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GTES · NYSE · Industrial - Machinery

Gates Industrial

Engineered belts and fluid-transfer components for industrial and mobile applications.

$25.87

After-hours close−0.02 (−0.08%)

At close$25.89(−1.86%)

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Profile

Gates Industrial Corporation plcGTESIndustrials

Sells engineered belts, hoses, tubing and fittings through Power Transmission and Fluid Power. A large aftermarket business works through distributors alongside OEM sales across geographically distributed industrial and transportation markets.

Power Transmission supplies elastomer drive belts and related components for stationary and mobile drives, engine systems and personal-mobility applications. Fluid Power supplies hoses, tubing and fittings for high-pressure hydraulic and other fluid-transfer uses. Together, the lines serve industrial, transportation, consumer, energy and agricultural applications. Operations are geographically distributed across the Americas, EMEA, East Asia, India and China.

Aftermarket sales flow principally through distributors, while OEMs buy specified first-fit components. A manufacturing-led workforce supports application-specific materials-science development. Manufacturing depends on raw materials and commodities exposed to tariffs; mitigation includes surcharges, local supply and alternative sources.

Company facts

CEOIvo Jurek

ListedJan 25, 2018

ExchangeNYSE

HeadquartersDenver, CO

CountryUnited States

Employees13,000

CIK0001718512

ISINBMG391041073

Key statistics

Market cap$6.57B

EPS (ttm)$1.42

P/E (ttm)18.22

ROE10.7%

P/B1.86

P/S1.87

Dividend yield—

Beta1.66vs XLI 1.44

Year to date +17.4% · Average volume (30d) 1.9M

Analysts

Price target, next 12 months$33.00+27.6%Median of 15 analysts · vs the Aug 28 close

ConsensusBuy10 of 15 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $25.87

High$34.00+31.4%

Median$33.00+27.6%

Low$28.00+8.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Aug 3, 2026	KeyBanc	Reiterate	Overweight	$30	$34
Jul 16, 2026	RBC Capital	Reiterate	Outperform	$31	$33
Jul 9, 2026	Wolfe Research	Reiterate	Outperform	$21	$33
May 29, 2026	Morgan Stanley	Reiterate	Equal Weight	$27	$28
Mar 11, 2026	Morgan Stanley	Reiterate	Equal Weight	$19	$27

Earnings

EPS

Estimate$0.44

ReportedDue Oct 30, 2026

Revenue

Estimate$905.3M

ReportedDue Oct 30, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jul 31, 2026Q2 FY26	$0.42	$0.44	+5.4%	$927.3M	$941.6M	+1.5%	+8.53%
May 1, 2026Q1 FY26	$0.32	$0.35	+9.4%	$859.7M	$851.1M	−1.0%	+2.41%
Feb 12, 2026Q4 FY25	$0.37	$0.38	+2.7%	$853.3M	$856.2M	+0.3%	+1.60%
Oct 29, 2025Q3 FY25	$0.38	$0.39	+2.6%	$854.2M	$855.7M	+0.2%	−2.84%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$847.6M	$883.7M	$855.7M	$856.2M	$851.1M	$941.6M
Gross profit	$344.6M	$360.2M	$341.6M	$343.3M	$340.5M	$393.7M
Operating income	$124.7M	$115.8M	$115.4M	$136.9M	$114.9M	$148.3M
Net income	$62.0M	$56.5M	$81.6M	$51.3M	$59.9M	$171.1M
Diluted EPS	$0.24	$0.22	$0.32	$0.20	$0.23	$0.67
Gross margin	40.7%	40.8%	39.9%	40.1%	40.0%	41.8%
Operating margin	14.7%	13.1%	13.5%	16.0%	13.5%	15.7%

Fiscal years (4-quarter sums)FY21 $3.47B · FY22 $3.55B · FY23 $3.57B · FY24 $3.41B · FY25 $3.44B

Revenue by product · Q2 FY26

Power Transmission Segment$588.5M · 63%

Fluid Power Segment$353.1M · 38%

Balance sheet, Jun 27, 2026Cash & short-term investments $823.5M · Total debt $2.36B · Total assets $7.39B · Shareholders' equity $3.52B

Dividends

No dividends on record.

Ownership

Institutions 100.60%Insiders 1.62%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 254.00M · Float 249.02M · 98.0% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	30.09M	11.85%	13F	Aug 7, 2026
FMR LLC	19.60M	7.72%	13F	Aug 13, 2026
Vanguard Portfolio Management LLC	13.10M	5.16%	13F	Aug 13, 2026
Allspring Global Investments Holdings, LLC	12.13M	4.78%	13F	Aug 13, 2026
Dimensional Fund Advisors LP	11.93M	4.70%	13F	Aug 11, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 6, 2026	Peifang Zhang	director	−6,000	$28.62
Aug 5, 2026	Peifang Zhang	director	−6,000	$29.56
Aug 4, 2026	Peifang Zhang	director	−5,000	$29.76
Nov 26, 2025	Gwendolyn Ann Montgomery	officer: Chief Human Resources Officer	−40,996	$22.60
Nov 17, 2025	Gwendolyn Ann Montgomery	officer: Chief Human Resources Officer	−2,338	$21.64