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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$3.4B
$251M
39.8%
13.5%
7.5%
3.5%
$405M
$2.2B
$812M
2024
$3.4B
$195M
39.9%
13.9%
6.4%
2.9%
$297M
$2.4B
$682M
2023
$3.6B
$233M
38.1%
12.9%
7.2%
3.2%
$420M
$2.5B
$721M
2022
$3.6B
$221M
35.2%
10.8%
7.1%
3.1%
$188M
$2.5B
$578M
2022
$3.5B
$297M
38.5%
13.9%
9.6%
3.9%
$305M
$2.6B
$658M
2021
$2.8B
$79M
37.0%
7.6%
2.8%
1.1%
$251M
$2.7B
$521M
2019
$3.1B
$690M
37.0%
11.2%
26.0%
9.3%
$277M
$3.0B
$635M
2018
$3.3B
$245M
39.7%
14.8%
12.6%
3.6%
$147M
$3.0B
$423M
2017
$3.0B
$151M
40.0%
13.2%
14.9%
2.2%
$219M
$4.0B
$564M
2016
$2.7B
$58M
38.6%
11.1%
—
—
$318M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$904M
$87M
42.4%
14.5%
2.4%
1.2%
$42M
$2.2B
$831M
Jun '26
$942M
$171M
41.0%
14.0%
4.9%
2.3%
$60M
$2.2B
$824M
Mar '26
$851M
$60M
39.7%
12.9%
1.8%
0.8%
$14M
$2.2B
$785M
Dec '25
$856M
$51M
38.0%
12.6%
1.5%
0.7%
$251M
$2.2B
$812M
Sep '25
$856M
$82M
39.9%
13.5%
2.4%
1.1%
$81M
$2.2B
$689M
Jun '25
$884M
$57M
40.8%
13.1%
1.7%
0.8%
$84M
$2.3B
$720M
Mar '25
$848M
$62M
40.7%
14.8%
2.0%
0.9%
-$10M
$2.3B
$640M
Dec '24
$829M
$37M
40.4%
13.2%
1.2%
0.5%
$168M
$2.4B
$682M
Sep '24
$831M
$48M
40.4%
14.0%
1.5%
0.7%
$94M
$2.4B
$574M
Jun '24
$886M
$71M
40.4%
15.1%
2.2%
1.0%
$72M
$2.3B
$580M
Mar '24
$863M
$40M
38.3%
13.5%
1.3%
0.6%
-$37M
$2.3B
$522M
Dec '23
$863M
$63M
39.1%
13.9%
2.0%
0.9%
$168M
$2.5B
$721M
Sep '23
$873M
$79M
39.3%
14.4%
2.5%
1.1%
$93M
$2.4B
$557M
Jul '23
$936M
$65M
37.7%
13.8%
2.1%
0.9%
$119M
$2.6B
$565M
Apr '23
$898M
$26M
36.2%
9.7%
0.8%
0.4%
$41M
$2.5B
$595M
Dec '22
$893M
$85M
34.7%
11.1%
2.7%
1.2%
$228M
$2.5B
$578M
Oct '22
$861M
$52M
36.0%
12.1%
1.8%
0.7%
$77M
$2.5B
$395M
Jul '22
$907M
$53M
36.0%
12.4%
1.8%
0.7%
$6M
$2.6B
$393M
Apr '22
$893M
$31M
34.1%
7.7%
1.0%
0.4%
-$123M
$2.6B
$407M
Jan '22
$816M
$63M
35.1%
9.3%
2.0%
0.8%
$148M
$2.6B
$658M
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 15.8× (Mar '23) to 24.0× (Nov '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.7× (Nov '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?
Gates Industrial Corp Plc's P/E (TTM) is 16.35 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the GTES stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 24.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.