NASDAQ : GNTX
Gentex Corporation — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 20.26 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.27B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Gentex Corporation (GNTX) reported revenue of 2.62B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.62B | 2.53B | 2.31B | 2.30B | 1.92B | 1.73B |
| Cost of Revenue | 1.71B | 1.66B | 1.54B | 1.54B | 1.31B | 1.11B |
| Gross Profit | 913.37M | 869.61M | 771.09M | 762.63M | 609.81M | 619.71M |
| Selling, General & Admin | 191.66M | 174.04M | 119.16M | 112.54M | 106.50M | 92.16M |
| Research & Development | 205.71M | 203.26M | 181.48M | 154.36M | 133.31M | 117.76M |
| Operating Expenses | 397.37M | 377.30M | 300.63M | 266.90M | 239.81M | 209.93M |
| Operating Income | 516.00M | 492.31M | 470.46M | 495.73M | 370.01M | 409.78M |
| Interest & Investment Income | 13.40M | 13.50M | 4.80M | 3.59M | ||
| Other Non Operating Income (Expenses) | -25.24M | -11.44M | 1.35M | 1.74M | -3.37M | 1.91M |
| EBT Excluding Unusual Items | 490.76M | 480.86M | 485.21M | 510.97M | 371.44M | 415.28M |
| Merger & Restructuring Charges | -10.04M | -18.37M | -1.87M | |||
| Impairment of Goodwill | -3.66M | |||||
| Gain (Loss) on Sale of Investments | -1.43M | -1.43M | -2.27M | -5.98M | -1.71M | 1.07M |
| Asset Writedown | -5.80M | -5.20M | ||||
| Pretax Income | 473.49M | 461.06M | 472.21M | 504.98M | 369.72M | 416.35M |
| Income Tax Expense | 77.05M | 76.38M | 67.73M | 76.58M | 50.97M | 55.55M |
| Earnings From Continuing Operations | 396.44M | 384.68M | 404.49M | 428.40M | 318.76M | 360.80M |
| Minority Interest in Earnings | 228.68K | 159.29K | ||||
| Net Income | 396.67M | 384.84M | 404.49M | 428.40M | 318.76M | 360.80M |
| Preferred Dividends & Other Adjustments | 5.71M | 5.71M | 5.61M | 6.35M | 4.88M | 5.59M |
| Net Income to Common | 390.96M | 379.13M | 398.87M | 422.05M | 313.88M | 355.21M |
| Shares Outstanding (Basic) | 208.91M | 217.83M | 225.71M | 229.41M | 230.83M | 235.53M |
| Shares Outstanding (Diluted) | 208.92M | 217.85M | 226.02M | 229.72M | 231.22M | 236.60M |
| EPS (Basic) | 1.87 | 1.74 | 1.77 | 1.84 | 1.36 | 1.51 |
| EPS (Diluted) | 1.87 | 1.74 | 1.76 | 1.84 | 1.36 | 1.50 |
| Free Cash Flow | 458.04M | 353.54M | 353.57M | 191.77M | 293.33M | |
| Free Cash Flow Per Share | 2.10 | 1.56 | 1.54 | 0.83 | 1.24 | |
| Dividend Per Share | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Gross Margin | 34.88% | 34.31% | 33.33% | 33.17% | 31.78% | 35.80% |
| Operating Margin | 19.70% | 19.43% | 20.34% | 21.56% | 19.28% | 23.67% |
| Profit Margin | 14.93% | 14.96% | 17.24% | 18.36% | 16.36% | 20.52% |
| Free Cash Flow Margin | 18.07% | 15.28% | 15.38% | 9.99% | 16.94% | |
| EBITDA | 618.56M | 596.35M | 565.17M | 589.05M | 466.57M | 508.89M |
| EBITDA Margin | 23.62% | 23.53% | 24.43% | 25.62% | 24.31% | 29.40% |
| D&A For EBITDA | 102.55M | 104.04M | 94.71M | 93.32M | 96.57M | 99.11M |
| EBIT | 516.00M | 492.31M | 470.46M | 495.73M | 370.01M | 409.78M |
| EBIT Margin | 19.70% | 19.43% | 20.34% | 21.56% | 19.28% | 23.67% |
| Effective Tax Rate | 16.27% | 16.57% | 14.34% | 15.17% | 13.79% | 13.34% |
| Advertising Expenses | 8.00M | 4.50M | 3.40M | 3.30M | 1.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 136.44M | 145.65M | 233.32M | 226.44M | 214.75M | 262.31M |
| Short-Term Investments | 9.23M | 5.39M | 22.30M | 14.36M | 23.01M | 5.42M |
| Cash & Short-Term Investments | 145.67M | 151.03M | 255.62M | 240.79M | 237.76M | 267.74M |
| Receivables | 404.57M | 368.52M | 295.34M | 321.81M | 276.49M | 249.79M |
| Inventory | 550.09M | 516.25M | 436.50M | 402.47M | 404.36M | 316.27M |
| Prepaid Expenses | 92.63M | 49.86M | 32.66M | 26.04M | 39.18M | |
| Restricted Cash | 4.00M | |||||
| Total Current Assets | 1.18B | 1.13B | 1.04B | 997.74M | 948.65M | 872.98M |
| Property, Plant & Equipment | 775.71M | 790.94M | 728.48M | 652.88M | 550.03M | 464.12M |
| Long-Term Investments | 233.64M | 272.98M | 339.60M | 299.08M | 202.33M | 207.69M |
| Goodwill | 360.85M | 357.21M | 340.67M | 340.11M | 313.81M | 313.96M |
| Other Intangible Assets | 270.84M | 270.70M | 261.58M | 280.52M | 286.88M | 267.84M |
| Long-Term Deferred Tax Assets | 118.56M | 108.34M | 53.15M | 41.11M | 25.53M | 4.80M |
| Total Assets | 2.94B | 2.93B | 2.76B | 2.61B | 2.33B | 2.13B |
| Accounts Payable | 248.98M | 168.31M | 184.40M | 151.74M | 98.34M | |
| Accrued Expenses | 104.19M | 56.67M | 58.74M | 51.99M | 54.74M | |
| Short-Term Debt | 3.80M | |||||
| Current Portion of Leases | 3.87M | |||||
| Current Income Taxes Payable | 846.97K | 439.55K | 693.39K | 18.73M | 196.86K | |
| Other Current Liabilities | 404.43M | 25.85M | 27.26M | 27.77M | 28.10M | 28.37M |
| Total Current Liabilities | 404.43M | 387.54M | 252.69M | 271.61M | 250.55M | 181.66M |
| Long-Term Leases | 4.86M | |||||
| Long-Term Deferred Tax Liabilities | 1.21M | 908.92K | ||||
| Other Long-Term Liabilities | 50.95M | 44.35M | 36.03M | 27.31M | 10.88M | 11.75M |
| Total Liabilities | 456.58M | 437.66M | 288.72M | 298.92M | 261.44M | 193.40M |
| Common Stock | 2.48B | 12.93M | 13.63M | 13.89M | 14.05M | 14.19M |
| Additional Paid-In Capital | 1.01B | 1.01B | 968.25M | 917.50M | 879.41M | |
| Retained Earnings | 1.47B | 1.45B | 1.34B | 1.15B | 1.04B | |
| Comprehensive Income & Other | 267.75K | -6.41M | -6.56M | -14.14M | 1.93M | |
| Total Common Equity | 2.48B | 2.49B | 2.47B | 2.31B | 2.07B | 1.94B |
| Minority Interest | 3.10M | 4.15M | ||||
| Shareholders' Equity | 2.48B | 2.49B | 2.47B | 2.31B | 2.07B | 1.94B |
| Total Liabilities & Equity | 2.94B | 2.93B | 2.76B | 2.61B | 2.33B | 2.13B |
| Total Debt | 12.52M | |||||
| Net Cash (Debt) | 145.67M | 138.51M | 255.62M | 240.79M | 237.76M | 267.74M |
| Net Cash Per Share | 0.70 | 0.64 | 1.13 | 1.05 | 1.03 | 1.13 |
| Filing Date Shares Outstanding | 210.62M | 215.40M | 227.20M | 231.49M | 234.18M | 236.42M |
| Total Common Shares Outstanding | 210.62M | 215.45M | 227.21M | 231.46M | 234.17M | 236.44M |
| Working Capital | 776.46M | 740.89M | 784.64M | 726.13M | 698.10M | 691.32M |
| Book Value Per Share | 11.79 | 11.55 | 10.86 | 9.99 | 8.82 | 8.20 |
| Tangible Book Value | 1.85B | 1.86B | 1.87B | 1.69B | 1.47B | 1.36B |
| Tangible Book Value Per Share | 8.79 | 8.63 | 8.21 | 7.31 | 6.26 | 5.74 |
| Land | 591.49M | 531.26M | 472.11M | 376.93M | 363.65M | |
| Machinery | 1.24B | 1.07B | 1.01B | 935.85M | 883.24M | |
| Construction In Progress | 83.05M | 177.91M | 158.33M | 165.57M | 77.59M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 384.84M | 404.49M | 428.40M | 318.76M | 360.80M | |
| Depreciation & Amortization | 104.04M | 94.71M | 93.32M | 96.57M | 99.11M | |
| Loss (Gain) From Sale of Assets | -2.89M | -1.20M | 87.83K | -42.31K | -257.82K | |
| Asset Writedown & Restructuring Costs | 8.86M | |||||
| Loss (Gain) From Sale of Investments | 18.52M | 4.63M | 5.98M | 1.71M | -1.07M | |
| Stock-Based Compensation | 36.65M | 39.54M | 39.20M | 30.23M | 27.42M | |
| Provision & Write-off of Bad Debts | 7.45M | |||||
| Other Operating Activities | -15.94M | -12.42M | -17.74M | -17.78M | -41.69M | |
| Change in Accounts Receivable | -14.62M | 27.11M | -45.25M | -26.70M | 35.14M | |
| Change in Inventory | 18.14M | -32.62M | 2.13M | -88.09M | -89.98M | |
| Change in Accounts Payable | 52.40M | -26.02M | 40.95M | 37.42M | 7.27M | |
| Change in Other Net Operating Assets | -1.47M | -8.85M | -9.84M | -13.88M | -34.56M | |
| Operating Cash Flow | 587.13M | 498.21M | 537.25M | 338.20M | 362.17M | |
| Capital Expenditures | -129.09M | -144.67M | -183.68M | -146.43M | -68.84M | |
| Sale of Property, Plant & Equipment | 8.41M | 3.31M | 292.72K | 313.92K | 2.58M | |
| Cash Acquisitions | -156.29M | -2.87M | -18.94M | -12.07M | ||
| Investment in Securities | 28.18M | -51.29M | -92.64M | -23.01M | -29.28M | |
| Other Investing Activities | -18.10M | -6.56M | -4.45M | -3.61M | -5.50M | |
| Investing Cash Flow | -266.90M | -202.08M | -299.42M | -172.74M | -113.11M | |
| Issuance of Common Stock | 14.46M | 27.30M | 29.40M | 16.60M | 29.81M | |
| Repurchase of Common Stock | -315.50M | -206.11M | -147.40M | -112.53M | -324.64M | |
| Common Dividends Paid | -106.86M | -110.44M | -112.15M | -113.09M | -115.29M | |
| Financing Cash Flow | -407.90M | -289.25M | -230.15M | -209.02M | -410.12M | |
| Net Cash Flow | -87.67M | 6.88M | 7.68M | -43.56M | -161.06M | |
| Free Cash Flow | 458.04M | 353.54M | 353.57M | 191.77M | 293.33M | |
| Free Cash Flow Margin | 18.07% | 15.28% | 15.38% | 9.99% | 16.94% | |
| Free Cash Flow Per Share | 2.10 | 1.56 | 1.54 | 0.83 | 1.24 | |
| Levered Free Cash Flow | 250.78M | 239.95M | 233.67M | 174.86M | 241.29M | |
| Unlevered Free Cash Flow | 250.78M | 239.95M | 233.67M | 174.86M | 241.29M | |
| Cash Income Tax Paid | 78.70M | 86.20M | 110.30M | 35.20M | 105.80M | |
| Change in Working Capital | 54.46M | -40.39M | -12.01M | -91.25M | -82.14M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.19B | 5.09B | 6.53B | 7.62B | 6.40B | 8.24B |
| Enterprise Value | 4.04B | 4.93B | 6.34B | 7.34B | 6.16B | 7.97B |
| Last Close Price | 19.87 | 22.78 | 27.58 | 30.88 | 25.37 | 31.87 |
| PE Ratio | 10.62 | 13.44 | 16.38 | 18.05 | 20.38 | 23.21 |
| Forward PE | 10.05 | 12.18 | 14.48 | 16.22 | 16.20 | 19.69 |
| PS Ratio | 1.60 | 2.01 | 2.83 | 3.31 | 3.33 | 4.76 |
| PB Ratio | 1.68 | 2.04 | 2.64 | 3.29 | 3.10 | 4.25 |
| P/TBV Ratio | 2.26 | 2.74 | 3.50 | 4.50 | 4.37 | 6.08 |
| P/FCF Ratio | 8.43 | 11.12 | 18.48 | 21.55 | 33.36 | 28.10 |
| P/OCF Ratio | 7.05 | 8.68 | 13.12 | 14.18 | 18.91 | 22.76 |
| PEG Ratio | 0.76 | 1.17 | 0.95 | 0.78 | 0.98 | 1.29 |
| EV/Sales Ratio | 1.54 | 1.94 | 2.74 | 3.19 | 3.21 | 4.60 |
| EV/EBITDA Ratio | 6.53 | 8.26 | 11.22 | 12.47 | 13.20 | 15.66 |
| EV/EBIT Ratio | 7.83 | 10.01 | 13.47 | 14.81 | 16.65 | 19.44 |
| EV/FCF Ratio | 8.14 | 10.76 | 17.93 | 20.77 | 32.12 | 27.16 |
| Debt / Equity Ratio | 0.01 | |||||
| Debt / EBITDA Ratio | 0.02 | |||||
| Debt / FCF Ratio | 0.03 | |||||
| Net Debt / Equity Ratio | -0.06 | -0.06 | -0.10 | -0.10 | -0.12 | -0.14 |
| Net Debt / EBITDA Ratio | -0.23 | -0.23 | -0.45 | -0.41 | -0.51 | -0.53 |
| Net Debt / FCF Ratio | -0.30 | -0.72 | -0.68 | -1.24 | -0.91 | |
| Asset Turnover | 0.89 | 0.89 | 0.86 | 0.93 | 0.86 | 0.80 |
| Inventory Turnover | 3.25 | 3.49 | 3.68 | 3.81 | 3.63 | 4.10 |
| Quick Ratio | 1.36 | 1.34 | 2.18 | 2.07 | 2.05 | 2.85 |
| Current Ratio | 2.92 | 2.91 | 4.11 | 3.67 | 3.79 | 4.81 |
| Return on Equity (ROE) | 15.92% | 15.50% | 16.91% | 19.57% | 15.92% | 18.49% |
| Return on Assets (ROA) | 10.97% | 10.82% | 10.95% | 12.55% | 10.37% | 11.83% |
| Return on Invested Capital (ROIC) | 18.59% | 17.98% | 18.80% | 21.57% | 18.24% | 22.31% |
| Return on Capital Employed (ROCE) | 20.30% | 19.40% | 18.80% | 21.20% | 17.80% | 21.00% |
| Earnings Yield | 9.42% | 7.55% | 6.19% | 5.62% | 4.98% | 4.38% |
| FCF Yield | 11.86% | 8.99% | 5.41% | 4.64% | 3.00% | 3.56% |
| Dividend Yield | 2.42% | 2.03% | 1.67% | 1.46% | 1.76% | 1.38% |
| Payout Ratio | 25.65% | 27.77% | 27.30% | 26.18% | 35.48% | 31.95% |
| Buyback Yield / Dilution | 5.23% | 3.62% | 1.61% | 0.65% | 2.28% | 2.90% |
| Total Shareholder Return | 7.65% | 5.65% | 3.28% | 2.11% | 4.03% | 4.28% |