Gates Industrial (GTES) Interest Expenses (2017 - 2026)
Gates Industrial's (GTES) quarterly Interest Expenses came in at $32.0 million in Q1 2026, down 12.33% year-on-year from $36.5 million in Q1 2025, and up 6.67% on a QoQ basis from $30.0 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 $32.0 million in Q1 2026.
- On a quarterly basis, Interest Expenses fell 12.33% year-over-year to $32.0 million in Q1 2026; TTM through Mar 2026 was $133.4 million, a 13.82% decrease from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 2.37% from the prior year.
- Interest Expenses for Q1 2026 stood at $32.0 million, up from $30.0 million in the prior quarter.
- Over the last five years, Interest Expenses for GTES reached as high as $49.1 million in Q2 2024 and fell as low as $19.8 million in Q4 2022.
- Historically, Interest Expenses has averaged $35.3 million across 5 years, with a median of $34.5 million in 2024.
- Across the five-year window, Interest Expenses plunged 98.02% in 2022 and soared 47.98% in 2023, its largest moves.
- Year by year, Interest Expenses stood at $19.8 million in 2022, then surged by 47.98% to $29.3 million in 2023, then rose by 16.38% to $34.1 million in 2024, then declined by 12.02% to $30.0 million in 2025, then grew by 6.67% to $32.0 million in 2026.
- Per Business Quant data, the three most recent Interest Expenses figures were $32.0 million in Q1 2026, $30.0 million in Q4 2025, and $34.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | -73.00 Mn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 106.00 Mn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 529.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 638.00 Mn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 73.00 Mn |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 20.91 Mn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 71.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 63.80 Mn |
| 10 | Gates Industrial | 6.83 Bn | 6.05 Bn | 338.00 Mn | 32.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 32.00 Mn |
| Mar 28, 2026 | 32.00 Mn |
| Dec 31, 2025 | 30.00 Mn |
| Dec 31, 2025 | 30.00 Mn |
| Sep 27, 2025 | 34.90 Mn |
| Sep 27, 2025 | 34.90 Mn |
| Jun 28, 2025 | 30.50 Mn |
| Jun 28, 2025 | 30.50 Mn |
| Mar 29, 2025 | 36.50 Mn |
| Mar 29, 2025 | 36.50 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 | 45.50 Mn |
| Mar 30, 2024 | 45.50 Mn |
| Dec 30, 2023 | 29.30 Mn |
| Dec 30, 2023 | 29.30 Mn |