Gentex Corporation (GNTX)

Operating profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 459,727 495,731 370,006 409,782 399,556
Revenue US$ in thousands 2,313,310 2,299,220 1,918,960 1,731,170 1,688,190
Operating profit margin 19.87% 21.56% 19.28% 23.67% 23.67%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $459,727K ÷ $2,313,310K
= 19.87%

The operating profit margin of Gentex Corporation has shown some fluctuations over the years based on the provided data.

- As of December 31, 2020, the operating profit margin was consistent at 23.67%.
- In the following year, by December 31, 2021, the operating profit margin maintained the same level at 23.67%.
- However, by December 31, 2022, there was a decrease in the operating profit margin to 19.28%.
- The operating profit margin improved by December 31, 2023, reaching 21.56%.
- By December 31, 2024, the operating profit margin slightly decreased to 19.87%.

Overall, while there have been fluctuations in Gentex Corporation's operating profit margin, it has generally remained at a healthy level, indicating the company's ability to efficiently generate profits from its core operations.