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Side-by-side financial comparison of Gates Industrial Corp plc (GTES) and PennyMac Financial Services, Inc. (PFSI). Click either name above to swap in a different company.

Gates Industrial Corp plc is the larger business by last-quarter revenue ($851.1M vs $538.0M, roughly 1.6× PennyMac Financial Services, Inc.). PennyMac Financial Services, Inc. runs the higher net margin — 1752.5% vs 7.8%, a 1744.7% gap on every dollar of revenue. On growth, PennyMac Financial Services, Inc. posted the faster year-over-year revenue change (14.4% vs 1.1%). Over the past eight quarters, PennyMac Financial Services, Inc.'s revenue compounded faster (32.7% CAGR vs -2.0%).

Gates Industrial Corporation plc, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. The company employs over 15,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle East.

PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California. The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Pennymac operates through two subsidiaries: PennyMac Loan Services, LLC and PNMAC Capital Management, LLC. The latter manages the PennyMac Mortgage Investment Trust, a mortgage REIT.

GTES vs PFSI — Head-to-Head

Bigger by revenue
GTES
GTES
1.6× larger
GTES
$851.1M
$538.0M
PFSI
Growing faster (revenue YoY)
PFSI
PFSI
+13.3% gap
PFSI
14.4%
1.1%
GTES
Higher net margin
PFSI
PFSI
1744.7% more per $
PFSI
1752.5%
7.8%
GTES
Faster 2-yr revenue CAGR
PFSI
PFSI
Annualised
PFSI
32.7%
-2.0%
GTES

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GTES
GTES
PFSI
PFSI
Revenue
$851.1M
$538.0M
Net Profit
$66.2M
$106.8M
Gross Margin
39.7%
Operating Margin
25.0%
Net Margin
7.8%
1752.5%
Revenue YoY
1.1%
14.4%
Net Profit YoY
-3.7%
2.2%
EPS (diluted)
$1.97

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GTES
GTES
PFSI
PFSI
Q1 26
$851.1M
Q4 25
$856.2M
$538.0M
Q3 25
$855.7M
$632.9M
Q2 25
$883.7M
$444.7M
Q1 25
$847.6M
$430.9M
Q4 24
$829.4M
$470.1M
Q3 24
$830.7M
$411.8M
Q2 24
$885.5M
$406.1M
Net Profit
GTES
GTES
PFSI
PFSI
Q1 26
$66.2M
Q4 25
$51.3M
$106.8M
Q3 25
$81.6M
$181.5M
Q2 25
$56.5M
$136.5M
Q1 25
$62.0M
$76.3M
Q4 24
$36.6M
$104.5M
Q3 24
$47.6M
$69.4M
Q2 24
$70.7M
$98.3M
Gross Margin
GTES
GTES
PFSI
PFSI
Q1 26
39.7%
Q4 25
38.0%
Q3 25
39.9%
Q2 25
40.8%
Q1 25
40.7%
Q4 24
40.4%
Q3 24
40.4%
Q2 24
40.4%
Operating Margin
GTES
GTES
PFSI
PFSI
Q1 26
Q4 25
12.8%
25.0%
Q3 25
13.5%
37.3%
Q2 25
13.1%
17.2%
Q1 25
14.7%
24.2%
Q4 24
13.6%
27.5%
Q3 24
13.6%
22.8%
Q2 24
15.4%
33.0%
Net Margin
GTES
GTES
PFSI
PFSI
Q1 26
7.8%
Q4 25
6.0%
1752.5%
Q3 25
9.5%
28.7%
Q2 25
6.4%
30.7%
Q1 25
7.3%
17.7%
Q4 24
4.4%
2559.8%
Q3 24
5.7%
16.8%
Q2 24
8.0%
24.2%
EPS (diluted)
GTES
GTES
PFSI
PFSI
Q1 26
Q4 25
$0.19
$1.97
Q3 25
$0.31
$3.37
Q2 25
$0.22
$2.54
Q1 25
$0.24
$1.42
Q4 24
$0.15
$1.95
Q3 24
$0.18
$1.30
Q2 24
$0.26
$1.85

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTES
GTES
PFSI
PFSI
Cash + ST InvestmentsLiquidity on hand
$785.3M
$410.0M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$3.4B
$4.3B
Total Assets
$7.1B
$29.4B
Debt / EquityLower = less leverage
1.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTES
GTES
PFSI
PFSI
Q1 26
$785.3M
Q4 25
$812.1M
$410.0M
Q3 25
$689.4M
$62.2M
Q2 25
$719.7M
$462.3M
Q1 25
$640.2M
$443.4M
Q4 24
$682.0M
$420.6M
Q3 24
$574.4M
$667.9M
Q2 24
$579.7M
$188.8M
Total Debt
GTES
GTES
PFSI
PFSI
Q1 26
Q4 25
$2.2B
$6.2B
Q3 25
$2.2B
$6.2B
Q2 25
$2.3B
$5.6B
Q1 25
$2.3B
$5.8B
Q4 24
$2.4B
$5.3B
Q3 24
$2.4B
$4.9B
Q2 24
$2.3B
$4.9B
Stockholders' Equity
GTES
GTES
PFSI
PFSI
Q1 26
$3.4B
Q4 25
$3.3B
$4.3B
Q3 25
$3.4B
$4.2B
Q2 25
$3.3B
$4.0B
Q1 25
$3.1B
$3.9B
Q4 24
$3.0B
$3.8B
Q3 24
$3.1B
$3.7B
Q2 24
$3.2B
$3.7B
Total Assets
GTES
GTES
PFSI
PFSI
Q1 26
$7.1B
Q4 25
$7.2B
$29.4B
Q3 25
$7.1B
$25.4B
Q2 25
$7.2B
$24.2B
Q1 25
$6.9B
$23.9B
Q4 24
$6.8B
$26.1B
Q3 24
$7.1B
$22.9B
Q2 24
$7.0B
$21.6B
Debt / Equity
GTES
GTES
PFSI
PFSI
Q1 26
Q4 25
0.67×
1.45×
Q3 25
0.66×
1.48×
Q2 25
0.72×
1.38×
Q1 25
0.75×
1.48×
Q4 24
0.78×
1.37×
Q3 24
0.76×
1.32×
Q2 24
0.73×
1.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTES
GTES
PFSI
PFSI
Operating Cash FlowLast quarter
$30.2M
$-1.7B
Free Cash FlowOCF − Capex
$-1.7B
FCF MarginFCF / Revenue
-309.3%
Capex IntensityCapex / Revenue
0.3%
2.2%
Cash ConversionOCF / Net Profit
0.46×
-15.46×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTES
GTES
PFSI
PFSI
Q1 26
$30.2M
Q4 25
$269.8M
$-1.7B
Q3 25
$98.0M
$-697.4M
Q2 25
$103.0M
$-131.3M
Q1 25
$7.3M
$1.1B
Q4 24
$190.9M
$-4.5B
Q3 24
$115.9M
$-393.7M
Q2 24
$93.8M
$-1.1B
Free Cash Flow
GTES
GTES
PFSI
PFSI
Q1 26
Q4 25
$251.0M
$-1.7B
Q3 25
$80.5M
$-699.4M
Q2 25
$83.6M
$-132.6M
Q1 25
$-10.2M
$1.1B
Q4 24
$167.6M
$-4.5B
Q3 24
$94.0M
$-393.9M
Q2 24
$71.9M
$-1.1B
FCF Margin
GTES
GTES
PFSI
PFSI
Q1 26
Q4 25
29.3%
-309.3%
Q3 25
9.4%
-110.5%
Q2 25
9.5%
-29.8%
Q1 25
-1.2%
247.3%
Q4 24
20.2%
-964.7%
Q3 24
11.3%
-95.6%
Q2 24
8.1%
-269.2%
Capex Intensity
GTES
GTES
PFSI
PFSI
Q1 26
0.3%
Q4 25
2.2%
2.2%
Q3 25
2.0%
0.3%
Q2 25
2.2%
0.3%
Q1 25
2.1%
0.1%
Q4 24
2.8%
0.4%
Q3 24
2.6%
0.0%
Q2 24
2.5%
0.1%
Cash Conversion
GTES
GTES
PFSI
PFSI
Q1 26
0.46×
Q4 25
5.26×
-15.46×
Q3 25
1.20×
-3.84×
Q2 25
1.82×
-0.96×
Q1 25
0.12×
13.97×
Q4 24
5.22×
-43.39×
Q3 24
2.43×
-5.68×
Q2 24
1.33×
-11.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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