Reading the tape
NYSE: GTES
Gates Industrial Corporation plc
Industrials · Industrial - Machinery
Market Cap
$6.52B
52w High
$28.47
52w Low
$19.26
P/E
26.13
Volume
2.54M
Outstanding Shares
254.59M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 35.36%Revenue (TTM): 1.03%FCF (TTM): 42.51%P/FCF: 45th pct
What changed
The stock rose 35.36% over the last year. Revenue grew 1.03% over the trailing twelve months. Operating margin moved from 13.96% to 14.31%. Free cash flow grew 42.51% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 45th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 14.31%. Revenue grew 1.03% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide.
CEOIvo Jurek
SectorIndustrials
IndustryIndustrial - Machinery
Employees14,100
IPO dateJan 25, 2018
Valuation
Forward P/E—
EV/EBITDA9.86
Enterprise value$7.32B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth3.23%
Gross margin40.36%▲1.58%vs FY2024
Operating margin14.31%▲9.24%vs FY2024
ROE7.54%▲16.98%vs FY2024
Analyst consensus
RatingBuy
Target price$30.83▲20.38%
10
Buy
4
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 1, 2026
Q2 FY26 · EPS est $0.32 · Revenue est $859.71M
View
Congressional Activity
Congress Trades in GTES
STOCK Act disclosures from senators and representatives.
Gilbert Cisneros
CAhouseDemocratPurchase2026-03-03$1,001 - $15,000+36d to disclose