Gates Corporation (GTES)
Industrials · Power transmission and hydraulic fluid power solutions
Global manufacturer of mission-critical power transmission and hydraulic fluid power components serving industrial and automotive OEM/aftermarket markets with 110+ year heritage.
What Gates Corporation does
Gates Corporation is a global manufacturer of power transmission and fluid power solutions, including elastomer drive belts, hoses, tubing, and fittings used across industrial and automotive applications. The company serves both original equipment manufacturers (OEM) and aftermarket channels, with the majority of revenue from aftermarket sales. Products are mission-critical components used in automotive, industrial, off-highway, on-highway, energy, and personal mobility applications, benefiting from recurring maintenance and replacement cycles.
Themes: ["Power transmission and motion control","Hydraulic fluid power systems","Industrial aftermarket","Automotive OEM and aftermarket","Industrial machinery and equipment","Off-highway and on-highway vehicles","Energy and resources applications","Personal mobility"]
Fundamentals
- Price$26.03 as of 2026-07-09 close
- Market cap$6.7B as of 2026-07-10
- 1-year return+7.5% as of 2026-07-09 close
- P/E26.84 as of 2026-07-10
- Net margin+7.2% as of 2026-07-10
- Gross margin+40.4% as of 2026-07-10
- ROE+7.5% as of 2026-07-10
- Debt / equity0.66 as of 2026-07-10
- Revenue growth (YoY)+1.6% as of 2026-07-10
- Revenue CAGR (3y)-1.1% SEC XBRL
- Beta1.30 as of 2026-07-10
Key risks (from latest filing)
["Exposure to economic cycles and industrial activity; net sales highly correlated with industrial utilization and not insulated by single end-market diversification","Supply chain disruptions including raw material availability, tariffs, and geopolitical risks (Middle East conflicts impacting material sourcing and costs)","Dependence on manufacturing facilities, supply chains, distribution systems, and IT infrastructure; competition and loss of significant customers could impact demand"]
Competitors & peers
- Timken Company (TMK)
- Regal Rexnord Corporation (RRX)
- Parker Hannifin (PH)
- Eaton Hydraulics
- SKF AB
- Fenner Dunlop
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.