HIGHBuilt-inProduct / Revenue mix
62%
Power Transmission segment
“10-K Item 1: 'Power transmission products represented approximately 62% of our total net sales for Fiscal 2025'”
GTES · Concentration risk · 10-K extracted
Gates Industrial Corporation pl (GTES) concentration risks
Updated
The most significant concentration Gates Industrial Corporation pl discloses is Power Transmission segment at 62%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Gates Industrial Corporation pl’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
37%
U.S. customers
“10-K Item 1A: 'Approximately 37% of our Fiscal 2025 revenues were generated from customers in the U.S.'”
LOWOutside partyCustomer
24%
top ten customers
“10-K Item 1A: 'our top ten customers accounted for approximately 24% of our consolidated net sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a large-share product-segment exposure with two additional exposures at the moderate and small level, painting a diversified but product-led picture. Power transmission products represented approximately 62% of total net sales for Fiscal 2025, a large share that reflects the company's strategic focus on belts, hoses, and related mechanical drive components. This is structural in character — it is the result of decades of product-line investment and acquisition rather than concentration in a single transient contract. The geographic mix shows moderate balance: approximately 37% of Fiscal 2025 revenues were generated from customers in the U.S., meaning the remaining majority came from international geographies. This moderate U.S. share indicates a globally distributed revenue base, which provides some natural offset against single-country economic cycles, though it also introduces currency and geopolitical translation risks across a broad set of international markets. At the customer level, the top ten customers accounted for approximately 24% of consolidated net sales, a small share that indicates revenue is broadly dispersed across a large number of end customers. No single buyer represents a concentration that could be disruptive if lost. The three exposures are largely independent of each other — the product-line dominance of power transmission does not compound customer or geographic concentration in a way that creates a single critical risk axis. On balance, the profile is well-distributed at the customer and geographic level, with the primary structural feature being the product-segment tilt toward power transmission.
For the engine’s reasoning on GTES’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Industrial Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CMI | Cummins Inc. | 2 | 1 | 0 | 3 |
| AOS | A.O. Smith Corporation | 1 | 1 | 1 | 3 |
| GTES● | Gates Industrial Corporation pl | 1 | 1 | 1 | 3 |
| CR | Crane Company | 0 | 1 | 0 | 1 |
| AME | AMETEK, Inc. | 0 | 0 | 1 | 1 |
| BW | Babcock & Wilcox Enterprises, I | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.