.32%	5.48%	-25.68%	274.18%
Shares Outstanding (Basic)	257	259	272	284	292
Shares Outstanding (Diluted)	261	265	276	288	297
Shares Change (YoY)	-1.56%	-3.98%	-4.15%	-3.26%	1.77%
EPS (Basic)	0.98	0.75	0.86	0.78	1.02
EPS (Diluted)	0.96	0.74	0.84	0.77	1.00
EPS Growth	29.71%	-11.95%	9.01%	-23.14%	271.78%
Free Cash Flow	404.9	296.5	419.8	188.2	304.7
Free Cash Flow Per Share	1.55	1.12	1.52	0.65	1.02
Gross Margin	40.49%	40.57%	38.28%	35.25%	38.59%
Operating Margin	15.34%	15.01%	13.84%	11.24%	14.33%
Profit Margin	7.30%	5.72%	6.52%	6.21%	8.55%
Free Cash Flow Margin	11.76%	8.70%	11.76%	5.29%	8.77%
EBITDA	742	728.4	711.7	616.7	720.5
EBITDA Margin	21.55%	21.37%	19.93%	17.35%	20.74%
D&A For EBITDA	213.8	216.9	217.5	217.2	222.6
EBIT	528.2	511.5	494.2	399.5	497.9
EBIT Margin	15.34%	15.01%	13.84%	11.24%	14.33%
Effective Tax Rate	18.55%	32.77%	9.92%	5.78%	5.26%
Advertising Expenses	16.5	15.6	14	16.8	12

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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