Gates Industrial Quarterly Income Statement
NYSE: GTESIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Gates Industrial revenue and earnings
In the quarter ended Jun 27, 2026, Gates Industrial generated $941.6 million in revenue, up 6.6% from the same quarter a year earlier. Net income was $170.9 million (+202.5% year over year), for a net margin of 18.1% versus a median of 7.0% in the prior 5 quarters. Gross margin was 41.0% (up from 40.8%) and operating margin 14.0%.
Diluted earnings per share came in at $0.67, up from $0.22.
Summary generated from market data by MetaCap's automated system. Methodology
Gates Industrial income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-27 | Q1 20262026-03-28 | Q4 20252025-12-31 | Q3 20252025-09-27 | Q2 20252025-06-28 | Q1 20252025-03-29 | Q4 20242024-12-28 | Q3 20242024-09-28 | Q2 20242024-06-29 | Q1 20242024-03-30 | Q4 20232023-12-30 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 941.60M | 851.10M | 856.20M | 855.70M | 883.70M | 847.60M | 829.40M | 830.70M | 885.50M | 862.60M | 863.30M | 872.90M |
| Revenue growth (YoY) | +6.55% | +0.41% | +3.23% | +3.01% | -0.20% | -1.74% | -3.93% | -4.83% | -5.43% | -3.91% | -3.36% | +1.42% |
| Cost of Revenue | 555.50M | 513.10M | 530.90M | 514.10M | 523.50M | 503.00M | 494.10M | 494.90M | 528.10M | 532.60M | 525.60M | 529.50M |
| Gross Profit | 386.10M | 338.00M | 325.30M | 341.60M | 360.20M | 344.60M | 335.30M | 335.80M | 357.40M | 330.00M | 337.70M | 343.40M |
| Operating Expenses | 254.50M | 228.10M | 217.00M | 226.20M | 244.40M | 218.80M | 225.60M | 219.90M | 224.10M | 213.30M | 219.90M | 217.50M |
| Selling, General & Admin | 250.70M | 226.90M | 209.50M | 219.20M | 231.20M | 216.20M | 223.00M | 217.20M | 221.20M | 211.70M | 218.50M | 213.40M |
| Operating Income | 131.60M | 109.90M | 108.30M | 115.40M | 115.80M | 125.80M | 109.70M | 115.90M | 133.30M | 116.70M | 117.80M | 125.90M |
| Interest Expense | 30.00M | 29.90M | 32.60M | 34.90M | 28.80M | 29.60M | 34.10M | 35.10M | 49.10M | 37.50M | 38.40M | 39.50M |
| Other Income (Expense) | -1.40M | -2.10M | -4.30M | 14.30M | -6.80M | -2.40M | 12.20M | 1.20M | 6.00M | 1.50M | -7.80M | 200.00K |
| Pretax Income | 100.20M | 77.90M | 71.40M | 94.80M | 80.20M | 93.80M | 87.90M | 69.20M | 90.20M | 80.70M | 71.60M | 86.60M |
| Income Tax | -78.00M | 11.50M | 15.00M | 6.10M | 16.80M | 25.20M | 46.70M | 14.00M | 12.30M | 34.50M | 2.40M | 1.00M |
| Net Income | 170.90M | 59.70M | 51.30M | 81.60M | 56.50M | 62.00M | 36.60M | 47.60M | 70.70M | 40.00M | 62.90M | 78.70M |
| Net Income growth (YoY) | +202.48% | -3.71% | +40.16% | +71.43% | -20.08% | +55.00% | -41.81% | -39.52% | +8.94% | +51.52% | -25.91% | +51.64% |
| EPS (Basic) | 0.67 | 0.24 | 0.20 | 0.32 | 0.22 | 0.24 | 0.15 | 0.18 | 0.27 | 0.15 | 0.23 | 0.30 |
| EPS (Diluted) | 0.67 | 0.23 | 0.19 | 0.31 | 0.22 | 0.24 | 0.15 | 0.18 | 0.26 | 0.15 | 0.23 | 0.29 |
| Shares Outstanding (Diluted) | 256.14M | 256.87M | — | 261.56M | 260.47M | 261.57M | — | 263.44M | 266.81M | 267.44M | — | 267.84M |
| EBITDA | 188.70M | 165.60M | 163.00M | 169.00M | 169.10M | 178.00M | 163.80M | 169.60M | 187.80M | 171.30M | 172.80M | 179.90M |
| Gross Margin | 41.00% | 39.71% | 37.99% | 39.92% | 40.76% | 40.66% | 40.43% | 40.42% | 40.36% | 38.26% | 39.12% | 39.34% |
| Operating Margin | 13.98% | 12.91% | 12.65% | 13.49% | 13.10% | 14.84% | 13.23% | 13.95% | 15.05% | 13.53% | 13.65% | 14.42% |
| Net Margin | 18.15% | 7.01% | 5.99% | 9.54% | 6.39% | 7.31% | 4.41% | 5.73% | 7.98% | 4.64% | 7.29% | 9.02% |
This table shows 12 quarterly periods of Gates Industrial's income statement, from Q2 2026 back to Q3 2023, across 18 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?