THRM · Gentherm Inc - 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 | $1.50B | $1.46B | $1.47B | $1.20B | $1.05B | $913.10M |
| Cost of Revenue | $1.14B | $1.09B | $1.12B | $931.01M | $742.52M | $644.99M |
| Gross Profit | $362.18M | $366.43M | $351.62M | $273.65M | $303.63M | $268.10M |
| R&D | $94.76M | $88.70M | $94.36M | $85.72M | $75.21M | $68.04M |
| SG&A | $170.04M | $155.11M | $155.58M | $132.69M | $109.55M | $105.04M |
| Total Operating Expenses | $279.48M | $259.42M | $274.19M | $225.34M | $188.63M | $178.89M |
| D&A | $53.38M | $52.98M | $50.95M | $44.39M | $38.78M | $41.11M |
| Operating Income | $82.70M | $107.02M | $77.44M | $48.31M | $115.01M | $89.22M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $17.55M | $37.32M | $14.61M | $13.94M | $20.42M | $21.87M |
| Net Income | $18.29M | $64.95M | $40.34M | $24.44M | $93.43M | $59.69M |
| EPS - Basic | $0.60 | $2.08 | $1.23 | $0.74 | $2.82 | $1.83 |
| EPS - Diluted | $0.59 | $2.06 | $1.22 | $0.73 | $2.79 | $1.81 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $160.83M | $134.13M | $149.67M | $153.89M | $190.61M | $268.35M |
| Accounts Receivable | $281.08M | $258.11M | $253.58M | $247.13M | $182.99M | $211.67M |
| Inventory | $252.70M | $227.36M | $205.89M | $218.25M | $159.48M | $122.40M |
| Accounts Payable | $260.49M | $226.81M | $215.83M | $182.22M | $122.73M | $116.04M |
| Current Assets | $776.95M | $684.01M | $687.56M | $683.87M | $565.85M | $643.61M |
| Total Assets | $1.40B | $1.25B | $1.23B | $1.24B | $935.34M | $1.02B |
| Current Liabilities | $404.31M | $340.29M | $324.95M | $285.63M | $213.09M | $205.98M |
| Long-term Debt | $189.00M | $220.06M | $222.22M | $232.65M | $36.25M | $189.93M |
| Total Liabilities | $676.11M | $630.61M | $589.65M | $567.03M | $281.54M | $436.51M |
| Stockholders' Equity | $720.32M | $616.95M | $644.72M | $672.27M | $653.81M | $586.33M |
| Retained Earnings | $714.09M | $695.80M | $624.38M | $590.66M | $566.22M | $472.78M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $116.79M | $109.65M | $119.27M | $14.95M | $143.08M | $110.69M |
| Investing Cash Flow | ($52.40M) | ($53.53M) | ($24.12M) | ($239.90M) | ($48.83M) | ($18.22M) |
| Financing Cash Flow | ($42.48M) | ($51.70M) | ($106.05M) | $189.93M | ($169.14M) | $115.48M |
| CapEx | $55.67M | $73.31M | $37.60M | $39.70M | $38.47M | $17.22M |
| Free Cash Flow | $61.12M | $36.33M | $81.66M | ($24.76M) | $104.61M | $93.48M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 24.2% | 25.2% | 23.9% | 22.7% | 29.0% | 29.4% |
| Operating margin | 5.5% | 7.3% | 5.3% | 4.0% | 11.0% | 9.8% |
| EBITDA margin | 9.1% | 11.0% | 8.7% | 7.7% | 14.7% | 14.3% |
| Net margin | 1.2% | 4.5% | 2.7% | 2.0% | 8.9% | 6.5% |
| Free cash flow margin | 4.1% | 2.5% | 5.6% | -2.1% | 10.0% | 10.2% |
| FCF / Net income | 3.34 | 0.56 | 2.02 | -1.01 | 1.12 | 1.57 |
| R&D / Revenue | 6.3% | 6.1% | 6.4% | 7.1% | 7.2% | 7.5% |
| SG&A / Revenue | 11.3% | 10.7% | 10.6% | 11.0% | 10.5% | 11.5% |
| Effective tax rate | 49.0% | 36.5% | 26.6% | 36.3% | 17.9% | 26.8% |
| Return on assets | 1.3% | 5.2% | 3.3% | 2.0% | 10.0% | 5.8% |
| Return on equity | 2.5% | 10.5% | 6.3% | 3.6% | 14.3% | 10.2% |
| Return on invested capital | 4.6% | 8.1% | 6.6% | 3.4% | 13.7% | 8.4% |
| Liquidity | ||||||
| Current ratio | 1.92 | 2.01 | 2.12 | 2.39 | 2.66 | 3.12 |
| Quick ratio | 1.30 | 1.34 | 1.48 | 1.63 | 1.91 | 2.53 |
| Cash ratio | 0.40 | 0.39 | 0.46 | 0.54 | 0.89 | 1.30 |
| Leverage | ||||||
| Debt / Equity | 0.26 | 0.36 | 0.34 | 0.35 | 0.06 | 0.32 |
| Debt / Assets | 0.14 | 0.18 | 0.18 | 0.19 | 0.04 | 0.19 |
| Debt / EBITDA | 1.39 | 1.38 | 1.73 | 2.51 | 0.24 | 1.46 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.94 | 2.02 | 1.91 | 1.84 | 1.43 | 1.74 |
| Liabilities / Assets | 0.48 | 0.51 | 0.48 | 0.46 | 0.30 | 0.43 |
| Efficiency | ||||||
| Asset turnover | 1.07 | 1.17 | 1.19 | 0.97 | 1.12 | 0.89 |
| Inventory turnover | 4.50 | 4.79 | 5.43 | 4.27 | 4.66 | 5.27 |
| Days sales outstanding | 68d | 65d | 63d | 75d | 64d | 85d |
| Days inventory outstanding | 81d | 76d | 67d | 86d | 78d | 69d |
| Days payable outstanding | 84d | 76d | 70d | 71d | 60d | 66d |
| Cash conversion cycle | 66d | 65d | 60d | 89d | 82d | 88d |
| Valuation | ||||||
| P / E | 61.6x | 19.4x | 42.9x | 89.4x | 31.1x | 36.0x |
| P / B | 1.6x | 2.0x | 2.7x | 3.3x | 4.5x | 3.7x |
| P / S | 0.8x | 0.9x | 1.2x | 1.8x | 2.8x | 2.4x |
| EV / EBITDA | 8.5x | 8.4x | 14.1x | 24.4x | 17.9x | 15.9x |
| Growth | ||||||
| Revenue growth (YoY) | 2.9% | -0.9% | 21.9% | 15.2% | 14.6% | -6.0% |
| Revenue CAGR (3y) | 7.5% | 11.7% | 17.2% | 7.4% | 4.5% | - |
| Revenue CAGR (5y) | 10.4% | 8.4% | 9.9% | - | - | - |
| Gross profit growth (YoY) | -1.2% | 4.2% | 28.5% | -9.9% | 13.3% | -7.0% |
| Operating income growth (YoY) | -22.7% | 38.2% | 60.3% | -58.0% | 28.9% | 5.9% |
| Net income growth (YoY) | -71.8% | 61.0% | 65.1% | -73.8% | 56.5% | 59.1% |
| EPS growth (YoY) | -71.4% | 68.9% | 67.1% | -73.8% | 54.1% | 60.2% |
| EPS CAGR (3y) | -6.9% | -9.6% | -12.3% | -13.6% | 34.0% | 23.5% |
| EPS CAGR (5y) | -20.1% | 12.8% | 1.0% | -5.3% | 5.9% | -7.1% |
| FCF growth (YoY) | 68.2% | -55.5% | - | - | 11.9% | -1.7% |
| FCF CAGR (5y) | -8.1% | -17.5% | 4.1% | - | 20.0% | 13.7% |
| Book value growth (YoY) | 16.8% | -4.3% | -4.1% | 2.8% | 11.5% | 24.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.50B totalAutomotive Segments$1.45B · 96.7%
Medical Segments$49.78M · 3.3%
Product / service
$2.73B totalAutomotive Climate And Comfort Solutions$1.23B · 45.1%
Climate Control Seats$793.31M · 29.0%
Lumbar And Massage Comfort Solutions$212.18M · 7.8%
Climate Control Interiors$197.90M · 7.2%
Other Automotive$118.89M · 4.4%
Valve Systems$96.88M · 3.5%
Medical$49.78M · 1.8%
Climate And Comfort Electronics$29.66M · 1.1%
Geographic
$2.48B totalNon Us$985.31M · 39.7%
US$513.29M · 20.7%
CN$239.56M · 9.6%
Other Countries$195.27M · 7.9%
DE$113.86M · 4.6%
CZ$89.65M · 3.6%
KR$89.13M · 3.6%
MX$67.01M · 2.7%
SK$55.49M · 2.2%
RO$54.30M · 2.2%
JP$47.60M · 1.9%
GB$33.44M · 1.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.33
Grey zone
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
5/9
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 GENTHERM Inc against the 5 most active filers in the same SIC group.