Gates Industrial (GTES) Revenue & Revenue Breakdown
Gates Industrial Revenue Highlights
Latest Revenue (Y)
$3.57B
Latest Revenue (Q)
$885.50M
Main Segment (Y)
Power Transmission Segment
Main Geography (Y)
Power Transmission Segment
Gates Industrial Revenue by Period
Gates Industrial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-30 | $3.57B | 0.45% |
| 2022-12-31 | $3.55B | 2.30% |
| 2022-01-01 | $3.47B | 24.40% |
| 2021-01-02 | $2.79B | -9.53% |
| 2019-12-28 | $3.09B | -7.78% |
| 2018-12-29 | $3.35B | 10.06% |
| 2017-12-30 | $3.04B | 10.73% |
| 2016-12-31 | $2.75B | 0.07% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-29 | $885.50M | 2.65% |
| 2024-03-30 | $862.60M | -0.08% |
| 2023-12-30 | $863.30M | -1.10% |
| 2023-09-30 | $872.90M | -6.77% |
| 2023-07-01 | $936.30M | 4.30% |
| 2023-04-01 | $897.70M | 0.49% |
| 2022-12-31 | $893.30M | 3.79% |
| 2022-10-01 | $860.70M | -5.08% |
| 2022-07-02 | $906.80M | 1.50% |
| 2022-04-02 | $893.40M | 9.54% |
| 2022-01-01 | $815.60M | -5.43% |
| 2021-10-02 | $862.40M | -5.76% |
| 2021-07-03 | $915.10M | 3.84% |
| 2021-04-03 | $881.30M | 10.97% |
| 2021-01-02 | $794.20M | 11.51% |
| 2020-09-26 | $712.20M | 23.54% |
| 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 | $809.90M | 0.62% |
| 2019-03-30 | $804.90M | 1.62% |
| 2018-12-29 | $792.10M | -4.38% |
| 2018-09-29 | $828.40M | -5.34% |
| 2018-06-30 | $875.10M | 2.71% |
| 2018-03-31 | $852.00M | 8.98% |
| 2017-12-30 | $781.80M | 2.79% |
| 2017-09-30 | $760.60M | -1.11% |
| 2017-06-30 | $769.10M | 5.33% |
| 2017-03-31 | $730.20M | 9.36% |
| 2016-12-31 | $667.70M | - |
Gates Industrial generated $885.50M in revenue during Q2 2024, up 2.65% compared to the previous quarter, and up 98.64% compared to the same period a year ago.
Gates Industrial Revenue Breakdown
Gates Industrial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Jan 22 | Jan 21 | Dec 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/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jul 23 | Apr 23 | Dec 22 | Oct 22 | Jul 22 | Apr 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Power Transmission Segment | $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 | $499.50M |
| Fluid Power Segment | $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 | $305.40M |
Gates Industrial's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Power Transmission Segment (61.20%), and Fluid Power Segment (38.80%).
Gates Industrial Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 18 |
|---|---|---|
| Power Transmission Segment | $2.17B | - |
| Fluid Power Segment | $1.38B | - |
| UNITED STATES | - | $1.28B |
| North America Excluding United States | - | $344.90M |
| CHINA | - | $369.70M |
| East Asia And India | - | $399.20M |
| Rest of EMEA | - | $757.30M |
| South America | - | $103.60M |
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
| Country | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Mar 18 |
|---|---|---|---|---|---|
| UNITED STATES | $284.30M | $315.30M | $310.00M | - | - |
| CHINA | $80.60M | $88.80M | $84.00M | $90.20M | $92.70M |
| East Asia And India | $87.90M | $92.20M | $94.10M | $95.90M | $98.30M |
| South America | $25.90M | $25.50M | $25.20M | $30.60M | $33.70M |
| Rest of EMEA | $164.10M | $177.10M | $180.50M | - | - |
| North America Excluding United States | $85.10M | $89.60M | $88.60M | - | - |
| 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| IR | Ingersoll Rand | $6.88B | $1.81B |
| GTES | Gates Industrial | $3.57B | $885.50M |
| DCI | Donaldson Company | $3.43B | $927.90M |
| ITT | ITT | $3.28B | $905.90M |
| IEX | IDEX | $3.27B | $807.20M |
| FELE | Franklin Electric | $2.07B | $543.26M |
| JBT | John Bean | $1.66B | $402.30M |
| CXT | Crane NXT | $1.39B | $313.60M |
| TNC | Tennant Company | $1.24B | $331.00M |
| HLIO | Helios | $835.60M | $219.90M |
| GRC | Gorman-Rupp Company | $659.51M | $169.51M |
| LXFR | Luxfer | $405.00M | $99.70M |
| OFLX | Omega Flex | $111.47M | $24.62M |
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 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). The company'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). GTES's quarterly revenue for Q4 2023 was $863.3M, a -1.10% decrease from the previous quarter (Q3 2023), and a -3.36% decrease year-over-year (Q4 2022).
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.