The financials
Gates Industrial Corporation plc by the numbers
Gates Industrial Corporation plc (GTES) reported revenue of $851M in Q1 2026 (quarter ended March 28, 2026), up 0.4% from the same quarter a year earlier. That came with a gross margin of 40% and net income of $60M (7.0% of revenue). For the full year FY2025, revenue was $3.44B (+1.0% year on year) and net income $251M. Its largest region in 2026-Q2 was United States at $160M, 27% of the disclosed total, just ahead of EMEA Excluding U.K.And Luxembourg at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $851M | $848M | +0.4% |
| Gross profit | $338M | $345M | −1.9% |
| Operating income | $110M | $126M | −13% |
| Net income | $60M | $62M | −3.7% |
| Diluted EPS | $0.23 | $0.24 | −4.2% |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $160M | 27% |
| EMEA Excluding U.K.And Luxembourg | $105M | 18% |
| Americas Excluding United States | $82M | 14% |
| China | $82M | 14% |
| Luxembourg | $77M | 13% |
| APAC Excluding China | $74M | 13% |
| United Kingdom | $9.1M | 1.5% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $588.5M (+10%)
EMEA Excluding U.K.And Luxembourg grew +21% year on yearUnited Kingdom -25% year on year
Segment Latestquarter on quarteryear on year
- United States$159.9M$159.9MQoQ +4.8%year on year +3.4%+4.8%+3.4%
- EMEA Excluding U.K.And Luxembourg$105.3M$105.3MQoQ +19%year on year +21%+19%+21%
- Americas Excluding United States$81.9M$81.9MQoQ +7.2%year on year +10%+7.2%+10%
- China$81.5M$81.5MQoQ +12%year on year +13%+12%+13%
- Luxembourg$77.0M$77.0MQoQ +36%year on year 0.00%+36%0.00%
- APAC Excluding China$73.8M$73.8MQoQ +6.2%year on year +0.82%+6.2%+0.82%
- United Kingdom$9.1M$9.1MQoQ -46%year on year -25%-46%-25%
- East Asia And India--QoQ -year on year ---
- North America Excluding United States--QoQ -year on year ---
- South America--QoQ -year on year ---
Specialty Industrial Machinery
Ranks #39 of 44 by Smart Score