The work described in this paper is an evaluation of the contact characteristics of bi-metallic gears forged through a novel bi-metallic gear forging process. Finite element analysis of the contact characteristics of single material gears was first performed to validate the tooth contact and tooth root stresses with empirical American Gear Manufacturers Association and British Standard standards. Having verified the validity of the model, simulations were performed for gears comprising lightweight cores with teeth bounded by steel bands of uniform thicknesses, 1 mm, 2 mm, 4 mm, and 6 mm to evaluate the differences in stress distribution and compare to single material gear teeth. The forged profiles obtained experimentally by utilising 2 mm, 4 mm, and 6 mm thickness bands via the bi-metallic gear forging process are also discussed. The uniform thickness model is subsequently adapted to incorporate the experimental forged profiles in order to estimate the contact stress, root stress, and stress distribution within the teeth to identify performance differences between bi-metallic forged gears and traditional single material gears.