Gates Industrial/$GTES
Gates Industrial shares fall as investors treat the raised FY26 outlook as underwhelming despite a Q3 earnings beat, with revenue marginally below some estimates and the EPS midpoint only slightly above consensus.
18 hours agoLightyear AI
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Capital at risk
About Gates Industrial
Gates Industrial Corp Ltd operates as a manufacturer of application-specific fluid power and power transmission solutions. Its product portfolio includes engineered components used in power transmission and fluid power applications across a range of end markets and geographic regions.
- Ticker
- $GTES
- Sector
- Industrials
- Primary listing
- NYSE
- Employees
- 13,000
- Headquarters
- Denver, United States
- Website
- www.gates.com
Gates Industrial Metrics
BasicAdvanced
$6B
16.75
$1.42
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Price and volume
Market cap
$6B
52-week high
$30.34
52-week low
$23.26
Average daily volume
2M
Financial strength
Current ratio
3.408
Quick ratio
2.169
Long term debt to equity
0.588
Total debt to equity
0.595
Interest coverage (TTM)
4.32%
Profitability
EBITDA (TTM)
754.7
Gross margin (TTM)
40.96%
Net profit margin (TTM)
10.37%
Operating margin (TTM)
14.94%
Effective tax rate (TTM)
-9.73%
Revenue per employee (TTM)
$270,000
Management effectiveness
Return on assets (TTM)
4.55%
Return on equity (TTM)
10.26%
Valuation
Price to earnings (TTM)
16.747
Price to revenue (TTM)
1.707
Price to book
1.68
Price to tangible book (TTM)
13.59
Price to free cash flow (TTM)
17.637
Free cash flow yield (TTM)
5.67%
Free cash flow per share (TTM)
1.351
Growth
Revenue change (TTM)
3.98%
Earnings per share change (TTM)
57.01%
3-year revenue growth (CAGR)
-0.44%
3-year earnings per share growth (CAGR)
16.04%
What the Analysts think about Gates Industrial
Analyst ratings (Buy, Hold, Sell) for Gates Industrial stock.
Analyst projections of the future price of Gates Industrial stock.
Bulls say / Bears say
Industrial demand is broadening: Q3 core sales rose 5.5%, industrial markets grew at a high-single-digit rate, and the global book-to-bill stayed above one. North American industrial OEM sales grew more than 20%, suggesting the recovery is reaching an important region and channel. (Benzinga)
Gates is converting growth into stronger earnings: Q3 adjusted EBITDA margin reached a company record 23.8%, while adjusted EPS rose 21% to a quarterly record. Management raised its 2026 adjusted EPS guidance to $1.66–$1.72 a share. (PR Newswire)
Data-centre applications offer a potential growth engine beyond the traditional industrial business. Q3 data-centre revenue was about two and a half times the year-earlier level, as Gates expands its product range and customer base for liquid-cooling uses. (Benzinga)
Top-line growth remains less compelling than the profit outlook: Q3 revenue grew 5.6% but fell short of analyst expectations, while the full-year core sales growth midpoint remained 3.5%. That leaves the company relying on execution and margins for much of its earnings growth. (Investing.com, PR Newswire)
The recovery is uneven across end markets: agriculture sales grew only slightly in Q3, and management described a steady recovery as a possibility for 2027 rather than an established trend. Continued weakness there could limit growth in the Fluid Power business. (Benzinga)
Near-term margins face cost and spending headwinds. Fluid Power's Q3 adjusted EBITDA margin slipped 10 basis points year on year, while management cited seasonal effects, price-cost dilution and higher variable compensation as factors weighing on Q4 margins. (PR Newswire, Benzinga)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
Gates Industrial Financial Performance
Revenues and expenses
Gates Industrial Earnings Performance
Company profitability
Upcoming events
No upcoming events
Gates Industrial News
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Funds containing Gates Industrial
Fund name | Fund size | $GTES weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.37% |
iShares S&P Small Cap 600£ISP6 | $3.2B | 0.37% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.15% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $3.2B | 0.15% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.11% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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