← GENTEX CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.7b | $1.8b | $1.8b | $1.9b | $1.7b | $1.7b | $1.9b | $2.3b | $2.3b | $2.5b | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.8b | — | — | — | — | — | — | — | |
| Cost of Revenue | $1.0b | $1.1b | $1.1b | $1.2b | $1.1b | $1.1b | $1.3b | $1.5b | $1.5b | $1.7b | |
| Gross Profit | $668.5m | $694.5m | $690.5m | $688.3m | $605.4m | $619.7m | $609.8m | $762.6m | $771.1m | $866.7m | |
| Operating Expenses | $156.7m | $171.2m | $182.3m | $199.8m | $205.9m | $209.9m | $239.8m | $266.9m | $311.4m | $392.8m | |
| Operating Income (Loss) | $511.7m | $523.4m | $508.1m | $488.5m | $399.6m | $409.8m | $370.0m | $495.7m | $459.7m | $473.9m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $22.3m | $22.5m | $22.5m | $22.4m | $22.4m | $22.2m | $21.7m | $19.7m | $17.9m | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.7m | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $416.4m | $369.7m | $505.0m | $472.2m | $461.1m | |
| Investment Income, Net | — | — | — | — | — | — | — | — | $13.4m | — | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $347.6m | $406.8m | $437.9m | $419.7m | $342.6m | $355.2m | $313.9m | $422.1m | $398.9m | $379.1m | |
| Net Income (Loss) Attributable to Parent | $347.6m | $406.8m | $437.9m | $424.7m | $347.6m | $360.8m | $318.8m | $428.4m | $404.5m | $384.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $0 | $0 | ($159k) | |
| Earnings Per Share, Basic | $1.21 | $1.42 | $1.64 | $1.67 | $1.41 | $1.51 | $1.36 | $1.84 | $1.77 | $1.74 | |
| Earnings Per Share, Diluted | $1.19 | $1.41 | $1.62 | $1.66 | $1.41 | $1.50 | $1.36 | $1.84 | $1.76 | $1.74 | |
| Common Stock, Dividends, Per Share, Declared | $0.35 | $0.39 | $0.44 | $0.46 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | |
| Weighted Average Number of Shares Outstanding, Basic | 288.4m | 285.9m | 267.8m | 251.8m | 242.6m | 235.5m | 230.8m | 229.4m | 225.7m | 217.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 291.1m | 288.2m | 269.9m | 253.3m | 243.7m | 236.6m | 231.2m | 229.7m | 226.0m | 217.8m | |
| Research and Development Expense | $94.2m | $99.7m | $107.1m | $114.7m | $115.9m | $117.8m | $133.3m | $154.4m | $181.5m | $203.3m | |
| Selling, General and Administrative Expense | $62.5m | $71.4m | $75.2m | $85.1m | $90.0m | $92.2m | $106.5m | $112.5m | $121.0m | $177.9m | |
| Other Nonoperating Income (Expense) | ($6.0m) | ($1.0m) | $2.7m | $647k | $5.3m | $3.0m | ($5.1m) | ($4.2m) | ($916k) | ($11.6m) | |
| Cost of Property Repairs and Maintenance | $22.1m | $24.6m | $28.9m | $28.9m | $22.6m | $24.2m | $27.9m | $31.0m | $35.3m | $34.9m | |
| Current Income Tax Expense (Benefit) | $140.5m | $139.6m | $88.5m | $78.8m | $79.7m | $97.2m | $68.7m | $94.3m | $80.1m | $94.8m | |
| Interest Expense, Debt | — | — | $800k | — | — | — | — | — | — | — | |
| Marketing and Advertising Expense | $1.9m | $2.6m | $2.5m | $3.0m | $2.0m | $1.8m | $3.3m | $3.4m | $4.5m | $8.0m | |
| Income Tax Expense (Benefit) | $163.0m | $125.0m | $84.2m | $75.7m | $64.2m | $55.6m | $51.0m | $76.6m | $67.7m | $76.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.