Gates Industrial Corporation plc (GTES) — Financial statements
Income statement, balance sheet, and cash flow for Gates Industrial Corporation plc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,443↑1.0% | 3,408↓4.5% | 3,570↑0.5% | 3,554↑2.3% | 3,474 | |
| Cost of Revenue | 2,049↓0.0% | 2,050↓7.3% | 2,211↓4.0% | 2,304↑7.9% | 2,135 | |
| Gross Profit | 1,394↑2.6% | 1,359↓0.0% | 1,359↑8.7% | 1,251↓6.6% | 1,339 | |
| Operating Expenses | ||||||
| R&D Expenses | 72 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 794↓8.7% | 870↓1.4% | 882↑3.3% | 854↑0.1% | 853 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 794↓8.7% | 870↓1.4% | 882↑3.3% | 854↑0.1% | 853 | |
| Other Expenses | 0.00↓100.0% | 10↓30.5% | 14↑9.3% | 13↑437.5% | 2 | |
| Operating Expenses | 866↓1.6% | 880↓1.8% | 896↑3.4% | 867↑1.3% | 855 | |
| Total Costs & Expenses | 2,915↓0.5% | 2,930↓5.7% | 3,108↓2.0% | 3,170↑6.0% | 2,990 | |
| Operating Results | ||||||
| Operating Income | 528↑10.4% | 479↑3.5% | 463↑20.5% | 384↓20.7% | 484 | |
| Depreciation & Amortization | 214↓1.4% | 217↓0.3% | 218↑0.1% | 217↓2.4% | 223 | |
| EBITDA | 742↑9.5% | 678↑3.2% | 657↑6.9% | 614↓12.9% | 706 | |
| EBIT | 528↑14.7% | 461↑4.8% | 439↑10.6% | 397↓17.8% | 483 | |
| Interest & Other Income | ||||||
| Net Interest Income | -139↑11.0% | -157↓0.4% | -156↓10.2% | -142↓7.2% | -132 | |
| Interest Income | 10↓29.9% | 14↓21.7% | 18↑386.1% | 4↑12.5% | 3 | |
| Interest Expense | 149↓12.6% | 170↓1.8% | 174↑19.5% | 145↑7.3% | 135 | |
| Non-Operating Income | 0.00↓100.0% | 18↓22.4% | 23↑275.8% | -13↓1566.7% | 0.90 | |
| Other Income / Expenses | -188↓24.8% | -151↑15.0% | -177↓40.5% | -126↑6.1% | -134 | |
| Income Before Tax | 340↑3.7% | 328↑15.0% | 285↑10.7% | 258↓26.3% | 350 | |
| Income Tax Expense | 63↓41.3% | 108↑279.9% | 28↑89.9% | 15↓19.0% | 18 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 277↑25.7% | 221↓14.2% | 257↑5.8% | 243↓26.7% | 331 | |
| Net Income from Discontinued Operations | -0.80↓33.3% | -0.60↑0.0% | -0.60↓50.0% | -0.40 | 0.00 | |
| Net Income | 251↑29.0% | 195↓16.3% | 233↑5.5% | 221↓25.7% | 297 | |
| Bottom-Line Net Income | 252↑29.4% | 195↓16.3% | 233↑5.5% | 221↓25.7% | 297 | |
| EPS (Basic) | 0.98↑30.7% | 0.75↓12.8% | 0.86↑10.3% | 0.78↓23.5% | 1.02 | |
| EPS (Diluted) | 0.96↑29.7% | 0.74↓12.9% | 0.85↑10.4% | 0.77↓23.0% | 1.00 | |
| Weighted Average Shares | 262↑0.8% | 260↓4.4% | 272↓4.3% | 284↓2.6% | 292 | |
| Weighted Average Diluted Shares | 261↓1.1% | 263↓4.5% | 276↓4.2% | 288↓3.3% | 297 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.