Gates Industrial Corp vs Middleby
Gates Industrial Corp and Middleby are similar in size: $3.44bn and $3.20bn of revenue in their latest fiscal years. Middleby grew faster (1.6% against 1.0%). Gates Industrial Corp kept more of each dollar of sales as profit: a net margin of 7.3% against -8.7%. Gates Industrial Corp carries less debt relative to equity (67.2% against 78.3%).
| Latest fiscal year | Gates Industrial CorpGTES, 2025 | MiddlebyMIDD, 2025 |
|---|---|---|
| Revenue | $3.44bn | $3.20bn |
| Revenue growth | 1.0% | 1.6% |
| Net income | $251m | −$278m |
| Operating margin | 13.5% | 18.0% |
| Net margin | 7.3% | -8.7% |
| Return on equity | 7.9% | -8.7% |
| Free cash flow | $405m | $559m |
| Cash | $812m | $222m |
| Total debt | $2.24bn | $2.17bn |
| Debt to equity | 67.2% | 78.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $119m | $724m |
| Employees | 13,000 | — |
| Market value | $6.16bn | $5.58bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 62 (Moderate) | 76 (Strong) |
| Insider trades, 12 months | 0 buys, 6 sales | 8 buys, 0 sales |