Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026)

Gates Industrial (GTES) reported Interest Coverage Ratio of 3.68 for Q1 2026, down 13.52% year-over-year from 4.25 in Q1 2025, and up 10.64% quarter-over-quarter from 3.32 in Q4 2025.

Gates Industrial (GTES) Interest Coverage Ratio (2017 - 2026) Analysis & Trends

Gates Industrial (GTES) has 10 years of Interest Coverage Ratio data on file, last reported at 3.68 in Q1 2026.

  • Interest Coverage Ratio for Q1 2026 came in at 3.68, down 13.52% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.56 (up 8.66% YoY), and the FY2025 annual result was 3.7, up 21.94% from the prior year.
  • Interest Coverage Ratio grew to 3.68 in Q1 2026 per GTES's latest filing, from 3.32 in the prior quarter.
  • Over five years, Interest Coverage Ratio peaked at 14.81 in Q1 2022 and troughed at 2.1 in Q2 2022.
  • A 5-year average of 3.78 and a median of 3.2 in 2023 frame the typical range for Interest Coverage Ratio.
  • The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio slumped 83.48% in 2022, then surged 48.1% in 2025.
  • A 5-year view of Interest Coverage Ratio shows it stood at 2.45 in 2022, then grew by 25.37% to 3.07 in 2023, then gained by 4.87% to 3.22 in 2024, then advanced by 3.27% to 3.32 in 2025, then climbed by 10.64% to 3.68 in 2026.
  • Business Quant data shows GTES's Interest Coverage Ratio at 3.68 in Q1 2026, 3.32 in Q4 2025, and 3.31 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn -6.39
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 11.06
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 11.44
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 12.49
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn -
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn 13.97
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 24.63
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 12.97
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 10.36
10 Gates Industrial 6.51 Bn 6.08 Bn 338.00 Mn 3.68

Historic Data

Download Data
DateValue
Mar 28, 2026 3.68
Dec 31, 2025 3.32
Sep 27, 2025 3.31
Jun 28, 2025 4.02
Mar 29, 2025 4.25
Dec 28, 2024 3.22
Sep 28, 2024 3.30
Jun 29, 2024 2.71
Mar 30, 2024 3.11
Dec 30, 2023 3.07
Sep 30, 2023 3.19
Jul 1, 2023 2.90
Apr 1, 2023 2.14
Dec 31, 2022 2.45
Oct 1, 2022 3.12
Jul 2, 2022 3.42
Apr 2, 2022 2.10
Jan 1, 2022 14.81
Oct 2, 2021 3.94
Jul 3, 2021 4.48