Gentex Corporation (GNTX)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	404,488	428,403	318,757	360,797	347,564
Revenue	US$ in thousands	2,313,310	2,299,220	1,918,960	1,731,170	1,688,190
Net profit margin		17.49%	18.63%	16.61%	20.84%	20.59%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $404,488K ÷ $2,313,310K
= 17.49%

Gentex Corporation's net profit margin has shown some fluctuations over the past five years. In December 2020, the net profit margin was 20.59%, which slightly increased to 20.84% by December 2021. However, there was a noticeable decrease in the net profit margin to 16.61% by December 2022. Subsequently, there was a moderate recovery with the net profit margin increasing to 18.63% by December 2023. By December 2024, the net profit margin stood at 17.49%.

These fluctuations in the net profit margin indicate some variability in Gentex Corporation's profitability over the years. It is important for the company to carefully monitor and analyze the factors impacting its net profit margin to ensure sustainable and consistent profitability in the future.