GNTX · Gentex Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.53B | $2.31B | $2.30B | $1.92B | $1.73B | $1.69B |
| Cost of Revenue | $1.67B | $1.54B | $1.54B | $1.31B | $1.11B | $1.08B |
| Gross Profit | $866.71M | $771.09M | $762.63M | $609.81M | $619.71M | $605.44M |
| R&D | $203.26M | $181.48M | $154.36M | $133.31M | $117.76M | $115.94M |
| SG&A | $177.87M | $121.02M | $112.54M | $106.50M | $92.16M | $89.95M |
| Total Operating Expenses | $392.77M | $311.36M | $266.90M | $239.81M | $209.93M | $205.89M |
| D&A | $104.04M | $94.71M | $93.32M | $96.57M | $99.11M | $104.74M |
| Operating Income | $473.94M | $459.73M | $495.73M | $370.01M | $409.78M | $399.56M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $76.38M | $67.73M | $76.58M | $50.97M | $55.55M | $64.25M |
| Net Income | $404.49M | $404.49M | $428.40M | $318.76M | $360.80M | $347.56M |
| EPS - Basic | $1.74 | $1.77 | $1.84 | $1.36 | $1.51 | $1.41 |
| EPS - Diluted | $1.74 | $1.76 | $1.84 | $1.36 | $1.50 | $1.41 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $145.65M | $233.32M | $226.44M | $214.75M | $262.31M | $423.37M |
| Accounts Receivable | $368.52M | $295.34M | $321.81M | $276.49M | $249.79M | $284.93M |
| Inventory | $516.25M | $436.50M | $402.47M | $404.36M | $316.27M | $226.29M |
| Accounts Payable | $248.98M | $168.31M | $184.40M | $151.74M | $98.34M | $84.78M |
| Current Assets | $1.13B | $1.04B | $997.74M | $948.65M | $872.98M | $979.33M |
| Total Assets | $2.93B | $2.76B | $2.61B | $2.33B | $2.13B | $2.20B |
| Current Liabilities | $387.54M | $252.69M | $271.61M | $250.55M | $181.66M | $177.74M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $437.66M | $288.72M | $298.92M | $261.44M | $193.40M | $234.00M |
| Stockholders' Equity | $2.49B | $2.47B | $2.31B | $2.07B | $1.94B | $1.96B |
| Retained Earnings | $1.47B | $1.45B | $1.34B | $1.15B | $1.04B | $1.09B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $587.13M | $498.21M | $537.25M | $338.20M | $362.17M | $464.49M |
| Investing Cash Flow | ($266.90M) | ($202.08M) | ($299.42M) | ($172.74M) | ($113.11M) | $26.42M |
| Financing Cash Flow | ($407.90M) | ($289.25M) | ($230.15M) | ($209.02M) | ($410.12M) | ($363.86M) |
| CapEx | $129.09M | $144.67M | $183.68M | $146.43M | $68.84M | $51.71M |
| Free Cash Flow | $458.04M | $353.54M | $353.57M | $191.77M | $293.33M | $412.79M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 34.2% | 33.3% | 33.2% | 31.8% | 35.8% | 35.9% |
| Operating margin | 18.7% | 19.9% | 21.6% | 19.3% | 23.7% | 23.7% |
| EBITDA margin | 22.8% | 24.0% | 25.6% | 24.3% | 29.4% | 29.9% |
| Net margin | 16.0% | 17.5% | 18.6% | 16.6% | 20.8% | 20.6% |
| Free cash flow margin | 18.1% | 15.3% | 15.4% | 10.0% | 16.9% | 24.5% |
| FCF / Net income | 1.13 | 0.87 | 0.83 | 0.60 | 0.81 | 1.19 |
| R&D / Revenue | 8.0% | 7.8% | 6.7% | 6.9% | 6.8% | 6.9% |
| SG&A / Revenue | 7.0% | 5.2% | 4.9% | 5.5% | 5.3% | 5.3% |
| Effective tax rate | 15.9% | 14.3% | 15.2% | 13.8% | 13.3% | 15.6% |
| Return on assets | 13.8% | 14.7% | 16.4% | 13.7% | 16.9% | 15.8% |
| Return on equity | 16.3% | 16.4% | 18.5% | 15.4% | 18.6% | 17.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.91 | 4.11 | 3.67 | 3.79 | 4.81 | 5.51 |
| Quick ratio | 1.58 | 2.38 | 2.19 | 2.17 | 3.06 | 4.24 |
| Cash ratio | 0.38 | 0.92 | 0.83 | 0.86 | 1.44 | 2.38 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.18 | 1.12 | 1.13 | 1.13 | 1.10 | 1.12 |
| Liabilities / Assets | 0.15 | 0.10 | 0.11 | 0.11 | 0.09 | 0.11 |
| Efficiency | ||||||
| Asset turnover | 0.87 | 0.84 | 0.88 | 0.82 | 0.81 | 0.77 |
| Inventory turnover | 3.23 | 3.53 | 3.82 | 3.24 | 3.51 | 4.78 |
| Days sales outstanding | 53d | 47d | 51d | 53d | 53d | 62d |
| Days inventory outstanding | 113d | 103d | 96d | 113d | 104d | 76d |
| Days payable outstanding | 54d | 40d | 44d | 42d | 32d | 29d |
| Cash conversion cycle | 112d | 110d | 103d | 123d | 124d | 109d |
| Valuation | ||||||
| P / E | 13.4x | 16.3x | 17.7x | 20.1x | 23.2x | 24.1x |
| P / B | 2.0x | 2.6x | 3.2x | 3.1x | 4.3x | 4.2x |
| P / S | 2.0x | 2.8x | 3.3x | 3.3x | 4.8x | 4.9x |
| EV / EBITDA | 8.5x | 11.3x | 12.4x | 13.1x | 15.7x | 15.6x |
| Growth | ||||||
| Revenue growth (YoY) | 9.6% | 0.6% | 19.8% | 10.8% | 2.5% | -5.9% |
| Revenue CAGR (3y) | 9.7% | 10.1% | 10.8% | 2.3% | - | - |
| Revenue CAGR (5y) | 8.5% | 5.2% | - | - | - | - |
| Gross profit growth (YoY) | 12.4% | 1.1% | 25.1% | -1.6% | 2.4% | -12.0% |
| Operating income growth (YoY) | 3.1% | -7.3% | 34.0% | -9.7% | 2.6% | -18.2% |
| Net income growth (YoY) | 0.0% | -5.6% | 34.4% | -11.7% | 3.8% | -18.2% |
| EPS growth (YoY) | -1.1% | -4.3% | 35.3% | -9.3% | 6.4% | -15.1% |
| EPS CAGR (3y) | 8.6% | 5.5% | 9.3% | -6.4% | -2.5% | 0.0% |
| EPS CAGR (5y) | 4.3% | 1.2% | 2.6% | -0.7% | 4.7% | 5.5% |
| FCF growth (YoY) | 29.6% | -0.0% | 84.4% | -34.6% | -28.9% | -2.0% |
| FCF CAGR (5y) | 2.1% | -3.4% | -5.4% | -13.5% | -3.5% | 10.2% |
| Book value growth (YoY) | 0.8% | 6.7% | 11.9% | 6.6% | -1.3% | 1.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.53B totalAutomotive Products Segment$2.26B · 89.0%
Premium Audio Products Segment$151.30M · 6.0%
All Other Segments$127.07M · 5.0%
Product / service
$3.45B totalAutomotive Mirrors Electronics$2.14B · 61.9%
Automotive Products$698.68M · 20.3%
Other Products$127.07M · 3.7%
Home Link Modules$119.76M · 3.5%
Premium Speaker Products$106.98M · 3.1%
Premium Audio Products$89.89M · 2.6%
Aftermarket Products$53.75M · 1.6%
Premium Receiver Products$44.32M · 1.3%
Fire Protection Products$24.61M · 0.7%
Consumer Electronic Products$22.22M · 0.6%
Windows Product$18.91M · 0.5%
Biometric Products$6.24M · 0.2%
Medical Products$1.34M · 0.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
4.36
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing GENTEX CORP against the 5 most active filers in the same SIC group.
Dividends
$0.48/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 8, 2026 | $0.1200 |
| Jan 7, 2026 | $0.1200 |
| Oct 8, 2025 | $0.1200 |
| Jul 9, 2025 | $0.1200 |
| Apr 9, 2025 | $0.1200 |
| Jan 8, 2025 | $0.1200 |
| Oct 9, 2024 | $0.1200 |
| Jul 5, 2024 | $0.1200 |
| Apr 4, 2024 | $0.1200 |
| Jan 4, 2024 | $0.1200 |
| Oct 5, 2023 | $0.1200 |
| Jul 6, 2023 | $0.1200 |
| Apr 5, 2023 | $0.1200 |
| Jan 5, 2023 | $0.1200 |
| Oct 6, 2022 | $0.1200 |
| Jul 7, 2022 | $0.1200 |
| Apr 7, 2022 | $0.1200 |
| Jan 6, 2022 | $0.1200 |
| Oct 7, 2021 | $0.1200 |
| Jul 8, 2021 | $0.1200 |
| Apr 8, 2021 | $0.1200 |
| Jan 7, 2021 | $0.1200 |
| Oct 8, 2020 | $0.1200 |
| Jul 9, 2020 | $0.1200 |