$GTES Market Cap: $5.713 Billion
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Financial Snapshot

Revenue
$2.579B
TTM
Gross Margin
40.22%
TTM
Net Earnings
$158.3M
TTM
Current Assets
$2.306B
Q4 2024
Current Liabilities
$721.5M
Q4 2024
Current Ratio
319.61%
Q4 2024
Total Assets
$6.786B
Q4 2024
Total Liabilities
$3.446B
Q4 2024
Book Value
$3.340B
Q4 2024
Cash
$682.0M
Q4 2024
P/E
36.09
Nov 29, 2024 EST
Free Cash Flow
$115.4M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $3.408B $3.570B $3.474B $2.793B $2.793B $3.087B $3.348B $3.042B $2.747B $2.745B $3.042B
YoY Change -4.54% 2.76% 24.4% 0.0% -9.53% -7.78% 10.06% 10.73% 0.07% -9.77%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue $3.408B $3.570B $3.474B $2.793B $2.793B $3.087B $3.348B $3.042B $2.747B $2.745B $3.042B
Cost Of Revenue $2.050B $2.211B $2.135B $1.758B $1.756B $1.945B $2.017B $1.824B $1.686B $1.709B $2.015B
Gross Profit $1.359B $1.359B $1.339B $1.035B $1.037B $1.143B $1.331B $1.218B $1.061B $1.036B $1.027B
Gross Profit Margin 39.86% 38.06% 38.54% 37.05% 37.13% 37.01% 39.75% 40.04% 38.62% 37.74% 33.76%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Selling, General & Admin $870.0M $882.2M $852.7M $776.9M $768.9M $777.3M $805.8M $777.1M $737.7M $784.5M $815.7M
YoY Change -1.38% 3.46% 9.76% 1.04% -1.08% -3.54% 3.69% 5.34% -5.97% -3.82%
% of Gross Profit 64.04% 64.92% 63.67% 75.08% 74.14% 68.04% 60.56% 63.8% 69.54% 75.72% 79.43%
Research & Development $66.50M $66.00M $70.70M $67.20M $67.90M $71.40M $68.60M $68.50M
YoY Change 0.76% -6.65% 5.21% -4.9% 4.08% 0.15%
% of Gross Profit 4.9% 4.86% 5.28% 6.49% 5.94% 5.37% 5.63% 6.46%
Depreciation & Amortization $216.9M $217.5M $222.6M $218.6M $218.6M $222.2M $218.5M $212.2M $240.8M $269.9M $248.5M
YoY Change -0.28% -2.29% 1.83% 0.0% -1.62% 1.69% 2.97% -11.88% -10.78% 8.61%
% of Gross Profit 15.97% 16.01% 16.62% 21.13% 21.08% 19.45% 16.42% 17.42% 22.7% 26.05% 24.2%
Operating Expenses $936.5M $948.2M $923.4M $844.1M $767.9M $845.2M $877.2M $845.7M $806.2M $784.3M $810.2M
YoY Change -1.23% 2.69% 9.39% 9.92% -9.15% -3.65% 3.72% 4.9% 2.79% -3.2%
Operating Profit $478.7M $462.6M $484.1M $211.1M $269.2M $346.8M $496.8M $402.9M $305.3M $251.8M $216.8M
YoY Change 3.48% -4.44% 129.32% -21.58% -22.38% -30.19% 23.31% 31.97% 21.25% 16.14%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Interest Expense $163.2M $133.5M $154.3M -$144.7M $157.8M $175.9M $234.6M $216.3M -$212.6M -$173.1M
YoY Change 22.25% -13.48% -206.63% -191.7% -10.29% -25.02% 8.46% -201.74% 22.82%
% of Operating Profit 35.28% 27.58% 73.09% -53.75% 45.5% 35.41% 58.23% 70.85% -84.43% -79.84%
Other Income/Expense, Net $17.80M -$14.10M -$900.0K $14.20M $4.600M $9.800M -$17.40M -$58.80M $4.000M $69.70M $48.50M
YoY Change -226.24% 1466.67% -106.34% 208.7% -53.06% -156.32% -70.41% -1570.0% -94.26% 43.71%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Pretax Income $328.0M $285.3M $349.7M $71.00M $71.00M $198.8M $303.5M $109.5M $93.00M $41.50M -$125.0M
YoY Change 14.97% -18.42% 392.54% 0.0% -64.29% -34.5% 177.17% 17.74% 124.1% -133.2%
Income Tax $107.5M $28.30M $18.40M -$19.30M -$19.30M -$495.9M $31.80M -$72.50M $21.10M -$9.200M -$51.90M
% Of Pretax Income 32.77% 9.92% 5.26% -27.18% -27.18% -249.45% 10.48% -66.21% 22.69% -22.17%
Net Earnings $194.9M $232.9M $297.1M $79.40M $79.40M $690.1M $245.3M $151.3M $57.70M $24.90M -$142.1M
YoY Change -16.32% -21.61% 274.18% 0.0% -88.49% 181.33% 62.13% 162.22% 131.73% -117.52%
Net Earnings / Revenue 5.72% 6.52% 8.55% 2.84% 2.84% 22.35% 7.33% 4.97% 2.1% 0.91% -4.67%
Basic Earnings Per Share $0.75 $0.86 $1.02 $0.27 $2.38 $0.86 $0.62 $0.23
Diluted Earnings Per Share $0.74 $0.84 $1.00 $0.27 $0.27 $2.37 $0.84 $0.60 $0.23 $87.68K -$500.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Cash & Short-Term Investments $720.6M $658.2M $521.4M $521.4M $635.3M $423.4M $564.4M $529.8M $339.2M
YoY Change 9.48% 26.24% 0.0% -17.93% 50.05% -24.98% 6.53% 56.19%
Cash & Equivalents $720.6M $658.2M $521.4M $521.4M $635.3M $423.4M $564.4M $527.2M $335.7M
Short-Term Investments $2.600M $3.500M
Other Short-Term Assets $234.9M $210.7M $153.4M $153.4M $131.4M $104.1M $76.80M $68.60M $66.40M
YoY Change 11.49% 37.35% 0.0% 16.74% 26.22% 35.55% 11.95% 3.31%
Inventory $647.2M $682.6M $508.2M $508.2M $475.1M $537.6M $457.1M $366.9M $415.7M
Prepaid Expenses
Receivables $768.2M $708.1M $695.0M $695.0M $694.7M $742.3M $713.8M $650.5M $619.5M
Other Receivables $30.40M $19.10M $28.60M $28.60M $22.10M $7.200M $14.10M $8.900M $6.400M
Total Short-Term Assets $2.401B $2.279B $1.907B $1.907B $1.959B $1.815B $1.826B $1.625B $1.447B
YoY Change 5.38% 19.52% 0.0% -2.65% 7.94% -0.64% 12.4% 12.27%
Property, Plant & Equipment $750.1M $794.5M $825.9M $825.9M $850.9M $756.3M $686.2M $599.6M $660.6M
YoY Change -5.59% -3.8% 0.0% -2.94% 12.51% 10.22% 14.44% -9.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $1.600M $600.0K $6.100M $4.200M
YoY Change -100.0% 166.67% -90.16% 45.24%
Other Assets $659.8M $738.9M $758.5M $758.5M $642.3M $85.70M $95.70M $64.40M $75.40M
YoY Change -10.71% -2.58% 0.0% 18.09% 649.47% -10.45% 48.6% -14.59%
Total Long-Term Assets $4.853B $5.254B $5.520B $5.520B $5.453B $4.908B $5.028B $4.759B $5.118B
YoY Change -7.63% -4.81% 0.0% 1.23% 11.1% -2.38% 5.65% -7.03%
Total Assets $7.255B $7.533B $7.426B $7.426B $7.411B $6.723B $6.854B $6.383B $6.566B
YoY Change
Accounts Payable $457.7M $506.6M $417.4M $417.4M $374.7M $424.0M $392.0M $313.1M $274.0M
YoY Change -9.65% 21.37% 0.0% 11.4% -11.63% 8.16% 25.2% 14.27%
Accrued Expenses $139.8M $180.9M $251.4M $251.4M $178.9M $183.5M $201.2M $187.1M $174.4M
YoY Change -22.72% -28.04% 0.0% 40.53% -2.51% -8.8% 7.54% 7.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $300.0K $300.0K
YoY Change -100.0% 0.0%
Long-Term Debt Due $37.10M $39.20M $43.50M $43.50M $46.40M $51.60M $66.40M $46.70M $88.10M
YoY Change -5.36% -9.89% 0.0% -6.25% -10.08% -22.29% 42.18% -46.99%
Total Short-Term Liabilities $779.3M $855.9M $726.3M $726.3M $658.1M $679.0M $697.8M $579.5M $565.2M
YoY Change -8.95% 17.84% 0.0% 10.36% -3.08% -2.69% 20.41% 2.53%
Long-Term Debt $2.416B $2.529B $2.668B $2.668B $2.914B $2.953B $3.889B $3.791B $3.821B
YoY Change -4.45% -5.23% 0.0% -8.43% -1.34% -24.06% 2.58% -0.77%
Other Long-Term Liabilities $395.8M $383.3M $486.4M $486.4M $459.5M $317.0M $321.1M $291.8M $272.3M
YoY Change 3.26% -21.2% 0.0% 5.85% 44.95% -1.28% 10.04% 7.16%
Total Long-Term Liabilities $2.812B $2.912B $3.155B $3.155B $3.373B $3.270B $4.210B $4.083B $4.093B
YoY Change -3.44% -7.69% 0.0% -6.48% 3.14% -22.33% 3.12% -0.24%
Total Liabilities $4.034B $4.433B $4.621B $4.621B $4.760B $4.775B $5.839B $5.692B $5.779B
YoY Change -9.0% -4.05% 0.0% -2.93% -0.31% -18.22% 2.58% -1.51%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Basic Shares Outstanding
Diluted Shares Outstanding 264.7M shares 275.6M shares 297.3M shares 292.1M shares 291.6M shares 291.7M shares 250.5M shares 248.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $5.7133 Billion

About Gates Industrial Corp plc

Gates Industrial Corp. Plc is a holding company, which engages in the manufacture of engineered power transmission and fluid solutions. The company is headquartered in Denver, Colorado and currently employs 14,700 full-time employees. The company went IPO on 2018-01-25. The firm offers a portfolio of products to diverse replacement channel customers, and to original equipment (first-fit) manufacturers as specified components. Its segments include Power Transmission and Fluid Power. Its Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. Its power transmission solutions transfer power, convey materials, and provide motion control. Its Fluid Power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses. Its products play various roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries, such as agriculture, construction, manufacturing and energy, and others.

Industry: General Industrial Machinery & Equipment Peers: ALBANY INTERNATIONAL CORP /DE/ Hillenbrand, Inc. FLOWSERVE CORP ILLINOIS TOOL WORKS INC JBT Marel Corp MUELLER INDUSTRIES INC SPX Technologies, Inc.