Below are the financial statements of Gentex, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 2,313.31a | 2,299.22a | 1,918.96a |
| Cost of goods sold | -1,542.22a | -1,536.59a | -1,309.14a |
| Gross profit | 771.09a | 762.63a | 609.81a |
| Operating expenses | — | — | — |
| Engineering, research and development | -181.48a | -154.36a | -133.31a |
| Selling, general and administrative | -121.02a | -112.54a | -106.5a |
| Impairment charges | -8.86a | 0a | 0a |
| Total operating expenses | -311.36a | -266.9a | -239.81a |
| Income from operations | 459.73a | 495.73a | 370.01a |
| Other income | — | — | — |
| Investment income, net | 13.4a | 13.5a | 4.8a |
| Other loss, net | -0.92a | -4.25a | -5.08a |
| Total other income (loss) | 12.49a | 9.25a | -0.28a |
| Income before provision for income taxes | 472.21a | 504.98a | 369.72a |
| Provision for income taxes | -67.73a | -76.58a | -50.97a |
| Net income | 404.49a | 428.4a | 318.76a |
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