How has Gates Industrial Corporation's change in income taxes changed year-over-year?

Gates Industrial Corporation's change in income taxes decreased by 15.3% year-over-year, from $8.5M to $7.2M.

What does change in income taxes mean?

Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.

Gates Industrial Corporation GTES Change in Income Taxes

Change in Income Taxes at other companies

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$14M+300%

Rockwell AutomationROK

-$87M+21.6%

Crane Co.CR

$5.5M-57.4%

ITTITT

-$3.98M-894%

Other financials

Income statement

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Revenue$851.1M+0.4%

Gross profit$338.0M-1.9%

Operating income$109.9M-12.6%

Net income$59.7M-3.7%

EPS (diluted)$0.23-4.2%

Balance sheet

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Cash & equivalents$788.2M+22.6%

Total debt$2.2B-4.8%

Total equity$3.4B+8.5%

Total assets$7.1B+3.3%

Cash flow

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Operating cash flow$30.2M+314%

CapEx$16.7M-4.6%

Free cash flow$13.5M+232%

Valuation

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Market cap$7.13B+22.1%

Enterprise value$8.58B+12.2%

P/E28.6×+1.7×

P/S2.1×+0.3×

Profitability

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Gross margin39.6%-0.9pp

Operating margin13%-1.2pp

Net margin7.2%+0.8pp

FCF margin12.4%+2.9pp

Returns & leverage

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Return on equity7.7%+0.8pp

Debt / equity0.7×-0.1×

Current ratio3.7×+0.3×

Where this comes from

Reported directly by Gates Industrial Corporation in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccruedTaxesPayable.

The official record: Gates Industrial Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gates Industrial Corporation's change in income taxes?: Gates Industrial Corporation (GTES) reported change in income taxes of $7.2M in Q1 2026.
How has Gates Industrial Corporation's change in income taxes changed year-over-year?: Gates Industrial Corporation's change in income taxes decreased by 15.3% year-over-year, from $8.5M to $7.2M.
What does change in income taxes mean?: Change in income tax receivables and payables, reflecting timing between tax accruals and cash payments.