Gates Industrial Corporation plc (GTES) Revenue History
Annual and quarterly revenue from 2013 to 2025
Compound Annual Growth Rate (CAGR)
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GTES Revenue Growth
Revenue Breakdown (FY 2025)
GTES's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GTES Revenue Analysis (2013–2025)
As of May 7, 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.
Looking at the longer-term picture, GTES's 5-year compound annual growth rate (CAGR) stands at +4.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $3.57 billion in 2023.
Revenue diversification analysis shows GTES's business 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 maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including GT (-3.7% YoY), ASTE (+11.5% YoY), and WMS (+1.6% YoY), GTES has underperformed the peer group in terms of 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 | $2.9B | +1.6% | +11.7% | 22.6% | |
 TREX | $1.2B | +2.0% | +5.9% | 22.0% | |
 PH | $19.9B | +6.0% | +7.7% | 20.5% |
GTES Historical Revenue Data (2013–2025)
| 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% |
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Start ComparisonGTES — 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 slowed to +0.4%, below the 5-year CAGR of +4.3%. TTM revenue is $3.4B. The deceleration marks a shift from historical growth rates.
What is GTES's long-term revenue growth rate?
Gates Industrial Corporation plc's 5-year revenue CAGR of +4.3% reflects the variable expansion pattern. Current YoY growth of +0.4% is near this long-term average.
How is GTES's revenue distributed by segment?
GTES reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2025 are available for download. Segment mix reveals concentration and diversification trends.