Gentex Corporation (GNTX)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	771,091	798,234	785,611	790,131	762,630	713,095	668,855	624,139	609,814	599,891	593,590	596,820	619,708	692,472	739,809	632,157	605,444	550,574	542,658	675,251
Revenue (ttm)	US$ in thousands	2,313,315	2,360,809	2,328,131	2,338,678	2,299,214	2,203,730	2,121,519	2,001,469	1,918,959	1,845,152	1,751,114	1,715,696	1,731,170	1,841,193	1,916,033	1,717,654	1,687,591	1,601,563	1,604,885	1,843,970
Gross profit margin		33.33%	33.81%	33.74%	33.79%	33.17%	32.36%	31.53%	31.18%	31.78%	32.51%	33.90%	34.79%	35.80%	37.61%	38.61%	36.80%	35.88%	34.38%	33.81%	36.62%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $771,091K ÷ $2,313,315K
= 33.33%

Gentex Corporation's gross profit margin has shown some fluctuations over the past few years. The trend indicates a slight decrease from March 31, 2020, to September 30, 2022, with a peak at June 30, 2021. However, from September 30, 2022, to December 31, 2024, the gross profit margin has stabilized within a relatively narrow range of 31.18% to 33.81%.

The overall gross profit margin for Gentex Corporation has been relatively healthy, staying above 30% consistently, which is a positive sign indicating the company's ability to effectively manage its production costs and generate profits from its core business operations.

It would be important for the company to closely monitor its gross profit margin and implement strategies to maintain or improve it over time, as fluctuations in this metric can impact the company's overall financial performance and competitiveness in the market.