NASDAQ : THRM
Gentherm Incorporated — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 30.95 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.63B
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Financial statements
Gentherm Incorporated (THRM) reported revenue of 1.60B 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 | 1.60B | 1.50B | 1.46B | 1.47B | 1.20B | 1.05B |
| Cost of Revenue | 1.22B | 1.14B | 1.09B | 1.12B | 931.01M | 742.52M |
| Gross Profit | 378.76M | 362.18M | 366.43M | 351.62M | 273.65M | 303.63M |
| Selling, General & Admin | 169.45M | 163.44M | 155.11M | 155.58M | 132.69M | 109.55M |
| Research & Development | 95.04M | 94.76M | 88.70M | 94.36M | 85.72M | 75.21M |
| Operating Expenses | 264.49M | 258.20M | 243.81M | 249.94M | 218.41M | 184.77M |
| Operating Income | 114.27M | 103.97M | 122.63M | 101.69M | 55.23M | 118.86M |
| Interest Expense | -12.65M | -13.81M | -15.30M | -14.64M | -4.29M | -2.76M |
| Earnings From Equity Investments | -4.64M | -4.64M | 1.10M | -3.00M | ||
| Currency Exchange Gain (Loss) | -2.13M | -28.41M | 9.60M | -5.92M | -6.78M | 1.49M |
| Other Non Operating Income (Expenses) | 129.00K | -1.00K | -146.00K | 1.08M | 1.15M | 117.00K |
| EBT Excluding Unusual Items | 94.98M | 57.11M | 117.88M | 79.20M | 45.31M | 117.71M |
| Merger & Restructuring Charges | -60.16M | -19.08M | -13.11M | -4.74M | -637.00K | -3.86M |
| Impairment of Goodwill | -19.51M | |||||
| Gain (Loss) on Sale of Assets | -2.20M | |||||
| Asset Writedown | -2.50M | -6.29M | ||||
| Pretax Income | 36.11M | 35.84M | 102.27M | 54.95M | 38.38M | 113.85M |
| Income Tax Expense | 27.08M | 17.55M | 37.32M | 14.61M | 13.94M | 20.42M |
| Net Income | 9.04M | 18.29M | 64.95M | 40.34M | 24.44M | 93.43M |
| Net Income to Common | 9.04M | 18.29M | 64.95M | 40.34M | 24.44M | 93.43M |
| Shares Outstanding (Basic) | 30.58M | 30.59M | 31.29M | 32.78M | 33.13M | 33.09M |
| Shares Outstanding (Diluted) | 31.14M | 30.93M | 31.48M | 33.07M | 33.50M | 33.51M |
| EPS (Basic) | 0.30 | 0.60 | 2.08 | 1.23 | 0.74 | 2.82 |
| EPS (Diluted) | 0.28 | 0.59 | 2.06 | 1.22 | 0.73 | 2.79 |
| Free Cash Flow | 20.12M | 61.12M | 36.33M | 81.66M | -24.76M | 104.61M |
| Free Cash Flow Per Share | 0.65 | 1.98 | 1.15 | 2.47 | -0.74 | 3.12 |
| Gross Margin | 23.71% | 24.17% | 25.16% | 23.94% | 22.72% | 29.02% |
| Operating Margin | 7.15% | 6.94% | 8.42% | 6.92% | 4.58% | 11.36% |
| Profit Margin | 0.56% | 1.22% | 4.46% | 2.75% | 2.03% | 8.93% |
| Free Cash Flow Margin | 1.26% | 4.08% | 2.50% | 5.56% | -2.05% | 10.00% |
| EBITDA | 172.37M | 157.35M | 175.60M | 152.63M | 99.63M | 157.64M |
| EBITDA Margin | 10.79% | 10.50% | 12.06% | 10.39% | 8.27% | 15.07% |
| D&A For EBITDA | 58.10M | 53.38M | 52.98M | 50.95M | 44.39M | 38.78M |
| EBIT | 114.27M | 103.97M | 122.63M | 101.69M | 55.23M | 118.86M |
| EBIT Margin | 7.15% | 6.94% | 8.42% | 6.92% | 4.58% | 11.36% |
| Effective Tax Rate | 74.98% | 48.97% | 36.49% | 26.59% | 36.32% | 17.93% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 252.10M | 160.83M | 134.13M | 149.67M | 153.89M | 190.61M |
| Trading Asset Securities | 719.00K | 2.06M | 2.77M | |||
| Cash & Short-Term Investments | 252.10M | 160.83M | 134.85M | 151.74M | 156.66M | 190.61M |
| Accounts Receivable | 352.27M | 304.64M | 278.96M | 274.88M | 267.89M | 186.76M |
| Other Receivables | 15.24M | 23.83M | 20.61M | 16.02M | 15.04M | 10.68M |
| Receivables | 383.99M | 341.95M | 310.76M | 309.12M | 295.06M | 210.48M |
| Inventory | 263.49M | 252.70M | 227.36M | 205.89M | 218.25M | 159.48M |
| Prepaid Expenses | 12.25M | 9.21M | 6.30M | 7.89M | 6.24M | 3.41M |
| Other Current Assets | 15.65M | 12.25M | 4.74M | 12.93M | 7.66M | 1.88M |
| Total Current Assets | 927.48M | 776.95M | 684.01M | 687.56M | 683.87M | 565.85M |
| Property, Plant & Equipment | 312.24M | 327.14M | 296.92M | 272.59M | 274.43M | 179.66M |
| Long-Term Investments | 5.20M | |||||
| Goodwill | 122.26M | 108.92M | 99.60M | 104.07M | 119.77M | 66.03M |
| Other Intangible Assets | 63.77M | 52.70M | 57.08M | 66.48M | 73.93M | 37.55M |
| Long-Term Deferred Tax Assets | 93.85M | 93.55M | 75.04M | 81.93M | 69.84M | 69.63M |
| Long-Term Deferred Charges | 92.00K | 98.00K | 170.00K | 7.30M | 2.24M | 1.95M |
| Other Long-Term Assets | 42.62M | 37.08M | 34.72M | 14.43M | 15.22M | 9.48M |
| Total Assets | 1.56B | 1.40B | 1.25B | 1.23B | 1.24B | 935.34M |
| Accounts Payable | 298.18M | 260.49M | 226.81M | 215.83M | 182.22M | 122.73M |
| Accrued Expenses | 77.34M | 72.31M | 62.78M | 66.09M | 58.67M | 56.16M |
| Current Portion of Long-Term Debt | 574.00K | 621.00K | 2.44M | 2.50M | ||
| Current Portion of Leases | 8.18M | 9.72M | 7.65M | 7.70M | 7.14M | 5.67M |
| Current Income Taxes Payable | 21.16M | 31.17M | 26.39M | 19.33M | 14.46M | 17.07M |
| Other Current Liabilities | 46.50M | 30.62M | 16.66M | 15.39M | 20.68M | 8.96M |
| Total Current Liabilities | 451.94M | 404.31M | 340.29M | 324.95M | 285.62M | 213.09M |
| Long-Term Debt | 306.43M | 189.00M | 220.00M | 221.61M | 231.57M | 36.25M |
| Long-Term Leases | 55.57M | 48.10M | 37.12M | 16.78M | 21.62M | 19.79M |
| Pension & Post-Retirement Benefits | 3.28M | 3.75M | 4.02M | 3.21M | 3.64M | 6.83M |
| Other Long-Term Liabilities | 23.76M | 30.94M | 29.18M | 23.09M | 24.57M | 5.58M |
| Total Liabilities | 840.98M | 676.11M | 630.61M | 589.65M | 567.03M | 281.54M |
| Common Stock | 13.44M | 5.61M | 2.05M | 50.50M | 122.66M | 118.65M |
| Additional Paid-In Capital | 1.59M | 1.59M | 4.29M | 5.45M | 5.87M | |
| Retained Earnings | 720.13M | 714.09M | 695.80M | 624.38M | 590.66M | 566.22M |
| Comprehensive Income & Other | -13.85M | -964.00K | -85.19M | -30.16M | -46.49M | -36.92M |
| Shareholders' Equity | 721.32M | 720.32M | 616.95M | 644.72M | 672.27M | 653.81M |
| Total Liabilities & Equity | 1.56B | 1.40B | 1.25B | 1.23B | 1.24B | 935.34M |
| Total Debt | 370.76M | 246.82M | 264.77M | 246.71M | 262.78M | 64.21M |
| Net Cash (Debt) | -118.66M | -85.99M | -129.92M | -94.98M | -106.11M | 126.40M |
| Net Cash Per Share | -3.81 | -2.78 | -4.13 | -2.87 | -3.17 | 3.77 |
| Filing Date Shares Outstanding | 52.50M | 30.53M | 30.79M | 31.54M | 33.21M | 33.02M |
| Total Common Shares Outstanding | 30.71M | 30.53M | 30.79M | 31.54M | 33.20M | 33.01M |
| Working Capital | 475.54M | 372.64M | 343.72M | 362.61M | 398.24M | 352.76M |
| Book Value Per Share | 23.49 | 23.60 | 20.04 | 20.44 | 20.25 | 19.81 |
| Tangible Book Value | 535.29M | 558.71M | 460.26M | 474.17M | 478.57M | 550.22M |
| Tangible Book Value Per Share | 17.43 | 18.30 | 14.95 | 15.03 | 14.41 | 16.67 |
| Buildings | 124.90M | 117.95M | 130.37M | 123.71M | 100.79M | |
| Machinery | 358.71M | 298.34M | 264.31M | 239.18M | 180.64M | |
| Construction In Progress | 23.51M | 36.85M | 27.46M | 29.02M | 14.51M | |
| Leasehold Improvements | 26.14M | 23.26M | 12.27M | 12.27M | 11.45M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.04M | 18.29M | 64.95M | 40.34M | 24.44M | 93.43M |
| Depreciation & Amortization | 58.10M | 53.38M | 52.98M | 50.95M | 44.39M | 38.78M |
| Loss (Gain) From Sale of Assets | 475.00K | 3.02M | -1.60M | 721.00K | 771.00K | 973.00K |
| Asset Writedown & Restructuring Costs | 2.50M | 19.51M | 6.29M | |||
| Stock-Based Compensation | 12.10M | 12.30M | 10.43M | 11.63M | 6.60M | 14.53M |
| Other Operating Activities | -10.63M | 19.21M | 15.86M | -3.29M | 9.32M | 2.08M |
| Change in Accounts Receivable | -32.23M | -9.30M | -12.08M | -4.20M | -44.22M | 25.10M |
| Change in Inventory | -23.63M | -21.63M | -34.20M | 6.91M | -40.32M | -42.37M |
| Change in Accounts Payable | 37.35M | 27.56M | 16.22M | 31.03M | 28.31M | 8.17M |
| Change in Other Net Operating Assets | 14.40M | 13.96M | -5.42M | -34.34M | -20.64M | 2.39M |
| Operating Cash Flow | 64.98M | 116.79M | 109.65M | 119.27M | 14.95M | 143.08M |
| Capital Expenditures | -44.85M | -55.67M | -73.31M | -37.60M | -39.70M | -38.47M |
| Sale of Property, Plant & Equipment | 83.00K | 3.77M | 7.86M | 391.00K | 248.00K | 22.00K |
| Cash Acquisitions | -34.15M | -205.49M | -2.83M | |||
| Sale (Purchase) of Intangibles | -446.00K | -1.24M | -955.00K | -815.00K | -495.00K | -7.56M |
| Other Investing Activities | 1.00K | 745.00K | 12.88M | 13.90M | 5.54M | |
| Investing Cash Flow | -79.37M | -52.40M | -53.53M | -24.12M | -239.90M | -48.83M |
| Long-Term Debt Issued | 112.00M | 68.00M | 60.00M | 207.00M | ||
| Long-Term Debt Repaid | -143.15M | -70.61M | -72.28M | -13.27M | -153.24M | |
| Net Debt Issued (Repaid) | 115.31M | -31.15M | -2.62M | -12.28M | 193.73M | -153.24M |
| Issuance of Common Stock | 5.79M | 263.00K | 1.67M | 8.28M | ||
| Repurchase of Common Stock | -2.55M | -11.33M | -54.88M | -94.03M | -5.47M | -24.11M |
| Other Financing Activities | -69.00K | |||||
| Financing Cash Flow | 112.76M | -42.48M | -51.70M | -106.05M | 189.93M | -169.14M |
| Foreign Exchange Rate Adjustments | -525.00K | 4.79M | -19.95M | 6.69M | -1.69M | -2.84M |
| Net Cash Flow | 97.85M | 26.70M | -15.54M | -4.22M | -36.72M | -77.74M |
| Free Cash Flow | 20.12M | 61.12M | 36.33M | 81.66M | -24.76M | 104.61M |
| Free Cash Flow Margin | 1.26% | 4.08% | 2.50% | 5.56% | -2.05% | 10.00% |
| Free Cash Flow Per Share | 0.65 | 1.98 | 1.15 | 2.47 | -0.74 | 3.12 |
| Levered Free Cash Flow | 97.82M | 60.11M | 58.89M | 110.53M | -38.21M | 87.34M |
| Unlevered Free Cash Flow | 105.73M | 68.75M | 68.45M | 119.68M | -35.53M | 89.06M |
| Cash Interest Paid | 11.84M | 12.61M | 13.01M | 13.24M | 6.34M | 2.38M |
| Cash Income Tax Paid | 51.45M | 37.21M | 20.84M | 23.27M | 21.64M | 14.86M |
| Change in Working Capital | -4.10M | 10.60M | -35.47M | -598.00K | -76.87M | -6.72M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.63B | 1.11B | 1.24B | 1.72B | 2.17B | 2.89B |
| Enterprise Value | 1.74B | 1.20B | 1.34B | 1.79B | 2.29B | 2.76B |
| Last Close Price | 30.95 | 34.13 | 37.47 | 49.14 | 61.27 | 81.55 |
| PE Ratio | 110.09 | 60.72 | 19.04 | 42.56 | 88.68 | 30.91 |
| Forward PE | 10.46 | 14.08 | 13.66 | 21.22 | 22.65 | 32.21 |
| PS Ratio | 1.02 | 0.74 | 0.85 | 1.17 | 1.80 | 2.76 |
| PB Ratio | 1.32 | 1.54 | 2.00 | 2.66 | 3.22 | 4.42 |
| P/TBV Ratio | 3.04 | 1.99 | 2.69 | 3.62 | 4.53 | 5.25 |
| P/FCF Ratio | 80.75 | 18.16 | 34.04 | 21.03 | 27.60 | |
| P/OCF Ratio | 25.01 | 9.51 | 11.28 | 14.40 | 145.01 | 20.18 |
| PEG Ratio | 0.18 | 1.15 | 1.15 | 1.15 | 1.15 | 1.15 |
| EV/Sales Ratio | 1.09 | 0.80 | 0.92 | 1.22 | 1.90 | 2.64 |
| EV/EBITDA Ratio | 10.12 | 7.66 | 7.61 | 11.74 | 22.99 | 17.50 |
| EV/EBIT Ratio | 15.26 | 11.59 | 10.90 | 17.62 | 41.47 | 23.21 |
| EV/FCF Ratio | 86.64 | 19.71 | 36.79 | 21.94 | 26.37 | |
| Debt / Equity Ratio | 0.51 | 0.34 | 0.43 | 0.38 | 0.39 | 0.10 |
| Debt / EBITDA Ratio | 1.93 | 1.41 | 1.39 | 1.50 | 2.40 | 0.38 |
| Debt / FCF Ratio | 18.42 | 4.04 | 7.29 | 3.02 | 0.61 | |
| Net Debt / Equity Ratio | 0.17 | 0.12 | 0.21 | 0.15 | 0.16 | -0.19 |
| Net Debt / EBITDA Ratio | 0.69 | 0.55 | 0.74 | 0.62 | 1.06 | -0.80 |
| Net Debt / FCF Ratio | 5.90 | 1.41 | 3.58 | 1.16 | -4.29 | -1.21 |
| Asset Turnover | 1.09 | 1.13 | 1.17 | 1.19 | 1.11 | 1.07 |
| Inventory Turnover | 4.72 | 4.74 | 5.03 | 5.27 | 4.93 | 5.27 |
| Quick Ratio | 1.37 | 1.21 | 1.28 | 1.36 | 1.54 | 1.82 |
| Current Ratio | 2.05 | 1.92 | 2.01 | 2.12 | 2.39 | 2.65 |
| Return on Equity (ROE) | 1.26% | 2.73% | 10.29% | 6.13% | 3.69% | 15.07% |
| Return on Assets (ROA) | 4.85% | 4.92% | 6.18% | 5.14% | 3.17% | 7.59% |
| Return on Invested Capital (ROIC) | 3.41% | 6.83% | 10.48% | 9.84% | 5.39% | 18.27% |
| Return on Capital Employed (ROCE) | 10.30% | 10.50% | 13.50% | 11.20% | 5.80% | 16.50% |
| Earnings Yield | 0.91% | 1.65% | 5.25% | 2.35% | 1.13% | 3.24% |
| FCF Yield | 1.24% | 5.50% | 2.94% | 4.76% | -1.14% | 3.62% |
| Buyback Yield / Dilution | -0.86% | 1.73% | 4.81% | 1.30% | 0.02% | -1.46% |