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Gentherm Incorporated

Gentherm Incorporated

NASDAQ•THRM
CEO: Mr. Vishnu Sundaram
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 1993-06-10
Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins. It also provides battery performance solutions comprising cell connecting devices and battery cable technologies used for various types of automotive batteries; thermal management products for heating and cooling; and automotive electronic and software systems, including electronic control units for climate comfort systems, as well as for memory seat modules and other devices. In addition, it offers lumbar and massage comfort solutions, such as lumbar support, side bolster adjustment, multi-contour seats, and massage systems; automotive cable systems, including ready-made individual cables, and ready-to-install cable networks; and valve systems products consisting of applications that offer solutions in fuel management, and other valves for brake and engine systems. This segment serves light vehicle original equipment manufacturers and tier 1s, such as automotive seat manufacturers, and aftermarket seat distributors and installers. The Medical segment offers patient temperature management systems. The company was formerly known as Amerigon Incorporated and changed its name to Gentherm Incorporated in September 2012. Gentherm Incorporated was incorporated in 1991 and is headquartered in Northville, Michigan.
Contact Information
21680 Haggerty Road, Northville, MI, 48167, United States
248-504-0500
gentherm.com
Market Cap
$1.10B
P/E (TTM)
36.0
29.1
Dividend Yield
--
52W High
$45.86
52W Low
$22.75
52W Range
58%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$382.88M+3.06%
4-Quarter Trend

EPS

$0.49-3.92%
4-Quarter Trend

FCF

$46.47M+76.75%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Modest Nine months product revenues reached $1.116B, showing 1.1% increase, driven by Automotive segment growth.
Net Income Declined Sharply Nine months net income was $15.3M, a significant decrease of $34.3M compared to prior year period.
Restructuring Costs Recognized Recognized $10.608M in restructuring expenses for nine months related to global manufacturing footprint optimization plans.
Strong Cash Position Maintained Cash and equivalents totaled $154.3M at period end, reflecting positive net cash from operating activities of $87.8M.

Risk Factors

Gross Margin Compression Evident Nine months gross margin percentage fell to 24.3% from 25.4% due to higher input costs and FX impacts.
Foreign Currency Losses Increased Nine months foreign currency loss widened to $27.391M, primarily due to unrealized loss on intercompany receivable.
Global Trade Uncertainty Persists Ongoing uncertainty regarding tariffs and geopolitical conflicts may adversely affect financial results and production volumes.
Equity Investment Fair Value Recorded $1.3M decrease in fair value of an equity investment during nine months, impacting other income.

Outlook

Footprint Optimization Underway Multiple restructuring plans initiated in 2025 are expected to be substantially completed by the end of 2026.
New Business Pipeline Strong Secured $745M in automotive new business awards during Q3 2025, indicating future revenue potential.
Liquidity Forecast Adequate Management believes current cash, credit availability, and operations cash flow meet needs for next twelve months.
Stock Repurchase Authorization $110.1M remains authorized for share repurchases under the 2024 Stock Repurchase Program expiring June 2027.

Peer Comparison

Revenue (TTM)

Green Brick Partners, Inc.GRBK
$2.11B
+6.6%
LGI Homes, Inc.LGIH
$1.79B
-20.6%
Standard Motor Products, Inc.SMP
$1.75B
+24.0%

Gross Margin (Latest Quarter)

XPEL, Inc.XPEL
41.8%
-0.7 pp
Standard Motor Products, Inc.SMP
32.4%
+2.0 pp
Green Brick Partners, Inc.GRBK
31.1%
-1.6 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GRBK$2.73B8.119.8%0.6%
BH$1.11B28.36.9%14.5%
THRM$1.10B36.04.6%4.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+2.8%
Moderate Growth
4Q Net Income CAGR
-0.8%
Stable Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 23, 2025|
    Revenue: $382.88M+3.1%
    |
    EPS: $0.49-3.9%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 24, 2025|
    Revenue: $375.09M-0.2%
    |
    EPS: $0.02-97.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 24, 2025|
    Revenue: $353.85M-0.6%
    |
    EPS: $-0.00-100.9%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 19, 2025|
    Revenue: $1.46B-0.9%
    |
    EPS: $2.08+69.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $371.51M+1.5%
    |
    EPS: $0.51+6.3%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $375.68M+0.9%
    |
    EPS: $0.60-1376.6%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 30, 2024|
    Revenue: $356.02M-2.1%
    |
    EPS: $0.47+95.8%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $1.47B+21.9%
    |
    EPS: $1.23+66.2%
    Beat