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GNTX

Gentex Corporation

GNTX

Gentex Corporation • NASDAQ
$22.83 ▲ 0.44% (+0.10)
Market Cap $5.00 B
52w High $31.25
52w Low $20.28
Dividend Yield 0.48%
P/E 13.51
Volume 819.68K
Outstanding Shares 218.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $655.236M ▼ $102.322M ▼ $100.968M ▲ 15.409% ▲ $0.46 ▲ $120.571M ▼
Q2-2025 $657.858M ▲ $106.771M ▲ $96.04M ▲ 14.599% ▼ $0.43 ▲ $152.676M ▲
Q1-2025 $576.773M ▲ $78.746M ▼ $94.874M ▲ 16.449% ▲ $0.42 ▲ $141.385M ▲
Q4-2024 $541.638M ▼ $86.458M ▲ $87.668M ▼ 16.186% ▼ $0.38 ▼ $122.46M ▼
Q3-2024 $608.526M $78.335M $122.549M 20.139% $0.54 $148.673M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $183.405M ▲ $2.939B ▲ $441.22M ▲ $2.495B ▲
Q2-2025 $141.078M ▼ $2.814B ▲ $380.689M ▲ $2.43B ▼
Q1-2025 $307.108M ▲ $2.783B ▲ $303.132M ▲ $2.479B ▲
Q4-2024 $255.624M ▲ $2.761B ▲ $288.721M ▼ $2.468B ▲
Q3-2024 $200.102M $2.735B $317.67M $2.418B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-190.524M ▼ $146.983M ▼ $-35.927M ▲ $-49.441M ▲ $58.815M ▲ $111.398M ▼
Q2-2025 $95.65M ▲ $166.139M ▲ $-176.257M ▼ $-156.666M ▼ $-166.784M ▼ $135.028M ▲
Q1-2025 $94.874M ▲ $148.506M ▼ $-5.102M ▲ $-90.164M ▼ $53.24M ▼ $111.783M ▼
Q4-2024 $87.668M ▼ $154.395M ▲ $-55.195M ▼ $-45.521M ▲ $53.679M ▲ $112.693M ▲
Q3-2024 $122.549M $84.69M $-44.804M $-120.488M $-80.602M $45.359M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Aftermarket Products
Aftermarket Products
 $0 ▲$0 ▲$20.00M ▲$20.00M ▲
Automotive Products
Automotive Products
 $530.00M ▲$560.00M ▲$580.00M ▲$570.00M ▼
Fire Protection Products
Fire Protection Products
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Medical Products
Medical Products
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Products
Other Products
 $0 ▲$10.00M ▲$40.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Gentex’s income statement shows a business that is steadily growing and solidly profitable. Sales have climbed over the last several years, with only a very small step‑up recently rather than a big jump. Profit levels have held up well through supply chain and auto‑cycle noise, which suggests the products carry healthy margins and decent pricing power. Earnings have generally trended higher, though the most recent year shows a slight dip in per‑share profit compared with the prior year. That hints at some mix of cost pressure, product mix changes, or heavier spending on growth. Overall, the company still looks like a mature, consistently profitable auto supplier rather than a boom‑and‑bust player.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. Gentex carries no financial debt, holds a meaningful cash cushion, and has been slowly building its asset base and shareholders’ equity over time. This combination points to a conservative financial stance and low balance‑sheet risk. The lack of debt means Gentex has flexibility to invest, handle downturns in the auto market, or fund acquisitions without being constrained by interest payments. One trade‑off is that a conservative balance sheet can sometimes mean slower growth if excess cash is not put to work effectively, but from a risk perspective, this is a very clean financial position.

Cash Flow

Cash Flow Cash generation is a bright spot. The company reliably turns its accounting profits into actual cash, and it has produced positive free cash flow every year in the period shown. That signals a business with good working‑capital discipline and limited day‑to‑day cash strain. Capital spending has moved up in recent years, which suggests Gentex is investing more in new capacity, automation, or new technologies. Even with this higher investment, there is still a comfortable cash surplus left over, giving room for shareholder returns and strategic moves without stressing the finances.

Competitive Edge

Competitive Edge Gentex occupies a very strong niche in the auto supply chain. It dominates the global market for automatic‑dimming mirrors and has long‑standing relationships with nearly all major automakers. That deep integration into vehicle design, plus high switching costs for car makers, gives it a durable edge. Its moat is reinforced by a large patent portfolio, proprietary electrochromic know‑how, and highly automated, vertically integrated manufacturing. Together, these make it hard for rivals to copy product performance or match cost structure. The main competitive risk is technological change: as vehicles add cameras, sensors, and more screens, the battle is shifting toward broader vision systems and software, where competition includes larger electronics and ADAS players.

Innovation and R&D

Innovation and R&D Gentex’s strategy is to use its expertise in controlling light and visibility to move well beyond a simple mirror. It has turned the mirror into a smart electronics hub: integrating displays, cameras, microphones, connectivity, and the HomeLink smart‑home interface. Its full display mirror and in‑cabin monitoring systems are good examples of this shift toward higher‑value, electronics‑rich products. Beyond cars, Gentex is applying its electrochromic technology to aircraft windows and is pushing into larger dimmable glass areas like sunroofs and side windows. It is also working on driver and occupant monitoring, air‑quality sensing, biometric tech, and smart‑home / IoT integration, and is adding consumer electronics and audio through the VOXX acquisition. All of this points to a company leaning heavily into R&D and product innovation to stay relevant as vehicles become more digital and connected. The opportunity is sizable, but there is execution risk: Gentex must prove it can scale these new products, compete in more crowded electronics and software spaces, and successfully integrate acquisitions.

Summary

Overall, Gentex looks like a financially conservative, steadily growing auto supplier with a very strong position in a specialized niche. Its income statement shows consistent profitability, the balance sheet is debt‑free and cash‑rich, and cash flow is strong enough to fund both investment and returns to shareholders. Strategically, the company is using its dominance in electrochromic mirrors as a platform to expand into smart mirrors, in‑cabin sensing, dimmable glass, aerospace, and smart‑home connectivity. Those areas offer attractive long‑term potential but also bring new forms of competition and higher R&D demands. Key things to watch going forward include: how quickly new technologies like full display mirrors and large‑area dimmable glass are adopted; how well Gentex competes in driver monitoring and broader ADAS ecosystems; how the auto cycle affects demand; and how effectively the company turns its innovation pipeline and acquisitions into sustainable, profitable growth.

NEWS

November 28, 2025 · 8:00 AM UTC

Gentex Announces Fourth Quarter 2025 Cash Dividend

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November 20, 2025 · 9:32 AM UTC

GENTEX AND GENIE PARTNER TO BRING CLOUD-BASED GARAGE DOOR ACTIVATION TO HOMELINK

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November 12, 2025 · 9:00 AM UTC

Gentex Corporation Secures Third Year Option on its Advanced Combat Helmet Generation II Contract Worth $38.4 Million

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November 4, 2025 · 8:00 AM UTC

Gentex SEMA 2025: Vehicle Unveils, Aftermarket Tech, and New Product Launch with Ringbrothers

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October 27, 2025 · 1:01 PM UTC

Gentex Corporation Selected by Czech Ministry of Defence for Integrated Headborne Systems, Reflecting Global Trust in Proven Ops-Core® Integrated Ballistic Helmet Solutions

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