Filing Flows › Comparisons › GTES vs ZWS
Gates Industrial vs Zurn Elkay Water Solutions: GTES and ZWS compared
Gates Industrial is the larger company: $904M of revenue in its latest quarter (Q3 2026) against $495M for Zurn Elkay Water Solutions (Q3 2026). Zurn Elkay Water Solutions is growing faster (+9% against +6% a year earlier). Zurn Elkay Water Solutions is more profitable, with an operating margin of 21.9% against 14.5%.
Where the money goes: GTES and ZWS
Gates Industrial (GTES) · Q3 2026
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 follows the revenue to costs, profit and cash.
Zurn Elkay Water Solutions (ZWS) · Q3 2026
Zurn Elkay Water Solutions, Q3 2026: revenue $495M (+9% year over year), operating margin 21.9%, net earnings $76.3M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
| Gates Industrial (GTES) | Zurn Elkay Water Solutions (ZWS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $904M | $495M |
| Revenue growth, Y/Y | +6% | +9% |
| Gross margin | 42.4% | 49.6% |
| Operating margin | 14.5% | 21.9% |
| Net earnings | $86.5M | $76.3M |
| Net margin | 9.6% | 15.4% |
| Operating cash flow | $61.2M | $112M |
| Free cash flow | $42.4M | $110M |
| Market value | $6.2B | $7.3B |
| P/E | 16.9× | 25.4× |
| Analysts’ mean target | $32.75 | $52.89 |
Where the revenue comes from
Gates Industrial
- Power Transmission: $560M (62%)
- Fluid Power: $344M (38%)
Questions
Which is bigger, Gates Industrial or Zurn Elkay Water Solutions?
Gates Industrial is the larger company: $904M of revenue in its latest quarter (Q3 2026) against $495M for Zurn Elkay Water Solutions (Q3 2026).
Is Gates Industrial or Zurn Elkay Water Solutions growing faster?
Zurn Elkay Water Solutions is growing faster (+9% against +6% a year earlier).
Which is more profitable, Gates Industrial or Zurn Elkay Water Solutions?
Zurn Elkay Water Solutions is more profitable, with an operating margin of 21.9% against 14.5%.
More: Gates Industrial earnings · how Gates Industrial makes money · Zurn Elkay Water Solutions earnings · how Zurn Elkay Water Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.