Gates Industrial Corporation plc (GTES)

GTES Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	3,416	3,408	3,570	3,554	3,474	2,793
Revenue Growth (YoY)	-0.75%	-4.54%	0.45%	2.30%	24.40%	-9.53%
Cost of Revenue	2,029	2,048	2,211	2,301	2,134	1,756
Gross Profit	1,387	1,360	1,359	1,253	1,341	1,037
Selling, General & Admin	874	864.6	866.8	853.2	852	767
Other Operating Expenses	-0.1	-	0.2	0.2	-9.3	-1
Operating Expenses	873.9	864.6	867	853.4	842.7	766
Operating Income	513.2	495.7	492.4	399.5	497.9	271.1
Interest Expense	-127.4	-155.8	-163.2	-139.4	-133.5	-154.3
Interest & Investment Income	9.4	13.7	17.5	-	-	-
Currency Exchange Gain (Loss)	7.9	13.7	-4.2	-	-	3.4
Other Non Operating Income (Expenses)	-25.7	-18.9	-53	13.2	-0.9	8.9
EBT Excluding Unusual Items	377.4	348.4	289.5	273.3	363.5	129.1
Merger & Restructuring Charges	-40.6	-14.5	-15.4	-15.5	-13.8	-58.1
Gain (Loss) on Sale of Assets	0.1	-12.7	-	-	-	-
Other Unusual Items	9.8	6.8	11.2	-	-	-
Pretax Income	356.7	328	285.3	257.8	349.7	71
Income Tax Expense	94.8	107.5	28.3	14.9	18.4	-19.3
Earnings From Continuing Operations	261.9	220.5	257	242.9	331.3	90.3
Earnings From Discontinued Operations	-0.8	-0.6	-0.6	-0.4	-	-0.3
Net Income to Company	261.1	219.9	256.4	242.5	331.3	90
Minority Interest in Earnings	-24.4	-25	-23.5	-21.7	-34.2	-10.6
Net Income	236.7	194.9	232.9	220.8	297.1	79.4
Net Income to Common	236.7	194.9	232.9	220.8	297.1	79.4
Net Income Growth	7.01%	-16.32%	5.48%	-25.68%	274.18%	-88.49%
Shares Outstanding (Basic)	256	259	272	284	292	291
Shares Outstanding (Diluted)	261	265	276	288	297	292
Shares Change (YoY)	-1.91%	-3.98%	-4.15%	-3.26%	1.77%	0.17%
EPS (Basic)	0.92	0.75	0.86	0.78	1.02	0.27
EPS (Diluted)	0.91	0.74	0.84	0.77	1.00	0.27
EPS Growth	9.34%	-11.95%	9.01%	-23.14%	271.78%	-88.64%
Free Cash Flow	321.5	296.5	419.8	188.2	304.7	250.8
Free Cash Flow Per Share	1.23	1.12	1.52	0.65	1.02	0.86
Gross Margin	40.60%	39.91%	38.08%	35.25%	38.59%	37.13%
Operating Margin	15.02%	14.54%	13.79%	11.24%	14.33%	9.71%
Profit Margin	6.93%	5.72%	6.52%	6.21%	8.55%	2.84%
Free Cash Flow Margin	9.41%	8.70%	11.76%	5.29%	8.77%	8.98%
EBITDA	726.4	712.6	709.9	616.7	720.5	489.7
EBITDA Margin	21.26%	20.91%	19.88%	17.35%	20.74%	17.53%
D&A For EBITDA	213.2	216.9	217.5	217.2	222.6	218.6
EBIT	513.2	495.7	492.4	399.5	497.9	271.1
EBIT Margin	15.02%	14.54%	13.79%	11.24%	14.33%	9.71%
Effective Tax Rate	26.58%	32.77%	9.92%	5.78%	5.26%	-
Advertising Expenses	-	15.6	14	16.8	12	6.7

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q