Saturday 17 October 2026 Export GTES’s income statement to Excel — free account

Gates Industrial Corporation PLC

GTES Industrials Specialty Industrial Machinery

Gates Industrial Corporation PLC’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 1.03% from fiscal 2024. In the quarter to June 2026, revenue grew 6.55%, EPS grew 204.6%, free cash flow fell 18.5% and total debt fell 5.75%, each against the same quarter a year earlier.

25.83 0.51 −1.94%

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Market cap: $6.7B
P/E: 18.2×
Fwd P/E: 23.0×
Dividend yield: —
F-score: 8/9
Altman Z: 2.27
Beneish M: −2.54
Dividend safety: 69/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.98

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	—	—	—	—	—	—	—	—	2	—	—

Insider Ownership 2.15%

Capital & Financial Ratios $m

Market Cap 6,670.00

Revenue 3,504.60

Net Income 389.10

Free Cash Flow 379.80

Net Debt 1,466.30

Current Ratio 3.24

Debt/Equity 0.59

P/E ratio 18.19

Fwd P/E 23.00

P/S ratio 1.87

P/B ratio 1.68

Past 5Y EPS Growth 28.88%

This Y EPS Growth 10.11%

Next Y EPS Growth 14.50%

Next Y revenue growth 4.96%

Next 5Y EPS Growth 11.95%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 46.90%

10-year low 10-year high

P/S against its own 10 years 92.02%

10-year low 10-year high

P/B against its own 10 years 76.57%

10-year low 10-year high

EV/Sales against its own 10 years 79.35%

10-year low 10-year high

EV/FCF against its own 10 years 27.89%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	721	682	812	824
Receivables	799	751	788	941
Inventory	647	676	700	741
Other	—	—	—	—
	2,401	2,306	2,482	2,709

	2023	2024	2025	Q'26
Payables	458	408	434	482
ST’ Debt	37	39	36	39
Other	—	—	—	—
	779	722	735	835

Compound Annual Growth %

	10y	5y	3y
Sales	2.29%	4.27%	(1.05%)
Cash Flow	5.65%	9.12%	21.62%
Earnings	26.01%	25.92%	4.42%
Book Value	11.96%	2.98%	2.32%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	851	942	—	—	—
’25	848	884	856	856	3,443
’24	863	886	831	829	3,408
’23	898	936	873	863	3,570
’22	893	907	861	893	3,554
’21	881	915	862	816	3,474
’20	710	577	712	794	2,793

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	30	79	—	—	—
’25	7	103	98	270	478
’24	(21)	94	116	191	380
’23	53	131	108	189	481
’22	(105)	24	101	247	266
’21	(24)	136	102	169	382
’20	31	41	56	182	309

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	10	60	—	—	—
’25	(17)	74	73	236	367
’24	(39)	77	88	159	285
’23	38	116	91	166	411
’22	(123)	4	73	226	179
’21	(44)	112	82	146	295
’20	16	28	38	160	242

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.23	0.67	—	—	—
’25	0.24	0.22	0.31	0.20	0.96
’24	0.15	0.26	0.18	0.14	0.74
’23	0.09	0.23	0.29	0.24	0.84
’22	0.10	0.19	0.18	0.30	0.77
’21	0.23	0.33	0.23	0.21	1.00
’20	0.12	(0.08)	0.14	0.08	0.27

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	12.20	6.76	5.42	12.34	9.40	10.68	12.41	14.70	Analyst estimates 2026–2028 Powerpack
	High	—	—	20.29	17.60	14.30	18.94	16.87	14.93	23.34	26.46
People
People	Employees	13,500	14,200	14,200	14,700	14,300	15,050	15,000	14,700	14,100	13,000
	Revenue/emp, $m	0.20	0.21	0.24	0.21	0.20	0.23	0.24	0.24	0.24	0.26
Income, $m
Income, $m	Revenue	2,747	3,042	3,348	3,087	2,793	3,474	3,554	3,570	3,408	3,443
	Gross margin, %	38.62	40.04	39.75	37.01	37.05	38.54	35.19	38.06	39.86	39.84
	EBT	93	110	304	199	71	350	258	285	328	340
	EBT margin, %	3.39	3.60	9.07	6.44	2.54	10.07	7.25	7.99	9.62	9.88
	Net income	84	183	271	694	90	331	243	256	220	276
	Depreciation	244	212	219	222	219	223	217	218	217	214
Per share, $
Per share, $	Revenue	11.18	12.39	11.71	10.64	9.61	11.91	12.51	13.13	13.13	13.42
	Earnings	0.34	0.62	0.86	2.38	0.27	1.02	0.77	0.86	0.75	0.98
	Cash flow	1.53	1.30	1.10	1.20	1.06	1.31	0.94	1.77	1.46	1.86
	Capex	(0.26)	(0.45)	(0.64)	(0.29)	(0.23)	(0.30)	(0.31)	(0.26)	(0.36)	(0.43)
	Free cash flow	1.28	0.85	0.46	0.92	0.83	1.01	0.63	1.51	1.10	1.43
	Book value	4.35	5.82	8.16	10.38	10.96	11.94	12.12	13.03	12.87	14.37
	Shares, m	246	246	286	290	291	292	284	272	259	257
Valuation, ×
Valuation, ×	P/E	24.86	24.86	15.40	5.78	49.08	15.91	15.03	15.36	27.80	22.13
	P/S	1.49	1.49	1.13	1.29	1.33	1.34	0.92	1.02	1.57	1.60
	P/B	3.18	3.18	1.62	1.33	1.16	1.33	0.95	1.02	1.60	1.49
	EV/Sales	2.64	2.64	1.93	2.08	2.15	1.91	1.48	1.52	2.08	2.03
	EV/FCF	39.25	39.25	49.30	24.17	24.87	22.51	29.37	13.25	24.88	19.08
Cash, $m
Cash, $m	Operating cash flow	377	320	314	349	309	382	266	481	380	478
	Capex	(63)	(111)	(183)	(83)	(67)	(87)	(87)	(70)	(95)	(112)
	Free cash flow	314	209	131	266	242	295	179	411	285	367
Balance, $m
Balance, $m	Working capital	1,045	1,128	1,136	1,301	1,180	1,423	1,525	1,622	1,585	1,746
	Total debt	3,932	4,056	3,087	3,067	2,820	2,668	2,543	2,531	2,433	2,295
	Net debt	3,405	3,492	2,664	2,432	2,299	2,010	1,964	1,810	1,751	1,483
	Shareholders’ equity	1,068	1,428	2,334	3,011	3,185	3,481	3,444	3,544	3,340	3,689
Returns, %
Returns, %	ROA	0.89	2.29	3.61	9.77	1.07	3.97	3.00	3.22	2.78	3.61
	ROIC	4.27	5.12	6.21	3.98	2.41	5.51	4.44	5.37	5.80	5.62
	ROE	5.10	12.12	13.04	25.83	2.56	8.91	6.38	6.67	5.66	7.15

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FLS Flowserve Corporation	$9.0B	24.5×	19.0×	−1.59% (below 0%: shrinking)	+25.81% (above 0%: growing)	−18.46% (below 0%: shrinking)	32.91%	15.78%	Compare
PNR Pentair plc	$8.5B	13.3×	14.9×	−16.96% (below 0%: shrinking)	−11.11% (below 0%: shrinking)	−7.20% (below 0%: shrinking)	42.35%	17.85%	Compare
AOS A. O. Smith Corporation	$8.1B	16.5×	15.3×	−0.69% (below 0%: shrinking)	−14.95% (below 0%: shrinking)	−6.61% (below 0%: shrinking)	38.61%	18.93%	Compare
GTES Gates Industrial Corporation PLC	$6.7B	18.2×	23.0×	+6.55% (above 0%: growing)	+204.55% (above 0%: growing)	−18.45% (below 0%: shrinking)	41.00%	13.98%
NPO Enpro Inc.	$6.0B	134×	51.3×	+17.60% (above 0%: growing)	+1.59% (above 0%: growing)	−15.53% (below 0%: shrinking)	43.98%	17.03%	Compare
JBTM JBT Marel Corporation	$5.5B	28.3×	25.4×	+4.92% (above 0%: growing)	+671.43% (above 0%: growing)	−10.23% (below 0%: shrinking)	36.60%	4.69%	Compare
MIDD The Middleby Corporation	$4.9B	— (loss-making)	18.9×	+9.88% (above 0%: growing)	−39.80% (below 0%: shrinking)	−544.63% (below 0%: shrinking)	38.27%	16.87%	Compare
CSW CSW Industrials, Inc.	$4.7B	39.4×	29.5×	+33.00% (above 0%: growing)	+25.51% (above 0%: growing)	+20.60% (above 0%: growing)	44.88%	22.77%	Compare
FELE Franklin Electric Co., Inc.	$4.5B	28.6×	21.7×	+6.03% (above 0%: growing)	+12.12% (above 0%: growing)	+122.96% (above 0%: growing)	37.02%	15.03%	Compare
Median of peers	$5.8B	28.3×	20.4×	+5.48%	+6.86%	−8.71%	38.44%	16.95%

All 76 Specialty Industrial Machinery stocks →

Gates Industrial Corporation PLC (GTES) key facts

Strength: Gates Industrial Corporation PLC’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 1.03% from fiscal 2024.
Gates Industrial Corporation PLC (GTES) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, GTES traded at $25.83, a market capitalization of $6.7 billion.
Return on equity was 7.15% and debt-to-equity 0.59.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.27 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.