GTES
IndustrialsGates Industrial Corporation plc · Industrial - Machinery · $6B
What is Gates Industrial Corporation plc?
Gates Industrial Corporation plc is a global manufacturer of engineered power transmission and fluid power products. Headquartered in Denver, Colorado, the company serves a wide range of industrial and automotive markets under the well-recognized Gates brand.
Gates Industrial generates revenue through two segments: Power Transmission and Fluid Power. The Power Transmission segment supplies belts, sprockets, tensioners, and related drive components to both original equipment manufacturers and replacement channel customers. The Fluid Power segment provides hydraulic hoses, tubing, fittings, and assemblies for stationary and mobile applications. End markets include construction, agriculture, energy, automotive, transportation, and automated manufacturing — giving the business broad industrial exposure.
Gates Industrial was incorporated in 2018 and is headquartered in Denver, Colorado, though its operating roots trace back to 1911.
- Synchronous and asynchronous belts including V-belts and CVT belts
- Sprockets, pulleys, tensioners, and drive accessories
- Hydraulic hoses, tubing, and fittings
- Fluid power assemblies for mobile and stationary equipment
- Automotive replacement kits sold under the Gates brand
Is GTES a Good Stock to Buy?
UQS Score rates GTES as Good overall, reflecting a balanced but mixed profile across the five quality pillars.
Valuation stands out as the most favorable pillar, rated Attractive — suggesting the market may not be fully pricing in the company's fundamentals relative to peers. Quality, Growth, and Risk each register as Neutral, indicating a stable if unexceptional operating profile with no major red flags in financial health or near-term trajectory.
The Moat pillar is rated Weak, pointing to limited durable competitive advantages that could protect margins or market share over the long run.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does GTES pay dividends?
No — Gates Industrial Corporation plc does not currently pay a dividend.
Gates Industrial does not currently pay a dividend. For a mid-cap industrials company carrying meaningful operational complexity across global markets, retaining capital for reinvestment — whether in product development, manufacturing capacity, or debt management — is a common strategic choice. Income-focused investors should factor this into their assessment.
When does GTES report earnings?
Gates Industrial reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Revenue trends across the Power Transmission and Fluid Power segments reflect the cyclical nature of the industrial and automotive end markets Gates serves. Performance can vary meaningfully with construction activity, agricultural cycles, and broader manufacturing demand.
For the most recent quarter's results and guidance, visit Gates Industrial's investor relations page directly.
GTES Price History
+41.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Gates Industrial Corporation plc?
Based on Gates Industrial Corporation plc's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
GTES Long-term Outlook
With Growth and Risk both rated Neutral, the fundamental outlook for GTES appears steady rather than accelerating. The Attractive Valuation rating suggests potential upside if the business executes consistently, but the Weak Moat rating means competitive pressures remain a factor to watch. Investors should weigh the breadth of end-market exposure — which provides diversification — against the lack of a clearly defensible competitive position.
Growth drivers
- Broad industrial end-market exposure across construction, agriculture, and energy
- Replacement channel demand providing recurring revenue across automotive and industrial segments
- Expansion of fluid power solutions into automated manufacturing and logistics applications
Key risks
- Weak moat rating signals limited pricing power relative to competitors
- Cyclical end markets can compress demand during economic downturns
- Elevated operational complexity across global manufacturing and distribution
GTES vs Peers
Gates Industrial operates in the broader engineered industrials space alongside several companies that serve overlapping end markets.
Middleby focuses on commercial foodservice and industrial cooking equipment, giving it a different end-market mix than Gates's power transmission and fluid power focus.
JBT Marel specializes in food processing and airport ground support equipment, serving more specialized verticals than Gates's broad industrial and automotive reach.
EnPro concentrates on sealing technologies and advanced surface solutions, competing with Gates in engineered components but with a narrower product focus.
Frequently Asked Questions
What does Gates Industrial do?
Gates Industrial Corporation manufactures engineered power transmission and fluid power products sold worldwide under the Gates brand. Its two segments — Power Transmission and Fluid Power — serve industries including construction, agriculture, automotive, energy, and automated manufacturing, supplying both original equipment manufacturers and replacement channel customers.
Does GTES pay dividends?
No, Gates Industrial does not currently pay a dividend. The company retains capital rather than distributing it to shareholders, which is common among mid-cap industrials companies managing global operations and reinvestment needs.
When does GTES report earnings?
Gates Industrial follows a standard quarterly earnings cadence for US-listed companies. For precise reporting dates and the latest financial results, check the investor relations section of the Gates Industrial website.
Is GTES a good stock to buy?
UQS Score rates GTES as Good overall. The Valuation pillar is rated Attractive, while Quality, Growth, and Risk are each Neutral. The Weak Moat rating is the primary concern. Whether GTES fits a portfolio depends on individual goals — the full pillar breakdown is available to UQS Pro members.
Is GTES overvalued?
Based on the UQS framework, GTES carries an Attractive Valuation rating, suggesting the stock may be reasonably priced or even undervalued relative to its fundamentals and sector peers. This does not guarantee future returns but indicates the market is not pricing in excessive optimism.
How does GTES compare to its competitors?
Gates Industrial competes in the broader engineered industrials space alongside companies like EnPro Industries, The Middleby Corporation, and JBT Marel. Gates distinguishes itself through its dual focus on power transmission belts and fluid power hydraulics, serving a wider range of industrial and automotive end markets than some peers.
What is GTES's market cap bracket?
Gates Industrial is classified as a mid-cap stock. This places it in a segment of the market that often balances growth potential with more established operations, though mid-caps can carry more volatility than large-cap industrials peers.
Who founded Gates Industrial?
The Gates brand traces its origins to 1911, making it one of the longer-standing names in power transmission. The current public company structure, Gates Industrial Corporation plc, was established in 2018. Founding history is widely available through the company's official communications.
Is GTES a long-term quality investment?
As a long-term quality indicator, the UQS Score rates GTES as Good. The Neutral Quality and Risk ratings suggest financial stability without standout strength, while the Weak Moat rating raises questions about durable competitive advantage over time. Pro members can access the complete analysis to assess long-term fit.
What is the main competitive advantage of Gates Industrial?
Gates Industrial benefits from broad end-market diversification and the strength of the Gates brand in replacement channels. However, the UQS Moat pillar is rated Weak, indicating that structural competitive advantages — such as pricing power or switching costs — are limited compared to higher-moat industrials peers.
What sector does GTES belong to?
Gates Industrial is classified in the Industrials sector. Within that sector, it operates in the engineered components and fluid power niche, serving both cyclical markets like construction and agriculture and more stable replacement-channel demand in automotive and industrial applications.
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Pro Analysis
GTES — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 16, 2026 | 52.1 | 53.6 | 27.0 | 50.7 | 59.9 | 85.8 | +0.8 |
| May 7, 2026 | 51.3 | 52.1 | 27.0 | 50.7 | 58.5 | 84.1 | -0.4 |
| May 5, 2026 | 51.7 | 52.1 | 27.0 | 50.7 | 58.5 | 86.7 | +0.1 |
| May 4, 2026 | 51.6 | 52.1 | 27.0 | 50.4 | 58.5 | 86.8 | +0.1 |
| May 3, 2026 | 51.5 | 52.1 | 27.0 | 49.8 | 58.5 | 86.6 | +0.3 |
| Apr 26, 2026 | 51.2 | 52.1 | 27.0 | 49.8 | 58.5 | 84.9 | 0.0 |
| Apr 23, 2026 | 51.2 | 52.1 | 27.0 | 49.8 | 58.5 | 84.7 | 0.0 |
| Apr 21, 2026 | 51.2 | 52.1 | 27.0 | 49.8 | 58.5 | 84.9 | 0.0 |
| Apr 18, 2026 | 51.2 | 52.1 | 27.0 | 49.8 | 58.5 | 84.7 | -0.3 |
| Apr 16, 2026 | 51.5 | 52.4 | 27.0 | 50.0 | 58.5 | 85.7 | +0.2 |
GTES — Pillar Breakdown
Quality
— 53.6/100 (25%)Gates Industrial Corporation plc has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 50.7/100 (20%)Gates Industrial Corporation plc shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 59.9/100 (15%)Gates Industrial Corporation plc maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 85.5/100 (15%)Gates Industrial Corporation plc appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 27/100 (25%)Gates Industrial Corporation plc operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for GTES.
Score Composition
Financial Data
More Stock Analysis
How is the GTES UQS Score Calculated?
The UQS (Unified Quality Score) for Gates Industrial Corporation plc is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Gates Industrial Corporation plc's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Gates Industrial Corporation plc is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.