Filing Flows › Gates Industrial (GTES) › Q4 2025
Gates Industrial (GTES) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Gates Industrial (GTES) reported revenue of $856M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +0.1% from the quarter before. Operating margin was 12.6%, net earnings $51.3M (6.0% of revenue).
Gates Industrial, Q4 2025: revenue $856M (+3% year over year), operating margin 12.6%, net earnings $51.3M, operating cash flow $270M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $856M | +0.1% | +3% |
| Gross profit | $325M | -5% | -3% |
| Operating profit | $108M | -6% | -1% |
| Net earnings | $51.3M | -37% | +40% |
| Operating cash flow | $270M | +175% | +41% |
| Free cash flow | $251M | +212% | +50% |
What changed
Revenue was $856.2M in Q4 2025, up 3% year over year and roughly flat from the previous quarter. Power Transmission was the largest line at 63% of revenue.
Gross margin was 38.0%, down 2.4 points from a year earlier. Operating profit was $108.3M, a 12.6% margin (down 0.6 points year over year). Operating profit fell $1.4M even though revenue rose $26.8M versus a year earlier, so costs grew faster than sales. Operating expenses fell 4% while revenue rose 3%. The fastest-growing cost line was Other operating costs (+188%). Net earnings were $51.3M, up 40% year over year. The effective tax rate was 21.0%.
Operating cash flow was $269.8M (up 41% year over year), 479% of net income including minority interests. Non-cash charges added back $54.7M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $154.0M. Capital expenditures of $18.8M left free cash flow of $251.0M.
Questions
What was Gates Industrial's revenue in the fourth quarter 2025?
Gates Industrial (GTES) reported revenue of $856M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +0.1% from the quarter before.
Was Gates Industrial profitable in the fourth quarter 2025?
Operating profit was $108M (12.6% of revenue) and net earnings $51.3M.
Source: Gates Industrial 10-K on SEC EDGAR.