AGCO (AGCO) vs Gates Industrial (GTES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Gates Industrial (GTES) has outperformed AGCO (AGCO) over the past year, gaining 4.7% versus a loss of 0.9%. Over five years, GTES leads with a +66.6% price change compared with -15.7% for AGCO. AGCO is the larger company by market cap ($7.57 billion vs $6.77 billion), about 1.1 times the size, while Gates Industrial is growing revenue faster (+1.0% vs -13.5%).
On valuation, Gates Industrial trades at a lower forward P/E (13.9x vs 14.5x for AGCO). AGCO pays a dividend yielding 1.08%, while Gates Industrial does not currently pay one. Gates Industrial converts more of its revenue into profit, with a net margin of 7.3% versus 7.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AGCO | GTES |
|---|---|---|
| Share price | $108.13 | $26.74 |
| Market cap | $7.57B | $6.77B |
| 1-day change | -0.93% | -2.44% |
| YTD return | +3.65% | +24.55% |
| 1-year return | -0.89% | +4.70% |
| 5-year return | -15.73% | +66.63% |
| P/E ratio (TTM) | 14.96 | 18.96 |
| Forward P/E | 14.51 | 13.86 |
| EPS (TTM) | $7.23 | $1.41 |
| Dividend yield | 1.08% | 0.00% |
| Annual dividend | $1.17 | $0.00 |
| Revenue (latest FY) | $10.08B | $3.44B |
| Revenue growth (YoY) | -13.55% | +1.03% |
| Net income (latest FY) | $726.50M | $251.40M |
| Gross margin | 25.46% | 39.84% |
| Operating margin | 5.91% | 13.51% |
| Net margin | 7.21% | 7.30% |
| 52-week high | $143.78 | $30.34 |
| 52-week low | $98.22 | $20.88 |
| Distance from 52-week high | -24.79% | -11.87% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +15.35% | +24.35% |
| Average volume | 1.01M | 1.85M |
| Shares outstanding | 70.03M | 253.15M |
| Employees | 22,000 | 13,000 |
| Sector | Industrials | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Gates Industrial trades at a higher earnings multiple (19.0x vs 15.0x trailing P/E).
- AGCO offers a meaningfully higher dividend yield (1.08% vs 0.00%).
- Gates Industrial grew revenue faster in its latest fiscal year (+1.03% vs -13.55%).
About AGCO
AGCO stock →AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.
Industrials · Industrial Machinery/Components · 22,000 employees
About Gates Industrial
GTES stock →Gates Industrial Corporation Ltd. manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.
Industrials · Industrial Machinery/Components · 13,000 employees
AGCO vs GTES FAQ
Which is bigger, AGCO or Gates Industrial?
AGCO (AGCO) is larger, with a market capitalization of $7.57B compared with $6.77B for Gates Industrial (GTES).
Which stock has performed better over the past year, AGCO or GTES?
GTES returned +4.70% over the past 12 months, compared with -0.89% for AGCO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AGCO or GTES?
AGCO has the lower trailing P/E at 15.0, versus 19.0 for GTES. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AGCO or Gates Industrial?
AGCO pays a dividend yielding 1.08%, while Gates Industrial does not currently pay a regular dividend.
Are AGCO and Gates Industrial in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Industrials sector.