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Zebra Technologies vs Gates Industrial: ZBRA and GTES compared
Zebra Technologies is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $904M for Gates Industrial (Q3 2026). Zebra Technologies is growing faster (+22% against +6% a year earlier). Zebra Technologies is more profitable, with an operating margin of 14.7% against 14.5%.
Where the money goes: ZBRA and GTES
Zebra Technologies (ZBRA) · Q3 2026
Zebra Technologies, Q3 2026: revenue $1.6B (+22% year over year), operating margin 14.7%, net earnings $164M, operating cash flow $324M. The chart follows the revenue to costs, profit and cash.
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.
| Zebra Technologies (ZBRA) | Gates Industrial (GTES) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.6B | $904M |
| Revenue growth, Y/Y | +22% | +6% |
| Gross margin | 45.7% | 42.4% |
| Operating margin | 14.7% | 14.5% |
| Net earnings | $164M | $86.5M |
| Net margin | 10.2% | 9.6% |
| Operating cash flow | $324M | $61.2M |
| Free cash flow | $300M | $42.4M |
| Market value | $15.5B | $6.2B |
| P/E | 26.1× | 16.9× |
| Analysts’ mean target | $415.25 | $32.75 |
Where the revenue comes from
Zebra Technologies
- Tangible Products: $1.4B (85%)
- Services and Software: $244M (15%)
Gates Industrial
- Power Transmission: $560M (62%)
- Fluid Power: $344M (38%)
Questions
Which is bigger, Zebra Technologies or Gates Industrial?
Zebra Technologies is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $904M for Gates Industrial (Q3 2026).
Is Zebra Technologies or Gates Industrial growing faster?
Zebra Technologies is growing faster (+22% against +6% a year earlier).
Which is more profitable, Zebra Technologies or Gates Industrial?
Zebra Technologies is more profitable, with an operating margin of 14.7% against 14.5%.
More: Zebra Technologies earnings · how Zebra Technologies makes money · Gates Industrial earnings · how Gates Industrial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.