• Gates Industrial average net profit margin for 2023 was 6.8%, a 13.71% decline from 2022.
• Gates Industrial average net profit margin for 2022 was 5.98%, a 23.04% increase from 2021.
• Gates Industrial average net profit margin for 2021 was 7.77%, a 187.78% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.