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GTESGates Industrial Corporation plc
$26.15$6.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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GTES logo

Gates Industrial Corporation plc

GTES
NYSE · Industrial Machinery
$26.15
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$6.64B
P/E27.2x
52W High$30.34
Volume1.66M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Deleveraging and Margin Expansion Signal Inflection

Gates Industrial is emerging from a cyclical trough, with Q2 2026 revenue growth of 6.6% YoY and gross margin reaching a record 41.8%, indicating improved pricing and mix. The company has aggressively deleveraged, cutting total debt from $2.5B to $168.5M, resu...

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

GTES price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-20% Peers

P/E is 20% below peer median

03

Market leadership

RS 62 · Avg

Average momentum (RS Rating: 62)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 31
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth turned positive at 6.6% YoY in Q2 2026, with gross margin expanding to 41.8% and operating margin reaching 15.7%, though net income volatility persists due to tax effects.

Analyst Consensus+20.1% target
Buy(15 analysts)
10 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Strong liquidity position

Healthy cash reserves of 689.40M provide 22.60x coverage of short-term debt 30.50M, demonstrating strong liquidity position and minimal refinancing risk.

Robust operating cash flow

Operating cash flow of 399.20M provides exceptional 16.36x coverage of minority interest expenses 24.40M, showing strong core operations.

Diverse product portfolio

Gates Industrial Corporation offers a portfolio of products to aftermarket channel customers and OEMs, used across automotive and industrial applications.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
GTES+18.54%
S&P 500 (^GSPC)+13.20%
1-Year Return
GTES+2.27%
S&P 500 (^GSPC)+15.98%
3-Year Return
GTES+126.21%
S&P 500 (^GSPC)+85.82%
5-Year Return
GTES+62.93%
S&P 500 (^GSPC)+78.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
27.2x
Forward P/EExpansion
15.6x
EV/EBITDA100th %ile
11.2x
FCF YieldCash Flow
6.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
27.2x
15.9x
80th· High
EV/EBITDA
11.2x
9.6x
100th· High
Price/FCF
16.4x
16.0x
60th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$13.65-47.8%
Base (Fair)$25.87+1.0%
Bull$34.82+33.2%
$13.65 Bear$25.87 Base$34.82 Bull
Current Market Price: $26.15
Trades at a 1.1% premium to Base DCF ($25.87)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.44B+1.0% YoY
Net income
$251M+29.0% YoY
Free cash flow
$405M+36.6% YoY
Operating margin
15.3%+1.3 pts YoY
ROIC (TTM)7.5%
Avg ROIC 5Y-
ROE (TTM)7.2%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 31, 2026
$0.44+5.4%
vs $0.42
$942M+1.5%
vs $927M
Q2 2026
May 1, 2026
$0.35+9.4%
vs $0.32
$851M-1.0%
vs $860M
Q1 2026
Feb 12, 2026
$0.38+2.7%
vs $0.37
$856M+0.3%
vs $853M
Q4 2025
Oct 29, 2025
$0.39+2.6%
vs $0.38
$856M+0.2%
vs $854M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 16, 2026
Squarepoint Ops LLC Acquires Shares of 62,569 Gates Industrial Corporation PLC $GTES

Squarepoint Ops LLC bought a new stake in shares of Gates Industrial Corporation PLC (NYSE: GTES) in the undefined quarter, according to the company in its most recent filing with the SEC. The fund bought 62,569 shares of the company's stock, valued at approximately $1,750,000. Several other hedge funds and other institutional investors

Seeking Alpha·Sep 15, 2026
Gates Industrial Corporation Ltd. (GTES) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Gates Industrial Corporation Ltd. (GTES) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Seeking Alpha·Sep 10, 2026
Gates Industrial Corporation Ltd. (GTES) Presents at Jefferies Global Industrials Conference 2026 Transcript

Gates Industrial Corporation Ltd. (GTES) Presents at Jefferies Global Industrials Conference 2026 Transcript

PRNewsWire·Sep 8, 2026
Gates Industrial to Host Capital Markets Day on November 19, 2026

DENVER, Sept. 8, 2026 /PRNewswire/ -- Gates Industrial Corporation Ltd.

Filtered for Gates Industrial Corporation plcMore Headlines
04

Compare before deciding

Benchmark GTES against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Gates Industrial Corporation plc (GTES)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GTES logoGTESGates Industrial Corporation plcCurrent
$26.15$6.64B27.241.03%7.3%7.15%—
GT logoGTThe Goodyear Tire & Rubber Company
$5.49$1.58B-0.92-3.17%-14.37%-79.74%—
ASTE logoASTEAstec Industries, Inc.
$42.28$972.13M25.178.07%1.26%2.88%—
WMS logoWMSAdvanced Drainage Systems, Inc.
$130.73$10.02B24.035.03%14%30.01%—
TREX logoTREXTrex Company, Inc.
$44.13$4.59B24.791.98%14.68%17.38%—
PH logoPHParker-Hannifin Corporation
$964.85$121.65B112.98-71.01%16.97%25.1%—

Compare GTES vs Peers

Gates Industrial Corporation plc (GTES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GT

Most directly comparable listed peer for GTES.

Scale Benchmark

vs CAT

Larger-name benchmark to compare GTES against a more recognizable public peer.

Peer Set

Compare Top 5

vs GT, ASTE, WMS, TREX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

GTES SEC Filings & Documents

Gates Industrial Corporation plc (GTES) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 31, 2026·SEC

Material company update

Jul 16, 2026·SEC

Material company update

Jun 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 6, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 31, 2026·SEC

FY 2026

May 1, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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GTES Frequently Asked Questions

Gates Industrial Corporation plc (GTES) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Gates Industrial Corporation plc's revenue?

Gates Industrial Corporation plc (GTES) reported $3.50B in revenue for fiscal year 2025. This represents a 20% increase from $2.92B in 2012.

How fast is Gates Industrial Corporation plc growing?

Gates Industrial Corporation plc (GTES) grew revenue by 1.0% over the past year. Growth has been modest.

Is GTES profitable?

Yes, Gates Industrial Corporation plc (GTES) is profitable, generating $363.9M in net income for fiscal year 2025 (7.3% net margin).

Dividend & Returns
What is GTES's return on equity?

Gates Industrial Corporation plc (GTES) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.

What is Gates Industrial Corporation plc's free cash flow?

Gates Industrial Corporation plc (GTES) generated $398.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in GTES back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →