Gentex Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,534	2,313	2,299	1,919	1,731
Revenue Growth (YoY)	9.55%	0.61%	19.82%	10.85%	2.55%
Cost of Revenue	1,665	1,542	1,537	1,309	1,111
Gross Profit	869.61	771.09	762.63	609.81	619.71
Selling, General & Admin	177.87	121.02	112.54	106.5	92.16
Research & Development	203.26	181.48	154.36	133.31	117.76
Operating Expenses	381.13	302.5	266.9	239.81	209.93
Operating Income	488.48	468.59	495.73	370.01	409.78
Interest & Investment Income	-	13.4	13.5	4.8	3.59
Other Non Operating Income (Expenses)	-12.87	1.35	1.74	-3.37	1.91
EBT Excluding Unusual Items	475.6	483.35	510.97	371.44	415.28
Merger & Restructuring Charges	-14.54	-	-	-	-
Gain (Loss) on Sale of Investments	-	-2.27	-5.98	-1.71	1.07
Asset Writedown	-	-8.86	-	-	-
Pretax Income	461.06	472.21	504.98	369.72	416.35
Income Tax Expense	76.38	67.73	76.58	50.97	55.55
Net Income	384.68	404.49	428.4	318.76	360.8
Preferred Dividends & Other Adjustments	-	5.61	6.35	4.88	5.59
Net Income to Common	384.68	398.87	422.05	313.88	355.21
Net Income Growth	-4.90%	-5.58%	34.40%	-11.65%	3.81%
Shares Outstanding (Basic)	221	226	229	231	236
Shares Outstanding (Diluted)	221	226	230	231	237
Shares Change (YoY)	-2.19%	-1.61%	-0.65%	-2.28%	-2.90%
EPS (Basic)	1.74	1.77	1.84	1.36	1.51
EPS (Diluted)	1.74	1.76	1.84	1.36	1.50
EPS Growth	-1.40%	-3.95%	35.34%	-9.58%	6.78%
Free Cash Flow	-	353.54	353.57	191.77	293.33
Free Cash Flow Per Share	-	1.56	1.54	0.83	1.24
Dividend Per Share	0.480	0.480	0.480	0.480	0.480
Gross Margin	34.31%	33.33%	33.17%	31.78%	35.80%
Operating Margin	19.28%	20.26%	21.56%	19.28%	23.67%
Profit Margin	15.18%	17.24%	18.36%	16.36%	20.52%
Free Cash Flow Margin	-	15.28%	15.38%	9.99%	16.94%
EBITDA	593.56	563.31	589.05	466.57	508.89
EBITDA Margin	23.42%	24.35%	25.62%	24.31%	29.40%
D&A For EBITDA	105.08	94.71	93.32	96.57	99.11
EBIT	488.48	468.59	495.73	370.01	409.78
EBIT Margin	19.28%	20.26%	21.56%	19.28%	23.67%
Effective Tax Rate	16.57%	14.34%	15.17%	13.79%	13.34%
Advertising Expenses	-	4.5	3.4	3.3	1.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.