Filing Flows

Filing Flows › Companies › Gates Industrial › Cash flow

Gates Industrial cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$42.4M in Q3 2026 · $367M over twelve months

Operating cash flow$61.2M
Capital spending−$18.8M
Free cash flow+$42.4M
Cash / net income0.7×
Cash conversion cycle145 days

Analysis

In Q3 2026, Gates Industrial generated $61.2M of operating cash flow and spent $18.8M on capital projects, leaving free cash flow of $42.4M.

Over the twelve months to Sep 26, 2026, operating cash flow was $440M; the largest uses were buybacks ($202M), capital spending ($72.6M), net borrowing (+) / repaid (−) ($18.7M); besides operations, cash came from shares issued ($8.2M), other financing ($3.4M); the cash balance rose by $142M.

Operating cash flow was $61.2M against net income of $91.4M — 0.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$71.7M, depreciation & amortization +$56.4M, payables −$42.8M.

Its cash conversion cycle was 145 days (receivables 90 + inventory 136 − payables 81).

Free cash flow

Gates Industrial: free cash flow by quarterGates Industrial: free cash flow by quarter$168MQ4 2024−$10.2MQ1 2025$83.6MQ2 2025$80.5MQ3 2025$251MQ4 2025$13.5MQ1 2026$60.3MQ2 2026$42.4MQ3 2026
Operating cash flow less capital spending.
Gates Industrial: operating cash flow against capital spendingGates Industrial: operating cash flow against capital spendingOperating cash flowCapital spending$191M$23.3MQ4 2024$7.3M$17.5MQ1 2025$103M$19.4MQ2 2025$98.0M$17.5MQ3 2025$270M$18.8MQ4 2025$30.2M$16.7MQ1 2026$78.6M$18.3MQ2 2026$61.2M$18.8MQ3 2026
Latest (Q3 2026): Operating cash flow $61.2M, Capital spending $18.8M.

Capital allocation, year by year

Gates Industrial: where the cash came from (up) and went (down), by fiscal yearGates Industrial: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2022: Operating cash flow $382MFY2022: Net borrowing −$92.2MFY2022: Shares issued $9.2MFY2022: Capital spending −$77.7MFY2022: Buybacks −$10.6M$392MFY2022FY2022: Operating cash flow $266MFY2022: Net borrowing −$33.2MFY2022: Shares issued $31.8MFY2022: Capital spending −$77.6MFY2022: Buybacks −$176M$298MFY2022FY2023: Operating cash flow $481MFY2023: Net borrowing −$20.6MFY2023: Shares issued $37.4MFY2023: Asset sales $1.2MFY2023: Capital spending −$61.2MFY2023: Buybacks −$252M$520MFY2023FY2024: Operating cash flow $380MFY2024: Net borrowing −$110MFY2024: Shares issued $29.8MFY2024: Asset sales $12.0MFY2024: Capital spending −$83.1MFY2024: Buybacks −$176M$421MFY2024FY2025: Operating cash flow $478MFY2025: Net borrowing −$125MFY2025: Shares issued $20.8MFY2025: Asset sales $2.3MFY2025: Capital spending −$73.2MFY2025: Buybacks −$119M$501MFY2025
Over these 5 years operating cash flow totalled $2.0B; the largest uses were buybacks ($734M) and net borrowing ($380M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$831M
Debt$2.2B
Net debt$1.4B
Due within a year$18.8M

Gates Industrial funds itself: free cash flow was $367M over the last twelve months, and $831M of cash and investments stands against $2.2B of debt ($18.8M due within a year, 44.2× covered by cash).

Gates Industrial: debt maturities by year (FY2025)Gates Industrial: debt maturities by year (FY2025)$18.8MYear 1$18.8MYear 2$18.8MYear 3$952MYear 4$13.0MYear 5$1.2BAfter year 5
Principal due in each year as disclosed in the annual report, against $831M of cash and investments now.

Where the cash came from and went

Gates Industrial: sources (+) and uses (−) of cash, Q3 2026Gates Industrial: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$61.2MBuybacks−$57.4MCapital spending−$18.8MOther investing$14.0MOther financing$8.0MCash drawn (+) / kept (−)−$7.3MExchange rates$6.0MNet borrowing (+) / repaid (−)−$4.7MPartners−$2.5MShares issued$2.0MAsset & business sales−$500K
Gates Industrial: sources (+) and uses (−) of cash, TTM to Q3 2026Gates Industrial: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$440MBuybacks−$202MCash drawn (+) / kept (−)−$142MCapital spending−$72.6MNet borrowing (+) / repaid (−)−$18.7MTaxes on employees’ shares−$9.6MShares issued$8.2MOther investing−$7.7MOther financing$3.4MPartners−$2.5MExchange rates$2.5MAsset & business sales$1.1M

From profit to cash

Gates Industrial: net income to operating cash flow, Q3 2026Gates Industrial: net income to operating cash flow, Q3 2026Net income$91.4MDepreciation & amortization$56.4MStock-based pay$8.6MDeferred taxes−$2.1MReceivables$17.1MInventory−$71.7MPayables−$42.8MPrepaid and other assets$20.9MOther liabilities$2.1MIncome taxes payable−$5.5MOperating cash flow$61.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20269013681145
Q2 20268211772127
Q1 20267911770126
Q4 20258812773141
Q3 20258812871146
Q2 20258312472135
Q1 20258112575131
Q4 20248412977136

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$61.2M−$18.8M−$57.4M−$4.7M$2.0M−$7.3M$42.4M
Q2 2026$78.6M−$18.3M−$22.1M−$4.7M$4.0M−$38.3M$60.3M
Q1 2026$30.2M−$16.7M−$16.6M—$1.0M$26.8M$13.5M
Q4 2025$270M−$18.8M−$106M−$9.3M$1.2M−$123M$251M
Q3 2025$98.0M−$17.5M—−$105M$10.2M$30.5M$80.5M
Q2 2025$103M−$19.4M—−$4.7M$5.8M−$79.7M$83.6M
Q1 2025$7.3M−$17.5M−$13.0M−$4.7M$3.6M$41.7M−$10.2M
Q4 2024$191M−$23.3M—−$31.4M$9.8M−$107M$168M

Gates Industrial: income statement and cash flow

Gates Industrial, Q3 2026: revenue $904M (+6% year over year), operating margin 14.5%. The chart follows the revenue to costs, profit and cash.

Gates Industrial: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.