GTESGates Industrial Corp Ltd.
General Industrial Machinery & Equipment
- Revenue
- $3.4B
- 1.0% YoY
- Operating margin
- 13.5%
- 2.5% YoY
- EBITDA
- $679M
- 1.5% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.0×
- $1.4B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear190% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear25% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear27% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $3.6B | $3.6B | $3.4B | $3.4B | 1.0% |
| Operating income | $211M | $384M | $460M | $472M | $465M | 1.5% |
| Net income | $79M | $221M | $233M | $195M | $251M | 29% |
| Operating cash flow | $309M | $266M | $481M | $380M | $478M | 26% |
| Capex | $58M | $78M | $61M | $83M | $73M | 12% |
| Stock-based comp | $20M | $44M | $27M | $29M | $27M | 5.6% |
| Buybacks | $0 | $176M | $252M | $176M | $119M | 32% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $505K · 1
- Net
- −$505K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $13M | 168 | 220 |
| FY2024 | $10M | $23M | 162 | 184 |
| FY2023 | $10M | $13M | 105 | 158 |
| FY2022 | $9M | $12M | 125 | 128 |