Gentex Reports Fourth Quarter And Year End 2025 Financial Results
Rhea-AI Summary
Gentex (NASDAQ: GNTX) reported Q4 2025 consolidated net sales of $644.4M and calendar-year 2025 consolidated net sales of $2.53B. Core Gentex (ex-VOXX) Q4 sales were $541.0M and core 2025 sales were $2.27B. Consolidated gross margin reached 34.8% in Q4 and 34.2% for 2025; core Gentex gross margin was 35.5% in Q4 and 34.7% for the year. Net income attributable to Gentex for 2025 was $384.8M (EPS $1.74). Capital returned totaled $425.9M in 2025, including $319.0M in repurchases. 2026 revenue guidance: $2.60–$2.70B; 2027 revenue estimate: $2.75–$2.85B.
Positive
- Consolidated sales +10% YoY to $2.53B
- Core Gentex gross margin +140 bps YoY to 34.7%
- Q4 core gross margin reached 35.5% (highest since 1H 2021)
- Capital returned $425.9M in 2025 (share repurchases $319.0M)
- Management expects 2026 revenue $2.60–$2.70B and 2027 $2.75–$2.85B
Negative
- Core Gentex sales down 2% year-over-year in 2025
- China sales declined 29% year-over-year for core business
- Consolidated operating expenses +26% YoY to $392.8M (VOXX impact)
- Other losses included investment impairment and credit reserve adjustments
- Effective tax rate rose to 16.6% for 2025
News Market Reaction
On the day this news was published, GNTX declined 4.28%, reflecting a moderate negative market reaction. Argus tracked a trough of -3.0% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $235M from the company's valuation, bringing the market cap to $5.26B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
GNTX was up 1.99% pre‑earnings while peers were mixed: MOD gained 3.95%, LEA, ALSN, DORM were near flat, and ALV slipped 1.26%. Momentum scanner only flagged ALV with a -6.35% move, suggesting GNTX trading was more stock‑specific than broad sector driven.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 24 | Q3 2025 earnings | Positive | -10.2% | Reported higher sales and solid margins including VOXX, but shares fell sharply. |
| Jul 25 | Q2 2025 earnings | Positive | +16.2% | Strong revenue growth, margin expansion, EPS growth and large buybacks lifted shares. |
| Apr 25 | Q1 2025 earnings | Negative | -2.8% | Sales and EPS declined with margin pressure and tariff‑driven guidance reset. |
| Jan 31 | FY 2024 earnings | Neutral | -8.2% | Record full‑year sales but weaker Q4 margin and earnings preceded a share decline. |
| Oct 25 | Q3 2024 earnings | Positive | +5.4% | Record quarterly sales and improving margins drove a solid positive price reaction. |
Recent earnings have produced sizable moves in both directions, with a mix of positive and negative reactions, indicating that earnings releases are key volatility events for GNTX.
Across the last five earnings events (Oct 2024–Oct 2025), Gentex reported record or solid sales at times, but also periods of margin pressure and softer regional demand. VOXX’s acquisition became a recurring theme in 2025, supporting higher consolidated sales while core Gentex revenue occasionally declined. Guidance adjustments repeatedly referenced tariff and China weakness. Share repurchases and margin recovery efforts were consistent. Today’s fourth‑quarter and full‑year 2025 results continue the focus on gross margin expansion, VOXX integration, and capital returns.
Historical Comparison
Over the last five earnings releases, GNTX’s average move was 8.53%. In contrast, the stock was up 1.99% ahead of this report, implying a smaller pre‑event move than typical earnings volatility.
Through 2024–2025 earnings, Gentex moved from record 2024 sales into 2025 margin pressure, then leveraged the VOXX acquisition and cost actions to expand consolidated gross margins while managing tariff and China demand headwinds.
Market Pulse Summary
This announcement highlights solid fourth‑quarter and full‑year 2025 performance, with consolidated revenue reaching $2.53B and core gross margin improving to 35.5% in Q4. The VOXX acquisition added meaningful sales, while capital returns totaled $425.9M through buybacks and dividends. At the same time, full‑year EPS of $1.74 was slightly below 2024 and core sales declined amid tariff‑driven China weakness. Investors may monitor execution on 2026 guidance of $2.60–$2.70B revenue, ongoing margin discipline, and exposure to global light‑vehicle production.
Key Terms
foreign-derived intangible income ("fdii") deduction financial
driver‑monitoring systems (dms) technical
full display mirrors (fdm) technical
AI-generated analysis. Not financial advice.
ZEELAND, Mich., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the fourth quarter and calendar year ended December 31, 2025.
Fourth Quarter and Calendar Year 2025 Highlights:
- Fourth Quarter 2025
- Net Sales: Consolidated
$644.4 million ; Core Gentex (ex-VOXX)$541.0 million - Gross Margin: Consolidated
34.8% ; Core Gentex (ex-VOXX)35.5% - Income from Operations: Consolidated
$120.1 million - Net Income attributable to Gentex: Consolidated
$93.0 million - Consolidated earnings per diluted share attributable to Gentex:
$0.43
- Net Sales: Consolidated
- Calendar Year 2025
- Net Sales: Consolidated
$2.53 billion ; Core Gentex (ex- VOXX)$2.27 billion - Gross Margin: Consolidated
34.2% ; Core Gentex (ex-VOXX)34.7% - Income from Operations: Consolidated
$473.9 million - Net income attributable to Gentex: Consolidated
$384.8 million - Earnings per diluted share attributable to Gentex: Consolidated
$1.74 - Capital returned to shareholders:
$425.9 million (35% increase vs. 2024)$319.0 million in share repurchases (13.6 million shares)
$106.9 million in dividends
- Net Sales: Consolidated
Fourth Quarter 2025
For the fourth quarter of 2025, the Company reported consolidated net sales of
The consolidated gross margin in the fourth quarter of 2025 was
Consolidated operating expenses during the fourth quarter of 2025 were
Consolidated income from operations for the fourth quarter of 2025 was
Total other loss was
During the fourth quarter of 2025, the Company had an effective tax rate of
In the fourth quarter of 2025, consolidated net income attributable to Gentex was
Earnings per diluted share attributable to Gentex in the fourth quarter of 2025 were
Calendar Year 2025
For calendar year 2025, the Company’s consolidated net sales were
For calendar year 2025, the consolidated gross margin was
For calendar year 2025, consolidated operating expenses increased
Total other loss was
For calendar year 2025, the Company's effective tax rate was
Consolidated net income attributable to Gentex for calendar year 2025 was
Earnings per diluted share attributable to Gentex for calendar year 2025 were
Revenue by Category
Gentex Automotive
Gentex Automotive net sales during the fourth quarter of 2025 were
Other net sales in the fourth quarter of 2025, which includes dimmable aircraft windows, fire protection products, medical products, and biometric products were
VOXX
VOXX net sales contributed
Share Repurchases
The Company repurchased 3.8 million shares of its common stock during the fourth quarter of 2025, at an average price of
Future Estimates
The Company’s 2026 and 2027 light‑vehicle production assumptions reflect the S&P Global Mobility mid‑January 2026 forecast for North America, Europe, Japan/Korea, and China (see table below). Based on the S&P Global Mobility forecast, market conditions in our primary markets, the continued impacts on the China market from tariffs, and the expected incremental sales contribution from the VOXX acquisition, the Company is providing detailed annual guidance for 2026 and revenue guidance for 2027:
| Light Vehicle Production (per S&P Global Mobility mid-January light vehicle production forecast) | |||||||
| (in Millions) | |||||||
| Region | Calendar Year 2027 | Calendar Year 2026 | Calendar Year 2025 | 2027 vs. 2026 % Change | 2026 vs. 2025 % Change | ||
| North America | 15.5 | 15.0 | 15.3 | 3 | % | (2 | )% |
| Europe | 17.2 | 16.9 | 17.0 | 2 | % | (1 | )% |
| Japan and Korea | 11.6 | 11.9 | 12.1 | (3 | )% | (2 | )% |
| China | 32.8 | 32.7 | 33.1 | — | % | (1 | )% |
| Total Light Vehicle Production | 77.1 | 76.5 | 77.5 | 1 | % | (1 | )% |
| 2026 Consolidated Guidance | |
| Revenue | |
| Gross Margin | |
| Operating Expenses (E,R&D and S,G&A) | |
| Estimated Annual Tax Rate | |
| Capital Expenditures | |
| Depreciation & Amortization | |
Additionally, based on the mid‑January 2026 S&P Global Mobility light‑vehicle production outlook and the Company’s estimates for premium audio, aerospace, medical, fire protection, and consumer electronic products, the Company currently expects calendar‑year 2027 revenue between
“We came into 2025 with a focus on growth and improving profitability and hoping for a stable end market. Instead, we were confronted with a dynamic marketplace including headwinds created by the volatility of tariffs, counter-tariffs, weakening production in our primary markets, and cost inflation. Despite these challenges, our team delivered impressive results. In April of 2025, we completed the VOXX acquisition and have addressed most of the integration challenges. We are also well on our way of accomplishing our planned cost improvement initiatives that we believe will ultimately yield approximately
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “hope,” “intend,” "likely", “may,” “opinion,” “optimistic,” “plan,” “poised,” “predict,” “project,” “should,” “strategy,” “target,” “will,” "work to," and variations of such words and similar expressions. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. These risks and uncertainties include, without limitation: changes in general industry or regional market conditions, including the impact of inflation; changes in consumer and customer preferences for our products (such as cameras replacing mirrors and/or autonomous driving); our ability to be awarded new business; continued uncertainty in pricing negotiations with customers and suppliers; loss of business from increased competition; changes in strategic relationships; customer bankruptcies or divestiture of customer brands; fluctuation in vehicle production schedules (including the impact of customer employee strikes); changes in product mix; raw material and other supply shortages; labor shortages, supply chain constraints and disruptions; our dependence on information systems; higher raw material, fuel, energy and other costs; unfavorable fluctuations in currencies or interest rates in the regions in which we operate; costs or difficulties related to the integration and/or ability to maximize the value of any new or acquired technologies and businesses; changes in regulatory conditions; increased competition, seasonal consumer shopping patterns, and changes in the retail industry for products such as consumer electronics, warranty and recall claims and other litigation and customer reactions thereto; possible adverse results of pending or future litigation or infringement claims; changes in tax laws; import and export duty and tariff rates in or with the countries with which we conduct business; negative impact of any governmental investigations and associated litigation, including securities litigation relating to the conduct of our business; and force majeure events. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made.
The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law or the rules of the NASDAQ Global Select Market. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties identified under the heading “Risk Factors” in the Company’s latest Form 10-K and Form 10-Q filed with the SEC, which risks and uncertainties include tariffs and supply chain constraints that have affected, are affecting, and will continue to affect, general economic and industry conditions, customers, suppliers, and the regulatory environment in which the Company operates. Includes content supplied by S&P Global Mobility Light Vehicle Production Forecast of January 14, 2026 (http://www.gentex.com/forecast-disclaimer).
Fourth Quarter Conference Call
A conference call related to this news release will be simulcast live on the Internet beginning at 9:30 a.m. ET today, January 30, 2026. Participants who wish to ask questions may register for the call at https://register-conf.media-server.com/register/BI3d3ee7554e8c40faa134b994937949db to receive the dial-in numbers and unique PIN to access the call seamlessly. It is recommended that participants join 10 minutes prior to the event start, although they may register ahead of the call and dial in at any time during the call. Participants may listen to the call via audio streaming at https://edge.media-server.com/mmc/p/kz9zbxco. A webcast replay will be available approximately 24 hours after the conclusion of the call at https://ir.gentex.com/events-and-presentations/upcoming-past-events.
About the Company
Founded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics. Visit the Company’s web site at www.gentex.com.
Contact Information:
Gentex Investor & Media Contact
Josh O'Berski
616.931.3505
| GENTEX CORPORATION AUTO-DIMMING MIRROR SHIPMENTS (Thousands) | |||||||||||||
| Three Months Ended December 31, | Twelve Months ended December 31, | ||||||||||||
| 2025 | 2024 | % Change | 2025 | 2024 | % Change | ||||||||
| North American Interior Mirrors | 1,971 | 2,004 | (2 | )% | 8,726 | 8,903 | (2 | )% | |||||
| North American Exterior Mirrors | 1,400 | 1,434 | (2 | )% | 5,840 | 6,292 | (7 | )% | |||||
| Total North American Mirror Units | 3,371 | 3,438 | (2 | )% | 14,566 | 15,195 | (4 | )% | |||||
| International Interior Mirrors | 4,533 | 4,683 | (3 | )% | 19,882 | 20,996 | (5 | )% | |||||
| International Exterior Mirrors | 2,558 | 2,656 | (4 | )% | 10,378 | 11,464 | (9 | )% | |||||
| Total International Mirror Units | 7,091 | 7,339 | (3 | )% | 30,259 | 32,460 | (7 | )% | |||||
| Total Interior Mirrors | 6,504 | 6,688 | (3 | )% | 28,608 | 29,899 | (4 | )% | |||||
| Total Exterior Mirrors | 3,958 | 4,090 | (3 | )% | 16,217 | 17,755 | (9 | )% | |||||
| Total Auto-Dimming Mirror Units | 10,462 | 10,777 | (3 | )% | 44,825 | 47,654 | (6 | )% | |||||
Note: Percent change and amounts may not total due to rounding.
| GENTEX CORPORATION AND SUBSIDIARIES | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||
| Three Months Ended December 31, 2025 | Three Months Ended December 31, 2025 and 2024 | |||||||||||||||
| Supplemental Information | Consolidated | |||||||||||||||
| Gentex | VOXX | 2025 | 2024 | |||||||||||||
| Net Sales | $ | 540,956,599 | $ | 103,445,011 | $ | 644,401,610 | $ | 541,637,568 | ||||||||
| Cost of Goods Sold | 348,685,192 | 71,198,705 | 419,883,897 | 365,411,929 | ||||||||||||
| Gross Profit | 192,271,407 | 32,246,306 | 224,517,713 | 176,225,639 | ||||||||||||
| Engineering, Research & Development | 47,183,757 | 6,045,651 | 53,229,408 | 47,063,273 | ||||||||||||
| Selling, General & Administrative | 31,807,972 | 17,925,458 | 49,733,430 | 30,529,575 | ||||||||||||
| Severance Expense | 828,770 | 624,530 | 1,453,300 | — | ||||||||||||
| Impairment Charges | — | — | — | 8,864,704 | ||||||||||||
| Operating Expenses | 79,820,499 | 24,595,639 | 104,416,138 | 86,457,552 | ||||||||||||
| Income from Operations | 112,450,908 | 7,650,667 | 120,101,575 | 89,768,087 | ||||||||||||
| Other (Loss)/Income | (6,279,453 | ) | (2,428,136 | ) | (8,707,589 | ) | 8,011,340 | |||||||||
| Income before Income Taxes | 106,171,455 | 5,222,531 | 111,393,986 | 97,779,427 | ||||||||||||
| Income Tax Provision (Benefit) | 19,647,898 | (1,524,790 | ) | 18,123,108 | 10,111,877 | |||||||||||
| Net Income | $ | 86,523,557 | $ | 6,747,321 | $ | 93,270,878 | $ | 87,667,550 | ||||||||
| Less: Net income attributable to non-controlling interest | — | 311,050 | 311,050 | — | ||||||||||||
| Net Income Attributable to Gentex Corporation | $ | 86,523,557 | $ | 6,436,271 | $ | 92,959,828 | $ | 87,667,550 | ||||||||
| Earnings Per Share Attributable to Gentex Corporation(1) | ||||||||||||||||
| Basic | $ | 0.40 | $ | 0.03 | $ | 0.43 | $ | 0.39 | ||||||||
| Diluted | $ | 0.40 | $ | 0.03 | $ | 0.43 | $ | 0.39 | ||||||||
| Cash Dividends Declared per Share | $ | 0.120 | $ | 0.120 | ||||||||||||
| (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||||||||||||||
| GENTEX CORPORATION AND SUBSIDIARIES | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||
| Twelve Months Ended December 31, 2025 | Twelve Months Ended December 31, 2025 and 2024 | |||||||||||||||
| Supplemental Information | Consolidated | |||||||||||||||
| Gentex | VOXX | 2025 | 2024 | |||||||||||||
| Net Sales | $ | 2,267,070,341 | $ | 267,198,624 | $ | 2,534,268,965 | $ | 2,313,314,333 | ||||||||
| Cost of Goods Sold | 1,479,671,267 | 187,888,758 | 1,667,560,025 | 1,542,224,143 | ||||||||||||
| Gross Profit | 787,399,074 | 79,309,866 | 866,708,940 | 771,090,190 | ||||||||||||
| Engineering, Research & Development | 185,259,104 | 18,000,652 | 203,259,756 | 181,475,221 | ||||||||||||
| Selling, General & Administrative | 122,761,305 | 55,107,387 | 177,868,692 | 121,023,692 | ||||||||||||
| Severance Expense | 10,432,974 | 1,211,764 | 11,644,738 | — | ||||||||||||
| Impairment Charges | — | — | — | 8,864,704 | ||||||||||||
| Operating Expenses | 318,453,383 | 74,319,803 | 392,773,186 | 311,363,617 | ||||||||||||
| Income from Operations | 468,945,691 | 4,990,063 | 473,935,754 | 459,726,573 | ||||||||||||
| Other (Loss)/Income | (12,882,248 | ) | 8,909 | (12,873,339 | ) | 12,487,110 | ||||||||||
| Income Before Income Taxes | 456,063,443 | 4,998,972 | 461,062,415 | 472,213,683 | ||||||||||||
| Income Tax Provision (Benefit) | 77,348,873 | (968,535 | ) | 76,380,338 | 67,725,940 | |||||||||||
| Net Income | $ | 378,714,570 | $ | 5,967,507 | $ | 384,682,077 | $ | 404,487,743 | ||||||||
| Less: Net loss attributable to non-controlling interest | — | (159,290 | ) | (159,290 | ) | — | ||||||||||
| Net Income Attributable to Gentex Corporation | $ | 378,714,570 | $ | 6,126,797 | $ | 384,841,367 | $ | 404,487,743 | ||||||||
| Earnings Per Share Attributable to Gentex Corporation(1) | ||||||||||||||||
| Basic | $ | 1.71 | $ | 0.03 | $ | 1.74 | $ | 1.77 | ||||||||
| Diluted | $ | 1.71 | $ | 0.03 | $ | 1.74 | $ | 1.76 | ||||||||
| Cash Dividends Declared per Share | $ | 0.480 | $ | 0.480 | ||||||||||||
| (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||||||||||||||
Core Gentex (excluding VOXX) information is supplemental, for informational purposes, and is not a separate reportable segment.
| GENTEX CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) | |||||
| December 31, 2025 | December 31, 2024 | ||||
| ASSETS | |||||
| Cash and Cash Equivalents | $ | 145,645,715 | $ | 233,318,766 | |
| Short-Term Investments | 5,386,566 | 22,304,829 | |||
| Accounts Receivable, net | 368,517,569 | 295,344,353 | |||
| Inventories | 516,253,617 | 436,497,445 | |||
| Other Current Assets | 92,631,001 | 49,862,777 | |||
| Total Current Assets | 1,128,434,468 | 1,037,328,170 | |||
| Plant and Equipment - Net | 790,935,378 | 728,481,467 | |||
| Goodwill | 357,211,919 | 340,668,927 | |||
| Long-Term Investments | 272,975,939 | 339,604,044 | |||
| Intangible Assets | 189,341,387 | 195,157,160 | |||
| Deferred Tax Asset | 108,338,592 | 53,154,832 | |||
| Patents and Other Assets | 81,355,151 | 66,426,375 | |||
| Total Other Assets | 1,009,222,988 | 995,011,338 | |||
| Total Assets | $ | 2,928,592,834 | $ | 2,760,820,975 | |
| LIABILITIES AND SHAREHOLDERS' INVESTMENT | |||||
| Current Liabilities | $ | 387,542,969 | $ | 252,692,676 | |
| Other Non-current Liabilities | 49,209,006 | 36,028,644 | |||
| Deferred Income Taxes | 908,922 | — | |||
| Redeemable Non-controlling Interest | 3,102,213 | — | |||
| Shareholders' Investment | 2,487,829,724 | 2,467,950,655 | |||
| Non-Controlling Interest | — | 4,149,000 | |||
| Total Liabilities, Redeemable Non-controlling interest, & Shareholders' Investment | $ | 2,928,592,834 | $ | 2,760,820,975 | |
GENTEX CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)
In this press release, the Company has provided information regarding certain non-GAAP financial measures, which are reconciled to their closest GAAP financial measure in the following schedules. Use of the term "adjusted" or "excluding," as appropriate, in connection with a financial measure can identify and reflect a non-GAAP financial measure.
Non-GAAP Financial Measures: The Company has presented Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Operating Expenses, and Adjusted Income from Operations as supplemental measures of the Company's performance. Current year Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Operating Expenses, and Adjusted Income from Operations exclude certain purchase price adjustments pursuant to ASC 805, acquisition related costs, severance costs, and impairment charges set forth in the table below. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by Net Sales.
| Twelve Months Ended December 31, | ||||||||||||||||
| Gentex | VOXX | Consolidated 2025 | Consolidated 2024 | |||||||||||||
| Gross Profit - GAAP | $ | 787,399,074 | $ | 79,309,866 | $ | 866,708,940 | $ | 771,090,190 | ||||||||
| Inventory purchase price step-up adjustments pursuance to ASC 805 | $ | 398,301 | 2,498,442 | 2,896,743 | — | |||||||||||
| Adjusted Gross Profit - (Non-GAAP) | $ | 787,797,375 | $ | 81,808,308 | $ | 869,605,683 | $ | 771,090,190 | ||||||||
| Gross Margin - GAAP | 34.7 | % | 29.7 | % | 34.2 | % | 33.3 | % | ||||||||
| Adjusted Gross Margin - (Non-GAAP) | 34.7 | % | 30.6 | % | 34.3 | % | 33.3 | % | ||||||||
| Operating Expenses - GAAP | 318,453,383 | 74,319,803 | 392,773,186 | 311,363,617 | ||||||||||||
| Less: | ||||||||||||||||
| Acquisition Related Costs | 2,316,164 | 1,515,844 | 3,832,008 | 1,866,998 | ||||||||||||
| Severance Costs | 10,432,974 | 1,211,764 | 11,644,738 | — | ||||||||||||
| Impairment Charges | — | — | — | 8,864,704 | ||||||||||||
| Adjusted Operating Expenses - (Non-GAAP) | $ | 305,704,245 | $ | 71,592,195 | $ | 377,296,440 | $ | 300,631,915 | ||||||||
| Income from Operations - GAAP | 468,945,691 | 4,990,063 | 473,935,754 | 459,726,573 | ||||||||||||
| Inventory purchase price step-up adjustments pursuance to ASC 805 | 398,301 | 2,498,442 | 2,896,743 | — | ||||||||||||
| Acquisition Related Costs | 2,316,164 | 1,515,844 | 3,832,008 | 1,866,998 | ||||||||||||
| Severance Costs | 10,432,974 | 1,211,764 | 11,644,738 | — | ||||||||||||
| Impairment Charges | — | — | — | 8,864,704 | ||||||||||||
| Adjusted Income from Operations - (Non-GAAP) | $ | 482,093,130 | $ | 10,216,113 | $ | 492,309,243 | $ | 470,458,275 | ||||||||
Adjusted Net Income and Adjusted Earnings per Diluted Share: Adjusted Net Income and Adjusted Earnings per Diluted Share are presented as supplemental measures of the Company's performance. Adjusted Net Income is defined as Net Income adjusted for purchase price adjustments pursuant to ASC 805, acquisition related costs, severance costs, and impairment charges during the twelve months ended December 31, 2025. Adjusted Earnings per Diluted Share is defined as Adjusted Net Income divided by weighted average diluted shares outstanding.
| Twelve Months Ended December 31, | ||||||||||||
| Gentex | VOXX | 2025 Consolidated | 2024 Consolidated | |||||||||
| Net Income Attributable to Gentex Corporation - GAAP | $ | 378,714,570 | $ | 6,126,797 | $ | 384,841,367 | $ | 404,487,743 | ||||
| Inventory purchase price step-up adjustments pursuance to ASC 805, net of tax (1) | 332,183 | 2,083,701 | 2,415,884 | — | ||||||||
| Acquisition Related Costs, net of tax (1) | 1,931,681 | 1,264,214 | 3,195,895 | 1,600,017 | ||||||||
| Severance Costs, net of tax (1) | 8,701,100 | 1,010,611 | 9,711,711 | — | ||||||||
| Impairment Charges, net of tax (1) | — | — | — | 7,597,051 | ||||||||
| Adjusted Net Income Attributable to Gentex Corporation - (Non-GAAP) | $ | 389,679,534 | $ | 10,485,323 | $ | 400,164,857 | $ | 413,684,811 | ||||
| Adjusted Earnings Per Share: | ||||||||||||
| Basic | $ | 1.76 | $ | 0.05 | $ | 1.81 | $ | 1.81 | ||||
| Diluted | $ | 1.76 | $ | 0.05 | $ | 1.81 | $ | 1.81 | ||||
| (1) Tax effect adjustments are made using the Company's effective tax rate and such rate reasonably reflects the tax effects of applicable adjustments. | ||||||||||||
The Company believes that the presentation of the foregoing non-GAAP financial measures provides insight into the Company's core performance and trends with respect to the same. Management of the Company similarly uses such non-GAAP financial measures in assessing the business internally.
This press release was published by a CLEAR® Verified individual.
FAQ
What were Gentex (GNTX) Q4 2025 sales and EPS?
How did the VOXX acquisition affect Gentex (GNTX) 2025 results?
What guidance did Gentex (GNTX) provide for 2026 and 2027 revenue?
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What drove Gentex (GNTX) gross margin improvement in 2025?
