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Gates Industrial Corporation

GTES

Gates Industrial Corporation is a global manufacturer of highly engineered power transmission and fluid power solutions.

Market cap
$6.69B+3.5%
Revenue$3.4B+1.6%
Net income$249.1M+14.9%
Free cash flow$428.6M+32.6%
EPS (diluted)$0.95+15.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 31, 2026 (Tomorrow)
Revenue estimate$925.4M
EPS estimate$0.40

Financials

Q1 2026

Income statement

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Revenue$851.1M+0.4%
Gross profit$338.0M-1.9%
Operating income$109.9M-12.6%
Net income$59.7M-3.7%
EPS (diluted)$0.23-4.2%

Balance sheet

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Cash & equivalents$788.2M+22.6%
Total debt$2.2B-4.8%
Total equity$3.4B+8.5%
Total assets$7.1B+3.3%

Cash flow

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Operating cash flow$30.2M+314%
CapEx$16.7M-4.6%
Free cash flow$13.5M+232%

Valuation & ratios

Valuation

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Market cap$6.72B+3.5%
Enterprise value$8.16B+1.6%
P/E27×-4.7×
P/S+0.1×

Profitability

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Gross margin39.6%-0.9pp
Operating margin13%-1.2pp
Net margin7.2%+0.8pp
FCF margin12.4%+2.9pp

Returns & leverage

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Return on equity7.7%+0.8pp
Debt / equity0.7×-0.1×
Current ratio3.7×+0.3×

Segments

By segment

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Power Transmission$533.2M+1.1%
Fluid Power$317.9M-0.8%

By geography

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Americas, excluding the U.S.$130.8M
APAC, excluding China$92.3M

By product

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Replacement$579.7M+0.6%
OEM$271.4M-0.1%

Competitors

Profile

Gates Industrial Corporation is a global manufacturer of highly engineered power transmission and fluid power solutions. The company serves a diverse range of end markets by providing mission-critical components for both original equipment manufacturers and the high-margin, recurring aftermarket channel.

Competitive position

A leading global designer and manufacturer of mission-critical components with a premium brand reputation built over 110 years.

GeographiesNorth America, EMEA, Greater China, East Asia & India, South America
Customer segmentsOriginal Equipment Manufacturers, Aftermarket Distributors, Industrial End-Users
Business modelManufacturing, B2B Distribution, Aftermarket Parts
SuppliersPolymer and elastomer suppliers, Steel wire and textile manufacturers, Raw material commodity providers
CustomersAutomotive service shops, Industrial distributors, Heavy equipment manufacturers, Data center infrastructure providers
Listed2018
Employees14.7K
CEOIvo Jurek
Websitegates.com
FilingsSEC EDGAR

Questions, answered.

What is Gates Industrial Corporation's market cap?
Gates Industrial Corporation (GTES) has a market capitalization of $6.7B and trades on NYSE.
What is Gates Industrial Corporation's revenue and profitability?
Gates Industrial Corporation generated $3.4B in trailing twelve-month revenue with net income of $249.1M, representing a net margin of 7.2%. Gross margin stands at 39.6%, with free cash flow of $428.6M. These figures are based on the Q1 2026 filing.
Who are Gates Industrial Corporation's competitors?
Gates Industrial Corporation's key competitors include Parker-Hannifin Corporation, Twin Disc, Incorporated, TransDigm Group Incorporated, and others. These companies compete in similar markets and product categories.
What subsidiaries does Gates Industrial Corporation have?
Gates Industrial Corporation's subsidiaries include Uniroyal Power Transmission Company.
Where is Gates Industrial Corporation headquartered?
Gates Industrial Corporation is headquartered in United States of America and employs approximately 14,700 people. It has been publicly traded since 2018.