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GENTEX CORP

GNTX Clue Score58
United States Fiscal year ends December CIK 0000355811
$21.04 -0.52% Close, 9 Oct 2026
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Price $21.04 −42.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,678.9Operating income511.7Net income347.6EPS, diluted1.19Fiscal year 2017Revenue1,794.9 +6.9%Operating income523.4Net income406.8 +17.0%EPS, diluted1.41 +18.5%Fiscal year 2018Revenue1,834.1 +2.2%Operating income508.1Net income437.9 +7.6%EPS, diluted1.62 +14.9%Fiscal year 2019Revenue1,858.9 +1.4%Operating income488.5Net income424.7 −3.0%EPS, diluted1.66 +2.5%Fiscal year 2020Revenue1,688.2 −9.2%Operating income399.6Net income347.6 −18.2%EPS, diluted1.41 −15.1%Fiscal year 2021Revenue1,731.2 +2.5%Operating income409.8Net income360.8 +3.8%EPS, diluted1.50 +6.4%Fiscal year 2022Revenue1,919.0 +10.8%Operating income370.0Net income318.8 −11.7%EPS, diluted1.36 −9.3%Fiscal year 2023Revenue2,299.2 +19.8%Operating income495.7Net income428.4 +34.4%EPS, diluted1.84 +35.3%Fiscal year 2024Revenue2,313.3 +0.6%Operating income459.7Net income404.5 −5.6%EPS, diluted1.76 −4.3%Fiscal year 2025Revenue2,534.3 +9.6%Operating income473.9Net income384.8 −4.9%EPS, diluted1.74 −1.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,678.9 1,794.9 1,834.1 1,858.9 1,688.2 1,731.2 1,919.0 2,299.2 2,313.3 2,534.3
Growth +6.9% +2.2% +1.4% −9.2% +2.5% +10.8% +19.8% +0.6% +9.6%
Operating income 511.7 523.4 508.1 488.5 399.6 409.8 370.0 495.7 459.7 473.9
Net income 347.6 406.8 437.9 424.7 347.6 360.8 318.8 428.4 404.5 384.8
Growth +17.0% +7.6% −3.0% −18.2% +3.8% −11.7% +34.4% −5.6% −4.9%
EPS, diluted 1.19 1.41 1.62 1.66 1.41 1.50 1.36 1.84 1.76 1.74
Growth +18.5% +14.9% +2.5% −15.1% +6.4% −9.3% +35.3% −4.3% −1.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin39.8%Operating margin30.5%Net margin20.7%Free cash flow margin21.2%Fiscal year 2017Gross margin38.7%Operating margin29.2%Net margin22.7%Free cash flow margin22.1%Fiscal year 2018Gross margin37.6%Operating margin27.7%Net margin23.9%Free cash flow margin25.4%Fiscal year 2019Gross margin37.0%Operating margin26.3%Net margin22.8%Free cash flow margin22.7%Fiscal year 2020Gross margin35.9%Operating margin23.7%Net margin20.6%Free cash flow margin24.5%Fiscal year 2021Gross margin35.8%Operating margin23.7%Net margin20.8%Free cash flow margin16.9%Fiscal year 2022Gross margin31.8%Operating margin19.3%Net margin16.6%Free cash flow margin10.0%Fiscal year 2023Gross margin33.2%Operating margin21.6%Net margin18.6%Free cash flow margin15.4%Fiscal year 2024Gross margin33.3%Operating margin19.9%Net margin17.5%Free cash flow margin15.3%Fiscal year 2025Gross margin34.2%Operating margin18.7%Net margin15.2%Free cash flow margin18.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 39.8% 38.7% 37.6% 37.0% 35.9% 35.8% 31.8% 33.2% 33.3% 34.2%
Operating margin 30.5% 29.2% 27.7% 26.3% 23.7% 23.7% 19.3% 21.6% 19.9% 18.7%
Net margin 20.7% 22.7% 23.9% 22.8% 20.6% 20.8% 16.6% 18.6% 17.5% 15.2%
Free cash flow margin 21.2% 22.1% 25.4% 22.7% 24.5% 16.9% 10.0% 15.4% 15.3% 18.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow477.0Capital expenditure−121.0Free cash flow356.1Buybacks−163.4Dividends paid−101.1Fiscal year 2017Operating cash flow501.0Capital expenditure−104.0Free cash flow397.0 +11.5%Buybacks−231.4Dividends paid−108.8Fiscal year 2018Operating cash flow552.4Capital expenditure−86.0Free cash flow466.4 +17.5%Buybacks−591.6Dividends paid−116.6Fiscal year 2019Operating cash flow506.0Capital expenditure−84.6Free cash flow421.4 −9.7%Buybacks−331.5Dividends paid−116.3Fiscal year 2020Operating cash flow464.5Capital expenditure−51.7Free cash flow412.8 −2.0%Buybacks−288.5Dividends paid−117.2Fiscal year 2021Operating cash flow362.2Capital expenditure−68.8Free cash flow293.3 −28.9%Buybacks−324.6Dividends paid−115.3Fiscal year 2022Operating cash flow338.2Capital expenditure−146.4Free cash flow191.8 −34.6%Buybacks−112.5Dividends paid−113.1Fiscal year 2023Operating cash flow537.2Capital expenditure−183.7Free cash flow353.6 +84.4%Buybacks−147.4Dividends paid−112.2Fiscal year 2024Operating cash flow498.2Capital expenditure−144.7Free cash flow353.5 −0.0%Buybacks−206.1Dividends paid−110.4Fiscal year 2025Operating cash flow587.1Capital expenditure−129.1Free cash flow458.0 +29.6%Buybacks−315.5Dividends paid−106.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 477.0 501.0 552.4 506.0 464.5 362.2 338.2 537.2 498.2 587.1
Capital expenditure −121.0 −104.0 −86.0 −84.6 −51.7 −68.8 −146.4 −183.7 −144.7 −129.1
Free cash flow 356.1 397.0 466.4 421.4 412.8 293.3 191.8 353.6 353.5 458.0
Growth +11.5% +17.5% −9.7% −2.0% −28.9% −34.6% +84.4% −0.0% +29.6%
Buybacks −163.4 −231.4 −591.6 −331.5 −288.5 −324.6 −112.5 −147.4 −206.1 −315.5
Dividends paid −101.1 −108.8 −116.6 −116.3 −117.2 −115.3 −113.1 −112.2 −110.4 −106.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash546.5Total debt185.6Net cash (debt)360.9Shareholders’ equity1,910.4Debt to equity0.10Fiscal year 2017Cash569.7Total debt78.0Net cash (debt)491.7Shareholders’ equity2,049.5Debt to equity0.04Fiscal year 2018Cash217.0Total debt0.0Net cash (debt)217.0Shareholders’ equity1,861.8Debt to equity0.00Fiscal year 2019Cash296.3Total debt0.0Net cash (debt)296.3Shareholders’ equity1,938.1Debt to equity0.00Fiscal year 2020Cash423.4Total debt0.0Net cash (debt)423.4Shareholders’ equity1,963.9Debt to equity0.00Fiscal year 2021Cash262.3Shareholders’ equity1,938.0Fiscal year 2022Cash214.8Shareholders’ equity2,065.8Fiscal year 2023Cash226.4Shareholders’ equity2,312.5Fiscal year 2024Cash233.3Shareholders’ equity2,468.0Fiscal year 2025Cash145.6Shareholders’ equity2,487.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 546.5 569.7 217.0 296.3 423.4 262.3 214.8 226.4 233.3 145.6
Total debt 185.6 78.0 0.0 0.0 0.0 n/a n/a n/a n/a n/a
Net cash (debt) 360.9 491.7 217.0 296.3 423.4 n/a n/a n/a n/a n/a
Shareholders’ equity 1,910.4 2,049.5 1,861.8 1,938.1 1,963.9 1,938.0 2,065.8 2,312.5 2,468.0 2,487.8
Debt to equity 0.10 0.04 0.00 0.00 0.00 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,678.9 1,794.9 1,834.1 1,858.9 1,688.2 1,731.2 1,919.0 2,299.2 2,313.3 2,534.3
Growth +6.9% +2.2% +1.4% −9.2% +2.5% +10.8% +19.8% +0.6% +9.6%
1,010.5 1,100.3 1,143.6 1,170.6 1,082.7 1,111.5 1,309.1 1,536.6 1,542.2 1,667.6
668.5 694.5 690.5 688.3 605.4 619.7 609.8 762.6 771.1 866.7
Growth +3.9% −0.6% −0.3% −12.0% +2.4% −1.6% +25.1% +1.1% +12.4%
94.2 99.7 107.1 114.7 115.9 117.8 133.3 154.4 181.5 203.3
62.5 71.4 75.2 85.1 90.0 92.2 106.5 112.5 121.0 177.9
511.7 523.4 508.1 488.5 399.6 409.8 370.0 495.7 459.7 473.9
Growth +2.3% −2.9% −3.9% −18.2% +2.6% −9.7% +34.0% −7.3% +3.1%
510.6 531.8 522.0 500.4 411.8 416.4 369.7 505.0 472.2 461.1
163.0 125.0 84.2 75.7 64.2 55.6 51.0 76.6 67.7 76.4
347.6 406.8 437.9 424.7 347.6 360.8 318.8 428.4 404.5 384.8
Growth +17.0% +7.6% −3.0% −18.2% +3.8% −11.7% +34.4% −5.6% −4.9%
Per share
1.21 1.42 1.64 1.67 1.41 1.51 1.36 1.84 1.77 1.74
1.19 1.41 1.62 1.66 1.41 1.50 1.36 1.84 1.76 1.74
Growth +18.5% +14.9% +2.5% −15.1% +6.4% −9.3% +35.3% −4.3% −1.1%
288.4 285.9 267.8 251.8 242.6 235.5 230.8 229.4 225.7 217.8
291.1 288.2 269.9 253.3 243.7 236.6 231.2 229.7 226.0 217.8
Growth −1.0% −6.4% −6.2% −3.8% −2.9% −2.3% −0.6% −1.6% −3.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.5% a year over five years, and earnings per share grew 4.3% a year.
  • The diluted share count fell 10.6% in five years, so buybacks did some of the work per share.
  • Operating margin is down 5.0 points on five years ago, at 18.7%.
  • Profitable in every one of the 10 years on file.