Gentherm Incorporated (THRM) Income Statement
THRM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTHRM revenue and net income
Where THRM's revenue goes
2025Each bar shows an amount and its share of revenue. THRM kept 1.2% of revenue as net income.
THRM profit margins
THRM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.6% | +7.5% | +10.4% | +5.7% |
| Gross profit | −4.0% | +8.7% | +5.6% | +2.4% |
| Operating income | −27.1% | +17.3% | −2.6% | −4.3% |
| Net income | −71.8% | −9.2% | −21.1% | −15.2% |
| EPS (diluted) | −2.6% | +7.4% | −0.1% | −1.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
THRM quarterly EPS vs estimates
Gentherm beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.67).
THRM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.49B | $1.46B | $1.47B | $1.20B | $1.05B | $913.1M | $971.7M | $1.04B | $985.7M | $917.6M |
| Cost of revenue | $1.14B | $1.09B | $1.12B | $931.0M | $742.5M | $645.0M | $683.3M | $743.6M | $674.6M | $622.6M |
| Gross profit | $351.7M | $366.4M | $351.6M | $273.6M | $303.6M | $268.1M | $288.3M | $294.6M | $311.1M | $295.0M |
| Research & development | $107.1M | $117.8M | $125.7M | $85.7M | $75.2M | $68.0M | $91.0M | $98.7M | $94.5M | $79.6M |
| Sales, general & admin | $170.0M | $155.1M | $150.3M | $132.7M | $109.6M | $105.0M | $118.7M | $127.2M | $130.5M | $115.3M |
| Total operating expenses | $273.6M | $259.4M | $274.2M | $225.3M | $188.6M | $178.9M | $204.1M | $232.1M | $222.1M | $192.9M |
| Operating income | $78.1M | $107.0M | $77.4M | $48.3M | $115.0M | $89.2M | $84.3M | $72.8M | $97.1M | $106.1M |
| Interest income | — | — | — | — | — | — | $2.4M | $4.3M | $28.0M | $4.6M |
| Interest expense | $13.8M | $15.3M | $14.6M | $4.3M | $2.8M | $4.6M | $4.8M | $4.9M | $4.9M | $3.3M |
| Income before taxes | $35.8M | $102.3M | $55.0M | $38.4M | $113.9M | $81.6M | $59.2M | $58.1M | $69.3M | $110.6M |
| Income taxes | $17.6M | $37.3M | $14.6M | $13.9M | $20.4M | $21.9M | $21.6M | $16.2M | $34.0M | $34.0M |
| Net income | $18.3M | $64.9M | $40.3M | $24.4M | $93.4M | $59.7M | $37.5M | $41.9M | $35.2M | $76.6M |
| EBITDA | $103.0M | $175.6M | $152.6M | $99.6M | $157.6M | $136.1M | $141.4M | $138.2M | $142.1M | $150.6M |
| EPS (diluted) | $2.27 | $2.33 | $2.61 | $1.83 | $3.01 | $2.28 | $2.35 | $2.12 | $2.34 | $2.48 |
| Gross margin | 23.5% | 25.2% | 23.9% | 22.7% | 29.0% | 29.4% | 29.7% | 28.4% | 31.6% | 32.2% |
| Operating margin | 5.2% | 7.3% | 5.3% | 4.0% | 11.0% | 9.8% | 8.7% | 7.0% | 9.9% | 11.6% |
| Net margin | 1.2% | 4.5% | 2.7% | 2.0% | 8.9% | 6.5% | 3.9% | 4.0% | 3.6% | 8.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $416.2M | $393.7M | $382.8M | $382.9M | $375.1M | $353.9M | $352.9M | $371.5M | $375.7M | $356.0M | $366.9M | $366.2M |
| Cost of revenue | $319.7M | $296.5M | $298.5M | $291.7M | $285.3M | $267.4M | $266.8M | $276.6M | $279.0M | $267.3M | $270.6M | $280.0M |
| Gross profit | $96.4M | $97.2M | $84.3M | $91.2M | $89.8M | $86.5M | $86.1M | $94.9M | $96.7M | $88.8M | $96.3M | $86.2M |
| Research & development | $24.1M | $23.9M | $23.6M | $24.4M | $29.6M | $29.5M | $28.7M | $32.2M | $29.1M | $27.7M | $30.9M | $32.3M |
| Sales, general & admin | $55.7M | $55.3M | $47.6M | $42.9M | $41.1M | $38.5M | $38.1M | $36.9M | $39.4M | $40.7M | $41.9M | $38.2M |
| Total operating expenses | $85.7M | $85.9M | $71.2M | $67.3M | $65.8M | $69.4M | $62.5M | $62.5M | $63.7M | $70.7M | $64.6M | $62.5M |
| Operating income | $10.7M | $11.3M | $13.1M | $23.9M | $24.0M | $17.1M | $23.6M | $32.3M | $33.0M | $18.0M | $31.7M | $23.7M |
| Interest expense | $3.3M | $2.6M | $3.2M | $3.3M | $3.7M | $3.6M | $3.3M | $4.7M | $4.0M | $3.2M | $3.8M | $3.4M |
| Income before taxes | $7.3M | $7.6M | $10.3M | $20.9M | $2.5M | $2.1M | $36.1M | $19.4M | $28.4M | $18.3M | $17.2M | $22.8M |
| Income taxes | $2.9M | $3.4M | $7.3M | $5.9M | $2.1M | $2.2M | $20.8M | $3.4M | $9.5M | $3.5M | −$867,000 | $6.9M |
| Net income | $4.4M | $4.2M | $3.0M | $14.9M | $477,000 | −$128,000 | $15.3M | $16.0M | $18.9M | $14.8M | $18.1M | $15.8M |
| EBITDA | $25.1M | $24.5M | $27.4M | $37.6M | $39.3M | $36.7M | $39.8M | $48.4M | $48.3M | $39.1M | $45.4M | $37.3M |
| EPS (diluted) | $0.75 | $0.84 | $0.49 | $0.73 | $0.54 | $0.51 | $0.29 | $0.75 | $0.67 | $0.62 | $0.90 | $0.64 |
| Gross margin | 23.2% | 24.7% | 22.0% | 23.8% | 23.9% | 24.4% | 24.4% | 25.5% | 25.7% | 24.9% | 26.2% | 23.5% |
| Operating margin | 2.6% | 2.9% | 3.4% | 6.2% | 6.4% | 4.8% | 6.7% | 8.7% | 8.8% | 5.1% | 8.6% | 6.5% |
| Net margin | 1.1% | 1.1% | 0.8% | 3.9% | 0.1% | −0.0% | 4.3% | 4.3% | 5.0% | 4.2% | 4.9% | 4.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in THRM's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
THRM financial results
In fiscal year 2025 (ended December 31, 2025), Gentherm reported revenue of $1.5 billion, up 2.6% from the year before. It had net income of $18.3 million (down 71.8%), a net profit margin of 1.2%. Diluted earnings per share came to $2.27. Over five years revenue grew at an average rate of 10.4% a year.
See the THRM stock overview for the latest quote and news, or the THRM chart for price history and technical indicators.
THRM income statement FAQ
What is Gentherm's annual revenue?
Gentherm reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.6% from $1.5 billion the previous year.
Is Gentherm profitable?
Yes. Gentherm reported net income of $18.3 million in fiscal 2025, a net profit margin of 1.2%; its operating margin was 5.2%.
What is Gentherm's gross margin?
Gentherm's gross margin was 23.5% in fiscal 2025: for every $100 of revenue, Gentherm kept $24 after the direct cost of its products and services.
How much does Gentherm spend on research and development?
Gentherm spent $107.1 million on research and development in fiscal 2025, 7.2% of revenue.
How fast is Gentherm growing?
Revenue grew 10.4% a year on average over the last five fiscal years, from $913.1 million to $1.5 billion.
What are Gentherm's earnings per share?
Gentherm earned $2.27 per diluted share in fiscal 2025, compared with $2.33 a year earlier.
When will Gentherm report its next earnings?
Gentherm is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Gentherm's fiscal year end?
Gentherm's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.