Gates Industrial Corporation Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.44B | $3.41B | $3.57B | $3.55B | $2.79B | $3.09B | $3.35B | $3.04B |
| Cost of Revenue | $2.07B | $2.05B | $2.21B | $2.30B | $1.76B | $1.94B | $2.02B | $1.82B |
| Gross Profit | $1.37B | $1.36B | $1.36B | $1.25B | $1.03B | $1.14B | $1.33B | $1.22B |
| Gross Margin | 39.8% | 39.9% | 38.1% | 35.2% | 37.0% | 37.0% | 39.7% | 40.0% |
| Operating Expenses | ||||||||
| Research & Development | $71.9M | $66.5M | $66.0M | $69.4M | $67.2M | $67.9M | $71.4M | $68.6M |
| SG&A Expense | $876.1M | $876.5M | $884.7M | $853.7M | $776.9M | $777.3M | $805.8M | $777.1M |
| Operating Income | $465.3M | $472.2M | $460.1M | $384.0M | $211.1M | $346.8M | $496.8M | $402.9M |
| Operating Margin | 13.5% | 13.9% | 12.9% | 10.8% | 7.6% | 11.2% | 14.8% | 13.2% |
| Interest Expense | — | — | $163.2M | $139.4M | $154.3M | $157.8M | $175.9M | $234.6M |
| Pretax Income | $340.2M | $328.0M | $285.3M | $257.8M | $71.0M | $198.8M | $303.5M | $109.5M |
| Income Tax Expense | $63.1M | $107.5M | $28.3M | $14.9M | $-19.3M | $-495.9M | $31.8M | $-72.5M |
| Net Income | $251.4M | $194.9M | $232.9M | $220.8M | $79.4M | $690.1M | $245.3M | $151.3M |
| Net Margin | 7.3% | 5.7% | 6.5% | 6.2% | 2.8% | 22.4% | 7.3% | 5.0% |
| EPS (Basic) | $0.98 | $0.75 | $0.86 | $0.78 | $0.27 | $2.38 | $0.86 | $0.62 |
| EPS (Diluted) | $0.96 | $0.74 | $0.84 | $0.77 | $0.27 | $2.37 | $0.84 | $0.60 |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | 260.5M | 264.7M | 275.6M | 287.6M | 292.1M | 291.6M | 291.7M | 250.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |