10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.4% per year over the past 5 years.
Net income has grown faster than revenue (33.4% vs 5.4% per year).
Operating margin has expanded, at 13.5% in the latest year.
Free cash flow has grown 12.7% per year over the past 5 years.
Financial health
Total debt ($2.2B) exceeds cash ($812M); net debt is $1.4B.
Total debt has grown slower than revenue (-4.7% vs 5.4% per year).
Operating income covered interest expense 3.7× in the latest year.
Total debt is 3.3× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.4B
$251M
39.8%
13.5%
$405M
$2.2B
$812M
2024
$3.4B
$195M
39.9%
13.9%
$297M
$2.4B
$682M
2023
$3.6B
$233M
38.1%
12.9%
$420M
$2.5B
$721M
2022
$3.6B
$221M
35.2%
10.8%
$188M
$2.5B
$578M
2022
$3.5B
$297M
38.5%
13.9%
$305M
$2.6B
$658M
2021
$2.8B
$79M
37.0%
7.6%
$251M
$2.7B
$521M
2019
$3.1B
$690M
37.0%
11.2%
$277M
$3.0B
$635M
2018
$3.3B
$245M
39.7%
14.8%
$147M
$3.0B
$423M
2017
$3.0B
$151M
40.0%
13.2%
$219M
$4.0B
$564M
2016
$2.7B
$58M
38.6%
11.1%
$318M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$851M
$60M
39.7%
12.9%
$14M
$2.2B
$785M
Dec '25
$856M
$51M
38.0%
12.6%
$251M
$2.2B
$812M
Sep '25
$856M
$82M
39.9%
13.5%
$81M
$2.2B
$689M
Jun '25
$884M
$57M
40.8%
13.1%
$84M
$2.3B
$720M
Mar '25
$848M
$62M
40.7%
14.8%
-$10M
$2.3B
$640M
Dec '24
$829M
$37M
40.4%
13.2%
$168M
$2.4B
$682M
Sep '24
$831M
$48M
40.4%
14.0%
$94M
$2.4B
$574M
Jun '24
$886M
$71M
40.4%
15.1%
$72M
$2.3B
$580M
Mar '24
$863M
$40M
38.3%
13.5%
-$37M
$2.3B
$522M
Dec '23
$863M
$63M
39.1%
13.9%
$168M
$2.5B
$721M
Sep '23
$873M
$79M
39.3%
14.4%
$93M
$2.4B
$557M
Jul '23
$936M
$65M
37.7%
13.8%
$119M
$2.6B
$565M
Apr '23
$898M
$26M
36.2%
9.7%
$41M
$2.5B
$595M
Dec '22
$893M
$85M
34.7%
11.1%
$228M
$2.5B
$578M
Oct '22
$861M
$52M
36.0%
12.1%
$77M
$2.5B
$395M
Jul '22
$907M
$53M
36.0%
12.4%
$6M
$2.6B
$393M
Apr '22
$893M
$31M
34.1%
7.7%
-$123M
$2.6B
$407M
Jan '22
$816M
$63M
35.1%
9.3%
$148M
$2.6B
$658M
Oct '21
$862M
$70M
39.5%
15.1%
$86M
$2.6B
$541M
Jul '21
$915M
$97M
40.1%
16.3%
$114M
$2.6B
$473M
Valuation over time
How the market has priced GTES against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 16.0× (Mar '23) to 29.3× (Jun '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 2.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is GTES growing its revenue and profit?
Over the past 5 years, Gates Industrial Corp Plc's revenue has grown 5.4% per year, and net income grown 33.4% per year. These are computed facts, not advice.
How much debt does GTES have?
As of FY2025, Gates Industrial Corp Plc reported $2.2B of total debt against $812M of cash; operating income covered interest expense 3.7×.
What is GTES's profit margin?
In FY2025, gross margin was 39.8%, operating margin 13.5%, and net margin 7.3%.
What is GTES's P/E ratio?
As of Jun '26, Gates Industrial Corp Plc traded at a price-to-earnings ratio of about 29.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.