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Stocks Comparison

Gates Industrial vs Zebra Technologies: revenue, profit, margins and growth compared

Gates Industrial brought in $3.4B of revenue in fiscal 2025, Zebra Technologies $5.4B in fiscal 2025. Revenue changed by +1.0% at Gates Industrial and +8.3% at Zebra Technologies on the year before, so Zebra Technologies grew faster. Gates Industrial kept 7.3% of its revenue as net profit, Zebra Technologies 7.8%. Free cash flow was $404.9M at Gates Industrial and $831M at Zebra Technologies.

Side by side, latest fiscal year

GTESZBRA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.4B$5.4B
Revenue growth+1.0%+8.3%
Net income$251.4M$419M
Net margin7.3%7.8%
Free cash flow$404.9M$831M
Free cash flow margin11.8%15.4%
Earnings per share (diluted)$0.96$8.18
Cash$812.1M$125M
Debt$2.2B$2.5B
Price to earnings28.045.2
Market value$6.8B$17.5B
Dividend yieldn/an/a
Rank by revenue in sector#162 of 451 · Industrials#116 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: $3.4BZBRA FY2018: $4.2BZBRA FY2019: $4.5BZBRA FY2020: $4.4BZBRA FY2021: $5.6BZBRA FY2022: $5.8BZBRA FY2023: $4.6BZBRA FY2024: $5BZBRA FY2025: $5.4BFY18FY19FY20FY21FY22FY23FY24FY25
GTES $3.4BZBRA $5.4B
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: $251.4MZBRA FY2018: $421MZBRA FY2019: $544MZBRA FY2020: $504MZBRA FY2021: $837MZBRA FY2022: $463MZBRA FY2023: $296MZBRA FY2024: $528MZBRA FY2025: $419MFY18FY19FY20FY21FY22FY23FY24FY25
GTES $251.4MZBRA $419M
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%ZBRA FY2018: 10.0%ZBRA FY2019: 12.1%ZBRA FY2020: 11.3%ZBRA FY2021: 14.9%ZBRA FY2022: 8.0%ZBRA FY2023: 6.5%ZBRA FY2024: 10.6%ZBRA FY2025: 7.8%FY18FY19FY20FY21FY22FY23FY24FY25
GTES 7.3%ZBRA 7.8%
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%ZBRA FY2019: +6.3%ZBRA FY2020: -0.8%ZBRA FY2021: +26.5%ZBRA FY2022: +2.7%ZBRA FY2023: -20.7%ZBRA FY2024: +8.7%ZBRA FY2025: +8.3%FY19FY20FY21FY22FY23FY24FY25
GTES +1.0%ZBRA +8.3%
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: $404.9MZBRA FY2018: $721MZBRA FY2019: $624MZBRA FY2020: $895MZBRA FY2021: $1BZBRA FY2022: $413MZBRA FY2023: -$91MZBRA FY2024: $954MZBRA FY2025: $831MFY18FY19FY20FY21FY22FY23FY24FY25
GTES $404.9MZBRA $831M

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

Questions about Gates Industrial and Zebra Technologies

Which is bigger by revenue, Gates Industrial or Zebra Technologies?

Zebra Technologies is bigger by revenue: $5.4B in fiscal 2025, against $3.4B for Gates Industrial in fiscal 2025.

Which keeps more of its revenue as profit, Gates Industrial or Zebra Technologies?

Gates Industrial had a net margin of 7.3% in fiscal 2025; Zebra Technologies had 7.8% in fiscal 2025.

Which grew revenue faster, Gates Industrial or Zebra Technologies?

In their latest fiscal years revenue changed by +1.0% at Gates Industrial and +8.3% at Zebra Technologies.

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.

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