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Gentex (GNTX) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Cyclical•Auto Parts
A
ExcellentMetricSide Score: 80/100
ProfitabilityProfit30/30
GrowthGrowth17/25
Balance SheetBalance13/25
Cash QualityCash20/20
Price & Volume
Market Cap $5.06B

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, fire protection technologies, audio products, medical devices, and consumer electronics. 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.

Moat Signals

Competitive analysis based on 64 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~18.8% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 16.3% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 64 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~18.4% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.1x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 7.0% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.63B
14.5%
Q. Revenue
$675.44M
TTM EBITDA
$588.80M
9.1%
TTM Op. Income
$484.61M
9.3%
Q. Op. Income
$123.66M
TTM Net Income
$388.42M
0.7%
Q. Net Income
$98.46M
EPS
$0.46
Shares Out.
$211.45M
5.4%
$2.63B in TTM revenue grew 14.5% YoY, reaching $675.44M last quarter. TTM EBITDA of $588.80M and TTM operating income of $484.61M shows growth is flowing through. Net income of $388.42M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
33.8%
1.8%
EBITDA Margin
22.1%
Op. Margin
18.3%
6.5%
Net Margin
14.6%
11.4%
Op. margin of 18.3% is down 1.3% YoY — costs are rising relative to revenue. Net margin at 14.6% and gross margin of 33.8% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
13.0x
P/S Ratio
1.9x
P/B Ratio
2.0x
At 13.0x P/E, the stock trades below market averages — potentially undervalued. P/S of 1.9x and P/B of 2.0x provide additional context. Below-market P/E with growing revenue suggests a potential buying opportunity — the stock may be undervalued relative to its fundamentals.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$3.00B
Cash
$164.76M
Long-Term Debt
N/A
Book Value
$2.50B
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$137.08M
TTM Free Cash Flow
$466.30M
26.9%
FCF Margin
17.7%
FCF / Net Income
1.2
TTM FCF of $466.30M on $137.08M in operating cash flow. The FCF / Net Income ratio of 1.2x means earnings are well backed by actual cash — high-quality earnings.

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Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Moderate Moat

Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.