Filing Flows › Gentex (GNTX) › Q1 2025
Gentex (GNTX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Gentex (GNTX) reported revenue of $577M for the first quarter 2025 (Q1 2025), -2% from a year earlier and +6% from the quarter before. Operating margin was 19.6%, net earnings $94.9M (16.4% of revenue).
Gentex, Q1 2025: revenue $577M (-2% year over year), operating margin 19.6%, net earnings $94.9M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $577M | +6% | -2% |
| Gross profit | $192M | +9% | -5% |
| Operating profit | $113M | +26% | -13% |
| Net earnings | $94.9M | +8% | -12% |
| Operating cash flow | $149M | -4% | +14% |
| Free cash flow | $112M | -0.8% | +14% |
What changed
Revenue was $576.8M in Q1 2025, down 2% year over year and up 6% from the previous quarter. Automotive Products was the largest line at 98% of revenue. Automotive Products lost $13.7M year over year (down 2%), 102% of the total change.
Gross margin was 33.2%, down 1.0 points from a year earlier. Operating profit was $113.0M, a 19.6% margin (down 2.3 points year over year). Operating expenses grew 8% against a revenue fall of 2%. Net earnings were $94.9M, down 12% year over year. The effective tax rate was 16.5%.
Operating cash flow was $148.5M (up 14% year over year), 157% of net earnings. Non-cash charges added back $25.5M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items added $19.5M. Capital expenditures of $36.7M left free cash flow of $111.8M.
Questions
What was Gentex's revenue in the first quarter 2025?
Gentex (GNTX) reported revenue of $577M for the first quarter 2025 (Q1 2025), -2% from a year earlier and +6% from the quarter before.
Was Gentex profitable in the first quarter 2025?
Operating profit was $113M (19.6% of revenue) and net earnings $94.9M.
Source: Gentex 10-Q on SEC EDGAR.