Gates Industrial Corporation plc (GTES)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 302,400 284,400 302,500 294,000 261,200 274,200 257,800 248,700 235,700 190,700 214,900 258,000 315,500 318,700 257,100 126,800 60,100 44,900 58,900 139,700
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
Pretax margin 8.87% 8.26% 8.68% 8.32% 7.32% 7.62% 7.19% 6.99% 6.63% 5.49% 6.18% 7.40% 9.08% 9.23% 7.78% 4.28% 2.15% 1.65% 2.13% 4.67%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $302,400K ÷ $3,408,200K
= 8.87%

The pretax margin of Gates Industrial Corporation plc has shown variability over the period under review. It started at 4.67% in March 2020, decreased to 1.65% in September 2020, and then gradually improved reaching a peak of 9.23% in September 2021. Subsequently, the pretax margin fluctuated but generally remained above 5%, indicating consistent profitability before taxes. As of December 31, 2024, the pretax margin stood at 8.87%, reflecting the company's ability to generate earnings relative to its revenue before accounting for taxes. Overall, the trend suggests that Gates Industrial Corporation plc has effectively managed its operating expenses and maintained a reasonable level of profitability throughout the period.