Gentex (GNTX)
NASDAQ:GNTX
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Gentex
(NASDAQ:GNTX)
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Rating:79Outperform
Price Target:
$26.00
▲(14.89% Upside)
Action:ReiteratedDate:04/24/26
The score is driven primarily by strong financial performance—especially the debt-free balance sheet and durable profitability—supported by reasonable valuation (P/E ~13.3 and a ~2.1% dividend). The earnings call was moderately positive on raised revenue guidance and integration progress, but tariff/China and working-capital risks cap the score. Technically, near-term momentum is improving, though the stock remains below longer-term moving averages.
Positive Factors
Debt-free balance sheet
Zero reported debt and growing equity give Gentex durable financial flexibility. This conservatism supports R&D, capex, share repurchases and M&A integration without pressure from interest costs, enabling the company to weather cyclical auto downturns and invest in long-term product transitions.
Negative Factors
Tariff exposure and China revenue decline
Sustained tariffs and retaliatory actions have structurally reduced China sales and created unrecovered costs capitalized in inventory. Persistent trade barriers can permanently impair market access, margin recovery and competitiveness in a large auto market if remedies or pass‑through are limited.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and growing equity give Gentex durable financial flexibility. This conservatism supports R&D, capex, share repurchases and M&A integration without pressure from interest costs, enabling the company to weather cyclical auto downturns and invest in long-term product transitions.
Read all positive factors
Gentex (GNTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.98B
Dividend Yield2.05%
Average Volume (3M)1.88M
Price to Earnings (P/E)11.9
Beta (1Y)0.52
Revenue Growth14.48%
EPS Growth3.93%
CountryUS
Employees6,184
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.78
Shares Outstanding212,951,840
10 Day Avg. Volume1,614,736
30 Day Avg. Volume1,883,876
Financial Highlights & Ratios
PEG Ratio-7.83
Price to Book (P/B)2.05
Price to Sales (P/S)2.02
P/FCF Ratio11.15
Enterprise Value/Market Cap1.75
Enterprise Value/Revenue3.31
Enterprise Value/Gross Profit9.64
Enterprise Value/Ebitda16.20
Forecast
1Y Price Target
$26.40Price Target Upside16.66% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)1.94
Revenue Forecast (FY)$2.65B
Gentex Business Overview & Revenue Model
Company Description
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive...
How the Company Makes Money
Gentex makes money primarily by selling products to automotive original equipment manufacturers (OEMs) and their supply chains for installation on new vehicles. Its largest revenue stream is the sale of interior and exterior automotive mirrors—par...
Gentex Key Performance Indicators (KPIs)
Gentex Earnings Call Summary
Earnings Call Date:Apr 24, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The call presented a mix of encouraging operational and financial results—notably a 17% consolidated revenue increase, gross margin expansion, positive VOXX integration and strong technology launches—while also acknowledging significant headwinds such as a 29% decline in China revenue due to tariffs, continued commodity and tariff cost pressures, higher working capital and some regional unit declines. Management raised full-year revenue guidance and emphasized product-driven growth prospects (FDM, cabin monitoring, large area devices) that should offset production headwinds, signaling confidence in long-term growth despite near-term risks.Positive Updates
Consolidated Revenue Growth and VOXX Contribution
Consolidated net sales of $675.4M in Q1 2026, up 17% year-over-year; VOXX contributed $88.6M of revenue during the quarter and was ~9% above beginning-of-quarter forecast.
Negative Updates
Significant China Revenue Decline
China revenue was approximately $28M in Q1, down 29% year-over-year, primarily reflecting the ongoing impact of tariffs on exports to China.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth and VOXX Contribution
Consolidated net sales of $675.4M in Q1 2026, up 17% year-over-year; VOXX contributed $88.6M of revenue during the quarter and was ~9% above beginning-of-quarter forecast.
Read all positive updates
Company Guidance
For 2026 Gentex raised consolidated revenue guidance to $2.65–$2.75 billion while maintaining consolidated gross margin guidance of 34%–35%; management expects consolidated operating expenses (excluding severance/impairments) of $410–$420 million, an effective tax rate of 16%–18%, capital expenditures of $125–$140 million, and depreciation & amortization of $100–$110 million, and updated 2027 revenue to $2.8–$2.9 billion. The outlook is anchored to the mid‑April S&P Global Mobility forecast (Q2'26 global light vehicle production down ~2%, primary markets down >3%; full‑year 2026 primary markets down ~2%), assumes temporary new tariffs are effective for the full year, and notes approximately $15 million of IEPA tariff costs capitalized in inventory as of March 31 (cumulative tariffs paid ~$42 million, ~$5 million recovered); management attributed the raised revenue view to strong Q1 performance and VOXX results while maintaining margin guidance despite commodity, memory and tariff headwinds.Gentex Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.63B | 2.53B | 2.31B | 2.30B | 1.92B | 1.73B |
| Gross Profit | 903.60M | 866.71M | 771.09M | 762.63M | 609.81M | 619.71M |
| EBITDA | 537.75M | 566.14M | 563.31M | 589.05M | 466.57M | 508.89M |
| Net Income | 388.42M | 384.84M | 404.49M | 428.40M | 318.76M | 360.80M |
Balance Sheet | ||||||
| Total Assets | 3.00B | 2.93B | 2.76B | 2.68B | 2.39B | 2.13B |
| Cash, Cash Equivalents and Short-Term Investments | 175.05M | 151.03M | 255.62M | 240.79M | 241.76M | 267.74M |
| Total Debt | 3.84B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 492.03M | 437.66M | 288.72M | 365.67M | 323.58M | 193.40M |
| Stockholders Equity | 2.50B | 2.49B | 2.47B | 2.31B | 2.07B | 1.94B |
Cash Flow | ||||||
| Free Cash Flow | 346.25M | 458.04M | 353.54M | 353.57M | 191.77M | 293.33M |
| Operating Cash Flow | 438.62M | 587.13M | 498.21M | 537.25M | 338.20M | 362.17M |
| Investing Cash Flow | -261.80M | -266.90M | -202.08M | -299.42M | -172.74M | -113.11M |
| Financing Cash Flow | -317.74M | -407.90M | -289.25M | -230.15M | -209.02M | -410.12M |
Gentex Technical Analysis
Positive
22.63
Price Trends
22.41
Positive
22.90
Negative
24.23
Negative
Market Momentum
<0.01
Negative
59.47
Neutral
60.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNTX, the sentiment is Positive. The current price of 22.63 is above the 20-day moving average (MA) of 21.69, above the 50-day MA of 22.41, and below the 200-day MA of 24.23, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 60.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GNTX.
Gentex Risk Analysis
Gentex disclosed 26 risk factors in its most recent earnings report. Gentex reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gentex Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.98B | 11.88 | 15.67% | 2.05% | 14.48% | 3.93% | |
74 Outperform | $12.58B | 11.51 | 6.34% | 1.24% | 2.36% | 34.03% | |
74 Outperform | $3.05B | 19.91 | 11.08% | 0.57% | -2.04% | -43.19% | |
71 Outperform | $7.00B | 8.78 | 10.41% | 2.63% | 2.86% | 17.30% | |
70 Outperform | $3.71B | 18.14 | 13.06% | ― | 5.04% | -10.80% | |
69 Neutral | $9.10B | 13.85 | 27.78% | 2.60% | 6.14% | 7.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
GNTX
Gentex
23.39
1.63
7.48%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.