Gates Industrial Corp plcGTESEarnings & Financial Report
Gates Industrial Corporation plc, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. The company employs over 15,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle East.
GTES Q1 FY2026 Key Financial Metrics
Revenue
$851.1M
Gross Profit
$338.0M
Operating Profit
N/A
Net Profit
$66.2M
Gross Margin
39.7%
Operating Margin
N/A
Net Margin
7.8%
YoY Growth
1.1%
EPS
$0.24
Gates Industrial Corp plc Q1 FY2026 Financial Summary
Gates Industrial Corp plc reported revenue of $851.1M (up 1.1% YoY) for Q1 FY2026, with a net profit of $66.2M (down 3.7% YoY) (7.8% margin). Cost of goods sold was $513.1M.
Key Financial Metrics
| Total Revenue | $851.1M |
|---|---|
| Net Profit | $66.2M |
| Gross Margin | 39.7% |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Gates Industrial Corp plc Annual Revenue by Year
Gates Industrial Corp plc annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.4B).
Gates Industrial Corp plc Quarterly Revenue & Net Profit History
Gates Industrial Corp plc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $851.1M | +1.1% | $66.2M | 7.8% |
| Q4 FY2025 | $856.2M | +3.2% | $51.3M | 6.0% |
| Q3 FY2025 | $855.7M | +3.0% | $81.6M | 9.5% |
| Q2 FY2025 | $883.7M | -0.2% | $56.5M | 6.4% |
| Q1 FY2025 | $847.6M | -1.7% | $62.0M | 7.3% |
| Q4 FY2024 | $829.4M | -3.9% | $36.6M | 4.4% |
| Q3 FY2024 | $830.7M | -4.8% | $47.6M | 5.7% |
| Q2 FY2024 | $885.5M | -1.4% | $70.7M | 8.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $885.5M | $830.7M | $829.4M | $847.6M | $883.7M | $855.7M | $856.2M | $851.1M |
| YoY Growth | -1.4% | -4.8% | -3.9% | -1.7% | -0.2% | 3.0% | 3.2% | 1.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.03B | $7.12B | $6.79B | $6.89B | $7.22B | $7.15B | $7.15B | $7.12B |
| Liabilities | $3.54B | $3.66B | $3.45B | $3.46B | $3.61B | $3.43B | $3.46B | $3.39B |
| Equity | $3.18B | $3.11B | $3.02B | $3.10B | $3.27B | $3.37B | $3.33B | $3.37B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $93.8M | $115.9M | $190.9M | $7.3M | $103.0M | $98.0M | $269.8M | $30.2M |