Gates Industrial Corporation plc (GTES) Revenue History
Annual and quarterly revenue from 2012 to present
GTES Revenue Over Time (2012–2025)
GTES Revenue Growth History
8 of 12 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +0.8%
- FY2015 revenue growth
- -6.9%
- FY2016 revenue growth
- +0.1%
- FY2017 revenue growth
- +10.7%
- FY2018 revenue growth
- +10.1%
- FY2019 revenue growth
- -7.8%
- FY2020 revenue growth
- -9.5%
- FY2021 revenue growth
- +24.4%
- FY2022 revenue growth
- +2.3%
- FY2023 revenue growth
- +0.5%
- FY2024 revenue growth
- -4.5%
- FY2025 revenue growth
- +1.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $851.1M | +0.4% |
| Q4 2025 | $856.2M | +3.2% |
| Q3 2025 | $855.7M | +3.0% |
| Q2 2025 | $883.7M | -0.2% |
| Q1 2025 | $847.6M | -1.7% |
| Q4 2024 | $829.4M | -3.9% |
| Q3 2024 | $830.7M | -4.8% |
| Q2 2024 | $885.5M | -5.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
GTES's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GTES Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 22, 2026, Gates Industrial Corporation plc (GTES) generated trailing twelve-month (TTM) revenue of $3.45 billion, reflecting modest growth of +0.4% year-over-year. The most recent quarter (Q1 2026) recorded $851.1 million in revenue, down 0.6% sequentially.
Historical Growth Trajectory
GTES's 5-year compound annual growth rate (CAGR) stands at +4.3%, indicating moderate growth over time. The 3-year CAGR of -1.1% is below the 5-year average, signalling a growth deceleration in recent years. Gates Industrial Corporation plc's highest annual revenue of $3.57 billion was recorded in 2023.
Revenue by Segment
GTES's revenue is primarily driven by Power Transmission Segment (62%), and Fluid Power Segment (38%). With over half of revenue concentrated in Power Transmission Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including GT (-3.7% YoY), ASTE (+11.5% YoY), and WMS (+5.0% YoY) — GTES has underperformed the peer group in revenue growth. Compare GTES vs GT →
GTES Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GTESCurrent | $3.4B | +0.4% | +4.3% | 15.3% | |
 GT | $18.3B | -3.7% | +8.2% | 3.6% | |
 ASTE | $1.4B | +11.5% | +6.6% | 4.6% | |
 WMS | $3.1B | +5.0% | +9.0% | 22.5% | |
 TREX | $1.2B | +5.4% | +5.9% | 22.0% | |
 PH | $19.9B | +6.0% | +7.7% | 20.5% |
GTES Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.44B | +1.0% | $1.39B | 40.5% | $528.3M | 15.3% |
| 2024 | $3.41B | -4.5% | $1.36B | 39.9% | $478.7M | 14.0% |
| 2023 | $3.57B | +0.5% | $1.36B | 38.1% | $462.6M | 13.0% |
| 2022 | $3.55B | +2.3% | $1.25B | 35.2% | $384.0M | 10.8% |
| 2021 | $3.47B | +24.4% | $1.34B | 38.5% | $484.1M | 13.9% |
| 2020 | $2.79B | -9.5% | $1.03B | 37.0% | $211.1M | 7.6% |
| 2019 | $3.09B | -7.8% | $1.14B | 37.0% | $346.8M | 11.2% |
| 2018 | $3.35B | +10.1% | $1.33B | 39.7% | $496.8M | 14.8% |
| 2017 | $3.04B | +10.7% | $1.22B | 40.0% | $402.9M | 13.2% |
| 2016 | $2.75B | +0.1% | $1.06B | 38.6% | $305.3M | 11.1% |
| 2015 | $2.75B | -6.9% | $1.04B | 37.7% | $184.6M | 6.7% |
| 2013 | $2.95B | +0.8% | $1.11B | 37.8% | $330.0M | 11.2% |
| 2012 | $2.92B | - | $1.05B | 36.0% | $240.9M | 8.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GTES — Frequently Asked Questions
Quick answers to the most common questions about buying GTES stock.
Is GTES's revenue growth accelerating or slowing?
GTES revenue growth is slowing. TTM revenue is $3.4B, up +0.4% year-over-year — below the 5-year CAGR of +4.3%. The deceleration suggests maturing end-markets or increased competition.
What is GTES's revenue history from 2012 to 2026?
Gates Industrial Corporation plc (GTES) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $3.4B, growing at +0.4% YoY. The 5-year CAGR is +4.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GTES's long-term revenue growth rate (CAGR)?
Gates Industrial Corporation plc's 5-year revenue CAGR of +4.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +0.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GTES.
Why does GTES's quarterly revenue fluctuate?
GTES quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Gates Industrial Corporation plc's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is GTES's revenue distributed by segment?
GTES reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GTES's revenue compare to industry peers?
Gates Industrial Corporation plc (GTES) with TTM revenue of $3.4B and +0.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.