Gentex Historical Income Statement

GNTX Stock

USD 34.36 0.55 1.63%

Historical analysis of Gentex income statement accounts such as Total Revenue of 2.4 B or Gross Profit of 800.8 M can show how well Gentex performed in making a profits. Evaluating Gentex income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gentex's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Gentex latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gentex is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gentex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.

About Gentex Income Statement Analysis

Gentex Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Gentex shareholders. The income statement also shows Gentex investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Gentex Income Statement Chart

Gentex Income Statement is one of the three primary financial statements used for reporting Gentex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Gentex revenue and expense. Gentex Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Gentex's Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 16 M in 2024, whereas Income Tax Expense is likely to drop slightly above 52 M in 2024.

Depreciation And Amortization Total Revenue Gross Profit Other Operating Expenses Operating Income Extraordinary Items

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts Gentex generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Gentex minus its cost of goods sold. It is profit before Gentex operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Gentex. It is also known as Gentex overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Gentex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Gentex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Gentex's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gentex current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gentex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.At this time, Gentex's Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 16 M in 2024, whereas Income Tax Expense is likely to drop slightly above 52 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	619.7M	609.8M	762.6M	800.8M
Total Revenue	1.7B	1.9B	2.3B	2.4B

Gross Profit Total Revenue

Gentex income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Selling And Marketing Expenses	Tax Provision	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.91	0.95	0.88	0.77	0.79	0.85	0.88	0.84	0.92	0.48	0.95	0.32	0.83	0.82	0.9	-0.4	-0.21	0.85	-0.64	0.71	-0.07	0.2
Total Revenue	0.91		0.98	0.99	0.82	0.81	0.85	0.99	0.96	0.91	0.28	0.95	0.24	0.96	0.93	0.83	-0.57	-0.53	0.77	-0.63	0.67	-0.41	0.52
Gross Profit	0.95	0.98		0.94	0.9	0.9	0.93	0.95	0.89	0.98	0.23	0.98	0.39	0.89	0.84	0.88	-0.52	-0.42	0.81	-0.52	0.6	-0.3	0.41
Other Operating Expenses	0.88	0.99	0.94		0.75	0.74	0.78	1.0	0.99	0.84	0.31	0.91	0.13	0.99	0.96	0.78	-0.59	-0.58	0.72	-0.68	0.7	-0.46	0.56
Operating Income	0.77	0.82	0.9	0.75		0.99	0.99	0.76	0.64	0.95	-0.17	0.87	0.64	0.66	0.56	0.79	-0.42	-0.38	0.68	-0.14	0.28	-0.29	0.37
Ebit	0.79	0.81	0.9	0.74	0.99		0.99	0.76	0.62	0.96	-0.14	0.88	0.63	0.64	0.56	0.82	-0.42	-0.36	0.72	-0.17	0.31	-0.26	0.34
Ebitda	0.85	0.85	0.93	0.78	0.99	0.99		0.8	0.68	0.98	-0.04	0.92	0.6	0.69	0.62	0.86	-0.42	-0.34	0.76	-0.25	0.38	-0.24	0.33
Cost Of Revenue	0.88	0.99	0.95	1.0	0.76	0.76	0.8		0.98	0.86	0.29	0.92	0.15	0.98	0.96	0.79	-0.59	-0.58	0.73	-0.67	0.69	-0.46	0.56
Total Operating Expenses	0.84	0.96	0.89	0.99	0.64	0.62	0.68	0.98		0.76	0.4	0.85	0.02	1.0	0.98	0.72	-0.57	-0.58	0.67	-0.75	0.74	-0.47	0.56
Income Before Tax	0.92	0.91	0.98	0.84	0.95	0.96	0.98	0.86	0.76		0.14	0.97	0.54	0.77	0.71	0.89	-0.42	-0.32	0.8	-0.37	0.49	-0.19	0.3
Total Other Income Expense Net	0.48	0.28	0.23	0.31	-0.17	-0.14	-0.04	0.29	0.4	0.14		0.28	-0.35	0.35	0.47	0.31	-0.02	0.19	0.37	-0.74	0.66	0.3	-0.21
Net Income	0.95	0.95	0.98	0.91	0.87	0.88	0.92	0.92	0.85	0.97	0.28		0.31	0.85	0.83	0.94	-0.46	-0.39	0.84	-0.59	0.68	-0.23	0.38
Income Tax Expense	0.32	0.24	0.39	0.13	0.64	0.63	0.6	0.15	0.02	0.54	-0.35	0.31		0.06	-0.1	0.25	-0.03	0.23	0.28	0.51	-0.35	0.2	-0.17
Research Development	0.83	0.96	0.89	0.99	0.66	0.64	0.69	0.98	1.0	0.77	0.35	0.85	0.06		0.97	0.7	-0.56	-0.6	0.64	-0.71	0.7	-0.48	0.58
Selling General Administrative	0.82	0.93	0.84	0.96	0.56	0.56	0.62	0.96	0.98	0.71	0.47	0.83	-0.1	0.97		0.72	-0.6	-0.58	0.69	-0.83	0.81	-0.47	0.57
Net Income From Continuing Ops	0.9	0.83	0.88	0.78	0.79	0.82	0.86	0.79	0.72	0.89	0.31	0.94	0.25	0.7	0.72		-0.44	-0.22	0.92	-0.59	0.75	-0.03	0.33
Non Operating Income Net Other	-0.4	-0.57	-0.52	-0.59	-0.42	-0.42	-0.42	-0.59	-0.57	-0.42	-0.02	-0.46	-0.03	-0.56	-0.6	-0.44		0.49	-0.61	0.36	-0.37	0.52	-0.49
Non Recurring	-0.21	-0.53	-0.42	-0.58	-0.38	-0.36	-0.34	-0.58	-0.58	-0.32	0.19	-0.39	0.23	-0.6	-0.58	-0.22	0.49		-0.12	0.32	-0.22	0.92	-0.8
Selling And Marketing Expenses	0.85	0.77	0.81	0.72	0.68	0.72	0.76	0.73	0.67	0.8	0.37	0.84	0.28	0.64	0.69	0.92	-0.61	-0.12		-0.57	0.7	0.01	0.26
Tax Provision	-0.64	-0.63	-0.52	-0.68	-0.14	-0.17	-0.25	-0.67	-0.75	-0.37	-0.74	-0.59	0.51	-0.71	-0.83	-0.59	0.36	0.32	-0.57		-0.94	0.18	-0.32
Interest Income	0.71	0.67	0.6	0.7	0.28	0.31	0.38	0.69	0.74	0.49	0.66	0.68	-0.35	0.7	0.81	0.75	-0.37	-0.22	0.7	-0.94		-0.03	0.37
Reconciled Depreciation	-0.07	-0.41	-0.3	-0.46	-0.29	-0.26	-0.24	-0.46	-0.47	-0.19	0.3	-0.23	0.2	-0.48	-0.47	-0.03	0.52	0.92	0.01	0.18	-0.03		-0.66
Extraordinary Items	0.2	0.52	0.41	0.56	0.37	0.34	0.33	0.56	0.56	0.3	-0.21	0.38	-0.17	0.58	0.57	0.33	-0.49	-0.8	0.26	-0.32	0.37	-0.66

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Gentex Account Relationship Matchups

Gentex income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	104.7M	104.7M	99.1M	96.6M	93.3M	98.0M
Interest Expense	116.6M	600K	105.7M	96.3M	110.7M	116.3M
Total Revenue	1.9B	1.7B	1.7B	1.9B	2.3B	2.4B
Gross Profit	688.3M	605.4M	619.7M	609.8M	762.6M	800.8M
Other Operating Expenses	1.4B	1.3B	1.3B	1.5B	1.8B	1.9B
Operating Income	383.8M	294.8M	310.7M	273.4M	495.7M	520.5M
Ebit	383.8M	294.8M	310.7M	273.4M	482.2M	506.3M
Ebitda	488.5M	399.6M	409.8M	370.0M	575.6M	604.3M
Cost Of Revenue	1.2B	1.1B	1.1B	1.3B	1.5B	1.6B
Total Operating Expenses	199.8M	205.9M	209.9M	239.8M	266.9M	280.2M
Income Before Tax	500.4M	411.8M	416.4M	369.7M	505.0M	530.2M
Total Other Income Expense Net	116.6M	117.0M	105.7M	96.3M	9.3M	16.0M
Net Income	424.7M	347.6M	360.8M	318.8M	428.4M	449.8M
Income Tax Expense	75.7M	64.2M	55.6M	51.0M	76.6M	52.0M
Research Development	114.7M	115.9M	117.8M	133.3M	154.4M	162.1M
Selling General Administrative	85.1M	90.0M	92.2M	106.5M	112.5M	118.2M
Net Income Applicable To Common Shares	424.7M	347.6M	360.8M	318.8M	366.6M	232.1M
Net Income From Continuing Ops	424.7M	347.6M	360.8M	318.8M	428.4M	343.6M
Non Operating Income Net Other	11.9M	12.3M	6.6M	(283.1K)	(254.7K)	(242.0K)
Tax Provision	75.7M	64.2M	55.6M	51.0M	76.6M	74.7M
Reconciled Depreciation	104.7M	104.7M	99.1M	96.6M	93.3M	80.0M

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When determining whether Gentex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gentex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gentex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gentex Stock:

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For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.

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When running Gentex's price analysis, check to measure Gentex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gentex is operating at the current time. Most of Gentex's value examination focuses on studying past and present price action to predict the probability of Gentex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gentex's price. Additionally, you may evaluate how the addition of Gentex to your portfolios can decrease your overall portfolio volatility.

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Is Gentex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gentex. If investors know Gentex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gentex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.122

Dividend Share

0.48

Earnings Share

1.89

Revenue Per Share

10.224

Quarterly Revenue Growth

0.072

The market value of Gentex is measured differently than its book value, which is the value of Gentex that is recorded on the company's balance sheet. Investors also form their own opinion of Gentex's value that differs from its market value or its book value, called intrinsic value, which is Gentex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gentex's market value can be influenced by many factors that don't directly affect Gentex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Gentex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gentex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gentex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gentex Historical Income Statement

About Gentex Income Statement Analysis

Gentex Income Statement Chart

Depreciation And Amortization

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Gentex income statement Correlations

Gentex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gentex income statement Accounts

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COMMON DESTINATIONS

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COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Research Development	+ 1.0	Total Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Other Operating Expenses
Research Development	+ 0.99	Other Operating Expenses

Interest Income	- 0.94	Tax Provision
Tax Provision	- 0.83	Selling General Administrative
Extraordinary Items	- 0.8	Non Recurring
Tax Provision	- 0.75	Total Operating Expenses
Tax Provision	- 0.74	Total Other Income Expense Net
Tax Provision	- 0.71	Research Development