Gentex Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gentex Corp has an operating margin of 19.9%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 99/100, reflecting efficient cost management and pricing power. This is down from 21.6% the prior year.
Gentex Corp's revenue grew a modest 0.6% year-over-year to $2.3B. This slow but positive growth earns a score of 30/100.
Gentex Corp carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.11, Gentex Corp holds $4.11 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Gentex Corp converts 15.3% of revenue into free cash flow ($353.5M). This strong cash generation earns a score of 76/100.
Gentex Corp earns a strong 16.4% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is down from 18.5% the prior year.
Gentex Corp scores 13.79, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.4B) relative to total liabilities ($288.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Gentex Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Gentex Corp generates $1.23 in operating cash flow ($498.2M OCF vs $404.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Gentex Corp (GNTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Gentex Corp generated $2.3B in revenue in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Gentex Corp's EBITDA was $554.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.9% from the prior year.
Gentex Corp generated $353.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 0.0% from the prior year.
Gentex Corp reported $404.5M in net income in fiscal year 2024. This represents a decrease of 5.6% from the prior year.
Gentex Corp earned $1.76 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 4.3% from the prior year.
Gentex Corp held $233.3M in cash against $0 in long-term debt as of fiscal year 2024.
Gentex Corp paid $0.48 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Gentex Corp had 227M shares outstanding in fiscal year 2024. This represents a decrease of 1.9% from the prior year.
Gentex Corp's gross margin was 33.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Gentex Corp's operating margin was 19.9% in fiscal year 2024, reflecting core business profitability. This is down 1.7 percentage points from the prior year.
Gentex Corp's net profit margin was 17.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.1 percentage points from the prior year.
Gentex Corp's ROE was 16.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the prior year.
Gentex Corp invested $181.5M in research and development in fiscal year 2024. This represents an increase of 17.6% from the prior year.
Gentex Corp spent $206.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 39.8% from the prior year.
Gentex Corp invested $144.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 21.2% from the prior year.
GNTX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $655.2M-0.4% | $657.9M+14.1% | $576.8M+6.5% | $541.6M-11.0% | $608.5M+6.2% | $572.9M-2.9% | $590.2M+0.2% | $589.1M |
| Cost of Revenue | $430.1M-0.6% | $432.6M+12.3% | $385.0M+5.4% | $365.4M-9.7% | $404.5M+5.2% | $384.4M-0.9% | $388.0M+0.6% | $385.8M |
| Gross Profit | $225.2M-0.1% | $225.3M+17.5% | $191.7M+8.8% | $176.2M-13.6% | $204.1M+8.2% | $188.6M-6.8% | $202.2M-0.6% | $203.4M |
| R&D Expenses | $52.6M+2.3% | $51.5M+12.1% | $45.9M-2.4% | $47.1M-2.4% | $48.2M+9.6% | $44.0M+4.3% | $42.2M+1.6% | $41.5M |
| SG&A Expenses | $49.7M+2.4% | $48.5M+62.1% | $29.9M-2.0% | $30.5M+1.4% | $30.1M+1.5% | $29.7M-3.4% | $30.7M+5.7% | $29.1M |
| Operating Income | $122.3M+3.2% | $118.5M+4.9% | $113.0M+25.9% | $89.8M-28.6% | $125.7M+9.4% | $114.9M-11.2% | $129.3M-2.6% | $132.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $19.7M-0.7% | $19.8M+5.7% | $18.8M+85.5% | $10.1M-55.9% | $22.9M+49.8% | $15.3M-21.3% | $19.4M+2.4% | $19.0M |
| Net Income | $101.0M+5.1% | $96.0M+1.2% | $94.9M+8.2% | $87.7M-28.5% | $122.5M+42.4% | $86.0M-20.5% | $108.2M-7.5% | $116.9M |
| EPS (Diluted) | $0.46+7.0% | $0.43+2.4% | $0.42+7.7% | $0.39-26.4% | $0.53+43.2% | $0.37-21.3% | $0.47-6.0% | $0.50 |
GNTX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9B+4.4% | $2.8B+1.1% | $2.8B+0.8% | $2.8B+0.9% | $2.7B-0.1% | $2.7B+0.9% | $2.7B+3.9% | $2.6B |
| Current Assets | $1.2B+10.0% | $1.1B-2.5% | $1.1B+4.9% | $1.0B-0.8% | $1.0B-3.5% | $1.1B+1.1% | $1.1B+7.5% | $997.7M |
| Cash & Equivalents | $178.6M+49.1% | $119.8M-58.2% | $286.6M+22.8% | $233.3M+29.9% | $179.6M-31.0% | $260.2M+4.5% | $249.0M+10.0% | $226.4M |
| Inventory | $499.2M+4.9% | $475.7M+16.3% | $408.9M-6.3% | $436.5M-2.9% | $449.3M-3.1% | $463.5M+6.2% | $436.5M+8.5% | $402.5M |
| Accounts Receivable | $384.7M+3.1% | $373.0M+12.8% | $330.6M+11.9% | $295.3M-17.1% | $356.3M+16.2% | $306.6M-10.3% | $341.6M+6.1% | $321.8M |
| Goodwill | $356.9M+4.8% | $340.7M0.0% | $340.7M0.0% | $340.7M+0.2% | $340.1M0.0% | $340.1M0.0% | $340.1M0.0% | $340.1M |
| Total Liabilities | $441.2M+15.9% | $380.7M+25.6% | $303.1M+5.0% | $288.7M-9.1% | $317.7M-6.0% | $338.0M+0.3% | $336.9M+12.7% | $298.9M |
| Current Liabilities | $394.5M+17.1% | $336.9M+26.4% | $266.6M+5.5% | $252.7M-10.8% | $283.2M-7.1% | $304.7M+0.1% | $304.4M+12.1% | $271.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.5B+2.7% | $2.4B-1.8% | $2.5B+0.3% | $2.5B+2.1% | $2.4B+0.7% | $2.4B+1.0% | $2.4B+2.8% | $2.3B |
| Retained Earnings | $1.5B+3.6% | $1.4B-2.3% | $1.5B+0.3% | $1.5B+3.2% | $1.4B+0.8% | $1.4B+1.1% | $1.4B+3.1% | $1.3B |
GNTX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $147.0M-11.5% | $166.1M+11.9% | $148.5M-3.8% | $154.4M+82.3% | $84.7M-34.5% | $129.3M-0.5% | $129.9M-23.4% | $169.6M |
| Capital Expenditures | $35.6M+14.4% | $31.1M-15.3% | $36.7M-11.9% | $41.7M+6.0% | $39.3M+23.8% | $31.8M-0.3% | $31.9M-48.8% | $62.3M |
| Free Cash Flow | $111.4M-17.5% | $135.0M+20.8% | $111.8M-0.8% | $112.7M+148.4% | $45.4M-53.5% | $97.5M-0.5% | $98.0M-8.7% | $107.3M |
| Investing Cash Flow | -$35.9M+79.6% | -$176.3M-3355.0% | -$5.1M+90.8% | -$55.2M-23.2% | -$44.8M+4.5% | -$46.9M+14.9% | -$55.1M+50.0% | -$110.3M |
| Financing Cash Flow | -$49.4M+68.4% | -$156.7M-73.8% | -$90.2M-98.1% | -$45.5M+62.2% | -$120.5M-69.5% | -$71.1M-36.3% | -$52.2M+44.2% | -$93.4M |
| Dividends Paid | $26.3M-2.4% | $27.0M-1.0% | $27.3M-0.1% | $27.3M-1.2% | $27.6M-0.4% | $27.7M-0.1% | $27.8M-0.8% | $28.0M |
| Share Buybacks | $30.2M-77.0% | $131.0M+93.2% | $67.8M+215.5% | $21.5M-77.8% | $96.6M+106.8% | $46.7M+13.4% | $41.2M-41.6% | $70.5M |
GNTX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.4%+0.1pp | 34.3%+1.0pp | 33.2%+0.7pp | 32.5%-1.0pp | 33.5%+0.6pp | 32.9%-1.4pp | 34.3%-0.3pp | 34.5% |
| Operating Margin | 18.7%+0.7pp | 18.0%-1.6pp | 19.6%+3.0pp | 16.6%-4.1pp | 20.7%+0.6pp | 20.1%-1.9pp | 21.9%-0.6pp | 22.5% |
| Net Margin | 15.4%+0.8pp | 14.6%-1.9pp | 16.4%+0.3pp | 16.2%-4.0pp | 20.1%+5.1pp | 15.0%-3.3pp | 18.3%-1.5pp | 19.9% |
| Return on Equity | 4.0%+0.1pp | 4.0%+0.1pp | 3.8%+0.3pp | 3.5%-1.5pp | 5.1%+1.5pp | 3.6%-1.0pp | 4.5%-0.5pp | 5.1% |
| Return on Assets | 3.4%+0.0pp | 3.4%0.0pp | 3.4%+0.2pp | 3.2%-1.3pp | 4.5%+1.3pp | 3.1%-0.9pp | 4.0%-0.5pp | 4.5% |
| Current Ratio | 2.96-0.2 | 3.15-0.9 | 4.08-0.0 | 4.11+0.4 | 3.69+0.1 | 3.56+0.0 | 3.52-0.1 | 3.67 |
| Debt-to-Equity | 0.18+0.0 | 0.16+0.0 | 0.120.0 | 0.12-0.0 | 0.130.0 | 0.140.0 | 0.14+0.0 | 0.13 |
| FCF Margin | 17.0%-3.5pp | 20.5%+1.2pp | 19.4%-1.4pp | 20.8%+13.4pp | 7.4%-9.6pp | 17.0%+0.4pp | 16.6%-1.6pp | 18.2% |
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Frequently Asked Questions
What is Gentex Corp's annual revenue?
Gentex Corp (GNTX) reported $2.3B in total revenue for fiscal year 2024. This represents a 0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gentex Corp's revenue growing?
Gentex Corp (GNTX) revenue grew by 0.6% year-over-year, from $2.3B to $2.3B in fiscal year 2024.
Is Gentex Corp profitable?
Yes, Gentex Corp (GNTX) reported a net income of $404.5M in fiscal year 2024, with a net profit margin of 17.5%.
What is Gentex Corp's earnings per share (EPS)?
Gentex Corp (GNTX) reported diluted earnings per share of $1.76 for fiscal year 2024. This represents a -4.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Gentex Corp's EBITDA?
Gentex Corp (GNTX) had EBITDA of $554.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Gentex Corp's gross margin?
Gentex Corp (GNTX) had a gross margin of 33.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gentex Corp's operating margin?
Gentex Corp (GNTX) had an operating margin of 19.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Gentex Corp's net profit margin?
Gentex Corp (GNTX) had a net profit margin of 17.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Gentex Corp pay dividends?
Yes, Gentex Corp (GNTX) paid $0.48 per share in dividends during fiscal year 2024.
What is Gentex Corp's return on equity (ROE)?
Gentex Corp (GNTX) has a return on equity of 16.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Gentex Corp's free cash flow?
Gentex Corp (GNTX) generated $353.5M in free cash flow during fiscal year 2024. This represents a -0.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gentex Corp's operating cash flow?
Gentex Corp (GNTX) generated $498.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Gentex Corp's total assets?
Gentex Corp (GNTX) had $2.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Gentex Corp's capital expenditures?
Gentex Corp (GNTX) invested $144.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Gentex Corp spend on research and development?
Gentex Corp (GNTX) invested $181.5M in research and development during fiscal year 2024.
Does Gentex Corp buy back shares?
Yes, Gentex Corp (GNTX) spent $206.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Gentex Corp have outstanding?
Gentex Corp (GNTX) had 227M shares outstanding as of fiscal year 2024.
What is Gentex Corp's current ratio?
Gentex Corp (GNTX) had a current ratio of 4.11 as of fiscal year 2024, which is generally considered healthy.
What is Gentex Corp's debt-to-equity ratio?
Gentex Corp (GNTX) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gentex Corp's return on assets (ROA)?
Gentex Corp (GNTX) had a return on assets of 14.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Gentex Corp's Altman Z-Score?
Gentex Corp (GNTX) has an Altman Z-Score of 13.79, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Gentex Corp's Piotroski F-Score?
Gentex Corp (GNTX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gentex Corp's earnings high quality?
Gentex Corp (GNTX) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Gentex Corp?
Gentex Corp (GNTX) scores 79 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.