GENTEX CORP GNTX

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived Nasdaq

Gentex Corporation (the "Company") was incorporated as a Michigan corporation in 1974. The Company designs, develops, manufactures, markets, and supplies digital vision, connected car, premium audio, dimmable glass, fire protection technologies, medical devices, and consumer electronics, including: automatic-dimming rearview and non-dimming mirrors and electronics for the automotive industry; premium quality sound equipment and products, and other electronic products and accessories for the consumer electronics industry; dimmable aircraft windows for the aviation industry; and smoke alarms for the residential and commercial fire protection industry and signaling devices for the commercial fire protection industry. The Company's largest business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize proprietary electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. Within this business segment, the Company also designs, develops and manufactures various electronics that are value added features to the interior and exterior automotive rearview mirrors, as well as electronics for interior visors, overhead consoles, and other locations in the vehicle. The Company ships its products to all of the major automotive producing regions worldwide, which it supports with numerous sales, engineering and distribution locations worldwide.

Last close 20.66 2026-10-23
Market cap $4.35B 2026-06-30 share count
52-week range 19.98 - 26.48

Valuation FY2025 figures against the last close

P/S1.7x
P/E11.9x
P/FCF9.5x
EV/EBITDA7.3x
Dividend yield2.5%
Diluted EPS1.74

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.53B$2.31B$2.30B$1.92B$1.73B$1.69B$1.86B$1.83B$1.79B$1.68B
Cost of revenue $1.67B$1.54B$1.54B$1.31B$1.11B$1.08B$1.17B$1.14B$1.10B$1.01B
Gross profit $866.7M$771.1M$762.6M$609.8M$619.7M$605.4M$688.3M$690.5M$694.5M$668.5M
R&D $203.3M$181.5M$154.4M$133.3M$117.8M$115.9M$114.7M$107.1M$99.7M$94.2M
SG&A $177.9M$121.0M$112.5M$106.5M$92.2M$90.0M$85.1M$75.2M$71.4M$62.5M
Total operating expenses $392.8M$311.4M$266.9M$239.8M$209.9M$205.9M$199.8M$182.3M$171.2M$156.7M
Operating income $473.9M$459.7M$495.7M$370.0M$409.8M$399.6M$488.5M$508.1M$523.4M$511.7M
Pre-tax income $461.1M$472.2M$505.0M$369.7M$416.4M$411.8M$500.4M$522.0M$531.8M$510.6M
Income tax $76.4M$67.7M$76.6M$51.0M$55.6M$64.2M$75.7M$84.2M$125.0M$163.0M
Net income $384.8M$404.5M$428.4M$318.8M$360.8M$347.6M$424.7M$437.9M$406.8M$347.6M
EPS, basic 1.741.771.841.361.511.411.671.641.421.21
EPS, diluted 1.741.761.841.361.501.411.661.621.411.19
Shares, diluted (wtd. avg.) 217.8M226.0M229.7M231.2M236.6M243.7M253.3M269.9M288.2M291.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $145.6M$233.3M$226.4M$218.8M$262.3M$423.4M$296.3M$217.0M$569.7M$546.5M
Short-term investments $5.4M$22.3M$14.4M$23.0M$5.4M$27.2M$140.4M$169.4M$152.5M$177.0M
Receivables $368.5M$295.3M$321.8M$276.5M$249.8M$284.9M$235.4M$213.5M$231.1M$211.6M
Inventory $516.3M$436.5M$402.5M$404.4M$316.3M$226.3M$248.9M$225.3M$216.8M$189.3M
Total current assets $1.13B$1.04B$997.7M$948.7M$873.0M$979.3M$950.4M$850.9M$1.18B$1.15B
Property, plant and equipment $790.9M$728.5M$652.9M$550.0M$464.1M$468.1M$498.3M$498.5M$492.5M$465.8M
Goodwill $357.2M$340.7M$340.1M$313.8M$314.0M$311.9M$307.4M$307.4M$307.4M$307.4M
Other intangibles $189.3M$195.2M$214.0M$219.4M$239.2M$249.7M$250.4M$269.7M$289.0M$308.3M
Total assets $2.93B$2.76B$2.61B$2.33B$2.13B$2.20B$2.17B$2.09B$2.35B$2.31B
Accounts payable $249.0M$168.3M$184.4M$151.7M$98.3M$84.8M$97.6M$92.8M$89.9M$80.0M
Short-term debt $3.8M$0—————$0$78.0M$7.5M
Total current liabilities $387.5M$252.7M$271.6M$250.6M$181.7M$177.7M$171.8M$169.2M$243.6M$149.9M
Long-term debt ————————$0$178.1M
Total liabilities $437.7M$288.7M$298.9M$261.4M$193.4M$234.0M$230.7M$223.7M$302.5M$399.2M
Retained earnings $1.47B$1.45B$1.34B$1.15B$1.04B$1.09B$1.12B$1.10B$1.30B$1.21B
Total equity $2.49B$2.47B$2.31B$2.07B$1.94B$1.96B$1.94B$1.86B$2.05B$1.91B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $587.1M$498.2M$537.2M$338.2M$362.2M$464.5M$506.0M$552.4M$501.0M$477.0M
Depreciation and amortisation $104.0M$94.7M$93.3M$96.6M$99.1M$104.7M$104.7M$102.2M$99.6M$88.6M
Stock-based compensation $36.6M$39.5M$39.2M$30.2M$27.4M$30.8M$21.7M$18.3M$18.4M$19.2M
Capital expenditure $129.1M$144.7M$183.7M$146.4M$68.8M$51.7M$84.6M$86.0M$104.0M$121.0M
Investing cash flow -$266.9M-$202.1M-$299.4M-$172.7M-$113.1M$26.4M-$56.7M-$185.8M-$77.7M-$251.4M
Financing cash flow -$407.9M-$289.3M-$230.2M-$209.0M-$410.1M-$363.9M-$370.0M-$719.3M-$400.0M-$230.7M
Dividends paid $106.9M$110.4M$112.2M$113.1M$115.3M$117.2M$116.3M$116.6M$108.8M$101.1M
Buybacks $315.5M$206.1M$147.4M$112.5M$324.6M$288.5M$331.5M$591.6M$231.4M$163.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000355811-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.7B Gross profit, FY2016: 668.5M Net income, FY2016: 347.6M Revenue, FY2017: 1.8B Gross profit, FY2017: 694.5M Net income, FY2017: 406.8M Revenue, FY2018: 1.8B Gross profit, FY2018: 690.5M Net income, FY2018: 437.9M Revenue, FY2019: 1.9B Gross profit, FY2019: 688.3M Net income, FY2019: 424.7M Revenue, FY2020: 1.7B Gross profit, FY2020: 605.4M Net income, FY2020: 347.6M Revenue, FY2021: 1.7B Gross profit, FY2021: 619.7M Net income, FY2021: 360.8M Revenue, FY2022: 1.9B Gross profit, FY2022: 609.8M Net income, FY2022: 318.8M Revenue, FY2023: 2.3B Gross profit, FY2023: 762.6M Net income, FY2023: 428.4M Revenue, FY2024: 2.3B Gross profit, FY2024: 771.1M Net income, FY2024: 404.5M Revenue, FY2025: 2.5B Gross profit, FY2025: 866.7M Net income, FY2025: 384.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.68B $1.79B $1.83B $1.86B $1.69B $1.73B $1.92B $2.30B $2.31B $2.53B
Gross profit $668.5M $694.5M $690.5M $688.3M $605.4M $619.7M $609.8M $762.6M $771.1M $866.7M
Net income $347.6M $406.8M $437.9M $424.7M $347.6M $360.8M $318.8M $428.4M $404.5M $384.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3714

TickerCompanyMarket capP/ERevenue growth
BWA BORGWARNER INC $11.19B 42.9x 1.6%
APTV Aptiv PLC $8.86B 56.9x 3.5%
ALSN Allison Transmission Holdings Inc $8.78B 14.5x -6.7%
ALV AUTOLIV INC $8.40B 12.0x 4.1%
MOD MODINE MANUFACTURING CO $7.08B 59.0x 23.1%
LEA LEAR CORP $5.76B 14.3x -0.2%
GTX Garrett Motion Inc. $4.03B 14.2x 3.1%
DORM Dorman Products, Inc. $3.72B 18.9x 6.0%