Company research
Gates Industrial Corp Ltd.
CIK 1718512Updated Sep 27, 2026
SecurityGTES · NYSE · equity
Name history
Gates Industrial Corp plc · through Jul 20, 2026
GTES price & chart
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NYSE:GTES on TradingView ↗In the news
Gates Industrial Announces Fourth-Quarter 2025 Earnings Release Date ↗
Recent filings
Show 5 more recent filings
15-12G filing
S-8 POS filing
S-8 POS filing
S-8 POS filing
8-K12B filing
Items 3.01, 3.02, 3.03, 5.02, 5.03, 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,151,400,000Source | 6,786,300,000Source | 7,254,500,000Source | 7,191,600,000Source |
| GoodwillUSD | 2,035,200,000Source | 1,908,900,000Source | 2,038,700,000Source | 1,981,100,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,192,400,000Source | 1,248,600,000Source | 1,386,100,000Source | 1,490,400,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 812,100,000Source | 682,000,000Source | 720,600,000Source | 578,400,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 744,200,000Source | 722,700,000Source | 768,200,000Source | 808,600,000Source |
| Inventory, NetUSD | 700,000,000Source | 676,000,000Source | 647,200,000Source | 656,200,000Source |
| Assets, CurrentUSD | 2,481,500,000Source | 2,306,000,000Source | 2,401,300,000Source | 2,277,400,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 181,800,000Source | 196,700,000Source | 234,900,000Source | 221,200,000Source |
| Operating Lease, Right-of-Use AssetUSD | 137,100,000Source | 139,400,000Source | 120,100,000Source | 132,200,000Source |
| Other Assets, NoncurrentUSD | 43,200,000Source | 24,000,000Source | 28,800,000Source | 47,500,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,462,200,000Source | 3,446,000,000Source | 3,710,600,000Source | 3,748,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,600,000Source | 2,600,000Source | 2,600,000Source | 2,800,000Source |
| Additional Paid in CapitalUSD | 2,633,300,000Source | 2,618,600,000Source | 2,583,800,000Source | 2,542,100,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,652,700,000Source | 1,479,600,000Source | 1,462,300,000Source | 1,482,900,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -917,100,000Source | -1,077,200,000Source | -828,500,000Source | -917,800,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,334,000,000Source | 3,023,600,000Source | 3,220,200,000Source | 3,110,000,000Source |
| Liabilities and EquityUSD | 7,151,400,000Source | 6,786,300,000Source | 7,254,500,000Source | 7,191,600,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 735,400,000Source | 721,500,000Source | 779,300,000Source | 752,300,000Source |
| Operating Lease, Liability, CurrentUSD | 25,100,000Source | 24,500,000Source | 22,200,000Source | 24,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 122,800,000Source | 125,800,000Source | 109,500,000Source | 120,300,000Source |
| Deferred Income Tax Liabilities, NetUSD | 49,300,000Source | 56,800,000Source | 119,400,000Source | 192,000,000Source |
| Other Liabilities, NoncurrentUSD | 225,800,000Source | 68,700,000Source | 123,100,000Source | 99,700,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 355,200,000Source | 316,700,000Source | 323,700,000Source | 333,600,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 238,500,000Source | 251,300,000Source | 248,500,000Source | 222,600,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 36,200,000Source | 39,100,000Source | 36,500,000Source | 36,600,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,196,300,000Source | 2,311,500,000Source | 2,415,000,000Source | 2,426,400,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 276,300,000Source | 219,900,000Source | 256,400,000Source | 242,500,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 213,800,000Source | 216,900,000Source | 217,500,000Source | 217,200,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 27,200,000Source | 28,800,000Source | 27,400,000Source | 44,300,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -18,400,000Source | -8,400,000Source | -45,600,000Source | 129,300,000Source |
| Increase (Decrease) in InventoriesUSD | -14,300,000Source | 64,000,000Source | -24,500,000Source | -2,900,000Source |
| Increase (Decrease) in Accounts PayableUSD | 4,300,000Source | -27,600,000Source | -17,800,000Source | -15,900,000Source |
| Deferred Income Tax Expense (Benefit)USD | -26,000,000Source | -12,100,000Source | -65,700,000Source | -79,700,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 478,100,000Source | 379,600,000Source | 481,000,000Source | 265,800,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -119,000,000Source | -104,400,000Source | -81,800,000Source | -90,700,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 800,000Source | 0Source | 0Source | -1,900,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 73,200,000Source | 83,100,000Source | 61,200,000Source | 77,600,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 21,000,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | 119,300,000Source | 176,100,000Source | 251,700,000Source | 175,900,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -251,100,000Source | -286,700,000Source | -258,300,000Source | -253,100,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 8,700,000Source | 17,500,000Source | 13,800,000Source | -9,200,000Source |
| Repayments of Long-term DebtUSD | 123,400,000Source | 1,948,400,000Source | 119,600,000Source | 676,900,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 130,200,000Source | -39,200,000Source | 142,600,000Source | -79,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 815,000,000Source | 684,800,000Source | 724,000,000Source | 581,400,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 120,700,000Source | 132,600,000Source | 155,100,000Source | 118,700,000Source |
| Income Taxes Paid, NetUSD | 111,500,000Source | 122,300,000Source | 110,500,000Source | 117,800,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 22,200,000Source | -27,700,000Source | 1,700,000Source | -1,500,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 128,600,000Source | 128,600,000Source | 129,800,000Source | 128,400,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | 0Source | -12,700,000Source | — | — |
| DepreciationUSD | 85,200,000Source | 88,300,000Source | 87,700,000Source | 88,800,000Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | -800,000Source | -600,000Source | -600,000Source | -400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 25,200,000Source | 44,200,000Source | 24,800,000Source | -5,800,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -300,000Source | 7,300,000Source | — | — |
| GoodwillUSD | 2,035,200,000Source | 1,908,900,000Source | 2,038,700,000Source | 1,981,100,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 277,100,000Source | 220,500,000Source | 257,000,000Source | 242,900,000Source |
| Income Tax Expense (Benefit)USD | 63,100,000Source | 107,500,000Source | 28,300,000Source | 14,900,000Source |
| InterestExpenseNonoperatingUSD | 125,900,000Source | 155,800,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 251,400,000Source | 194,900,000Source | 232,900,000Source | 220,800,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 24,900,000Source | 25,000,000Source | 23,500,000Source | 21,700,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 30,500,000Source |
| Other Depreciation and AmortizationUSD | 96,000,000Source | 99,100,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 800,000Source | 17,800,000Source | -14,100,000Source | 13,200,000Source |
| Other Operating Income (Expense), NetUSD | 0Source | 0Source | -200,000Source | -200,000Source |
| Payments to Acquire InvestmentsUSD | 0Source | 11,300,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 10,400,000Source | 14,900,000Source | 18,700,000Source | 15,900,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 1,840,000,000Source | 100,000,000Source | 645,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 10,400,000Source | 14,900,000Source | 18,700,000Source | 15,900,000Source |
| Restructuring Costs and Asset Impairment ChargesUSD | 29,800,000Source | 6,500,000Source | 1,400,000Source | 1,300,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 3,443,200,000Source | 3,408,200,000Source | 3,570,200,000Source | 3,554,200,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 876,100,000Source | 870,000,000Source | 882,200,000Source | 853,700,000Source |
| Operating Income (Loss)USD | 465,300,000Source | 478,700,000Source | 462,600,000Source | 384,000,000Source |
| Other Nonoperating Income (Expense)USD | 800,000Source | 17,800,000Source | -14,100,000Source | 13,200,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 340,200,000Source | 328,000,000Source | 285,300,000Source | 257,800,000Source |
| Income Tax Expense (Benefit)USD | 63,100,000Source | 107,500,000Source | 28,300,000Source | 14,900,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 24,900,000Source | 25,000,000Source | 23,500,000Source | 21,700,000Source |
| Net Income (Loss) Attributable to ParentUSD | 251,400,000Source | 194,900,000Source | 232,900,000Source | 220,800,000Source |
| Earnings Per Share, BasicUSD per share | 0.98Source | 0.75Source | 0.86Source | 0.78Source |
| Earnings Per Share, DilutedUSD per share | 0.96Source | 0.74Source | 0.84Source | 0.77Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 260,534,865Source | 264,675,566Source | 275,648,328Source | 287,586,210Source |
| Interest Expense (non-operating)USD | 125,900,000Source | 155,800,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 128,600,000Source | 128,600,000Source | 129,800,000Source | 128,400,000Source |
| Business Combination, Acquisition Related CostsUSD | 500,000Source | 3,300,000Source | 2,200,000Source | 2,100,000Source |
| Current Income Tax Expense (Benefit)USD | 89,100,000Source | 119,600,000Source | 94,000,000Source | 94,600,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 25,200,000Source | 44,200,000Source | 24,800,000Source | -5,800,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 1,371,700,000Source | 1,358,500,000Source | 1,358,900,000Source | 1,250,600,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 277,100,000Source | 220,500,000Source | 257,000,000Source | 242,900,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 0.98Source | 0.75Source | 0.86Source | 0.78Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 0.96Source | 0.74Source | 0.84Source | 0.77Source |
| Interest ExpenseUSD | — | — | 163,200,000Source | 139,400,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 30,500,000Source |
| Other Operating Income (Expense), NetUSD | 0Source | 0Source | -200,000Source | -200,000Source |
| Research and Development ExpenseUSD | 71,900,000Source | 66,500,000Source | 66,000,000Source | 69,400,000Source |