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Gates Industrial (GTES) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Gates Industrial (GTES) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $904M · 10¢ of every $1 of revenue kept as net profit · operating margin 14.5%

Gates Industrial made $904M in Q3 2026 (+6% Y/Y): Power Transmission $560M, Fluid Power $344M. Operating margin 14.5%, net earnings $86.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$904M

Year over year+6%

Operating margin14.5%

Net earnings$86.5M

Operating cash flow$61.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $903.6M in Q3 2026, up 6% year over year and down 4% from the previous quarter. Power Transmission was the largest line at 62% of revenue. Power Transmission added $26.8M year over year (up 5%), 56% of the total change.

Gross margin was 42.4%, up 2.5 points from Q3 2025. Operating profit was $131.3M, a 14.5% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 33% reached operating profit, above the 13% margin then. Operating expenses grew 11% against revenue growth of 6%. The fastest-growing cost line was SG&A (+13%). Net earnings were $86.5M, up 6% year over year. The effective tax rate was 15.4%.

Operating cash flow was $61.2M (down 38% year over year), 67% of net income including minority interests. Non-cash charges added back $56.4M of depreciation and amortization and $8.6M of share-based compensation. Working capital and other items used $95.2M. Capital expenditures of $18.8M left free cash flow of $42.4M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 30, 2026	$904M	+6%	14.5%	$86.5M	$61.2M
Q2 2026	10-Q	Jul 31, 2026	$942M	+7%	14.0%	$171M	$78.6M
Q1 2026	10-Q	May 1, 2026	$851M	+0.4%	12.9%	$59.7M	$30.2M
Q4 2025	10-K	Feb 12, 2026	$856M	+3%	12.6%	$51.3M	$270M
Q3 2025	10-Q	Oct 29, 2025	$856M	+3%	13.5%	$81.6M	$98.0M
Q2 2025	10-Q	Jul 30, 2025	$884M	-0.2%	13.1%	$56.5M	$103M
Q1 2025	10-Q	Apr 30, 2025	$848M	-2%	14.8%	$62.0M	$7.3M

Charts

Latest (Q3 2026): Y/Y +6%, Q/Q -4%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $91.4M, Operating cash flow $61.2M.

-10.8% since FY2021: buybacks shrank the count.

Cash $812M, short-term investments —, long-term debt $2.2B at 2025-12-31.

General Industrial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.