Invesaro

Stocks Comparison

Gates Industrial vs Illinois Tool Works: revenue, profit, margins and growth compared

Gates Industrial brought in $3.4B of revenue in fiscal 2025, Illinois Tool Works $16B in fiscal 2025. Revenue changed by +1.0% at Gates Industrial and +0.9% at Illinois Tool Works on the year before, so Gates Industrial grew faster. Gates Industrial kept 7.3% of its revenue as net profit, Illinois Tool Works 19.1%. Free cash flow was $404.9M at Gates Industrial and $2.7B at Illinois Tool Works.

Side by side, latest fiscal year

GTESITW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.4B$16B
Revenue growth+1.0%+0.9%
Net income$251.4M$3.1B
Net margin7.3%19.1%
Free cash flow$404.9M$2.7B
Free cash flow margin11.8%16.9%
Earnings per share (diluted)$0.96$10.49
Cash$812.1M$851M
Debt$2.2B$7.7B
Price to earnings28.026.1
Market value$6.8B$78.1B
Dividend yieldn/a2.27%
Rank by revenue in sector#162 of 451 · Industrials#39 of 451 · Industrials

Over the years

Revenue
GTES FY2018: $3.3BGTES FY2019: $3.1BGTES FY2020: $2.8BGTES FY2021: $3.5BGTES FY2022: $3.6BGTES FY2023: $3.6BGTES FY2024: $3.4BGTES FY2025: $3.4BITW FY2018: $14.8BITW FY2019: $14.1BITW FY2020: $12.6BITW FY2021: $14.5BITW FY2022: $15.9BITW FY2023: $16.1BITW FY2024: $15.9BITW FY2025: $16BFY18FY19FY20FY21FY22FY23FY24FY25
GTES $3.4BITW $16B
Net income
GTES FY2018: $245.3MGTES FY2019: $690.1MGTES FY2020: $79.4MGTES FY2021: $297.1MGTES FY2022: $220.8MGTES FY2023: $232.9MGTES FY2024: $194.9MGTES FY2025: $251.4MITW FY2018: $2.6BITW FY2019: $2.5BITW FY2020: $2.1BITW FY2021: $2.7BITW FY2022: $3BITW FY2023: $3BITW FY2024: $3.5BITW FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
GTES $251.4MITW $3.1B
Net margin
GTES FY2018: 7.3%GTES FY2019: 22.4%GTES FY2020: 2.8%GTES FY2021: 8.6%GTES FY2022: 6.2%GTES FY2023: 6.5%GTES FY2024: 5.7%GTES FY2025: 7.3%ITW FY2018: 17.4%ITW FY2019: 17.9%ITW FY2020: 16.8%ITW FY2021: 18.6%ITW FY2022: 19.0%ITW FY2023: 18.4%ITW FY2024: 21.9%ITW FY2025: 19.1%FY18FY19FY20FY21FY22FY23FY24FY25
GTES 7.3%ITW 19.1%
Revenue growth
GTES FY2019: -7.8%GTES FY2020: -9.5%GTES FY2021: +24.4%GTES FY2022: +2.3%GTES FY2023: +0.5%GTES FY2024: -4.5%GTES FY2025: +1.0%ITW FY2019: -4.5%ITW FY2020: -10.9%ITW FY2021: +15.0%ITW FY2022: +10.2%ITW FY2023: +1.1%ITW FY2024: -1.3%ITW FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
GTES +1.0%ITW +0.9%
Free cash flow
GTES FY2018: $147.4MGTES FY2019: $276.8MGTES FY2020: $250.8MGTES FY2021: $304.7MGTES FY2022: $188.2MGTES FY2023: $419.8MGTES FY2024: $296.5MGTES FY2025: $404.9MITW FY2018: $2.4BITW FY2019: $2.7BITW FY2020: $2.6BITW FY2021: $2.3BITW FY2022: $1.9BITW FY2023: $3.1BITW FY2024: $2.8BITW FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
GTES $404.9MITW $2.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Gates Industrial and Illinois Tool Works

Which is bigger by revenue, Gates Industrial or Illinois Tool Works?

Illinois Tool Works is bigger by revenue: $16B in fiscal 2025, against $3.4B for Gates Industrial in fiscal 2025.

Which keeps more of its revenue as profit, Gates Industrial or Illinois Tool Works?

Gates Industrial had a net margin of 7.3% in fiscal 2025; Illinois Tool Works had 19.1% in fiscal 2025.

Which grew revenue faster, Gates Industrial or Illinois Tool Works?

In their latest fiscal years revenue changed by +1.0% at Gates Industrial and +0.9% at Illinois Tool Works.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies