Gentex Corporation (GNTX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 472,214 | 504,981 | 369,723 | 416,352 | 411,813 |
| Revenue | US$ in thousands | 2,313,310 | 2,299,220 | 1,918,960 | 1,731,170 | 1,688,190 |
| Pretax margin | 20.41% | 21.96% | 19.27% | 24.05% | 24.39% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $472,214K ÷ $2,313,310K
= 20.41%
The pretax margin of Gentex Corporation has shown some fluctuations over the years. It stood at 24.39% on December 31, 2020, and slightly decreased to 24.05% by December 31, 2021. Subsequently, there was a more significant decline to 19.27% by December 31, 2022. However, there was a partial recovery as the pretax margin increased to 21.96% on December 31, 2023, followed by a slight decrease to 20.41% by December 31, 2024. These fluctuations may indicate changes in the company's cost structure, revenue generation, or efficiency in managing expenses, which should be further explored to understand the underlying reasons for the changes in the pretax margin.
Peer comparison
Dec 31, 2024