Gates Industrial Corporation plc (GTES)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,358,500 | 1,358,900 | 1,250,600 | 1,339,200 | 1,034,700 |
| Revenue | US$ in thousands | 3,408,200 | 3,570,200 | 3,554,200 | 3,474,400 | 2,793,000 |
| Gross profit margin | 39.86% | 38.06% | 35.19% | 38.54% | 37.05% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,358,500K ÷ $3,408,200K
= 39.86%
The gross profit margin of Gates Industrial Corporation plc has exhibited some fluctuations over the past five years. In December 2020, the gross profit margin stood at 37.05%, showing a slight increase to 38.54% by December 2021. However, there was a dip in the margin to 35.19% by December 2022. Subsequently, there was a recovery as the margin improved to 38.06% by December 2023 and further increased to 39.86% by December 2024. Overall, the trend indicates a general improvement in gross profit margin over the period from 2020 to 2024, with the company managing to enhance its efficiency in generating gross profits relative to its revenue.
Peer comparison
Dec 31, 2024