Gentherm (THRM) Financials

$31.83 +0.63 (+2.02%)

Closing price 05/21/2026 04:00 PM Eastern

Extended Trading

$31.83 0.00 (0.00%)

As of 04:00 AM Eastern

Annual Income Statements for Gentherm

This table shows Gentherm's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	95	77	35	42	49	60	93	24	40	65	18
Consolidated Net Income / (Loss)	95	77	35	42	49	60	93	24	40	65	18
Net Income / (Loss) Continuing Operations	95	77	35	42	49	60	93	24	40	65	18
Total Pre-Tax Income	129	111	69	58	59	82	114	38	55	102	36
Total Operating Income	121	106	97	73	84	89	115	48	77	107	83
Total Gross Profit	276	295	319	305	288	268	304	274	352	366	362
Total Revenue	856	918	994	1,049	972	913	1,046	1,205	1,469	1,456	1,499
Operating Revenue	856	918	994	1,049	972	913	1,046	1,205	1,469	1,456	1,499
Total Cost of Revenue	580	623	675	744	683	645	743	931	1,117	1,090	1,136
Operating Cost of Revenue	580	623	675	744	683	645	743	931	1,117	1,090	1,136
Total Operating Expenses	155	189	222	232	204	179	189	225	274	259	279
Selling, General & Admin Expense	95	115	140	137	119	105	110	133	156	155	170
Research & Development Expense	60	73	82	80	72	68	75	86	94	89	95
Impairment Charge	-	-	-	-	-	0.00	0.00	6.29	20	2.50	0.00
Restructuring Charge	-	0.74	-	15	13	5.80	3.86	0.64	4.74	13	12
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	0.00	2.20
Total Other Income / (Expense), net	7.62	4.44	-28	-15	-25	-7.66	-1.15	-9.93	-22	-4.75	-47
Interest Expense	2.61	3.26	4.89	4.94	4.76	4.56	2.76	4.29	15	15	14
Other Income / (Expense), net	10	7.70	-23	-9.73	-20	-3.10	1.60	-5.63	-7.84	11	-33
Income Tax Expense	34	34	34	16	10	22	20	14	15	37	18
Basic Earnings per Share	$2.65	$2.10	$0.96	$1.17	$1.48	$1.83	$2.82	$0.74	$1.23	$2.08	$0.60
Weighted Average Basic Shares Outstanding	36.03M	36.45M	36.72M	35.92M	33.12M	32.67M	33.09M	33.13M	32.78M	31.29M	30.59M
Diluted Earnings per Share	$2.62	$2.09	$0.96	$1.16	$1.47	$1.81	$2.79	$0.73	$1.22	$2.06	$0.59
Weighted Average Diluted Shares Outstanding	36.48M	36.60M	36.81M	36.18M	33.30M	33.03M	33.51M	33.50M	33.07M	31.48M	30.93M
Weighted Average Basic & Diluted Shares Outstanding	36M	36.50M	36.70M	698.30M	32.80M	32.94M	33.02M	33.21M	31.54M	30.79M	30.53M

This table shows Gentherm's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	16	18	15	19	16	15	-0.13	0.48	15	2.99	4.22
Consolidated Net Income / (Loss)	16	18	15	19	16	15	-0.13	0.48	15	2.99	4.22
Net Income / (Loss) Continuing Operations	16	18	15	19	16	15	-0.13	0.48	15	2.99	4.22
Total Pre-Tax Income	23	17	18	28	19	36	2.08	2.53	21	10	7.61
Total Operating Income	24	32	18	33	32	24	17	24	24	18	11
Total Gross Profit	86	96	89	97	95	86	86	90	95	91	97
Total Revenue	366	367	356	376	372	353	354	375	387	383	394
Operating Revenue	366	367	356	376	372	353	354	375	387	383	394
Total Cost of Revenue	280	271	267	279	277	267	267	285	292	292	296
Operating Cost of Revenue	280	271	267	279	277	267	267	285	292	292	296
Total Operating Expenses	62	65	71	64	63	62	69	66	71	73	86
Selling, General & Admin Expense	38	42	41	39	37	38	38	41	43	48	55
Research & Development Expense	23	21	23	22	23	21	24	23	24	24	24
Restructuring Charge	1.10	1.33	7.24	2.44	2.66	0.77	4.51	2.11	3.99	1.87	6.69
Other Special Charges / (Income)	-	-	0.00	0.00	0.00	-	2.20	0.00	0.00	-	0.00
Total Other Income / (Expense), net	-0.99	-14	0.28	-4.57	-13	12	-15	-21	-2.97	-7.44	-3.67
Interest Expense	3.37	5.20	3.24	4.00	4.71	3.34	3.56	4.04	3.31	2.90	2.63
Other Income / (Expense), net	2.38	-9.29	3.52	-0.57	-8.22	16	-11	-17	0.34	-4.54	-1.04
Income Tax Expense	6.91	-0.87	3.54	9.54	3.45	21	2.21	2.06	5.94	7.35	3.40
Basic Earnings per Share	$0.48	$0.56	$0.47	$0.60	$0.51	$0.50	$0.00	$0.02	$0.49	$0.09	$0.14
Weighted Average Basic Shares Outstanding	32.94M	32.78M	31.54M	31.53M	31.19M	31.29M	30.78M	30.60M	30.48M	30.59M	30.52M
Diluted Earnings per Share	$0.48	$0.55	$0.47	$0.60	$0.51	$0.48	$0.00	$0.02	$0.49	$0.08	$0.14
Weighted Average Diluted Shares Outstanding	33.20M	33.07M	31.69M	31.71M	31.37M	31.48M	30.78M	30.65M	30.75M	30.93M	30.76M
Weighted Average Basic & Diluted Shares Outstanding	32.80M	31.54M	31.64M	31.33M	30.98M	30.79M	30.86M	30.52M	30.53M	30.53M	30.67M

This table details how cash moves in and out of Gentherm's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	59	33	-74	-64	13	215	-78	-37	-4.22	-16	27
Net Cash From Operating Activities	105	108	50	118	119	111	143	15	119	110	117
Net Cash From Continuing Operating Activities	105	108	50	118	119	111	143	15	119	110	117
Net Income / (Loss) Continuing Operations	95	77	35	42	49	60	93	24	40	65	18
Consolidated Net Income / (Loss)	95	77	35	42	49	60	93	24	40	65	18
Depreciation Expense	31	38	45	51	44	41	39	44	51	53	53
Non-Cash Adjustments To Reconcile Net Income	-3.50	9.95	13	23	30	9.30	18	30	39	18	22
Changes in Operating Assets and Liabilities, net	-18	-16	-43	2.69	-3.82	0.59	-7.14	-83	-11	-26	23
Net Cash From Investing Activities	-63	-144	-118	-41	5.84	-18	-49	-240	-24	-54	-52
Net Cash From Continuing Investing Activities	-63	-144	-118	-41	5.84	-18	-49	-240	-24	-54	-52
Purchase of Property, Plant & Equipment	-55	-66	-51	-42	-24	-17	-41	-245	-38	-73	-56
Acquisitions	-	-74	-67	-0.02	-15	-3.14	-7.56	-0.50	-0.82	-0.96	-1.24
Sale of Property, Plant & Equipment	0.25	0.06	0.09	-	0.22	2.14	0.02	0.25	0.39	7.86	3.77
Other Investing Activities, net	-	-	-	0.80	-	0.00	0.00	5.54	14	13	0.75
Net Cash From Financing Activities	24	80	-32	-139	-109	115	-169	190	-106	-52	-42
Net Cash From Continuing Financing Activities	24	80	-32	-139	-109	115	-169	190	-106	-52	-42
Repayment of Debt	-5.05	-43	-27	-99	-98	-91	-153	-13	-72	-71	-143
Repurchase of Common Equity	-	-	-5.33	-148	-63	-9.09	-20	0.00	-91	-52	-10
Issuance of Debt	15	115	-	95	38	201	0.00	207	60	68	112
Other Financing Activities, net	14	7.75	0.92	14	15	15	4.10	-3.80	-2.68	2.50	-1.32
Effect of Exchange Rate Changes	-7.63	-11	25	-1.96	-2.72	7.44	-2.84	-1.69	6.69	-20	4.79
Cash Interest Paid	2.83	3.03	4.54	5.03	4.46	4.20	2.38	6.34	13	13	13
Cash Income Taxes Paid	32	22	77	23	11	5.01	15	22	23	21	37

This table details how cash moves in and out of Gentherm's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-14	-4.68	-25	-1.64	27	-16	29	-35	26	6.58	17
Net Cash From Operating Activities	21	39	-10	37	46	37	-13	45	56	29	-5.04
Net Cash From Continuing Operating Activities	21	39	-10	37	46	37	-13	45	56	29	-5.04
Net Income / (Loss) Continuing Operations	16	18	15	19	16	15	-0.13	0.48	15	2.99	4.22
Consolidated Net Income / (Loss)	16	18	15	19	16	15	-0.13	0.48	15	2.99	4.22
Depreciation Expense	12	12	14	13	13	13	13	13	13	14	14
Non-Cash Adjustments To Reconcile Net Income	8.11	3.29	4.15	3.99	0.95	8.68	6.39	5.88	6.22	3.66	4.04
Changes in Operating Assets and Liabilities, net	-15	5.43	-43	1.37	16	-0.33	-33	26	22	8.42	-28
Net Cash From Investing Activities	-10	-7.18	-8.83	-16	-8.46	-20	-11	-9.30	-9.95	-23	-5.65
Net Cash From Continuing Investing Activities	-10	-7.18	-8.83	-16	-8.46	-20	-11	-9.30	-9.95	-23	-5.65
Purchase of Property, Plant & Equipment	-13	-11	-11	-19	-20	-23	-15	-8.86	-9.65	-22	-5.65
Acquisitions	-0.13	-0.19	-0.27	-	-0.33	-0.37	-0.15	-0.44	-0.33	-0.33	0.00
Sale of Property, Plant & Equipment	0.03	0.32	0.02	0.06	7.46	0.33	3.74	0.00	0.03	-	0.00
Other Investing Activities, net	2.79	3.76	2.73	3.48	4.06	2.61	0.74	-	-	0.00	0.00
Net Cash From Financing Activities	-21	-45	-1.53	-20	-19	-11	41	-63	-20	-0.05	28
Net Cash From Continuing Financing Activities	-21	-45	-1.53	-20	-19	-11	41	-63	-20	-0.05	28
Repayment of Debt	-10	-45	-10	-25	-18	-17	-10	-53	-40	-40	-35
Repurchase of Common Equity	-11	-60	-	-22	-20	-10	0.00	-	-	-	0.00
Issuance of Debt	-	60	10	25	18	15	52	-	20	40	65
Other Financing Activities, net	-0.11	-0.19	-1.21	1.56	1.15	1.00	-1.22	-0.01	-0.07	-0.01	-1.86
Effect of Exchange Rate Changes	-4.18	8.57	-3.88	-2.70	8.14	-22	12	-7.53	-0.11	0.28	-0.85
Other Net Changes in Cash	-	-	-	-	-	-	0.00	-	-	-	0.00
Cash Interest Paid	3.10	3.51	3.31	3.41	3.30	2.99	3.13	3.63	3.08	2.78	2.55

This table presents Gentherm's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	648	843	883	803	739	1,023	935	1,239	1,234	1,248	1,396
Total Current Assets	416	484	461	443	374	644	566	684	688	684	777
Cash & Equivalents	144	177	103	40	50	268	191	154	150	134	161
Accounts Receivable	144	170	185	167	160	212	183	247	254	258	281
Inventories, net	84	105	121	113	118	122	159	218	206	227	253
Other Current Assets	-	0.02	0.21	54	43	41	33	65	78	64	82
Plant, Property, & Equipment, net	119	172	200	171	161	153	155	244	245	253	271
Total Noncurrent Assets	113	187	222	189	204	227	214	311	302	311	349
Goodwill	28	52	70	55	65	68	66	120	104	100	109
Intangible Assets	48	58	83	56	50	46	38	74	66	57	53
Noncurrent Deferred & Refundable Income Taxes	28	35	30	64	69	74	70	70	82	75	94
Other Noncurrent Operating Assets	8.40	41	38	13	21	38	41	47	49	79	94
Total Liabilities & Shareholders' Equity	648	843	883	803	739	1,023	935	1,239	1,234	1,248	1,396
Total Liabilities	264	383	330	323	255	437	282	567	590	631	676
Total Current Liabilities	145	194	171	175	157	206	213	286	325	340	404
Short-Term Debt	4.91	2.09	3.46	3.41	2.50	2.50	2.50	2.44	0.62	0.14	0.07
Accounts Payable	77	85	90	93	83	116	123	182	216	227	260
Other Current Liabilities	0.73	1.40	1.05	66	71	87	88	101	109	113	144
Total Noncurrent Liabilities	119	189	158	148	98	231	68	281	265	290	272
Long-Term Debt	93	169	141	136	78	190	36	233	222	220	189
Capital Lease Obligations	-	-	-	-	6.75	24	20	21	16	37	48
Noncurrent Employee Benefit Liabilities	6.55	7.42	7.91	7.21	8.06	8.16	6.83	3.64	3.21	4.02	3.75
Other Noncurrent Operating Liabilities	5.03	4.09	2.75	3.09	5.10	8.19	5.58	25	23	29	31
Total Equity & Noncontrolling Interests	384	460	554	480	484	586	654	672	645	617	720
Total Preferred & Common Equity	384	460	554	480	484	586	654	672	645	617	720
Total Common Equity	384	460	554	480	484	586	654	672	645	617	720
Common Stock	257	262	265	155	103	121	119	123	51	2.05	5.61
Retained Earnings	180	257	294	364	413	473	566	591	624	696	714
Accumulated Other Comprehensive Income / (Loss)	-52	-69	-20	-40	-42	-15	-37	-46	-30	-85	-0.96
Other Equity Adjustments	-1.28	10	16	-	11	7.46	5.87	5.45	0.00	4.29	1.59

This table presents Gentherm's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,241	1,269	1,244	1,226	1,253	1,241	1,298	1,344	1,361	1,381	1,430
Total Current Assets	706	711	710	701	700	690	737	764	759	786	826
Cash & Equivalents	139	167	169	154	125	123	151	163	128	154	177
Accounts Receivable	249	257	258	264	265	265	271	284	295	291	307
Inventories, net	234	218	208	206	220	214	234	236	248	253	257
Other Current Assets	84	70	75	77	91	87	82	81	87	87	85
Plant, Property, & Equipment, net	228	242	240	237	242	246	254	253	262	257	261
Total Noncurrent Assets	307	315	295	288	310	305	308	327	340	338	343
Goodwill	125	121	101	101	102	102	105	102	109	109	108
Intangible Assets	69	72	69	66	63	62	61	56	56	54	51
Noncurrent Deferred & Refundable Income Taxes	66	73	75	73	81	80	82	76	78	78	94
Other Noncurrent Operating Assets	47	49	50	48	64	60	60	92	97	97	91
Total Liabilities & Shareholders' Equity	1,241	1,269	1,244	1,226	1,253	1,241	1,298	1,344	1,361	1,381	1,430
Total Liabilities	617	588	573	566	606	600	637	698	662	663	714
Total Current Liabilities	320	307	308	312	333	326	365	353	377	400	418
Short-Term Debt	3.54	2.00	0.68	0.62	0.32	0.27	0.21	0.14	0.15	0.11	0.04
Accounts Payable	208	208	208	214	226	222	255	243	254	264	277
Other Current Liabilities	108	97	99	98	107	104	111	110	123	137	141
Total Noncurrent Liabilities	297	282	266	253	273	274	272	344	285	263	295
Long-Term Debt	232	233	217	207	222	222	222	262	209	189	219
Capital Lease Obligations	22	20	18	16	23	22	22	51	51	50	45
Noncurrent Employee Benefit Liabilities	5.85	3.33	3.23	3.17	2.77	2.76	2.81	3.75	3.91	3.88	3.35
Other Noncurrent Operating Liabilities	37	26	27	26	24	27	25	28	21	21	28
Total Equity & Noncontrolling Interests	624	680	671	660	647	640	661	647	700	718	716
Total Preferred & Common Equity	624	680	671	660	647	640	661	647	700	718	716
Total Common Equity	624	680	671	660	647	640	661	647	700	718	716
Common Stock	120	112	106	98	53	27	11	3.45	0.00	3.90	6.46
Retained Earnings	595	599	597	613	639	665	680	696	696	711	718
Accumulated Other Comprehensive Income / (Loss)	-96	-36	-37	-56	-45	-56	-35	-57	2.01	1.36	-9.89
Other Equity Adjustments	5.48	5.38	5.38	5.38	0.00	4.95	4.55	4.29	1.59	1.59	1.59

This table displays calculated financial ratios and metrics derived from Gentherm's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.56%	7.14%	8.33%	5.48%	-7.33%	-6.03%	14.57%	15.15%	21.95%	-0.88%	2.92%
EBITDA Growth	23.42%	-6.76%	-21.42%	-4.54%	-4.87%	17.63%	22.13%	-43.97%	38.44%	41.48%	-39.59%
EBIT Growth	36.04%	-13.48%	-34.86%	-14.94%	1.35%	34.74%	35.41%	-63.40%	63.08%	68.93%	-57.77%
NOPAT Growth	22.53%	-18.09%	-32.82%	6.25%	32.65%	-6.19%	44.54%	-67.41%	84.81%	19.55%	-37.91%
Net Income Growth	36.04%	-19.70%	-54.01%	18.94%	16.63%	22.15%	56.53%	-73.84%	65.06%	60.99%	-71.85%
EPS Growth	34.36%	-20.23%	-54.07%	20.83%	26.72%	23.13%	54.14%	-73.84%	67.12%	68.85%	-71.36%
Operating Cash Flow Growth	30.34%	3.52%	-53.99%	137.44%	0.31%	-6.82%	29.25%	-89.55%	697.92%	-8.07%	6.52%
Free Cash Flow Firm Growth	56.60%	-183.19%	-114.04%	235.02%	-39.78%	-33.93%	118.23%	-306.46%	143.70%	-35.99%	-123.25%
Invested Capital Growth	12.83%	34.48%	31.07%	-11.96%	-0.92%	3.11%	-2.42%	48.35%	-5.16%	0.82%	7.65%
Revenue Q/Q Growth	0.84%	2.72%	3.00%	-0.90%	-2.57%	6.85%	-3.74%	8.57%	1.63%	-0.95%	2.03%
EBITDA Q/Q Growth	8.31%	-2.79%	-8.63%	0.11%	-6.39%	27.34%	-11.27%	-18.50%	22.53%	11.44%	-19.66%
EBIT Q/Q Growth	12.90%	-5.39%	-15.42%	0.83%	-9.14%	48.04%	-13.86%	-36.31%	51.54%	16.95%	-34.56%
NOPAT Q/Q Growth	1.78%	-0.55%	-39.87%	72.56%	37.92%	6.63%	-14.08%	-38.23%	113.84%	-27.28%	-4.13%
Net Income Q/Q Growth	9.89%	-3.01%	-47.03%	74.38%	23.15%	25.63%	-12.99%	-49.81%	123.49%	-4.08%	-40.28%
EPS Q/Q Growth	10.08%	-3.24%	-46.96%	78.46%	24.58%	26.57%	-13.89%	-49.31%	121.82%	-3.29%	-40.40%
Operating Cash Flow Q/Q Growth	3.45%	-0.90%	-5.46%	12.74%	-9.92%	2.39%	-7.39%	-61.60%	45.39%	-2.37%	-6.10%
Free Cash Flow Firm Q/Q Growth	-31.19%	24.89%	-609.67%	613.63%	-27.33%	-36.22%	4.35%	-15.20%	148.26%	-10.41%	-251.58%
Invested Capital Q/Q Growth	4.68%	0.11%	8.46%	-6.74%	1.83%	8.37%	4.27%	4.25%	0.55%	-1.90%	-0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.27%	32.15%	32.11%	29.08%	29.67%	29.36%	29.02%	22.72%	23.94%	25.16%	24.17%
EBITDA Margin	18.98%	16.52%	11.98%	10.84%	11.13%	13.93%	14.85%	7.23%	8.21%	11.71%	6.87%
Operating Margin	14.17%	11.56%	9.77%	6.94%	8.67%	9.77%	10.99%	4.01%	5.27%	7.35%	5.52%
EBIT Margin	15.36%	12.40%	7.46%	6.01%	6.58%	9.43%	11.15%	3.54%	4.74%	8.07%	3.31%
Profit (Net Income) Margin	11.14%	8.35%	3.54%	4.00%	5.03%	6.54%	8.93%	2.03%	2.75%	4.46%	1.22%
Tax Burden Percent	73.98%	69.28%	50.87%	72.09%	82.61%	73.19%	82.07%	63.68%	73.41%	63.51%	51.03%
Interest Burden Percent	98.02%	97.14%	93.41%	92.16%	92.55%	94.71%	97.63%	89.94%	78.96%	86.99%	72.18%
Effective Tax Rate	26.02%	30.72%	49.13%	27.91%	17.39%	26.81%	17.93%	36.32%	26.59%	36.49%	48.97%
Return on Invested Capital (ROIC)	28.22%	18.59%	9.43%	9.39%	13.36%	12.40%	17.87%	4.75%	7.54%	9.22%	5.49%
ROIC Less NNEP Spread (ROIC-NNEP)	1.62%	7.18%	-74.68%	-15.73%	-39.78%	77.41%	18.90%	46.43%	-9.74%	6.38%	-18.49%
Return on Net Nonoperating Assets (RNNOA)	-0.10%	-0.46%	-2.48%	-1.28%	-3.22%	-1.25%	-2.80%	-1.06%	-1.41%	1.07%	-2.76%
Return on Equity (ROE)	28.12%	18.14%	6.95%	8.11%	10.14%	11.15%	15.07%	3.69%	6.13%	10.30%	2.73%
Cash Return on Invested Capital (CROIC)	16.16%	-10.81%	-17.47%	22.11%	14.29%	9.34%	20.31%	-34.19%	12.84%	8.41%	-1.87%
Operating Return on Assets (OROA)	21.88%	15.26%	8.59%	7.48%	8.29%	9.78%	11.91%	3.92%	5.63%	9.47%	3.76%
Return on Assets (ROA)	15.86%	10.27%	4.08%	4.97%	6.34%	6.78%	9.54%	2.25%	3.26%	5.23%	1.38%
Return on Common Equity (ROCE)	28.12%	18.14%	6.95%	8.11%	10.14%	11.15%	15.07%	3.69%	6.13%	10.30%	2.73%
Return on Equity Simple (ROE_SIMPLE)	24.82%	16.64%	6.36%	8.73%	10.09%	10.18%	14.29%	3.64%	6.26%	10.53%	0.00%
Net Operating Profit after Tax (NOPAT)	90	74	49	52	70	65	94	31	57	68	42
NOPAT Margin	10.48%	8.01%	4.97%	5.00%	7.16%	7.15%	9.02%	2.55%	3.87%	4.67%	2.82%
Net Nonoperating Expense Percent (NNEP)	26.60%	11.42%	84.11%	25.12%	53.15%	-65.01%	-1.03%	-41.68%	17.28%	2.84%	23.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.32%	6.43%	7.77%	4.41%
Cost of Revenue to Revenue	67.73%	67.85%	67.89%	70.92%	70.33%	70.64%	70.98%	77.28%	76.07%	74.84%	75.83%
SG&A Expenses to Revenue	11.15%	12.56%	14.05%	13.10%	12.21%	11.50%	10.47%	11.02%	10.59%	10.65%	11.35%
R&D to Revenue	6.96%	7.95%	8.30%	7.62%	7.46%	7.45%	7.19%	7.12%	6.42%	6.09%	6.32%
Operating Expenses to Revenue	18.11%	20.59%	22.34%	22.13%	21.00%	19.59%	18.03%	18.71%	18.66%	17.82%	18.65%
Earnings before Interest and Taxes (EBIT)	132	114	74	63	64	86	117	43	70	118	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	163	152	119	114	108	127	155	87	121	171	103
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.47	2.68	2.10	2.91	2.99	3.64	4.42	3.22	2.66	2.00	1.54
Price to Tangible Book Value (P/TBV)	5.57	3.52	2.91	3.79	3.92	4.52	5.25	4.53	3.62	2.69	1.99
Price to Revenue (P/Rev)	2.00	1.35	1.17	1.33	1.49	2.34	2.76	1.80	1.17	0.85	0.74
Price to Earnings (P/E)	17.99	16.13	33.06	33.29	29.67	35.72	30.90	88.68	42.57	19.04	60.72
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.56%	6.20%	3.02%	3.00%	3.37%	2.80%	3.24%	1.13%	2.35%	5.25%	1.65%
Enterprise Value to Invested Capital (EV/IC)	4.95	2.71	2.03	2.86	2.86	3.89	5.28	2.93	2.46	1.84	1.49
Enterprise Value to Revenue (EV/Rev)	1.95	1.34	1.21	1.43	1.53	2.28	2.63	1.88	1.23	0.93	0.79
Enterprise Value to EBITDA (EV/EBITDA)	10.27	8.12	10.13	13.15	13.72	16.35	17.73	26.06	14.99	7.97	11.52
Enterprise Value to EBIT (EV/EBIT)	12.69	10.81	16.27	23.71	23.22	24.16	23.63	53.17	25.96	11.57	23.90
Enterprise Value to NOPAT (EV/NOPAT)	18.60	16.73	24.42	28.49	21.32	31.86	29.20	73.77	31.78	20.01	28.12
Enterprise Value to Operating Cash Flow (EV/OCF)	15.95	11.35	24.18	12.62	12.49	18.79	19.26	151.82	15.15	12.40	10.16
Enterprise Value to Free Cash Flow (EV/FCFF)	32.48	0.00	0.00	12.10	19.94	42.31	25.68	0.00	18.66	21.95	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.37	0.26	0.29	0.18	0.37	0.09	0.38	0.37	0.42	0.33
Long-Term Debt to Equity	0.24	0.37	0.25	0.28	0.18	0.37	0.09	0.38	0.37	0.42	0.33
Financial Leverage	-0.06	-0.06	0.03	0.08	0.08	-0.02	-0.15	-0.02	0.15	0.17	0.15
Leverage Ratio	1.77	1.77	1.70	1.63	1.60	1.65	1.58	1.64	1.88	1.97	1.98
Compound Leverage Factor	1.74	1.72	1.59	1.50	1.48	1.56	1.54	1.47	1.48	1.71	1.43
Debt to Total Capital	20.28%	27.14%	20.71%	22.58%	15.29%	26.98%	8.22%	27.55%	27.05%	29.43%	24.77%
Short-Term Debt to Total Capital	1.02%	0.33%	0.50%	0.55%	0.44%	0.31%	0.35%	0.26%	0.07%	0.02%	0.01%
Long-Term Debt to Total Capital	19.26%	26.81%	20.21%	22.03%	14.85%	26.67%	7.87%	27.29%	26.98%	29.41%	24.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.72%	72.86%	79.29%	77.42%	84.71%	73.02%	91.78%	72.45%	72.95%	70.57%	75.23%
Debt to EBITDA	0.60	1.13	1.21	1.23	0.81	1.70	0.38	2.94	1.98	1.51	2.30
Net Debt to EBITDA	-0.29	-0.04	0.35	0.88	0.32	-0.41	-0.85	1.17	0.74	0.72	0.74
Long-Term Debt to EBITDA	0.57	1.12	1.19	1.20	0.78	1.68	0.36	2.91	1.98	1.51	2.30
Debt to NOPAT	1.09	2.33	2.93	2.67	1.26	3.32	0.62	8.31	4.20	3.79	5.62
Net Debt to NOPAT	-0.52	-0.08	0.84	1.91	0.49	-0.79	-1.40	3.31	1.57	1.81	1.81
Long-Term Debt to NOPAT	1.03	2.30	2.86	2.60	1.22	3.28	0.59	8.23	4.19	3.78	5.62
Altman Z-Score	6.78	4.31	4.38	5.19	6.15	5.26	8.98	4.43	4.18	3.77	3.21
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.86	2.50	2.69	2.53	2.39	3.12	2.66	2.39	2.12	2.01	1.92
Quick Ratio	1.99	1.79	1.68	1.18	1.34	2.33	1.75	1.40	1.24	1.15	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	-43	-92	124	74	49	107	-222	97	62	-14
Operating Cash Flow to CapEx	189.55%	163.60%	98.39%	285.10%	505.33%	734.10%	346.66%	6.10%	320.51%	167.52%	225.02%
Free Cash Flow to Firm to Interest Expense	19.69	-13.13	-18.74	25.01	15.62	10.78	38.90	-51.59	6.61	4.05	-1.04
Operating Cash Flow to Interest Expense	40.12	33.28	10.21	23.96	24.94	24.28	51.88	3.48	8.15	7.17	8.46
Operating Cash Flow Less CapEx to Interest Expense	18.95	12.94	-0.17	15.56	20.01	20.97	36.91	-53.56	5.60	2.89	4.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.23	1.15	1.24	1.26	1.04	1.07	1.11	1.19	1.17	1.13
Accounts Receivable Turnover	6.10	5.83	5.60	5.96	5.95	4.92	5.30	5.60	5.87	5.69	5.56
Inventory Turnover	7.17	6.58	5.96	6.36	5.92	5.36	5.27	4.93	5.27	5.03	4.73
Fixed Asset Turnover	8.12	6.30	5.34	5.64	5.85	5.83	6.80	6.03	6.00	5.85	5.72
Accounts Payable Turnover	7.81	7.70	7.75	8.14	7.76	6.48	6.22	6.11	5.61	4.92	4.66
Days Sales Outstanding (DSO)	59.81	62.57	65.21	61.25	61.34	74.23	68.85	65.16	62.20	64.13	65.66
Days Inventory Outstanding (DIO)	50.91	55.48	61.25	57.41	61.70	68.16	69.28	74.04	69.27	72.56	77.09
Days Payable Outstanding (DPO)	46.74	47.38	47.09	44.84	47.04	56.33	58.69	59.78	65.01	74.13	78.26
Cash Conversion Cycle (CCC)	63.99	70.67	79.37	73.83	75.99	86.06	79.44	79.43	66.46	62.56	64.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	337	454	594	523	519	535	522	774	734	740	797
Invested Capital Turnover	2.69	2.32	1.90	1.88	1.87	1.73	1.98	1.86	1.95	1.98	1.95
Increase / (Decrease) in Invested Capital	38	116	141	-71	-4.81	16	-13	252	-40	6.00	57
Enterprise Value (EV)	1,670	1,230	1,206	1,495	1,484	2,080	2,755	2,269	1,807	1,360	1,187
Market Capitalization	1,716	1,236	1,165	1,395	1,450	2,132	2,888	2,168	1,717	1,237	1,110
Book Value per Share	$10.61	$12.61	$15.10	$13.75	$14.82	$17.94	$19.68	$20.25	$19.66	$19.91	$23.60
Tangible Book Value per Share	$8.51	$9.62	$10.93	$10.55	$11.32	$14.44	$16.56	$14.42	$14.46	$14.85	$18.30
Total Capital	482	632	699	620	571	803	712	928	884	874	958
Total Debt	98	172	145	140	87	217	59	256	239	257	237
Total Long-Term Debt	93	169	141	136	85	214	56	253	238	257	237
Net Debt	-47	-5.66	41	100	34	-52	-132	102	89	123	76
Capital Expenditures (CapEx)	55	66	51	42	24	15	41	245	37	65	52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	131	116	190	231	167	172	165	247	214	210	212
Debt-free Net Working Capital (DFNWC)	275	293	293	271	220	440	355	401	363	344	373
Net Working Capital (NWC)	270	291	290	268	217	438	353	398	363	344	373
Net Nonoperating Expense (NNE)	-5.64	-3.08	14	11	21	5.61	0.95	6.32	17	3.02	24
Net Nonoperating Obligations (NNO)	-47	-6.88	41	44	34	-52	-132	102	89	123	76
Total Depreciation and Amortization (D&A)	31	38	45	51	44	41	39	44	51	53	53
Debt-free, Cash-free Net Working Capital to Revenue	15.27%	12.60%	19.12%	22.08%	17.16%	18.81%	15.74%	20.49%	14.54%	14.40%	14.14%
Debt-free Net Working Capital to Revenue	32.14%	31.91%	29.50%	25.86%	22.61%	48.20%	33.96%	33.26%	24.73%	23.61%	24.87%
Net Working Capital to Revenue	31.56%	31.68%	29.15%	25.53%	22.35%	47.93%	33.72%	33.06%	24.68%	23.61%	24.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.65	$2.10	$0.96	$1.17	$1.13	$1.83	$2.82	$0.74	$1.23	$2.08	$0.60
Adjusted Weighted Average Basic Shares Outstanding	36.03M	36.45M	36.72M	35.92M	33.12M	32.67M	33.09M	33.13M	32.78M	31.29M	30.59M
Adjusted Diluted Earnings per Share	$2.62	$2.09	$0.96	$1.16	$1.13	$1.81	$2.79	$0.73	$1.22	$2.06	$0.59
Adjusted Weighted Average Diluted Shares Outstanding	36.48M	36.60M	36.81M	36.18M	33.30M	33.03M	33.51M	33.50M	33.07M	31.48M	30.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.33M	36.58M	36.76M	34.99M	32.80M	32.94M	33.02M	33.21M	31.54M	30.79M	30.53M
Normalized Net Operating Profit after Tax (NOPAT)	90	74	49	63	80	70	98	35	75	78	50
Normalized NOPAT Margin	10.48%	8.07%	4.97%	6.02%	8.26%	7.62%	9.32%	2.92%	5.08%	5.35%	3.32%
Pre Tax Income Margin	15.06%	12.05%	6.97%	5.54%	6.09%	8.93%	10.88%	3.19%	3.74%	7.02%	2.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	50.40	34.95	15.18	12.76	13.42	18.89	42.28	9.94	4.75	7.68	3.59
NOPAT to Interest Expense	34.39	22.57	10.11	10.62	14.61	14.32	34.22	7.16	3.88	4.44	3.06
EBIT Less CapEx to Interest Expense	29.24	14.60	4.80	4.35	8.48	15.58	27.32	-47.10	2.21	3.41	-0.16
NOPAT Less CapEx to Interest Expense	13.22	2.23	-0.27	2.21	9.68	11.02	19.26	-49.88	1.34	0.16	-0.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	15.12%	353.41%	129.50%	15.23%	21.41%	0.00%	225.80%	79.43%	54.77%

This table displays calculated financial ratios and metrics derived from Gentherm's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30,526,465.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30,526,465.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.98%	6.88%	-2.09%	0.90%	1.45%	-3.82%	-0.61%	-0.16%	4.13%	8.47%	11.26%
EBITDA Growth	44.30%	174.91%	20.30%	155.90%	-2.86%	50.26%	-47.53%	-56.47%	0.30%	-48.16%	31.76%
EBIT Growth	75.34%	1,889.07%	36.22%	520.75%	-7.66%	75.99%	-73.86%	-79.71%	0.32%	-66.46%	81.72%
NOPAT Growth	15.09%	1,235.87%	20.95%	1,175.90%	60.88%	-69.88%	-107.20%	-79.37%	-35.79%	-48.79%	696.59%
Net Income Growth	61.23%	530.13%	85.67%	1,317.02%	0.76%	-15.29%	-100.87%	-97.47%	-6.36%	-80.50%	3,395.31%
EPS Growth	65.52%	558.33%	95.83%	1,300.00%	6.25%	-12.73%	-100.00%	-96.67%	-3.92%	-83.33%	0.00%
Operating Cash Flow Growth	28.76%	1,871.01%	-141.11%	10.87%	115.89%	-6.80%	-29.28%	21.26%	21.30%	-20.75%	62.21%
Free Cash Flow Firm Growth	112.71%	129.33%	106.82%	99.42%	-92.06%	-94.50%	-299.27%	-5,688.61%	-1,450.78%	-1,377.95%	97.32%
Invested Capital Growth	-1.67%	-5.16%	-0.05%	3.12%	3.33%	0.82%	3.75%	9.27%	6.38%	7.65%	0.89%
Revenue Q/Q Growth	-1.65%	0.20%	-2.98%	5.52%	-1.11%	-5.01%	0.27%	6.00%	3.14%	-1.06%	2.85%
EBITDA Q/Q Growth	117.72%	-9.70%	1.59%	28.11%	-17.35%	39.68%	-64.52%	6.27%	90.45%	-27.81%	-9.83%
EBIT Q/Q Growth	400.10%	-14.18%	-3.77%	50.30%	-25.61%	63.57%	-85.71%	16.63%	267.90%	-45.31%	-22.56%
NOPAT Q/Q Growth	911.85%	101.41%	-56.27%	50.47%	21.40%	-62.29%	-110.45%	531.29%	277.87%	-69.92%	21.69%
Net Income Q/Q Growth	1,121.53%	14.16%	-18.26%	27.67%	-15.42%	-4.03%	-100.84%	472.66%	3,033.96%	-80.02%	41.21%
EPS Q/Q Growth	1,060.00%	14.58%	-14.55%	27.66%	-15.00%	-5.88%	-100.00%	0.00%	2,350.00%	-83.67%	75.00%
Operating Cash Flow Q/Q Growth	-36.04%	83.03%	-126.32%	459.87%	24.55%	-20.98%	-136.50%	437.57%	24.58%	-48.38%	-117.41%
Free Cash Flow Firm Q/Q Growth	114.62%	153.11%	-79.57%	-107.62%	301.37%	75.27%	-840.63%	-121.45%	53.01%	-65.82%	98.45%
Invested Capital Q/Q Growth	-1.09%	0.55%	4.57%	-0.84%	-0.89%	-1.90%	7.61%	4.44%	-3.52%	-0.72%	0.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.54%	26.24%	24.93%	25.74%	25.54%	24.40%	24.44%	23.93%	24.59%	23.72%	24.70%
EBITDA Margin	10.53%	9.49%	9.94%	12.07%	10.09%	14.83%	5.25%	5.26%	9.72%	7.09%	6.21%
Operating Margin	6.48%	8.64%	5.07%	8.78%	8.70%	6.70%	4.82%	6.40%	6.17%	4.64%	2.87%
EBIT Margin	7.13%	6.11%	6.06%	8.63%	6.49%	11.18%	1.59%	1.75%	6.25%	3.46%	2.60%
Profit (Net Income) Margin	4.33%	4.93%	4.15%	5.02%	4.30%	4.34%	-0.04%	0.13%	3.86%	0.78%	1.07%
Tax Burden Percent	69.64%	105.03%	80.67%	66.42%	82.25%	42.43%	-6.14%	18.82%	71.58%	28.91%	55.40%
Interest Burden Percent	87.11%	76.82%	84.96%	87.66%	80.47%	91.52%	36.96%	38.53%	86.31%	78.09%	74.30%
Effective Tax Rate	30.36%	-5.03%	19.33%	33.58%	17.75%	57.57%	106.14%	81.18%	28.42%	71.09%	44.60%
Return on Invested Capital (ROIC)	8.86%	17.68%	7.79%	11.40%	14.18%	5.62%	-0.55%	2.20%	8.33%	2.62%	3.05%
ROIC Less NNEP Spread (ROIC-NNEP)	8.13%	1.76%	8.00%	8.18%	1.19%	10.60%	0.13%	-1.00%	5.94%	0.46%	1.34%
Return on Net Nonoperating Assets (RNNOA)	1.19%	0.26%	1.25%	1.18%	0.15%	1.78%	0.03%	-0.19%	0.77%	0.07%	0.23%
Return on Equity (ROE)	10.06%	17.94%	9.04%	12.57%	14.33%	7.40%	-0.52%	2.01%	9.10%	2.69%	3.29%
Cash Return on Invested Capital (CROIC)	5.30%	12.84%	7.81%	8.00%	9.32%	8.41%	4.21%	-2.45%	-0.53%	-1.87%	4.38%
Operating Return on Assets (OROA)	8.36%	7.26%	7.02%	10.18%	7.56%	13.12%	1.78%	1.96%	6.86%	3.92%	2.89%
Return on Assets (ROA)	5.07%	5.85%	4.81%	5.92%	5.01%	5.09%	-0.04%	0.14%	4.24%	0.88%	1.19%
Return on Common Equity (ROCE)	10.06%	17.94%	9.04%	12.57%	14.33%	7.40%	-0.52%	2.01%	9.10%	2.69%	3.29%
Return on Equity Simple (ROE_SIMPLE)	2.73%	0.00%	7.29%	10.56%	10.25%	0.00%	7.74%	4.52%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	17	33	15	22	27	10	-1.05	4.52	17	5.14	6.25
NOPAT Margin	4.51%	9.08%	4.09%	5.83%	7.16%	2.84%	-0.30%	1.20%	4.41%	1.34%	1.59%
Net Nonoperating Expense Percent (NNEP)	0.73%	15.92%	-0.22%	3.22%	12.99%	-4.98%	-0.68%	3.20%	2.39%	2.16%	1.72%
Return On Investment Capital (ROIC_SIMPLE)	-	3.77%	-	-	-	1.15%	-0.11%	0.47%	1.79%	0.54%	0.64%
Cost of Revenue to Revenue	76.46%	73.76%	75.07%	74.26%	74.46%	75.60%	75.56%	76.07%	75.41%	76.28%	75.30%
SG&A Expenses to Revenue	10.44%	11.42%	11.44%	10.49%	9.92%	10.80%	10.87%	10.95%	11.08%	12.44%	14.05%
R&D to Revenue	6.32%	5.82%	6.39%	5.82%	6.19%	5.97%	6.84%	6.01%	6.31%	6.15%	6.08%
Operating Expenses to Revenue	17.06%	17.60%	19.86%	16.96%	16.83%	17.70%	19.61%	17.53%	18.43%	19.08%	21.83%
Earnings before Interest and Taxes (EBIT)	26	22	22	32	24	39	5.64	6.58	24	13	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	35	35	45	37	52	19	20	38	27	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.71	2.66	2.92	2.44	2.21	2.00	1.27	1.25	1.45	1.54	1.18
Price to Tangible Book Value (P/TBV)	3.63	3.62	3.92	3.28	2.95	2.69	1.69	1.63	1.87	1.99	1.52
Price to Revenue (P/Rev)	1.24	1.17	1.29	1.07	0.99	0.85	0.57	0.60	0.71	0.74	0.55
Price to Earnings (P/E)	99.17	42.57	40.04	23.09	21.54	19.04	16.45	27.60	33.95	60.72	37.47
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.01%	2.35%	2.50%	4.33%	4.64%	5.25%	6.08%	3.62%	2.95%	1.65%	2.67%
Enterprise Value to Invested Capital (EV/IC)	2.55	2.46	2.62	2.21	2.06	1.84	1.22	1.21	1.40	1.49	1.16
Enterprise Value to Revenue (EV/Rev)	1.29	1.23	1.37	1.15	1.06	0.93	0.67	0.69	0.77	0.79	0.61
Enterprise Value to EBITDA (EV/EBITDA)	18.91	14.99	15.88	10.91	10.14	7.97	6.33	7.84	8.77	11.52	8.58
Enterprise Value to EBIT (EV/EBIT)	40.50	25.96	26.67	16.40	15.44	11.57	9.57	13.26	14.82	23.90	17.23
Enterprise Value to NOPAT (EV/NOPAT)	69.97	31.78	33.71	20.26	16.61	20.01	15.78	19.69	25.54	28.12	22.22
Enterprise Value to Operating Cash Flow (EV/OCF)	22.68	15.15	23.96	19.22	13.82	12.40	9.13	8.78	9.04	10.16	7.47
Enterprise Value to Free Cash Flow (EV/FCFF)	47.70	18.66	33.48	28.05	22.45	21.95	29.59	0.00	0.00	0.00	26.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.37	0.38	0.38	0.37	0.42	0.48	0.37	0.33	0.33	0.37
Long-Term Debt to Equity	0.34	0.37	0.38	0.38	0.37	0.42	0.48	0.37	0.33	0.33	0.37
Financial Leverage	0.15	0.15	0.16	0.14	0.12	0.17	0.21	0.19	0.13	0.15	0.17
Leverage Ratio	1.92	1.88	1.90	1.90	1.91	1.97	2.01	1.94	1.94	1.98	2.04
Compound Leverage Factor	1.67	1.44	1.61	1.66	1.54	1.80	0.74	0.75	1.68	1.54	1.51
Debt to Total Capital	25.37%	27.05%	27.52%	27.62%	26.99%	29.43%	32.62%	27.11%	24.96%	24.77%	26.95%
Short-Term Debt to Total Capital	0.07%	0.07%	0.04%	0.03%	0.02%	0.02%	0.01%	0.02%	0.01%	0.01%	0.00%
Long-Term Debt to Total Capital	25.30%	26.98%	27.48%	27.59%	26.97%	29.41%	32.60%	27.10%	24.95%	24.76%	26.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.63%	72.95%	72.48%	72.38%	73.01%	70.57%	67.38%	72.89%	75.04%	75.23%	73.05%
Debt to EBITDA	2.28	1.98	1.94	1.59	1.60	1.51	2.04	2.03	1.86	2.30	2.43
Net Debt to EBITDA	0.71	0.74	0.95	0.78	0.61	0.72	0.97	1.03	0.66	0.74	0.80
Long-Term Debt to EBITDA	2.27	1.98	1.94	1.58	1.59	1.51	2.04	2.03	1.86	2.30	2.43
Debt to NOPAT	8.44	4.20	4.12	2.94	2.61	3.79	5.07	5.10	5.42	5.62	6.28
Net Debt to NOPAT	2.63	1.57	2.02	1.46	1.00	1.81	2.43	2.59	1.92	1.81	2.07
Long-Term Debt to NOPAT	8.42	4.19	4.12	2.94	2.61	3.78	5.07	5.10	5.42	5.62	6.28
Altman Z-Score	4.23	4.06	4.16	3.93	3.64	3.56	2.89	2.93	3.12	3.13	2.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.24	2.12	2.10	2.11	2.02	2.01	2.16	2.01	1.96	1.92	1.97
Quick Ratio	1.34	1.24	1.17	1.19	1.15	1.15	1.27	1.12	1.11	1.09	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	29	73	15	-1.14	2.30	4.03	-30	-66	-31	-51	-0.80
Operating Cash Flow to CapEx	167.07%	364.63%	-91.36%	192.22%	379.41%	161.51%	-119.91%	508.70%	583.05%	129.94%	-89.26%
Free Cash Flow to Firm to Interest Expense	8.59	14.10	4.61	-0.29	0.49	1.20	-8.39	-16.34	-9.37	-17.75	-0.30
Operating Cash Flow to Interest Expense	6.36	7.55	-3.18	9.28	9.82	10.93	-3.75	11.14	16.94	9.99	-1.92
Operating Cash Flow Less CapEx to Interest Expense	2.55	5.48	-6.66	4.45	7.23	4.16	-6.88	8.95	14.03	2.30	-4.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.17	1.19	1.16	1.18	1.17	1.17	1.12	1.12	1.10	1.13	1.11
Accounts Receivable Turnover	5.64	5.87	5.60	5.60	5.50	5.69	5.29	5.20	5.22	5.56	5.20
Inventory Turnover	5.10	5.27	5.03	5.19	4.98	5.03	4.78	4.74	4.56	4.73	4.73
Fixed Asset Turnover	6.22	6.00	6.04	6.03	6.00	5.85	5.88	5.71	5.75	5.72	5.99
Accounts Payable Turnover	5.31	5.61	5.08	5.11	4.67	4.92	4.64	4.60	4.29	4.66	4.48
Days Sales Outstanding (DSO)	64.69	62.20	65.17	65.15	66.37	64.13	68.96	70.25	69.86	65.66	70.14
Days Inventory Outstanding (DIO)	71.63	69.27	72.53	70.27	73.37	72.56	76.29	77.04	79.98	77.09	77.19
Days Payable Outstanding (DPO)	68.77	65.01	71.87	71.49	78.17	74.13	78.61	79.28	85.10	78.26	81.46
Cash Conversion Cycle (CCC)	67.55	66.46	65.82	63.92	61.57	62.56	66.64	68.02	64.74	64.50	65.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	730	734	768	761	754	740	796	832	802	797	803
Invested Capital Turnover	1.96	1.95	1.90	1.95	1.98	1.98	1.86	1.82	1.89	1.95	1.92
Increase / (Decrease) in Invested Capital	-12	-40	-0.41	23	24	6.00	29	71	48	57	7.05
Enterprise Value (EV)	1,860	1,807	2,009	1,682	1,552	1,360	973	1,005	1,124	1,187	935
Market Capitalization	1,790	1,717	1,888	1,561	1,459	1,237	823	873	1,040	1,110	848
Book Value per Share	$20.01	$19.66	$20.51	$20.23	$21.09	$19.91	$21.00	$22.68	$23.52	$23.60	$23.47
Tangible Book Value per Share	$14.94	$14.46	$15.27	$15.05	$15.79	$14.85	$15.84	$17.33	$18.18	$18.30	$18.26
Total Capital	884	884	893	885	905	874	959	960	957	958	981
Total Debt	224	239	246	244	244	257	313	260	239	237	264
Total Long-Term Debt	224	238	245	244	244	257	313	260	239	237	264
Net Debt	70	89	121	121	94	123	150	132	85	76	87
Capital Expenditures (CapEx)	13	11	11	19	12	23	11	8.86	9.63	22	5.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	235	214	243	240	221	210	248	254	231	212	230
Debt-free Net Working Capital (DFNWC)	389	363	368	364	372	344	411	382	386	373	408
Net Working Capital (NWC)	388	363	367	364	372	344	411	382	386	373	408
Net Nonoperating Expense (NNE)	0.69	15	-0.22	3.03	11	-5.29	-0.92	4.04	2.13	2.15	2.03
Net Nonoperating Obligations (NNO)	70	89	121	121	94	123	150	132	85	76	87
Total Depreciation and Amortization (D&A)	12	12	14	13	13	13	13	13	13	14	14
Debt-free, Cash-free Net Working Capital to Revenue	16.23%	14.54%	16.60%	16.41%	15.04%	14.40%	17.04%	17.46%	15.76%	14.14%	14.98%
Debt-free Net Working Capital to Revenue	26.91%	24.73%	25.16%	24.84%	25.28%	23.61%	28.26%	26.29%	26.26%	24.87%	26.51%
Net Working Capital to Revenue	26.86%	24.68%	25.13%	24.82%	25.27%	23.61%	28.25%	26.28%	26.25%	24.87%	26.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.48	$0.56	$0.47	$0.60	$0.51	$0.50	$0.00	$0.02	$0.49	$0.09	$0.14
Adjusted Weighted Average Basic Shares Outstanding	32.94M	32.78M	31.54M	31.53M	31.19M	31.29M	30.78M	30.60M	30.48M	30.59M	30.52M
Adjusted Diluted Earnings per Share	$0.48	$0.55	$0.47	$0.60	$0.51	$0.48	$0.00	$0.02	$0.49	$0.08	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	33.20M	33.07M	31.69M	31.71M	31.37M	31.48M	30.78M	30.65M	30.75M	30.93M	30.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.80M	31.54M	31.64M	31.33M	30.98M	30.79M	30.86M	30.52M	30.53M	30.53M	30.67M
Normalized Net Operating Profit after Tax (NOPAT)	17	23	20	24	29	17	17	18	20	14	9.96
Normalized NOPAT Margin	4.72%	6.30%	5.73%	6.26%	7.75%	4.84%	4.70%	4.87%	5.15%	3.59%	2.53%
Pre Tax Income Margin	6.21%	4.69%	5.15%	7.56%	5.22%	10.23%	0.59%	0.68%	5.40%	2.70%	1.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.76	4.31	6.65	8.10	5.12	11.80	1.59	1.63	7.30	4.56	3.89
NOPAT to Interest Expense	4.91	6.41	4.49	5.47	5.65	3.00	-0.29	1.12	5.15	1.77	2.37
EBIT Less CapEx to Interest Expense	3.95	2.24	3.17	3.27	2.53	5.03	-1.54	-0.56	4.40	-3.12	1.75
NOPAT Less CapEx to Interest Expense	1.10	4.34	1.01	0.65	3.06	-3.77	-3.43	-1.07	2.25	-5.92	0.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	172.26%	225.80%	171.94%	137.30%	150.01%	79.43%	0.00%	126.12%	65.39%	54.77%	44.25%

Financials Breakdown Chart

Key Financial Trends

Here are key trends for Gentherm Inc (THRM) based on quarterly statements across the last four fiscal years, with a focus on recent quarters (Q1–Q4 2025) and comparable data from 2024–2022 where relevant. The aim is to highlight where the business is expanding, where profitability is under pressure, and where balance sheet and cash flow metrics have shifted.

Revenue continued to recover in late 2024–2025, with Q4 2025 operating revenue of $382.79 million, up from Q4 2024’s $352.91 million (roughly +8.5%).
Operating cash flow remained positive and, in several 2025 quarters, was robust relative to capex, contributing to meaningful free cash flow. For example, Q3 2025 cash from continuing operating activities was $56.12 million, while capex was $9.65 million, implying about $46.5 million of free cash flow in that quarter.
The balance sheet shows higher equity and a larger asset base in 2025 vs prior years. Total assets reached about $1.381 billion in Q3 2025, up from roughly $1.264 billion at the end of 2024, and total common equity rose to about $717.95 million in Q3 2025 from $640.30 million in 2024.
Debt leverage improved in 2025 as long-term debt declined to about $189.0 million in Q3 2025 (vs. $209.0 million in Q2 2025), signaling lower leverage on the balance sheet while equity has strengthened.

Profitability shows some mixed signals: gross margin trended slightly lower over the period, from roughly the mid-24% range in 2024 to about 23.8% in Q4 2025, suggesting a modest cost/mix headwind despite higher revenue.
Operating cash flow, while positive, has shown variability quarter to quarter and year over year. For example, CFO decreased from $36.56 million in Q4 2024 to $28.97 million in Q4 2025, reflecting near-term working capital dynamics and cost structure changes.

Net income attributable to common shareholders declined year over year, with Q4 2025 reporting $2.99 million versus $15.32 million in Q4 2024, highlighting a meaningful drop in quarterly profitability despite revenue gains.
Quarterly earnings per share swung, including a negative or low EPS in some recent quarters. For instance, Q1 2025 showed a small loss (basic EPS around zero, with diluted EPS near zero), and Q4 2025 EPS dropped to $0.09 (basic) / $0.08 (diluted) from higher levels in earlier 2025 quarters.
Working capital moved higher, with inventories and accounts payable rising in 2025 (inventories in Q3 2025 at about $253.25 million and accounts payable around $263.60 million in the same period), which can compress margins if not matched by revenue growth or productivity improvements.
Total operating margin and profitability have faced upward cost pressure from operating expenses. In Q4 2025, selling, general & administrative expense was $47.61 million and R&D expense was $23.56 million, contributing to total operating expenses of about $73.03 million and an operating income of $17.77 million on revenue of $382.79 million.

05/22/26 06:27 AM ETAI Generated. May Contain Errors.

Gentherm Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Gentherm's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Gentherm's net income appears to be on a downward trend, with a most recent value of $18.29 million in 2025, falling from $95.39 million in 2015. The previous period was $64.95 million in 2024. Find out what analysts predict for Gentherm in the coming months.

Gentherm's total operating income in 2025 was $82.70 million, based on the following breakdown:

Total Gross Profit: $362.18 million
Total Operating Expenses: $279.48 million

Over the last 10 years, Gentherm's total revenue changed from $856.45 million in 2015 to $1.50 billion in 2025, a change of 75.0%.

Gentherm's total liabilities were at $676.11 million at the end of 2025, a 7.2% increase from 2024, and a 156.1% increase since 2015.

In the past 10 years, Gentherm's cash and equivalents has ranged from $39.62 million in 2018 to $268.35 million in 2020, and is currently $160.83 million as of their latest financial filing in 2025.

Over the last 10 years, Gentherm's book value per share changed from 10.61 in 2015 to 23.60 in 2025, a change of 122.4%.

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Financial statements for NASDAQ:THRM last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Gentherm (THRM) Financials

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Gentherm Financials - Frequently Asked Questions

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Gentherm (THRM) Financials

Annual Income Statements for Gentherm

Quarterly Income Statements for Gentherm

Annual Cash Flow Statements for Gentherm

Quarterly Cash Flow Statements for Gentherm

Annual Balance Sheets for Gentherm

Quarterly Balance Sheets for Gentherm

Annual Metrics And Ratios for Gentherm

Quarterly Metrics And Ratios for Gentherm

Financials Breakdown Chart

Key Financial Trends

Gentherm Financials - Frequently Asked Questions

When does Gentherm's fiscal year end?

How has Gentherm's net income changed over the last 10 years?

What is Gentherm's operating income?

How has Gentherm's revenue changed over the last 10 years?

How much debt does Gentherm have?

How much cash does Gentherm have?

How has Gentherm's book value per share changed over the last 10 years?

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