Gates Industrial (GTES) Financials

$17.26 -0.12 (-0.66%)

Closing price 03:59 PM Eastern

Extended Trading

$17.24 -0.03 (-0.17%)

As of 04:20 PM Eastern

Annual Income Statements for Gates Industrial

This table shows Gates Industrial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	58	151	245	690	79	297	221	233	195
Consolidated Net Income / (Loss)	84	183	271	694	90	331	243	256	220
Net Income / (Loss) Continuing Operations	72	182	272	695	90	331	243	257	221
Total Pre-Tax Income	93	110	304	199	71	350	258	285	328
Total Operating Income	305	403	497	347	211	484	384	463	479
Total Gross Profit	1,061	1,218	1,331	1,143	1,035	1,339	1,251	1,359	1,359
Total Revenue	2,747	3,042	3,348	3,087	2,793	3,474	3,554	3,570	3,408
Operating Revenue	2,747	3,042	3,348	3,087	2,793	3,474	3,554	3,570	3,408
Total Cost of Revenue	1,686	1,824	2,017	1,945	1,758	2,135	2,304	2,211	2,050
Operating Cost of Revenue	1,686	1,824	2,017	1,945	1,758	2,135	2,304	2,211	2,050
Total Operating Expenses	756	815	834	796	824	855	867	896	880
Selling, General & Admin Expense	738	777	806	777	777	853	854	882	870
Other Operating Expenses / (Income)	2.80	-0.30	14	9.10	-1.00	-9.30	0.20	0.20	0.00
Impairment Charge	3.20	2.80	0.60	0.70	5.20	0.60	1.10	0.10	0.00
Restructuring Charge	12	36	13	8.60	43	11	12	14	9.80
Total Other Income / (Expense), net	-212	-293	-193	-148	-140	-134	-126	-177	-151
Interest Expense	216	235	176	158	154	134	139	163	156
Interest & Investment Income	-	-	-	-	-	-	0.00	0.00	-13
Other Income / (Expense), net	4.00	-59	-17	9.80	14	-0.90	13	-14	18
Income Tax Expense	21	-73	32	-496	-19	18	15	28	108
Net Income / (Loss) Discontinued Operations	12	0.70	-0.60	-0.60	-0.30	0.00	-0.40	-0.60	-0.60
Net Income / (Loss) Attributable to Noncontrolling Interest	27	31	26	4.00	11	34	22	24	25
Basic Earnings per Share	$0.23	$0.62	$0.86	$2.38	$0.27	$1.02	$0.78	$0.86	$0.75
Weighted Average Basic Shares Outstanding	-	245.52M	285.91M	290.47M	290.85M	291.35M	282.60M	264.27M	255.41M
Diluted Earnings per Share	$0.23	$0.60	$0.84	$2.37	$0.27	$1.00	$0.77	$0.84	$0.74
Weighted Average Diluted Shares Outstanding	-	245.52M	285.91M	290.47M	290.85M	291.35M	282.60M	264.27M	255.41M
Weighted Average Basic & Diluted Shares Outstanding	-	245.52M	285.91M	290.47M	290.85M	291.35M	282.60M	264.27M	255.41M

This table shows Gates Industrial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	52	85	26	65	79	63	40	71	48	37
Consolidated Net Income / (Loss)	56	90	31	71	86	69	46	78	55	41
Net Income / (Loss) Continuing Operations	56	90	31	71	86	69	46	78	55	41
Total Pre-Tax Income	67	84	46	81	87	72	81	90	69	88
Total Operating Income	104	99	87	129	126	120	117	136	113	113
Total Gross Profit	310	310	325	353	343	338	330	357	336	335
Total Revenue	861	893	898	936	873	863	863	886	831	829
Operating Revenue	861	893	898	936	873	863	863	886	831	829
Total Cost of Revenue	551	583	573	584	530	526	533	528	495	494
Operating Cost of Revenue	551	583	573	584	530	526	533	528	495	494
Total Operating Expenses	206	211	238	224	218	217	213	221	223	223
Selling, General & Admin Expense	200	210	232	221	213	216	212	218	220	220
Restructuring Charge	5.40	1.20	5.70	2.80	3.90	1.40	1.60	2.80	2.70	2.70
Total Other Income / (Expense), net	-36	-16	-41	-48	-39	-49	-36	-46	-44	-25
Interest Expense	33	41	41	45	40	38	38	49	35	34
Other Income / (Expense), net	-3.10	25	-0.30	-3.70	0.20	-10	1.50	3.10	3.90	9.30
Income Tax Expense	11	-6.60	15	9.60	1.00	2.40	35	12	14	47
Net Income / (Loss) Discontinued Operations	0.00	-0.10	-0.30	-0.10	-0.10	-0.10	-0.10	-0.30	-0.10	-0.10
Net Income / (Loss) Attributable to Noncontrolling Interest	4.10	5.20	4.20	6.30	6.80	6.20	6.10	6.90	7.50	4.50
Basic Earnings per Share	$0.18	$0.30	$0.09	$0.24	$0.30	$0.23	$0.15	$0.27	$0.18	$0.15
Weighted Average Basic Shares Outstanding	282.45M	282.60M	285.03M	264.09M	264.11M	264.27M	261.38M	261.61M	254.72M	255.41M
Diluted Earnings per Share	$0.18	$0.30	$0.09	$0.23	$0.29	$0.23	$0.15	$0.26	$0.18	$0.15
Weighted Average Diluted Shares Outstanding	282.45M	282.60M	285.03M	264.09M	264.11M	264.27M	261.38M	261.61M	254.72M	255.41M
Weighted Average Basic & Diluted Shares Outstanding	282.45M	282.60M	285.03M	264.09M	264.11M	264.27M	261.38M	261.61M	254.72M	255.41M

This table details how cash moves in and out of Gates Industrial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	189	37	-141	212	-113	137	-80	143	-39
Net Cash From Operating Activities	377	320	314	349	309	382	266	481	380
Net Cash From Continuing Operating Activities	377	320	314	349	309	382	266	481	380
Net Income / (Loss) Continuing Operations	84	183	271	694	90	331	243	256	220
Consolidated Net Income / (Loss)	84	183	271	694	90	331	243	256	220
Depreciation Expense	241	212	219	222	219	223	217	218	217
Non-Cash Adjustments To Reconcile Net Income	8.30	103	51	18	33	45	37	-7.20	-19
Changes in Operating Assets and Liabilities, net	43	-178	-227	-586	-33	-217	-231	14	-38
Net Cash From Investing Activities	-68	-227	-244	-78	-78	-86	-91	-82	-104
Net Cash From Continuing Investing Activities	-68	-227	-244	-78	-78	-86	-91	-82	-104
Purchase of Property, Plant & Equipment	-59	-101	-166	-72	-58	-78	-78	-61	-83
Acquisitions	-9.10	-121	-68	-11	-9.20	-9.30	-9.40	-10	-24
Purchase of Investments	-	-	-	-	-	-	0.00	0.00	-11
Sale of Property, Plant & Equipment	5.20	-	-	-	-	0.00	0.00	1.20	12
Divestitures	-	-	-	-	-	-	0.00	0.00	-13
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	5.00
Other Investing Activities, net	-5.00	-5.20	-10	5.10	-10	1.00	-3.70	-12	9.10
Net Cash From Financing Activities	-111	-75	-199	-59	-354	-149	-253	-258	-287
Net Cash From Continuing Financing Activities	-111	-75	-199	-59	-354	-149	-253	-258	-287
Repayment of Debt	-71	-696	-961	-601	-332	-103	-709	-107	-1,953
Repurchase of Common Equity	-2.00	-3.90	-8.60	0.00	0.00	-11	-176	-252	-176
Payment of Dividends	-39	-25	-35	-29	-19	-27	-29	-18	-13
Issuance of Debt	0.10	648	5.70	569	-6.40	-13	645	100	1,840
Issuance of Common Equity	1.10	0.60	800	1.80	3.10	4.60	16	19	15
Effect of Exchange Rate Changes	-	-	-12	-	-	-	-1.50	1.70	-28
Cash Interest Paid	199	198	158	151	136	121	119	155	133
Cash Income Taxes Paid	42	85	114	109	60	83	118	111	122

This table details how cash moves in and out of Gates Industrial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	2.10	183	16	-30	-8.10	164	-198	57	-5.40	107
Net Cash From Operating Activities	101	247	53	131	108	189	-21	94	116	191
Net Cash From Continuing Operating Activities	101	247	53	131	108	189	-21	94	116	191
Net Income / (Loss) Continuing Operations	56	90	31	71	86	69	46	78	55	41
Consolidated Net Income / (Loss)	56	90	31	71	86	69	46	78	55	41
Depreciation Expense	53	53	55	54	54	55	55	55	54	54
Non-Cash Adjustments To Reconcile Net Income	10	-19	16	15	15	-54	-4.70	-4.80	2.50	-12
Changes in Operating Assets and Liabilities, net	-19	123	-49	-9.20	-47	119	-117	-34	4.60	108
Net Cash From Investing Activities	-29	-19	-30	-11	-17	-24	-20	-21	-40	-24
Net Cash From Continuing Investing Activities	-29	-19	-30	-11	-17	-24	-20	-21	-40	-24
Purchase of Property, Plant & Equipment	-24	-19	-12	-13	-15	-22	-16	-22	-22	-23
Acquisitions	-3.50	-2.70	-2.80	-2.60	-2.20	-2.60	-2.10	-5.30	-6.10	-10
Sale of Property, Plant & Equipment	-	-	0.20	0.20	0.40	0.40	0.00	11	0.50	1.00
Other Investing Activities, net	-1.30	2.10	-16	3.80	0.10	-	-1.40	7.30	-0.10	3.30
Net Cash From Financing Activities	-50	-76	-2.10	-158	-81	-17	-149	-8.70	-96	-33
Net Cash From Continuing Financing Activities	-50	-76	-2.10	-158	-81	-17	-149	-8.70	-96	-33
Repayment of Debt	-35	-664	-5.20	-20	-82	-0.10	-105	-1,820	-1.00	-27
Payment of Dividends	-14	-	-	-	-	-18	-	-	-	-11
Issuance of Common Equity	1.20	0.80	11	5.40	0.80	1.20	2.50	4.60	2.90	4.90
Effect of Exchange Rate Changes	-	-	-	-	-18	15	-	-	-	-26
Cash Interest Paid	38	24	46	31	49	29	46	41	19	28
Cash Income Taxes Paid	29	20	27	21	23	40	37	25	27	34

This table presents Gates Industrial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	6,854	6,723	7,411	7,426	7,533	7,192	7,255	6,786
Total Current Assets	1,826	1,815	1,959	1,907	2,279	2,277	2,401	2,306
Cash & Equivalents	564	423	635	521	658	578	721	682
Accounts Receivable	714	742	695	695	708	809	768	723
Inventories, net	457	538	475	508	683	656	647	676
Prepaid Expenses	77	104	131	153	211	221	235	197
Current Deferred & Refundable Income Taxes	14	7.20	22	29	19	13	30	29
Plant, Property, & Equipment, net	686	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	4,341	4,908	5,453	5,520	5,254	4,914	4,853	4,480
Goodwill	2,086	2,046	2,061	2,120	2,063	1,981	2,039	1,909
Intangible Assets	2,127	1,991	1,876	1,789	1,642	1,490	1,386	1,249
Noncurrent Deferred & Refundable Income Taxes	33	33	610	699	655	615	641	574
Employee Benefit Assets	58	53	38	69	76	10	8.60	5.70
Other Noncurrent Operating Assets	39	786	868	843	819	817	779	743
Total Liabilities & Shareholders' Equity	6,854	6,723	7,411	7,426	7,533	7,192	7,255	6,786
Total Liabilities	5,425	4,389	4,401	4,241	4,052	3,748	3,711	3,446
Total Current Liabilities	698	679	658	726	856	752	779	722
Short-Term Debt	66	52	46	43	38	37	37	39
Accounts Payable	392	424	375	417	507	470	458	408
Accrued Expenses	210	184	189	252	277	223	249	251
Current Deferred & Payable Income Tax Liabilities	29	19	49	14	34	24	37	23
Total Noncurrent Liabilities	4,728	3,710	3,743	3,515	3,196	2,996	2,931	2,725
Long-Term Debt	3,889	2,953	2,912	2,666	2,527	2,426	2,415	2,312
Noncurrent Deferred & Payable Income Tax Liabilities	517	521	478	472	387	272	199	139
Noncurrent Employee Benefit Liabilities	157	156	151	143	106	76	84	78
Other Noncurrent Operating Liabilities	63	79	201	235	176	222	234	196
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,428	2,334	3,011	3,185	3,481	3,444	3,544	3,340
Total Preferred & Common Equity	1,015	1,947	2,651	2,806	3,100	3,110	3,220	3,024
Total Common Equity	1,015	1,947	2,651	2,806	3,100	3,110	3,220	3,024
Common Stock	1,625	2,420	2,437	2,460	2,487	2,545	2,586	2,621
Retained Earnings	137	382	1,072	1,151	1,438	1,483	1,462	1,480
Accumulated Other Comprehensive Income / (Loss)	-747	-854	-858	-805	-825	-918	-829	-1,077
Noncontrolling Interest	414	386	360	379	382	334	324	317

This table presents Gates Industrial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	7,039	7,282	7,277	7,109	7,046	7,035	7,122
Total Current Assets	2,217	2,357	2,374	2,318	2,287	2,377	2,401
Cash & Equivalents	395	595	565	557	522	580	574
Accounts Receivable	805	840	875	822	798	808	812
Inventories, net	687	659	644	646	677	697	725
Prepaid Expenses	267	236	250	243	246	238	227
Current Deferred & Refundable Income Taxes	63	26	40	50	44	55	63
Plant, Property, & Equipment, net	0.00	640	0.00	0.00	619	0.00	0.00
Total Noncurrent Assets	4,822	4,286	4,903	4,791	4,140	4,658	4,721
Goodwill	1,905	2,015	2,018	1,984	2,013	1,967	1,997
Intangible Assets	1,492	1,470	1,439	1,400	1,347	1,309	1,295
Noncurrent Deferred & Refundable Income Taxes	546	622	634	623	626	626	662
Employee Benefit Assets	64	9.80	10	9.80	8.40	8.30	8.40
Other Noncurrent Operating Assets	815	168	802	775	146	748	759
Total Liabilities & Shareholders' Equity	7,039	7,282	7,277	7,109	7,046	7,035	7,122
Total Liabilities	3,795	3,729	3,886	3,697	3,551	3,541	3,664
Total Current Liabilities	747	738	798	780	748	763	796
Short-Term Debt	28	28	37	28	28	22	36
Accounts Payable	453	452	471	441	451	441	428
Accrued Expenses	217	229	238	243	224	239	265
Current Deferred & Payable Income Tax Liabilities	48	29	53	68	45	61	67
Total Noncurrent Liabilities	3,049	2,991	3,088	2,917	2,803	2,777	2,868
Long-Term Debt	2,467	2,423	2,521	2,418	2,313	2,310	2,342
Noncurrent Deferred & Payable Income Tax Liabilities	316	262	254	231	198	182	179
Noncurrent Employee Benefit Liabilities	91	75	74	72	82	79	78
Other Noncurrent Operating Liabilities	174	230	239	196	210	206	270
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,244	3,554	3,391	3,412	3,495	3,494	3,458
Total Preferred & Common Equity	2,936	3,215	3,070	3,091	3,179	3,177	3,110
Total Common Equity	2,936	3,215	3,070	3,091	3,179	3,177	3,110
Common Stock	2,536	2,563	2,576	2,578	2,593	2,604	2,609
Retained Earnings	1,398	1,509	1,321	1,399	1,452	1,523	1,570
Treasury Stock	-	-	-	-	-	-	-127
Accumulated Other Comprehensive Income / (Loss)	-998	-857	-826	-886	-866	-949	-942
Noncontrolling Interest	308	339	321	321	317	317	348

This table displays calculated financial ratios and metrics derived from Gates Industrial's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	10.73%	10.06%	-7.78%	-9.53%	24.40%	2.30%	0.45%	-4.54%
EBITDA Growth	0.00%	1.13%	25.45%	-17.07%	-23.31%	59.00%	-12.95%	8.40%	7.12%
EBIT Growth	0.00%	11.25%	39.32%	-25.62%	-36.82%	114.47%	-17.80%	12.92%	10.70%
NOPAT Growth	0.00%	183.71%	-33.59%	172.49%	-77.85%	70.82%	-21.11%	15.18%	-22.77%
Net Income Growth	0.00%	116.73%	48.39%	156.03%	-87.03%	268.11%	-26.80%	5.73%	-14.24%
EPS Growth	0.00%	160.87%	40.00%	182.14%	-88.61%	270.37%	-23.00%	9.09%	-11.90%
Operating Cash Flow Growth	0.00%	-15.08%	-2.00%	11.29%	-11.44%	23.75%	-30.49%	80.96%	-21.08%
Free Cash Flow Firm Growth	0.00%	0.00%	108.41%	127.23%	-71.01%	92.68%	-4.90%	11.56%	25.01%
Invested Capital Growth	0.00%	0.00%	1.98%	8.51%	0.72%	0.29%	-1.11%	-1.00%	-5.04%
Revenue Q/Q Growth	0.00%	0.00%	0.31%	-2.11%	2.51%	0.62%	2.24%	-0.83%	-0.98%
EBITDA Q/Q Growth	0.00%	0.00%	6.29%	-7.91%	4.64%	-2.14%	8.38%	-1.80%	1.57%
EBIT Q/Q Growth	0.00%	0.00%	9.13%	-12.15%	9.26%	-3.05%	14.27%	-3.05%	2.46%
NOPAT Q/Q Growth	0.00%	0.00%	-27.46%	3.26%	-10.70%	11.97%	-3.26%	0.96%	-17.01%
Net Income Q/Q Growth	0.00%	0.00%	-14.96%	-7.60%	8.56%	13.19%	8.50%	-7.57%	-11.29%
EPS Q/Q Growth	0.00%	0.00%	-20.00%	-6.32%	-3.57%	13.64%	13.24%	-7.69%	-9.76%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.38%	10.27%	-6.70%	-3.19%	41.61%	-10.71%	0.42%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	2.67%	-50.74%	86.26%	-9.02%	3.24%	37.48%
Invested Capital Q/Q Growth	0.00%	0.00%	-2.21%	-1.72%	2.12%	-0.83%	-0.29%	-0.49%	-4.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	38.62%	40.04%	39.75%	37.01%	37.05%	38.54%	35.19%	38.06%	39.86%
EBITDA Margin	20.03%	18.29%	20.85%	18.75%	15.89%	20.31%	17.29%	18.65%	20.93%
Operating Margin	11.11%	13.25%	14.84%	11.23%	7.56%	13.93%	10.80%	12.96%	14.05%
EBIT Margin	11.26%	11.31%	14.32%	11.55%	8.07%	13.91%	11.18%	12.56%	14.57%
Profit (Net Income) Margin	3.07%	6.01%	8.10%	22.48%	3.22%	9.54%	6.82%	7.18%	6.45%
Tax Burden Percent	90.65%	166.85%	89.32%	349.14%	126.76%	94.74%	94.07%	89.87%	67.04%
Interest Burden Percent	30.07%	31.82%	63.31%	55.75%	31.51%	72.37%	64.90%	63.61%	66.06%
Effective Tax Rate	22.69%	-66.21%	10.48%	-249.45%	-27.18%	5.26%	5.78%	9.92%	32.77%
Return on Invested Capital (ROIC)	0.00%	27.79%	9.14%	23.65%	5.02%	8.52%	6.75%	7.86%	6.26%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-0.93%	3.32%	2.53%	-2.90%	2.30%	0.46%	-1.01%	0.26%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-2.21%	5.28%	2.33%	-2.11%	1.41%	0.25%	-0.52%	0.13%
Return on Equity (ROE)	0.00%	25.58%	14.41%	25.97%	2.91%	9.94%	7.00%	7.34%	6.39%
Cash Return on Invested Capital (CROIC)	0.00%	-172.21%	7.17%	15.48%	4.30%	8.24%	7.87%	8.87%	11.43%
Operating Return on Assets (OROA)	0.00%	5.02%	7.06%	5.05%	3.04%	6.46%	5.40%	6.21%	7.07%
Return on Assets (ROA)	0.00%	2.67%	3.99%	9.82%	1.21%	4.43%	3.29%	3.55%	3.13%
Return on Common Equity (ROCE)	0.00%	18.17%	11.35%	22.35%	2.56%	8.80%	6.28%	6.65%	5.79%
Return on Equity Simple (ROE_SIMPLE)	0.00%	18.01%	13.92%	26.18%	3.21%	10.69%	7.80%	7.96%	7.27%
Net Operating Profit after Tax (NOPAT)	236	670	445	1,212	268	459	362	417	322
NOPAT Margin	8.59%	22.02%	13.29%	39.26%	9.61%	13.20%	10.18%	11.67%	9.44%
Net Nonoperating Expense Percent (NNEP)	0.00%	28.72%	5.81%	21.11%	7.91%	6.22%	6.29%	8.87%	6.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	6.13%	6.95%	5.65%
Cost of Revenue to Revenue	61.38%	59.96%	60.25%	62.99%	62.95%	61.46%	64.81%	61.94%	60.14%
SG&A Expenses to Revenue	26.85%	25.55%	24.07%	25.18%	27.82%	24.54%	24.02%	24.71%	25.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.50%	26.80%	24.91%	25.78%	29.49%	24.61%	24.38%	25.11%	25.81%
Earnings before Interest and Taxes (EBIT)	309	344	479	357	225	483	397	449	497
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	550	556	698	579	444	706	614	666	713
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.72	1.96	1.50	1.32	1.50	1.04	1.10	1.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.27	0.24	1.14	1.29	1.33	1.34	0.91	0.99	1.54
Price to Earnings (P/E)	12.68	4.83	15.57	5.76	46.73	15.63	14.60	15.22	27.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.89%	20.68%	6.42%	17.35%	2.14%	6.40%	6.85%	6.57%	3.70%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.94	1.38	1.25	1.17	1.29	1.02	1.06	1.45
Enterprise Value to Revenue (EV/Rev)	0.00	1.49	2.03	2.16	2.25	2.00	1.53	1.57	2.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.16	9.73	11.51	14.14	9.82	8.86	8.41	10.16
Enterprise Value to EBIT (EV/EBIT)	0.00	13.18	14.16	18.68	27.86	14.35	13.70	12.48	14.60
Enterprise Value to NOPAT (EV/NOPAT)	0.00	6.77	15.26	5.50	23.38	15.12	15.04	13.44	22.53
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	14.18	21.65	19.09	20.31	18.13	20.47	11.64	19.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.44	8.39	27.29	15.65	12.91	11.91	12.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	2.77	1.29	0.98	0.85	0.74	0.72	0.69	0.70
Long-Term Debt to Equity	0.00	2.72	1.27	0.97	0.84	0.73	0.70	0.68	0.69
Financial Leverage	0.00	2.37	1.59	0.92	0.73	0.61	0.55	0.52	0.49
Leverage Ratio	0.00	4.80	3.61	2.64	2.39	2.24	2.13	2.07	2.04
Compound Leverage Factor	0.00	1.53	2.28	1.47	0.75	1.62	1.38	1.32	1.35
Debt to Total Capital	0.00%	73.47%	56.29%	49.56%	45.96%	42.42%	41.70%	40.89%	41.30%
Short-Term Debt to Total Capital	0.00%	1.23%	0.97%	0.77%	0.72%	0.63%	0.62%	0.61%	0.69%
Long-Term Debt to Total Capital	0.00%	72.24%	55.32%	48.79%	45.23%	41.79%	41.08%	40.28%	40.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	7.69%	7.24%	6.03%	6.44%	6.31%	5.65%	5.40%	5.57%
Common Equity to Total Capital	0.00%	18.84%	36.48%	44.41%	47.61%	51.27%	52.65%	53.71%	53.13%
Debt to EBITDA	0.00	7.11	4.31	5.11	6.10	3.63	4.01	3.68	3.29
Net Debt to EBITDA	0.00	6.10	3.70	4.01	4.93	2.70	3.07	2.60	2.34
Long-Term Debt to EBITDA	0.00	6.99	4.23	5.03	6.01	3.58	3.95	3.63	3.24
Debt to NOPAT	0.00	5.91	6.76	2.44	10.09	5.59	6.81	5.88	7.30
Net Debt to NOPAT	0.00	5.06	5.80	1.92	8.15	4.16	5.21	4.15	5.19
Long-Term Debt to NOPAT	0.00	5.81	6.64	2.40	9.93	5.51	6.71	5.80	7.18
Altman Z-Score	0.00	0.92	1.54	1.53	1.41	1.85	1.74	1.82	2.25
Noncontrolling Interest Sharing Ratio	0.00%	28.97%	21.27%	13.96%	11.93%	11.42%	10.33%	9.41%	9.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.62	2.67	2.98	2.63	2.66	3.03	3.08	3.20
Quick Ratio	0.00	1.83	1.72	2.02	1.67	1.60	1.84	1.91	1.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-4,150	349	793	230	443	421	470	588
Operating Cash Flow to CapEx	700.19%	316.42%	188.74%	483.91%	530.93%	492.15%	342.53%	801.67%	533.90%
Free Cash Flow to Firm to Interest Expense	0.00	-17.69	1.98	5.03	1.49	3.32	3.02	2.88	3.77
Operating Cash Flow to Interest Expense	1.74	1.36	1.78	2.21	2.00	2.86	1.91	2.95	2.44
Operating Cash Flow Less CapEx to Interest Expense	1.49	0.93	0.84	1.75	1.63	2.28	1.35	2.58	1.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.44	0.49	0.44	0.38	0.46	0.48	0.49	0.49
Accounts Receivable Turnover	0.00	4.26	4.60	4.30	4.02	4.95	4.69	4.53	4.57
Inventory Turnover	0.00	3.99	4.06	3.84	3.58	3.59	3.44	3.39	3.10
Fixed Asset Turnover	0.00	4.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	4.65	4.94	4.87	4.44	4.62	4.72	4.77	4.73
Days Sales Outstanding (DSO)	0.00	85.66	79.38	84.95	90.81	73.70	77.88	80.60	79.83
Days Inventory Outstanding (DIO)	0.00	91.49	90.00	95.04	102.06	101.78	106.06	107.57	117.81
Days Payable Outstanding (DPO)	0.00	78.46	73.83	74.96	82.21	78.98	77.34	76.53	77.10
Cash Conversion Cycle (CCC)	0.00	98.68	95.55	105.03	110.65	96.50	106.61	111.64	120.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	4,820	4,915	5,334	5,372	5,388	5,328	5,275	5,009
Invested Capital Turnover	0.00	1.26	0.69	0.60	0.52	0.65	0.66	0.67	0.66
Increase / (Decrease) in Invested Capital	0.00	4,820	96	419	39	16	-60	-53	-266
Enterprise Value (EV)	0.00	4,537	6,788	6,660	6,277	6,933	5,441	5,599	7,250
Market Capitalization	732	732	3,820	3,978	3,710	4,645	3,223	3,544	5,265
Book Value per Share	$0.00	$4.13	$6.72	$9.14	$9.65	$10.62	$11.01	$12.19	$11.87
Tangible Book Value per Share	$0.00	($13.02)	($7.21)	($4.43)	($3.79)	($2.07)	($1.28)	($0.77)	($0.53)
Total Capital	0.00	5,384	5,339	5,969	5,894	6,046	5,907	5,995	5,691
Total Debt	0.00	3,956	3,005	2,958	2,709	2,565	2,463	2,452	2,351
Total Long-Term Debt	0.00	3,889	2,953	2,912	2,666	2,527	2,426	2,415	2,312
Net Debt	0.00	3,391	2,582	2,323	2,187	1,906	1,885	1,731	1,669
Capital Expenditures (CapEx)	54	101	166	72	58	78	78	60	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	630	764	711	702	803	983	938	942
Debt-free Net Working Capital (DFNWC)	0.00	1,195	1,187	1,347	1,223	1,461	1,562	1,659	1,624
Net Working Capital (NWC)	0.00	1,128	1,136	1,301	1,180	1,423	1,525	1,622	1,585
Net Nonoperating Expense (NNE)	152	487	174	518	178	127	119	160	102
Net Nonoperating Obligations (NNO)	0.00	3,391	2,582	2,323	2,187	1,906	1,885	1,731	1,669
Total Depreciation and Amortization (D&A)	241	212	219	222	219	223	217	218	217
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	20.73%	22.82%	23.04%	25.12%	23.10%	27.67%	26.27%	27.63%
Debt-free Net Working Capital to Revenue	0.00%	39.28%	35.46%	43.62%	43.79%	42.05%	43.94%	46.45%	47.64%
Net Working Capital to Revenue	0.00%	37.10%	33.92%	42.13%	42.26%	40.95%	42.91%	45.43%	46.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.62	$0.86	$2.38	$0.27	$1.02	$0.78	$0.86	$0.75
Adjusted Weighted Average Basic Shares Outstanding	0.00	245.52M	289.89M	290.47M	290.85M	291.35M	282.60M	264.27M	255.41M
Adjusted Diluted Earnings per Share	$0.23	$0.60	$0.84	$2.37	$0.27	$1.00	$0.77	$0.84	$0.74
Adjusted Weighted Average Diluted Shares Outstanding	0.00	245.52M	289.89M	290.47M	290.85M	291.35M	282.60M	264.27M	255.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	245.52M	289.89M	290.47M	290.85M	291.35M	282.60M	264.27M	255.41M
Normalized Net Operating Profit after Tax (NOPAT)	248	309	457	249	181	470	374	429	328
Normalized NOPAT Margin	9.01%	10.15%	13.65%	8.07%	6.49%	13.52%	10.52%	12.02%	9.64%
Pre Tax Income Margin	3.39%	3.60%	9.07%	6.44%	2.54%	10.07%	7.25%	7.99%	9.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.43	1.47	2.73	2.26	1.46	3.62	2.85	2.75	3.19
NOPAT to Interest Expense	1.09	2.85	2.53	7.68	1.74	3.44	2.60	2.55	2.07
EBIT Less CapEx to Interest Expense	1.18	1.04	1.78	1.80	1.08	3.04	2.29	2.38	2.73
NOPAT Less CapEx to Interest Expense	0.84	2.42	1.58	7.22	1.36	2.85	2.04	2.19	1.61
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.14%	13.46%	12.98%	4.15%	21.11%	8.03%	11.84%	7.10%	5.91%
Augmented Payout Ratio	48.52%	15.60%	16.16%	4.15%	21.11%	11.23%	84.37%	105.27%	85.99%

This table displays calculated financial ratios and metrics derived from Gates Industrial's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.20%	9.53%	0.48%	3.25%	1.42%	-3.36%	-3.91%	-5.43%	-4.83%	-3.93%
EBITDA Growth	-16.04%	36.62%	15.13%	11.85%	17.02%	-6.88%	22.12%	8.03%	-5.16%	6.67%
EBIT Growth	-21.70%	66.58%	28.32%	19.89%	25.22%	-11.36%	35.86%	11.08%	-7.14%	10.82%
NOPAT Growth	-19.29%	-17.30%	-19.66%	21.90%	44.30%	8.74%	14.42%	3.38%	-27.44%	-54.61%
Net Income Growth	-28.21%	26.72%	-17.96%	20.47%	52.68%	-23.31%	50.65%	8.99%	-35.56%	-40.52%
EPS Growth	-21.74%	42.86%	-10.00%	21.05%	61.11%	-23.33%	66.67%	13.04%	-37.93%	-34.78%
Operating Cash Flow Growth	-1.08%	46.24%	149.81%	456.78%	7.16%	-23.36%	-140.00%	-28.61%	7.51%	0.85%
Free Cash Flow Firm Growth	370.58%	46.35%	489.74%	110.30%	-4.79%	1.89%	-26.45%	19.76%	-22.18%	87.82%
Invested Capital Growth	-1.64%	-1.11%	-2.91%	-1.80%	-0.80%	-1.00%	-1.77%	-2.54%	-0.75%	-5.04%
Revenue Q/Q Growth	-5.08%	3.79%	0.49%	4.30%	-6.77%	-1.10%	-0.08%	2.65%	-6.19%	-0.16%
EBITDA Q/Q Growth	-4.05%	15.14%	-20.15%	26.78%	0.39%	-8.38%	4.73%	12.15%	-11.87%	3.04%
EBIT Q/Q Growth	-3.73%	23.24%	-29.90%	44.14%	0.56%	-12.77%	7.45%	17.85%	-15.94%	4.10%
NOPAT Q/Q Growth	-7.60%	23.98%	-45.39%	94.87%	9.37%	-6.57%	-42.54%	76.06%	-23.23%	-41.55%
Net Income Q/Q Growth	-5.25%	60.89%	-66.04%	132.68%	20.08%	-19.18%	-33.29%	68.33%	-28.99%	-25.41%
EPS Q/Q Growth	-5.26%	66.67%	-70.00%	155.56%	26.09%	-20.69%	-34.78%	73.33%	-30.77%	-16.67%
Operating Cash Flow Q/Q Growth	326.27%	145.53%	-78.74%	150.29%	-17.96%	75.60%	-111.09%	546.67%	23.56%	64.71%
Free Cash Flow Firm Q/Q Growth	73.81%	-5.08%	32.53%	-3.81%	-21.31%	1.57%	-4.34%	56.63%	-48.87%	145.14%
Invested Capital Q/Q Growth	-2.52%	-0.29%	1.53%	-0.49%	-1.53%	-0.49%	0.75%	-1.27%	0.28%	-4.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.96%	34.70%	36.21%	37.67%	39.34%	39.12%	38.26%	40.36%	40.42%	40.43%
EBITDA Margin	17.88%	19.84%	15.76%	19.16%	20.63%	19.11%	20.03%	21.89%	20.56%	21.22%
Operating Margin	12.06%	11.09%	9.72%	13.79%	14.42%	13.93%	13.53%	15.38%	13.63%	13.58%
EBIT Margin	11.70%	13.89%	9.69%	13.39%	14.45%	12.74%	13.70%	15.73%	14.10%	14.70%
Profit (Net Income) Margin	6.51%	10.09%	3.41%	7.60%	9.79%	8.00%	5.34%	8.76%	6.63%	4.96%
Tax Burden Percent	83.09%	107.78%	66.23%	88.01%	98.73%	96.51%	57.13%	86.03%	79.62%	46.76%
Interest Burden Percent	66.93%	67.37%	53.10%	64.51%	68.68%	65.09%	68.27%	64.75%	59.09%	72.11%
Effective Tax Rate	16.91%	-7.89%	33.12%	11.87%	1.15%	3.35%	42.75%	13.64%	20.23%	53.13%
Return on Invested Capital (ROIC)	6.47%	7.94%	4.22%	8.03%	9.64%	9.07%	5.11%	8.71%	7.09%	4.22%
ROIC Less NNEP Spread (ROIC-NNEP)	5.00%	7.05%	2.84%	5.98%	7.69%	6.46%	3.98%	6.57%	5.18%	3.53%
Return on Net Nonoperating Assets (RNNOA)	3.11%	3.86%	1.66%	3.73%	4.61%	3.34%	2.07%	3.57%	2.78%	1.74%
Return on Equity (ROE)	9.57%	11.80%	5.88%	11.75%	14.25%	12.41%	7.18%	12.28%	9.87%	5.96%
Cash Return on Invested Capital (CROIC)	8.60%	7.87%	9.41%	8.71%	8.56%	8.87%	9.59%	10.53%	8.09%	11.43%
Operating Return on Assets (OROA)	5.59%	6.71%	4.70%	6.64%	7.35%	6.30%	6.76%	7.66%	6.82%	7.14%
Return on Assets (ROA)	3.11%	4.87%	1.65%	3.77%	4.99%	3.96%	2.64%	4.27%	3.21%	2.41%
Return on Common Equity (ROCE)	8.58%	10.58%	5.27%	10.59%	12.91%	11.24%	6.51%	11.14%	8.91%	5.41%
Return on Equity Simple (ROE_SIMPLE)	7.61%	0.00%	7.33%	8.07%	8.97%	0.00%	8.55%	8.76%	7.97%	0.00%
Net Operating Profit after Tax (NOPAT)	86	107	58	114	124	116	67	118	90	53
NOPAT Margin	10.02%	11.97%	6.50%	12.15%	14.26%	13.47%	7.75%	13.28%	10.87%	6.36%
Net Nonoperating Expense Percent (NNEP)	1.46%	0.89%	1.37%	2.04%	1.95%	2.61%	1.13%	2.14%	1.91%	0.69%
Return On Investment Capital (ROIC_SIMPLE)	-	1.81%	-	-	-	1.94%	-	-	-	0.93%
Cost of Revenue to Revenue	64.04%	65.30%	63.79%	62.33%	60.66%	60.88%	61.74%	59.64%	59.58%	59.57%
SG&A Expenses to Revenue	23.20%	23.47%	25.86%	23.57%	24.45%	25.02%	24.54%	24.65%	26.47%	26.54%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.90%	23.61%	26.49%	23.88%	24.92%	25.18%	24.73%	24.98%	26.80%	26.85%
Earnings before Interest and Taxes (EBIT)	101	124	87	125	126	110	118	139	117	122
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	154	177	142	179	180	165	173	194	171	176
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	1.04	1.22	1.25	0.99	1.10	1.47	1.30	1.50	1.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.79	0.91	1.10	1.07	0.85	0.99	1.32	1.19	1.36	1.54
Price to Earnings (P/E)	13.87	14.60	18.15	16.84	12.03	15.22	18.98	16.38	21.10	27.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.21%	6.85%	5.51%	5.94%	8.31%	6.57%	5.27%	6.11%	4.74%	3.70%
Enterprise Value to Invested Capital (EV/IC)	0.97	1.02	1.13	1.14	1.00	1.06	1.28	1.18	1.30	1.45
Enterprise Value to Revenue (EV/Rev)	1.49	1.53	1.72	1.72	1.47	1.57	1.93	1.78	1.98	2.13
Enterprise Value to EBITDA (EV/EBITDA)	9.11	8.86	9.67	9.44	7.78	8.41	9.77	8.71	9.71	10.16
Enterprise Value to EBIT (EV/EBIT)	14.85	13.70	14.70	14.08	11.40	12.48	14.20	12.57	14.07	14.60
Enterprise Value to NOPAT (EV/NOPAT)	13.80	15.04	17.27	16.43	12.78	13.44	16.26	14.66	17.58	22.53
Enterprise Value to Operating Cash Flow (EV/OCF)	27.50	20.47	14.44	11.58	9.79	11.64	16.72	16.77	18.04	19.10
Enterprise Value to Free Cash Flow (EV/FCFF)	11.15	12.91	11.85	13.01	11.59	11.91	13.24	11.08	15.95	12.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.77	0.72	0.69	0.75	0.72	0.69	0.67	0.67	0.69	0.70
Long-Term Debt to Equity	0.76	0.70	0.68	0.74	0.71	0.68	0.66	0.66	0.68	0.69
Financial Leverage	0.62	0.55	0.58	0.62	0.60	0.52	0.52	0.54	0.54	0.49
Leverage Ratio	2.19	2.13	2.12	2.16	2.13	2.07	2.03	2.08	2.07	2.04
Compound Leverage Factor	1.47	1.43	1.13	1.40	1.46	1.35	1.39	1.35	1.22	1.47
Debt to Total Capital	43.48%	41.70%	40.82%	42.99%	41.75%	40.89%	40.11%	40.03%	40.74%	41.30%
Short-Term Debt to Total Capital	0.49%	0.62%	0.46%	0.62%	0.47%	0.61%	0.48%	0.37%	0.62%	0.69%
Long-Term Debt to Total Capital	42.99%	41.08%	40.36%	42.38%	41.27%	40.28%	39.63%	39.65%	40.12%	40.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.36%	5.65%	5.64%	5.39%	5.48%	5.40%	5.43%	5.45%	5.96%	5.57%
Common Equity to Total Capital	51.16%	52.65%	53.54%	51.62%	52.77%	53.71%	54.46%	54.53%	53.30%	53.13%
Debt to EBITDA	4.40	4.01	3.87	3.92	3.61	3.68	3.36	3.28	3.39	3.29
Net Debt to EBITDA	3.70	3.07	2.93	3.06	2.78	2.60	2.61	2.46	2.57	2.34
Long-Term Debt to EBITDA	4.35	3.95	3.83	3.87	3.56	3.63	3.32	3.25	3.33	3.24
Debt to NOPAT	6.67	6.81	6.92	6.83	5.92	5.88	5.59	5.51	6.13	7.30
Net Debt to NOPAT	5.62	5.21	5.24	5.32	4.58	4.15	4.34	4.14	4.65	5.19
Long-Term Debt to NOPAT	6.60	6.71	6.84	6.73	5.86	5.80	5.52	5.46	6.04	7.18
Altman Z-Score	1.51	1.61	1.72	1.66	1.60	1.67	1.90	1.84	1.88	2.06
Noncontrolling Interest Sharing Ratio	10.41%	10.33%	10.39%	9.94%	9.44%	9.41%	9.30%	9.26%	9.73%	9.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.97	3.03	3.19	2.97	2.97	3.08	3.06	3.11	3.02	3.20
Quick Ratio	1.61	1.84	1.94	1.80	1.77	1.91	1.76	1.82	1.74	1.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	175	167	221	212	167	170	162	254	130	319
Operating Cash Flow to CapEx	417.43%	1,327.96%	452.59%	1,059.68%	728.38%	892.92%	-131.25%	822.81%	541.59%	856.05%
Free Cash Flow to Firm to Interest Expense	5.27	4.11	5.41	4.77	4.23	4.42	4.33	5.18	3.70	9.35
Operating Cash Flow to Interest Expense	3.02	6.10	1.29	2.95	2.73	4.93	-0.56	1.91	3.30	5.60
Operating Cash Flow Less CapEx to Interest Expense	2.30	5.64	1.00	2.67	2.35	4.38	-0.99	1.68	2.69	4.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.48	0.48	0.50	0.51	0.49	0.49	0.49	0.48	0.49
Accounts Receivable Turnover	4.31	4.69	4.36	4.21	4.42	4.53	4.32	4.14	4.21	4.57
Inventory Turnover	3.36	3.44	3.32	3.42	3.41	3.39	3.25	3.16	3.04	3.10
Fixed Asset Turnover	0.00	0.00	5.45	0.00	0.00	0.00	5.62	0.00	0.00	0.00
Accounts Payable Turnover	4.93	4.72	4.83	4.83	5.07	4.77	4.81	4.64	4.79	4.73
Days Sales Outstanding (DSO)	84.76	77.88	83.64	86.80	82.49	80.60	84.56	88.12	86.62	79.83
Days Inventory Outstanding (DIO)	108.47	106.06	109.88	106.75	107.19	107.57	112.32	115.66	120.20	117.81
Days Payable Outstanding (DPO)	74.04	77.34	75.51	75.65	71.93	76.53	75.94	78.67	76.17	77.10
Cash Conversion Cycle (CCC)	119.19	106.61	118.01	117.90	117.75	111.64	120.93	125.11	130.65	120.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,344	5,328	5,410	5,383	5,301	5,275	5,314	5,247	5,261	5,009
Invested Capital Turnover	0.65	0.66	0.65	0.66	0.68	0.67	0.66	0.66	0.65	0.66
Increase / (Decrease) in Invested Capital	-89	-60	-162	-99	-43	-53	-96	-137	-40	-266
Enterprise Value (EV)	5,163	5,441	6,120	6,155	5,276	5,599	6,813	6,202	6,818	7,250
Market Capitalization	2,755	3,223	3,925	3,842	3,066	3,544	4,677	4,132	4,667	5,265
Book Value per Share	$10.40	$11.01	$11.38	$10.77	$11.71	$12.19	$12.16	$12.15	$11.89	$11.87
Tangible Book Value per Share	($1.63)	($1.28)	($0.96)	($1.35)	($1.11)	($0.77)	($0.69)	($0.38)	($0.69)	($0.53)
Total Capital	5,739	5,907	6,005	5,948	5,858	5,995	5,836	5,826	5,836	5,691
Total Debt	2,495	2,463	2,451	2,557	2,445	2,452	2,341	2,332	2,378	2,351
Total Long-Term Debt	2,467	2,426	2,423	2,521	2,418	2,415	2,313	2,310	2,342	2,312
Net Debt	2,100	1,885	1,856	1,992	1,889	1,731	1,819	1,752	1,803	1,669
Capital Expenditures (CapEx)	24	19	12	12	15	21	16	11	21	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,103	983	1,051	1,048	1,008	938	1,045	1,055	1,067	942
Debt-free Net Working Capital (DFNWC)	1,498	1,562	1,646	1,613	1,565	1,659	1,567	1,635	1,641	1,624
Net Working Capital (NWC)	1,470	1,525	1,619	1,576	1,538	1,622	1,539	1,613	1,605	1,585
Net Nonoperating Expense (NNE)	30	17	28	43	39	47	21	40	35	12
Net Nonoperating Obligations (NNO)	2,100	1,885	1,856	1,992	1,889	1,731	1,819	1,752	1,803	1,669
Total Depreciation and Amortization (D&A)	53	53	55	54	54	55	55	55	54	54
Debt-free, Cash-free Net Working Capital to Revenue	31.73%	27.67%	29.55%	29.21%	28.01%	26.27%	29.56%	30.28%	30.99%	27.63%
Debt-free Net Working Capital to Revenue	43.10%	43.94%	46.26%	44.95%	43.48%	46.45%	44.33%	46.92%	47.68%	47.64%
Net Working Capital to Revenue	42.29%	42.91%	45.49%	43.93%	42.71%	45.43%	43.54%	46.30%	46.63%	46.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.30	$0.09	$0.24	$0.30	$0.23	$0.15	$0.27	$0.18	$0.15
Adjusted Weighted Average Basic Shares Outstanding	282.45M	282.60M	285.03M	264.09M	264.11M	264.27M	261.38M	261.61M	254.72M	255.41M
Adjusted Diluted Earnings per Share	$0.18	$0.30	$0.09	$0.23	$0.29	$0.23	$0.15	$0.26	$0.18	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	282.45M	282.60M	285.03M	264.09M	264.11M	264.27M	261.38M	261.61M	254.72M	255.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	282.45M	282.60M	285.03M	264.09M	264.11M	264.27M	261.38M	261.61M	254.72M	255.41M
Normalized Net Operating Profit after Tax (NOPAT)	91	70	62	116	128	118	68	120	92	81
Normalized NOPAT Margin	10.59%	7.86%	6.93%	12.42%	14.71%	13.62%	7.85%	13.56%	11.13%	9.73%
Pre Tax Income Margin	7.83%	9.36%	5.15%	8.64%	9.92%	8.29%	9.36%	10.19%	8.33%	10.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.02	3.06	2.13	2.82	3.19	2.86	3.15	2.84	3.34	3.57
NOPAT to Interest Expense	2.59	2.64	1.43	2.56	3.15	3.03	1.78	2.40	2.57	1.55
EBIT Less CapEx to Interest Expense	2.30	2.60	1.85	2.54	2.82	2.31	2.73	2.60	2.73	2.92
NOPAT Less CapEx to Interest Expense	1.87	2.18	1.15	2.28	2.78	2.48	1.35	2.16	1.96	0.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.70%	11.84%	0.00%	0.00%	0.18%	7.10%	0.00%	0.00%	7.83%	5.91%
Augmented Payout Ratio	102.10%	84.37%	0.30%	101.57%	90.95%	105.27%	111.07%	18.07%	78.86%	85.99%

Frequently Asked Questions About Gates Industrial's Financials

When does Gates Industrial's financial year end?

According to the most recent income statement we have on file, Gates Industrial's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Gates Industrial's net income changed over the last 8 years?

Gates Industrial's net income appears to be on an upward trend, with a most recent value of $219.90 million in 2024, rising from $84.30 million in 2016. The previous period was $256.40 million in 2023.

What is Gates Industrial's operating income?

Gates Industrial's total operating income in 2024 was $478.70 million, based on the following breakdown:

Total Gross Profit: $1.36 billion
Total Operating Expenses: $879.80 million

How has Gates Industrial revenue changed over the last 8 years?

Over the last 8 years, Gates Industrial's total revenue changed from $2.75 billion in 2016 to $3.41 billion in 2024, a change of 24.1%.

How much debt does Gates Industrial have?

Gates Industrial's total liabilities were at $3.45 billion at the end of 2024, a 7.1% decrease from 2023, and a 36.5% decrease since 2017.

How much cash does Gates Industrial have?

In the past 7 years, Gates Industrial's cash and equivalents has ranged from $423.40 million in 2018 to $720.60 million in 2023, and is currently $682 million as of their latest financial filing in 2024.

How has Gates Industrial's book value per share changed over the last 8 years?

Over the last 8 years, Gates Industrial's book value per share changed from 0.00 in 2016 to 11.87 in 2024, a change of 1,187.0%.

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This page (NYSE:GTES) was last updated on 4/15/2025 by MarketBeat.com Staff

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Gates Industrial (GTES) Financials

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Gates Industrial (GTES) Financials

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