GENTEX CORP【GNTX】Income statement

Market cap

$5.5B

P/E ratio

	2010/12	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12
Revenue	816	1,024	1,100	1,172	1,376	1,544	1,679	1,795	1,834	1,859	1,688	1,731	1,919	2,299	2,313
Revenue growth (%)	-
Cost of revenue	521	662	727	741	837	940	1,010	1,100	1,144	1,171	1,083	1,111	1,309	1,537	1,542
Gross profit	296	362	373	431	539	604	668	695	690	688	605	620	610	763	771
Gross margin (%)
Research & development	64	82	85	76	84	88	94	100	107	115	116	118	133	154	181
Selling, general & administrative	41	49	48	49	56	57	62	71	75	85	90	92	106	113	121
Operating margin (%)
Operating income	191	231	234	305	399	459	512	523	508	489	400	410	370	496	460
Operating expenses	105	130	138	126	140	145	157	171	182	200	206	210	240	267	311
Income before tax	203	244	250	328	415	464	511	532	522	500	412	416	370	505	472
Pretax margin (%)	24.9	23.9	22.7	28	30.2	30	30.4	29.6	28.5	26.9	24.4	24.1	19.3	22	20.4
Provision for income taxes	66	80	81	105	127	145	163	125	84	76	64	56	51	77	68
Effective tax rate (%)
Net income	138	165	169	223	289	318	348	407	438	425	348	361	319	428	404
Net income margin (%)
Earnings per share	0.99	1.16	1.18	1.55	0.99	1.09	1.21	1.42	1.64	1.67	1.41	1.51	1.36	1.84	1.77
Diluted EPS	0.98	1.14	1.17	1.55	0.98	1.08	1.19	1.41	1.62	1.66	1.41	1.5	1.36	1.84	1.76
Dividend payout ratio (%)
Dividend per share	0.44	0.48	0.52	0.56	0.31	0.34	0.35	0.39	0.44	0.46	0.48	0.48	0.48	0.48	0.48
EBITDA
EBITDA margin (%)