Gentex Corporation (GNTX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 675.44M | 644.4M | 655.24M | 657.86M | 576.77M | 541.64M | 608.53M | 572.93M | 590.23M | 589.13M | 575.85M | 583.47M | 550.76M | 493.65M | 493.64M | 463.42M | 468.25M | 419.84M | 399.6M | 428.01M |
| Revenue Growth % | 17.11% | 18.97% | 7.68% | 14.82% | -2.28% | -8.06% | 5.67% | -1.81% | 7.17% | 19.34% | 16.65% | 25.91% | 17.62% | 17.58% | 23.53% | 8.28% | -3.2% | -20.76% | -15.81% | 86.15% |
| Cost of Goods Sold | 446.82M | 419.88M | 430.07M | 432.57M | 385.04M | 365.41M | 404.46M | 384.36M | 387.99M | 385.76M | 384.41M | 390.39M | 376.02M | 339.81M | 346.44M | 315.06M | 307.84M | 275.93M | 258.7M | 276.41M |
| COGS % of Revenue | 66.15% | 65.16% | 65.64% | 65.75% | 66.76% | 67.46% | 66.47% | 67.09% | 65.74% | 65.48% | 66.75% | 66.91% | 68.27% | 68.84% | 70.18% | 67.98% | 65.74% | 65.72% | 64.74% | 64.58% |
| Gross Profit | 228.63M | 224.52M | 225.17M | 225.29M | 191.73M | 176.23M | 204.06M | 188.56M | 202.24M | 203.37M | 191.44M | 193.08M | 174.74M | 153.83M | 147.2M | 148.37M | 160.41M | 143.91M | 140.9M | 151.6M |
| Gross Margin % | 33.85% | 34.84% | 34.36% | 34.25% | 33.24% | 32.54% | 33.53% | 32.91% | 34.26% | 34.52% | 33.25% | 33.09% | 31.73% | 31.16% | 29.82% | 32.02% | 34.26% | 34.28% | 35.26% | 35.42% |
| Gross Profit Growth % | 19.24% | 27.4% | 10.34% | 19.48% | -5.19% | -13.35% | 6.59% | -2.34% | 15.74% | 32.2% | 30.05% | 30.14% | 8.93% | 6.9% | 4.47% | -2.13% | -12.49% | -33.58% | -25.15% | 244.97% |
| Operating Expenses | 101.44M | 102.96M | 102.32M | 106.77M | 78.75M | 86.46M | 78.33M | 73.68M | 72.89M | 70.59M | 69.02M | 65.79M | 61.49M | 59.72M | 60.41M | 62.58M | 57.11M | 55.95M | 52.74M | 51.67M |
| OpEx % of Revenue | 15.02% | 15.98% | 15.62% | 16.23% | 13.65% | 15.96% | 12.87% | 12.86% | 12.35% | 11.98% | 11.99% | 11.28% | 11.16% | 12.1% | 12.24% | 13.5% | 12.2% | 13.33% | 13.2% | 12.07% |
| Selling, General & Admin | 49.79M | 49.73M | 49.69M | 48.52M | 29.93M | 30.53M | 30.11M | 29.68M | 30.71M | 29.06M | 28.83M | 27.82M | 26.83M | 24.78M | 26.87M | 29.72M | 25.13M | 24.65M | 22.98M | 22.61M |
| SG&A % of Revenue | 7.37% | 7.72% | 7.58% | 7.37% | 5.19% | 5.64% | 4.95% | 5.18% | 5.2% | 4.93% | 5.01% | 4.77% | 4.87% | 5.02% | 5.44% | 6.41% | 5.37% | 5.87% | 5.75% | 5.28% |
| Research & Development | 51.65M | 53.23M | 52.63M | 51.47M | 45.92M | 47.06M | 48.23M | 44M | 42.18M | 41.53M | 40.2M | 37.97M | 34.65M | 34.94M | 33.54M | 32.86M | 31.97M | 31.3M | 29.75M | 29.06M |
| R&D % of Revenue | 7.65% | 8.26% | 8.03% | 7.82% | 7.96% | 8.69% | 7.93% | 7.68% | 7.15% | 7.05% | 6.98% | 6.51% | 6.29% | 7.08% | 6.79% | 7.09% | 6.83% | 7.46% | 7.45% | 6.79% |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 1000K | 1000K | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.49K | 0 | 0 | 0 |
| Operating Income | 127.18M | 121.55M | 122.85M | 118.52M | 112.99M | 89.77M | 125.73M | 114.88M | 129.35M | 132.77M | 122.42M | 127.29M | 113.25M | 94.12M | 86.79M | 85.79M | 103.31M | 87.96M | 88.16M | 99.92M |
| Operating Margin % | 18.83% | 18.86% | 18.75% | 18.02% | 19.59% | 16.57% | 20.66% | 20.05% | 21.91% | 22.54% | 21.26% | 21.82% | 20.56% | 19.07% | 17.58% | 18.51% | 22.06% | 20.95% | 22.06% | 23.35% |
| Operating Income Growth % | 12.56% | 35.41% | -2.29% | 3.16% | -12.65% | -32.39% | 2.71% | -9.75% | 14.21% | 41.07% | 41.05% | 48.37% | 9.63% | 7% | -1.56% | -14.14% | -22.75% | -45.84% | -36.5% | 1582.94% |
| EBITDA | 152.84M | 146.79M | 148.77M | 145.89M | 138.5M | 113.6M | 148.67M | 138.87M | 153.3M | 155.09M | 144.58M | 152.09M | 137.29M | 117.4M | 110.03M | 111.13M | 128.02M | 111.96M | 111.77M | 125.82M |
| EBITDA Margin % | 22.63% | 22.78% | 22.71% | 22.18% | 24.01% | 20.97% | 24.43% | 24.24% | 25.97% | 26.33% | 25.11% | 26.07% | 24.93% | 23.78% | 22.29% | 23.98% | 27.34% | 26.67% | 27.97% | 29.4% |
| EBITDA Growth % | 10.36% | 29.22% | 0.07% | 5.05% | -9.66% | -26.76% | 2.83% | -8.69% | 11.66% | 32.11% | 31.4% | 36.85% | 7.25% | 4.85% | -1.56% | -11.68% | -19.65% | -40.65% | -31.81% | 516.65% |
| D&A (Non-Cash Add-back) | 25.66M | 25.23M | 25.93M | 27.37M | 25.51M | 23.83M | 22.95M | 23.99M | 23.95M | 22.32M | 22.16M | 24.8M | 24.04M | 23.28M | 23.24M | 25.34M | 24.71M | 24.01M | 23.61M | 25.9M |
| EBIT | 118.05M | 111.39M | 120.57M | 125.3M | 115.88M | 98.63M | 145.46M | 101.33M | 127.65M | 135.9M | 124.48M | 128.6M | 116M | 95.46M | 86.16M | 84.81M | 103.3M | 89.38M | 89.89M | 101.82M |
| Net Interest Income | 0 | 0 | 2.74M | 0 | 0 | 10.18M | 0 | 0 | 0 | 0 | 3.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 2.74M | 0 | 0 | 10.18M | 0 | 0 | 0 | 0 | 3.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -9.13M | -10.16M | -2.27M | -3.05M | 640.48K | 8.01M | 19.73M | -13.55M | -1.7M | 3.13M | 2.06M | 1.31M | 2.74M | 1.34M | -629.19K | -982.99K | -10.49K | 1.42M | 1.73M | 1.89M |
| Pretax Income | 118.05M | 111.39M | 120.57M | 115.47M | 113.63M | 97.78M | 145.46M | 101.33M | 127.65M | 135.9M | 124.48M | 128.6M | 116M | 95.46M | 86.16M | 84.81M | 103.3M | 89.38M | 89.89M | 101.82M |
| Pretax Margin % | 17.48% | 17.29% | 18.4% | 17.55% | 19.7% | 18.05% | 23.9% | 17.69% | 21.63% | 23.07% | 21.62% | 22.04% | 21.06% | 19.34% | 17.45% | 18.3% | 22.06% | 21.29% | 22.5% | 23.79% |
| Income Tax | 19.63M | 18.12M | 19.68M | 19.82M | 18.75M | 10.11M | 22.91M | 15.29M | 19.42M | 18.96M | 19.75M | 19.45M | 18.42M | 9.29M | 13.51M | 12.4M | 15.77M | 5.2M | 13.23M | 15.31M |
| Effective Tax Rate % | 16.63% | 16.27% | 16.33% | 17.16% | 16.5% | 10.34% | 15.75% | 15.09% | 15.21% | 13.95% | 15.87% | 15.12% | 15.88% | 9.73% | 15.68% | 14.63% | 15.26% | 5.81% | 14.72% | 15.04% |
| Net Income | 98.46M | 92.96M | 100.97M | 96.04M | 94.87M | 87.67M | 122.55M | 86.04M | 108.23M | 116.94M | 104.73M | 109.16M | 97.58M | 86.17M | 72.66M | 72.4M | 87.53M | 84.18M | 76.66M | 86.51M |
| Net Margin % | 14.58% | 14.43% | 15.41% | 14.6% | 16.45% | 16.19% | 20.14% | 15.02% | 18.34% | 19.85% | 18.19% | 18.71% | 17.72% | 17.46% | 14.72% | 15.62% | 18.69% | 20.05% | 19.18% | 20.21% |
| Net Income Growth % | 3.77% | 6.04% | -17.61% | 11.62% | -12.34% | -25.03% | 17.02% | -21.18% | 10.92% | 35.72% | 44.14% | 50.76% | 11.48% | 2.36% | -5.22% | -16.3% | -22.85% | -41.27% | -34.53% | 3743.86% |
| Net Income (Continuing) | 98.42M | 93.27M | 100.89M | 95.65M | 94.87M | 87.67M | 122.55M | 86.04M | 108.23M | 116.94M | 104.73M | 109.16M | 97.58M | 86.17M | 72.66M | 72.4M | 87.53M | 84.18M | 76.66M | 86.51M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.02M | 3.1M | 2.32M | 3.09M | 4.59M | 4.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.46 | 0.43 | 0.46 | 0.43 | 0.42 | 0.37 | 0.53 | 0.37 | 0.47 | 0.50 | 0.45 | 0.47 | 0.42 | 0.36 | 0.31 | 0.31 | 0.38 | 0.35 | 0.32 | 0.36 |
| EPS Growth % | 9.52% | 16.22% | -13.21% | 16.22% | -10.64% | -26% | 17.78% | -21.28% | 11.9% | 38.89% | 45.16% | 51.61% | 10.53% | 2.86% | -3.13% | -13.89% | -17.39% | -39.66% | -33.33% | - |
| EPS (Basic) | 0.46 | 0.43 | 0.46 | 0.43 | 0.42 | 0.38 | 0.54 | 0.37 | 0.47 | 0.50 | 0.45 | 0.47 | 0.42 | 0.36 | 0.31 | 0.31 | 0.38 | 0.36 | 0.32 | 0.36 |
| Diluted Shares Outstanding | 214.03M | 219.5M | 219.5M | 225.89M | 225.89M | 231.22M | 226.24M | 228.41M | 228.41M | 231.46M | 230.46M | 230.23M | 230.9M | 234.17M | 231.62M | 231.44M | 232.79M | 240.51M | 234.9M | 239.73M |
| Basic Shares Outstanding | 214.03M | 219.5M | 219.5M | 225.89M | 225.89M | 226.94M | 226M | 227.93M | 228.41M | 231.46M | 230.05M | 230.01M | 230.61M | 234.17M | 231.32M | 230.98M | 232.15M | 233.83M | 234.01M | 238.6M |
| Dividend Payout Ratio | 26.26% | 28.26% | 26.09% | 28.09% | 28.74% | 31.13% | 22.54% | 32.24% | 25.66% | 23.94% | 26.75% | 25.69% | 28.8% | 32.67% | 38.83% | 38.86% | 32.66% | 33.72% | 37.4% | 33.51% |