Gentherm Inc (THRM) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
28875 CABOT DRIVE NOVI, MI 48377 |
| State of Incorp. | MI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 134,134 | 149,673 | 153,891 | 190,606 | 268,345 | 50,443 | |||
| Cash and cash equivalent | 134,134 | 149,673 | 153,891 | 190,606 | 268,345 | 50,443 | |||
| Restricted cash and investments | 2,505 | ||||||||
| Receivables | 258,112 | 253,579 | 247,131 | 182,987 | 211,672 | 159,710 | |||
| Inventory, net of allowances, customer advances and progress billings | 227,356 | 205,892 | 218,248 | 159,477 | 122,401 | 118,479 | |||
| Inventory | 227,356 | 205,892 | 218,248 | 159,477 | 122,401 | 118,479 | |||
| Other current assets | 64,413 | 78,420 | 64,597 | 32,775 | 41,188 | 42,726 | |||
| Total current assets: | 684,015 | 687,564 | 683,867 | 565,845 | 643,606 | 373,863 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 43,954 | 27,358 | 29,945 | 24,387 | 30,642 | 11,587 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 252,970 | 245,234 | 244,480 | 155,270 | 152,581 | 160,605 | |||
| Intangible asset, including goodwill, after accumulated amortization | 156,854 | 170,555 | 193,707 | 103,587 | 114,445 | 114,355 | |||
| Goodwill | 99,603 | 104,073 | 119,774 | 66,033 | 68,024 | 64,572 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 57,251 | 66,482 | 73,933 | 37,554 | 46,421 | 49,783 | |||
| Deferred income tax assets | 75,041 | 81,930 | 69,840 | 69,630 | 73,912 | ||||
| Other noncurrent assets | 34,722 | 21,730 | 17,461 | 16,624 | 7,653 | 9,326 | |||
| Other undisclosed noncurrent assets | 57,650 | ||||||||
| Total noncurrent assets: | 563,541 | 546,807 | 555,433 | 369,498 | 379,233 | 353,523 | |||
| TOTAL ASSETS: | 1,247,556 | 1,234,371 | 1,239,300 | 935,343 | 1,022,839 | 727,386 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 226,815 | 215,827 | 182,225 | 122,727 | 116,043 | 83,035 | |||
| Accounts payable | 226,815 | 215,827 | 182,225 | 122,727 | 116,043 | 83,035 | |||
| Debt | 137 | 621 | 2,443 | 2,500 | 2,500 | 2,500 | |||
| Other liabilities | 105,824 | 100,805 | 93,814 | 82,193 | 81,409 | 66,583 | |||
| Other undisclosed current liabilities | 7,517 | 7,700 | 7,143 | 5,669 | 6,032 | 4,586 | |||
| Total current liabilities: | 340,293 | 324,953 | 285,625 | 213,089 | 205,984 | 156,704 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 220,064 | 222,217 | 232,653 | 36,250 | 189,934 | 78,124 | |||
| Long-term debt, excluding current maturities | 220,064 | 222,217 | 232,653 | 36,250 | 189,934 | 78,124 | |||
| Other undisclosed long-term debt and lease obligation | (19,789) | (24,233) | (6,751) | ||||||
| Liabilities, other than long-term debt | 41,069 | 19,384 | 24,176 | 6,832 | 8,163 | 8,057 | |||
| Liability, pension and other postretirement and postemployment benefits | 4,017 | 3,209 | 3,638 | 6,832 | 8,163 | 8,057 | |||
| Operating lease, liability | 37,052 | 16,175 | 20,538 | 19,789 | 24,233 | 6,751 | |||
| Other undisclosed noncurrent liabilities | 29,183 | 23,095 | 24,573 | 25,366 | 32,427 | 11,851 | |||
| Total noncurrent liabilities: | 290,316 | 264,696 | 281,402 | 68,448 | 230,524 | 98,032 | |||
| Total liabilities: | 630,609 | 589,649 | 567,027 | 281,537 | 436,508 | 254,736 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 616,947 | 644,722 | 672,273 | 653,806 | 586,331 | 472,650 | |||
| Common stock | 2,049 | 50,503 | 122,658 | 118,646 | 121,073 | 102,507 | |||
| Accumulated other comprehensive loss | (85,193) | (30,160) | (46,489) | (36,922) | (14,982) | (42,441) | |||
| Retained earnings | 695,801 | 624,379 | 590,657 | 566,216 | 472,782 | 401,732 | |||
| Other undisclosed equity, attributable to parent | 4,290 | 5,447 | 5,866 | 7,458 | 10,852 | ||||
| Total equity: | 616,947 | 644,722 | 672,273 | 653,806 | 586,331 | 472,650 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,247,556 | 1,234,371 | 1,239,300 | 935,343 | 1,022,839 | 727,386 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,456,124 | 1,469,076 | 1,204,656 | 1,046,150 | 913,098 | 971,684 | ||
| Cost of revenue (Cost of Product and Service Sold) | (1,089,693) | (1,117,452) | (931,006) | (742,519) | (644,994) | (683,349) | ||
| Gross profit: | 366,431 | 351,624 | 273,650 | 303,631 | 268,104 | 288,335 | ||
| Operating expenses | (259,416) | (274,185) | (225,343) | (188,625) | (178,887) | (204,075) | ||
| Operating income: | 107,015 | 77,439 | 48,307 | 115,006 | 89,217 | 84,260 | ||
| Nonoperating income (expense) | 10,550 | (7,844) | (5,631) | 1,604 | (3,102) | 2,447 | ||
| Gain (loss), foreign currency transaction, before tax | 9,599 | (5,918) | (6,778) | 1,487 | (5,439) | 2,326 | ||
| Other nonoperating income (expense) | 951 | (1,926) | 1,147 | 117 | 2,337 | 121 | ||
| Interest and debt expense | (14) | (144) | (144) | |||||
| Income from continuing operations before equity method investments, income taxes: | 117,551 | 69,451 | 42,532 | 116,610 | 86,115 | 86,707 | ||
| Other undisclosed loss from continuing operations before income taxes | (15,286) | (14,497) | (4,150) | (2,758) | (4,559) | (27,556) | ||
| Income from continuing operations before income taxes: | 102,265 | 54,954 | 38,382 | 113,852 | 81,556 | 59,151 | ||
| Income tax expense | (37,318) | (14,611) | (13,941) | (20,418) | (21,866) | (21,645) | ||
| Income from continuing operations: | 64,947 | 40,343 | 24,441 | 93,434 | 59,690 | 37,506 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 93,434 | 59,690 | 37,506 | |
| Net income available to common stockholders, diluted: | 64,947 | 40,343 | 24,441 | 93,434 | 59,690 | 37,506 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 64,947 | 40,343 | 24,441 | 93,434 | 59,690 | 37,506 | ||
| Other comprehensive income (loss) | (55,033) | 16,329 | (9,567) | (21,940) | 27,373 | (2,941) | ||
| Comprehensive income, net of tax, attributable to parent: | 9,914 | 56,672 | 14,874 | 71,494 | 87,063 | 34,565 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.