Filing Flows › Gates Industrial (GTES) › Q3 2025
Gates Industrial (GTES) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Gates Industrial (GTES) reported revenue of $856M for the third quarter 2025 (Q3 2025), +3% from a year earlier and -3% from the quarter before. Operating margin was 13.5%, net earnings $81.6M (9.5% of revenue).
Gates Industrial, Q3 2025: revenue $856M (+3% year over year), operating margin 13.5%, net earnings $81.6M, operating cash flow $98.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $856M | -3% | +3% |
| Gross profit | $342M | -5% | +2% |
| Operating profit | $115M | -0.3% | -0.4% |
| Net earnings | $81.6M | +44% | +71% |
| Operating cash flow | $98.0M | -5% | -15% |
| Free cash flow | $80.5M | -4% | -14% |
What changed
Revenue was $855.7M in Q3 2025, up 3% year over year and down 3% from the previous quarter. Power Transmission was the largest line at 62% of revenue. Power Transmission added $19.9M year over year (up 4%), 80% of the total change.
Gross margin was 39.9%, down 0.5 points from a year earlier. Operating profit was $115.4M, a 13.5% margin (down 0.5 points year over year). Operating profit fell $500K even though revenue rose $25.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+159%). Net earnings were $81.6M, up 71% year over year. The effective tax rate was 6.4%.
Operating cash flow was $98.0M (down 15% year over year), 111% of net income including minority interests. Non-cash charges added back $53.6M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $50.9M. Capital expenditures of $17.5M left free cash flow of $80.5M.
Questions
What was Gates Industrial's revenue in the third quarter 2025?
Gates Industrial (GTES) reported revenue of $856M for the third quarter 2025 (Q3 2025), +3% from a year earlier and -3% from the quarter before.
Was Gates Industrial profitable in the third quarter 2025?
Operating profit was $115M (13.5% of revenue) and net earnings $81.6M.
Source: Gates Industrial 10-Q on SEC EDGAR.