GTES
$25.83-1.94%
Gates Industrial Corporation Ltd.Stock · IndustrialsRussell 1000 0.01%US Stock Market 0.010%Russell 3000 0.009%
GTES financial statements
The full income statement, balance sheet, and cash-flow statement for Gates Industrial Corporation Ltd. (GTES), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 261.6M2024-09 254.7M2024-12 255.4M2025-03 257.8M2025-06 257.6M2025-09 258.3M2025-12 253.9M2026-03 253.9M2026-06 253.2M-3.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| Revenue | 3.44B+1.0% | 3.41B-4.5% | 3.57B+0.5% | 3.55B+2.3% | 3.47B+24.4% | 2.79B-9.5% | |
| 1.37B+1.0% | 1.36B-0.0% | 1.36B+8.7% | 1.25B-6.6% | 1.34B+29.4% | 1.03B-9.4% | ||
| Cost of revenue | 2.07B+1.1% | 2.05B-7.3% | 2.21B-4.0% | 2.30B+7.9% | 2.14B+21.4% | 1.76B-9.6% | |
| Research & development | 71.9M+8.1% | 66.5M+0.8% | 66.0M-4.9% | 69.4M-1.8% | 70.7M+5.2% | 67.2M-1.0% | |
| Selling, general & administrative | 876M-0.0% | 877M-0.9% | 885M+3.6% | 854M+0.1% | 853M+9.8% | 777M-0.1% | |
| Restructuring | 26.3M+304.6% | 6.50M-44.0% | 11.6M+22.1% | 9.50M+1.1% | 9.40M-78.6% | 43.9M+455.7% | |
| Amortization of intangibles | 129M+0.0% | 129M-0.9% | 130M+1.1% | 128M-3.2% | 133M+2.6% | 129M-0.5% | |
| Provision for credit losses | 3.20M-44.8% | 5.80M-54.0% | 12.6M+2000.0% | 600K+200.0% | 200K-71.4% | 700K-70.8% | |
| Operating income | 465M-1.5% | 472M+2.6% | 460M+19.8% | 384M-20.7% | 484M+129.3% | 211M-39.1% | |
| Interest expense | 126M-19.2% | 156M-4.5% | 163M+17.1% | 139M+4.4% | 134M-13.5% | 154M-2.2% | |
| Other non-operating income | 800K-96.7% | 24.3M+309.5% | -11.6M-187.9% | 13.2M+1566.7% | -900K-106.3% | 14.2M+44.9% | |
| Pre-tax income | 340M+3.7% | 328M+15.0% | 285M+10.7% | 258M-26.3% | 350M+392.5% | 71.0M-64.3% | |
| Income tax | 63.1M-41.3% | 108M+279.9% | 28.3M+89.9% | 14.9M-19.0% | 18.4M+195.3% | -19.3M+96.1% | |
| 251M+29.0% | 195M-16.3% | 233M+5.5% | 221M-25.7% | 297M+274.2% | 79.4M-88.5% | ||
| Net income to non-controlling interest | 24.9M-0.4% | 25.0M+6.4% | 23.5M+8.3% | 21.7M-36.5% | 34.2M+222.6% | 10.6M+165.0% | |
| $0.96+29.7% | $0.74-11.9% | $0.84+9.1% | $0.77-23.0% | $1.00+270.4% | $0.27-88.6% | ||
| EPS (basic) | $0.98+30.7% | $0.75-12.8% | $0.86+10.3% | $0.78-23.5% | $1.02+277.8% | $0.27-88.7% | |
| Weighted-avg shares (diluted) | 261M-1.6% | 265M-4.0% | 276M-4.2% | 288M-3.3% | 297M+1.8% | 292M+0.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| 2.48B+7.6% | 2.31B-4.0% | 2.40B+5.4% | 2.28B-0.1% | 2.28B+19.5% | 1.91B-2.7% | ||
| Cash & equivalents | 812M+19.1% | 682M-5.4% | 721M+24.6% | 578M-12.1% | 658M+26.2% | 521M-17.9% | |
| Accounts receivable | 744M+3.0% | 723M-5.9% | 768M-5.0% | 809M+14.2% | 708M+1.9% | 695M+0.0% | |
| Inventory | 700M+3.6% | 676M+4.4% | 647M-1.4% | 656M-3.9% | 683M+34.3% | 508M+7.0% | |
| Prepaid expenses | 182M-7.6% | 197M-16.3% | 235M+6.2% | 221M+5.0% | 211M+37.4% | 153M+16.7% | |
| 7.15B+5.4% | 6.79B-6.5% | 7.25B+0.9% | 7.19B-4.5% | 7.53B+1.4% | 7.43B+0.2% | ||
| Operating lease right-of-use | 137M-1.6% | 139M+16.1% | 120M-9.2% | 132M+6.4% | 124M+2.7% | 121M-1.7% | |
| Goodwill | 2.04B+6.6% | 1.91B-6.4% | 2.04B+2.9% | 1.98B-4.0% | 2.06B-2.7% | 2.12B+2.9% | |
| Intangible assets | 1.19B-4.5% | 1.25B-9.9% | 1.39B-7.0% | 1.49B-9.2% | 1.64B-8.2% | 1.79B-4.7% | |
| Deferred tax assets | 640M+15.6% | 554M-11.1% | 622M+3.7% | 600M-6.1% | 639M-5.0% | 673M+14.6% | |
| Other non-current assets | 43.2M+80.0% | 24.0M-16.7% | 28.8M-39.4% | 47.5M+97.1% | 24.1M+45.2% | 16.6M-2.9% | |
| 735M+1.9% | 722M-7.4% | 779M+3.6% | 752M-12.1% | 856M+17.8% | 726M+10.4% | ||
| Accounts payable | 434M+6.2% | 408M-10.8% | 458M-2.5% | 470M-7.3% | 507M+21.4% | 417M+11.4% | |
| Accrued liabilities | 239M-5.1% | 251M+1.1% | 249M+11.6% | 223M-19.7% | 277M+9.9% | 252M+33.6% | |
| Short-term & current debt | 36.2M-7.4% | 39.1M+7.1% | 36.5M-0.3% | 36.6M-3.9% | 38.1M-10.8% | 42.7M-7.4% | |
| Current lease liability | 25.1M+2.4% | 24.5M+10.4% | 22.2M-7.5% | 24.0M+14.8% | 20.9M-4.1% | 21.8M+11.8% | |
| Finance lease liability (current) | 1.60M+128.6% | 700K+16.7% | 600K-25.0% | 800K-27.3% | 1.10M+37.5% | 800K+166.7% | |
| 3.46B+0.5% | 3.45B-7.1% | 3.71B-1.0% | 3.75B-7.5% | 4.05B-4.5% | 4.24B-3.6% | ||
| Long-term debt | 2.20B-5.0% | 2.31B-4.3% | 2.42B-0.5% | 2.43B-4.0% | 2.53B-5.2% | 2.67B-8.5% | |
| Non-current lease liability | 123M-2.4% | 126M+14.9% | 110M-9.0% | 120M+5.3% | 114M+2.5% | 111M-3.0% | |
| Operating lease liability (total) | 148M-1.6% | 150M+14.1% | 132M-8.7% | 144M+6.8% | 135M+1.4% | 133M-0.8% | |
| Finance lease liability (total) | 3.30M+50.0% | 2.20M+29.4% | 1.70M-29.2% | 2.40M-27.3% | 3.30M+10.0% | 3.00M+76.5% | |
| Finance lease liability | 1.70M+13.3% | 1.50M+36.4% | 1.10M-31.3% | 1.60M-27.3% | 2.20M+0.0% | 2.20M+57.1% | |
| Deferred tax liabilities | 49.3M-13.2% | 56.8M-52.4% | 119M-37.8% | 192M-32.3% | 284M-21.3% | 360M-2.4% | |
| Other non-current liabilities | 226M+228.7% | 68.7M-44.2% | 123M+23.5% | 99.7M+68.4% | 59.2M-51.1% | 121M+42.9% | |
| 3.33B+10.3% | 3.02B-6.1% | 3.22B+3.5% | 3.11B+0.3% | 3.10B+10.5% | 2.81B+5.8% | ||
| Common stock | 2.60M+0.0% | 2.60M+0.0% | 2.60M-7.1% | 2.80M-3.4% | 2.90M+0.0% | 2.90M+0.0% | |
| Additional paid-in capital | 2.63B+0.6% | 2.62B+1.3% | 2.58B+1.6% | 2.54B+2.3% | 2.48B+1.1% | 2.46B+0.9% | |
| Retained earnings | 1.65B+11.7% | 1.48B+1.2% | 1.46B-1.4% | 1.48B+3.1% | 1.44B+24.9% | 1.15B+7.4% | |
| Treasury stock | 37.5M | 0.00 | 0.00 | — | 0.00 | — | |
| Accumulated other comprehensive income | -917M+14.9% | -1.08B-30.0% | -829M+9.7% | -918M-11.2% | -825M-2.5% | -805M+6.2% | |
| Non-controlling interest | 355M+12.2% | 317M-2.2% | 324M-3.0% | 334M-12.6% | 382M+0.6% | 379M+5.4% | |
| Total equity incl. non-controlling | 3.69B+10.4% | 3.34B-5.7% | 3.54B+2.9% | 3.44B-1.1% | 3.48B+9.3% | 3.19B+5.8% | |
| Total liabilities & equity | 7.15B+5.4% | 6.79B-6.5% | 7.25B+0.9% | 7.19B-4.5% | 7.53B+1.4% | 7.43B+0.2% | |
| Common shares issued | 254M-0.7% | 255M | — | — | — | — | |
| Common shares outstanding | 254M-0.7% | 255M-3.4% | 264M-6.5% | 283M-3.0% | 291M+0.1% | 291M+0.2% | |
| Shares outstanding (cover) | 254M-0.6% | 255M-3.4% | 264M-6.5% | 283M-3.0% | 291M+0.2% | 291M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| 478M+25.9% | 380M-21.1% | 481M+81.0% | 266M-30.5% | 382M+23.8% | 309M-11.4% | ||
| Depreciation & amortization | 214M-1.4% | 217M-0.3% | 218M+0.1% | 217M-2.4% | 223M+1.8% | 219M-1.6% | |
| Intangible amortization | 129M+0.0% | 129M-0.9% | 130M+1.1% | 128M-3.2% | 133M+2.6% | 129M-0.5% | |
| Share-based compensation | 27.2M-5.6% | 28.8M+5.1% | 27.4M-38.1% | 44.3M+80.1% | 24.6M+24.2% | 19.8M+32.0% | |
| Deferred income taxes | -26.0M-114.9% | -12.1M+81.6% | -65.7M+17.6% | -79.7M+15.5% | -94.3M-97.7% | -47.7M+92.6% | |
| Change in receivables | -18.4M-119.0% | -8.40M+81.6% | -45.6M-135.3% | 129M+479.8% | 22.3M+329.9% | -9.70M+76.8% | |
| Change in inventory | -14.3M-122.3% | 64.0M+361.2% | -24.5M-744.8% | -2.90M-101.5% | 192M+770.6% | 22.1M+133.9% | |
| Change in payables | 4.30M+115.6% | -27.6M-55.1% | -17.8M-11.9% | -15.9M-116.0% | 99.6M+248.3% | 28.6M+159.3% | |
| Other operating activities | 4.30M+4400.0% | -100K-101.9% | 5.30M-19.7% | 6.60M+78.4% | 3.70M-59.3% | 9.10M+122.0% | |
| -119M-14.0% | -104M-27.6% | -81.8M+9.8% | -90.7M-5.5% | -86.0M-11.0% | -77.5M+0.6% | ||
| Capital expenditure | 73.2M-11.9% | 83.1M+35.8% | 61.2M-21.1% | 77.6M-0.1% | 77.7M+33.5% | 58.2M-19.3% | |
| Free cash flow | 405M+36.6% | 297M-29.4% | 420M+123.1% | 188M-38.2% | 305M+21.5% | 251M-9.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 0.00-100.0% | 11.3M | 0.00 | 0.00 | — | — | |
| Proceeds from sale of PP&E | 2.30M-80.8% | 12.0M+900.0% | 1.20M | 0.00 | 0.00 | — | |
| Other investing activities | 800K | 0.00 | 0.00+100.0% | -1.90M+80.6% | -9.80M-1500.0% | 700K+118.4% | |
| -251M+12.4% | -287M-11.0% | -258M-2.1% | -253M-70.3% | -149M+58.0% | -354M-496.6% | ||
| Long-term debt issued | 0.00-100.0% | 1.84B+1740.0% | 100M-84.5% | 645M | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 123M-93.7% | 1.95B+1529.1% | 120M-82.3% | 677M+643.8% | 91.0M-72.5% | 331M-44.2% | |
| Common stock issued | 10.4M-30.2% | 14.9M-20.3% | 18.7M+17.6% | 15.9M+245.7% | 4.60M+48.4% | 3.10M+72.2% | |
| Common stock repurchased | 119M-32.3% | 176M-30.0% | 252M+43.1% | 176M+1559.4% | 10.6M | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 8.70M-60.8% | 22.2M+29.8% | 17.1M+285.9% | -9.20M+30.8% | -13.3M-107.8% | -6.40M-681.8% | |
| FX effect on cash | 22.2M+180.1% | -27.7M-1729.4% | 1.70M+213.3% | -1.50M+86.4% | -11.0M-212.2% | 9.80M+2350.0% | |
| Net change in cash | 130M+432.1% | -39.2M-127.5% | 143M+279.4% | -79.5M-158.1% | 137M+221.6% | -113M-153.1% | |
| Interest paid | 121M-9.0% | 133M-14.5% | 155M+30.7% | 119M-2.1% | 121M-10.7% | 136M-10.0% | |
| Income taxes paid | 112M-8.8% | 122M+10.7% | 111M-6.2% | 118M+41.9% | 83.0M+37.4% | 60.4M-44.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofJan 1 ’22 | as ofJan 2 ’21 | |
| Market cap | 5.45B+3.5% | 5.27B+48.5% | 3.54B+10.0% | 3.22B-30.6% | 4.64B+25.2% | 3.71B-6.7% | |
| P/E | 21.7×-8.9% | 23.8×+71.2% | 13.9×-14.3% | 16.2×-9.6% | 18.0×-64.0% | 49.8×+834.5% | |
| P/S | 1.6×+3.5% | 1.5×+55.4% | 1.0×+6.2% | 0.9×-31.1% | 1.3×-1.2% | 1.4×+8.0% | |
| P/B | 1.6×-3.4% | 1.7×+47.6% | 1.1×+4.5% | 1.1×-28.7% | 1.5×+7.8% | 1.4×-7.5% | |
| P/FCF | 13.5×-24.2% | 17.8×+140.7% | 7.4×-75.4% | 30.0×+106.3% | 14.5×+6.1% | 13.7×-16.3% | |
| Earnings yield | 4.6%+9.8% | 4.2%-41.6% | 7.2%+16.7% | 6.2%+10.6% | 5.6%+177.4% | 2.0%-89.3% | |
| FCF yield | 7.4%+31.9% | 5.6%-58.4% | 13.6%+306.8% | 3.3%-51.5% | 6.9%-5.7% | 7.3%+19.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GTES’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GTES filings on SEC EDGAR → Not investment advice.