U.S was Gates Industrial’s largest segment in fiscal 2025, bringing in $683.70M of $2.25B (30%).
| Segment | FY 2016 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| U.S | $733.30M | $724.50M | $688.00M | $683.70M | |
| Emea, Excluding U.K | $402.90M | $382.30M | $337.30M | $345.70M | |
| Rest Of Emea | — | — | — | — | |
| East Asia & India | $295.50M | $287.10M | $277.80M | $280.20M | |
| Greater China | $300.30M | $297.30M | $291.10M | $298.70M | |
| Luxembourg | $195.40M | $247.80M | $252.70M | $265.80M | |
| North America, Excluding U.S | $208.80M | $230.10M | $239.80M | $215.60M | |
| North America | — | — | — | — | |
| South America | $92.10M | $110.70M | $104.30M | $92.60M | |
| United Kingdom (“U.K.”) | $68.90M | $71.40M | $67.80M | $67.90M | |
| U.K | — | — | — | — | |
| Total | $2.30B | $2.35B | $2.26B | $2.25B |
Gates Industrial brought in $2.25B from its eight segments in fiscal 2025, the year ended December 31, 2025. That was down 0.4% from $2.26B in fiscal 2024. U.S was the largest at $683.70M (30.4%), ahead of Emea, Excluding U.K at $345.70M (15.4%) and Greater China at $298.70M (13.3%). The other five segments brought in $922.10M combined.
Compared with fiscal 2024, Luxembourg grew fastest, up 5.2% to $265.80M, while South America fell the most, down 11.2% to $92.60M. From fiscal 2022 to 2025, combined revenue from these segments fell from $2.30B to $2.25B, a compound annual decline of 0.7%. U.S's share of the total fell from 31.9% to 30.4%.
Aftermarket was Gates Industrial’s largest product and service line in fiscal 2025, bringing in $1.42B of $2.15B (66%).
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Aftermarket | — | $1.39B | $1.39B | $1.42B |
| Replacement | $1.35B | — | — | — |
| Oem | $825.80M | $802.00M | $715.10M | $725.70M |
| Total | $2.17B | $2.19B | $2.11B | $2.15B |
Gates Industrial brought in $2.15B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 1.9% from $2.11B in fiscal 2024. Aftermarket was the largest at $1.42B (66.2%), ahead of Oem at $725.70M (33.8%).
Compared with fiscal 2024, Aftermarket grew 2.0% to $1.42B and Oem grew 1.5% to $725.70M.
Gates Industrial began breaking out Aftermarket in fiscal 2023, when it brought in $1.39B. Gates Industrial stopped reporting Replacement as a separate line after fiscal 2022, when it brought in $1.35B.
Power Transmission was Gates Industrial’s largest segment in fiscal 2016, bringing in $1.86B of $2.75B (68%).
| Statement Business Segments | FY 2016 |
|---|---|
| Power Transmission | $1.86B |
| Fluid Power | $884.90M |
| Total | $2.75B |
Gates Industrial brought in $2.75B from its two segments in fiscal 2016, the year ended December 31, 2016. Power Transmission was the largest at $1.86B (67.8%), ahead of Fluid Power at $884.90M (32.2%).
Gates Industrial (GTES) reports its revenue by segment, by product and service and by statement business segments. In fiscal 2025, U.S was its largest segment, bringing in $683.70M (30.4% of the total), followed by Emea, Excluding U.K at $345.70M (15.4%).
U.S was Gates Industrial's largest segment in fiscal 2025, bringing in $683.70M, or 30.4% of the $2.25B total across its eight segments.
Aftermarket was Gates Industrial's largest product and service line in fiscal 2025, bringing in $1.42B, or 66.2% of the $2.15B total across its two product and service lines.
Among Gates Industrial's segments that make up at least 2% of revenue, Luxembourg grew fastest in fiscal 2025, up 5.2% from $252.70M to $265.80M.
Every figure comes from Gates Industrial's annual financial filings, as reported. Each line keeps the name Gates Industrial gives it, and years follow its fiscal calendar.
Gates Industrial's revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.