Gentherm Financials
This page shows Gentherm (THRM) 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gentherm has an operating margin of 5.5%, meaning the company retains $6 of operating profit per $100 of revenue. This below-average margin results in a low score of 28/100, suggesting thin profitability after operating expenses. This is down from 7.3% the prior year.
Gentherm's revenue grew a modest 2.9% year-over-year to $1.5B. This slow but positive growth earns a score of 37/100.
Gentherm carries a low D/E ratio of 0.26, meaning only $0.26 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.
Gentherm's current ratio of 1.92 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.
Gentherm's free cash flow margin of 4.1% results in a low score of 20/100. Capital expenditures of $55.7M absorb a large share of operating cash flow.
Gentherm generates a 2.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 10.5% the prior year.
Gentherm scores 3.15, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Gentherm passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Gentherm generates $6.39 in operating cash flow ($116.8M OCF vs $18.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Gentherm earns $6.0 in operating income for every $1 of interest expense ($82.7M vs $13.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Gentherm generated $1.5B in revenue in fiscal year 2025. This represents an increase of 2.9% from the prior year.
Gentherm's EBITDA was $136.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.9% from the prior year.
Gentherm generated $61.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 68.2% from the prior year.
Gentherm reported $18.3M in net income in fiscal year 2025. This represents a decrease of 71.8% from the prior year.
Gentherm earned $0.59 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 71.4% from the prior year.
Gentherm held $160.8M in cash against $189.0M in long-term debt as of fiscal year 2025.
Gentherm had 31M shares outstanding in fiscal year 2025. This represents a decrease of 0.9% from the prior year.
Gentherm's gross margin was 24.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the prior year.
Gentherm's operating margin was 5.5% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.
Gentherm's net profit margin was 1.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.2 percentage points from the prior year.
Gentherm's ROE was 2.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.0 percentage points from the prior year.
Gentherm invested $94.8M in research and development in fiscal year 2025. This represents an increase of 6.8% from the prior year.
Gentherm spent $10.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 80.6% from the prior year.
Gentherm invested $55.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 24.1% from the prior year.
THRM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $382.8M-1.1% | $386.9M+3.1% | $375.1M+6.0% | $353.9M+0.3% | $352.9M-3.8% | $366.9M+0.2% | $366.2M-1.6% | $372.3M |
| Cost of Revenue | $292.0M+0.1% | $291.7M+2.2% | $285.3M+6.7% | $267.4M+0.2% | $266.8M-1.4% | $270.6M-3.3% | $280.0M-1.5% | $284.3M |
| Gross Profit | $90.8M-4.6% | $95.1M+6.0% | $89.8M+3.8% | $86.5M+0.4% | $86.1M-10.6% | $96.3M+11.7% | $86.2M-2.0% | $88.0M |
| R&D Expenses | $23.6M-3.6% | $24.4M+8.3% | $22.6M-6.8% | $24.2M+14.9% | $21.1M-1.4% | $21.4M-7.7% | $23.1M-6.3% | $24.7M |
| SG&A Expenses | $47.6M+11.0% | $42.9M+4.4% | $41.1M+6.8% | $38.5M+0.9% | $38.1M-9.0% | $41.9M+9.6% | $38.2M-0.5% | $38.4M |
| Operating Income | $17.8M-25.5% | $23.9M-0.6% | $24.0M+40.7% | $17.1M-27.8% | $23.6M-25.4% | $31.7M+33.5% | $23.7M+449.4% | $4.3M |
| Interest Expense | -$2.9M+12.5% | -$3.3M+18.1% | -$4.0M-13.7% | -$3.6M-6.3% | -$3.3M+35.7% | -$5.2M-54.3% | -$3.4M-74.3% | -$1.9M |
| Income Tax | $7.3M+23.8% | $5.9M+188.5% | $2.1M-7.0% | $2.2M-89.4% | $20.8M+2497.6% | -$867K-112.6% | $6.9M+42.7% | $4.8M |
| Net Income | $3.0M-80.0% | $14.9M+3034.0% | $477K+472.7% | -$128K-100.8% | $15.3M-15.3% | $18.1M+14.2% | $15.8M+1121.5% | -$1.6M |
| EPS (Diluted) | $0.08-83.7% | $0.49+2350.0% | $0.02 | $0.00-100.0% | $0.48-12.7% | $0.55+14.6% | $0.48+1060.0% | $-0.05 |
THRM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B+1.1% | $1.4B+1.5% | $1.4B+1.3% | $1.3B+7.8% | $1.2B+1.1% | $1.2B+0.7% | $1.2B-1.5% | $1.2B |
| Current Assets | $777.0M-1.1% | $785.9M+3.6% | $758.8M-0.7% | $764.0M+11.7% | $684.0M-0.5% | $687.6M-1.9% | $700.6M-1.3% | $709.5M |
| Cash & Equivalents | $160.8M+4.3% | $154.3M+20.2% | $128.3M-21.4% | $163.1M+21.6% | $134.1M-10.4% | $149.7M-3.0% | $154.4M-8.5% | $168.7M |
| Inventory | $252.7M-0.2% | $253.3M+2.0% | $248.4M+5.3% | $236.0M+3.8% | $227.4M+10.4% | $205.9M0.0% | $205.9M-1.0% | $207.9M |
| Accounts Receivable | $281.1M-3.5% | $291.3M-1.2% | $294.7M+3.7% | $284.2M+10.1% | $258.1M+1.8% | $253.6M-3.9% | $263.8M+2.2% | $258.2M |
| Goodwill | $108.9M+0.2% | $108.7M-0.1% | $108.9M+6.3% | $102.4M+2.8% | $99.6M-4.3% | $104.1M+3.4% | $100.6M-0.2% | $100.9M |
| Total Liabilities | $676.1M+1.9% | $663.4M+0.3% | $661.7M-5.2% | $697.7M+10.6% | $630.6M+6.9% | $589.6M+4.3% | $565.5M-1.4% | $573.5M |
| Current Liabilities | $404.3M+1.0% | $400.3M+6.2% | $376.9M+6.7% | $353.2M+3.8% | $340.3M+4.7% | $325.0M+4.1% | $312.3M+1.5% | $307.6M |
| Long-Term Debt | $189.0M0.0% | $189.0M-9.6% | $209.0M-20.2% | $262.0M+19.1% | $220.1M-1.0% | $222.2M+7.2% | $207.3M-4.7% | $217.4M |
| Total Equity | $720.3M+0.3% | $717.9M+2.6% | $699.7M+8.2% | $646.5M+4.8% | $616.9M-4.3% | $644.7M-2.3% | $660.1M-1.6% | $670.6M |
| Retained Earnings | $714.1M+0.4% | $711.1M+2.1% | $696.1M+0.1% | $695.7M0.0% | $695.8M+11.4% | $624.4M+1.9% | $612.9M+2.7% | $597.1M |
THRM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.0M-48.4% | $56.1M+24.6% | $45.0M+437.6% | -$13.3M-136.5% | $36.6M-6.8% | $39.2M+83.0% | $21.4M-36.0% | $33.5M |
| Capital Expenditures | $22.3M+131.0% | $9.7M+9.0% | $8.9M-40.4% | $14.9M-35.2% | $23.0M+107.3% | $11.1M-13.9% | $12.9M+74.4% | $7.4M |
| Free Cash Flow | $6.7M-85.6% | $46.5M+28.4% | $36.2M+228.3% | -$28.2M-307.5% | $13.6M-51.7% | $28.1M+228.4% | $8.6M-67.2% | $26.1M |
| Investing Cash Flow | -$22.6M-127.3% | -$9.9M-7.0% | -$9.3M+11.8% | -$10.5M+48.3% | -$20.4M-184.1% | -$7.2M+29.4% | -$10.2M-140.6% | -$4.2M |
| Financing Cash Flow | -$50K+99.8% | -$20.1M+68.1% | -$63.1M-254.8% | $40.7M+467.0% | -$11.1M+75.5% | -$45.3M-111.7% | -$21.4M+18.9% | -$26.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $10.0M | $0-100.0% | $10.0M-83.3% | $60.0M+440.5% | $11.1M+11.1% | $10.0M |
THRM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.7%-0.9pp | 24.6%+0.7pp | 23.9%-0.5pp | 24.4%+0.0pp | 24.4%-1.8pp | 26.2%+2.7pp | 23.5%-0.1pp | 23.6% |
| Operating Margin | 4.6%-1.5pp | 6.2%-0.2pp | 6.4%+1.6pp | 4.8%-1.9pp | 6.7%-1.9pp | 8.6%+2.2pp | 6.5%+5.3pp | 1.2% |
| Net Margin | 0.8%-3.1pp | 3.9%+3.7pp | 0.1%+0.2pp | -0.0%-4.4pp | 4.3%-0.6pp | 4.9%+0.6pp | 4.3%+4.8pp | -0.4% |
| Return on Equity | 0.4%-1.7pp | 2.1%+2.0pp | 0.1%-2.2pp | 2.3%-0.2pp | 2.5%-0.3pp | 2.8%+0.4pp | 2.4% | N/A |
| Return on Assets | 0.2%-0.9pp | 1.1%+1.0pp | 0.0%+0.1pp | -0.0%-1.2pp | 1.2%-0.2pp | 1.5%+0.2pp | 1.3%+1.4pp | -0.1% |
| Current Ratio | 1.92-0.0 | 1.96-0.1 | 2.01-0.1 | 2.16+0.2 | 2.01-0.1 | 2.12-0.1 | 2.24-0.1 | 2.31 |
| Debt-to-Equity | 0.260.0 | 0.26-0.0 | 0.30-0.1 | 0.41+0.0 | 0.36+0.0 | 0.34+0.0 | 0.31-0.0 | 0.32 |
| FCF Margin | 1.7%-10.3pp | 12.0%+2.4pp | 9.7%+17.6pp | -8.0%-11.8pp | 3.9%-3.8pp | 7.7%+5.3pp | 2.3%-4.7pp | 7.0% |
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Frequently Asked Questions
What is Gentherm's annual revenue?
Gentherm (THRM) reported $1.5B in total revenue for fiscal year 2025. This represents a 2.9% 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 Gentherm's revenue growing?
Gentherm (THRM) revenue grew by 2.9% year-over-year, from $1.5B to $1.5B in fiscal year 2025.
Is Gentherm profitable?
Yes, Gentherm (THRM) reported a net income of $18.3M in fiscal year 2025, with a net profit margin of 1.2%.
What is Gentherm's earnings per share (EPS)?
Gentherm (THRM) reported diluted earnings per share of $0.59 for fiscal year 2025. This represents a -71.4% 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 Gentherm's EBITDA?
Gentherm (THRM) had EBITDA of $136.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Gentherm have?
As of fiscal year 2025, Gentherm (THRM) had $160.8M in cash and equivalents against $189.0M in long-term debt.
What is Gentherm's gross margin?
Gentherm (THRM) had a gross margin of 24.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gentherm's operating margin?
Gentherm (THRM) had an operating margin of 5.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Gentherm's net profit margin?
Gentherm (THRM) had a net profit margin of 1.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Gentherm's return on equity (ROE)?
Gentherm (THRM) has a return on equity of 2.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gentherm's free cash flow?
Gentherm (THRM) generated $61.1M in free cash flow during fiscal year 2025. This represents a 68.2% 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 Gentherm's operating cash flow?
Gentherm (THRM) generated $116.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Gentherm's total assets?
Gentherm (THRM) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Gentherm's capital expenditures?
Gentherm (THRM) invested $55.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Gentherm spend on research and development?
Gentherm (THRM) invested $94.8M in research and development during fiscal year 2025.
Does Gentherm buy back shares?
Yes, Gentherm (THRM) spent $10.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Gentherm have outstanding?
Gentherm (THRM) had 31M shares outstanding as of fiscal year 2025.
What is Gentherm's current ratio?
Gentherm (THRM) had a current ratio of 1.92 as of fiscal year 2025, which is generally considered healthy.
What is Gentherm's debt-to-equity ratio?
Gentherm (THRM) had a debt-to-equity ratio of 0.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gentherm's return on assets (ROA)?
Gentherm (THRM) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Gentherm's Altman Z-Score?
Gentherm (THRM) has an Altman Z-Score of 3.15, 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 Gentherm's Piotroski F-Score?
Gentherm (THRM) has a Piotroski F-Score of 5 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 Gentherm's earnings high quality?
Gentherm (THRM) has an earnings quality ratio of 6.39x, 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.
Can Gentherm cover its interest payments?
Gentherm (THRM) has an interest coverage ratio of 6.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Gentherm?
Gentherm (THRM) scores 42 out of 100 on our Financial Profile, indicating moderate 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.