Gentherm Inc
THRM · Motor Vehicle Parts & Accessories · 30.7M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $79M (gross $91M, SBC $12M)
Reference price $34.82 · est. market cap ~$1.1B — last insider sale, 2025-08-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66Mid-cap thermal/comfort auto supplier with decent gross margin and low leverage but otherwise middling, sector-median metrics.
Strengths
- Above-median gross margin (24%, 69th pct) and conservative leverage (debt/equity 0.26, 32nd pct)
- Positive FCF and solid quick ratio (66th pct)
Risks
- Customer concentration (top two customers 27% of revenue) and rising Chinese competition
- Returns/margins cluster near sector median with no standout
- Integration/execution risk from pending Modine Reverse Morris Trust transaction
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~16% of revenue from one customer/distributor — For the year ended December 31, 2025, our top two customers were Lear and Adient, which comprised 16% and 11%, respectively, of our product revenues
- Strong balance sheetStrong balance sheet — $161M cash & investments
- Pending merger01 par value per share, of SpinCo (“SpinCo Common Stock”) held by Modine by way of a pro rata distribution (the “Spin-Off” and the disposition by Modine of 100% of the SpinCo Common Stock by way of th
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
24.2%
Operating margin
5.5%
Net margin
1.2%
Return on equity
2.5%
Return on assets
1.3%
ROIC
7.2%
Revenue growth (QoQ)
2.9%
Net-income growth
-71.8%
Debt / equity
0.3×
Net debt / EBITDA
0.2×
Current ratio
1.9×
Free cash flow
$61M
EBITDA
$136M
Tangible book value
$559M
Cash & investments
$161M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-14 | Meter Elizabeth | Grant | 4.3K | — |
| 2026-05-14 | Kummeth Charles R. | Grant | 4.3K | — |
| 2026-05-14 | Washington Kenneth E | Grant | 4.3K | — |
| 2026-05-14 | Kowalchik Laura Michele | Grant | 4.3K | — |
| 2026-05-14 | Hundzinski Ronald T | Grant | 4.3K | — |
| 2026-05-14 | Stacey John | Grant | 4.3K | — |
| 2026-05-14 | Heinzmann David W | Grant | 4.3K | — |
| 2026-05-14 | Desormiere Sophie | Grant | 4.3K | — |
| 2026-03-23 | Nicholas Breisacher | Grant | 353 | — |
| 2026-03-23 | Nicholas Breisacher | Tax withheld | 102 | $28.64 |
| 2026-03-23 | Barkas Rafael | Grant | 2.1K | — |
| 2026-03-23 | Barkas Rafael | Tax withheld | 607 | $28.64 |
| 2026-03-23 | Runyon Barbara J | Grant | 2.1K | — |
| 2026-03-23 | Runyon Barbara J | Tax withheld | 961 | $28.64 |
| 2026-03-23 | Wilson Jaymi | Grant | 2.5K | — |
| 2026-03-23 | Wilson Jaymi | Tax withheld | 710 | $28.64 |
| 2026-03-23 | Kauffman Wayne S III | Grant | 2.1K | — |
| 2026-03-23 | Kauffman Wayne S III | Tax withheld | 925 | $28.64 |
| 2026-03-23 | Stocker Thomas | Grant | 2.5K | — |
| 2026-03-23 | Stocker Thomas | Tax withheld | 1.1K | $28.64 |
| 2026-03-23 | Wang Chenglong | Grant | 266 | — |
| 2026-03-17 | Wilson Jaymi | Grant | 8.9K | — |
| 2026-03-17 | Nicholas Breisacher | Grant | 1.6K | — |
| 2026-03-17 | Sundaram Vishnu | Grant | 7.7K | — |
| 2026-03-17 | Runyon Barbara J | Grant | 7.7K | — |
| 2026-03-17 | Kauffman Wayne S III | Grant | 7.7K | — |
| 2026-03-17 | Barkas Rafael | Grant | 7.7K | — |
| 2026-03-17 | Stocker Thomas | Grant | 8.9K | — |
| 2026-03-17 | Wang Chenglong | Grant | 11K | — |
| 2026-03-17 | Douyard Jonathan C | Grant | 14K | — |
| 2026-03-17 | Presley William T. | Grant | 40K | — |
| 2026-03-15 | Stocker Thomas | Tax withheld | 1.0K | $27.82 |
| 2026-03-15 | Kauffman Wayne S III | Tax withheld | 874 | $27.82 |
| 2026-03-15 | Sundaram Vishnu | Tax withheld | 430 | $27.82 |
| 2026-03-15 | Runyon Barbara J | Tax withheld | 892 | $27.82 |
| 2026-03-15 | Nicholas Breisacher | Tax withheld | 90 | $27.82 |
| 2026-03-15 | Wilson Jaymi | Tax withheld | 646 | $27.82 |
| 2026-03-15 | Barkas Rafael | Tax withheld | 573 | $27.82 |
| 2026-03-14 | Nicholas Breisacher | Tax withheld | 194 | $27.82 |
| 2026-03-14 | Barkas Rafael | Tax withheld | 1.0K | $27.82 |
| 2026-03-14 | Wilson Jaymi | Tax withheld | 1.2K | $27.82 |
| 2026-03-14 | Sundaram Vishnu | Tax withheld | 667 | $27.82 |
| 2026-03-14 | Stocker Thomas | Tax withheld | 1.8K | $27.82 |
| 2026-03-14 | Runyon Barbara J | Tax withheld | 1.6K | $27.82 |
| 2026-03-14 | Presley William T. | Tax withheld | 5.1K | $27.82 |
| 2026-03-14 | Kauffman Wayne S III | Tax withheld | 1.5K | $27.82 |
| 2026-03-14 | Douyard Jonathan C | Tax withheld | 1.9K | $27.82 |
| 2026-02-24 | Presley William T. | Tax withheld | 18K | $32.51 |
| 2026-02-24 | Douyard Jonathan C | Tax withheld | 7.8K | $32.51 |
| 2025-09-26 | Sundaram Vishnu | Tax withheld | 1.2K | $34.81 |
| 2025-08-29 | Nicholas Breisacher | Tax withheld | 38 | $36.85 |
| 2025-08-21 | Runyon Barbara J | Sell | 3.3K | $34.82 |
| 2025-05-13 | Washington Kenneth E | Buy | 1.7K | $28.06 |
| 2025-05-08 | Meter Elizabeth | Grant | 5.1K | — |
| 2025-05-08 | Hundzinski Ronald T | Buy | 5.0K | $26.67 |
| 2025-05-08 | Washington Kenneth E | Grant | 5.1K | — |
| 2025-05-08 | Stacey John | Grant | 5.1K | — |
| 2025-05-08 | Kummeth Charles R. | Grant | 5.1K | — |
| 2025-05-08 | Kowalchik Laura Michele | Grant | 5.1K | — |
| 2025-05-08 | Hundzinski Ronald T | Grant | 5.1K | — |
| 2025-05-08 | HEINZMANN DAVID W | Grant | 5.1K | — |
| 2025-05-08 | Desormiere Sophie | Grant | 5.1K | — |
| 2025-04-25 | Stocker Thomas | Buy | 92 | $25.07 |
| 2025-04-25 | Presley William T. | Buy | 3.0K | $24.67 |
| 2025-04-25 | Stocker Thomas | Buy | 229 | $24.91 |
| 2025-03-21 | Runyon Barbara J | Grant | 1.2K | — |
| 2025-03-21 | Runyon Barbara J | Tax withheld | 364 | $30.37 |
| 2025-03-21 | Kauffman Wayne S III | Grant | 1.2K | — |
| 2025-03-21 | Wilson Jaymi | Tax withheld | 348 | $30.37 |
| 2025-03-21 | Stocker Thomas | Grant | 1.5K | — |
| 2025-03-21 | Stocker Thomas | Tax withheld | 657 | $30.37 |
| 2025-03-21 | Kauffman Wayne S III | Tax withheld | 348 | $30.37 |
| 2025-03-21 | Nicholas Breisacher | Grant | 122 | — |
| 2025-03-21 | Nicholas Breisacher | Tax withheld | 40 | $30.37 |
| 2025-03-21 | Barkas Rafael | Grant | 1.2K | — |
| 2025-03-21 | Barkas Rafael | Tax withheld | 348 | $30.37 |
| 2025-03-21 | Wang Chenglong | Grant | 202 | — |
| 2025-03-21 | Wilson Jaymi | Grant | 1.2K | — |
| 2025-03-15 | Wilson Jaymi | Tax withheld | 645 | $30.39 |
| 2025-03-15 | Runyon Barbara J | Tax withheld | 590 | $30.39 |
| 2025-03-15 | Sundaram Vishnu | Tax withheld | 430 | $30.39 |
| 2025-03-15 | Kauffman Wayne S III | Tax withheld | 573 | $30.39 |
| 2025-03-15 | Barkas Rafael | Tax withheld | 573 | $30.39 |
| 2025-03-15 | Nicholas Breisacher | Tax withheld | 107 | $30.39 |
| 2025-03-15 | Stocker Thomas | Tax withheld | 1.0K | $30.39 |
| 2025-03-14 | Wilson Jaymi | Grant | 8.2K | — |
| 2025-03-14 | Sundaram Vishnu | Grant | 7.0K | — |
| 2025-03-14 | Stocker Thomas | Tax withheld | 614 | $30.15 |
| 2025-03-14 | Stocker Thomas | Grant | 8.2K | — |
| 2025-03-14 | Nicholas Breisacher | Tax withheld | 67 | $30.15 |
| 2025-03-14 | Nicholas Breisacher | Grant | 1.5K | — |
| 2025-03-14 | Barkas Rafael | Tax withheld | 342 | $30.15 |
| 2025-03-14 | Barkas Rafael | Grant | 7.0K | — |
| 2025-03-14 | Runyon Barbara J | Tax withheld | 357 | $30.15 |
| 2025-03-14 | Runyon Barbara J | Grant | 7.0K | — |
| 2025-03-14 | Wilson Jaymi | Tax withheld | 398 | $30.15 |
| 2025-03-14 | Kauffman Wayne S III | Tax withheld | 342 | $30.15 |
| 2025-03-14 | Kauffman Wayne S III | Grant | 7.0K | — |
| 2025-03-14 | Wang Chenglong | Grant | 3.5K | — |
| 2025-03-14 | Douyard Jonathan C | Grant | 13K | — |
| 2025-03-14 | Presley William T. | Grant | 35K | — |
| 2025-03-11 | Wilson Jaymi | Tax withheld | 270 | $32.48 |
| 2025-03-11 | Stocker Thomas | Tax withheld | 429 | $32.48 |
| 2025-03-11 | Runyon Barbara J | Tax withheld | 238 | $32.48 |
| 2025-03-11 | Kauffman Wayne S III | Tax withheld | 270 | $32.48 |
| 2025-03-11 | Nicholas Breisacher | Tax withheld | 28 | $32.48 |
| 2025-03-11 | Barkas Rafael | Tax withheld | 270 | $32.48 |
| 2025-02-24 | Presley William T. | Grant | 123K | — |
| 2025-02-24 | Douyard Jonathan C | Grant | 52K | — |
| 2024-12-31 | Eyler Phillip | Tax withheld | 1.8K | $39.56 |
| 2024-12-31 | Eyler Phillip | Tax withheld | 2.5K | $39.56 |
| 2024-12-31 | Eyler Phillip | Tax withheld | 3.3K | $39.56 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (4)
- Lear 16% of rev
- General Motors 12% of rev
- Volkswagen 12% of rev
- Adient 11% of rev
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-19 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-23 | Material agreementExhibits | filing ↗ |
| 2026-03-25 | Exec/director change | filing ↗ |
| 2026-03-17 | Exec/director changeExhibits | filing ↗ |
| 2026-02-27 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-19 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-29 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-19 | 2026-05-14 | 0001193125-26-231132 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0001193125-26-173920 ↗ |
| 8-K/A | 2026-04-23 | 2026-02-24 | 0001193125-26-173969 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001193125-26-171740 ↗ |
| 8-K | 2026-03-25 | 2026-03-24 | 0001193125-26-122833 ↗ |
| 8-K | 2026-03-17 | 2026-03-17 | 0001193125-26-111187 ↗ |
| 8-K | 2026-02-27 | 2026-02-24 | 0001193125-26-082690 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001193125-26-058037 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001193125-26-059602 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001193125-26-029374 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0001193125-26-028170 ↗ |
| 10-Q | 2025-10-23 | 2025-09-30 | 0001193125-25-248864 ↗ |