Gentex Corporation
Rank #234Capital ReturnGNTX · Nasdaq · Consumer Cyclical
Gentex Corporation (GNTX) — Rank #234 by gross profitability (GP/assets 0.29) · ROE 15.4% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000355811 · all metrics point-in-time as of the filing date.
About
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, fire protection technologies, audio products, medical devices, and consumer electronics.
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It operates through Automotive Products, Audio Products, and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers; and HomeLink modules for the automotive industry. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, visual signaling alarms, photoelectric smoke alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling appliances, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings. It sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Further, the company is involved in the research and development of nanofiber chemical sensing products; and market and sale of eSight smart glasses to consumers with visual impairment or eye conditions, as well as of identity authentication and access control products that utilizes biometrics technology. It operates in the United States, China, Germany, Japan, Mexico, South Korea, and internationally.
Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan.
- Industry
- Auto Parts
- Sector
- Consumer Cyclical
- State
- MI
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- gentex.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$4.76B
P/E (annual)
12.9
P/S (annual)
1.9
P/B
1.9
P/OCF (annual)
8.1
Shareholder Yield
5.9%
Employees
6,398
Industry
Auto Parts
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-1.0%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -3.6% — per-share value needs a total required return of -4.6% once share-count change is priced in.
vs. own 6-year median revenue growth: 6.0%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-4.8%
r = 10% (base)
-1.0%
r = 12%
2.3%
Net debt / market cap: -9.8%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.29
Primary signal (Novy-Marx).
2nd of 12 SIC 3714 peers
Return on equity
15.4%
Gross margin
34.2%
3rd of 12 SIC 3714 peers
Revenue growth (YoY)
9.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
9.7%
Revenue CAGR (5Y)
8.5%
Earnings CAGR (3Y)
6.5%
FCF CAGR (3Y)
33.7%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.18
1st of 11 SIC 3714 peers (best = lowest)
Current ratio
3.04×
3rd of 12 SIC 3714 peers
Quick ratio
1.55×
Net cash
$477.59M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$458.04M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.19
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.4%
Stock-based comp intensity.
Dividend safety
Composite score
3.0 / 5
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.