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Gates Industrial Corporation GTES Fluid Power — Net Sales

Other segment segments

Power Transmission
$533.2M+1.1%

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Other financials

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

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Market cap$7.13B+22.1%
Enterprise value$8.58B+12.2%
P/E28.6×+1.7×
P/S2.1×+0.3×

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×

Where this comes from

Reported directly by Gates Industrial Corporation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Gates Industrial Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gates Industrial Corporation's fluid power — net sales?
Gates Industrial Corporation (GTES) reported fluid power — net sales of $317.9M in Q1 2026.
How has Gates Industrial Corporation's fluid power — net sales changed year-over-year?
Gates Industrial Corporation's fluid power — net sales decreased by 0.8% year-over-year, from $320.4M to $317.9M.
What is the long-term trend for Gates Industrial Corporation's fluid power — net sales?
Over 4 years (2021 to 2025), Gates Industrial Corporation's fluid power — net sales has grown at a 0.7% compound annual growth rate (CAGR), from $1.26B to $1.3B.
What does fluid power — net sales mean?
Represents the total revenue generated from the sale of fluid power products, including hoses and rigid tubing solutions, after deductions for returns and allowances. This metric serves as a primary indicator of market demand and the segment's ability to capture share within the industrial fluid conveyance market.