Gentex Corporation (GNTX)

Operating 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
Operating income (ttm) US$ in thousands 459,726 502,732 499,421 511,826 495,731 457,075 421,450 379,952 370,007 363,848 365,221 379,355 409,783 484,238 534,926 428,263 399,556 348,043 337,326 471,969
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
Operating profit margin 19.87% 21.29% 21.45% 21.89% 21.56% 20.74% 19.87% 18.98% 19.28% 19.72% 20.86% 22.11% 23.67% 26.30% 27.92% 24.93% 23.68% 21.73% 21.02% 25.60%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $459,726K ÷ $2,313,315K
= 19.87%

Gentex Corporation's operating profit margin has shown some fluctuations over the past few years. It started at a strong level of 25.60% in March 2020 but then dipped to 21.02% in June 2020 before gradually increasing to 27.92% in June 2021. However, after reaching this peak, the operating profit margin started to decline, falling to 19.72% by September 2022.

Despite some fluctuations, the operating profit margin generally remained above 20% until December 2023. In the last quarter of 2023, there was a slight increase to 21.56%, followed by a further increase to 21.89% in March 2024. However, from that point onwards, the operating profit margin began to decline steadily, reaching 19.87% by the end of June 2024.

Overall, the trend in Gentex Corporation's operating profit margin shows some volatility and a recent downward trajectory, indicating potential challenges in maintaining profitability in the later periods covered by the data. Further analysis and comparison with industry benchmarks may provide more insights into the company's operational efficiency and profitability performance.