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.
Follow GTES
Gates Industrial Corporation PLC (GTES) Piotroski F-score
Gates Industrial Corporation PLC's Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 7 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 1.00 |
| FY2024 | 7 | (1.00) |
| FY2023 | 8 | 1.00 |
| FY2022 | 7 | (1.00) |
| FY2021 | 8 | 3.00 |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | (2.00) |
| FY2018 | 7 | 0.00 |
| FY2017 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 3.61% | 2.78% | Pass | 1 |
| Positive operating cash flow | 478.10m | 379.60m | Pass | 1 |
| Rising return on assets | 3.61% | 2.78% | Pass | 1 |
| Cash flow above net income | 226.70m | 184.70m | Pass | 1 |
| Falling long-term leverage | 0.32 | 0.34 | Pass | 1 |
| Rising current ratio | 3.37 | 3.20 | Pass | 1 |
| No new shares issued | 256,663,000 | 259,484,000 | Pass | 1 |
| Rising gross margin | 39.84% | 39.86% | Fail | 0 |
| Rising asset turnover | 0.49 | 0.49 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GTES Gates Industrial Corporation PLC | 8 |
| PNR Pentair plc compare | 8 |
| AOS A. O. Smith Corporation compare | 8 |
| FLS Flowserve Corporation compare | 8 |
| NPO Enpro Inc. compare | 6 |
| MIDD The Middleby Corporation compare | 5 |
| FELE Franklin Electric Co., Inc. compare | 5 |
| JBTM JBT Marel Corporation compare | 4 |
| CSW CSW Industrials, Inc. compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover