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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›GTES›Financials
Annual statements · SEC XBRL · FY2017 – FY2025

Gates Industrial Corp plc (GTES) financials

Income statement

Gates Industrial Corp plc (GTES) income statement, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2021FY2022FY2023FY2024FY2025
Revenue—$3.35B$3.09B$2.79B$3.55B$3.57B$3.41B$3.44B
Revenue growth——-7.8%-9.5%27.3%0.5%-4.5%1.0%
Gross profit—$1.33B$1.14B$1.03B$1.25B$1.36B$1.36B$1.37B
Gross margin—39.7%37.0%37.0%35.2%38.1%39.9%39.8%
Operating income—$497M$347M$211M$384M$460M$472M$465M
Operating margin—14.8%11.2%7.6%10.8%12.9%13.9%13.5%
Net income—$245M$690M$79.4M$221M$233M$195M$251M
Net margin—7.3%22.4%2.8%6.2%6.5%5.7%7.3%
EPS (diluted)—$0.84$2.37$0.27$0.77$0.84$0.74$0.96

Cash flow

Gates Industrial Corp plc (GTES) cash flow, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2021FY2022FY2023FY2024FY2025
Operating cash flow—$314M$349M$309M$266M$481M$380M$478M
Capital expenditures—$166M$72.1M$58.2M$77.6M$61.2M$83.1M$73.2M
Free cash flow—$147M$277M$251M$188M$420M$297M$405M
Share buybacks——$0.00$0.00$176M$252M$176M$119M

Balance sheet

Gates Industrial Corp plc (GTES) balance sheet, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$564M$423M$635M$521M$578M$721M$682M$812M
Total assets$6.85B$6.72B$7.41B$7.43B$7.19B$7.25B$6.79B$7.15B
Total liabilities$5.43B$4.39B$4.40B$4.24B$3.75B$3.71B$3.45B$3.46B
Long-term debt$3.89B$2.95B$2.91B$2.67B$2.43B$2.42B$2.31B$2.20B
Shareholders' equity$1.01B$1.95B$2.65B$2.81B$3.11B$3.22B$3.02B$3.33B
Retained earnings$137M$382M$1.07B$1.15B$1.48B$1.46B$1.48B$1.65B
Shares (wtd avg diluted)245M292M292M292M288M276M265M261M

Every figure is extracted from Gates Industrial Corp plc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Gates Industrial Corp plc's annual revenue?
Gates Industrial Corp plc (GTES) reported $3.44B of revenue for fiscal year 2025 — up 1.0% from $3.41B in FY2024, per its annual report filed with the SEC.
Is Gates Industrial Corp plc profitable?
Yes — GTES earned $251M of net income in FY2025, a 7.3% net margin, per SEC filings.
What is Gates Industrial Corp plc's free cash flow?
$405M in FY2025 (operating cash flow $478M minus $73.2M of capital expenditures), from the SEC cash-flow statement.
Does GTES pay a dividend?
Gates Industrial Corp plc reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full GTES analysis — verdict, score & filings →Is GTES a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.