Gates Corporation (GTES)

NYSE Industrials Industrial Machinery & Supplies & Components S&P SmallCap 600

$24.10

+0.54 (+2.29%)

Close of Nov 06, 2026 · end-of-day data

Source: Gates Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2021	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	$2.75B	$3.04B	$3.35B	$3.09B	$2.79B	$3.47B	$3.55B	$3.57B	$3.41B	$3.44B
Cost of revenue	$1.69B	$1.82B	$2.02B	$1.94B	$1.76B	$2.14B	$2.30B	$2.21B	$2.05B	$2.07B
Gross profit	$1.06B	$1.22B	$1.33B	$1.14B	$1.03B	$1.34B	$1.25B	$1.36B	$1.36B	$1.37B
Research & development	$68.50M	$68.60M	$71.40M	$67.90M	$67.20M	$70.70M	$69.40M	$66.00M	$66.50M	$71.90M
Selling, general & admin	$737.70M	$777.10M	$805.80M	$777.30M	$776.90M	$852.70M	$853.70M	$884.70M	$876.50M	$876.10M
Operating income	$305.30M	$402.90M	$496.80M	$346.80M	$211.10M	$484.10M	$384.00M	$460.10M	$472.20M	$465.30M
Interest expense	$216.30M	$234.60M	$175.90M	$157.80M	$154.30M	$133.50M	$139.40M	$163.20M	$155.80M	$125.90M
Pre-tax income	$93.00M	$109.50M	$303.50M	$198.80M	$71.00M	$349.70M	$257.80M	$285.30M	$328.00M	$340.20M
Income tax	$21.10M	-$72.50M	$31.80M	-$495.90M	-$19.30M	$18.40M	$14.90M	$28.30M	$107.50M	$63.10M
Net income	$57.70M	$151.30M	$245.30M	$690.10M	$79.40M	$297.10M	$220.80M	$232.90M	$194.90M	$251.40M
EBITDA	$546.10M	$615.10M	$715.30M	$569.00M	$429.70M	$706.70M	$601.20M	$677.60M	$689.10M	$679.10M
EPS (basic)	$0.23	$0.62	$0.86	$2.38	$0.27	$1.02	$0.78	$0.86	$0.75	$0.98
EPS (diluted)	$0.23	$0.60	$0.84	$2.37	$0.27	$1.00	$0.77	$0.84	$0.74	$0.96
Diluted shares	248.36M	250.49M	291.70M	291.63M	292.12M	297.29M	287.59M	275.65M	264.68M	260.53M
Gross margin	38.6%	40.0%	39.7%	37.0%	37.0%	38.5%	35.2%	38.1%	39.9%	39.8%
Operating margin	11.1%	13.2%	14.8%	11.2%	7.6%	13.9%	10.8%	12.9%	13.9%	13.5%
Net margin	2.1%	5.0%	7.3%	22.4%	2.8%	8.6%	6.2%	6.5%	5.7%	7.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2021	FY2022	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$528.80M	$564.40M	$423.40M	$635.30M	$521.40M	$658.20M	$578.40M	$720.60M	$682.00M	$812.10M
Receivables	—	$713.80M	$742.30M	$694.70M	$695.00M	$708.10M	$808.60M	$768.20M	$722.70M	$744.20M
Inventory	—	$457.10M	$537.60M	$475.10M	$508.20M	$682.60M	$656.20M	$647.20M	$676.00M	$700.00M
Total current assets	—	$1.83B	$1.81B	$1.96B	$1.91B	$2.28B	$2.28B	$2.40B	$2.31B	$2.48B
Goodwill	$1.91B	$2.09B	$2.05B	$2.06B	$2.12B	$2.06B	$1.98B	$2.04B	$1.91B	$2.04B
Total assets	—	$6.85B	$6.72B	$7.41B	$7.43B	$7.53B	$7.19B	$7.25B	$6.79B	$7.15B
Total current liabilities	—	$697.80M	$679.00M	$658.10M	$726.30M	$855.90M	$752.30M	$779.30M	$721.50M	$735.40M
Short-term debt	—	$66.40M	$51.60M	$46.10M	$42.70M	$38.10M	$36.60M	$36.50M	$39.10M	$36.20M
Long-term debt	—	$3.89B	$2.95B	$2.91B	$2.67B	$2.53B	$2.43B	$2.42B	$2.31B	$2.20B
Total debt	—	$3.96B	$3.00B	$2.96B	$2.71B	$2.56B	$2.46B	$2.45B	$2.35B	$2.23B
Total liabilities	—	$5.43B	$4.39B	$4.40B	$4.24B	$4.05B	$3.75B	$3.71B	$3.45B	$3.46B
Shareholders' equity	$1.07B	$1.01B	$1.95B	$2.65B	$2.81B	$3.10B	$3.11B	$3.22B	$3.02B	$3.33B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2021	FY2022	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$376.70M	$319.90M	$313.50M	$348.90M	$309.00M	$382.40M	$265.80M	$481.00M	$379.60M	$478.10M
Capital expenditures	$59.00M	$101.10M	$166.10M	$72.10M	$58.20M	$77.70M	$77.60M	$61.20M	$83.10M	$73.20M
Free cash flow	$317.70M	$218.80M	$147.40M	$276.80M	$250.80M	$304.70M	$188.20M	$419.80M	$296.50M	$404.90M
Investing cash flow	-$67.90M	-$227.00M	-$243.60M	-$78.00M	-$77.50M	-$86.00M	-$90.70M	-$81.80M	-$104.40M	-$119.00M
Financing cash flow	-$110.80M	-$75.30M	-$198.90M	-$59.30M	-$353.80M	-$148.60M	-$253.10M	-$258.30M	-$286.70M	-$251.10M
Share buybacks	$2.00M	$1.60M	$0	$0	$0	$10.60M	$175.90M	$251.70M	$176.10M	$119.30M
Stock-based compensation	$4.20M	$5.40M	$6.00M	$15.00M	$19.80M	$24.60M	$44.30M	$27.40M	$28.80M	$27.20M
Depreciation & amortization	$240.80M	$212.20M	$218.50M	$222.20M	$218.60M	$222.60M	$217.20M	$217.50M	$216.90M	$213.80M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$863.30M	$862.60M	$885.50M	$830.70M	$829.40M	$847.60M	$883.70M	$855.70M	$856.20M	$851.10M	$941.60M	$903.60M
Cost of revenue	$525.60M	$532.60M	$528.10M	$494.90M	$494.10M	$503.00M	$523.50M	$514.10M	$530.90M	$513.10M	$555.50M	$520.30M
Gross profit	$337.70M	$330.00M	$357.40M	$335.80M	$335.30M	$344.60M	$360.20M	$341.60M	$325.30M	$338.00M	$386.10M	$383.30M
Selling, general & admin	$218.50M	$211.70M	$221.20M	$217.20M	$223.00M	$216.20M	$231.20M	$219.20M	$209.50M	$226.90M	$250.70M	$247.40M
Operating income	$117.80M	$116.70M	$133.30M	$115.90M	$109.70M	$125.80M	$115.80M	$115.40M	$108.30M	$109.90M	$131.60M	$131.30M
Interest expense	$38.40M	$37.50M	$49.10M	$35.10M	$34.10M	$29.60M	$28.80M	$34.90M	$32.60M	$29.90M	$30.00M	$30.50M
Pre-tax income	$71.60M	$80.70M	$90.20M	$69.20M	$87.90M	$93.80M	$80.20M	$94.80M	$71.40M	$77.90M	$100.20M	$108.30M
Income tax	$2.40M	$34.50M	$12.30M	$14.00M	$46.70M	$25.20M	$16.80M	$6.10M	$15.00M	$11.50M	-$78.00M	$16.70M
Net income	$62.90M	$40.00M	$70.70M	$47.60M	$36.60M	$62.00M	$56.50M	$81.60M	$51.30M	$59.70M	$170.90M	$86.50M
EBITDA	$172.80M	$171.30M	$187.80M	$169.60M	$163.80M	$178.00M	$169.10M	$169.00M	$163.00M	$165.60M	$188.70M	$187.70M
EPS (basic)	$0.24	$0.15	$0.27	$0.18	$0.14	$0.24	$0.22	$0.32	$0.20	$0.24	$0.67	$0.34
EPS (diluted)	$0.23	$0.15	$0.26	$0.18	$0.14	$0.24	$0.22	$0.31	$0.19	$0.23	$0.67	$0.34
Diluted shares	-2.84M	267.44M	266.81M	263.44M	-1.18M	261.57M	260.47M	261.56M	-549.31K	256.87M	256.14M	255.58M
Gross margin	39.1%	38.3%	40.4%	40.4%	40.4%	40.7%	40.8%	39.9%	38.0%	39.7%	41.0%	42.4%
Operating margin	13.6%	13.5%	15.1%	14.0%	13.2%	14.8%	13.1%	13.5%	12.6%	12.9%	14.0%	14.5%
Net margin	7.3%	4.6%	8.0%	5.7%	4.4%	7.3%	6.4%	9.5%	6.0%	7.0%	18.1%	9.6%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$720.60M	$522.20M	$579.70M	$574.40M	$682.00M	$640.20M	$719.70M	$689.40M	$812.10M	$785.30M	$823.50M	$830.80M
Receivables	$768.20M	$797.70M	$807.50M	$811.80M	$722.70M	$786.20M	$826.30M	$833.30M	$744.20M	$799.60M	$900.30M	$885.80M
Inventory	$647.20M	$677.20M	$696.50M	$724.60M	$676.00M	$700.70M	$729.00M	$718.10M	$700.00M	$685.70M	$740.60M	$812.90M
Total current assets	$2.40B	$2.29B	$2.38B	$2.40B	$2.31B	$2.37B	$2.52B	$2.48B	$2.48B	$2.49B	$2.71B	$2.76B
Goodwill	$2.04B	$2.01B	$1.97B	$2.00B	$1.91B	$1.93B	$2.02B	$2.02B	$2.04B	$2.02B	$2.02B	$2.03B
Total assets	$7.25B	$7.05B	$7.03B	$7.12B	$6.79B	$6.89B	$7.22B	$7.15B	$7.15B	$7.12B	$7.39B	$7.43B
Total current liabilities	$779.30M	$747.90M	$763.40M	$795.60M	$721.50M	$710.40M	$729.30M	$705.40M	$735.40M	$678.50M	$835.10M	$809.90M
Short-term debt	$36.50M	$27.90M	$21.80M	$36.20M	$39.10M	$31.60M	$39.80M	$30.50M	$36.20M	$30.90M	$39.20M	$30.00M
Long-term debt	$2.42B	$2.31B	$2.31B	$2.34B	$2.31B	$2.31B	$2.30B	$2.20B	$2.20B	$2.20B	$2.19B	$2.19B
Total debt	$2.45B	$2.34B	$2.33B	$2.38B	$2.35B	$2.34B	$2.34B	$2.23B	$2.23B	$2.23B	$2.23B	$2.22B
Total liabilities	$3.71B	$3.55B	$3.54B	$3.66B	$3.45B	$3.46B	$3.61B	$3.43B	$3.46B	$3.39B	$3.50B	$3.49B
Shareholders' equity	$3.22B	$3.18B	$3.18B	$3.11B	$3.02B	$3.10B	$3.27B	$3.37B	$3.33B	$3.37B	$3.52B	$3.56B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$189.30M	-$21.00M	$93.80M	$115.90M	$190.90M	$7.30M	$103.00M	$98.00M	$269.80M	$30.20M	$78.60M	$61.20M
Capital expenditures	$21.60M	$16.00M	$21.90M	$21.90M	$23.30M	$17.50M	$19.40M	$17.50M	$18.80M	$16.70M	$18.30M	$18.80M
Free cash flow	$167.70M	-$37.00M	$71.90M	$94.00M	$167.60M	-$10.20M	$83.60M	$80.50M	$251.00M	$13.50M	$60.30M	$42.40M
Investing cash flow	-$23.80M	-$19.50M	-$20.60M	-$40.20M	-$24.10M	-$31.00M	-$31.00M	-$24.90M	-$32.10M	-$27.20M	-$14.60M	-$5.30M
Financing cash flow	-$16.60M	-$148.90M	-$8.70M	-$95.90M	-$33.20M	-$24.60M	-$8.80M	-$101.50M	-$116.20M	-$25.10M	-$25.70M	-$54.60M
Share buybacks	$0	$50.30M	$0	$125.80M	$0	$13.00M	$0	$0	$106.30M	$16.60M	$22.10M	$57.40M
Stock-based compensation	$7.80M	$8.60M	$5.20M	$6.40M	$8.60M	$6.10M	$9.60M	$6.70M	$4.80M	$6.30M	$9.40M	$8.60M
Depreciation & amortization	$55.00M	$54.60M	$54.50M	$53.70M	$54.10M	$52.20M	$53.30M	$53.60M	$54.70M	$55.70M	$57.10M	$56.40M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.