GTES
Gates Industrial Corporation plc
GTES has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GTES Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
GTES's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
GTES PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $25.35 | — |
| Cheap | 15x | $20.85 | -18% |
| Current | 18x | $25.35 | — |
| Fair | 20x | $28.21 | +11% |
| Expensive | 31x | $44.49 | +76% |
Historical ranges are pointers, not guarantees.
GTES's PE is in its fair range at 18x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
GTES Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GTES, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
GTES Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.89 | +32% |
| Q3 2026 | $1.43 | +55% |
| Q2 2026 | $1.40 | +77% |
| Q1 2026 | $0.95 | +14% |
| Q4 2025 | $0.96 | +30% |
| Q3 2025 | $0.92 | +12% |
| Q2 2025 | $0.79 | -15% |
| Q1 2025 | $0.83 | -7.8% |
| Q4 2024 | $0.74 | -12% |
GTES has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
GTES Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $903.6M | +5.6% |
| Q2 2026 | $941.6M | +6.6% |
| Q1 2026 | $851.1M | +0.4% |
| Q4 2025 | $856.2M | +3.2% |
| Q3 2025 | $855.7M | +3% |
| Q2 2025 | $883.7M | -0.2% |
| Q1 2025 | $847.6M | -1.7% |
| Q4 2024 | $829.4M | -3.9% |
GTES's revenue grew through 2021 and has held roughly level since: $904M last quarter, up 5.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1 points |
| Q2 2026 | 14% | +0.9 points |
| Q1 2026 | 13% | -1.8 points |
| Q4 2025 | 13% | -0.9 points |
| Q3 2025 | 13% | -0.1 points |
| Q2 2025 | 13% | -2.3 points |
| Q1 2025 | 15% | +1.2 points |
| Q4 2024 | 14% | -0.3 points |
GTES has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over GTES on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
GTES Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $42.4M | -47% |
| Q2 2026 | $60.3M | -28% |
| Q1 2026 | $13.5M | +$23.7M |
| Q4 2025 | $251M | +50% |
| Q3 2025 | $80.5M | -14% |
| Q2 2025 | $83.6M | +16% |
| Q1 2025 | -$10.2M | +$26.8M |
| Q4 2024 | $167.6M | -0.1% |
GTES has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
GTES Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -552K shares |
| 1 year | -2.3% | -6M shares |
| 3 years | -4.6% | -12.3M shares |
| 5 years | -15% | -44.1M shares |
| Available history | -12% | -36M shares |
GTES has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.4M |
| Q2 2026 | $22.1M |
| Q1 2026 | $16.6M |
| Q4 2025 | $106.3M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $13M |
| Q4 2024 | — |
GTES spent $202M buying back its own shares over the past year, more than ten times what it spent the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
GTES Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 2.4x | Moderate |
GTES's net debt is about 2.0 years of its operating earnings (EBITDA), down from 2.3 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
GTES Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 20.0 | Neutral |
GTES's weekly RSI is 48 (neutral) and its Stochastic is 20 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
GTES PE vs Industrials Sector
| Metric | GTES | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 35 | 58 | 23 pts below |
GTES is trading at 18x earnings, a 26% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
GTES Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.7 | 1.2% below |
| 20 week MA | $26.3 | 3.5% below |
| 50 week MA | $25.2 | 0.6% above |
| 100 week MA | $23.7 | 7.1% above |
| 200 week MA | $19.3 | 31% above |
GTES has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
GTES Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.7 | $13.1 | -4.5% |
| 2021 | $13.1 | $15.4 | +18% |
| 2022 | $15.4 | $11.2 | -28% |
| 2023 | $11.2 | $13.4 | +20% |
| 2024 | $13.4 | $20.7 | +54% |
| 2025 | $20.7 | $22.0 | +6.3% |
| 2026 YTD | $22.0 | $25.4 | +15% |
GTES has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.