What is Gates Industrial Corporation's net debt?

Gates Industrial Corporation (GTES) reported net debt of $1.44B in Q1 2026.

How has Gates Industrial Corporation's net debt changed year-over-year?

Gates Industrial Corporation's net debt decreased by 15.1% year-over-year, from $1.7B to $1.44B.

What is the long-term trend for Gates Industrial Corporation's net debt?

Over 5 years (2020 to 2025), Gates Industrial Corporation's net debt has grown at a -7.5% compound annual growth rate (CAGR), from $2.32B to $1.57B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Gates Industrial Corporation GTES Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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Armstrong World IndustriesAWI

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LAD

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0.4×0.0×

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4.1×+0.4×

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1.5×+0.9×

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

See full

Return on equity7.7%+0.8pp

Debt / equity0.7×-0.1×

Current ratio3.7×+0.3×

Where this comes from

Calculated from Gates Industrial Corporation’s reported figures.

$2.2Btotal debt−$788.2Mcash and equivalents=$1.44B

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 net debt?: Gates Industrial Corporation (GTES) reported net debt of $1.44B in Q1 2026.
How has Gates Industrial Corporation's net debt changed year-over-year?: Gates Industrial Corporation's net debt decreased by 15.1% year-over-year, from $1.7B to $1.44B.
What is the long-term trend for Gates Industrial Corporation's net debt?: Over 5 years (2020 to 2025), Gates Industrial Corporation's net debt has grown at a -7.5% compound annual growth rate (CAGR), from $2.32B to $1.57B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.