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Gates Industrial Corporation GTES Noncontrolling interests in subsidiaries

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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$7.15B+17.2%
Enterprise value$8.59B+11.3%
P/E28.7×-1.4×
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:MinorityInterest.

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, except share numbers and per share amounts)As of March 28, 2026As of December 31, 2025
—Additional paid-in capital2,631.42,633.3
—Accumulated other comprehensive loss(925.4)(917.1)
—Treasury shares(16.5)(37.5)
—Retained earnings1,674.91,652.7
Total shareholders’ equity3,366.93,334.0
Non-controlling interests360.9355.2
Total equity3,727.83,689.2
Total liabilities and equity$7,115.0$7,151.4

Item 1: Financial Statements (unaudited)

FAQ

What is Gates Industrial Corporation's noncontrolling interests in subsidiaries?
Gates Industrial Corporation (GTES) reported noncontrolling interests in subsidiaries of $360.9M in Q1 2026.
How has Gates Industrial Corporation's noncontrolling interests in subsidiaries changed year-over-year?
Gates Industrial Corporation's noncontrolling interests in subsidiaries increased by 10.8% year-over-year, from $325.6M to $360.9M.
What is the long-term trend for Gates Industrial Corporation's noncontrolling interests in subsidiaries?
Over 5 years (2020 to 2025), Gates Industrial Corporation's noncontrolling interests in subsidiaries has grown at a -1.3% compound annual growth rate (CAGR), from $379.3M to $355.2M.
What does noncontrolling interests in subsidiaries mean?
This represents the portion of a subsidiary's net assets that is owned by outside shareholders rather than the parent company. It is reported within equity to show the total value of the subsidiary's assets and liabilities that are not attributable to the parent. It reflects the non-controlling stake in consolidated entities.

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