GNTXNasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
GENTEX CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$20.87−0.14 (-0.67%)
Close on Oct 19, 2026
- Market cap
- $4.35B
- P/E (TTM)
- 11.0
- Dividend yield
- 2.30%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
34.2%−1.7 pts over 5 years
Operating margin
18.7%−5.0 pts over 5 years
Net margin
15.2%−5.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.6% | +9.7% | +8.5% | +5.1% | |
| Gross profit | +12.4% | +12.4% | +7.4% | +3.7% | |
| Operating income | +3.1% | +8.6% | +3.5% | +0.3% | |
| Net income | -4.9% | +6.5% | +2.1% | +1.9% | |
| EPS, diluted | -1.1% | +8.6% | +4.3% | +4.9% | |
| Free cash flow | +29.6% | +33.7% | +2.1% | +6.0% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | +3.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 19.1% | 17.8% | 15.5% | |
| Return on assets | 15.6% | 15.9% | 13.5% | |
| Current ratio | 7.71 | 5.51 | 2.91 | |
| Interest coverage | – | – | – | |
| Inventory turnover | 5.6× | 4.6× | 3.5× | |
| Capex to revenue | 7.2% | 3.1% | 5.1% | |
| Diluted shares | 291M | 244M | 218M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gentex generated $2.32B from operations and spent $2.34B on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$2.32B
Used
$2.34B
Capital expenditure$672.70M29%Dividends$557.83M24%Share buybacks$1.11B47%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.2%
×Asset turnover0.89×
×Equity multiplier1.15×
=Return on equity, FY202515.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.2% | 0.89× | 1.15× | 15.5% |
| FY2024 | 17.5% | 0.86× | 1.12× | 16.9% |
| FY2023 | 18.6% | 0.93× | 1.13× | 19.6% |
| FY2022 | 16.6% | 0.86× | 1.11× | 15.9% |
| FY2021 | 20.8% | 0.80× | 1.11× | 18.5% |
| FY2020 | 20.6% | 0.77× | 1.12× | 17.8% |
| FY2019 | 22.8% | 0.87× | 1.12× | 22.4% |
| FY2018 | 23.9% | 0.83× | 1.13× | 22.4% |
| FY2017 | 22.7% | 0.77× | 1.18× | 20.5% |
| FY2016 | 20.7% | 0.75× | 1.23× | 19.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$384.84M
- Cash generatingOperating cash flow above zero$587.13M
- Return on assets improvedROA up on the prior year15.5% → 13.9%
- Earnings backed by cashOperating cash flow above net income$587.13M vs $384.84M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.11 → 2.91
- No dilutionShare count did not rise226M → 218M
- Gross margin improvedGross margin up on the prior year33.33% → 34.20%
- More efficientAsset turnover rose0.89 → 0.92