Gates Industrial Corp Ltd.

GTES · NYSE · ·

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$25.33-0.8%Nov 12 close

Figures through September 26, 2026, from the 10-Q filed October 30, 2026

1W: +5.1%
1M: -2.0%

Gates Industrial Corp Ltd. (GTES) stock — is it a good business? — InspectStocks

Gates Industrial Corp Ltd.

GTES · NYSE · ·

Compare

$25.33-0.8%Nov 12 close

Figures through September 26, 2026, from the 10-Q filed October 30, 2026

1W: +5.1%
1M: -2.0%

Just reported

Q3 2026 results

From Gates Industrial's results release of October 30, 2026; its quarterly report has since been filed.

Revenue
Actual
$903.6M
+5.6% y/y
-4.0% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.34
+9.7% y/y
-49% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$131.3M
+14% y/y
-0.2% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$1.66 – $1.72Raised +5.6%

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

Keep exploring

The themes Gates Industrial is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

Highest-graded in Specialty Industrial Machinery

Graded A or B and worth $2B or more: A first, then the largest.

All 68 graded companies in its industry

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Power transmission belts and related components62%
Fluid power hoses, tubing and fittings38%

Shares of revenue are estimates for nine months ended September 26, 2026, not figures from a filing.

Competes with

CTTAYContinental AG
PHParker-Hannifin Corporation
B
Size
$120.7B
Margin
16.6%
Dayco

What it sells6

Power-transmission belts
V-belts, ribbed belts, timing belts and continuously variable transmission belts transfer power or control movement in vehicles and machinery.
Belt-drive components
Tensioners, idlers, pulleys and sprockets work with belts to keep a drive system running and properly tensioned.
Automotive replacement kits
Vehicle-specific kits bundle replacement parts such as belts, tensioners and idlers for repair shops.

Show 3 more

Hydraulic hoses and assemblies
High-pressure hoses, tubing, couplings and fittings carry hydraulic fluid in equipment such as construction and agricultural machinery.
Vehicle thermal-management products
Hoses and water pumps help regulate vehicle temperatures; other hoses support emissions-reduction and engine systems.
Industrial hoses and data-center cooling products
Hoses and couplings carry materials such as chemicals, food, water and air; products for liquid-cooled data centers include hoses, couplings and pumps.

Who buys it4

Regional and local distributors buy replacement parts to supply businesses and end users with installed equipment.
Large multinational distributors buy Gates products for resale through their distribution networks.
Automotive repair shops obtain vehicle-specific replacement kits and other parts through aftermarket distributors.
Vehicle and equipment manufacturers specify and buy belts, hoses and related components for new products.

What it stands on, and what could break it

What the business leans on

1Sales are linked to industrial activity and equipment use, as well as the maintenance and replacement cycles of vehicles and machinery.
2A large share of sales goes through aftermarket distributors, so their financial health, purchasing patterns and inventory decisions can affect orders.
3Manufacturing depends on obtaining a range of raw materials and other production inputs in sufficient quantities and at suitable times.
4Production and delivery depend on the continued operation of factories, supply chains, distribution systems and information technology systems.

What could go wrong

1Trade conflicts, tariffs and geopolitical tensions can raise costs, disrupt supply chains and affect the company’s operations across its international footprint.
2Shortages or price increases in raw materials and manufacturing inputs can affect production and costs.
3Changes in industrial activity, equipment use or distributor orders and inventory can reduce demand for replacement parts and new-equipment components.

Full financial statements →

About Gates Industrial Corp Ltd.

Gates makes belts that transfer power in vehicles, factory machines, farm equipment and other machinery. It also makes hoses, tubing and fittings that carry hydraulic fluid and other materials, including in vehicles and industrial equipment. Most sales are replacement parts sold through distributors; it also supplies components to original equipment manufacturers (OEMs) for new vehicles and equipment.

Head office: Denver, Colorado, United States
Founded: 1911
Employees: approximately 13,000 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from Gates Industrial Corp Ltd.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported