Gates Corporation Income Statement
GTES / Industrials|10 years of annual SEC 10-K data (FY2016-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 10 fiscal years. All figures from audited SEC 10-K filings.
Gates Corporation reported $3.4B in revenue and $251M in net income for FY2025. Revenue has grown at a 2.5% compound annual rate over the past 9 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B | $3.5B | $2.8B | $3.1B | $3.3B | $3.1B | $3.3B | $3.0B | $2.7B |
| Cost of Revenue | $2.1B | $2.0B | $2.1B | $1.8B | $1.9B | $2.0B | $1.9B | $2.0B | $1.8B | $1.7B |
| Gross Profit | $1.4B | $1.4B | $1.3B | $1.0B | $1.1B | $1.3B | $1.1B | $1.3B | $1.2B | $1.1B |
| SG&A Expense | $876.1M | $876.5M | $852.7M | $776.9M | $777.3M | $805.8M | $777.3M | $805.8M | $777.1M | $737.7M |
| R&D Expense | $71.9M | $66.5M | $70.7M | $67.2M | $67.9M | $71.4M | $67.9M | $71.4M | $68.6M | $68.5M |
| Operating Income | $465.3M | $472.2M | $484.1M | $211.1M | $346.8M | $496.8M | $346.8M | $496.8M | $402.9M | $305.3M |
| Interest Expense | - | - | $133.5M | $154.3M | $157.8M | $175.9M | $157.8M | $175.9M | $234.6M | $216.3M |
| Income Tax | $63.1M | $107.5M | $18.4M | -$19.3M | -$495.9M | $31.8M | -$495.9M | $31.8M | -$72.5M | $21.1M |
| Net Income | $251.4M | $194.9M | $297.1M | $79.4M | $690.1M | $245.3M | $690.1M | $245.3M | $151.3M | $57.7M |
| EPS (Basic) | $0.98 | $0.78 | $1.02 | $0.27 | $2.38 | $0.86 | $2.38 | $0.86 | $0.62 | $0.23 |
| EPS (Diluted) | $0.96 | $0.77 | $1.00 | $0.27 | $2.37 | $0.84 | $2.37 | $0.84 | $0.60 | $0.23 |
| Shares Outstanding | 253.5M | 282.6M | 291.3M | 290.9M | 290.2M | 289.8M | 291.6M | 291.7M | 250.5M | 248.4M |
| Gross Margin | 39.8% | 39.9% | 38.5% | 37.0% | 37.0% | 39.8% | 37.0% | 39.7% | 40.0% | 38.6% |
| Operating Margin | 13.5% | 13.9% | 13.9% | 7.6% | 11.2% | 14.8% | 11.2% | 14.8% | 13.2% | 11.1% |
| Profit Margin | 7.3% | 5.7% | 8.6% | 2.8% | 22.4% | 7.3% | 22.4% | 7.3% | 5.0% | 2.1% |