Gentherm Inc THRM
Unless otherwise indicated, references to "Gentherm", "the Company", "we", "our" and "us" in this Annual Report refer to Gentherm Incorporated and its consolidated subsidiaries.
Gentherm Incorporated is a global market leader of innovative thermal management and pneumatic comfort technologies. Our automotive products include Climate Control Seats (CCS®), Climate Control Interiors (CCI), Lumbar and Massage Comfort Solutions, Valve Systems, and Climate and Comfort Electronics. We operate in locations aligned with our major customers' product strategies to provide locally enhanced design, integration and production capabilities. Our medical products include patient
temperature management systems that can be found in hospitals throughout the world.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50B | $1.46B | $1.47B | $1.20B | $1.05B | $913.1M | $971.7M | $1.05B | $994.0M | $917.6M |
| Cost of revenue | $1.14B | $1.09B | $1.12B | $931.0M | $742.5M | $645.0M | $683.3M | $743.6M | $674.8M | $622.6M |
| Gross profit | $362.2M | $366.4M | $351.6M | $273.6M | $303.6M | $268.1M | $288.3M | $304.9M | $319.2M | $295.0M |
| R&D | $94.8M | $88.7M | $94.4M | $85.7M | $75.2M | $68.0M | $72.5M | $79.9M | $82.5M | $72.9M |
| SG&A | $170.0M | $155.1M | $155.6M | $132.7M | $109.6M | $105.0M | $118.7M | $137.4M | $139.6M | $115.3M |
| Total operating expenses | $279.5M | $259.4M | $274.2M | $225.3M | $188.6M | $178.9M | $204.1M | $232.1M | $222.1M | $188.9M |
| Operating income | $82.7M | $107.0M | $77.4M | $48.3M | $115.0M | $89.2M | $84.3M | $72.8M | $97.1M | $106.1M |
| Interest expense | $13.8M | $15.3M | $14.6M | $4.3M | $2.8M | $4.6M | $4.8M | $4.9M | $4.9M | $3.3M |
| Pre-tax income | $35.8M | $102.3M | $55.0M | $38.4M | $113.9M | $81.6M | $59.2M | $58.1M | $69.3M | $110.6M |
| Income tax | $17.6M | $37.3M | $14.6M | $13.9M | $20.4M | $21.9M | $10.3M | $16.2M | $34.0M | $34.0M |
| Net income | $18.3M | $64.9M | $40.3M | $24.4M | $93.4M | $59.7M | $48.9M | $41.9M | $35.2M | $76.6M |
| EPS, basic | 0.60 | 2.08 | 1.23 | 0.74 | 2.82 | 1.83 | 1.48 | 1.17 | 0.96 | 2.10 |
| EPS, diluted | 0.59 | 2.06 | 1.22 | 0.73 | 2.79 | 1.81 | 1.47 | 1.16 | 0.96 | 2.09 |
| Shares, diluted (wtd. avg.) | $30.9M | $31.5M | $33.1M | $33.5M | $33.5M | $33.0M | $33.3M | $36.2M | $36.8M | $36.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $160.8M | $134.1M | $149.7M | $153.9M | $190.6M | $268.3M | $50.4M | $39.6M | $103.2M | $177.2M |
| Receivables | $281.1M | $258.1M | $253.6M | $247.1M | $183.0M | $211.7M | $159.7M | $166.9M | $185.1M | $170.1M |
| Inventory | $252.7M | $227.4M | $205.9M | $218.2M | $159.5M | $122.4M | $118.5M | $112.5M | $121.4M | $105.1M |
| Total current assets | $777.0M | $684.0M | $687.6M | $683.9M | $565.8M | $643.6M | $373.9M | $443.1M | $461.1M | $484.4M |
| Property, plant and equipment | $270.6M | $253.0M | $245.2M | $244.5M | $155.3M | $152.6M | $160.6M | $171.4M | $200.3M | $172.1M |
| Goodwill | $108.9M | $99.6M | $104.1M | $119.8M | $66.0M | $68.0M | $64.6M | $55.3M | $69.7M | $51.7M |
| Other intangibles | $52.8M | $57.3M | $66.5M | $73.9M | $37.6M | $46.4M | $49.8M | $56.4M | $83.3M | $57.6M |
| Total assets | $1.40B | $1.25B | $1.23B | $1.24B | $935.3M | $1.02B | $738.8M | $803.0M | $883.4M | $843.0M |
| Accounts payable | $260.5M | $226.8M | $215.8M | $182.2M | $122.7M | $116.0M | $83.0M | $93.1M | $89.6M | $84.5M |
| Short-term debt | $73.0K | $137.0K | $621.0K | $2.4M | $2.5M | $2.5M | $2.5M | $3.4M | $3.5M | $2.1M |
| Total current liabilities | $404.3M | $340.3M | $325.0M | $285.6M | $213.1M | $206.0M | $156.7M | $175.4M | $171.3M | $193.6M |
| Long-term debt | $189.0M | $220.1M | $222.2M | $232.7M | $36.2M | $189.9M | $78.1M | $136.5M | $141.2M | $169.4M |
| Total liabilities | $676.1M | $630.6M | $589.6M | $567.0M | $281.5M | $436.5M | $254.7M | $323.3M | $329.5M | $382.6M |
| Retained earnings | $714.1M | $695.8M | $624.4M | $590.7M | $566.2M | $472.8M | $413.1M | $364.0M | $293.6M | $256.9M |
| Total equity | $720.3M | $616.9M | $644.7M | $672.3M | $653.8M | $586.3M | $484.1M | $479.7M | $553.9M | $460.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $116.8M | $109.6M | $119.3M | $14.9M | $143.1M | $110.7M | $118.8M | $118.4M | $49.9M | $108.4M |
| Depreciation and amortisation | $45.8M | $45.5M | $42.2M | $33.7M | $29.6M | $31.0M | $33.6M | $36.3M | $32.2M | $24.9M |
| Stock-based compensation | $12.3M | $10.4M | $11.6M | $6.6M | $14.5M | $8.8M | $6.3M | $9.0M | $12.5M | $9.2M |
| Capital expenditure | $55.7M | $73.3M | $37.6M | $39.7M | $38.5M | $17.2M | $23.7M | $41.5M | $50.8M | $66.3M |
| Investing cash flow | -$52.4M | -$53.5M | -$24.1M | -$239.9M | -$48.8M | -$18.2M | $5.8M | -$40.8M | -$117.7M | -$144.3M |
| Financing cash flow | -$42.5M | -$51.7M | -$106.1M | $189.9M | -$169.1M | $115.5M | -$108.6M | -$139.3M | -$31.6M | $79.9M |
| Buybacks | $10.0M | $51.6M | $91.1M | — | $20.0M | $9.1M | $63.3M | $148.1M | $5.3M | — |
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 0001193125-26-059602.
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