Gates Industrial Corp vs IDEX
Gates Industrial Corp and IDEX are similar in size: $3.44bn and $3.46bn of revenue in their latest fiscal years. IDEX grew faster (5.8% against 1.0%). IDEX kept more of each dollar of sales as profit: a net margin of 14.0% against 7.3%. IDEX carries less debt relative to equity (45.4% against 67.2%).
| Latest fiscal year | Gates Industrial CorpGTES, 2025 | IDEXIEX, 2025 |
|---|---|---|
| Revenue | $3.44bn | $3.46bn |
| Revenue growth | 1.0% | 5.8% |
| Net income | $251m | $483m |
| Operating margin | 13.5% | 20.2% |
| Net margin | 7.3% | 14.0% |
| Return on equity | 7.9% | 12.4% |
| Free cash flow | $405m | $617m |
| Cash | $812m | $580m |
| Total debt | $2.24bn | $1.83bn |
| Debt to equity | 67.2% | 45.4% |
| Dividend per share | — | $2.84 |
| Dividend yield | — | 1.2% |
| Share buybacks | $119m | $248m |
| Employees | 13,000 | 8,700 |
| Market value | $6.16bn | $17.58bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 62 (Moderate) | 83 (Strong) |
| Insider trades, 12 months | 0 buys, 6 sales | 1 buys, 3 sales |