Gentex

OverviewSuggest Edit

Gentex Corporation is a company that develops and manufactures custom electronic products for the automotive, aerospace, and commercial fire protection industries. Its core competencies include electronics, microelectronics, vision systems, cameras and sensing, displays, design and engineering, software design, chemical development and coatings, glass bending and processing, and automated assembly.

TypePublic
Founded1974
HQZeeland, MI, USMap
Websitegentex.com
Employee Ratings3.3More
Overall CultureB+More
View Jobs (33)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2020)5,874(+3%)
Job Openings33
Revenue (FY, 2020)$1.7 B(-9%)
Share Price (Jul 2021)$31.5(-2%)

Key People/Management at Gentex

Steve Downing

Steve Downing

President and Chief Executive Officer
Neil Boehm

Neil Boehm

Chief Technology Officer, Vice President of Engineering
Scott Ryan

Scott Ryan

Vice President, General Counsel, and Corporate Secretary
Kevin Nash

Kevin Nash

Chief Financial Officer, CAO, Vice President of Finance, and Treasurer
Joe Matthews

Joe Matthews

Vice President of Purchasing and Diversity Officer
Sue Franz

Sue Franz

Vice President of Chemical Technologies
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Gentex Office Locations

Gentex has offices in Zeeland, Shanghai and Erlenbach
Zeeland, MI, US (HQ)
600 N Centennial St
Zeeland, MI, US
10985 Chicago Dr
Erlenbach, DE
6 Georg-Ohm-Straße
Show all (4)

Gentex Financials and Metrics

Gentex Revenue

Gentex's revenue was reported to be $1.69 b in FY, 2020
USD

Revenue (Q1, 2021)

483.7m

Gross profit (Q1, 2021)

183.3m

Gross profit margin (Q1, 2021), %

37.9%

Net income (Q1, 2021)

113.5m

EBIT (Q1, 2021)

133.7m

Market capitalization (16-Jul-2021)

7.6b

Closing stock price (16-Jul-2021)

31.5

Cash (31-Mar-2021)

455.9m

EV

7.2b
Gentex's current market capitalization is $7.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

816.3m1.0b1.1b1.2b1.4b1.5b1.7b1.8b1.8b1.9b1.7b

Revenue growth, %

17%12%9%7%

Cost of goods sold

520.6m662.2m726.7m939.8m1.0b1.1b1.1b1.2b1.1b

Gross profit

295.7m361.6m372.8m603.8m668.5m694.5m690.5m688.3m605.4m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

201.6m206.8m250.9m243.0m269.5m290.7m280.3m268.2m269.5m287.0m288.6m335.7m465.4m920.4m460.3m468.6m468.7m477.8m453.8m229.9m474.6m483.7m

Cost of goods sold

127.7m133.1m160.6m157.4m174.2m189.9m187.5m178.1m176.0m184.4m182.7m204.4m292.8m575.0m287.3m298.9m292.2m297.4m297.2m186.0m286.4m300.4m

Gross profit

73.9m73.8m90.3m85.6m95.3m100.8m92.8m90.1m93.5m102.6m106.0m131.3m172.6m345.4m173.0m169.6m176.5m180.3m156.6m43.9m188.2m183.3m

Gross profit Margin, %

37%36%36%35%35%35%33%34%35%36%37%39%37%38%38%36%38%38%35%19%40%38%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

348.3m358.0m389.7m309.6m497.4m551.6m546.5m569.7m217.0m296.3m423.4m

Accounts Receivable

95.6m110.4m109.6m143.0m168.0m196.0m211.6m231.1m213.5m235.4m284.9m

Prepaid Expenses

34.4m24.7m30.6m14.4m25.7m29.3m17.6m

Inventories

100.7m188.8m159.9m120.1m141.8m174.7m189.3m216.8m225.3m248.9m226.3m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

295.2m303.7m440.3m444.6m397.1m370.8m375.7m381.1m442.6m502.7m226.7m374.7m391.7m433.5m549.9m569.9m564.5m626.5m499.5m534.5m559.6m580.6m562.0m524.3m296.7m194.0m221.7m260.3m260.2m278.5m343.8m400.5m455.9m

Accounts Receivable

93.5m106.7m116.3m111.9m130.0m139.3m129.9m126.3m121.9m120.2m152.4m171.3m178.3m186.4m201.8m196.1m208.2m224.0m219.4m229.2m249.5m229.3m240.5m246.4m239.4m247.3m244.3m226.4m253.1m233.6m170.6m268.5m277.7m

Prepaid Expenses

25.6m20.8m23.4m32.8m33.7m24.8m24.0m38.6m44.5m33.5m38.5m41.9m11.5m15.1m13.5m11.7m13.8m16.0m14.8m28.0m28.4m16.5m15.1m20.4m17.9m

Inventories

79.3m92.1m104.0m119.5m151.1m200.8m192.3m177.1m130.1m116.0m117.4m128.3m125.2m135.6m145.6m150.8m164.6m188.6m176.2m179.4m197.1m196.5m206.7m207.2m212.4m213.4m225.3m225.1m238.7m251.0m259.7m233.4m233.1m
show all
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

137.7m164.7m168.6m222.9m288.6m318.5m347.6m406.8m437.9m424.7m347.6m

Depreciation and Amortization

38.6m42.6m50.2m62.9m77.4m80.6m88.6m99.6m102.2m104.7m104.7m

Inventories

47.1m(88.0m)28.8m39.9m(22.0m)(32.9m)(14.6m)(27.5m)(8.5m)(23.7m)22.7m

Accounts Payable

(12.8m)25.2m(22.3m)13.3m14.9m(5.1m)13.6m9.9m2.9m4.7m(12.9m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

66.5m100.8m42.3m80.8m124.2m46.3m87.1m129.0m45.4m97.5m55.5m68.6m145.3m217.6m77.2m151.7m230.1m80.3m166.8m258.8m97.6m186.1m276.3m111.2m220.3m331.6m104.3m213.2m325.1m89.5m87.1m204.2m113.5m

Depreciation and Amortization

19.6m29.6m10.6m21.3m33.3m12.7m25.1m37.6m13.8m27.6m39.6m59.7m21.3m42.5m63.7m22.8m45.8m68.9m25.2m50.4m74.9m28.0m55.9m80.7m28.1m53.3m79.3m26.3m53.4m78.5m25.6m

Inventories

25.7m38.5m(3.3m)(18.7m)(50.4m)(12.0m)(3.6m)11.6m29.9m43.9m(5.1m)(15.5m)(3.8m)(9.0m)(22.8m)(13.9m)(1.5m)(4.7m)(7.8m)(7.2m)(17.3m)9.5m4.4m3.4m(21.4k)187.1k(13.4m)(2.1m)(10.7m)15.7m(6.8m)

Accounts Payable

(16.8m)(22.6m)20.8m23.0m29.9m7.5m(12.0m)(13.2m)(10.2m)589.6k(689.6k)12.1m1.8m(1.5m)12.4m13.1m15.5m4.6m(2.2m)3.0m(60.1k)(12.6m)16.9m143.5k(2.7m)(2.8m)2.5m2.5m(37.5m)(7.4m)22.3m
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USDQ2, 2010

Financial Leverage

1.1 x
Show all financial metrics

Gentex Operating Metrics

Gentex's Backlog was reported to be $459.6m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$368.2 m$428.2 m$459.6 m

Patent Applications

216461528

Patents (Foreign)

556687642

Patents (US)

495533566
Show all operating metrics

Gentex Revenue Breakdown

Embed Graph

Gentex revenue breakdown by business segment: 98.0% from Automotive Products and 2.0% from Other

Gentex revenue breakdown by geographic segment: 20.0% from Germany, 32.3% from United States, 10.5% from Japan and 37.2% from Other Countries

Gentex Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
CSRHub logo

Gentex Online and Social Media Presence

Gentex's Trends

Embed Graph

Gentex Company Culture

  • Overall Culture

    B+

    74/100

  • CEO Rating

    A-

    74/100

  • Compensation

    C+

    69/100

Learn more on Comparably

Gentex News and Updates

March 09, 2020

Gentex Announces 4% Increase in Quarterly Cash Dividend

ZEELAND, Mich., March 09, 2020 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, and fire protection products, today reported that its Board of Directors recently authorized an increase of 4% to the quarterly cash dividend, …
March 09, 2020

Gentex raises quarterly cash dividend by 4% to 12 cents a share

Gentex Corp. said Monday its board has approved a 4% increase in its quarterly cash dividend to 12 cents a share. The new dividend will be payable April 22 to shareholders of record as of April 10. Shares fell 2.9% in premarket trade, but have gained 30% in the last 12 months, while the S&P 500…
January 31, 2020

Gentex Reports Fourth Quarter and Year End 2019 Financial Results

ZEELAND, Mich., Jan. 31, 2020 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection products, today reported financial results for the fourth quarter and calendar year ended December 31, 2019.
December 09, 2019

Gentex Announces 4th Quarter 2019 Cash Dividend

ZEELAND, Mich., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $…
October 18, 2019

Gentex stock slips premarket after company cuts full-year guidance

Gentex Corp. shares fell 2.1% in premarket trade Friday, after the supplier of digital vision, connected car, dimmable glass and fire protection technologies beat estimates for the third quarter but cut guidance for its full year. Zeeland, Michigan-based Gentex said it had net income of $111.9 mill…
October 18, 2019

Gentex Reports Third Quarter 2019 Financial Results

ZEELAND, Mich., Oct. 18, 2019 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2019.
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Gentex Blogs

October 25, 2018

Product Support Request

We apologize for any inconvenience you are experiencing with your Gentex product. Please complete and submit this form and a response will be sent to you shortly. Filling out this form is the best way for Gentex to assist you in resolving your concern. If, after you have filled out the form, you wou…

 Gentex Frequently Asked Questions

  • When was Gentex founded?

    Gentex was founded in 1974.

  • Who are Gentex key executives?

    Gentex's key executives are Steve Downing, Neil Boehm and Scott Ryan.

  • How many employees does Gentex have?

    Gentex has 5,874 employees.

  • What is Gentex revenue?

    Latest Gentex annual revenue is $1.7 b.

  • What is Gentex revenue per employee?

    Latest Gentex revenue per employee is $287.4 k.

  • Who are Gentex competitors?

    Competitors of Gentex include YH America, Panasonic and Magna International.

  • Where is Gentex headquarters?

    Gentex headquarters is located at 600 N Centennial St, Zeeland.

  • Where are Gentex offices?

    Gentex has offices in Zeeland, Shanghai and Erlenbach.

  • How many offices does Gentex have?

    Gentex has 4 offices.