Gates Industrial (GTES) Interest Paid (2017 - 2026)
Gates Industrial (GTES) recorded Interest Paid of $38.4 million in Q3 2026, down 1.8% from $39.1 million a year earlier but up 92.0% from the prior quarter.
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Analysis
Gates Industrial (GTES) Interest Paid (2017 - 2026) Analysis & Trends
On a TTM basis, Gates Industrial's Interest Paid came in at $115.2 million as of Sep 26, 2026, down 6.9% year-over-year; for FY2025, it came in at $120.7 million, down 9.0% from FY2024.
- Annual Interest Paid has a four-year compound annual growth rate of -0.1% (FY2021 to FY2025).
- Across earlier years, Interest Paid came in at $132.6 million in FY2024 (-14.5%), $155.1 million in FY2023 (+30.7%), $118.7 million in FY2022 (-2.1%) and $121.2 million in FY2021.
- Quarterly Interest Paid has ranged from $18.7 million in Q3 2024 to $49.2 million in Q3 2023 over the past five years.
- On a year-over-year basis, Interest Paid has declined for four consecutive quarters, with growth averaging 1.0% over the last eight quarters.
- Peak year-over-year performance for Interest Paid in the last five years was growth of 109.1% in Q3 2025, against a decline of 62.0% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $20 million (Q2 2026), $32 million (Q1 2026) and $24.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Paid (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | - |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 145.20 Mn |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | - |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | - |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | - |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | - |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | - |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 65.00 Mn |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | - |
| 10 | Gates Industrial | 6.30 Bn | 3.43 Bn | 383.30 Mn | 38.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 38.40 Mn |
| Jun 27, 2026 | 20.00 Mn |
| Mar 28, 2026 | 32.00 Mn |
| Dec 31, 2025 | 24.80 Mn |
| Sep 27, 2025 | 39.10 Mn |
| Jun 28, 2025 | 20.30 Mn |
| Mar 29, 2025 | 36.50 Mn |
| Dec 28, 2024 | 27.90 Mn |
| Sep 28, 2024 | 18.70 Mn |
| Jun 29, 2024 | 40.50 Mn |
| Mar 30, 2024 | 45.50 Mn |
| Dec 30, 2023 | 29.30 Mn |
| Sep 30, 2023 | 49.20 Mn |
| Jul 1, 2023 | 30.70 Mn |
| Apr 1, 2023 | 45.90 Mn |
| Dec 31, 2022 | 23.50 Mn |
| Oct 1, 2022 | 37.80 Mn |
| Jul 2, 2022 | 19.80 Mn |
| Apr 2, 2022 | 37.60 Mn |
| Jan 1, 2022 | 24.40 Mn |
API Access
Gates Industrial Interest Paid API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-paid&ticker=GTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-paid", "ticker": "GTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-paid&ticker=GTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();