GNTX
GENTEX CORP
Industrials • CIK: 0000355811
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Market Cap
$5.07B
P/E (TTM)
13.4x
Rev Growth (TTM)
+9.6%
Net Margin (TTM)
15.2%
FCF Yield (TTM)
9.0%
FCF Margin (TTM)
18.1%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$458M
Q4 '25
$100M-10%
Q3 '25
$111M-17%
FCF Margin
TTM18.1%
Q4 '2515.5%-9%
Sector: 5.4%Top 10%
OCF Margin23.2%
OCF/NI1.53x
CapEx Coverage4.5x
FCF Yield9.0%
FCF Growth (2Y)+34%
Cash Conversion Cycle
108 days
DSO: 51+DIO: 102−DPO: 45
Capital Allocation & Returns
Shareholder Friendly
Total Shareholder YieldTTM
TTM8.3%
Div Yield2.1%
+Buyback (TTM)6.2%
Strong capital returns to shareholders
Dividend & Payout Metrics
Dividend Yield (TTM)2.1%
FCF Payout Ratio22.9%
Free Cash Flow (TTM)$458.0M
Stock Repurchases (TTM)$315.5M
Capital Return / FCF91.9%
Est. Dividends Paid (TTM)$104.7M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
16.0%
Stable
-0.0% YoY-1.6%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
15.6%
8Q: 16.0%
Asset Turnover
0.89x
8Q: 0.88x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 13.9% ≈ 16.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
3.29x
8Q:3.36x
-24.4%
Invested Cap Turn
1.22x
8Q:1.21x
+7.9%
CapEx Intensity
6.2%
8Q:6.7%
CapEx/Depreciation
1.24x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $2.5B | $644.4M↓1.7% | $655.2M↓0.4% | $657.9M↑14.1% | $576.8M↑6.5% | $541.6M↓11.0% | $608.5M↑6.2% | $572.9M↓2.9% | $590.2M |
Operating Income | $473.9M | $120.1M↓1.8% | $122.3M↑3.2% | $118.5M↑4.9% | $113.0M↑25.9% | $89.8M↓28.6% | $125.7M↑9.4% | $114.9M↓11.2% | $129.3M |
Net Income | $384.8M | $93.0M↓7.9% | $101.0M↑5.1% | $96.0M↑1.2% | $94.9M↑8.2% | $87.7M↓28.5% | $122.5M↑42.4% | $86.0M↓20.5% | $108.2M |
Operating Cash Flow | $587.1M | $125.5M↓14.6% | $147.0M↓11.5% | $166.1M↑11.9% | $148.5M↓3.8% | $154.4M↑82.3% | $84.7M↓34.5% | $129.3M↓0.5% | $129.9M |
Free Cash Flow | $458.0M | $99.8M↓10.4% | $111.4M↓17.5% | $135.0M↑20.8% | $111.8M↓0.8% | $112.7M↑148.4% | $45.4M↓53.5% | $97.5M↓0.5% | $98.0M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
13.4x
Volatile
8Q: 58.5x-2807%
Valuation Lenses
Earnings
13.4x
vs – sector
Cash Flow
10.6x
EV/FCF vs –
Growth-Adj
1.4xPEG
Fair for growth
Quality-Adj
0.8P/E per %ROIC
ROIC: 16.0%
Shareholder Returns
Dividend
2.1%
Buyback
6.2%
Total Yield
8.3%
Market Cap$5.07B
EV$4.87B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
89/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Above Avg
15.6%
8Q:–
Return on Invested Capital (ROIC)Top 25%
16.0%
8Q:–
Flat
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 15.6%
Asset Turnover: 0.89x
Earnings Quality
Cash Conversion
1.53x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin34.2%
Capital Efficiency
Invested Capital Turnover1.22x
Working Capital
Cash Conversion Cycle108 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
70/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
9.6%
OpInc Growth YoY
33.8%
EPS Growth YoY
-0.6%
FCF 3Y CAGR
33.7%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
Margin Quality & Sustainability
Moderate
Profitability Cascade
Gross
34.2%
Operating
18.7%
Top 25% in sector
Net
15.2%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+2.9 pts
FCF: 18.1% | Net: 15.2%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $147.24M
Interest Coverage
–
+Net cash position: $147.24M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis