Gates Industrial Corporation plc
NYSE:GTES · New York Stock Exchange
+$0.72 today
Vol 1.20M · Avg 2.15M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:GTES · Revenue to Net Income
Key Ratios
Analysis
$3.4B of revenue converted into $249.1M of net income for the selected period. Gross margin is 40.2% and net margin is 7.2%, showing how much revenue survives after costs and taxes. EPS is $0.97, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B +1.0% | $3.4B -4.5% | $3.6B +0.5% | $3.6B +2.3% | $3.5B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.0B -0.0% | $2.0B -7.3% | $2.2B -4.0% | $2.3B +7.9% | $2.1B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.4B +2.6% | $1.4B -0.0% | $1.4B +8.7% | $1.3B -6.6% | $1.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 40.5% +0.6pp | 39.9% +1.8pp | 38.1% +2.9pp | 35.2% -3.4pp | 38.5% | 9.8% | 28.9% | 38.3% |
| Research & Development | $71.9M | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $794.0M -8.7% | $870.0M -1.4% | $882.2M +3.3% | $853.7M +0.1% | $852.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $865.9M -1.6% | $879.8M -1.8% | $896.3M +3.4% | $866.6M +1.3% | $855.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $213.8M -1.4% | $216.9M -0.3% | $217.5M +0.1% | $217.2M -2.4% | $222.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $703.0M +3.7% | $677.6M +3.2% | $656.9M +6.9% | $614.4M -12.9% | $705.8M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 20.4% +0.5pp | 19.9% +1.5pp | 18.4% +1.1pp | 17.3% -3.0pp | 20.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $528.3M +10.4% | $478.7M +3.5% | $462.6M +20.5% | $384.0M -20.7% | $484.1M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.3% +1.3pp | 14.0% +1.1pp | 13.0% +2.2pp | 10.8% -3.1pp | 13.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $9.6M -29.9% | $13.7M -21.7% | $17.5M +386.1% | $3.6M +12.5% | $3.2M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $149.0M -12.6% | $170.4M -1.8% | $173.5M +19.5% | $145.2M +7.3% | $135.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$188.1M -24.8% | -$150.7M +15.0% | -$177.3M -40.5% | -$126.2M +6.1% | -$134.4M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $340.2M +3.7% | $328.0M +15.0% | $285.3M +10.7% | $257.8M -26.3% | $349.7M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 9.9% +0.3pp | 9.6% +1.6pp | 8.0% +0.7pp | 7.3% -2.8pp | 10.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $63.1M -41.3% | $107.5M +279.9% | $28.3M +89.9% | $14.9M -19.0% | $18.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $251.4M +29.0% | $194.9M -16.3% | $232.9M +5.5% | $220.8M -25.7% | $297.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.3% +1.6pp | 5.7% -0.8pp | 6.5% +0.3pp | 6.2% -2.3pp | 8.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +30.7% | $1 -12.8% | $1 +10.3% | $1 -23.5% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +29.7% | $1 -12.9% | $1 +10.4% | $1 -23.0% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $261.9M +0.8% | $259.9M -4.4% | $271.9M -4.3% | $284.1M -2.6% | $291.6M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $260.5M -1.1% | $263.4M -4.5% | $275.6M -4.2% | $287.6M -3.3% | $297.3M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
The Timken Company
NYSE:TKR
$9.87B
EnPro Industries, Inc.
NYSE:NPO
$7.85B
The Middleby Corporation
NASDAQ:MIDD
$7.60B
Kirby Corporation
NYSE:KEX
$7.46B
GATX Corporation
NYSE:GATX
$6.22B
SiteOne Landscape Supply, Inc.
NYSE:SITE
$4.97B
Franklin Electric Co., Inc.
NASDAQ:FELE
$4.63B
CSW Industrials, Inc.
NYSE:CSW
$4.55B
FTI Consulting, Inc.
NYSE:FCN
$4.40B
Mueller Water Products, Inc.
NYSE:MWA
$4.05B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GTES generate?
Gates Industrial Corporation plc (GTES) reported $3.44B of revenue in fiscal 2025.
Is GTES profitable?
Gates Industrial Corporation plc (GTES) reported $251.40M of net income, with a net margin of 7.3%.
Explore More
Continue the stock analysis
Jump to another research area for this company.