Gates Industrial Corporation plc (GTES)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 478,700 | 462,600 | 384,000 | 484,100 | 211,100 |
| Revenue | US$ in thousands | 3,408,200 | 3,570,200 | 3,554,200 | 3,474,400 | 2,793,000 |
| Operating profit margin | 14.05% | 12.96% | 10.80% | 13.93% | 7.56% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $478,700K ÷ $3,408,200K
= 14.05%
Gates Industrial Corporation plc's operating profit margin has exhibited fluctuations over the five-year period from 2020 to 2024. The margin increased from 7.56% in 2020 to 14.05% in 2024, indicating a positive trend overall. Notably, there was significant growth between 2020 and 2021, with the margin nearly doubling from 7.56% to 13.93%.
However, there was some variability in the margin in the following years, with a slight decrease in 2022 to 10.80%, followed by an increase to 12.96% in 2023 and further improvement to 14.05% in 2024. This suggests that the company effectively managed its operational efficiency and profitability during this period.
The average operating profit margin over the five years is approximately 11.66%, indicating that Gates Industrial Corporation plc has maintained a healthy level of profitability relative to its operating income. Overall, the trend demonstrates the company's ability to generate profits from its core operations, albeit with some fluctuations in performance from year to year.
Peer comparison
Dec 31, 2024