GTES on NYSE

Gates Corporation

Logo: https://www.gates.com/us/en.html, Non-free logo, via Wikipedia5

American manufacturer of power products

Gates Industrial Corporation plc, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. The company employs over 15,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle East.3 Its shares trade on NYSE under the symbol GTES.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1911Founded1

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  • TickerGTES on NYSE1
  • Industryautomotive supplier1
  • HeadquartersDenver1
  • Websitewww.gates.com
  • Legal formDelaware corporation1
  • LEI984500F43C791F4C78944
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 9249184

Gates Industrial Corporation plc, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. The company employs over 15,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle East.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

39.8%Gross margin8
13.5%Operating margin8
7.3%Net margin8
1.0%Revenue growth, 20258
7.5%Return on equity8
0.66×Debt to equity8
$404.9MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Power Transmission brought in 62% of the revenue Gates Corporation broke down this way in fiscal 2025.

  1. Power Transmission$2.1B862%up 2% from 2024
  2. Fluid Power$1.3B838%down 0% from 2024
Business segments by year
Business segments202320242025
Power Transmission$2.2B$2.1B$2.1B
Fluid Power$1.4B$1.3B$1.3B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$2.1B
  • Research and development2¢$71.9M
  • Selling, general and admin25¢$876.1M
  • Other costs3¢$109.2M
  • Income tax2¢$63.1M
  • Profit7¢$251.4M

Out of $3.4B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending15¢$73.2M
  • Share buybacks25¢$119.3M
  • Kept or used elsewhere60¢$285.6M

Out of $478.1M of cash from operations.8

Financial statements

Revenue910118$3.4B in 2025+12% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $3.1B$3.1B20192021: $2.8B$2.8B2021−10%2022: $3.6B$3.6B2022+27%2023: $3.6B$3.6B2023+0%2024: $3.4B$3.4B2024−5%2025: $3.4B$3.4B2025+1%
Gross profit910118$1.4B in 2025+20% since 2019
0$500.0M$1.0B$1.5B2019: $1.1B$1.1B20192021: $1.0B$1.0B2021−9%2022: $1.3B$1.3B2022+21%2023: $1.4B$1.4B2023+9%2024: $1.4B$1.4B2024−0%2025: $1.4B$1.4B2025+1%
Operating income910118$465.3M in 2025+34% since 2019
0$200.0M$400.0M$600.0M2019: $346.8M$346.8M20192021: $211.1M$211.1M2021−39%2022: $384.0M$384.0M2022+82%2023: $460.1M$460.1M2023+20%2024: $472.2M$472.2M2024+3%2025: $465.3M$465.3M2025−1%
Net income910118$251.4M in 2025−64% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $690.1M$690.1M20192021: $79.4M$79.4M2021−88%2022: $220.8M$220.8M2022+178%2023: $232.9M$232.9M2023+5%2024: $194.9M$194.9M2024−16%2025: $251.4M$251.4M2025+29%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Net sales$3.4B$3.4B$3.6B
Cost of sales$2.1B$2.0B$2.2B
Gross profit$1.4B$1.4B$1.4B
Selling, general and administrative expenses$876.1M$876.5M$884.7M
Transaction-related expenses$500.0K$3.3M$2.2M
Asset impairments$3.5M$0$100.0K
Restructuring expenses$26.3M$6.5M$11.6M
Other operating expenses$0$0$200.0K
Operating income from continuing operations$465.3M$472.2M$460.1M
Interest expense$125.9M$155.8M$163.2M
Loss on deconsolidation of Russian Subsidiary$0$12.7M$0
Other (income) expenses-$800.0K-$24.3M$11.6M
Income from continuing operations before taxes$340.2M$328.0M$285.3M
Income tax expense$63.1M$107.5M$28.3M
Net income from continuing operations$277.1M$220.5M$257.0M
Loss on disposal of discontinued operations, net of tax, respectively, of $0, $0 and $0$800.0K$600.0K$600.0K
Net income$276.3M$219.9M$256.4M
Less: non-controlling interests$24.9M$25.0M$23.5M
Net income attributable to shareholders$251.4M$194.9M$232.9M
Earnings per share from continuing operations (in usd per share)$1$1$1
Earnings per share from discontinued operations (in usd per share)$0$0$0
Earnings per share (in usd per share)$0.98$0.75$0.86
Earnings per share from continuing operations (in usd per share)$1$1$1
Earnings per share from discontinued operations (in usd per share)$0$0$0
Earnings per share (in usd per share)$0.96$0.74$0.84
Loss on disposal of discontinued operations, net of tax$0$0$0

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Corporate structure

Gates Corporation is part of a group headed by GATES INDUSTRIAL CORPORATION PLC. 7 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Gates Corporation

  • GATES INDUSTRIAL CORPORATION PLC Denver, Colorado, United States
    • Gates Corporation 100% · Denver, Colorado, United States
      • GATES INDIA PRIVATE LIMITED Subsidiary · New Delhi, India
      • GATES INVESTMENTS, LLC Subsidiary · Denver, Colorado, United States
      • GATES UNITTA INDIA COMPANY PRIVATE LIMITED Subsidiary · Chennai, India
    • GATES FINANCE LIMITED Subsidiary · Bristol, United Kingdom
    • Gates Tube Fittings GmbH Subsidiary · Euskirchen, Germany

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

On October 1, 1911, Charles Gates Sr. purchased the Colorado Tire and Leather Company located in Denver, Colorado beside the South Platte River. Colorado Tire and Leather Company made a single product, the Durable Tread, a steel-studded band of leather that motorists attached to tires to extend their mileage. In 1917, the company began phasing out leather in favor of rubber and Charles Gates changed its name to the International Rubber Company.

That same year, John Gates, Charles's brother, developed a belt made of rubber and woven threading called a V-belt, due to its shape. It replaced the hemp and rope belt used on automobiles and industrial machinery at the time, and was a model for the common serpentine belt. The belt's success propelled the company to become the largest manufacturer of V-belts, a title it still holds.

In 1919, the International Rubber Company changed its name to the Gates Rubber Company. Gates continued its expansion across the United States, opening more factories and hiring thousands of people. Then, in 1954, its first international manufacturing facility was built in Brantford, Ontario, Canada. Expansion to other countries followed. In 1958, the company opened Gates Rubber de Mexico. In 1963, Gates built a belt and hose plant in Erembodegem, Belgium, the first of many European facilities.

In the 1980s, Gates expanded when it acquired the Uniroyal Power Transmission Company and became the world's largest synchronous/timing belt manufacturer, firmly establishing its growth path in the Asia-Pacific region.

In 1996, the company was acquired by the British-based engineering firm Tomkins plc, ending 85 years of family ownership. In 2003, Gates changed its name to The Gates Corporation, a move reflecting the company's expanding range of industrial brands, product lines, and customers. The Denver factory closed, and by 2001, some buildings hadn't been used in nearly a decade. Asbestos contaminated the buildings and trichloroethylene in the groundwater was still under remediation in late 2014. While parts of the property had been redeveloped, the original factory remained deserted until November 2013, when demolition of the final factory buildings began. The site was purchased by Denver-based Frontier Renewal in September 2014 with the intention of completing the cleanup preparing it for future development.

In July 2010 Tomkins was acquired by a Canadian consortium of private equity firm Onex Corporation and the Canada Pension Plan Investment Board for £2.9 billion. In July 2014, The Blackstone Group, the world's largest buyout firm, agreed to acquire The Gates Corporation from Onex Corp. (OCX) and Canada Pension Plan Investment Board for $5.4 billion. In December 2017, Gates Corporation filed an initial public offering and became a public corporation.

From Wikipedia’s article on Gates Corporation, shared under CC BY-SA 4.0.6

Leadership

Who has led Gates Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ivo Jurek2018–now

Chief operating officer

  1. Walter Lifsey2018–2022
197019801990200020102020
Board members and other officers (26)

Products and brands

Gates designs and manufactures industrial belt, hose and hydraulic products for various industries:

Energy, exploration and extraction: Products and services for the energy, marine, mining, oil and gas, and oil refining industries.

Infrastructure & Agriculture: Heavy-duty applications, including construction, agriculture, logging, and material handling.

Transportation: New build and replacement products for fleet and heavy-duty vehicles, freight, towables, and rail applications.

Read the full text

Automotive: OEM automotive aftermarket products for cars, light trucks, and snowmobile, sport, fleet, and heavy-duty vehicles.

Bicycles: Carbon belt drives as replacements for bicycle chains.

Process and specialty: Hoses and belts for products used in homes, offices, laboratories, food processing plants.

From Wikipedia’s article on Gates Corporation, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Parent company (GLEIF)

Subsidiaries (Exhibit 21)

  • Atlas Hydraulics Inc. Canada7
  • Atlas Hydraulics LLC Delaware7
  • Finco Omaha Ltd England and Wales7
  • Gates (Thailand) Co., Ltd. Thailand7
  • Gates (U.K.) Limited Scotland7
  • Gates Acquisitions Limited England and Wales7
  • Gates Administration Corp. Delaware7
  • Gates Argentina S.A. Argentina7
  • Gates Australia Pty, Limited Australia7
  • Gates Auto Parts (Suzhou) Co., Ltd China7
  • Gates Auto Parts Holdings China Limited England and Wales7
  • Gates Business Services Europe sp. z o.o. Poland7
  • Gates CIS LLC Russian Federation7
  • Gates Canada Inc. Canada7
  • Gates Corporation Delaware7
  • Gates Distribution Center NV Belgium7
  • Gates E&S Bahrain WLL Bahrain7
  • Gates E&S Mexico, S.A. de C.V. Mexico7
  • Gates E&S North America, Inc. Delaware7
  • Gates EMEA Holdings Limited England and Wales7
  • Gates Endustriyel Metal Kaucuk Sanayi ve Ticaret Anonim Sirketi Turkey7
  • Gates Engineering & Services (Muscat) LLC Oman7
  • Gates Engineering & Services Closed Joint Stock Company Saudi Arabia, Kingdom of7
  • Gates Engineering & Services FZCO United Arab Emirates7
All 99 listed subsidiaries
  • Gates Engineering & Services Global Limited England and Wales7
  • Gates Engineering & Services PTE Limited Singapore7
  • Gates Engineering & Services UK Holdings Limited England and Wales7
  • Gates Engineering & Services UK Limited England and Wales7
  • Gates Finance Limited England and Wales7
  • Gates Fleximak Ltd British Virgin Islands7
  • Gates Fleximak Oilfield Services Est. United Arab Emirates7
  • Gates Fluid Power Technologies (Changzhou) Co., Ltd China7
  • Gates Fluid Power Technologies Investments Ltd England and Wales7
  • Gates France S.a.r.l. France7
  • Gates GmbH Germany7
  • Gates Güç Aktarim Sistemleri Dagitim Sanayi Ve Ticaret Limited Sirketi Turkey7
  • Gates Holding GmbH Germany7
  • Gates Holdings Limited England and Wales7
  • Gates Holdings Luxembourg SARL Luxembourg7
  • Gates Hortum Sanayi ve Ticaret Limited Sirketi Turkey7
  • Gates Hydraulics s.r.o. Czech Republic7
  • Gates India Private Limited India7
  • Gates Industrial & Automotive (Malaysia) SDN. BHD. Malaysia7
  • Gates Industrial Africa (Pty) Ltd South Africa7
  • Gates Industrial Canada Ltd Canada7
  • Gates Industrial Europe SARL Luxembourg7
  • Gates Industrial Holdco Limited England and Wales7
  • Gates Industrial Singapore PTE. LTD. Singapore7
  • Gates International Holdings, LLC Colorado7
  • Gates Investments SARL Luxembourg7
  • Gates Investments, LLC Delaware7
  • Gates Japan KK Japan7
  • Gates Luxembourg SARL Luxembourg7
  • Gates Nitta Belt Company, LLC Colorado7
  • Gates PT Spain, S.L. Spain7
  • Gates Polska Sp. z o.o. Poland7
  • Gates Rubber Company (S) Pte Limited Singapore7
  • Gates S.A.S. France7
  • Gates S.r.l. Italy7
  • Gates Service Center S.A.S. France7
  • Gates TPU GmbH Germany7
  • Gates TPU, Inc. Delaware7
  • Gates Trading (Shanghai) Co., Ltd. China7
  • Gates Treasury (Brazilian Real) Limited England and Wales7
  • Gates Treasury (Canadian Dollar) Company England and Wales7
  • Gates Treasury (Dollar) Company England and Wales7
  • Gates Treasury (Euro) Company England and Wales7
  • Gates Treasury (TRY) Limited England and Wales7
  • Gates Tube Fittings GmbH Germany7
  • Gates Tubes Manufacturing LLC United Arab Emirates7
  • Gates UK Finance Limited England and Wales7
  • Gates Unitta (Thailand) Co., Ltd Thailand7
  • Gates Unitta Asia Company (aka Gates Unitta Asia Kabushikikaisha) Japan7
  • Gates Unitta Asia Trading Company Pte Ltd Singapore7
  • Gates Unitta India Company Private Limited India7
  • Gates Unitta Korea Co., Ltd. Korea, Republic Of7
  • Gates Unitta Power Transmission (Shanghai) Limited China7
  • Gates Unitta Power Transmission (Suzhou) Limited China7
  • Gates Winhere Automotive Pump Products (Yantai) Co. Ltd China7
  • Gates Winhere, LLC Delaware7
  • Gates Worldwide Holdings SARL Luxembourg7
  • Gates Worldwide Limited England and Wales7
  • Gates de Mexico Services, S. de R.L. de C.V. Mexico7
  • Gates de México, S. de R.L. de C.V. Mexico7
  • Gates do Brasil Industria e Comercio Ltda Brazil7
  • Industrias Atlas Hydraulics S. de RL de CV Mexico7
  • Lerma Hose Plant S.A. de C.V. Mexico7
  • Omaha Acquisition Inc. Delaware7
  • PT Gates Industrial Indonesia Indonesia7
  • Philips Holding Corporation Delaware7
  • Rapro Kauçuk ve Plastik Urunleri Ithalat Ihracat Mumessillik Pazarlama Ticaret Limited Sirketi Turkey7
  • Rapro Kimya Turizm Bilisim Sanayi ve Ticaret Anonim Sirketi Turkey7
  • Servicios IAHS, S de RL de CV Mexico7
  • Tomkins BP UK Holdings Limited England and Wales7
  • Tomkins BP US Holding Corp. Delaware7
  • Tomkins Engineering Limited England and Wales7
  • Tomkins Insurance Limited Isle of Man7
  • Tomkins Investments Limited England and Wales7
  • Tomkins Overseas Investments Limited England and Wales7

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 31, 20268-K Results of operations46
  2. Jul 16, 20268-K Other events47
  3. Jun 25, 20268-K Shareholder vote; Regulation FD disclosure; Other events48
  4. Jun 10, 20268-K Shareholder vote49
  5. May 1, 20268-K Results of operations50
  6. Feb 12, 20268-K Results of operations51
  7. Oct 29, 20258-K Results of operations52
  8. Jul 30, 20258-K Results of operations53
  9. Jun 10, 20258-K Shareholder vote54
  10. Apr 30, 20258-K Results of operations55
  11. Mar 31, 20258-K Executive or director change56
  12. Feb 6, 20258-K Results of operations57
  13. Jan 25, 2018New chief executive Ivo Jurek becomes CEO16
  14. Oct 22, 1981Parent Directly consolidated by GATES INDUSTRIAL CORPORATION PLC4
  15. 1911Founded Founded1

Calendar

Coming up

  1. Oct 30, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.37 a share, on Oct 29, 2025.58

When it reported results

  1. Jul 31, 2026Reported quarterly or annual results46
  2. May 1, 2026Reported quarterly or annual results50
  3. Feb 12, 2026Reported quarterly or annual results51
  4. Oct 29, 2025Reported quarterly or annual results52
  5. Jul 30, 2025Reported quarterly or annual results53
  6. Apr 30, 2025Reported quarterly or annual results55
  7. Feb 6, 2025Reported quarterly or annual results57
  8. Oct 30, 2024Reported quarterly or annual results59

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

422 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 49 major events, 241 insider forms, 22 large holders, 90 other. The latest 20:

  1. Aug 7, 20264 EDGAR
  2. Aug 6, 2026SCHEDULE 13G EDGAR
  3. Aug 6, 2026SCHEDULE 13G/A EDGAR
  4. Aug 6, 2026144 EDGAR
  5. Aug 6, 2026SCHEDULE 13G/A EDGAR
  6. Aug 5, 2026144 EDGAR
  7. Aug 5, 20264 EDGAR
  8. Aug 4, 2026144 EDGAR
  9. Aug 4, 2026144 EDGAR
  10. Jul 31, 202610-Q EDGAR
  11. Jul 31, 20268-K EDGAR
  12. Jul 30, 202615-12G EDGAR
  13. Jul 20, 2026S-8 POS EDGAR
  14. Jul 20, 2026S-8 POS EDGAR
  15. Jul 20, 2026S-8 POS EDGAR
  16. Jul 20, 20268-K12B EDGAR
  17. Jul 20, 2026S-8 POS EDGAR
  18. Jul 20, 2026S-8 POS EDGAR
  19. Jul 20, 2026S-8 POS EDGAR
  20. Jul 20, 202625-NSE EDGAR

The 422 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 29, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−2.1%Report
Mar 3, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−13.6%Report
Sep 22, 2025Julia LetlowRepublican, HouseBuy$1,001 - $15,000−12.7%Report
Oct 31, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000+0.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Gates Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGates Corp2
  • CIK0001516658
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Business addressC/O Tomkins, 1551 Wewatta Street, Denver, CO 802022
  • Phone303-744-50592
  • On EDGAR sinceJun 24, 20112
  • Filings12 in all: F-4/A (5), UPLOAD (4), 424B3 (1), EFFECT (1), F-4 (1)2

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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