Friday 6 November 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.

Revenue: +5.60%
EPS: +9.68%
Free cash flow: −47.5%
Total debt: −0.07%

Quarter to September 2026, against a year earlier

23.69 0.77 −3.15%

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Market cap: $5.9B
P/E: 16.3×
Fwd P/E: 16.2×
Dividend yield: —
F-score: 8/9
Altman Z: 2.27
Beneish M: −2.54
Dividend safety: 69/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Gates Industrial Corporation PLC (GTES) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Power Transmission	2,147	62.36%
Fluid Power	1,296	37.64%
Gross margin		39.84%
Operating margin		13.51%
Pre-tax margin		9.88%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Power Transmission	2,147 62.36%	2,108 61.85%	2,191 61.37%	2,174 61.16%	2,216 63.79%	1,800 64.45%	1,946 63.03%	2,099 62.70%	2,009 66.06%	1,862 67.79%
Fluid Power	1,296 37.64%	1,300 38.15%	1,379 38.63%	1,381 38.84%	1,258 36.21%	993 35.55%	1,141 36.97%	1,249 37.30%	1,032 33.94%	885 32.21%
Revenue	3,443	3,408	3,570	3,554	3,474	2,793	3,087	3,348	3,042	2,747

Revenue by region $m

Line	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Developed	2,334 65.37%	2,281 64.19%	2,215 63.74%	1,788 64.01%	2,013 65.22%	2,157 64.45%	1,964 64.58%	1,802 65.58%
Emerging	1,236 34.63%	1,273 35.81%	1,260 36.26%	1,005 35.99%	1,074 34.78%	1,190 35.55%	1,077 35.42%	946 34.42%
Also reported: a second breakdown of the same revenue
United States	—	—	—	—	—	—	—	1,058 38.50%
Rest of EMEA	—	—	—	—	—	—	—	631 22.96%
East Asia And India	—	—	—	—	—	—	—	365 13.30%
China	—	—	—	—	—	—	—	269 9.78%
North America Excluding United States	—	—	—	—	—	—	—	262 9.52%
South America	—	—	—	—	—	—	—	90 3.28%
United Kingdom	—	—	—	—	—	—	—	73 2.65%
Revenue	3,570	3,554	3,474	2,793	3,087	3,348	3,042	2,747

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Core revenue growth	Q3 FY2026	5.50%	1.70%	—

	Q3 FY2026	Q2 FY2026	Q4 FY2025	Q3 FY2025	Q1 FY2025
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.