Gentex Corporation (GNTX) - Net Assets
Based on the latest financial reports, Gentex Corporation (GNTX) has net assets worth $2.49 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.93 Billion) and total liabilities ($437.66 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Gentex Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.49 Billion |
| % of Total Assets | 85.06% |
| Annual Growth Rate | 17.31% |
| 5-Year Change | 28.53% |
| 10-Year Change | 30.39% |
| Growth Volatility | 33.04 |
Gentex Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Gentex Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Gentex Corporation balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Gentex Corporation (1985–2025)
The table below shows the annual net assets of Gentex Corporation from 1985 to 2025. For live valuation and market cap data, see Gentex Corporation market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.49 Billion | +0.76% |
| 2024-12-31 | $2.47 Billion | +6.90% |
| 2023-12-31 | $2.31 Billion | +11.94% |
| 2022-12-31 | $2.07 Billion | +6.59% |
| 2021-12-31 | $1.94 Billion | -1.32% |
| 2020-12-31 | $1.96 Billion | +1.33% |
| 2019-12-31 | $1.94 Billion | +4.95% |
| 2018-12-31 | $1.85 Billion | -9.15% |
| 2017-12-31 | $2.03 Billion | +6.40% |
| 2016-12-31 | $1.91 Billion | +10.91% |
| 2015-12-31 | $1.72 Billion | +9.82% |
| 2014-12-31 | $1.57 Billion | +18.15% |
| 2013-12-31 | $1.33 Billion | +18.43% |
| 2012-12-31 | $1.12 Billion | +9.14% |
| 2011-12-31 | $1.03 Billion | +14.95% |
| 2010-12-31 | $893.53 Million | +21.42% |
| 2009-12-31 | $735.93 Million | +5.34% |
| 2008-12-31 | $698.60 Million | -13.41% |
| 2007-12-31 | $806.81 Million | +14.82% |
| 2006-12-31 | $702.69 Million | -16.50% |
| 2005-12-31 | $841.60 Million | +7.45% |
| 2004-12-31 | $783.28 Million | +12.92% |
| 2003-12-31 | $693.64 Million | +20.92% |
| 2002-12-31 | $573.64 Million | +19.76% |
| 2001-12-31 | $479.00 Million | +19.12% |
| 2000-12-31 | $402.10 Million | +26.81% |
| 1999-12-31 | $317.10 Million | +33.80% |
| 1998-12-31 | $237.00 Million | +36.84% |
| 1997-12-31 | $173.20 Million | +35.52% |
| 1996-12-31 | $127.80 Million | +34.95% |
| 1995-12-31 | $94.70 Million | +32.63% |
| 1994-12-31 | $71.40 Million | +44.24% |
| 1993-12-31 | $49.50 Million | +39.83% |
| 1992-12-31 | $35.40 Million | +25.53% |
| 1991-12-31 | $28.20 Million | +8.88% |
| 1990-12-31 | $25.90 Million | +7.02% |
| 1989-12-31 | $24.20 Million | +206.33% |
| 1988-12-31 | $7.90 Million | +11.27% |
| 1987-12-31 | $7.10 Million | +22.41% |
| 1986-12-31 | $5.80 Million | +38.10% |
| 1985-12-31 | $4.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gentex Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 146614600200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.47 Billion | 58.93% |
| Other Components | $1.02 Billion | 41.07% |
| Total Equity | $2.49 Billion | 100.00% |
Gentex Corporation Competitors by Market Cap
The table below lists competitors of Gentex Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinolink Securities Co Ltd
SHG:600109
|
$4.86 Billion |
|
Red Avenue New Materials Group Co Ltd
SHG:603650
|
$4.86 Billion |
|
Dairy Farm International Holdings Limited
F:DFA1
|
$4.87 Billion |
|
DELEK GP SP.ADR/1/01/O.N
F:6D40
|
$4.87 Billion |
|
Nanjing Iron & Steel Co Ltd
SHG:600282
|
$4.86 Billion |
|
KEPCO Engineering & Construction
KO:052690
|
$4.86 Billion |
|
CSW Industrials, Inc.
NASDAQ:CSW
|
$4.86 Billion |
|
Faw Car Co Ltd
SHE:000800
|
$4.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gentex Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,467,950,655 to 2,487,829,724, a change of 19,879,069 (0.8%).
- Net income of 384,841,367 contributed positively to equity growth.
- Dividend payments of 106,860,563 reduced retained earnings.
- Share repurchases of 315,499,459 reduced equity.
- Other comprehensive income increased equity by 6,409,340.
- Other factors increased equity by 50,988,384.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $384.84 Million | +15.47% |
| Dividends Paid | $106.86 Million | -4.3% |
| Share Repurchases | $315.50 Million | -12.68% |
| Other Comprehensive Income | $6.41 Million | +0.26% |
| Other Changes | $50.99 Million | +2.05% |
| Total Change | $- | 0.81% |
Book Value vs Market Value Analysis
This analysis compares Gentex Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 965.81x to 2.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.02 | $22.75 | x |
| 1986-12-31 | $0.04 | $22.75 | x |
| 1987-12-31 | $0.04 | $22.75 | x |
| 1988-12-31 | $0.06 | $22.75 | x |
| 1989-12-31 | $0.12 | $22.75 | x |
| 1990-12-31 | $0.12 | $22.75 | x |
| 1991-12-31 | $0.11 | $22.75 | x |
| 1992-12-31 | $0.14 | $22.75 | x |
| 1993-12-31 | $0.19 | $22.75 | x |
| 1994-12-31 | $0.26 | $22.75 | x |
| 1995-12-31 | $0.35 | $22.75 | x |
| 1996-12-31 | $0.45 | $22.75 | x |
| 1997-12-31 | $0.60 | $22.75 | x |
| 1998-12-31 | $0.80 | $22.75 | x |
| 1999-12-31 | $1.05 | $22.75 | x |
| 2000-12-31 | $1.33 | $22.75 | x |
| 2001-12-31 | $1.58 | $22.75 | x |
| 2002-12-31 | $1.87 | $22.75 | x |
| 2003-12-31 | $2.23 | $22.75 | x |
| 2004-12-31 | $2.50 | $22.75 | x |
| 2005-12-31 | $2.69 | $22.75 | x |
| 2006-12-31 | $2.36 | $22.75 | x |
| 2007-12-31 | $2.80 | $22.75 | x |
| 2008-12-31 | $2.48 | $22.75 | x |
| 2009-12-31 | $2.67 | $22.75 | x |
| 2010-12-31 | $3.17 | $22.75 | x |
| 2011-12-31 | $3.56 | $22.75 | x |
| 2012-12-31 | $3.89 | $22.75 | x |
| 2013-12-31 | $4.60 | $22.75 | x |
| 2014-12-31 | $5.33 | $22.75 | x |
| 2015-12-31 | $5.81 | $22.75 | x |
| 2016-12-31 | $6.56 | $22.75 | x |
| 2017-12-31 | $7.05 | $22.75 | x |
| 2018-12-31 | $6.84 | $22.75 | x |
| 2019-12-31 | $7.65 | $22.75 | x |
| 2020-12-31 | $8.06 | $22.75 | x |
| 2021-12-31 | $8.19 | $22.75 | x |
| 2022-12-31 | $8.93 | $22.75 | x |
| 2023-12-31 | $10.07 | $22.75 | x |
| 2024-12-31 | $10.92 | $22.75 | x |
| 2025-12-31 | $11.33 | $22.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gentex Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.19%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.18x
- Recent ROE (15.47%) is below the historical average (15.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 7.14% | 3.66% | 1.64x | 1.19x | $-120.00K |
| 1986 | 17.24% | 7.81% | 1.78x | 1.24x | $420.00K |
| 1987 | 16.90% | 8.70% | 1.55x | 1.25x | $490.00K |
| 1988 | 8.86% | 4.76% | 1.37x | 1.35x | $-90.00K |
| 1989 | 8.68% | 8.82% | 0.73x | 1.34x | $-320.00K |
| 1990 | 4.25% | 5.19% | 0.63x | 1.31x | $-1.49 Million |
| 1991 | 6.74% | 7.06% | 0.72x | 1.32x | $-920.00K |
| 1992 | 14.41% | 11.31% | 1.12x | 1.14x | $1.56 Million |
| 1993 | 19.80% | 15.38% | 1.15x | 1.12x | $4.85 Million |
| 1994 | 23.11% | 18.37% | 1.12x | 1.13x | $9.36 Million |
| 1995 | 19.96% | 16.94% | 1.02x | 1.15x | $9.43 Million |
| 1996 | 18.78% | 16.14% | 1.06x | 1.10x | $11.22 Million |
| 1997 | 20.32% | 18.89% | 0.98x | 1.10x | $17.88 Million |
| 1998 | 21.22% | 22.63% | 0.87x | 1.08x | $26.60 Million |
| 1999 | 20.47% | 24.75% | 0.78x | 1.06x | $33.19 Million |
| 2000 | 17.54% | 23.72% | 0.69x | 1.06x | $30.33 Million |
| 2001 | 13.62% | 21.02% | 0.61x | 1.06x | $17.32 Million |
| 2002 | 14.95% | 21.70% | 0.65x | 1.06x | $28.41 Million |
| 2003 | 15.39% | 22.76% | 0.62x | 1.10x | $37.40 Million |
| 2004 | 14.38% | 22.28% | 0.59x | 1.09x | $34.33 Million |
| 2005 | 13.01% | 20.42% | 0.58x | 1.10x | $25.37 Million |
| 2006 | 15.48% | 19.01% | 0.73x | 1.12x | $38.49 Million |
| 2007 | 15.14% | 18.68% | 0.73x | 1.11x | $41.45 Million |
| 2008 | 8.89% | 9.95% | 0.82x | 1.09x | $-7.77 Million |
| 2009 | 8.78% | 11.87% | 0.66x | 1.12x | $-8.96 Million |
| 2010 | 15.41% | 16.87% | 0.81x | 1.12x | $48.38 Million |
| 2011 | 16.03% | 16.08% | 0.87x | 1.14x | $61.96 Million |
| 2012 | 15.04% | 15.33% | 0.87x | 1.13x | $56.49 Million |
| 2013 | 16.79% | 19.02% | 0.66x | 1.33x | $90.17 Million |
| 2014 | 18.40% | 20.98% | 0.68x | 1.29x | $131.75 Million |
| 2015 | 18.49% | 20.63% | 0.72x | 1.25x | $146.22 Million |
| 2016 | 18.19% | 20.70% | 0.73x | 1.21x | $156.55 Million |
| 2017 | 20.01% | 22.66% | 0.76x | 1.16x | $203.52 Million |
| 2018 | 23.71% | 23.88% | 0.88x | 1.13x | $253.21 Million |
| 2019 | 21.91% | 22.85% | 0.85x | 1.13x | $230.88 Million |
| 2020 | 17.70% | 20.59% | 0.76x | 1.13x | $151.17 Million |
| 2021 | 18.62% | 20.84% | 0.81x | 1.10x | $167.00 Million |
| 2022 | 15.43% | 16.61% | 0.80x | 1.16x | $112.18 Million |
| 2023 | 18.53% | 18.63% | 0.86x | 1.16x | $197.15 Million |
| 2024 | 16.39% | 17.49% | 0.84x | 1.12x | $157.69 Million |
| 2025 | 15.47% | 15.19% | 0.87x | 1.18x | $136.06 Million |
Industry Comparison
This section compares Gentex Corporation's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,625,673,200
- Average return on equity (ROE) among peers: 40.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gentex Corporation (GNTX) | $2.49 Billion | 7.14% | 0.18x | $4.86 Billion |
| Advance Auto Parts Inc (AAP) | $2.60 Billion | 17.87% | 3.61x | $3.53 Billion |
| Adient PLC (ADNT) | $2.16 Billion | -13.02% | 3.15x | $1.57 Billion |
| Allison Transmission Holdings Inc (ALSN) | $874.00 Million | 60.76% | 4.34x | $10.60 Billion |
| Autoliv Inc (ALV) | $2.44 Billion | 10.99% | 1.00x | $8.18 Billion |
| Aptiv PLC (APTV) | $2.73 Billion | 53.06% | 3.38x | $12.87 Billion |
| Atmus Filtration Technologies Inc. (ATMU) | $80.70 Million | 212.27% | 12.49x | $4.30 Billion |
| American Axle & Manufacturing (AXL) | $372.00 Million | 34.73% | 4.11x | $1.36 Billion |
| AutoZone Inc (AZO) | $866.21 Million | 20.26% | 2.96x | $59.55 Billion |
| BorgWarner Inc (BWA) | $3.83 Billion | 11.50% | 1.56x | $11.38 Billion |
| China Automotive Systems Inc (CAAS) | $304.83 Million | 0.78% | 1.27x | $129.73 Million |
About Gentex Corporation
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, fire protection technologies, audio products, medical devices, and consumer electronics. It operates through Automotive Products, Audio Products, and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearvie… Read more