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What this page is: Delvantic's full research page for Gates Industrial Corporation plc (GTES) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysisthe core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

Gates Industrial Corporation plc

GTES NYSE GICS Category PDF
Industrials · Specialty Industrial Machinery
Denver, CO 80202, United States gates.com Updated Aug 8, 6:25am
Price
$28.25
Market Cap
$7.2B
Employees
14,100
Beta
1.28
Avg Volume
2,161,877
CEO
Mr. Ivo Jurek

Gates Industrial Corporation plc is a manufacturer of power transmission and fluid power solutions that serve a broad range of industrial and automotive applications worldwide. The company specializes in developing high-performance systems and products, including industrial belts, hoses, and hydraulic equipment. These products are essential components in various sectors such as automotive, construction, agriculture, oil and gas, and mining, where they help vehicles and machinery operate efficiently and reliably. Gates Industrial's commitment to innovation and engineering excellence ensures that their solutions meet the rigorous demands of modern industries, enhancing operational productivity and safety. With a significant presence in both the Americas and international markets, Gates Industrial plays a critical role in the supply chain of key industries, providing the necessary technologies that power the infrastructure behind everyday life. By focusing on advancing materials science and manufacturing technologies, Gates Industrial continues to reinforce its position as a pivotal player in the field of industrial engineering solutions.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 31, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+2.7%
Feb '26
+5.1%
Apr '26
+3.1%
Apr '26
+4.8%
Jul '26
Print date EPS est. EPS actual Revenue est. Revenue actual
Jul 31, 2026 $0.42 $0.44 +4.8%
Apr 28, 2026 $4.82 $4.97 +3.1%
Apr 18, 2026 $0.39 $0.41 +5.1%
Feb 12, 2026 $0.37 $0.38 +2.7%

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Last updated: Aug 9, 2026 2:48am (25m ago)
Filed Form Document
Aug 7, 2026 4 View
Aug 6, 2026 144 View
Aug 6, 2026 SCHEDULE 13G View
Aug 6, 2026 SCHEDULE 13G/A View
Aug 6, 2026 SCHEDULE 13G/A View
Aug 5, 2026 4 View
Aug 5, 2026 144 View
Aug 4, 2026 144 View
Aug 4, 2026 144 View
Jul 31, 2026 10-Q View
Jul 31, 2026 8-K View
Jul 30, 2026 15-12G View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 9, 2026 3:13am (just now)
Current data · timestamped when a report runs
$28.25
Change · Aug 9
-0.34 (-1.19%)
Day Range
$28.24 – $28.96
52-Week Range
$20.88 – $30.34
50-Day MA
$26.99
200-Day MA
$24.63
Volume
1,851,900.00
Share Structure
Outstanding 253,151,170.00
Float 247,632,474.00
Free Float 97.8%
High free float — 97.8% of shares trade freely, ~2.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Last updated: Aug 9, 2026 2:48am (25m ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 9, 2026 2:48am (25m ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
29.43
Stock Price: $28.25
EPS (Diluted): 0.96
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
2.00
Stock Price: $28.25
Total Equity: $3.69B
Shares: 260,534,865
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
12.62
Market Cap: $7.15B
Total Debt: $2.23B
Cash: $812.10M
EBITDA: $679.10M
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$8.6B
Market Cap: $7.15B
Total Debt: $2.23B
Cash: $812.10M
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
39.8%
Gross Profit: $1.37B
Revenue: $3.44B
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
13.5%
Operating Income: $465.30M
Revenue: $3.44B
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
7.3%
Net Income: $251.40M
Revenue: $3.44B
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
6.8%
Net Income: $251.40M
Total Equity: $3.69B
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
7.4%
Operating Income: $465.30M
Tax Rate: 18.5%
Equity: $3.69B
Total Debt: $2.23B
Cash: $812.10M
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
3.37
Current Assets: $2.48B
Current Liabilities: $735.40M
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
0.61
Short-Term Debt: $36.20M
Long-Term Debt: $2.20B
Total Debt: $2.23B
Total Equity: $3.69B
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$13.22
Revenue: $3.44B
Shares: 260,534,865
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$14.16
Total Equity: $3.69B
Shares: 260,534,865
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$1.55
Operating CF: $478.10M
CapEx: -$73.20M
Shares: 260,534,865
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
Last Dividend: $0.00
Stock Price: $28.25
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $251.40M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 9, 2026 2:48am (25m ago)
Metric 2022 2022 2023 2024 2025
Revenue $3.5B $3.6B $3.6B $3.4B $3.4B
Cost of Revenue $2.1B $2.3B $2.2B $2.0B $2.1B
Gross Profit $1.3B $1.3B $1.4B $1.4B $1.4B
Operating Expenses $855.1M $866.6M $896.3M $879.8M $906.4M
Operating Income $484.1M $384.0M $462.6M $478.7M $465.3M
Net Income $297.1M $220.8M $232.9M $194.9M $251.4M
EBITDA $706.7M $601.2M $680.1M $695.6M $679.1M
EPS $1.02 $0.78 $0.86 $0.75 $0.98
EPS (Diluted) $1.00 $0.77 $0.84 $0.74 $0.96
Balance Sheet (Annual)
Last updated: Aug 9, 2026 2:48am (25m ago)
Metric 2022 2022 2023 2024 2025
Cash & Equivalents $658.2M $578.4M $720.6M $682.0M $812.1M
Total Current Assets $2.3B $2.3B $2.4B $2.3B $2.5B
Total Assets $7.5B $7.2B $7.3B $6.8B $7.2B
Current Liabilities $855.9M $752.3M $779.3M $721.5M $735.4M
Long-Term Debt $2.5B $2.4B $2.4B $2.3B $2.2B
Total Liabilities $4.1B $3.7B $3.7B $3.4B $3.5B
Total Equity $3.5B $3.4B $3.5B $3.3B $3.7B
Retained Earnings $1.4B $1.5B $1.5B $1.5B $1.7B
Cash Flow (Annual)
Last updated: Aug 9, 2026 2:48am (25m ago)
Metric 2022 2022 2023 2024 2025
Operating Cash Flow $382.4M $265.8M $481.0M $379.6M $478.1M
Capital Expenditure -$77.7M -$77.6M -$61.2M -$83.1M -$73.2M
Free Cash Flow $304.7M $188.2M $419.8M $296.5M $404.9M
Acquisitions (net)
Net Debt Issued / (Repaid) -$91.0M -$31.9M -$19.6M -$108.4M -$123.4M
Dividends Paid
Stock Buybacks -$10.6M -$175.9M -$251.7M -$176.1M -$119.3M
Net Change in Cash $136.8M -$79.5M $142.6M -$39.2M $130.2M
Growth Trends (YoY %)
Last updated: Aug 9, 2026 2:48am (25m ago)
Metric 2022 2023 2024 2025
Revenue Growth +2.3% +0.5% -4.5% +1.0%
Gross Profit Growth -6.6% +8.7% 0.0% +1.0%
Operating Income Growth -20.7% +20.5% +3.5% -2.8%
Net Income Growth -25.7% +5.5% -16.3% +29.0%
EBITDA Growth -14.9% +13.1% +2.3% -2.4%
Industry Benchmarks
Compares GTES against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h Dividend Discount Model — For dividend/income stocks only
Not applicable for this companies
4i Book Value Analysis — For deep value / turnaround stocks only
Not applicable for this companies
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for GTES — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for GTES — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for GTES — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for GTES — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for GTES — the ten traits are scored by the pipeline (ext-scorecard step) when a report is run on this ticker.
Community AI Feedback
No community reviews yet for GTES. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58