Gentex Corporation logo GNTX - Gentex Corporation

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STRONG
BUY
0
BUY 11
HOLD 7
SELL 2
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| PRICE TARGET: $26.00 DETAILS
HIGH: $26.00
LOW: $26.00
MEDIAN: $26.00
CONSENSUS: $26.00
UPSIDE: 9.01%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 2,534.3 2,313.3 2,299.2 1,919.0 1,731.2 1,688.2 1,858.9 1,834.1 1,794.9 1,678.9 1,543.6 1,375.5 1,171.9 1,099.6 1,023.8 816.3 544.5 623.8 653.9 572.3 536.5 505.7 469.0 395.3 310.3 297.4 262.2 222.3 186.3 148.7 111.6 89.8 63.7
Cost of Revenue 1,667.6 1,542.2 1,536.6 1,309.1 1,111.5 1,082.7 1,170.6 1,143.6 1,100.3 1,010.5 939.8 836.6 741.1 726.7 662.2 520.6 367.0 420.7 426.2 373.2 337.8 297.9 272.5 235.6 188.3 160.3 138.4 123.8 111.9 89.1 64.3 48 33.9
Gross Profit 866.7 771.1 762.6 609.8 619.7 605.4 688.3 690.5 694.5 668.5 603.8 538.9 430.7 372.8 361.6 295.7 177.6 203.1 227.7 199.1 198.6 207.7 196.5 159.6 122.0 137.1 123.8 98.5 74.4 59.6 47.3 41.8 29.8
Operating Expenses
R&D Expenses 203.3 181.5 154.4 133.3 117.8 115.9 114.7 107.1 99.7 94.2 88.4 84.2 76.5 85.0 81.6 64.1 47.1 51.9 50.7 41.8 35.1 30.8 26.6 23.0 20.7 16.9 13.8 11 9.1 7.5 6 4.9 0
SG&A Expenses 177.9 121.0 112.5 106.5 92.2 90.0 85.1 75.2 71.4 62.5 56.6 55.9 49.5 48.4 48.6 40.6 35.8 42.4 35.3 30.9 27.3 26.8 23.3 21.5 19.3 17.6 14.1 12.1 10.8 11.7 12.9 10.6 11.4
Other Expenses 0 8.9 0 0 0 0 0 0 0 (1.2) 0 0 0 0 0 0 0 0 2.9 0 0 0 0 0 0 12.1 10.4 8.1 7 4.5 3.5 3.3 4.6
Operating Expenses 381.1 311.4 266.9 239.8 209.9 205.9 199.8 182.3 171.2 156.7 145.0 140.1 126.0 133.4 130.2 104.7 82.9 110.9 88.9 72.7 62.3 57.7 49.9 44.4 39.9 46.7 38.3 31.2 26.9 23.7 22.4 18.8 16
Operating Income
Operating Income 485.6 459.7 495.7 370.0 409.8 399.6 488.5 508.1 523.4 511.7 458.8 398.8 304.7 234.5 231.4 191.0 94.6 108.8 138.8 126.4 136.3 150.1 146.6 115.2 82.1 90.4 85.5 67.3 47.5 35.8 25 23 13.8
Interest Expense 0 0 0 0 0 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 13.4 13.5 4.8 3.6 7.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 566.1 563.3 589.1 466.6 508.9 504.3 593.2 610.3 622.9 600.3 539.4 476.2 367.6 289.6 274.0 229.6 133.0 144.7 171.3 154.2 160.1 171.8 168.1 134.9 98.2 102.6 95.9 75.4 54.5 40.3 28.5 26.3 18.4
EBIT 461.1 468.6 495.7 370.0 409.8 399.6 488.5 508.1 523.4 511.7 458.8 398.8 304.7 239.5 231.4 191.0 94.6 108.8 138.8 126.4 136.3 150.1 146.6 115.2 82.1 90.4 85.5 67.3 47.5 35.8 25 23 13.8
Income Before Tax 461.1 472.2 505.0 369.7 416.4 411.8 500.4 522.0 531.8 510.6 463.6 415.3 328.1 249.6 244.4 203.4 96.4 92.2 179.7 159.0 159.9 165.7 158.2 127.1 96.6 104.5 96.3 74.7 52.2 35.5 27.9 24.7 14.7
Income Tax Expense 76.4 67.7 76.6 51.0 55.6 64.2 75.7 84.2 125.0 163.0 145.1 126.7 105.1 81.0 79.8 65.7 31.7 30.1 57.6 50.2 50.4 53.1 51.4 41.3 31.4 34.0 31.4 24.4 17 11.5 9 8.2 4.9
Net Income 384.8 404.5 428.4 318.8 360.8 347.6 424.7 437.9 406.8 347.6 318.5 288.6 222.9 168.6 164.7 137.7 64.6 62.1 122.1 108.8 109.5 112.7 106.8 85.8 65.2 70.5 64.9 50.3 35.2 24 18.9 16.5 9.8
Per Share Data
EPS (Basic) 1.74 1.77 1.84 1.36 1.51 1.41 1.67 1.64 1.42 1.21 1.09 0.99 0.78 0.59 0.58 0.50 0.24 0.22 0.43 0.37 0.35 0.37 0.35 0.28 0.22 0.24 0.22 0.18 0.13 0.09 0.07 0.06 0.04
EPS (Diluted) 1.74 1.76 1.84 1.36 1.50 1.41 1.66 1.62 1.41 1.19 1.08 0.98 0.78 0.59 0.57 0.49 0.24 0.22 0.43 0.37 0.35 0.36 0.34 0.28 0.22 0.23 0.22 0.17 0.12 0.08 0.07 0.06 0.04
Shares Outstanding 219.5 225.7 229.4 230.8 235.5 242.6 251.8 267.8 285.9 288.4 293.1 291.0 286.9 286.2 285.0 278.7 274.5 281.8 286.1 293.9 312.9 308.6 307.2 301.0 299.8 297.0 291.7 287.4 276.1 274.3 260.7 272.2 261.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 145.6 233.3 226.4 218.8 262.3 423.4 296.3 217.0 722.3 723.5 336.1 294.3 395.5 322.7 168.8 139.8 110.2 69.2 50 26.8 16.7 14.1 11.2 6
Short-Term Investments 5.4 22.3 14.4 23.0 5.4 27.2 140.4 169.4 0 0 17.1 29.2 99.3 70.9 46.8 65.9 28.2 25.5 0 0 0 0 0 0
Net Receivables 368.5 295.3 321.8 276.5 249.8 284.9 235.4 213.5 231.1 211.6 71.2 44.5 56.1 59.0 35.9 32.0 35.6 30.6 30.3 24.5 17 14.7 11.1 8.9
Inventory 516.3 436.5 402.5 404.4 316.3 226.3 248.9 225.3 216.8 189.3 53.6 55.0 30.6 20.9 17.7 14.4 12.1 10 8.7 8.8 6.2 5.7 5.3 4
Other Current Assets 92.6 0 32.7 26.0 0 17.6 29.3 0 0 0 0 0 0 0 0 0 4.4 2.9 26.4 15.8 32.8 21.6 8.8 8.2
Total Current Assets 1,128.4 1,037.3 997.7 948.7 873.0 979.3 950.4 850.9 1,184.6 1,155.0 505.4 457.2 592.6 485.3 276.8 259.9 190.6 138.2 115.4 75.9 72.7 56.1 36.4 27.1
Non-Current Assets
Property, Plant & Equipment 790.9 728.5 652.9 550.0 464.1 468.1 498.3 498.5 492.5 465.8 197.5 215.0 135.6 126.8 125.0 110.9 81.9 71.3 59.4 42.2 31.6 18.9 17.2 13.7
Goodwill 357.2 340.7 340.1 313.8 314.0 311.9 307.4 307.4 307.4 307.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 189.3 261.6 214.0 219.4 272.6 249.7 250.4 290.7 309.9 331.5 10.5 9.7 6.4 4.8 4.0 3.3 2.6 2.3 1.4 1.3 2.2 2.1 0.6 0.5
Long-Term Investments 273.0 339.6 299.1 202.3 207.7 162.0 139.9 138.0 57.8 49.9 119.7 91.0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 81.4 53.2 66.5 67.5 33.5 26.8 22.5 (54,521.5) (58,888.6) (71,212.6) (28,047.5) (15,044.3) 122.2 145.6 203.4 132.8 153.0 125.9 78.7 70.4 33.9 32.1 26.3 13.9
Total Non-Current Assets 1,800.2 1,723.5 1,680.4 1,440.7 1,258.4 1,244.9 1,234.1 1,234.5 1,167.5 1,154.6 317.2 306.0 264.3 277.2 332.4 247.0 237.6 199.5 139.5 113.9 67.7 53.1 44.1 28.1
Total Assets 2,928.6 2,760.8 2,678.2 2,389.4 2,131.4 2,224.2 2,184.4 2,085.4 2,352.1 2,309.6 822.6 763.1 856.9 762.5 609.2 506.8 428.1 337.7 254.9 189.8 140.4 109.2 80.5 55.2
Current Liabilities
Account Payables 0 168.3 184.4 151.7 98.3 84.8 97.6 92.8 89.9 80.0 27.5 19.7 19.8 18.3 11.8 9.4 9.3 8.3 7.6 8.8 5.8 5.4 4.1 2.2
Short-Term Debt 0 0 0 0 0 0 0 0 78 7.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 387.5 37.1 63.8 62.6 69.1 70.6 57.9 56.2 56.9 49.4 22.7 24.8 0 0 0 0 10.4 8.2 7.2 5.8 5.6 8.7 4.7 3.3
Total Current Liabilities 387.5 252.7 271.6 250.6 181.7 177.7 171.8 169.2 243.6 149.9 58.6 49.5 50.9 50.5 29.1 21.0 19.7 16.5 14.8 14.6 11.4 14.1 8.8 5.5
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 178.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0.9 0 66.8 62.1 0 65.2 67.1 69.6 75.7 98.1 28.0 15.0 22.7 18.4 6.5 6.8 6.3 4.2 3 2 1.2 0.5 0.4 0.1
Other Non-Current Liabilities 49.2 36.0 27.3 10.9 11.7 17.3 7.4 0 0 0 0 0 0 0 0 0 0 (0.1) 0.1 0 0 (0.1) (0.1) 0.1
Total Non-Current Liabilities 50.1 36.0 94.1 73.0 11.7 82.5 74.5 69.6 75.7 276.2 28.0 15.0 22.7 18.4 6.5 6.8 6.3 4.1 3.1 2 1.2 0.4 0.3 0.2
Total Liabilities 437.7 288.7 365.7 323.6 193.4 260.3 246.4 238.7 319.4 426.1 86.7 64.5 73.6 68.9 35.5 27.8 26.0 20.6 17.9 16.6 12.6 14.5 9.1 5.7
Stockholders' Equity
Common Stock 12.9 13.6 13.9 14.1 14.2 14.6 15.1 15.6 16.8 17.3 8.3 8.3 4.7 4.6 4.6 4.5 4.5 4.4 0 0 0 0 0 0
Retained Earnings 1,466.0 1,450.3 1,336.9 1,148.4 1,042.5 1,089.7 1,116.4 1,102.5 1,302.0 1,211.0 438.9 435.0 591.5 528.4 454.2 368.4 303.2 232.7 167.8 117.5 82.3 58.3 39.4 22.9
Accumulated Other Comprehensive Income 0.3 (6.4) (6.6) (14.1) 1.9 6.9 (1.3) (1.6) 7.2 (1.3) 18.3 1.5 11.8 7.8 (9.1) 0.7 2.3 0.3 (27.9) (20.8) (15.6) (12.3) 0 0
Total Stockholders' Equity 2,487.8 2,468.0 2,312.5 2,065.8 1,938.0 1,963.9 1,938.1 1,861.8 2,049.5 1,910.4 735.9 698.6 783.3 693.6 573.6 479.0 402.1 317.1 237 173.2 127.8 94.7 71.4 49.5
Total Liabilities & Equity 2,928.6 2,760.8 2,678.2 2,389.4 2,131.4 2,224.2 2,184.4 2,100.5 2,368.9 2,336.5 822.6 763.1 856.9 762.5 609.2 506.8 428.1 337.7 254.9 189.8 140.4 109.2 80.5 55.2
Debt Metrics
Total Debt 0 0 0 0 0 0 0 0 78 185.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt (145.6) (233.3) (226.4) (218.8) (262.3) (423.4) (296.3) (217.0) (491.7) (360.9) (336.1) (294.3) (395.5) (322.7) (168.8) (139.8) (110.2) (69.2) (50) (26.8) (16.7) (14.1) (11.2) (6)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 379.1 404.5 428.4 318.8 360.8 347.6 424.7 437.9 406.8 347.6 109.5 112.7 106.8 85.8 65.2 70.5 64.9 50.3 35.2 24 18.9 16.5 9.8
Depreciation & Amortization 104.0 94.7 93.3 96.6 99.1 104.7 104.7 102.2 99.6 88.6 25.5 23.3 21.5 19.7 16.1 12.1 10.4 8.1 7 4.5 3.5 3.3 4.6
Stock-Based Compensation 0 39.5 39.2 30.2 27.4 30.8 21.7 18.3 18.4 19.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 54.5 (40.4) (12.0) (91.2) (82.1) (0.9) (41.7) 0.9 (7.9) (1.4) (7.0) (7.3) (20.3) 2.4 (0.8) (5.1) (0.4) (5.9) (7) (5.6) 1 (0.2) (2.8)
Other Non-Cash Items 67.9 12.3 6.1 1.7 (1.3) (2.2) (0.1) (2.5) (0.8) (5.0) 0.4 0.3 6.6 7.5 (0.2) 0.6 (1.6) (0.1) 0.1 (0.1) (0.1) 0.3 (0.1)
Operating Cash Flow 587.1 498.2 537.2 338.2 362.2 464.5 506.0 552.4 501.0 471.5 126.2 131.4 116.6 119.1 81.4 78.7 74 52.1 35 24 23.2 19.9 10.4
Investing Activities
Capital Expenditure (129.1) (144.7) (183.7) (146.4) (68.8) (51.7) (84.6) (86.0) (104.0) (121.0) (53.5) (30.5) (22.2) (32.6) (45.3) (21.6) (22) (24.6) (16.4) (16.4) (4.9) (6.2) (10)
Acquisitions (147.9) (30.5) (18.9) (33.8) (12.1) (11.2) 2.0 0.7 0.2 0.7 1.1 0.1 0.1 0.2 1.2 0.1 0.5 0.1 0.3 0 0 0 0
Purchases of Investments (65.0) (82.5) (168.9) (30.1) (113.2) (73.7) (153.3) (332.1) (29.9) (216.7) (101.4) (105.6) (209.8) (148.7) (54.0) (57.8) (78.7) (33.9) (54.1) (42.9) (30.7) (0.8) (3.6)
Sales/Maturities of Investments 76.9 58.9 76.3 40.9 83.9 167.0 182.2 237.1 53.3 92.8 131.2 109.9 269.6 79.5 35.4 31.1 32.2 17.4 37.2 30 13 0 0
Other Investing Activities 0 (3.3) (4.2) (3.3) (2.9) (3.9) (3.0) (5.6) 2.6 (7.3) (2.0) (1.0) (0.2) (1.0) (1.0) (0.7) (0.9) (0.3) (0.3) (0.3) (1.8) (12.7) 1.4
Investing Cash Flow (266.9) (202.1) (299.4) (172.7) (113.1) 26.4 (56.7) (185.8) (77.7) (251.4) (24.6) (27.1) 37.5 (102.5) (63.6) (49.0) (68.9) (41.3) (33.3) (29.6) (24.4) (19.7) (12.2)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 (78) (107.6) (47.5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (315.5) (206.1) (147.4) (112.5) (324.6) (288.5) (331.5) (591.6) (231.4) (163.4) (25.2) 0 (10.2) 0 0 0 0 0 0 0 0 0 0
Dividends Paid (106.9) (110.4) (112.2) (113.1) (115.3) (117.2) (116.3) (116.6) (108.8) (101.1) (53.8) 0 (11.5) 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 27.3 29.4 16.6 29.8 41.8 77.8 66.8 47.8 86.9 0 (48.0) 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow (407.9) (289.3) (230.2) (209.0) (410.1) (363.9) (370.0) (719.3) (400.0) (225.1) (57.5) (31.4) (0.3) 12.5 11.8 11.2 14.1 12.4 8.3 8.3 4.1 5 3.7
Cash Position
Net Change in Cash (87.7) 6.9 7.7 (43.6) (161.1) 127.0 79.3 (352.7) 23.3 (5.1) 44.1 72.9 153.8 29.0 29.6 41.0 19.2 23.2 10 2.7 2.9 5 3.7
Cash at Beginning 233.3 226.4 218.8 262.3 423.4 296.3 217.0 569.7 546.5 551.6 395.5 322.7 168.8 139.8 110.2 69.2 50 26.8 16.7 14.1 11.2 6 4.1
Cash at End 145.6 233.3 226.4 218.8 262.3 423.4 296.3 217.0 569.7 546.5 439.7 395.5 322.7 168.8 139.8 110.2 69.2 50 26.7 16.8 14.1 11 7.8
Free Cash Flow 458.0 353.5 353.6 191.8 293.3 412.8 421.4 466.4 397.0 350.5 72.7 100.8 94.3 86.6 36.1 57.1 52 27.5 18.6 7.6 18.3 13.7 0.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 2,534.3 2,313.3 2,299.2 1,919.0 1,731.2 1,688.2 1,858.9 1,834.1 1,794.9 1,678.9 1,543.6 1,375.5 1,171.9 1,099.6 1,023.8 816.3 544.5 623.8 653.9 572.3 536.5 505.7 469.0 395.3 310.3 297.4 262.2 222.3 186.3 148.7 111.6 89.8 63.7
Gross Profit 866.7 771.1 762.6 609.8 619.7 605.4 688.3 690.5 694.5 668.5 603.8 538.9 430.7 372.8 361.6 295.7 177.6 203.1 227.7 199.1 198.6 207.7 196.5 159.6 122.0 137.1 123.8 98.5 74.4 59.6 47.3 41.8 29.8
Operating Income 485.6 459.7 495.7 370.0 409.8 399.6 488.5 508.1 523.4 511.7 458.8 398.8 304.7 234.5 231.4 191.0 94.6 108.8 138.8 126.4 136.3 150.1 146.6 115.2 82.1 90.4 85.5 67.3 47.5 35.8 25 23 13.8
Net Income 384.8 404.5 428.4 318.8 360.8 347.6 424.7 437.9 406.8 347.6 318.5 288.6 222.9 168.6 164.7 137.7 64.6 62.1 122.1 108.8 109.5 112.7 106.8 85.8 65.2 70.5 64.9 50.3 35.2 24 18.9 16.5 9.8
EPS (Diluted) 1.74 1.76 1.84 1.36 1.50 1.41 1.66 1.62 1.41 1.19 1.08 0.98 0.78 0.59 0.57 0.49 0.24 0.22 0.43 0.37 0.35 0.36 0.34 0.28 0.22 0.23 0.22 0.17 0.12 0.08 0.07 0.06 0.04
Balance Sheet
Cash & Equivalents 145.6 233.3 226.4 218.8 262.3 423.4 296.3 217.0 722.3 723.5 336.1 294.3 395.5 322.7 168.8 139.8 110.2 69.2 50 26.8 16.7 14.1 11.2 6
Total Assets 2,928.6 2,760.8 2,678.2 2,389.4 2,131.4 2,224.2 2,184.4 2,085.4 2,352.1 2,309.6 822.6 763.1 856.9 762.5 609.2 506.8 428.1 337.7 254.9 189.8 140.4 109.2 80.5 55.2
Total Debt 0 0 0 0 0 0 0 0 78 185.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 2,487.8 2,468.0 2,312.5 2,065.8 1,938.0 1,963.9 1,938.1 1,861.8 2,049.5 1,910.4 735.9 698.6 783.3 693.6 573.6 479.0 402.1 317.1 237 173.2 127.8 94.7 71.4 49.5
Cash Flow
Operating Cash Flow 587.1 498.2 537.2 338.2 362.2 464.5 506.0 552.4 501.0 471.5 126.2 131.4 116.6 119.1 81.4 78.7 74 52.1 35 24 23.2 19.9 10.4
Capital Expenditure (129.1) (144.7) (183.7) (146.4) (68.8) (51.7) (84.6) (86.0) (104.0) (121.0) (53.5) (30.5) (22.2) (32.6) (45.3) (21.6) (22) (24.6) (16.4) (16.4) (4.9) (6.2) (10)
Free Cash Flow 458.0 353.5 353.6 191.8 293.3 412.8 421.4 466.4 397.0 350.5 72.7 100.8 94.3 86.6 36.1 57.1 52 27.5 18.6 7.6 18.3 13.7 0.4