Gates Industrial Corporation plc (GTES) Stock

Gates Industrial Corporation plc (GTES) is a Industrials stock trading at $25.90 (as of 2026-08-20), with a market capitalization of $6.56B and a trailing P/E of 18.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power products through two segments: Power Transmission and Fluid Power. Its offerings include belts and related components, as well as hydraulics such as hoses, tubing, fittings, and assemblies, serving replacement and original equipment channels across industrial and mobility applications worldwide.

Understand Gates Industrial Corporation plc: how it makes money

Gates Industrial makes engineered power transmission and fluid power solutions, selling products like belts and related components across Power Transmission and Fluid Power, and it monetizes these by manufacturing and selling the systems and parts used in industrial, mobile, and mobility applications.

The profit engine is selling engineered power transmission and fluid power products through two segments (Power Transmission and Fluid Power), so results are shaped by how much end market demand translates into net sales and order flow across those product lines.

Revenue by segment (latest quarter)
PowerTx$0.5B
FluidPower$0.3B

Business quality (Mixed): Clear two-segment business model and operational tracking (pipelines and book-to-bill) help investors connect demand signals to revenue, but the provided information here does not include deeper drivers for conversion, pricing, or region and customer mix.

Valuation: At 30× earnings, GTES trades 10% below the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Order momentum signal: The Book-to-Bill Ratio is 1.05, which suggests orders are running ahead of sales (a positive near-term demand indicator).
  • Multiple application growth pockets: The company tracks opportunity pipelines for Personal Mobility (USD_B 0.3) and Data Center (USD_B 0.15), which indicates it is looking across different end markets.
  • Segment diversification: Operating results are spread across two reportable segments, Power Transmission and Fluid Power, rather than a single product line.

Bear case

  • Pipeline conversion risk: Opportunity pipelines (Personal Mobility and Data Center) may not convert into revenue when project timing or customer spending changes.
  • Industrial demand sensitivity: Because the company sells engineered components into industrial and mobility applications, downturns or production slowdowns in these end markets can pressure net sales and order flow.
  • Mix and execution risk between segments: With two segments (Power Transmission and Fluid Power), unfavorable mix or slower performance in one segment can weigh on consolidated results.
Valuation — source: SEC EDGAR (first-party)
Price$25.90
Market Cap$6.56B
P/E Ratio18.0
EV / EBITDA11.6
Price / Book1.68
Price / Sales1.87
FCF Yield6.2%
DCF Value (model)$10.24
DCF Upside vs Price-60.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.44B
Net Margin7.3%
Revenue Growth (YoY)6.6%
EPS Growth (YoY)204.5%
FCF Growth (YoY)-27.9%
Financial Health — source: SEC EDGAR
Altman Z-Score2.45 (grey)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E18.0
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
vs Sector-30.3%
vs Industry-44.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($672.24M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorIndustrials
IndustryMachinery
CEOIvo Jurek
Employees14,100
CountryUS
IPO Date2018-01-25

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GTES earnings history · GTES institutional & insider holders · GTES KPIs & operating metrics · GTES financials · GTES investor presentations & press releases · GTES SEC filings · GTES peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.