Gates Industrial (GTES) Revenue & Revenue Breakdown


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Gates Industrial Revenue Highlights


Latest Revenue (Y)

$3.57B

Latest Revenue (Q)

$830.70M

Main Segment (Y)

Power Transmission Segment

Main Geography (Y)

Power Transmission Segment

Gates Industrial Revenue by Period


Gates Industrial Revenue by Year

DateRevenueChange
2023-12-30$3.57B0.45%
2022-12-31$3.55B2.30%
2022-01-01$3.47B24.40%
2021-01-02$2.79B-9.53%
2019-12-28$3.09B-7.78%
2018-12-29$3.35B10.06%
2017-12-30$3.04B10.73%
2016-12-31$2.75B0.07%
2015-12-31$2.75B-9.77%
2014-12-31$3.04B-

Gates Industrial generated $3.57B in revenue during NA 2023, up 0.45% compared to the previous quarter, and up 106.65% compared to the same period a year ago.

Gates Industrial Revenue by Quarter

DateRevenueChange
2024-09-28$830.70M-6.19%
2024-06-29$885.50M2.65%
2024-03-30$862.60M-0.08%
2023-12-30$863.30M-1.10%
2023-09-30$872.90M-6.77%
2023-07-01$936.30M4.30%
2023-04-01$897.70M0.49%
2022-12-31$893.30M3.79%
2022-10-01$860.70M-5.08%
2022-07-02$906.80M1.50%
2022-04-02$893.40M9.54%
2022-01-01$815.60M-5.43%
2021-10-02$862.40M-5.76%
2021-07-03$915.10M3.84%
2021-04-03$881.30M10.97%
2021-01-02$794.20M11.51%
2020-09-26$712.20M23.54%
2020-06-27$576.50M-18.81%
2020-03-28$710.10M-2.15%
2019-12-28$725.70M-2.80%
2019-09-28$746.60M-7.82%
2019-06-29$809.90M0.62%
2019-03-30$804.90M1.62%
2018-12-29$792.10M-4.38%
2018-09-29$828.40M-5.34%
2018-06-30$875.10M2.71%
2018-03-31$852.00M8.98%
2017-12-30$781.80M2.79%
2017-09-30$760.60M-1.11%
2017-06-30$769.10M5.33%
2017-03-31$730.20M9.36%
2016-12-31$667.70M-

Gates Industrial generated $830.70M in revenue during Q3 2024, up -6.19% compared to the previous quarter, and up 88.72% compared to the same period a year ago.

Gates Industrial Revenue Breakdown


Gates Industrial Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Jan 22Jan 21Dec 19
Power Transmission Segment$2.19B$2.17B$2.22B$1.80B$1.95B
Fluid Power Segment$1.38B$1.38B$1.26B$992.80M$1.14B

Gates Industrial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Power Transmission Segment (61.37%), and Fluid Power Segment (38.63%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jul 23Apr 23Dec 22Oct 22Jul 22Apr 22Oct 21Jul 21Apr 21Jan 21Sep 20Jun 20Mar 20Sep 19Jun 19
Fluid Power Segment$317.30M$343.60M$329.80M$330.50M$336.50M$362.40M$349.60M$340.70M$338.20M$363.80M$337.80M$313.00M$326.50M$321.80M$274.40M$243.00M$206.50M$268.90M$272.20M$308.40M
Power Transmission Segment$513.40M$541.90M$532.80M$532.80M$536.40M$573.90M$548.10M$552.60M$522.50M$543.00M$555.60M$549.40M$588.60M$559.50M$519.80M$469.20M$370.00M$441.20M$474.40M$501.50M

Gates Industrial's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Power Transmission Segment (61.80%), and Fluid Power Segment (38.20%).

Gates Industrial Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 18
Fluid Power Segment$1.38B-
Power Transmission Segment$2.17B-
East Asia And India-$399.20M
North America Excluding United States-$344.90M
CHINA-$369.70M
UNITED STATES-$1.28B
South America-$103.60M
Rest of EMEA-$757.30M

Gates Industrial's latest annual revenue breakdown by geography, as of Dec 22: Power Transmission Segment (61.16%), and Fluid Power Segment (38.84%).

Quarterly Revenue by Country

CountrySep 19Jun 19Mar 19Sep 18Mar 18
UNITED STATES$284.30M$315.30M$310.00M--
CHINA$80.60M$88.80M$84.00M$90.20M$92.70M
Rest of EMEA$164.10M$177.10M$180.50M--
East Asia And India$87.90M$92.20M$94.10M$95.90M$98.30M
North America Excluding United States$85.10M$89.60M$88.60M--
South America$25.90M$25.50M$25.20M$30.60M$33.70M
EMEA---$207.10M$231.30M
North America---$404.60M$396.00M

Gates Industrial's latest quarterly revenue breakdown by geography, as of Sep 19: UNITED STATES (39.06%), Rest of EMEA (22.54%), East Asia And India (12.08%), North America Excluding United States (11.69%), CHINA (11.07%), and South America (3.56%).

Gates Industrial Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
IRIngersoll Rand$6.88B$1.86B
DCIDonaldson Company$3.59B$900.10M
GTESGates Industrial$3.57B$830.70M
ITTITT$3.28B$885.20M
IEXIDEX$3.27B$798.20M
FELEFranklin Electric$2.07B$531.44M
JBTJohn Bean$1.66B$453.80M
CXTCrane NXT$1.39B$370.60M
TNCTennant Company$1.24B$315.80M
HLIOHelios$835.60M$194.50M
GRCGorman-Rupp Company$659.51M$168.18M
LXFRLuxfer$405.00M$99.40M
OFLXOmega Flex$111.47M$24.88M

GTES Revenue FAQ


What is Gates Industrial’s yearly revenue?

Gates Industrial's yearly revenue for 2023 was $3.57B, representing an increase of 0.45% compared to 2022. The company's yearly revenue for 2022 was $3.55B, representing an increase of 2.30% compared to 2021. GTES's yearly revenue for 2021 was $3.47B, representing an increase of 24.40% compared to 2020.

What is Gates Industrial’s quarterly revenue?

Gates Industrial's quarterly revenue for Q3 2024 was $830.7M, a -6.19% decrease from the previous quarter (Q2 2024), and a -4.83% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $885.5M, a 2.65% increase from the previous quarter (Q1 2024), and a -5.43% decrease year-over-year (Q2 2023). GTES's quarterly revenue for Q1 2024 was $862.6M, a -0.08% decrease from the previous quarter (Q4 2023), and a -3.91% decrease year-over-year (Q1 2023).

What is Gates Industrial’s revenue growth rate?

Gates Industrial's revenue growth rate for the last 3 years (2021-2023) was 2.76%, and for the last 5 years (2019-2023) was 15.65%.

What are Gates Industrial’s revenue streams?

Gates Industrial's revenue streams in c 23 are Power Transmission Segment, and Fluid Power Segment. Power Transmission Segment generated $2.19B in revenue, accounting 61.37% of the company's total revenue, up 0.81% year-over-year. Fluid Power Segment generated $1.38B in revenue, accounting 38.63% of the company's total revenue, down -0.11% year-over-year.

What is Gates Industrial’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Gates Industrial was Power Transmission Segment. This segment made a revenue of $2.19B, representing 61.37% of the company's total revenue.