Gates Industrial Financial Statements
NYSE: GTESIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Gates Industrial revenue and earnings
In fiscal 2025, Gates Industrial generated $3.44 billion in revenue, up 1.0% from fiscal 2024. Net income was $251.4 million (+29.0% year over year), for a net margin of 7.3% versus a median of 6.2% in the prior 5 years. Gross margin was 39.8% (flat year over year) and operating margin 13.5%.
Diluted earnings per share came in at $0.96, up from $0.74. Over the last 5 fiscal years, GTES's revenue has grown at a 4.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Gates Industrial income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-28 | FY 20232023-12-30 | FY 20222022-12-31 | FY 20212022-01-01 | FY 20202021-01-02 | FY 20192019-12-28 | FY 20182018-12-29 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.44B | 3.41B | 3.57B | 3.55B | 3.47B | 2.79B | 3.09B | 3.35B |
| Revenue growth (YoY) | +1.03% | -4.54% | +0.45% | +2.30% | +24.40% | -9.53% | -7.78% | — |
| Cost of Revenue | 2.07B | 2.05B | 2.21B | 2.30B | 2.14B | 1.76B | 1.94B | 2.02B |
| Gross Profit | 1.37B | 1.36B | 1.36B | 1.25B | 1.34B | 1.03B | 1.14B | 1.33B |
| Operating Expenses | 906.40M | 886.30M | 898.80M | 866.60M | 855.10M | 823.60M | 795.70M | 833.80M |
| Research & Development | 71.90M | 66.50M | 66.00M | 69.40M | 70.70M | 67.20M | 67.90M | 71.40M |
| Selling, General & Admin | 876.10M | 876.50M | 884.70M | 853.70M | 852.70M | 776.90M | 777.30M | 805.80M |
| Operating Income | 465.30M | 472.20M | 460.10M | 384.00M | 484.10M | 211.10M | 346.80M | 496.80M |
| Interest Expense | 125.90M | 155.80M | 163.20M | 139.40M | 133.50M | 154.30M | 157.80M | 175.90M |
| Other Income (Expense) | 800.00K | 24.30M | -11.60M | 13.20M | -900.00K | 14.20M | 9.80M | -17.40M |
| Pretax Income | 340.20M | 328.00M | 285.30M | 257.80M | 349.70M | 71.00M | 198.80M | 303.50M |
| Income Tax | 63.10M | 107.50M | 28.30M | 14.90M | 18.40M | -19.30M | -495.90M | 31.80M |
| Net Income | 251.40M | 194.90M | 232.90M | 220.80M | 297.10M | 79.40M | 690.10M | 245.30M |
| Net Income growth (YoY) | +28.99% | -16.32% | +5.48% | -25.68% | +274.18% | -88.49% | +181.33% | — |
| EPS (Basic) | 0.98 | 0.75 | 0.86 | 0.78 | 1.02 | 0.27 | 2.38 | 0.86 |
| EPS (Diluted) | 0.96 | 0.74 | 0.84 | 0.77 | 1.00 | 0.27 | 2.37 | 0.84 |
| Shares Outstanding (Diluted) | 260.53M | 264.68M | 275.65M | 287.59M | 297.29M | 292.12M | 291.63M | 291.70M |
| EBITDA | 679.10M | 689.10M | 677.60M | 601.20M | 706.70M | 429.70M | 569.00M | 715.30M |
| Gross Margin | 39.84% | 39.86% | 38.06% | 35.19% | 38.54% | 37.05% | 37.01% | 39.75% |
| Operating Margin | 13.51% | 13.85% | 12.89% | 10.80% | 13.93% | 7.56% | 11.23% | 14.84% |
| Net Margin | 7.30% | 5.72% | 6.52% | 6.21% | 8.55% | 2.84% | 22.35% | 7.33% |
This table shows 8 annual periods of Gates Industrial's income statement, from FY 2025 back to FY 2018, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GTES's reporting calendar. What is a income statement?