Gates Industrial (GTES) Gross Margin (2017 - 2026)
Gates Industrial's Gross Margin came in at 41.00% for Q2 2026, up 0.24 percentage points from 40.76% a year earlier and up 1.29 percentage points from the prior quarter.
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Analysis
Gates Industrial (GTES) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 27, 2026, Gates Industrial reported Gross Margin of 39.69%, down 0.88 percentage points year-over-year; for FY2025, it came in at 39.84%, down 0.02 percentage points from FY2024.
- Gross Margin carries a four-year change of +1.29 percentage points (FY2021 to FY2025).
- Going back by year, Gross Margin was 39.86% in FY2024 (+1.80 pp), 38.06% in FY2023 (+2.88 pp), 35.19% in FY2022 (-3.36 pp) and 38.54% in FY2021.
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2021.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +0.19 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 4.41 percentage points), and the weakest in Q4 2022 (a drop of 6.39 percentage points).
- Business Quant data shows GTES's Gross Margin at 39.71% (Q1 2026), 37.99% (Q4 2025) and 39.92% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | 44.13% |
| 10 | Gates Industrial | 6.75 Bn | 4.01 Bn | 386.10 Mn | 41.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 41.00% |
| Mar 28, 2026 | 39.71% |
| Dec 31, 2025 | 37.99% |
| Sep 27, 2025 | 39.92% |
| Jun 28, 2025 | 40.76% |
| Mar 29, 2025 | 40.66% |
| Dec 28, 2024 | 40.43% |
| Sep 28, 2024 | 40.42% |
| Jun 29, 2024 | 40.36% |
| Mar 30, 2024 | 38.26% |
| Dec 30, 2023 | 39.12% |
| Sep 30, 2023 | 39.34% |
| Jul 1, 2023 | 37.67% |
| Apr 1, 2023 | 36.21% |
| Dec 31, 2022 | 34.70% |
| Oct 1, 2022 | 35.96% |
| Jul 2, 2022 | 35.97% |
| Apr 2, 2022 | 34.13% |
| Jan 1, 2022 | 41.09% |
| Oct 2, 2021 | 39.51% |
API Access
Gates Industrial Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GTES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GTES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GTES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();