Gates Industrial (GTES) Gross Margin (2017 - 2026)
Gates Industrial's Gross Margin came in at 42.42% for Q3 2026, up 2.50 percentage points from 39.92% a year earlier and up 1.41 percentage points from the prior quarter.
Gates Industrial (GTES) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 26, 2026, Gates Industrial reported Gross Margin of 40.33%, down 0.11 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 Q3 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2017.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +0.37 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 41.00% (Q2 2026), 39.71% (Q1 2026) and 37.99% (Q4 2025) in the three quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 35.54% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 39.26% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 34.70% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 37.73% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 42.27% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 52.68% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 45.09% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 38.11% |
| 10 | Gates Industrial | 6.30 Bn | 3.43 Bn | 383.30 Mn | 42.42% |
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 42.42% |
| 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% |
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_KEY
import 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();