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Side-by-side financial comparison of Gates Industrial Corp plc (GTES) and SiriusPoint Ltd (SPNT). Click either name above to swap in a different company.

SiriusPoint Ltd is the larger business by last-quarter revenue ($973.7M vs $851.1M, roughly 1.1× Gates Industrial Corp plc). SiriusPoint Ltd runs the higher net margin — 25.1% vs 7.8%, a 17.3% gap on every dollar of revenue. On growth, SiriusPoint Ltd posted the faster year-over-year revenue change (58.9% vs 1.1%). Over the past eight quarters, SiriusPoint Ltd's revenue compounded faster (19.2% 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.

SiriusPoint Ltd is a global specialty insurance and reinsurance provider based in Pembroke, Bermuda. It offers property, casualty, specialty line coverages and alternative capital solutions, serving commercial clients and risk carriers across North America, Europe, Asia Pacific and other key markets, focusing on rigorous underwriting and stable risk-adjusted returns.

GTES vs SPNT — Head-to-Head

Bigger by revenue
SPNT
SPNT
1.1× larger
SPNT
$973.7M
$851.1M
GTES
Growing faster (revenue YoY)
SPNT
SPNT
+57.8% gap
SPNT
58.9%
1.1%
GTES
Higher net margin
SPNT
SPNT
17.3% more per $
SPNT
25.1%
7.8%
GTES
Faster 2-yr revenue CAGR
SPNT
SPNT
Annualised
SPNT
19.2%
-2.0%
GTES

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GTES
GTES
SPNT
SPNT
Revenue
$851.1M
$973.7M
Net Profit
$66.2M
$244.1M
Gross Margin
39.7%
Operating Margin
28.8%
Net Margin
7.8%
25.1%
Revenue YoY
1.1%
58.9%
Net Profit YoY
-3.7%
1535.9%
EPS (diluted)
$1.92

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
SPNT
SPNT
Q1 26
$851.1M
Q4 25
$856.2M
$973.7M
Q3 25
$855.7M
$755.9M
Q2 25
$883.7M
$748.2M
Q1 25
$847.6M
$727.3M
Q4 24
$829.4M
$612.8M
Q3 24
$830.7M
$562.2M
Q2 24
$885.5M
$743.3M
Net Profit
GTES
GTES
SPNT
SPNT
Q1 26
$66.2M
Q4 25
$51.3M
$244.1M
Q3 25
$81.6M
$90.8M
Q2 25
$56.5M
$63.2M
Q1 25
$62.0M
$61.6M
Q4 24
$36.6M
$-17.0M
Q3 24
$47.6M
$8.5M
Q2 24
$70.7M
$113.9M
Gross Margin
GTES
GTES
SPNT
SPNT
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
SPNT
SPNT
Q1 26
Q4 25
12.8%
28.8%
Q3 25
13.5%
14.7%
Q2 25
13.1%
10.0%
Q1 25
14.7%
10.4%
Q4 24
13.6%
-2.1%
Q3 24
13.6%
2.0%
Q2 24
15.4%
17.4%
Net Margin
GTES
GTES
SPNT
SPNT
Q1 26
7.8%
Q4 25
6.0%
25.1%
Q3 25
9.5%
12.0%
Q2 25
6.4%
8.4%
Q1 25
7.3%
8.5%
Q4 24
4.4%
-2.8%
Q3 24
5.7%
1.5%
Q2 24
8.0%
15.3%
EPS (diluted)
GTES
GTES
SPNT
SPNT
Q1 26
Q4 25
$0.19
$1.92
Q3 25
$0.31
$0.73
Q2 25
$0.22
$0.50
Q1 25
$0.24
$0.49
Q4 24
$0.15
$-0.05
Q3 24
$0.18
$0.03
Q2 24
$0.26
$0.57

Balance Sheet & Financial Strength

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

Metric
GTES
GTES
SPNT
SPNT
Cash + ST InvestmentsLiquidity on hand
$785.3M
$731.2M
Total DebtLower is stronger
$688.6M
Stockholders' EquityBook value
$3.4B
$2.5B
Total Assets
$7.1B
$12.6B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTES
GTES
SPNT
SPNT
Q1 26
$785.3M
Q4 25
$812.1M
$731.2M
Q3 25
$689.4M
$582.4M
Q2 25
$719.7M
$732.4M
Q1 25
$640.2M
$740.3M
Q4 24
$682.0M
$682.0M
Q3 24
$574.4M
$640.7M
Q2 24
$579.7M
$598.1M
Total Debt
GTES
GTES
SPNT
SPNT
Q1 26
Q4 25
$2.2B
$688.6M
Q3 25
$2.2B
$682.5M
Q2 25
$2.3B
$678.4M
Q1 25
$2.3B
$663.5M
Q4 24
$2.4B
$639.1M
Q3 24
$2.4B
$660.5M
Q2 24
$2.3B
$648.6M
Stockholders' Equity
GTES
GTES
SPNT
SPNT
Q1 26
$3.4B
Q4 25
$3.3B
$2.5B
Q3 25
$3.4B
$2.2B
Q2 25
$3.3B
$2.1B
Q1 25
$3.1B
$2.0B
Q4 24
$3.0B
$1.9B
Q3 24
$3.1B
$2.7B
Q2 24
$3.2B
$2.7B
Total Assets
GTES
GTES
SPNT
SPNT
Q1 26
$7.1B
Q4 25
$7.2B
$12.6B
Q3 25
$7.1B
$12.5B
Q2 25
$7.2B
$12.4B
Q1 25
$6.9B
$12.3B
Q4 24
$6.8B
$12.5B
Q3 24
$7.1B
$12.7B
Q2 24
$7.0B
$12.8B
Debt / Equity
GTES
GTES
SPNT
SPNT
Q1 26
Q4 25
0.67×
0.28×
Q3 25
0.66×
0.31×
Q2 25
0.72×
0.32×
Q1 25
0.75×
0.33×
Q4 24
0.78×
0.33×
Q3 24
0.76×
0.25×
Q2 24
0.73×
0.24×

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
SPNT
SPNT
Operating Cash FlowLast quarter
$30.2M
$-26.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.46×
-0.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTES
GTES
SPNT
SPNT
Q1 26
$30.2M
Q4 25
$269.8M
$-26.4M
Q3 25
$98.0M
$155.6M
Q2 25
$103.0M
$62.1M
Q1 25
$7.3M
$-88.9M
Q4 24
$190.9M
$107.7M
Q3 24
$115.9M
$58.1M
Q2 24
$93.8M
$-149.9M
Free Cash Flow
GTES
GTES
SPNT
SPNT
Q1 26
Q4 25
$251.0M
Q3 25
$80.5M
Q2 25
$83.6M
Q1 25
$-10.2M
Q4 24
$167.6M
Q3 24
$94.0M
Q2 24
$71.9M
FCF Margin
GTES
GTES
SPNT
SPNT
Q1 26
Q4 25
29.3%
Q3 25
9.4%
Q2 25
9.5%
Q1 25
-1.2%
Q4 24
20.2%
Q3 24
11.3%
Q2 24
8.1%
Capex Intensity
GTES
GTES
SPNT
SPNT
Q1 26
0.3%
Q4 25
2.2%
Q3 25
2.0%
Q2 25
2.2%
Q1 25
2.1%
Q4 24
2.8%
Q3 24
2.6%
Q2 24
2.5%
Cash Conversion
GTES
GTES
SPNT
SPNT
Q1 26
0.46×
Q4 25
5.26×
-0.11×
Q3 25
1.20×
1.71×
Q2 25
1.82×
0.98×
Q1 25
0.12×
-1.44×
Q4 24
5.22×
Q3 24
2.43×
6.84×
Q2 24
1.33×
-1.32×

Financial Flow Comparison

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

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