Gentex Corporation (GNTX) 10-Year Financial Performance & Capital Metrics

GNTX • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentElectrical & Electronic SystemsVehicle Electronics & Control Units

AboutGentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive 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. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings, as well as researches and develops nanofiber chemical sensing products. The company 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. Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan.Show more

Revenue $2.31B +0.6%
EBITDA $554M -5.9%
Net Income $404M -5.6%
EPS (Diluted) 1.76 -4.3%
Gross Margin 33.33% +0.5%
EBITDA Margin 23.97% -6.4%
Operating Margin 19.87% -7.8%
Net Margin 17.49% -6.2%
ROE 16.91% -13.6%
ROIC 15.93% -15.8%
Debt/Equity 0.00
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 17.5%
✓Healthy dividend yield of 2.0%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.34%

5Y4.47%

3Y10.15%

TTM2.99%

Profit (Net Income) CAGR

10Y3.43%

5Y-0.97%

3Y3.88%

TTM-12.5%

EPS CAGR

10Y6.03%

5Y1.18%

3Y5.47%

TTM-10.16%

ROCE

10Y Avg22.14%

5Y Avg19.76%

3Y Avg19.54%

Latest18.71%

Peer Comparison

Vehicle Electronics & Control Units

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNTXGentex Corporation	5.25B	24.00	13.64	0.61%	15.61%	15.2%	6.73%	0.00
APTVAptiv PLC	17.85B	82.61	11.87	-1.69%	1.46%	3.08%	9.05%	0.98
VCVisteon Corporation	2.66B	97.54	9.93	-2.23%	8.22%	19.78%	10.9%	0.33
ECXECARX Holdings, Inc.	578.06M	1.86	-0.66	18.33%	-4.06%
MKDWMKDWELL Tech Inc.	9.82M	0.17	-1.11	-45.54%	-125.96%
SRIStoneridge, Inc.	169.22M	6.04	-10.07	-6.92%	-3.66%	-12.75%	13.85%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.54B	1.68B	1.79B	1.83B	1.86B	1.69B	1.73B	1.92B	2.3B	2.31B
Revenue Growth %	0.12%	0.09%	0.07%	0.02%	0.01%	-0.09%	0.03%	0.11%	0.2%	0.01%
Cost of Goods Sold+	939.84M	1.01B	1.1B	1.14B	1.17B	1.08B	1.11B	1.31B	1.54B	1.54B
COGS % of Revenue	0.61%	0.6%	0.61%	0.62%	0.63%	0.64%	0.64%	0.68%	0.67%	0.67%
Gross Profit+	603.78M	668.45M	694.53M	690.47M	688.31M	605.44M	619.71M	609.81M	762.63M	771.09M
Gross Margin %	0.39%	0.4%	0.39%	0.38%	0.37%	0.36%	0.36%	0.32%	0.33%	0.33%
Gross Profit Growth %	0.12%	0.11%	0.04%	-0.01%	-0%	-0.12%	0.02%	-0.02%	0.25%	0.01%
Operating Expenses+	145.01M	156.71M	171.17M	182.34M	199.77M	205.89M	209.93M	239.81M	266.9M	311.36M
OpEx % of Revenue	0.09%	0.09%	0.1%	0.1%	0.11%	0.12%	0.12%	0.12%	0.12%	0.13%
Selling, General & Admin	56.62M	62.47M	71.44M	75.21M	85.08M	89.95M	92.16M	106.5M	112.54M	121.02M
SG&A % of Revenue	0.04%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%	0.06%	0.05%	0.05%
Research & Development	88.39M	94.24M	99.73M	107.13M	114.69M	115.94M	117.76M	133.31M	154.36M	181.48M
R&D % of Revenue	0.06%	0.06%	0.06%	0.06%	0.06%	0.07%	0.07%	0.07%	0.07%	0.08%
Other Operating Expenses	0	-1.18M	0	0	0	0	0	0	0	8.86M
Operating Income+	458.77M	511.74M	523.36M	508.13M	488.54M	399.56M	409.78M	370.01M	495.73M	459.73M
Operating Margin %	0.3%	0.3%	0.29%	0.28%	0.26%	0.24%	0.24%	0.19%	0.22%	0.2%
Operating Income Growth %	0.15%	0.12%	0.02%	-0.03%	-0.04%	-0.18%	0.03%	-0.1%	0.34%	-0.07%
EBITDA+	539.37M	600.33M	622.93M	610.31M	593.24M	504.3M	508.89M	466.57M	589.05M	554.44M
EBITDA Margin %	0.35%	0.36%	0.35%	0.33%	0.32%	0.3%	0.29%	0.24%	0.26%	0.24%
EBITDA Growth %	0.13%	0.11%	0.04%	-0.02%	-0.03%	-0.15%	0.01%	-0.08%	0.26%	-0.06%
D&A (Non-Cash Add-back)	80.6M	88.59M	99.57M	102.19M	104.7M	104.74M	99.11M	96.57M	93.32M	94.71M
EBIT	458.77M	511.74M	523.36M	508.13M	488.54M	399.56M	409.78M	370.01M	495.73M	468.59M
Net Interest Income+	0	0	0	0	0	6.39M	3.59M	4.8M	13.5M	13.4M
Interest Income	0	0	0	0	0	6.99M	3.59M	4.8M	13.5M	13.4M
Interest Expense	0	0	0	0	0	600K	0	0	0	0
Other Income/Expense	4.83M	-1.18M	8.44M	13.92M	11.88M	12.26M	6.57M	-283.05K	9.25M	12.49M
Pretax Income+	463.59M	510.56M	531.8M	522.05M	500.42M	411.81M	416.35M	369.72M	504.98M	472.21M
Pretax Margin %	0.3%	0.3%	0.3%	0.28%	0.27%	0.24%	0.24%	0.19%	0.22%	0.2%
Income Tax+	145.12M	162.97M	125M	84.16M	75.73M	64.25M	55.55M	50.97M	76.58M	67.73M
Effective Tax Rate %	0.69%	0.68%	0.76%	0.84%	0.85%	0.84%	0.87%	0.86%	0.85%	0.86%
Net Income+	318.47M	347.59M	406.79M	437.88M	424.68M	347.56M	360.8M	318.76M	428.4M	404.49M
Net Margin %	0.21%	0.21%	0.23%	0.24%	0.23%	0.21%	0.21%	0.17%	0.19%	0.17%
Net Income Growth %	0.1%	0.09%	0.17%	0.08%	-0.03%	-0.18%	0.04%	-0.12%	0.34%	-0.06%
Net Income (Continuing)	318.47M	347.59M	406.79M	437.88M	424.68M	347.56M	360.8M	318.76M	428.4M	404.49M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	4.15M
EPS (Diluted)+	1.08	1.19	1.41	1.62	1.66	1.41	1.50	1.36	1.84	1.76
EPS Growth %	0.1%	0.1%	0.18%	0.15%	0.02%	-0.15%	0.06%	-0.09%	0.35%	-0.04%
EPS (Basic)	1.09	1.21	1.42	1.64	1.67	1.41	1.51	1.36	1.84	1.77
Diluted Shares Outstanding	296.24M	291.07M	288.23M	269.88M	253.27M	243.68M	236.6M	231.22M	229.72M	226.02M
Basic Shares Outstanding	293.1M	288.43M	285.86M	267.79M	251.77M	242.6M	235.53M	230.83M	229.41M	225.71M
Dividend Payout Ratio	0.3%	0.29%	0.27%	0.27%	0.27%	0.34%	0.32%	0.35%	0.26%	0.27%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	984.01M	1.15B	1.18B	850.93M	950.38M	979.33M	872.98M	948.65M	997.74M	1.04B
Cash & Short-Term Investments	551.56M	723.5M	722.27M	386.44M	436.71M	450.54M	267.74M	241.76M	240.79M	255.62M
Cash Only	551.56M	723.5M	722.27M	217.03M	296.32M	423.37M	262.31M	218.75M	226.44M	233.32M
Short-Term Investments	0	0	0	169.41M	140.38M	27.16M	5.42M	23.01M	14.36M	22.3M
Accounts Receivable	195.97M	211.59M	231.12M	213.54M	235.41M	284.93M	249.79M	276.49M	321.81M	295.34M
Days Sales Outstanding	46.34	46	47	42.5	46.22	61.6	52.67	52.59	51.09	46.6
Inventory	174.7M	189.31M	216.77M	225.28M	248.94M	226.29M	316.27M	404.36M	402.47M	436.5M
Days Inventory Outstanding	67.85	68.38	71.9	71.9	77.62	76.28	103.86	112.74	95.6	103.31
Other Current Assets	0	0	0	0	29.32M	17.58M	0	26.04M	32.66M	0
Total Non-Current Assets+	1.16B	1.15B	1.17B	1.23B	1.23B	1.24B	1.26B	1.44B	1.68B	1.72B
Property, Plant & Equipment	412.72M	465.82M	492.48M	498.47M	498.32M	468.14M	464.12M	550.03M	652.88M	728.48M
Fixed Asset Turnover	3.74x	3.60x	3.64x	3.68x	3.73x	3.61x	3.73x	3.49x	3.52x	3.18x
Goodwill	307.37M	307.37M	307.37M	307.37M	307.37M	311.92M	313.96M	313.81M	340.11M	340.67M
Intangible Assets	349.42M	331.55M	309.86M	290.69M	250.38M	249.75M	272.64M	219.36M	214.01M	261.58M
Long-Term Investments	95.16M	49.89M	57.78M	137.98M	139.91M	162.03M	207.69M	202.33M	299.08M	339.6M
Other Non-Current Assets	-69.52B	-71.21B	-58.89B	-54.52B	22.46M	26.78M	33.45M	67.52M	66.52M	53.15M
Total Assets+	2.15B	2.31B	2.35B	2.09B	2.18B	2.22B	2.13B	2.39B	2.68B	2.76B
Asset Turnover	0.72x	0.73x	0.76x	0.88x	0.85x	0.76x	0.81x	0.80x	0.86x	0.84x
Asset Growth %	0.06%	0.07%	0.02%	-0.11%	0.05%	0.02%	-0.04%	0.12%	0.12%	0.03%
Total Current Liabilities+	131.01M	149.86M	243.65M	169.16M	171.85M	177.74M	181.66M	250.55M	271.61M	252.69M
Accounts Payable	66.35M	79.96M	89.9M	92.81M	97.55M	84.78M	98.34M	151.74M	184.4M	168.31M
Days Payables Outstanding	25.77	28.88	29.82	29.62	30.42	28.58	32.3	42.31	43.8	39.84
Short-Term Debt	7.5M	7.5M	78M	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	47.68M	49.44M	56.89M	56.2M	57.88M	70.6M	69.1M	62.57M	63.79M	27.7M
Current Ratio	7.51x	7.71x	4.86x	5.03x	5.53x	5.51x	4.81x	3.79x	3.67x	4.11x
Quick Ratio	6.18x	6.44x	3.97x	3.70x	4.08x	4.24x	3.06x	2.17x	2.19x	2.38x
Cash Conversion Cycle	88.41	85.5	89.08	84.78	93.43	109.31	124.23	123.02	102.89	110.07
Total Non-Current Liabilities+	299.23M	276.25M	75.71M	69.58M	74.51M	82.54M	11.75M	73.03M	94.06M	36.03M
Long-Term Debt	225.63M	178.13M	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	2.78M
Deferred Tax Liabilities	73.6M	98.12M	75.71M	69.58M	67.1M	65.24M	0	62.14M	66.75M	0
Other Non-Current Liabilities	0	0	0	0	7.41M	17.3M	11.75M	10.88M	27.31M	33.25M
Total Liabilities	430.24M	426.1M	319.36M	238.74M	246.36M	260.28M	193.4M	323.58M	365.67M	288.72M
Total Debt+	233.13M	185.63M	78M	0	0	0	0	0	0	4.68M
Net Debt	-318.43M	-360.85M	-491.73M	-217.03M	-296.32M	-423.37M	-262.31M	-218.75M	-226.44M	-228.64M
Debt / Equity	0.14x	0.10x	0.04x	-	-	-	-	-	-	0.00x
Debt / EBITDA	0.43x	0.31x	0.13x	-	-	-	-	-	-	0.01x
Net Debt / EBITDA	-0.59x	-0.60x	-0.79x	-0.36x	-0.50x	-0.84x	-0.52x	-0.47x	-0.38x	-0.41x
Interest Coverage	-	-	-	-	-	665.93x	-	-	-	-
Total Equity+	1.72B	1.91B	2.05B	1.86B	1.94B	1.96B	1.94B	2.07B	2.31B	2.47B
Equity Growth %	0.1%	0.11%	0.07%	-0.09%	0.04%	0.01%	-0.01%	0.07%	0.12%	0.07%
Book Value per Share	5.81	6.56	7.11	6.90	7.65	8.06	8.19	8.93	10.07	10.94
Total Shareholders' Equity	1.72B	1.91B	2.05B	1.86B	1.94B	1.96B	1.94B	2.07B	2.31B	2.47B
Common Stock	17.48M	17.26M	16.82M	15.56M	15.08M	14.62M	14.19M	14.05M	13.89M	13.63M
Retained Earnings	1.11B	1.21B	1.3B	1.1B	1.12B	1.09B	1.04B	1.15B	1.34B	1.45B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.13M	-1.27M	7.19M	-1.6M	-1.29M	6.85M	1.93M	-14.14M	-6.56M	-6.41M
Minority Interest	0	0	0	0	0	0	0	0	0	4.15M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	351.58M	471.46M	501M	552.42M	505.97M	464.49M	362.17M	338.2M	537.25M	498.21M
Operating CF Margin %	0.23%	0.28%	0.28%	0.3%	0.27%	0.28%	0.21%	0.18%	0.23%	0.22%
Operating CF Growth %	0.07%	0.34%	0.06%	0.1%	-0.08%	-0.08%	-0.22%	-0.07%	0.59%	-0.07%
Net Income	318.47M	347.59M	406.79M	437.88M	424.68M	347.56M	360.8M	318.76M	428.4M	404.49M
Depreciation & Amortization	80.6M	88.59M	99.57M	102.19M	104.7M	104.74M	99.11M	96.57M	93.32M	94.71M
Stock-Based Compensation	21.43M	19.19M	18.38M	18.31M	21.67M	30.8M	27.42M	30.23M	39.2M	39.54M
Deferred Taxes	13.06M	22.5M	-15M	-4.41M	-3.36M	-15.42M	-41.69M	-17.78M	-17.74M	-12.42M
Other Non-Cash Items	-9.35M	-4.97M	-822.75K	-2.47M	-50.49K	-2.25M	-1.33M	1.67M	6.07M	12.29M
Working Capital Changes	-72.63M	-1.44M	-7.92M	932K	-41.68M	-941.74K	-82.14M	-91.25M	-12.01M	-40.39M
Change in Receivables	-27.96M	-15.62M	-19.53M	17.58M	-21.87M	-49.29M	35.14M	-26.7M	-45.25M	27.11M
Change in Inventory	-32.94M	-14.62M	-27.45M	-8.52M	-23.66M	22.73M	-89.98M	-88.09M	2.13M	-32.62M
Change in Payables	-5.1M	13.61M	9.93M	2.91M	4.74M	-12.85M	7.27M	37.42M	40.95M	-26.02M
Cash from Investing+	-89.74M	-251.45M	-77.71M	-185.82M	-56.71M	26.42M	-113.11M	-172.74M	-299.42M	-202.08M
Capital Expenditures	-97.94M	-120.96M	-104.04M	-85.99M	-84.58M	-51.71M	-68.84M	-146.43M	-183.68M	-144.67M
CapEx % of Revenue	0.06%	0.07%	0.06%	0.05%	0.05%	0.03%	0.04%	0.08%	0.08%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.84M	-7.28M	2.65M	-5.6M	-3.03M	-3.94M	-2.92M	-3.3M	-4.16M	-3.25M
Cash from Financing+	-207.71M	-225.1M	-400.03M	-719.31M	-369.96M	-363.86M	-410.12M	-209.02M	-230.15M	-289.25M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-96.99M	-101.13M	-108.82M	-116.57M	-116.31M	-117.18M	-115.29M	-113.09M	-112.15M	-110.44M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	33.01M	86.89M	47.77M	66.84M	77.82M	41.8M	29.81M	16.6M	29.4M	27.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	253.64M	350.51M	396.96M	466.43M	421.39M	412.79M	293.33M	191.77M	353.57M	353.54M
FCF Margin %	0.16%	0.21%	0.22%	0.25%	0.23%	0.24%	0.17%	0.1%	0.15%	0.15%
FCF Growth %	-0%	0.38%	0.13%	0.17%	-0.1%	-0.02%	-0.29%	-0.35%	0.84%	-0%
FCF per Share	0.86	1.20	1.38	1.73	1.66	1.69	1.24	0.83	1.54	1.56
FCF Conversion (FCF/Net Income)	1.10x	1.36x	1.23x	1.26x	1.19x	1.34x	1.00x	1.06x	1.25x	1.23x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.34%	19.14%	20.55%	22.39%	22.35%	17.81%	18.49%	15.92%	19.57%	16.91%
Return on Invested Capital (ROIC)	25.08%	27.65%	28.26%	24.99%	22.3%	18.83%	19.11%	15.76%	18.91%	15.93%
Gross Margin	39.11%	39.81%	38.7%	37.65%	37.03%	35.86%	35.8%	31.78%	33.17%	33.33%
Net Margin	20.63%	20.7%	22.66%	23.88%	22.85%	20.59%	20.84%	16.61%	18.63%	17.49%
Debt / Equity	0.14x	0.10x	0.04x	-	-	-	-	-	-	0.00x
Interest Coverage	-	-	-	-	-	665.93x	-	-	-	-
FCF Conversion	1.10x	1.36x	1.23x	1.26x	1.19x	1.34x	1.00x	1.06x	1.25x	1.23x
Revenue Growth	12.22%	8.77%	6.91%	2.18%	1.35%	-9.18%	2.55%	10.85%	19.82%	0.61%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Automotive Products	-	-	-	-	-	1.65B	1.7B	1.87B	2.25B	2.26B
Automotive Products Growth	-	-	-	-	-	-	2.97%	10.46%	20.27%	0.45%
Automotive Products	174.08M	182.73M	184.9M	1.79B	1.81B	-	-	-	-	-
Automotive Products Growth	-	4.97%	1.19%	868.71%	1.08%	-	-	-	-	-
Others	-	-	-	42.87M	48.36M	-	-	-	-	-
Others Growth	-	-	-	-	12.82%	-	-	-	-	-
Other	36.75M	39.23M	36.75M	-	-	-	-	-	-	-
Other Growth	-	6.77%	-6.34%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	494.88M	554.95M	567.49M	42.87M	48.36M	519.34M	542.69M	579.53M	688.16M	643.77M
UNITED STATES Growth	-	12.14%	2.26%	-92.45%	12.82%	973.89%	4.50%	6.79%	18.74%	-6.45%
Other Countries	568.32M	602.53M	654.25M	665.21M	557.78M	556.95M	596.32M	672.27M	656.46M	420.75M
Other Countries Growth	-	6.02%	8.58%	1.68%	-16.15%	-0.15%	7.07%	12.74%	-2.35%	-35.91%
JAPAN	148.63M	154.01M	185.26M	209.31M	225.58M	216.1M	211.42M	234.89M	323.87M	370.08M
JAPAN Growth	-	3.62%	20.30%	12.98%	7.77%	-4.20%	-2.17%	11.10%	37.88%	14.27%
GERMANY	295.04M	328.21M	351.12M	333M	296.28M	228.65M	234.99M	266.5M	294.53M	271.59M
GERMANY Growth	-	11.24%	6.98%	-5.16%	-11.03%	-22.82%	2.77%	13.41%	10.52%	-7.79%
CHINA	-	-	-	-	-	-	-	-	-	207.45M
CHINA Growth	-	-	-	-	-	-	-	-	-	-
MEXICO	-	-	-	-	160.97M	127.16M	111.76M	121.55M	142.08M	187.29M
MEXICO Growth	-	-	-	-	-	-21.00%	-12.11%	8.76%	16.89%	31.82%
KOREA, REPUBLIC OF	-	-	-	-	-	-	-	-	149.55M	163.79M
KOREA, REPUBLIC OF Growth	-	-	-	-	-	-	-	-	-	9.52%

Frequently Asked Questions

Valuation & Price

Gentex Corporation (GNTX) has a price-to-earnings (P/E) ratio of 13.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Gentex Corporation (GNTX) reported $2.43B in revenue for fiscal year 2024. This represents a 138% increase from $1.02B in 2011.

Gentex Corporation (GNTX) grew revenue by 0.6% over the past year. Growth has been modest.

Yes, Gentex Corporation (GNTX) is profitable, generating $379.5M in net income for fiscal year 2024 (17.5% net margin).

Dividend & Returns

Yes, Gentex Corporation (GNTX) pays a dividend with a yield of 2.04%. This makes it attractive for income-focused investors.

Gentex Corporation (GNTX) has a return on equity (ROE) of 16.9%. This is reasonable for most industries.

Gentex Corporation (GNTX) generated $470.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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