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.
Revenue
$885.5M
Gross Profit
$357.4M
Operating Profit
$136.2M
Net Profit
$70.7M
Gross Margin
40.4%
Operating Margin
15.4%
Net Margin
8.0%
YoY Growth
-1.4%
EPS
$0.26
Gates Industrial Corp plc Q2 FY2024 Financial Summary
Gates Industrial Corp plc reported revenue of $885.5M (down 1.4% YoY) for Q2 FY2024, with a net profit of $70.7M (up 167.8% YoY) (8.0% margin). Cost of goods sold was $528.1M, operating expenses totaled $221.2M.
Key Financial Metrics
| Total Revenue | $885.5M |
|---|---|
| Net Profit | $70.7M |
| Gross Margin | 40.4% |
| Operating Margin | 15.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Gates Industrial Corp plc Q2 FY2024 revenue of $885.5M breaks down across 4 segments, led by Power Transmission Segment at $541.9M (61.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Power Transmission Segment | $541.9M | 61.2% |
| Emerging Markets | $313.0M | 35.3% |
| Other | $20.8M | 2.3% |
| Affiliated Entity | $9.8M | 1.1% |
Gates Industrial Corp plc Revenue by Segment — Quarterly Trend
Gates Industrial Corp plc revenue by segment across the last 4 reported quarters, showing how each business line (such as Power Transmission Segment and Emerging Markets) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Power Transmission Segment | — | $536.5M | — | — |
| Affiliated Entity | — | — | $10.8M | $11.0M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.4B |
| 2024 | $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 |