Gentex Corporation
- Open
- 22.97
- Day high
- 23.10
- Day low
- 22.61
- Prev close
- 22.86
- Volume
- 2.3M
- Mkt cap
- $4.8B
- P/E (TTM)
- 12.1
- EPS (TTM)
- $1.89
- P/B
- 1.9
- P/S
- 1.8
- Yield
- 2.11%
- Per share
- $0.48
Gentex Corporation (GNTX) is a Consumer Cyclical company listed on NASDAQ. The stock is down 18% over the past year. Drillr has 1 published research article covering GNTX.
Gentex Corporation (GNTX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GNTX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 24, 2026 | $0.50 | $0.58 | +15.8% | $651M | -3.3% |
| Apr 24, 2026 | $0.44 | $0.48 | +9.1% | $675M | +4.2% |
| Jan 30, 2026 | $0.43 | $0.43 | +0.2% | $644M | -1.7% |
| Oct 24, 2025 | $0.47 | $0.46 | -3.2% | $655M | -2.2% |
| Jul 25, 2025 | $0.40 | $0.47 | +17.8% | $658M | +0.3% |
| Apr 25, 2025 | $0.43 | $0.43 | +0.0% | $577M | -5.8% |
| Jan 31, 2025 | $0.49 | $0.39 | -20.6% | $542M | -12.1% |
| Oct 25, 2024 | $0.48 | $0.53 | +10.2% | $609M | +3.1% |
| Jul 26, 2024 | $0.52 | $0.37 | -29.1% | $573M | -7.8% |
| Apr 26, 2024 | $0.48 | $0.47 | -2.5% | $590M | -2.2% |
| Jan 26, 2024 | $0.44 | $0.50 | +13.4% | $589M | +4.8% |
| Oct 27, 2023 | $0.44 | $0.45 | +2.7% | $576M | +1.4% |
GNTX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 22, 2026 | WALKER BRIAN Cdirector | Grant | 5,626 | — |
| May 22, 2026 | DEUR GARTHdirector | Grant | 5,626 | — |
| May 22, 2026 | Zang Lingdirector | Grant | 5,626 | — |
| May 22, 2026 | Starkoff Kathleendirector | Grant | 5,626 | — |
| May 22, 2026 | BROWN LESLIE Ldirector | Grant | 5,626 | — |
| May 22, 2026 | Schaum Richard Odirector | Grant | 5,626 | — |
| May 22, 2026 | KENNEDY JOHN Cdirector | Grant | 5,626 | — |
| May 22, 2026 | Pink Billydirector | Grant | 5,626 | — |
| May 15, 2026 | ANDERSON JOSEPH B JRdirector | Sell | 5,939 | $22.98 |
| May 15, 2026 | WALKER BRIAN Cdirector | Sell | 5,939 | $22.98 |
| May 5, 2026 | BROWN LESLIE Ldirector | Sell | 10,782 | $22.85 |
| May 5, 2026 | BROWN LESLIE Ldirector | Option | 7,000 | $15.74 |
| Apr 30, 2026 | Schaum Richard Odirector | Sell | 4,815 | $23.31 |
| Apr 30, 2026 | Schaum Richard Odirector | Option | 7,000 | $15.74 |
| Feb 19, 2026 | Ryan Scott Pofficer: General Counsel | Tax | 2,907 | $24.89 |
Source: GNTX SEC Form 4 filings, latest May 22, 2026. For informational purposes only — not investment advice.
See the full GNTX insider & 13F page →Gentex Corporation company profile
Overview
Gentex Corporation (NASDAQ:GNTX) is a Michigan-based automotive technology company founded in 1974 and publicly traded since 1981. The company has evolved from its origins as a manufacturer of electrochromic auto-dimming mirrors into a diversified technology provider serving the automotive, aerospace, fire protection, and emerging medical device markets. Headquartered in Zeeland, Michigan, Gentex has established itself as a leading supplier of advanced vision and safety technologies, with a particular focus on automotive electronics and smart glass solutions.
Business
Gentex operates primarily in the automotive components industry, specializing in electrochromic technology - a smart glass technology that can automatically adjust transparency levels in response to electrical signals. The company's core business revolves around several key product categories: **Automotive Products (approximately 95% of revenue):** The company's flagship products are auto-dimming rearview mirrors, which use electrochromic technology to automatically reduce glare from headlights of following vehicles. These mirrors contain a special gel that darkens when voltage is applied, providing safer nighttime driving conditions. Gentex has expanded this technology into Full Display Mirrors (FDM), which replace traditional mirrors with high-definition camera displays, offering enhanced visibility and advanced features like integrated navigation and connectivity. The automotive segment also includes various electronic components such as driver monitoring systems that use cameras and sensors to detect driver fatigue or distraction, HomeLink wireless control systems for garage doors and home automation, and exterior mirrors with similar dimming capabilities. **Other Products (approximately 5% of revenue):** This segment encompasses dimmable aircraft windows for commercial aviation, which allow passengers and crew to electronically control window opacity without traditional window shades. The company also produces fire protection products including photoelectric smoke detectors, carbon monoxide alarms, and signaling devices for commercial and residential buildings. Additionally, Gentex has recently entered the medical device market with specialized sensing technologies. The company's electrochromic technology serves as the foundation across all product lines, representing a core competency in materials science and electronic control systems that differentiates Gentex from traditional automotive suppliers.
Revenue model
Gentex generates revenue primarily through direct product sales to original equipment manufacturers (OEMs) in the automotive industry. The company operates on a business-to-business model, selling components that are integrated into vehicles during manufacturing rather than as aftermarket accessories. **Revenue Model:** The automotive segment generates income through long-term supply contracts with major automakers including General Motors, Volkswagen, Toyota, BMW, Hyundai, and others. These contracts typically span multiple years and cover specific vehicle platforms or model lines. Pricing is generally negotiated upfront with periodic adjustments for volume changes and cost fluctuations. The company also earns revenue from licensing its HomeLink technology to other automotive suppliers. **Customer Base:** Gentex's primary customers are automotive OEMs and tier-one automotive suppliers who integrate the company's products into new vehicles. In the fire protection segment, customers include distributors, electrical wholesale houses, and fire protection system manufacturers. The aerospace segment serves aircraft manufacturers and airline operators directly. **Margin Influencing Factors:** Several factors impact the company's profitability. Positive margin drivers include economies of scale from higher production volumes, successful cost recovery negotiations with OEMs when raw material prices increase, operational efficiency improvements, and the premium pricing commanded by advanced features like Full Display Mirrors. Negative margin pressures come from raw material cost inflation (particularly for electronic components and specialized chemicals), labor cost increases, customer demands for annual price reductions, tariff impacts on international trade, and the cyclical nature of automotive production which can lead to underutilized manufacturing capacity during industry downturns. The company's margin profile is also influenced by product mix, with newer technologies like driver monitoring systems initially carrying lower margins until production scales up, while mature products like traditional auto-dimming mirrors provide more stable profitability.
Competitive moat
Gentex possesses a moderate to strong competitive moat built primarily around its proprietary electrochromic technology and established customer relationships. The company's core advantage lies in its deep expertise in electrochromic materials science, which requires specialized knowledge in chemistry, electronics, and manufacturing processes that competitors cannot easily replicate. **Technology Moat:** The electrochromic technology involves complex chemical formulations and precise manufacturing processes that Gentex has refined over decades. The company holds numerous patents related to the electrochromic gel composition, mirror assembly designs, and electronic control systems. This technical expertise creates significant barriers for new entrants who would need to invest heavily in research and development to achieve comparable performance and reliability. **Customer Relationship Moat:** Automotive OEMs are notoriously conservative about supplier changes due to the critical safety implications and high switching costs involved in automotive components. Gentex has built long-term relationships with major automakers spanning decades, creating significant customer stickiness. Once integrated into a vehicle platform, the company's products typically remain with that platform throughout its lifecycle, which can span 5-7 years. **Market Position Moat:** Gentex holds a dominant market share in auto-dimming mirrors, estimated at over 80% globally. This market leadership provides economies of scale in manufacturing and R&D that smaller competitors struggle to match. **Competitive Threats:** The moat faces several challenges. Traditional automotive suppliers like Magna International and Ficosa are investing in competing mirror technologies. The shift toward electric vehicles and autonomous driving could potentially disrupt traditional mirror applications, though Gentex is adapting with camera-based systems. Additionally, the company's expansion into new areas like driver monitoring faces competition from established technology companies and specialized automotive electronics firms. The fire protection and aerospace segments operate in more commoditized markets with less differentiation, providing weaker competitive positioning.
Risks & safety
**Overall Assessment:** Gentex demonstrates a strong financial safety profile with minimal solvency risk and reasonable valuation metrics. **Debt and Liquidity:** - Essentially debt-free with debt-to-equity ratio of 0.0% - Strong current ratio of 4.08, indicating excellent short-term liquidity - Cash and short-term investments of $287 million provide substantial financial cushion - Positive free cash flow of $112 million in Q1 2025 demonstrates cash generation capability **Valuation Metrics:** - Price-to-earnings ratio of 13.9x appears reasonable for a profitable industrial company - EV/EBITDA of 10.9x suggests moderate valuation relative to cash flow generation - Price-to-book ratio of 2.1x reflects modest premium to book value - Graham number of 10.18 compared to current price of $21.49 suggests stock trades above conservative valuation **Other Considerations:** - Return on equity of 3.8% is relatively low, indicating modest capital efficiency - Strong balance sheet with total assets of $2.8 billion and minimal liabilities - Cyclical automotive industry exposure creates earnings volatility risk - Tariff impacts and China market challenges pose near-term headwinds
Recent development
Over the past few years, Gentex has pursued several strategic initiatives to diversify beyond traditional auto-dimming mirrors and position itself for future automotive technology trends. The company's most significant development has been the rapid expansion of its Full Display Mirror (FDM) technology, which shipped 2.96 million units in 2024, representing a 21% increase from the previous year. This technology replaces traditional mirrors with high-definition camera displays and has been launched on over 124 vehicle nameplates globally across 19 OEM customers. **Technology Diversification:** The company has invested heavily in driver monitoring systems, launching its first system on Rivian's R1T and R1S vehicles in 2025. These systems use cameras and sensors to detect driver fatigue, distraction, and other safety-critical behaviors, positioning Gentex for the growing automotive safety technology market. Additionally, the company has developed large area dimming devices and wireless power and data transmission technologies, showcased at CES 2025. **Market Expansion:** Gentex has expanded beyond automotive applications, launching the PLACE residential smoke detector product line and entering the medical device market with specialized sensing technologies. The company has also maintained its presence in aerospace with dimmable aircraft windows, though this segment has faced some volatility. **Strategic Acquisition:** In April 2025, Gentex completed its merger with VOXX International, a move designed to enhance its automotive electronics capabilities and achieve $40-50 million in cost synergies. The integration is expected to take 18-24 months and represents the company's largest acquisition to date. **Operational Improvements:** The company has focused on margin enhancement through bill of material reductions, operational efficiency improvements, and cost recovery negotiations with OEM customers. These efforts have helped improve gross margins from 31.8% in 2022 to over 33% in recent quarters, with a target of reaching 35-36% margins.
GNTX company profile · for informational purposes only — not investment advice.
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