Gates Industrial Corporation plc (GTES) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 851.1M | 856.2M | 855.7M | 883.7M | 847.6M | 829.4M | 830.7M | 885.5M | 862.6M | 863.3M | 872.9M | 936.3M | 897.7M | 893.3M | 860.7M | 906.8M | 893.4M | 815.6M | 862.4M | 915.1M |
| Revenue Growth % | 0.41% | 3.23% | 3.01% | -0.2% | -1.74% | -3.93% | -4.83% | -5.43% | -3.91% | -3.36% | 1.42% | 3.25% | 0.48% | 9.53% | -0.2% | -0.91% | 1.37% | 2.69% | 21.09% | 58.73% |
| Cost of Goods Sold | 513.1M | 512.9M | 514.1M | 523.5M | 503M | 494.1M | 494.9M | 528.1M | 532.6M | 525.6M | 529.5M | 583.6M | 572.6M | 583.3M | 551.2M | 580.6M | 588.5M | 529.3M | 521.7M | 548.4M |
| COGS % of Revenue | 60.29% | 59.9% | 60.08% | 59.24% | 59.34% | 59.57% | 59.58% | 59.64% | 61.74% | 60.88% | 60.66% | 62.33% | 63.79% | 65.3% | 64.04% | 64.03% | 65.87% | 64.9% | 60.49% | 59.93% |
| Gross Profit | 338M | 343.3M | 341.6M | 360.2M | 344.6M | 335.3M | 335.8M | 357.4M | 330M | 337.7M | 343.4M | 352.7M | 325.1M | 310M | 309.5M | 326.2M | 304.9M | 286.3M | 340.7M | 366.7M |
| Gross Margin % | 39.71% | 40.1% | 39.92% | 40.76% | 40.66% | 40.43% | 40.42% | 40.36% | 38.26% | 39.12% | 39.34% | 37.67% | 36.21% | 34.7% | 35.96% | 35.97% | 34.13% | 35.1% | 39.51% | 40.07% |
| Gross Profit Growth % | -1.92% | 2.39% | 1.73% | 0.78% | 4.42% | -0.71% | -2.21% | 1.33% | 1.51% | 8.94% | 10.95% | 8.12% | 6.63% | 8.28% | -9.16% | -11.04% | -11.75% | -5.14% | 24.52% | 80.2% |
| Operating Expenses | 226.9M | 206.4M | 226.2M | 244.4M | 219.9M | 222.7M | 222.6M | 224.1M | 213.3M | 217.4M | 217.5M | 223.6M | 237.8M | 210.9M | 205.7M | 213.5M | 236.5M | 210.4M | 210.2M | 217.6M |
| OpEx % of Revenue | 26.66% | 24.11% | 26.43% | 27.66% | 25.94% | 26.85% | 26.8% | 25.31% | 24.73% | 25.18% | 24.92% | 23.88% | 26.49% | 23.61% | 23.9% | 23.54% | 26.47% | 25.8% | 24.37% | 23.78% |
| Selling, General & Admin | 226.9M | 206.4M | 219.2M | 231.7M | 217.7M | 222M | 219.3M | 220.6M | 211M | 215.2M | 212.7M | 219.9M | 231.4M | 203.2M | 198.1M | 207.5M | 233.6M | 208.4M | 217.4M | 213.1M |
| SG&A % of Revenue | 26.66% | 24.11% | 25.62% | 26.22% | 25.68% | 26.77% | 26.4% | 24.91% | 24.46% | 24.93% | 24.37% | 23.49% | 25.78% | 22.75% | 23.02% | 22.88% | 26.15% | 25.55% | 25.21% | 23.29% |
| Research & Development | 0 | 71.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 8.4% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 700K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K |
| Operating Income | 109.9M | 136.9M | 115.4M | 115.8M | 124.7M | 112.6M | 113.2M | 133.3M | 116.7M | 120.3M | 125.9M | 129.1M | 87.3M | 99.1M | 103.8M | 112.7M | 68.4M | 75.9M | 130.5M | 149.1M |
| Operating Margin % | 12.91% | 15.99% | 13.49% | 13.1% | 14.71% | 13.58% | 13.63% | 15.05% | 13.53% | 13.93% | 14.42% | 13.79% | 9.72% | 11.09% | 12.06% | 12.43% | 7.66% | 9.31% | 15.13% | 16.29% |
| Operating Income Growth % | -11.87% | 21.58% | 1.94% | -13.13% | 6.86% | -6.4% | -10.09% | 3.25% | 33.68% | 21.39% | 21.29% | 14.55% | 27.63% | 30.57% | -20.46% | -24.41% | -46.81% | -11.12% | 104.23% | 4285.29% |
| EBITDA | 109.9M | 191.6M | 169M | 169.1M | 176.9M | 166.7M | 166.9M | 187.8M | 171.3M | 175.3M | 179.9M | 183.1M | 141.8M | 152.2M | 157M | 168.5M | 123.5M | 131.1M | 185.2M | 206M |
| EBITDA Margin % | 12.91% | 22.38% | 19.75% | 19.14% | 20.87% | 20.1% | 20.09% | 21.21% | 19.86% | 20.31% | 20.61% | 19.56% | 15.8% | 17.04% | 18.24% | 18.58% | 13.82% | 16.07% | 21.48% | 22.51% |
| EBITDA Growth % | -37.87% | 14.94% | 1.26% | -9.96% | 3.27% | -4.91% | -7.23% | 2.57% | 20.8% | 15.18% | 14.59% | 8.66% | 14.82% | 16.09% | -15.23% | -18.2% | -33.03% | -6.89% | 57.62% | 254.56% |
| D&A (Non-Cash Add-back) | 0 | 54.7M | 53.6M | 53.3M | 52.2M | 54.1M | 53.7M | 54.5M | 54.6M | 55M | 54M | 54M | 54.5M | 53.1M | 53.2M | 55.8M | 55.1M | 55.2M | 54.7M | 56.9M |
| EBIT | 0 | 136.9M | 129.7M | 107.3M | 121.9M | 120.7M | 102.6M | 122.4M | 115M | 107.6M | 123.8M | 123.2M | 84.8M | 119.8M | 98.9M | 102.6M | 65.9M | 72.5M | 126.7M | 149.6M |
| Net Interest Income | 0 | -36M | -39.3M | -31.9M | -32.2M | -36.2M | -38M | -47.5M | -35M | -37.1M | -34.7M | -44.2M | -41.8M | -41.5M | -34.4M | -33.3M | -32.4M | -32.4M | -32.6M | -33.2M |
| Interest Income | 0 | 2.7M | 2.1M | 2.6M | 2.2M | 2.5M | 2.8M | 2.7M | 5.7M | 8.3M | 4M | 3.2M | 2M | 1.5M | 600K | 700K | 800K | 800K | 900K | 500K |
| Interest Expense | 29.9M | 38.7M | 41.4M | 34.5M | 34.4M | 38.7M | 40.8M | 50.2M | 40.7M | 45.4M | 38.7M | 47.4M | 43.8M | 43M | 35M | 34M | 33.2M | 33.2M | 33.5M | 33.7M |
| Other Income/Expense | -32M | -65.5M | -20.6M | -35.6M | -30.9M | -24.7M | -44M | -43.1M | -36M | -48.7M | -39.3M | -48.2M | -41.1M | -15.5M | -36.4M | -41.1M | -33.2M | -34.1M | -35M | -32.1M |
| Pretax Income | 77.9M | 71.4M | 94.8M | 80.2M | 93.8M | 87.9M | 69.2M | 90.2M | 80.7M | 71.6M | 86.6M | 80.9M | 46.2M | 83.6M | 67.4M | 71.6M | 35.2M | 41.8M | 95.5M | 117M |
| Pretax Margin % | 9.15% | 8.34% | 11.08% | 9.08% | 11.07% | 10.6% | 8.33% | 10.19% | 9.36% | 8.29% | 9.92% | 8.64% | 5.15% | 9.36% | 7.83% | 7.9% | 3.94% | 5.13% | 11.07% | 12.79% |
| Income Tax | 11.5M | 15M | 6.1M | 16.8M | 25.2M | 46.7M | 14M | 12.3M | 34.5M | 2.4M | 1M | 9.6M | 15.3M | -6.6M | 11.4M | 12.3M | -2.2M | -29.4M | 17.3M | 11.6M |
| Effective Tax Rate % | 14.76% | 21.01% | 6.43% | 20.95% | 26.87% | 53.13% | 20.23% | 13.64% | 42.75% | 3.35% | 1.15% | 11.87% | 33.12% | -7.89% | 16.91% | 17.18% | -6.25% | -70.33% | 18.12% | 9.91% |
| Net Income | 59.7M | 51.3M | 81.6M | 56.5M | 62M | 36.6M | 47.6M | 70.7M | 40M | 62.9M | 78.7M | 64.9M | 26.4M | 84.9M | 51.9M | 53.1M | 30.9M | 62.7M | 70.2M | 96.9M |
| Net Margin % | 7.01% | 5.99% | 9.54% | 6.39% | 7.31% | 4.41% | 5.73% | 7.98% | 4.64% | 7.29% | 9.02% | 6.93% | 2.94% | 9.5% | 6.03% | 5.86% | 3.46% | 7.69% | 8.14% | 10.59% |
| Net Income Growth % | -3.71% | 40.16% | 71.43% | -20.08% | 55% | -41.81% | -39.52% | 8.94% | 51.52% | -25.91% | 51.64% | 22.22% | -14.56% | 35.41% | -26.07% | -45.2% | -54.09% | 158.02% | 67.54% | 532.59% |
| Net Income (Continuing) | 0 | 56.4M | 88.7M | 63.4M | 68.6M | 41.2M | 55.2M | 77.9M | 46.2M | 69.2M | 85.6M | 71.3M | 30.9M | 90.2M | 56M | 59.3M | 37.4M | 71.2M | 78.2M | 105.4M |
| Discontinued Operations | 0 | -100K | 100K | -300K | -300K | -100K | -100K | -300K | -100K | -100K | -100K | -100K | -300K | -100K | 0 | -200K | -100K | -100K | -200K | 400K |
| Minority Interest | 360.9M | 355.2M | 345.1M | 342.7M | 325.6M | 316.7M | 347.6M | 317.3M | 316.8M | 323.7M | 321.1M | 320.6M | 338.6M | 333.6M | 307.5M | 345.1M | 381.1M | 381.7M | 384.5M | 380.2M |
| EPS (Diluted) | 0.00 | 0.20 | 0.32 | 0.22 | 0.24 | 0.14 | 0.18 | 0.27 | 0.15 | 0.24 | 0.29 | 0.23 | 0.09 | 0.30 | 0.18 | 0.19 | 0.10 | 0.21 | 0.23 | 0.33 |
| EPS Growth % | -100% | 42.86% | 77.78% | -18.52% | 60% | -41.67% | -37.93% | 17.39% | 61.64% | -20% | 61.11% | 21.05% | -7.2% | 42.86% | -21.74% | -42.42% | -56.52% | 162.5% | 64.29% | 528.57% |
| EPS (Basic) | 0.00 | 0.20 | 0.32 | 0.22 | 0.24 | 0.14 | 0.18 | 0.27 | 0.15 | 0.24 | 0.30 | 0.24 | 0.09 | 0.30 | 0.18 | 0.19 | 0.11 | 0.21 | 0.24 | 0.33 |
| Diluted Shares Outstanding | 0 | 259.01M | 255M | 260.47M | 261.57M | 263.38M | 263.44M | 266.81M | 267.44M | 267.52M | 267.84M | 279.92M | 287.88M | 284.91M | 285.17M | 286.04M | 296.24M | 298.57M | 299.68M | 297.77M |
| Basic Shares Outstanding | 0 | 256.5M | 255M | 257.21M | 258.33M | 263.38M | 258.89M | 261.44M | 262.67M | 264.26M | 263.98M | 275.88M | 283.52M | 282.58M | 285.17M | 281.77M | 290.45M | 291.28M | 291.86M | 291.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |