no it does not come with gears. Yes, the LSD has gears in it. So does any differential.... that's what makes it a differential. The ratio comes from the ring and pinion, and they are not included. BTW, the differential, from TRD is about $800, the stock unit is about the same IIRC, but the ring and pinion are around $800 as well...... and they get replaced in sets, not a ring seperate from a pinion.....