Gates Industrial Corporation plc (GTES)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 194,900 | 232,900 | 220,800 | 297,100 | 79,400 |
| Revenue | US$ in thousands | 3,408,200 | 3,570,200 | 3,554,200 | 3,474,400 | 2,793,000 |
| Net profit margin | 5.72% | 6.52% | 6.21% | 8.55% | 2.84% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $194,900K ÷ $3,408,200K
= 5.72%
The net profit margin of Gates Industrial Corporation plc has shown variability over the years, ranging from 2.84% in December 2020 to 8.55% in December 2021, then decreasing to 6.21% in December 2022, and further stabilizing around 6.50% in December 2023 and December 2024. This indicates that the company's profitability improved significantly in 2021 but slightly declined in the following years. Overall, with a positive trend in recent years, the company has been able to maintain a healthy level of net profit margin, reflecting efficient cost management and revenue generation strategies.
Peer comparison
Dec 31, 2024