Gentex (GNTX)
NASDAQ:GNTX
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Gentex
(NASDAQ:GNTX)
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Rating:78Outperform
Price Target:
$23.50
▲(10.85% Upside)
Action:ReiteratedDate:02/28/26
The score is driven primarily by strong financial quality (notably the debt-free balance sheet and durable profitability) and a reasonable valuation with a solid dividend. The latest earnings call supports the outlook via margin progress and VOXX synergy targets, but meaningful tariff/commodity and China-related headwinds persist. Technically, the stock’s trend is weak (below key moving averages), which limits the overall score despite near-oversold signals.
Positive Factors
Conservative Balance Sheet
Zero total debt and steadily rising equity give Gentex durable financial flexibility. This conservatism supports capital allocation for R&D, platform investments, acquisitions and buybacks, and reduces solvency risk through cyclical auto demand swings.
Negative Factors
China Revenue Decline
Material China revenue contraction from tariffs is a structural headwind given the market's size. Prolonged trade barriers or slower recovery in Chinese OEM demand can permanently reduce addressable volume and depress margins on global programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Zero total debt and steadily rising equity give Gentex durable financial flexibility. This conservatism supports capital allocation for R&D, platform investments, acquisitions and buybacks, and reduces solvency risk through cyclical auto demand swings.
Read all positive factors
Gentex (GNTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.57B
Dividend Yield2.05%
Average Volume (3M)1.86M
Price to Earnings (P/E)13.3
Beta (1Y)0.56
Revenue Growth2.99%
EPS Growth-9.80%
CountryUS
Employees6,184
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.43
Shares Outstanding215,402,360
10 Day Avg. Volume2,053,094
30 Day Avg. Volume1,860,223
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 Cap1.01
Enterprise Value/Revenue1.83
Enterprise Value/Gross Profit5.34
Enterprise Value/Ebitda8.39
Forecast
1Y Price Target
$26.50Price Target Upside25.00% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)1.96
Revenue Forecast (FY)$2.67B
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:Jan 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Positive
Overall the call conveyed a positive operational and strategic progression: consolidated revenue and operating cash flow grew, management hit stated gross margin targets (core gross margin up materially), key product launches and customer wins advanced, and VOXX integration is progressing toward targeted synergies. Material headwinds remain — notably steep China revenue declines from tariffs, tariff-driven margin pressure (~150 bps in Q4), commodity and memory cost inflation, higher effective tax rate, and near-term working capital impacts. On balance, achievements in margin recovery, product commercialization, cash generation, and acquisition integration outweigh the lowlights, though the company faces tangible macro and supply-chain risks that could constrain near-term upside.Positive Updates
Consolidated Revenue Growth (Q4 & FY)
Consolidated net sales for Q4 2025 were $644.4 million, up 19% year-over-year (voxx contributed $103.4M). Consolidated revenue for calendar year 2025 was $2.53 billion, up 10% versus $2.31 billion in 2024 (includes nine months of VOXX). Core Gentex Q4 revenue was $541 million and core Gentex full-year sales were $2.27 billion.
Negative Updates
Severe China Revenue Decline
Sales into China for the quarter were $34.5 million, down 33% year-over-year due to tariff impacts. Management noted a ~29% year-over-year sales decline in China for the year, materially pressuring core Gentex sales and margins.
Read all updates
Q4-2025 Updates
Positive
Negative
Consolidated Revenue Growth (Q4 & FY)
Consolidated net sales for Q4 2025 were $644.4 million, up 19% year-over-year (voxx contributed $103.4M). Consolidated revenue for calendar year 2025 was $2.53 billion, up 10% versus $2.31 billion in 2024 (includes nine months of VOXX). Core Gentex Q4 revenue was $541 million and core Gentex full-year sales were $2.27 billion.
Read all positive updates
Company Guidance
Management provided 2026 guidance of consolidated revenue of $2.6–$2.7 billion (based on S&P Global Mobility’s mid‑January 2026 LVP forecast for North America, Europe, Japan, Korea and China), consolidated gross margin of 34–35%, consolidated operating expenses excluding severance of $410–$420 million, an effective tax rate of 16–18%, capital expenditures of $125–$140 million, and depreciation & amortization of $100–$110 million; they also guided 2027 revenue of $2.75–$2.85 billion. Management said results assume mostly flat light‑vehicle production in primary markets, include incremental sales from the VOXX acquisition (with integration actions targeting roughly $40 million per year in positive cash flow), and warned of tariff and commodity headwinds (cited roughly $45–$50 million of headwinds entering the year).Gentex Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
79
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.53B | 2.31B | 2.30B | 1.92B | 1.73B |
| Gross Profit | 866.71M | 771.09M | 762.63M | 609.81M | 619.71M |
| EBITDA | 566.14M | 563.31M | 589.05M | 466.57M | 508.89M |
| Net Income | 384.84M | 404.49M | 428.40M | 318.76M | 360.80M |
Balance Sheet | |||||
| Total Assets | 2.93B | 2.76B | 2.68B | 2.39B | 2.13B |
| Cash, Cash Equivalents and Short-Term Investments | 151.03M | 255.62M | 240.79M | 241.76M | 267.74M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 437.66M | 288.72M | 365.67M | 323.58M | 193.40M |
| Stockholders Equity | 2.49B | 2.47B | 2.31B | 2.07B | 1.94B |
Cash Flow | |||||
| Free Cash Flow | 458.04M | 353.54M | 353.57M | 191.77M | 293.33M |
| Operating Cash Flow | 587.13M | 498.21M | 537.25M | 338.20M | 362.17M |
| Investing Cash Flow | -266.90M | -202.08M | -299.42M | -172.74M | -113.11M |
| Financing Cash Flow | -407.90M | -289.25M | -230.15M | -209.02M | -410.12M |
Gentex Technical Analysis
Negative
21.20
Price Trends
23.24
Negative
23.22
Negative
24.33
Negative
Market Momentum
-0.74
Positive
34.78
Neutral
28.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNTX, the sentiment is Negative. The current price of 21.2 is below the 20-day moving average (MA) of 22.08, below the 50-day MA of 23.24, and below the 200-day MA of 24.33, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 34.78 is Neutral, neither overbought nor oversold. The STOCH value of 28.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $4.57B | 13.27 | 15.56% | 2.05% | 2.99% | -9.80% | |
72 Outperform | $6.03B | 14.06 | 8.79% | 2.63% | -1.90% | -13.86% | |
72 Outperform | $2.31B | 12.87 | 13.90% | 0.57% | -4.03% | -39.51% | |
69 Neutral | $7.80B | 9.90 | 29.57% | 2.60% | 0.84% | 26.17% | |
65 Neutral | $3.13B | 18.56 | 14.34% | ― | 7.94% | 34.84% | |
62 Neutral | $11.20B | 35.20 | 4.80% | 1.24% | 0.08% | -83.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
GNTX
Gentex
21.20
-2.82
-11.75%
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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.