GTES vs. THR

Last updated Apr 1, 2026

Compare and contrast key facts about Gates Industrial Corporation plc (GTES) and Thermon Group Holdings, Inc. (THR).

Performance

GTES vs. THR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gates Industrial Corporation plc (GTES) and Thermon Group Holdings, Inc. (THR). The values are adjusted to include any dividend payments, if applicable.

GTES vs. THR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTES Gates Industrial Corporation plc	5.31%	4.38%	53.28%	17.62%	-28.28%	24.69%	-7.27%	3.93%	-28.43%
THR Thermon Group Holdings, Inc.	35.63%	29.16%	-11.67%	62.20%	18.61%	8.32%	-41.68%	32.15%	-15.29%

Fundamentals

Market Cap GTES : $5.86B THR : $1.66B
EPS GTES : $0.97 THR : $1.77
PE Ratio GTES : 23.22 THR : 28.44
PEG Ratio GTES : 20.18 THR : 0.05
PS Ratio GTES : 1.70 THR : 3.20
PB Ratio GTES : 1.76 THR : 3.09
Total Revenue (TTM) GTES : $3.44B THR : $522.01M
Gross Profit (TTM) GTES : $1.37B THR : $237.20M
EBITDA (TTM) GTES : $694.00M THR : $78.32M

Returns By Period

In the year-to-date period, GTES achieves a 5.31% return, which is significantly lower than THR's 35.63% return.

GTES

• 1D: 7.46%
• 1M: -17.99%
• YTD: 5.31%
• 6M: -8.90%
• 1Y: 22.81%
• 3Y*: 17.63%
• 5Y*: 6.70%
• 10Y*: —

THR

• 1D: 2.88%
• 1M: -0.75%
• YTD: 35.63%
• 6M: 88.62%
• 1Y: 80.97%
• 3Y*: 26.46%
• 5Y*: 21.11%
• 10Y*: 11.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GTES vs. THR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTES

GTES Risk / Return Rank: 60
GTES Sharpe Ratio Rank: 62
GTES Sortino Ratio Rank: 57
GTES Omega Ratio Rank: 57
GTES Calmar Ratio Rank: 62
GTES Martin Ratio Rank: 63

THR

THR Risk / Return Rank: 87
THR Sharpe Ratio Rank: 90
THR Sortino Ratio Rank: 86
THR Omega Ratio Rank: 84
THR Calmar Ratio Rank: 89
THR Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTES vs. THR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gates Industrial Corporation plc (GTES) and Thermon Group Holdings, Inc. (THR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GTES	THR	Difference
Sharpe ratio Return per unit of total volatility	0.56	1.95	-1.39
Sortino ratio Return per unit of downside risk	1.04	2.46	-1.42
Omega ratio Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio Return relative to maximum drawdown	0.91	3.69	-2.78
Martin ratio Return relative to average drawdown	2.28	8.04	-5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTES vs. THR - Sharpe Ratio Comparison

The current GTES Sharpe Ratio is 0.56, which is lower than the THR Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of GTES and THR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GTES	THR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.95	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.60	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.27	-0.21

Correlation

The correlation between GTES and THR is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GTES vs. THR - Dividend Comparison

Neither GTES nor THR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GTES vs. THR - Drawdown Comparison

The maximum GTES drawdown since its inception was -70.06%, which is greater than THR's maximum drawdown of -65.24%. Use the drawdown chart below to compare losses from any high point for GTES and THR.

Drawdown Indicators

	GTES	THR	Difference
Max Drawdown Largest peak-to-trough decline	-70.06%	-65.24%	-4.82%
Max Drawdown (1Y) Largest decline over 1 year	-24.99%	-21.01%	-3.98%
Max Drawdown (5Y) Largest decline over 5 years	-48.40%	-33.86%	-14.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.47%	—
Current Drawdown Current decline from peak	-19.39%	-5.88%	-13.51%
Average Drawdown Average peak-to-trough decline	-27.16%	-22.27%	-4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.97%	9.64%	+0.33%

Volatility

GTES vs. THR - Volatility Comparison

Gates Industrial Corporation plc (GTES) and Thermon Group Holdings, Inc. (THR) have volatilities of 14.92% and 14.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTES	THR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.92%	14.53%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	28.62%	29.07%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	40.61%	41.72%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.75%	35.43%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.30%	38.45%	+1.85%

Financials

GTES vs. THR - Profitability Comparison

The chart below illustrates the profitability comparison between Gates Industrial Corporation plc and Thermon Group Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GTES - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Gates Industrial Corporation plc reported a gross profit of 325.30M and revenue of 856.20M. Therefore, the gross margin over that period was 38.0%.

THR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Thermon Group Holdings, Inc. reported a gross profit of 68.65M and revenue of 147.31M. Therefore, the gross margin over that period was 46.6%.

GTES - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Gates Industrial Corporation plc reported an operating income of 109.40M and revenue of 856.20M, resulting in an operating margin of 12.8%.

THR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Thermon Group Holdings, Inc. reported an operating income of 26.65M and revenue of 147.31M, resulting in an operating margin of 18.1%.

GTES - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Gates Industrial Corporation plc reported a net income of 51.30M and revenue of 856.20M, resulting in a net margin of 6.0%.

THR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Thermon Group Holdings, Inc. reported a net income of 18.29M and revenue of 147.31M, resulting in a net margin of 12.4%.