GTES
Gates Industrial Corporation plc
GTES has lower modeled downside risk, despite its lower overall score.
VRT
Vertiv Holdings Co
VRT has the edge over GTES overall, supported by stronger valuation and stronger fundamentals.
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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over GTES in the historical PE scenario, which offers more potential upside but is not a forecast.
GTES Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for GTES, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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's earnings per share have fallen from their peak: $1.43 over the past year, against $2.34 in late 2019.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over GTES on earnings, with more consistent year-over-year improvement.
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's operating margin was 15% last quarter, up 1 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over GTES on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over GTES on profitability, with a higher operating margin.
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 generated $367M in free cash flow over the past year, up 14% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over GTES on cash flow, with more consistent year-over-year improvement.
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 VRT 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.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over GTES on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
GTES PE vs Industrials Sector
| Metric | GTES | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 26% below |
| PE % | 35 | 58 | 23 pts below |
GTES has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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 finished higher in four of the last six years. It's up 15% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over GTES on returns for 2026, with the stronger performance.