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Gates Industrial Corporation GTES Fluid Power — Goodwill

Other segment segments

Power Transmission
$1.33B+4.2%

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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$7.42B+19.3%
Enterprise value$8.86B+13.0%
P/E29.8×-0.9×
P/S2.2×+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:Goodwill.

The source filing: Gates Industrial Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029351
(dollars in millions)Power TransmissionFluid PowerTotal
Cost and carrying amount
As of December 31, 2025$1,343.1$692.1$2,035.2
Foreign currency translation(10.9)(3.7)(14.6)
As of March 28, 2026$1,332.2$688.4$2,020.6

Item 1: Financial Statements (unaudited)

FAQ

What is Gates Industrial Corporation's fluid power — goodwill?
Gates Industrial Corporation (GTES) reported fluid power — goodwill of $688.4M in Q1 2026.
How has Gates Industrial Corporation's fluid power — goodwill changed year-over-year?
Gates Industrial Corporation's fluid power — goodwill increased by 5.1% year-over-year, from $655M to $688.4M.
What is the long-term trend for Gates Industrial Corporation's fluid power — goodwill?
Over 4 years (2021 to 2025), Gates Industrial Corporation's fluid power — goodwill has grown at a -0.0% compound annual growth rate (CAGR), from $2.72B to $2.72B.
What does fluid power — goodwill mean?
Represents the intangible asset value recorded when the fluid power segment was acquired for a price exceeding the fair market value of its net identifiable assets. It serves as an indicator of the segment's historical acquisition activity and is subject to periodic impairment testing.

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