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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Gates Industrial Corporation plc operates worldwide, specializing in the engineering, manufacturing, and sale of sophisticated power transmission and fluid power systems. The company is organized into two main operational units: Power Transmission and Fluid Power. The Power Transmission segment delivers a wide array of belts, including V-belts, CVT belts, and Micro-V belts, whether synchronous or asynchronous, along with essential associated components like sprockets, pulleys, water pumps, and tensioners.
How they make money
Gates Industrial Corporation generates revenue by designing, manufacturing, and selling highly engineered power transmission and fluid power solutions. The company operates through a diversified business model that serves both original equipment manufacturers (OEMs) and aftermarket replacement channels across various industrial and consumer sectors globally.
Products & services
The company provides a broad portfolio of application-specific products including power transmission belts, industrial hoses, hydraulic systems, and related components used in diverse machinery and automotive applications.
Brands & revenue mix
Gates
The primary global brand under which the company sells its power transmission and fluid power products.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company's business is highly diversified across products, channels, and geographies, and it does not rely on any single end market or customer for a material portion of its revenue.
Suppliers, materials & equipment
Raw material and component suppliers — The company relies on various global suppliers for raw materials such as rubber, chemicals, and metals, as well as specialized components; specific supplier names are not disclosed.Source
Strengths
Strong global brand recognition and reputation for technological innovationSource
Diversified business model across products, channels, and geographiesSource
Risks
Exposure to uncertain demand environments and fluctuations in industrial activitySource
Operational risks associated with global manufacturing and supply chain dependenciesSource
Overall investment score · Quality, value, risk and opportunity
43
Weak
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
69
Fair
Financial Strength
69
Business Quality / Moat
76
Management
87
Growth Quality
33
Risk / Durability
73
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
33
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
43/100
Building Historical Record
Model Score 43/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
•Recent buyback activity is present
What to watch
•M&A headline · Sep 28, 2026
•M&A headline · Sep 16, 2026
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for GTES
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can GTES maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is GTES's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is GTES's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What future growth or profitability would be needed to justify GTES's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for GTES
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Sep 28, 2026
Gates Completes Acquisition of the Belts Business from The Timken Company — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Squarepoint Ops LLC Acquires Shares of 62,569 Gates Industrial Corporation PLC $GTES — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Strong global brand recognition and reputation for technological innovation.
+Diversified business model across products, channels, and geographies.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Industrial - Machinery industry.
−Exposure to uncertain demand environments and fluctuations in industrial activity.
−Operational risks associated with global manufacturing and supply chain dependencies.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Weak43/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
76
Debt Cost5.9%
Debt Reduction YoY-1.3%
Debt / Equity0.75x
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Revenue
Poor
17
Revenue YoY1.8%
Revenue CAGR-1.8%
Net Margin10.4%
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Asset
Weak
43
Asset Growth YoY5.4%
Liquidation/Share$14.95
Net Assets/MCap0.76x
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Capital
Weak
41
Earnings Yield5.5%
Buyback Yield2.7%
Debt Cost5.9%
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Management
Strong
87
ROIC8.5%
ROE10.3%
ROA4.9%
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Moat
Strong
76
EPS Growth18.5%
FCF/Share Growth23.1%
Rev/Share Growth3.3%
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Valuation
Poor
22
Intrinsic Value$12.16
Value Reference$7.29
MOS-112.6%
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Buffett
Fair
55
Revenue17
Moat76
Valuation22
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MOS
Poor
0
MOS %-112.6%
Value Reference$7.29
Deep Discount Reference$4.86
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Financial
Poor
34
Interest Coverage3.5x
ROIC8.5%
FCF Yield6.1%
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Master
Poor
38
Financial34
Valuation22
Debt76
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Resilience
Fair
64
Survival Years1.2 yrs
Current Ratio3.37x
FCF Margin11.8%
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Score Changes
4 historical score records available
Previous Score
43
Sep 28, 2026
Change
Unchanged
Current Score
43
Oct 1, 2026
Category Changes
Revenue+0.1
Debt0
Assets+0.1
Capital0
Management0
Moat0
Valuation0
Buffett0
GTES score was unchanged.
Projected Score
Projected Score
48
Projected Change
+5.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 5.8 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2022
2021
2019
2018
2017
2016
Revenue
$3.50B
$3.44B
$3.41B
$3.57B
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Cost of Revenue
$2.09B
$2.05B
$2.05B
$2.21B
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Gross Profit
$1.42B
$1.39B
$1.36B
$1.36B
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Research & Development
$71.9M
$71.9M
$0.00
$0.00
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SG&A Expenses
$896.6M
$794.0M
$870.0M
$882.2M
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Operating Expenses
$903.6M
$865.9M
$879.8M
$896.3M
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EBITDA
$724.1M
$703.0M
$677.6M
$656.9M
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Operating Income
$515.5M
$528.3M
$478.7M
$462.6M
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Interest Expense
$151.2M
$149.0M
$170.4M
$173.5M
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Income Before Tax
$344.3M
$340.2M
$328.0M
$285.3M
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Income Tax Expense
-$45.4M
$63.1M
$107.5M
$28.3M
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Net Income
$363.9M
$251.4M
$194.9M
$232.9M
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Basic EPS
$1.43
$0.96
$0.75
$0.86
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Basic Shares
254M
261M
260M
272M
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Diluted Shares
256M
261M
263M
276M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 6.6%. EPS increased 204.5%. Cash increased 14.4%. Total debt declined 4.5%. Net income margin improved by 11.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
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10 Years
$———.——
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Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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