What is Gentex's work in process?

Gentex (GNTX) reported work in process of $69.79M in Q1 2026.

How has Gentex's work in process changed year-over-year?

Gentex's work in process increased by 42.4% year-over-year, from $49.02M to $69.79M.

What is the long-term trend for Gentex's work in process?

Over 5 years (2020 to 2025), Gentex's work in process has grown at a 14.5% compound annual growth rate (CAGR), from $32.79M to $64.47M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Gentex GNTX Work in process

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Other financials

Income statement

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Revenue$675.4M+17.1%

Gross profit$228.6M+19.2%

Operating income$123.7M+9.4%

Net income$98.5M+3.8%

EPS (diluted)$0.46+9.5%

Balance sheet

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Cash & equivalents$164.8M-42.5%

Total debt$10.8M+123%

Total equity$2.5B+1.1%

Total assets$3.0B+7.7%

Cash flow

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Operating cash flow$137.1M-7.7%

CapEx$17.0M-53.6%

Free cash flow$120.0M+7.4%

Valuation

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Market cap$5.53B-11.1%

Enterprise value$5.37B-9.2%

P/E14.2×-1.7×

P/S2.1×-0.6×

Profitability

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Gross margin34.3%+1.2pp

Operating margin18.4%-0.9pp

Net margin14.8%-2.3pp

FCF margin17.7%+1.7pp

Returns & leverage

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Return on equity15.6%-0.5pp

Debt / equity0×0.0×

Current ratio2.7×-1.4×

Where this comes from

Reported directly by Gentex in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Gentex’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gentex's work in process?: Gentex (GNTX) reported work in process of $69.79M in Q1 2026.
How has Gentex's work in process changed year-over-year?: Gentex's work in process increased by 42.4% year-over-year, from $49.02M to $69.79M.
What is the long-term trend for Gentex's work in process?: Over 5 years (2020 to 2025), Gentex's work in process has grown at a 14.5% compound annual growth rate (CAGR), from $32.79M to $64.47M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.