Gates Industrial (GTES) Financials

$20.95 -0.07 (-0.33%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$20.94 0.00 (-0.02%)

As of 05/23/2025 04:14 PM Eastern

Annual Income Statements for Gates Industrial

This table shows Gates Industrial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016
Net Income / (Loss) Attributable to Common Shareholders	195	233	221	297	79	690	245	151	58
Consolidated Net Income / (Loss)	220	256	243	331	90	694	271	183	84
Net Income / (Loss) Continuing Operations	221	257	243	331	90	695	272	182	72
Total Pre-Tax Income	328	285	258	350	71	199	304	110	93
Total Operating Income	479	463	384	484	211	347	497	403	305
Total Gross Profit	1,359	1,359	1,251	1,339	1,035	1,143	1,331	1,218	1,061
Total Revenue	3,408	3,570	3,554	3,474	2,793	3,087	3,348	3,042	2,747
Operating Revenue	3,408	3,570	3,554	3,474	2,793	3,087	3,348	3,042	2,747
Total Cost of Revenue	2,050	2,211	2,304	2,135	1,758	1,945	2,017	1,824	1,686
Operating Cost of Revenue	2,050	2,211	2,304	2,135	1,758	1,945	2,017	1,824	1,686
Total Operating Expenses	880	896	867	855	824	796	834	815	756
Selling, General & Admin Expense	870	882	854	853	777	777	806	777	738
Other Operating Expenses / (Income)	0.00	0.20	0.20	-9.30	-1.00	9.10	14	-0.30	2.80
Impairment Charge	0.00	0.10	1.10	0.60	5.20	0.70	0.60	2.80	3.20
Restructuring Charge	9.80	14	12	11	43	8.60	13	36	12
Total Other Income / (Expense), net	-151	-177	-126	-134	-140	-148	-193	-293	-212
Interest Expense	156	163	139	134	154	158	176	235	216
Interest & Investment Income	-13	0.00	0.00	-	-	-	-	-	-
Other Income / (Expense), net	18	-14	13	-0.90	14	9.80	-17	-59	4.00
Income Tax Expense	108	28	15	18	-19	-496	32	-73	21
Net Income / (Loss) Discontinued Operations	-0.60	-0.60	-0.40	0.00	-0.30	-0.60	-0.60	0.70	12
Net Income / (Loss) Attributable to Noncontrolling Interest	25	24	22	34	11	4.00	26	31	27
Basic Earnings per Share	$0.75	$0.86	$0.78	$1.02	$0.27	$2.38	$0.86	$0.62	$0.23
Weighted Average Basic Shares Outstanding	255.41M	264.27M	282.60M	291.35M	290.85M	290.47M	285.91M	245.52M	-
Diluted Earnings per Share	$0.74	$0.84	$0.77	$1.00	$0.27	$2.37	$0.84	$0.60	$0.23
Weighted Average Diluted Shares Outstanding	255.41M	264.27M	282.60M	291.35M	290.85M	290.47M	285.91M	245.52M	-
Weighted Average Basic & Diluted Shares Outstanding	255.41M	264.27M	282.60M	291.35M	290.85M	290.47M	285.91M	245.52M	-

This table shows Gates Industrial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	62	37	48	71	40	63	79	65	26	85	52
Consolidated Net Income / (Loss)	68	41	55	78	46	69	86	71	31	90	56
Net Income / (Loss) Continuing Operations	69	41	55	78	46	69	86	71	31	90	56
Total Pre-Tax Income	94	88	69	90	81	72	87	81	46	84	67
Total Operating Income	125	113	113	136	117	120	126	129	87	99	104
Total Gross Profit	345	335	336	357	330	338	343	353	325	310	310
Total Revenue	848	829	831	886	863	863	873	936	898	893	861
Operating Revenue	848	829	831	886	863	863	873	936	898	893	861
Total Cost of Revenue	503	494	495	528	533	526	530	584	573	583	551
Operating Cost of Revenue	503	494	495	528	533	526	530	584	573	583	551
Total Operating Expenses	220	223	223	221	213	217	218	224	238	211	206
Selling, General & Admin Expense	217	220	220	218	212	216	213	221	232	210	200
Impairment Charge	0.60	-	0.00	-	-	-	0.10	-	-	-	0.50
Restructuring Charge	2.00	2.70	2.70	2.80	1.60	1.40	3.90	2.80	5.70	1.20	5.40
Total Other Income / (Expense), net	-31	-25	-44	-46	-36	-49	-39	-48	-41	-16	-36
Interest Expense	30	34	35	49	38	38	40	45	41	41	33
Other Income / (Expense), net	-1.30	9.30	3.90	3.10	1.50	-10	0.20	-3.70	-0.30	25	-3.10
Income Tax Expense	25	47	14	12	35	2.40	1.00	9.60	15	-6.60	11
Net Income / (Loss) Discontinued Operations	-0.30	-0.10	-0.10	-0.30	-0.10	-0.10	-0.10	-0.10	-0.30	-0.10	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	6.30	4.50	7.50	6.90	6.10	6.20	6.80	6.30	4.20	5.20	4.10
Basic Earnings per Share	$0.24	$0.15	$0.18	$0.27	$0.15	$0.23	$0.30	$0.24	$0.09	$0.30	$0.18
Weighted Average Basic Shares Outstanding	257.77M	255.41M	254.72M	261.61M	261.38M	264.27M	264.11M	264.09M	285.03M	282.60M	282.45M
Diluted Earnings per Share	$0.24	$0.15	$0.18	$0.26	$0.15	$0.23	$0.29	$0.23	$0.09	$0.30	$0.18
Weighted Average Diluted Shares Outstanding	257.77M	255.41M	254.72M	261.61M	261.38M	264.27M	264.11M	264.09M	285.03M	282.60M	282.45M
Weighted Average Basic & Diluted Shares Outstanding	257.77M	255.41M	254.72M	261.61M	261.38M	264.27M	264.11M	264.09M	285.03M	282.60M	282.45M

This table details how cash moves in and out of Gates Industrial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016
Net Change in Cash & Equivalents	-39	143	-80	137	-113	212	-141	37	189
Net Cash From Operating Activities	380	481	266	382	309	349	314	320	377
Net Cash From Continuing Operating Activities	380	481	266	382	309	349	314	320	377
Net Income / (Loss) Continuing Operations	220	256	243	331	90	694	271	183	84
Consolidated Net Income / (Loss)	220	256	243	331	90	694	271	183	84
Depreciation Expense	217	218	217	223	219	222	219	212	241
Non-Cash Adjustments To Reconcile Net Income	-19	-7.20	37	45	33	18	51	103	8.30
Changes in Operating Assets and Liabilities, net	-38	14	-231	-217	-33	-586	-227	-178	43
Net Cash From Investing Activities	-104	-82	-91	-86	-78	-78	-244	-227	-68
Net Cash From Continuing Investing Activities	-104	-82	-91	-86	-78	-78	-244	-227	-68
Purchase of Property, Plant & Equipment	-83	-61	-78	-78	-58	-72	-166	-101	-59
Acquisitions	-24	-10	-9.40	-9.30	-9.20	-11	-68	-121	-9.10
Purchase of Investments	-11	0.00	0.00	-	-	-	-	-	-
Sale of Property, Plant & Equipment	12	1.20	0.00	0.00	-	-	-	-	5.20
Divestitures	-13	0.00	0.00	-	-	-	-	-	-
Sale and/or Maturity of Investments	5.00	0.00	0.00	-	-	-	-	-	-
Other Investing Activities, net	9.10	-12	-3.70	1.00	-10	5.10	-10	-5.20	-5.00
Net Cash From Financing Activities	-287	-258	-253	-149	-354	-59	-199	-75	-111
Net Cash From Continuing Financing Activities	-287	-258	-253	-149	-354	-59	-199	-75	-111
Repayment of Debt	-1,953	-107	-709	-103	-332	-601	-961	-696	-71
Repurchase of Common Equity	-176	-252	-176	-11	0.00	0.00	-8.60	-3.90	-2.00
Payment of Dividends	-13	-18	-29	-27	-19	-29	-35	-25	-39
Issuance of Debt	1,840	100	645	-13	-6.40	569	5.70	648	0.10
Issuance of Common Equity	15	19	16	4.60	3.10	1.80	800	0.60	1.10
Effect of Exchange Rate Changes	-28	1.70	-1.50	-	-	-	-12	-	-
Cash Interest Paid	133	155	119	121	136	151	158	198	199
Cash Income Taxes Paid	122	111	118	83	60	109	114	85	42

This table details how cash moves in and out of Gates Industrial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-42	107	-5.40	57	-198	164	-8.10	-30	16	183	2.10
Net Cash From Operating Activities	7.30	191	116	94	-21	189	108	131	53	247	101
Net Cash From Continuing Operating Activities	7.30	191	116	94	-21	189	108	131	53	247	101
Net Income / (Loss) Continuing Operations	68	41	55	78	46	69	86	71	31	90	56
Consolidated Net Income / (Loss)	68	41	55	78	46	69	86	71	31	90	56
Depreciation Expense	52	54	54	55	55	55	54	54	55	53	53
Non-Cash Adjustments To Reconcile Net Income	-4.50	-12	2.50	-4.80	-4.70	-54	15	15	16	-19	10
Changes in Operating Assets and Liabilities, net	-109	108	4.60	-34	-117	119	-47	-9.20	-49	123	-19
Net Cash From Investing Activities	-31	-24	-40	-21	-20	-24	-17	-11	-30	-19	-29
Net Cash From Continuing Investing Activities	-31	-24	-40	-21	-20	-24	-17	-11	-30	-19	-29
Purchase of Property, Plant & Equipment	-18	-23	-22	-22	-16	-22	-15	-13	-12	-19	-24
Acquisitions	-8.70	-10	-6.10	-5.30	-2.10	-2.60	-2.20	-2.60	-2.80	-2.70	-3.50
Sale of Property, Plant & Equipment	2.00	1.00	0.50	11	0.00	0.40	0.40	0.20	0.20	-	-
Other Investing Activities, net	-6.80	3.30	-0.10	7.30	-1.40	-	0.10	3.80	-16	2.10	-1.30
Net Cash From Financing Activities	-25	-33	-96	-8.70	-149	-17	-81	-158	-2.10	-76	-50
Net Cash From Continuing Financing Activities	-25	-33	-96	-8.70	-149	-17	-81	-158	-2.10	-76	-50
Repayment of Debt	-4.70	-27	-1.00	-1,820	-105	-0.10	-82	-20	-5.20	-664	-35
Repurchase of Common Equity	-13	-	-126	-	-50	-	-	-252	0.00	-0.10	-
Payment of Dividends	-2.30	-11	-	-	-	-18	-	-	-	-	-14
Issuance of Debt	5.10	-	30	1,807	3.80	-	-	108	-8.20	587	-1.50
Issuance of Common Equity	1.80	4.90	2.90	4.60	2.50	1.20	0.80	5.40	11	0.80	1.20
Other Financing Activities, net	-12	-	-	-	-	-	-	-	-	-	-
Other Net Changes in Cash	6.60	-	-	-7.30	-8.90	-	-	-	-4.10	-	-20
Cash Interest Paid	37	28	19	41	46	29	49	31	46	24	38
Cash Income Taxes Paid	20	34	27	25	37	40	23	21	27	20	29

This table presents Gates Industrial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017
Total Assets	6,786	7,255	7,192	7,533	7,426	7,411	6,723	6,854
Total Current Assets	2,306	2,401	2,277	2,279	1,907	1,959	1,815	1,826
Cash & Equivalents	682	721	578	658	521	635	423	564
Accounts Receivable	723	768	809	708	695	695	742	714
Inventories, net	676	647	656	683	508	475	538	457
Prepaid Expenses	197	235	221	211	153	131	104	77
Current Deferred & Refundable Income Taxes	29	30	13	19	29	22	7.20	14
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	686
Total Noncurrent Assets	4,480	4,853	4,914	5,254	5,520	5,453	4,908	4,341
Goodwill	1,909	2,039	1,981	2,063	2,120	2,061	2,046	2,086
Intangible Assets	1,249	1,386	1,490	1,642	1,789	1,876	1,991	2,127
Noncurrent Deferred & Refundable Income Taxes	574	641	615	655	699	610	33	33
Employee Benefit Assets	5.70	8.60	10	76	69	38	53	58
Other Noncurrent Operating Assets	743	779	817	819	843	868	786	39
Total Liabilities & Shareholders' Equity	6,786	7,255	7,192	7,533	7,426	7,411	6,723	6,854
Total Liabilities	3,446	3,711	3,748	4,052	4,241	4,401	4,389	5,425
Total Current Liabilities	722	779	752	856	726	658	679	698
Short-Term Debt	39	37	37	38	43	46	52	66
Accounts Payable	408	458	470	507	417	375	424	392
Accrued Expenses	251	249	223	277	252	189	184	210
Current Deferred & Payable Income Tax Liabilities	23	37	24	34	14	49	19	29
Total Noncurrent Liabilities	2,725	2,931	2,996	3,196	3,515	3,743	3,710	4,728
Long-Term Debt	2,312	2,415	2,426	2,527	2,666	2,912	2,953	3,889
Noncurrent Deferred & Payable Income Tax Liabilities	139	199	272	387	472	478	521	517
Noncurrent Employee Benefit Liabilities	78	84	76	106	143	151	156	157
Other Noncurrent Operating Liabilities	196	234	222	176	235	201	79	63
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,340	3,544	3,444	3,481	3,185	3,011	2,334	1,428
Total Preferred & Common Equity	3,024	3,220	3,110	3,100	2,806	2,651	1,947	1,015
Total Common Equity	3,024	3,220	3,110	3,100	2,806	2,651	1,947	1,015
Common Stock	2,621	2,586	2,545	2,487	2,460	2,437	2,420	1,625
Retained Earnings	1,480	1,462	1,483	1,438	1,151	1,072	382	137
Accumulated Other Comprehensive Income / (Loss)	-1,077	-829	-918	-825	-805	-858	-854	-747
Noncontrolling Interest	317	324	334	382	379	360	386	414

This table presents Gates Industrial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	10/1/2022
Total Assets	6,886	7,122	7,035	7,046	7,109	7,277	7,282	7,039
Total Current Assets	2,368	2,401	2,377	2,287	2,318	2,374	2,357	2,217
Cash & Equivalents	640	574	580	522	557	565	595	395
Accounts Receivable	786	812	808	798	822	875	840	805
Inventories, net	701	725	697	677	646	644	659	687
Prepaid Expenses	206	227	238	246	243	250	236	267
Current Deferred & Refundable Income Taxes	35	63	55	44	50	40	26	63
Plant, Property, & Equipment, net	584	0.00	0.00	619	0.00	0.00	640	0.00
Total Noncurrent Assets	3,934	4,721	4,658	4,140	4,791	4,903	4,286	4,822
Goodwill	1,934	1,997	1,967	2,013	1,984	2,018	2,015	1,905
Intangible Assets	1,233	1,295	1,309	1,347	1,400	1,439	1,470	1,492
Noncurrent Deferred & Refundable Income Taxes	591	662	626	626	623	634	622	546
Employee Benefit Assets	5.70	8.40	8.30	8.40	9.80	10	9.80	64
Other Noncurrent Operating Assets	171	759	748	146	775	802	168	815
Total Liabilities & Shareholders' Equity	6,886	7,122	7,035	7,046	7,109	7,277	7,282	7,039
Total Liabilities	3,458	3,664	3,541	3,551	3,697	3,886	3,729	3,795
Total Current Liabilities	710	796	763	748	780	798	738	747
Short-Term Debt	32	36	22	28	28	37	28	28
Accounts Payable	417	428	441	451	441	471	452	453
Accrued Expenses	223	265	239	224	243	238	229	217
Current Deferred & Payable Income Tax Liabilities	39	67	61	45	68	53	29	48
Total Noncurrent Liabilities	2,748	2,868	2,777	2,803	2,917	3,088	2,991	3,049
Long-Term Debt	2,308	2,342	2,310	2,313	2,418	2,521	2,423	2,467
Noncurrent Deferred & Payable Income Tax Liabilities	133	179	182	198	231	254	262	316
Noncurrent Employee Benefit Liabilities	76	78	79	82	72	74	75	91
Other Noncurrent Operating Liabilities	231	270	206	210	196	239	230	174
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,428	3,458	3,494	3,495	3,412	3,391	3,554	3,244
Total Preferred & Common Equity	3,102	3,110	3,177	3,179	3,091	3,070	3,215	2,936
Total Common Equity	3,102	3,110	3,177	3,179	3,091	3,070	3,215	2,936
Common Stock	2,619	2,609	2,604	2,593	2,578	2,576	2,563	2,536
Retained Earnings	1,542	1,570	1,523	1,452	1,399	1,321	1,509	1,398
Accumulated Other Comprehensive Income / (Loss)	-1,046	-942	-949	-866	-886	-826	-857	-998
Other Equity Adjustments	-13	-	-	-	-	-	-	-
Noncontrolling Interest	326	348	317	317	321	321	339	308

This table displays calculated financial ratios and metrics derived from Gates Industrial's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.54%	0.45%	2.30%	24.40%	-9.53%	-7.78%	10.06%	10.73%	0.00%
EBITDA Growth	7.12%	8.40%	-12.95%	59.00%	-23.31%	-17.07%	25.45%	1.13%	0.00%
EBIT Growth	10.70%	12.92%	-17.80%	114.47%	-36.82%	-25.62%	39.32%	11.25%	0.00%
NOPAT Growth	-22.77%	15.18%	-21.11%	70.82%	-77.85%	172.49%	-33.59%	183.71%	0.00%
Net Income Growth	-14.24%	5.73%	-26.80%	268.11%	-87.03%	156.03%	48.39%	116.73%	0.00%
EPS Growth	-11.90%	9.09%	-23.00%	270.37%	-88.61%	182.14%	40.00%	160.87%	0.00%
Operating Cash Flow Growth	-21.08%	80.96%	-30.49%	23.75%	-11.44%	11.29%	-2.00%	-15.08%	0.00%
Free Cash Flow Firm Growth	25.01%	11.56%	-4.90%	92.68%	-71.01%	127.23%	108.41%	0.00%	0.00%
Invested Capital Growth	-5.04%	-1.00%	-1.11%	0.29%	0.72%	8.51%	1.98%	0.00%	0.00%
Revenue Q/Q Growth	-0.98%	-0.83%	2.24%	0.62%	2.51%	-2.11%	0.31%	0.00%	0.00%
EBITDA Q/Q Growth	1.57%	-1.80%	8.38%	-2.14%	4.64%	-7.91%	6.29%	0.00%	0.00%
EBIT Q/Q Growth	2.46%	-3.05%	14.27%	-3.05%	9.26%	-12.15%	9.13%	0.00%	0.00%
NOPAT Q/Q Growth	-17.01%	0.96%	-3.26%	11.97%	-10.70%	3.26%	-27.46%	0.00%	0.00%
Net Income Q/Q Growth	-11.29%	-7.57%	8.50%	13.19%	8.56%	-7.60%	-14.96%	0.00%	0.00%
EPS Q/Q Growth	-9.76%	-7.69%	13.24%	13.64%	-3.57%	-6.32%	-20.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.42%	-10.71%	41.61%	-3.19%	-6.70%	10.27%	0.38%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	37.48%	3.24%	-9.02%	86.26%	-50.74%	2.67%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-4.80%	-0.49%	-0.29%	-0.83%	2.12%	-1.72%	-2.21%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	39.86%	38.06%	35.19%	38.54%	37.05%	37.01%	39.75%	40.04%	38.62%
EBITDA Margin	20.93%	18.65%	17.29%	20.31%	15.89%	18.75%	20.85%	18.29%	20.03%
Operating Margin	14.05%	12.96%	10.80%	13.93%	7.56%	11.23%	14.84%	13.25%	11.11%
EBIT Margin	14.57%	12.56%	11.18%	13.91%	8.07%	11.55%	14.32%	11.31%	11.26%
Profit (Net Income) Margin	6.45%	7.18%	6.82%	9.54%	3.22%	22.48%	8.10%	6.01%	3.07%
Tax Burden Percent	67.04%	89.87%	94.07%	94.74%	126.76%	349.14%	89.32%	166.85%	90.65%
Interest Burden Percent	66.06%	63.61%	64.90%	72.37%	31.51%	55.75%	63.31%	31.82%	30.07%
Effective Tax Rate	32.77%	9.92%	5.78%	5.26%	-27.18%	-249.45%	10.48%	-66.21%	22.69%
Return on Invested Capital (ROIC)	6.26%	7.86%	6.75%	8.52%	5.02%	23.65%	9.14%	27.79%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.26%	-1.01%	0.46%	2.30%	-2.90%	2.53%	3.32%	-0.93%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.13%	-0.52%	0.25%	1.41%	-2.11%	2.33%	5.28%	-2.21%	0.00%
Return on Equity (ROE)	6.39%	7.34%	7.00%	9.94%	2.91%	25.97%	14.41%	25.58%	0.00%
Cash Return on Invested Capital (CROIC)	11.43%	8.87%	7.87%	8.24%	4.30%	15.48%	7.17%	-172.21%	0.00%
Operating Return on Assets (OROA)	7.07%	6.21%	5.40%	6.46%	3.04%	5.05%	7.06%	5.02%	0.00%
Return on Assets (ROA)	3.13%	3.55%	3.29%	4.43%	1.21%	9.82%	3.99%	2.67%	0.00%
Return on Common Equity (ROCE)	5.79%	6.65%	6.28%	8.80%	2.56%	22.35%	11.35%	18.17%	0.00%
Return on Equity Simple (ROE_SIMPLE)	7.27%	7.96%	7.80%	10.69%	3.21%	26.18%	13.92%	18.01%	0.00%
Net Operating Profit after Tax (NOPAT)	322	417	362	459	268	1,212	445	670	236
NOPAT Margin	9.44%	11.67%	10.18%	13.20%	9.61%	39.26%	13.29%	22.02%	8.59%
Net Nonoperating Expense Percent (NNEP)	6.00%	8.87%	6.29%	6.22%	7.91%	21.11%	5.81%	28.72%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	5.65%	6.95%	6.13%	-	-	-	-	-	-
Cost of Revenue to Revenue	60.14%	61.94%	64.81%	61.46%	62.95%	62.99%	60.25%	59.96%	61.38%
SG&A Expenses to Revenue	25.53%	24.71%	24.02%	24.54%	27.82%	25.18%	24.07%	25.55%	26.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.81%	25.11%	24.38%	24.61%	29.49%	25.78%	24.91%	26.80%	27.50%
Earnings before Interest and Taxes (EBIT)	497	449	397	483	225	357	479	344	309
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	713	666	614	706	444	579	698	556	550
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.10	1.04	1.50	1.32	1.50	1.96	0.72	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.54	0.99	0.91	1.34	1.33	1.29	1.14	0.24	0.27
Price to Earnings (P/E)	27.01	15.22	14.60	15.63	46.73	5.76	15.57	4.83	12.68
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.70%	6.57%	6.85%	6.40%	2.14%	17.35%	6.42%	20.68%	7.89%
Enterprise Value to Invested Capital (EV/IC)	1.45	1.06	1.02	1.29	1.17	1.25	1.38	0.94	0.00
Enterprise Value to Revenue (EV/Rev)	2.13	1.57	1.53	2.00	2.25	2.16	2.03	1.49	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.16	8.41	8.86	9.82	14.14	11.51	9.73	8.16	0.00
Enterprise Value to EBIT (EV/EBIT)	14.60	12.48	13.70	14.35	27.86	18.68	14.16	13.18	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.53	13.44	15.04	15.12	23.38	5.50	15.26	6.77	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	19.10	11.64	20.47	18.13	20.31	19.09	21.65	14.18	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	12.34	11.91	12.91	15.65	27.29	8.39	19.44	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.69	0.72	0.74	0.85	0.98	1.29	2.77	0.00
Long-Term Debt to Equity	0.69	0.68	0.70	0.73	0.84	0.97	1.27	2.72	0.00
Financial Leverage	0.49	0.52	0.55	0.61	0.73	0.92	1.59	2.37	0.00
Leverage Ratio	2.04	2.07	2.13	2.24	2.39	2.64	3.61	4.80	0.00
Compound Leverage Factor	1.35	1.32	1.38	1.62	0.75	1.47	2.28	1.53	0.00
Debt to Total Capital	41.30%	40.89%	41.70%	42.42%	45.96%	49.56%	56.29%	73.47%	0.00%
Short-Term Debt to Total Capital	0.69%	0.61%	0.62%	0.63%	0.72%	0.77%	0.97%	1.23%	0.00%
Long-Term Debt to Total Capital	40.62%	40.28%	41.08%	41.79%	45.23%	48.79%	55.32%	72.24%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.57%	5.40%	5.65%	6.31%	6.44%	6.03%	7.24%	7.69%	0.00%
Common Equity to Total Capital	53.13%	53.71%	52.65%	51.27%	47.61%	44.41%	36.48%	18.84%	0.00%
Debt to EBITDA	3.29	3.68	4.01	3.63	6.10	5.11	4.31	7.11	0.00
Net Debt to EBITDA	2.34	2.60	3.07	2.70	4.93	4.01	3.70	6.10	0.00
Long-Term Debt to EBITDA	3.24	3.63	3.95	3.58	6.01	5.03	4.23	6.99	0.00
Debt to NOPAT	7.30	5.88	6.81	5.59	10.09	2.44	6.76	5.91	0.00
Net Debt to NOPAT	5.19	4.15	5.21	4.16	8.15	1.92	5.80	5.06	0.00
Long-Term Debt to NOPAT	7.18	5.80	6.71	5.51	9.93	2.40	6.64	5.81	0.00
Altman Z-Score	2.25	1.82	1.74	1.85	1.41	1.53	1.54	0.92	0.00
Noncontrolling Interest Sharing Ratio	9.30%	9.41%	10.33%	11.42%	11.93%	13.96%	21.27%	28.97%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	3.20	3.08	3.03	2.66	2.63	2.98	2.67	2.62	0.00
Quick Ratio	1.95	1.91	1.84	1.60	1.67	2.02	1.72	1.83	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	588	470	421	443	230	793	349	-4,150	0.00
Operating Cash Flow to CapEx	533.90%	801.67%	342.53%	492.15%	530.93%	483.91%	188.74%	316.42%	700.19%
Free Cash Flow to Firm to Interest Expense	3.77	2.88	3.02	3.32	1.49	5.03	1.98	-17.69	0.00
Operating Cash Flow to Interest Expense	2.44	2.95	1.91	2.86	2.00	2.21	1.78	1.36	1.74
Operating Cash Flow Less CapEx to Interest Expense	1.98	2.58	1.35	2.28	1.63	1.75	0.84	0.93	1.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.49	0.48	0.46	0.38	0.44	0.49	0.44	0.00
Accounts Receivable Turnover	4.57	4.53	4.69	4.95	4.02	4.30	4.60	4.26	0.00
Inventory Turnover	3.10	3.39	3.44	3.59	3.58	3.84	4.06	3.99	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.43	0.00
Accounts Payable Turnover	4.73	4.77	4.72	4.62	4.44	4.87	4.94	4.65	0.00
Days Sales Outstanding (DSO)	79.83	80.60	77.88	73.70	90.81	84.95	79.38	85.66	0.00
Days Inventory Outstanding (DIO)	117.81	107.57	106.06	101.78	102.06	95.04	90.00	91.49	0.00
Days Payable Outstanding (DPO)	77.10	76.53	77.34	78.98	82.21	74.96	73.83	78.46	0.00
Cash Conversion Cycle (CCC)	120.55	111.64	106.61	96.50	110.65	105.03	95.55	98.68	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	5,009	5,275	5,328	5,388	5,372	5,334	4,915	4,820	0.00
Invested Capital Turnover	0.66	0.67	0.66	0.65	0.52	0.60	0.69	1.26	0.00
Increase / (Decrease) in Invested Capital	-266	-53	-60	16	39	419	96	4,820	0.00
Enterprise Value (EV)	7,250	5,599	5,441	6,933	6,277	6,660	6,788	4,537	0.00
Market Capitalization	5,265	3,544	3,223	4,645	3,710	3,978	3,820	732	732
Book Value per Share	$11.87	$12.19	$11.01	$10.62	$9.65	$9.14	$6.72	$4.13	$0.00
Tangible Book Value per Share	($0.53)	($0.77)	($1.28)	($2.07)	($3.79)	($4.43)	($7.21)	($13.02)	$0.00
Total Capital	5,691	5,995	5,907	6,046	5,894	5,969	5,339	5,384	0.00
Total Debt	2,351	2,452	2,463	2,565	2,709	2,958	3,005	3,956	0.00
Total Long-Term Debt	2,312	2,415	2,426	2,527	2,666	2,912	2,953	3,889	0.00
Net Debt	1,669	1,731	1,885	1,906	2,187	2,323	2,582	3,391	0.00
Capital Expenditures (CapEx)	71	60	78	78	58	72	166	101	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	942	938	983	803	702	711	764	630	0.00
Debt-free Net Working Capital (DFNWC)	1,624	1,659	1,562	1,461	1,223	1,347	1,187	1,195	0.00
Net Working Capital (NWC)	1,585	1,622	1,525	1,423	1,180	1,301	1,136	1,128	0.00
Net Nonoperating Expense (NNE)	102	160	119	127	178	518	174	487	152
Net Nonoperating Obligations (NNO)	1,669	1,731	1,885	1,906	2,187	2,323	2,582	3,391	0.00
Total Depreciation and Amortization (D&A)	217	218	217	223	219	222	219	212	241
Debt-free, Cash-free Net Working Capital to Revenue	27.63%	26.27%	27.67%	23.10%	25.12%	23.04%	22.82%	20.73%	0.00%
Debt-free Net Working Capital to Revenue	47.64%	46.45%	43.94%	42.05%	43.79%	43.62%	35.46%	39.28%	0.00%
Net Working Capital to Revenue	46.49%	45.43%	42.91%	40.95%	42.26%	42.13%	33.92%	37.10%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.75	$0.86	$0.78	$1.02	$0.27	$2.38	$0.86	$0.62	$0.23
Adjusted Weighted Average Basic Shares Outstanding	255.41M	264.27M	282.60M	291.35M	290.85M	290.47M	289.89M	245.52M	0.00
Adjusted Diluted Earnings per Share	$0.74	$0.84	$0.77	$1.00	$0.27	$2.37	$0.84	$0.60	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	255.41M	264.27M	282.60M	291.35M	290.85M	290.47M	289.89M	245.52M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	255.41M	264.27M	282.60M	291.35M	290.85M	290.47M	289.89M	245.52M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	328	429	374	470	181	249	457	309	248
Normalized NOPAT Margin	9.64%	12.02%	10.52%	13.52%	6.49%	8.07%	13.65%	10.15%	9.01%
Pre Tax Income Margin	9.62%	7.99%	7.25%	10.07%	2.54%	6.44%	9.07%	3.60%	3.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.19	2.75	2.85	3.62	1.46	2.26	2.73	1.47	1.43
NOPAT to Interest Expense	2.07	2.55	2.60	3.44	1.74	7.68	2.53	2.85	1.09
EBIT Less CapEx to Interest Expense	2.73	2.38	2.29	3.04	1.08	1.80	1.78	1.04	1.18
NOPAT Less CapEx to Interest Expense	1.61	2.19	2.04	2.85	1.36	7.22	1.58	2.42	0.84
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.91%	7.10%	11.84%	8.03%	21.11%	4.15%	12.98%	13.46%	46.14%
Augmented Payout Ratio	85.99%	105.27%	84.37%	11.23%	21.11%	4.15%	16.16%	15.60%	48.52%

This table displays calculated financial ratios and metrics derived from Gates Industrial's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.74%	-3.93%	-4.83%	-5.43%	-3.91%	-3.36%	1.42%	3.25%	0.48%	9.53%	-0.20%
EBITDA Growth	1.62%	6.67%	-5.16%	8.03%	22.12%	-6.88%	17.02%	11.85%	15.13%	36.62%	-16.04%
EBIT Growth	4.40%	10.82%	-7.14%	11.08%	35.86%	-11.36%	25.22%	19.89%	28.32%	66.58%	-21.70%
NOPAT Growth	36.51%	-54.61%	-27.44%	3.38%	14.42%	8.74%	44.30%	21.90%	-19.66%	-17.30%	-19.29%
Net Income Growth	48.16%	-40.52%	-35.56%	8.99%	50.65%	-23.31%	52.68%	20.47%	-17.96%	26.72%	-28.21%
EPS Growth	60.00%	-34.78%	-37.93%	13.04%	66.67%	-23.33%	61.11%	21.05%	-10.00%	42.86%	-21.74%
Operating Cash Flow Growth	134.76%	0.85%	7.51%	-28.61%	-140.00%	-23.36%	7.16%	456.78%	149.81%	46.24%	-1.08%
Free Cash Flow Firm Growth	71.28%	87.82%	-22.18%	19.76%	-26.45%	1.89%	-4.79%	110.30%	489.74%	46.35%	370.58%
Invested Capital Growth	-3.52%	-5.04%	-0.75%	-2.54%	-1.77%	-1.00%	-0.80%	-1.80%	-2.91%	-1.11%	-1.64%
Revenue Q/Q Growth	2.19%	-0.16%	-6.19%	2.65%	-0.08%	-1.10%	-6.77%	4.30%	0.49%	3.79%	-5.08%
EBITDA Q/Q Growth	-0.23%	3.04%	-11.87%	12.15%	4.73%	-8.38%	0.39%	26.78%	-20.15%	15.14%	-4.05%
EBIT Q/Q Growth	1.23%	4.10%	-15.94%	17.85%	7.45%	-12.77%	0.56%	44.14%	-29.90%	23.24%	-3.73%
NOPAT Q/Q Growth	72.80%	-41.55%	-23.23%	76.06%	-42.54%	-6.57%	9.37%	94.87%	-45.39%	23.98%	-7.60%
Net Income Q/Q Growth	66.18%	-25.41%	-28.99%	68.33%	-33.29%	-19.18%	20.08%	132.68%	-66.04%	60.89%	-5.25%
EPS Q/Q Growth	60.00%	-16.67%	-30.77%	73.33%	-34.78%	-20.69%	26.09%	155.56%	-70.00%	66.67%	-5.26%
Operating Cash Flow Q/Q Growth	-96.18%	64.71%	23.56%	546.67%	-111.09%	75.60%	-17.96%	150.29%	-78.74%	145.53%	326.27%
Free Cash Flow Firm Q/Q Growth	-12.76%	145.14%	-48.87%	56.63%	-4.34%	1.57%	-21.31%	-3.81%	32.53%	-5.08%	73.81%
Invested Capital Q/Q Growth	2.37%	-4.80%	0.28%	-1.27%	0.75%	-0.49%	-1.53%	-0.49%	1.53%	-0.29%	-2.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.66%	40.43%	40.42%	40.36%	38.26%	39.12%	39.34%	37.67%	36.21%	34.70%	35.96%
EBITDA Margin	20.72%	21.22%	20.56%	21.89%	20.03%	19.11%	20.63%	19.16%	15.76%	19.84%	17.88%
Operating Margin	14.71%	13.58%	13.63%	15.38%	13.53%	13.93%	14.42%	13.79%	9.72%	11.09%	12.06%
EBIT Margin	14.56%	14.70%	14.10%	15.73%	13.70%	12.74%	14.45%	13.39%	9.69%	13.89%	11.70%
Profit (Net Income) Margin	8.06%	4.96%	6.63%	8.76%	5.34%	8.00%	9.79%	7.60%	3.41%	10.09%	6.51%
Tax Burden Percent	72.81%	46.76%	79.62%	86.03%	57.13%	96.51%	98.73%	88.01%	66.23%	107.78%	83.09%
Interest Burden Percent	76.01%	72.11%	59.09%	64.75%	68.27%	65.09%	68.68%	64.51%	53.10%	67.37%	66.93%
Effective Tax Rate	26.87%	53.13%	20.23%	13.64%	42.75%	3.35%	1.15%	11.87%	33.12%	-7.89%	16.91%
Return on Invested Capital (ROIC)	6.99%	4.22%	7.09%	8.71%	5.11%	9.07%	9.64%	8.03%	4.22%	7.94%	6.47%
ROIC Less NNEP Spread (ROIC-NNEP)	5.69%	3.53%	5.18%	6.57%	3.98%	6.46%	7.69%	5.98%	2.84%	7.05%	5.00%
Return on Net Nonoperating Assets (RNNOA)	2.89%	1.74%	2.78%	3.57%	2.07%	3.34%	4.61%	3.73%	1.66%	3.86%	3.11%
Return on Equity (ROE)	9.89%	5.96%	9.87%	12.28%	7.18%	12.41%	14.25%	11.75%	5.88%	11.80%	9.57%
Cash Return on Invested Capital (CROIC)	10.22%	11.43%	8.09%	10.53%	9.59%	8.87%	8.56%	8.71%	9.41%	7.87%	8.60%
Operating Return on Assets (OROA)	7.09%	7.14%	6.82%	7.66%	6.76%	6.30%	7.35%	6.64%	4.70%	6.71%	5.59%
Return on Assets (ROA)	3.93%	2.41%	3.21%	4.27%	2.64%	3.96%	4.99%	3.77%	1.65%	4.87%	3.11%
Return on Common Equity (ROCE)	8.97%	5.41%	8.91%	11.14%	6.51%	11.24%	12.91%	10.59%	5.27%	10.58%	8.58%
Return on Equity Simple (ROE_SIMPLE)	7.80%	0.00%	7.97%	8.76%	8.55%	0.00%	8.97%	8.07%	7.33%	0.00%	7.61%
Net Operating Profit after Tax (NOPAT)	91	53	90	118	67	116	124	114	58	107	86
NOPAT Margin	10.76%	6.36%	10.87%	13.28%	7.75%	13.47%	14.26%	12.15%	6.50%	11.97%	10.02%
Net Nonoperating Expense Percent (NNEP)	1.30%	0.69%	1.91%	2.14%	1.13%	2.61%	1.95%	2.04%	1.37%	0.89%	1.46%
Return On Investment Capital (ROIC_SIMPLE)	1.58%	0.93%	-	-	-	1.94%	-	-	-	1.81%	-
Cost of Revenue to Revenue	59.34%	59.57%	59.58%	59.64%	61.74%	60.88%	60.66%	62.33%	63.79%	65.30%	64.04%
SG&A Expenses to Revenue	25.64%	26.54%	26.47%	24.65%	24.54%	25.02%	24.45%	23.57%	25.86%	23.47%	23.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.94%	26.85%	26.80%	24.98%	24.73%	25.18%	24.92%	23.88%	26.49%	23.61%	23.90%
Earnings before Interest and Taxes (EBIT)	123	122	117	139	118	110	126	125	87	124	101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	176	176	171	194	173	165	180	179	142	177	154
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.74	1.50	1.30	1.47	1.10	0.99	1.25	1.22	1.04	0.94
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.39	1.54	1.36	1.19	1.32	0.99	0.85	1.07	1.10	0.91	0.79
Price to Earnings (P/E)	21.69	27.01	21.10	16.38	18.98	15.22	12.03	16.84	18.15	14.60	13.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.61%	3.70%	4.74%	6.11%	5.27%	6.57%	8.31%	5.94%	5.51%	6.85%	7.21%
Enterprise Value to Invested Capital (EV/IC)	1.31	1.45	1.30	1.18	1.28	1.06	1.00	1.14	1.13	1.02	0.97
Enterprise Value to Revenue (EV/Rev)	1.98	2.13	1.98	1.78	1.93	1.57	1.47	1.72	1.72	1.53	1.49
Enterprise Value to EBITDA (EV/EBITDA)	9.40	10.16	9.71	8.71	9.77	8.41	7.78	9.44	9.67	8.86	9.11
Enterprise Value to EBIT (EV/EBIT)	13.41	14.60	14.07	12.57	14.20	12.48	11.40	14.08	14.70	13.70	14.85
Enterprise Value to NOPAT (EV/NOPAT)	19.42	22.53	17.58	14.66	16.26	13.44	12.78	16.43	17.27	15.04	13.80
Enterprise Value to Operating Cash Flow (EV/OCF)	16.50	19.10	18.04	16.77	16.72	11.64	9.79	11.58	14.44	20.47	27.50
Enterprise Value to Free Cash Flow (EV/FCFF)	12.62	12.34	15.95	11.08	13.24	11.91	11.59	13.01	11.85	12.91	11.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.70	0.69	0.67	0.67	0.69	0.72	0.75	0.69	0.72	0.77
Long-Term Debt to Equity	0.67	0.69	0.68	0.66	0.66	0.68	0.71	0.74	0.68	0.70	0.76
Financial Leverage	0.51	0.49	0.54	0.54	0.52	0.52	0.60	0.62	0.58	0.55	0.62
Leverage Ratio	2.01	2.04	2.07	2.08	2.03	2.07	2.13	2.16	2.12	2.13	2.19
Compound Leverage Factor	1.53	1.47	1.22	1.35	1.39	1.35	1.46	1.40	1.13	1.43	1.47
Debt to Total Capital	40.57%	41.30%	40.74%	40.03%	40.11%	40.89%	41.75%	42.99%	40.82%	41.70%	43.48%
Short-Term Debt to Total Capital	0.55%	0.69%	0.62%	0.37%	0.48%	0.61%	0.47%	0.62%	0.46%	0.62%	0.49%
Long-Term Debt to Total Capital	40.02%	40.62%	40.12%	39.65%	39.63%	40.28%	41.27%	42.38%	40.36%	41.08%	42.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.65%	5.57%	5.96%	5.45%	5.43%	5.40%	5.48%	5.39%	5.64%	5.65%	5.36%
Common Equity to Total Capital	53.79%	53.13%	53.30%	54.53%	54.46%	53.71%	52.77%	51.62%	53.54%	52.65%	51.16%
Debt to EBITDA	3.27	3.29	3.39	3.28	3.36	3.68	3.61	3.92	3.87	4.01	4.40
Net Debt to EBITDA	2.37	2.34	2.57	2.46	2.61	2.60	2.78	3.06	2.93	3.07	3.70
Long-Term Debt to EBITDA	3.22	3.24	3.33	3.25	3.32	3.63	3.56	3.87	3.83	3.95	4.35
Debt to NOPAT	6.75	7.30	6.13	5.51	5.59	5.88	5.92	6.83	6.92	6.81	6.67
Net Debt to NOPAT	4.90	5.19	4.65	4.14	4.34	4.15	4.58	5.32	5.24	5.21	5.62
Long-Term Debt to NOPAT	6.66	7.18	6.04	5.46	5.52	5.80	5.86	6.73	6.84	6.71	6.60
Altman Z-Score	1.97	2.06	1.88	1.84	1.90	1.67	1.60	1.66	1.72	1.61	1.51
Noncontrolling Interest Sharing Ratio	9.28%	9.30%	9.73%	9.26%	9.30%	9.41%	9.44%	9.94%	10.39%	10.33%	10.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.33	3.20	3.02	3.11	3.06	3.08	2.97	2.97	3.19	3.03	2.97
Quick Ratio	2.01	1.95	1.74	1.82	1.76	1.91	1.77	1.80	1.94	1.84	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	278	319	130	254	162	170	167	212	221	167	175
Operating Cash Flow to CapEx	47.10%	856.05%	541.59%	822.81%	-131.25%	892.92%	728.38%	1,059.68%	452.59%	1,327.96%	417.43%
Free Cash Flow to Firm to Interest Expense	9.39	9.35	3.70	5.18	4.33	4.42	4.23	4.77	5.41	4.11	5.27
Operating Cash Flow to Interest Expense	0.25	5.60	3.30	1.91	-0.56	4.93	2.73	2.95	1.29	6.10	3.02
Operating Cash Flow Less CapEx to Interest Expense	-0.28	4.94	2.69	1.68	-0.99	4.38	2.35	2.67	1.00	5.64	2.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.49	0.48	0.49	0.49	0.49	0.51	0.50	0.48	0.48	0.48
Accounts Receivable Turnover	4.28	4.57	4.21	4.14	4.32	4.53	4.42	4.21	4.36	4.69	4.31
Inventory Turnover	2.93	3.10	3.04	3.16	3.25	3.39	3.41	3.42	3.32	3.44	3.36
Fixed Asset Turnover	5.64	0.00	0.00	0.00	5.62	0.00	0.00	0.00	5.45	0.00	0.00
Accounts Payable Turnover	4.65	4.73	4.79	4.64	4.81	4.77	5.07	4.83	4.83	4.72	4.93
Days Sales Outstanding (DSO)	85.19	79.83	86.62	88.12	84.56	80.60	82.49	86.80	83.64	77.88	84.76
Days Inventory Outstanding (DIO)	124.48	117.81	120.20	115.66	112.32	107.57	107.19	106.75	109.88	106.06	108.47
Days Payable Outstanding (DPO)	78.45	77.10	76.17	78.67	75.94	76.53	71.93	75.65	75.51	77.34	74.04
Cash Conversion Cycle (CCC)	131.22	120.55	130.65	125.11	120.93	111.64	117.75	117.90	118.01	106.61	119.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,127	5,009	5,261	5,247	5,314	5,275	5,301	5,383	5,410	5,328	5,344
Invested Capital Turnover	0.65	0.66	0.65	0.66	0.66	0.67	0.68	0.66	0.65	0.66	0.65
Increase / (Decrease) in Invested Capital	-187	-266	-40	-137	-96	-53	-43	-99	-162	-60	-89
Enterprise Value (EV)	6,730	7,250	6,818	6,202	6,813	5,599	5,276	6,155	6,120	5,441	5,163
Market Capitalization	4,705	5,265	4,667	4,132	4,677	3,544	3,066	3,842	3,925	3,223	2,755
Book Value per Share	$12.15	$11.87	$11.89	$12.15	$12.16	$12.19	$11.71	$10.77	$11.38	$11.01	$10.40
Tangible Book Value per Share	($0.25)	($0.53)	($0.69)	($0.38)	($0.69)	($0.77)	($1.11)	($1.35)	($0.96)	($1.28)	($1.63)
Total Capital	5,768	5,691	5,836	5,826	5,836	5,995	5,858	5,948	6,005	5,907	5,739
Total Debt	2,340	2,351	2,378	2,332	2,341	2,452	2,445	2,557	2,451	2,463	2,495
Total Long-Term Debt	2,308	2,312	2,342	2,310	2,313	2,415	2,418	2,521	2,423	2,426	2,467
Net Debt	1,700	1,669	1,803	1,752	1,819	1,731	1,889	1,992	1,856	1,885	2,100
Capital Expenditures (CapEx)	16	22	21	11	16	21	15	12	12	19	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,049	942	1,067	1,055	1,045	938	1,008	1,048	1,051	983	1,103
Debt-free Net Working Capital (DFNWC)	1,689	1,624	1,641	1,635	1,567	1,659	1,565	1,613	1,646	1,562	1,498
Net Working Capital (NWC)	1,658	1,585	1,605	1,613	1,539	1,622	1,538	1,576	1,619	1,525	1,470
Net Nonoperating Expense (NNE)	23	12	35	40	21	47	39	43	28	17	30
Net Nonoperating Obligations (NNO)	1,700	1,669	1,803	1,752	1,819	1,731	1,889	1,992	1,856	1,885	2,100
Total Depreciation and Amortization (D&A)	52	54	54	55	55	55	54	54	55	53	53
Debt-free, Cash-free Net Working Capital to Revenue	30.91%	27.63%	30.99%	30.28%	29.56%	26.27%	28.01%	29.21%	29.55%	27.67%	31.73%
Debt-free Net Working Capital to Revenue	49.78%	47.64%	47.68%	46.92%	44.33%	46.45%	43.48%	44.95%	46.26%	43.94%	43.10%
Net Working Capital to Revenue	48.85%	46.49%	46.63%	46.30%	43.54%	45.43%	42.71%	43.93%	45.49%	42.91%	42.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.15	$0.18	$0.27	$0.15	$0.23	$0.30	$0.24	$0.09	$0.30	$0.18
Adjusted Weighted Average Basic Shares Outstanding	257.77M	255.41M	254.72M	261.61M	261.38M	264.27M	264.11M	264.09M	285.03M	282.60M	282.45M
Adjusted Diluted Earnings per Share	$0.24	$0.15	$0.18	$0.26	$0.15	$0.23	$0.29	$0.23	$0.09	$0.30	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	257.77M	255.41M	254.72M	261.61M	261.38M	264.27M	264.11M	264.09M	285.03M	282.60M	282.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	257.77M	255.41M	254.72M	261.61M	261.38M	264.27M	264.11M	264.09M	285.03M	282.60M	282.45M
Normalized Net Operating Profit after Tax (NOPAT)	93	81	92	120	68	118	128	116	62	70	91
Normalized NOPAT Margin	10.98%	9.73%	11.13%	13.56%	7.85%	13.62%	14.71%	12.42%	6.93%	7.86%	10.59%
Pre Tax Income Margin	11.07%	10.60%	8.33%	10.19%	9.36%	8.29%	9.92%	8.64%	5.15%	9.36%	7.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.17	3.57	3.34	2.84	3.15	2.86	3.19	2.82	2.13	3.06	3.02
NOPAT to Interest Expense	3.08	1.55	2.57	2.40	1.78	3.03	3.15	2.56	1.43	2.64	2.59
EBIT Less CapEx to Interest Expense	3.65	2.92	2.73	2.60	2.73	2.31	2.82	2.54	1.85	2.60	2.30
NOPAT Less CapEx to Interest Expense	2.56	0.89	1.96	2.16	1.35	2.48	2.78	2.28	1.15	2.18	1.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.32%	5.91%	7.83%	0.00%	0.00%	7.10%	0.18%	0.00%	0.00%	11.84%	18.70%
Augmented Payout Ratio	63.65%	85.99%	78.86%	18.07%	111.07%	105.27%	90.95%	101.57%	0.30%	84.37%	102.10%

Frequently Asked Questions About Gates Industrial's Financials

When does Gates Industrial's financial year end?

According to the most recent income statement we have on file, Gates Industrial's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Gates Industrial's net income changed over the last 8 years?

Gates Industrial's net income appears to be on an upward trend, with a most recent value of $219.90 million in 2024, rising from $84.30 million in 2016. The previous period was $256.40 million in 2023. See where experts think Gates Industrial is headed by visiting Gates Industrial's forecast page.

What is Gates Industrial's operating income?

Gates Industrial's total operating income in 2024 was $478.70 million, based on the following breakdown:

Total Gross Profit: $1.36 billion
Total Operating Expenses: $879.80 million

How has Gates Industrial revenue changed over the last 8 years?

Over the last 8 years, Gates Industrial's total revenue changed from $2.75 billion in 2016 to $3.41 billion in 2024, a change of 24.1%.

How much debt does Gates Industrial have?

Gates Industrial's total liabilities were at $3.45 billion at the end of 2024, a 7.1% decrease from 2023, and a 36.5% decrease since 2017.

How much cash does Gates Industrial have?

In the past 7 years, Gates Industrial's cash and equivalents has ranged from $423.40 million in 2018 to $720.60 million in 2023, and is currently $682 million as of their latest financial filing in 2024.

How has Gates Industrial's book value per share changed over the last 8 years?

Over the last 8 years, Gates Industrial's book value per share changed from 0.00 in 2016 to 11.87 in 2024, a change of 1,187.0%.

Related Companies

This page (NYSE:GTES) was last updated on 5/24/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Gates Industrial (GTES) Financials

Frequently Asked Questions About Gates Industrial's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Gates Industrial (GTES) Financials

Annual Income Statements for Gates Industrial

Quarterly Income Statements for Gates Industrial

Annual Cash Flow Statements for Gates Industrial

Quarterly Cash Flow Statements for Gates Industrial

Annual Balance Sheets for Gates Industrial

Quarterly Balance Sheets for Gates Industrial

Annual Metrics And Ratios for Gates Industrial

Quarterly Metrics And Ratios for Gates Industrial

Frequently Asked Questions About Gates Industrial's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools