Gentex Corporation
Financial Performance
Gentex Revenue & Financials
Revenue
$2.5B (FY2025)
Market Cap
$4.7B
Net Income
$384.8M
Employees
6,398
What is Gentex's revenue?
Gentex had $2.5B in revenue for fiscal year 2025, up 9.6% from 2024. Net income was $384.8M.
- Latest revenue
- $2.5B (FY2025)
- Year-over-year
- +9.6%
- Growth rate (CAGR)
- 4.7% over 9 years
- Peak revenue
- $2.5B (FY2025)
- Years of data
- 10
- Employees
- 6,398
Financial Analysis
Gentex's revenue grew from $1.68 billion in 2016 to $2.53 billion in 2025, with net income ranging between roughly $319 million and $438 million over that span. 2025 consolidated gross margin was 34.2% (core Gentex 34.7%), operating income was $473.9 million and diluted EPS was $1.74. The fourth quarter of 2025 brought $644.4 million of sales, up 19%, with VOXX contributing $103.4 million. In the second quarter of 2026, sales dipped 1% to $651.3 million but gross margin rose 280 basis points to 37.0% and net income reached $114.7 million ($0.58 per share). Gentex funds dividends and steady buybacks from operating cash flow, returning $425.9 million to shareholders in 2025. Gentex Corporation is a major automotive supplier holding a near-monopoly on specific tech, sustaining a market valuation generally exceeding $8 billion.
Revenue Trend Analysis
YoY Change
+9.6%
9-Year CAGR
+4.7%
Peak Year
2025
Trend
Consistent Growth
Gentex Corporation has 10 full fiscal year figures on this page, compounding at +4.7% annually over 9 years. The most recent year saw a 9.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $2.5B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Gentex Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $587.1M | $2.9B | $437.7M | $2.5B | Form 10-K |
| FY2024ended Dec 31, 2024 | $498.2M | $2.8B | $288.7M | $2.5B | Form 10-K |
| FY2023ended Dec 31, 2023 | $537.2M | $2.6B | $298.9M | $2.3B | Form 10-K |
| FY2022ended Dec 31, 2022 | $338.2M | $2.3B | $261.4M | $2.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $362.2M | $2.1B | $193.4M | $1.9B | Form 10-K |
| FY2020ended Dec 31, 2020 | $464.5M | $2.2B | $234M | $2B | Form 10-K |
| FY2019ended Dec 31, 2019 | $506M | $2.2B | $230.7M | $1.9B | Form 10-K |
| FY2018ended Dec 31, 2018 | $552.4M | $2.1B | $223.7M | $1.9B | Form 10-K |
| FY2017ended Dec 31, 2017 | $501M | $2.4B | $302.5M | $2B | Form 10-K |
| FY2016ended Dec 31, 2016 | $477M | $2.3B | $399.2M | $1.9B | Form 10-K |
Keep researching Gentex
Gentex Revenue and Financial FAQ
What is the typical annual revenue and profitability profile of Gentex Corporation?
Gentex Corporation reported revenue of $2.5 billion for fiscal year 2025, up from $2.3 billion in fiscal 2024.
How does Gentex maintain a pristine debt-free corporate balance sheet?
Gentex maintains a conservative balance sheet characterized by zero long-term funded debt, holding substantial cash, cash equivalents, and short-term investment balances that provide large operational flexibility and insulation against automotive industry downturns.
What is Gentex's capital return policy regarding dividends and share buybacks?
Gentex returns substantial excess free cash flow to shareholders through consistent, quarterly cash dividend payouts and active multi-hundred-million-dollar share repurchase programs that continually reduce total outstanding diluted common share count.
How do automotive vehicle build rates and supply chain bottlenecks impact Gentex's revenue?
Because Gentex sells components on a per-vehicle basis, global light vehicle production volumes, OEM plant shutdowns, and semiconductor supply constraints directly impact quarterly unit shipment volumes and revenue recognized.
What portion of revenue does Gentex allocate toward research and development (R&D)?
Gentex consistently reinvests approximately 6% to 8% of total net sales into R&D and engineering annually, funding advanced chemistry, custom CMOS sensor development, biometric sensing, digital displays, and micro-optics research.
How does Gentex manage working capital and inventory during fluctuating automotive build cycles?
Gentex utilizes automated inventory tracking, lean manufacturing principles, and regional finished-goods safety stock near OEM assembly corridors to balance high manufacturing throughput with minimal excess working capital lockup.
What is the content-per-vehicle (CPV) metric and why is it vital to Gentex's growth?
Content-per-vehicle measures the average dollar value of Gentex components installed on each vehicle produced. As automakers adopt higher-value products like Full Display Mirrors ($150-$250 CPV) over base electrochromic mirrors ($30-$50 CPV), Gentex's revenue grows even in flat global vehicle production environments.
How does Gentex manage foreign currency exchange exposure across international sales?
Gentex denominates the vast majority of its OEM sales contracts in US Dollars and Euros, selectively using forward foreign exchange derivative contracts to mitigate transactional currency fluctuations against the Euro, Japanese Yen, and British Pound.
Is Gentex profitable?
Incredibly so. While most automotive parts suppliers suffer from razor-thin margins and massive debt, Gentex is legendary on Wall Street for operating completely debt-free with massive gross margins. Because they own thousands of patents around electrochromic technology, automakers have no choice but to pay their premium prices.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Gentex Revenue & Financials." CorpDigest, https://corpdigest.com/company/gentex/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Gentex reported $2.5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/gentex/financials" target="_blank" rel="noopener">CorpDigest — Gentex financials</a></div>Related Financial Audits
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