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
ITW
24.19%
Ingersoll Rand Inc
IR
14.82%
Zebra Technologies Corporation
ZBRA
7.23%
Zurn Elkay Water Solutions Corporation
ZWS
11.57%