Filing Flows › Gates Industrial (GTES) › How it makes money
How Gates Industrial (GTES) makes money
Gates Industrial (GTES) made $904M of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Power Transmission brought in $560M (62%); Fluid Power brought in $344M (38%). Of every dollar of revenue, 42¢ was left as gross profit, 15¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Power Transmission | $560M | 62.0% | -5% | +5% |
| Fluid Power | $344M | 38.0% | -3% | +7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $904M | 100.0% |
| Cost of revenue | $520M | 57.6% |
| Gross profit | $383M | 42.4% |
| Operating expenses | $252M | 27.9% |
| Operating profit | $131M | 14.5% |
| Income tax | $16.7M | 1.8% |
| Net earnings | $86.5M | 9.6% |
| Operating cash flow | $61.2M | 6.8% |
| Free cash flow | $42.4M | 4.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $904M | +6% |
| Q2 2026 | $942M | +7% |
| Q1 2026 | $851M | +0.4% |
| Q4 2025 | $856M | +3% |
| Q3 2025 | $856M | +3% |
| Q2 2025 | $884M | -0.2% |
| Q1 2025 | $848M | -2% |
From Gates Industrial's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Gates Industrial make money?
Gates Industrial (GTES) made $904M of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Power Transmission brought in $560M (62%); Fluid Power brought in $344M (38%). Of every dollar of revenue, 42¢ was left as gross profit, 15¢ was left as operating profit, 10¢ was left as net earnings.
What is Gates Industrial's biggest business?
Power Transmission: $560M in the third quarter 2026, 62% of revenue, +5% from a year earlier.
What is Gates Industrial's profit margin?
Net earnings were $86.5M, 9.6% of revenue, in the third quarter 2026; the operating margin was 14.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.