Gentex Corporation (GNTX)

Gentex Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,313	2,299	1,919	1,731	1,688
Revenue Growth (YoY)	0.61%	19.82%	10.85%	2.55%	-9.18%
Cost of Revenue	1,542	1,537	1,309	1,111	1,083
Gross Profit	771.09	762.63	609.81	619.71	605.44
Selling, General & Admin	121.02	112.54	106.5	92.16	89.95
Research & Development	181.48	154.36	133.31	117.76	115.94
Operating Expenses	302.5	266.9	239.81	209.93	205.89
Operating Income	468.59	495.73	370.01	409.78	399.56
Interest & Investment Income	13.4	13.5	4.8	3.59	6.99
Other Non Operating Income (Expenses)	1.35	1.74	-3.37	1.91	3.17
EBT Excluding Unusual Items	483.35	510.97	371.44	415.28	409.71
Gain (Loss) on Sale of Investments	-2.27	-5.98	-1.71	1.07	2.1
Asset Writedown	-8.86	-	-	-	-
Pretax Income	472.21	504.98	369.72	416.35	411.81
Income Tax Expense	67.73	76.58	50.97	55.55	64.25
Net Income	404.49	428.4	318.76	360.8	347.56
Preferred Dividends & Other Adjustments	5.61	6.35	4.88	5.59	4.96
Net Income to Common	398.87	422.05	313.88	355.21	342.6
Net Income Growth	-5.58%	34.40%	-11.65%	3.81%	-18.16%
Shares Outstanding (Basic)	226	229	231	236	243
Shares Outstanding (Diluted)	226	230	231	237	244
Shares Change (YoY)	-1.61%	-0.65%	-2.28%	-2.90%	-3.79%
EPS (Basic)	1.77	1.84	1.36	1.51	1.41
EPS (Diluted)	1.76	1.84	1.36	1.50	1.41
EPS Growth	-3.95%	35.34%	-9.58%	6.78%	-15.15%
Free Cash Flow	353.54	353.57	191.77	293.33	412.79
Free Cash Flow Per Share	1.56	1.54	0.83	1.24	1.69
Dividend Per Share	0.480	0.480	0.480	0.480	0.480
Dividend Growth	-	-	-	-	4.35%
Gross Margin	33.33%	33.17%	31.78%	35.80%	35.86%
Operating Margin	20.26%	21.56%	19.28%	23.67%	23.67%
Profit Margin	17.24%	18.36%	16.36%	20.52%	20.29%
Free Cash Flow Margin	15.28%	15.38%	9.99%	16.94%	24.45%
EBITDA	563.31	589.05	466.57	508.89	504.3
EBITDA Margin	24.35%	25.62%	24.31%	29.40%	29.87%
D&A For EBITDA	94.71	93.32	96.57	99.11	104.74
EBIT	468.59	495.73	370.01	409.78	399.56
EBIT Margin	20.26%	21.56%	19.28%	23.67%	23.67%
Effective Tax Rate	14.34%	15.17%	13.79%	13.34%	15.60%
Advertising Expenses	4.5	3.4	3.3	1.8	2

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q