Gates Industrial Corporation plc (GTES)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 194,900 | 221,200 | 252,300 | 246,500 | 232,900 | 254,900 | 228,100 | 216,300 | 220,800 | 198,600 | 216,900 | 260,700 | 297,100 | 258,700 | 230,400 | 111,100 | 79,400 | 74,500 | 68,100 | 112,000 |
| Revenue (ttm) | US$ in thousands | 3,408,200 | 3,442,100 | 3,484,300 | 3,535,100 | 3,570,200 | 3,600,200 | 3,588,000 | 3,558,500 | 3,554,200 | 3,476,500 | 3,478,200 | 3,486,500 | 3,474,400 | 3,453,000 | 3,302,800 | 2,964,200 | 2,793,000 | 2,724,500 | 2,758,900 | 2,992,300 |
| Net profit margin | 5.72% | 6.43% | 7.24% | 6.97% | 6.52% | 7.08% | 6.36% | 6.08% | 6.21% | 5.71% | 6.24% | 7.48% | 8.55% | 7.49% | 6.98% | 3.75% | 2.84% | 2.73% | 2.47% | 3.74% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $194,900K ÷ $3,408,200K
= 5.72%
The net profit margin of Gates Industrial Corporation plc has shown some fluctuations over the past few years, ranging from a low of 2.47% in June 2020 to a high of 8.55% in December 2021. The trend indicates an increasing profitability from 2020 to 2021, peaking in December 2021, before experiencing a slight decline in the subsequent periods. Despite some variability, the company has generally maintained a positive net profit margin, reflecting its ability to generate profits relative to its revenue. It is important for the company to continue monitoring and managing its expenses and revenue streams to sustain and potentially improve its profitability in the future.
Peer comparison
Dec 31, 2024