Gates Industrial (GTES) Interest Expenses (2017 - 2026)
Gates Industrial (GTES) reported Interest Expenses of $29.9 million for Q1 2026, up 1.01% year-over-year from $29.6 million in Q1 2025, and down 8.28% quarter-over-quarter from $32.6 million in Q4 2025.
Gates Industrial (GTES) Interest Expenses (2017 - 2026) Analysis & Trends
Gates Industrial (GTES) has 10 years of Interest Expenses data on file, last reported at $29.9 million in Q1 2026.
- Interest Expenses for Q1 2026 came in at $29.9 million, up 1.01% year-over-year; the trailing twelve-month figure through Mar 2026 was $126.2 million (down 14.67% YoY), and the FY2025 annual result was $125.9 million, down 19.19% from the prior year.
- Interest Expenses eased to $29.9 million in Q1 2026 per GTES's latest filing, from $32.6 million in the prior quarter.
- Over five years, Interest Expenses peaked at $49.1 million in Q2 2024 and troughed at $24.2 million in Q1 2022.
- A 5-year average of $35.5 million and a median of $34.5 million in 2024 frame the typical range for Interest Expenses.
- The sharpest annual moves came in 2022 and 2025: Interest Expenses soared 67.36% in 2022, then plunged 41.34% in 2025.
- A 5-year view of Interest Expenses shows it stood at $40.5 million in 2022, then decreased by 5.19% to $38.4 million in 2023, then retreated by 11.2% to $34.1 million in 2024, then dropped by 4.4% to $32.6 million in 2025, then slipped by 8.28% to $29.9 million in 2026.
- Business Quant data shows GTES's Interest Expenses at $29.9 million in Q1 2026, $32.6 million in Q4 2025, and $34.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | -28.00 Mn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 106.00 Mn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 99.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 76.00 Mn |
| 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 | 73.00 Mn |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 20.91 Mn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 36.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 29.52 Mn |
| 10 | Gates Industrial | 6.51 Bn | 6.08 Bn | 338.00 Mn | 29.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 29.90 Mn |
| Mar 28, 2026 | 29.90 Mn |
| Dec 31, 2025 | 32.60 Mn |
| Dec 31, 2025 | 32.60 Mn |
| Sep 27, 2025 | 34.90 Mn |
| Sep 27, 2025 | 34.90 Mn |
| Jun 28, 2025 | 28.80 Mn |
| Jun 28, 2025 | 28.80 Mn |
| Mar 29, 2025 | 29.60 Mn |
| Mar 29, 2025 | 29.60 Mn |
| Dec 28, 2024 | 34.10 Mn |
| Dec 28, 2024 | 34.10 Mn |
| Sep 28, 2024 | 35.10 Mn |
| Sep 28, 2024 | 35.10 Mn |
| Jun 29, 2024 | 49.10 Mn |
| Jun 29, 2024 | 49.10 Mn |
| Mar 30, 2024 | 37.50 Mn |
| Mar 30, 2024 | 37.50 Mn |
| Dec 30, 2023 | 38.40 Mn |
| Dec 30, 2023 | 38.40 Mn |