# Gentex Corporation (GNTX)

> Source: Nexqual · https://nexqual.com/GNTX · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Gentex Corporation (GNTX), nexqual.com/GNTX" · informational, not investment advice.

**Price:** USD 21.74 (+3.52% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 21 · day 20.72–21.88 · 52w 20.48–26.53 · market cap $4.58B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.63B, net income $407M (15.5% margin), free cash flow $497M (SEC filings).
- Valuation: P/E 11.3x (avg 15.6x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold GNTX (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $631K; 4 not under a Rule 10b5-1 plan ($631K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.78 on a 1–5 scale) (9 analysts), mean target USD 27 (range 20–42).
- Total return with dividends: 1Y -15.6% vs S&P 500 +14.9%; 5Y -30.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-23, EPS estimate USD 0.5, revenue estimate $670M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.73B | $1.92B | $2.30B | $2.31B | $2.53B | $2.63B |
| Gross profit | $620M | $610M | $763M | $771M | $867M | — |
| Operating income | $410M | $370M | $496M | $460M | $474M | $507M |
| Net income | $361M | $319M | $428M | $404M | $385M | $407M |
| EPS (diluted) | $1.50 | $1.36 | $1.84 | $1.76 | $1.74 | — |
| Free cash flow | $293M | $192M | $354M | $354M | $458M | $497M |
| Gross margin | 35.8% | 31.8% | 33.2% | 33.3% | 34.2% | — |
| Operating margin | 23.7% | 19.3% | 21.6% | 19.9% | 18.7% | 19.3% |
| Net margin | 20.8% | 16.6% | 18.6% | 17.5% | 15.2% | 15.5% |
| Revenue growth | +2.5% | +10.8% | +19.8% | +0.6% | +9.6% | — |
| Cash + short-term investments | $268M | $238M | $241M | $256M | $151M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.3x · P/S 1.7x · P/FCF 9.2x · P/B 1.8x · FCF yield 10.84% · Earnings yield 8.89% · Dividend yield (paid, TTM) 2.27% · Buyback yield (TTM) 5.56%
P/E at fiscal year-ends: Dec 2025 13.2x, Dec 2024 16.1x, Dec 2023 17.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold GNTX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 2.09% | $210M | Reduced -0.4% |
| Jensen Investment Management |  | 0.07% | $2.7M | Reduced -18.8% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-15 | Walker Brian C | Director | 5,939 | $136K | 19.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15 | Anderson Joseph B Jr | Director | 5,939 | $136K | 100% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-05 | Brown Leslie L | Director | 10,782 | $246K | 22.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-30 | Schaum Richard O | Director | 4,815 | $112K | 5.6% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.78 on a 1–5 scale), 9 analysts; mean target USD 27 (low 20, high 42).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | UBS | Target lowered | Neutral | $25 → $24 |
| 2026-10-06 | Goldman Sachs | Downgrade | Neutral → Sell | $23 → $20 |
| 2026-08-10 | JP Morgan | Target lowered | Neutral | $28 → $27 |
| 2026-07-09 | UBS | Target lowered | Neutral | $26 → $25 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -15.6% | -30.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -15.7% | -7.1% |
| Volatility (annualized) | 26.7% | 25.1% |
| Max drawdown | -21.0% (Oct 2025→Mar 2026) | -41.6% (Feb 2024→Mar 2026) |

## Peers (Auto Parts)
GTX (Garrett Motion Inc.) USD 22 -8.07% · ATMU (Atmus Filtration Technologies I) USD 44.75 -0.73% · DORM (Dorman Products, Inc.) USD 127.49 +3.34% · LKQ (LKQ Corporation) USD 22.47 +5.10% · LEA (Lear Corporation) USD 118.61 +0.61% · MBLY (Mobileye Global Inc.) USD 6.95 -1.00%

## More
Full page: https://nexqual.com/GNTX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Automotive Products | $560.2M | 86.0% | -3.1% | $125.6M | 22.4% |
| Premium Audio Products | $51.7M | 7.9% | +16.2% | $12.9M | 25.0% |
| Other | $39.4M | 6.1% | +11.8% | $2.8M | 7.1% |
| Total revenue | $651.3M | 100% | — | $141.3M | 21.7% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Automotive Products | $560.2M | 86.0% | -3.1% |
| — Automotive Mirrors & Electronics (part of Automotive Products) | $531.7M | 81.6% | -3.1% |
| — HomeLink Modules (part of Automotive Products) | $28.5M | 4.4% | -2.4% |
| Premium Audio Products | $51.7M | 7.9% | +16.2% |
| — Premium Speaker Products (part of Premium Audio Products) | $37.4M | 5.7% | +15.2% |
| — Premium Receiver Products (part of Premium Audio Products) | $14.3M | 2.2% | +18.9% |
| Other Products | $39.4M | 6.1% | +11.8% |
| — Aftermarket Products (part of Other Products) | $13.6M | 2.1% | -10.8% |
| — Fire Protection Products (part of Other Products) | $8.3M | 1.3% | +2.4% |
| — Consumer Electronic Products (part of Other Products) | $7.9M | 1.2% | +5.7% |
| — Windows Products (part of Other Products) | $6.5M | 1.0% | +63.2% |
| — Biometric Products (part of Other Products) | $2.7M | 0.4% | +1172.7% |
| — Medical Products (part of Other Products) | $361,016 | 0.1% | +47.1% |
| SAD | $39,973 | 0.0% | — |
| Total revenue | $651.3M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 18%, 10% of revenue from unnamed direct customers (10-K, filed 2026-02-24).

## Company outlook (8-K filed 2026-07-24)

- "Closing Remarks "As we entered 2026, we knew geopolitical challenges would continue to pressure our business in China, and we also expected ongoing headwinds within our base mirror business."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.50 | $0.51 | -1.7% | $669.6M | 6 |
| Next quarter (ends 2026-12-31) | $0.52 | $0.51 | +2.0% | $672.0M | 6 |
| Current fiscal year (ends 2026-12-31) | $2.08 | $2.00 | +4.3% | $2.67B | 7 |
| Next fiscal year (ends 2027-12-31) | $2.18 | $2.22 | -1.4% | $2.80B | 7 |