Filing Flows › Gates Industrial (GTES) › Q3 2026 › vs Q3 2025
Gates Industrial (GTES) Q3 2026 vs Q3 2025 (year over year)
Gates Industrial's revenue rose $47.9M (+6%) from $856M in Q3 2025 to $904M in Q3 2026. The biggest changes: Power Transmission +$26.8M (+5%); Fluid Power +$21.1M (+7%). Gross margin 42.4% against 39.9% (+2.5 pts).
Gates Industrial, Q3 2026: revenue $904M (+6% year over year), operating margin 14.5%, net earnings $86.5M, operating cash flow $61.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.4% | 39.9% | +2.5 pts |
| Operating margin | 14.5% | 13.5% | +1.0 pts |
| Net margin | 9.6% | 9.5% | +0.0 pts |
| Free cash flow margin | 4.7% | 9.4% | -4.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Power Transmission | $560M | $533M | $26.8M | +5% |
| Fluid Power | $344M | $322M | $21.1M | +7% |
| Revenue | $904M | $856M | $47.9M | +6% |
| Gross profit | $383M | $342M | $41.7M | +12% |
| Cost of revenue | $520M | $514M | $6.2M | +1% |
| Operating profit | $131M | $115M | $15.9M | +14% |
| Operating expenses | $252M | $226M | $25.8M | +11% |
| Pre-tax earnings | $108M | $94.8M | $13.5M | +14% |
| Other expense, net | $23.0M | $20.6M | $2.4M | +12% |
| SG&A | $247M | $219M | $28.2M | +13% |
| Other operating costs | $4.6M | $7.0M | −$2.4M | -34% |
| Net earnings | $86.5M | $81.6M | $4.9M | +6% |
| Minority interests | $4.9M | $7.0M | −$2.1M | -30% |
| Income tax | $16.7M | $6.1M | $10.6M | +174% |
| Operating cash sources | $152M | $142M | $9.6M | +7% |
| Depreciation & amortization | $56.4M | $53.6M | $2.8M | +5% |
| Share-based compensation | $8.6M | $6.7M | $1.9M | +28% |
| Working capital & other | $90.3M | $43.9M | $46.4M | +106% |
| Operating cash flow | $61.2M | $98.0M | −$36.8M | -38% |
| Free cash flow (OCF − capex) | $42.4M | $80.5M | −$38.1M | -47% |
| Capital expenditures | $18.8M | $17.5M | $1.3M | +7% |
Questions
How much did Gates Industrial's revenue grow year over year in Q3 2026?
Gates Industrial's revenue rose $47.9M (+6%) from $856M in Q3 2025 to $904M in Q3 2026.
What drove Gates Industrial's revenue change in Q3 2026?
Power Transmission +$26.8M (+5%); Fluid Power +$21.1M (+7%).