Gates Industrial Corporation plc (GTES)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	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	194,200	249,900
Revenue (ttm)	US$ in thousands	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	3,087,100	3,153,500
Pretax margin		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%	6.29%	7.92%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $302,500K ÷ $3,484,300K
= 8.68%

The pretax margin of Gates Industrial Corporation plc has shown fluctuating trends over the past five years, ranging from a low of 1.65% in March 2020 to a high of 9.23% in December 2021. The company's profitability before taxes has generally improved since 2019, with intermittent declines in certain periods. The latest reported pretax margin of 8.68% as of June 30, 2024, indicates a healthy level of profitability compared to previous quarters. However, it is essential to monitor future trends to assess the sustainability of this improvement and the company's overall financial performance.

Peer comparison

Jun 30, 2024

Company name

Symbol

Pretax margin

Gates Industrial Corporation plc

GTES

8.68%

Illinois Tool Works Inc

Zebra Technologies Corporation

ZBRA

7.23%