Gentex Income Statement Research

GNTX Stock

USD 33.51 0.17 0.50%

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 Gentex Valuation and Gentex Correlation analysis.

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

At this time, Gentex's Total Other Income Expense Net is fairly stable compared to the past year. Net Income is likely to rise to about 449.8 M in 2024, despite the fact that Interest Expense is likely to grow to (105.2 M).

For more information on how to buy Gentex Stock please use our How to Invest in Gentex guide.At this time, Gentex's Total Other Income Expense Net is fairly stable compared to the past year. Net Income is likely to rise to about 449.8 M in 2024, despite the fact that Interest Expense is likely to grow to (105.2 M).

	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	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	-0.64	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	-0.63	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	-0.52	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	-0.68	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	-0.14	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	-0.17	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	-0.25	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	-0.67	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	-0.75	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	-0.37	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	-0.74	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	-0.59	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	0.51	-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	-0.71	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	-0.83	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	-0.59	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	0.36	-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		0.32	-0.22	0.92	-0.8
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		-0.94	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	-0.94		-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	0.18	-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	-0.32	0.37	-0.66

Click cells to compare fundamentals

Gentex Account Relationship Matchups

Gentex income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	116.6M	600K	105.7M	(96.3M)	(110.7M)	(105.2M)
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
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
Income Before Tax	500.4M	411.8M	416.4M	369.7M	505.0M	530.2M
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
Tax Provision	75.7M	64.2M	55.6M	51.0M	76.6M	74.7M

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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:

How To Invest In Gentex

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Is Gentex Stock a good investment?

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What is Gentex's Net Worth?

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Check out Gentex Valuation and Gentex Correlation analysis.

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

You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Gentex Stock analysis

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

0.352

Dividend Share

0.48

Earnings Share

1.84

Revenue Per Share

10.022

Quarterly Revenue Growth

0.193

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 Income Statement Research

Gentex income statement Correlations

Gentex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gentex income statement Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Gentex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

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