Loading…
Makes thermal comfort and pressure/sensing systems for vehicle seats, plus medical thermal management products.
Makes thermal comfort and pressure/sensing systems for vehicle seats, plus medical thermal management products.
Wins business platform by platform when an automaker picks a seat-comfort system for a new vehicle, then supplies it through the model's life; content per car is higher on premium models. It took its present form when Amerigon, the thermoelectric-seat specialist, bought W.E.T. Automotive in 2011 and later renamed itself Gentherm.
Moat: narrow (IP / patents, customer qualification). Patented seat climate-control technology with deep OEM design-in relationships across premium vehicle lines.
Headquarters: Northville, Michigan, US · Founded: 1991 · Employees: 14,174
Size Gentherm (THRM) is a United States Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.55B, the 1974th largest of 3,117 United States companies the cockpit tracks. Shares closed at $29.47 on 6 Nov 2026.
Performance Over six months the shares fell 6.7%, against -19.3% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 8.8% over the last twelve months (peer median +8.1%); the operating margin is 4.5% (peer median 6.5%).
Valuation It trades at 9.8× forward earnings against a peer median of 13.4× (6th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.1 points below its cost of capital (10.8% WACC).
Short interest Short interest is 5.1% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.60B | $1.50B | $1.46B | $1.47B | $1.20B |
| Revenue growth | — | +3% | -1% | +22% | — |
| Gross profit | $369M | $364M | $370M | $360M | $288M |
| EBITDA | $130M | $153M | $179M | $161M | $98.2M |
| Net income | $9.04M | $18.3M | $64.9M | $40.3M | $24.4M |
| Free cash flow | $20.1M | $61.1M | $36.3M | $81.7M | -$24.8M |
| Capital expenditure | $44.9M | $55.7M | $73.3M | $37.6M | $39.7M |
| Total debt | $371M | $247M | $265M | $247M | $263M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gentherm THRM | $1.55B | -7% | +9% | 5% | 9.8× | 21.7% |
| Adient ADNT | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | THRM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | -5.2% | 7th highest of 21 |
| 6-month return | -6.7% | -19.3% | 6th highest of 21 |
| Distance from 52-week high | -39.0% | -42.0% | 9th highest of 21 |
| Revenue growth (TTM) | +8.8% | +8.1% | 11th highest of 21 |
| Operating margin | 4.5% | 6.5% | 8th lowest of 21 |
| Forward P/E | 9.8× | 13.4× | 6th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 21.7% | -5.7% | 5th most demanding of 16 |
| Growth delivered (Del g) | +10.4% | +8.8% | 6th highest of 16 |
| Hurdle (Req g minus delivered) | +11.2 pp | -13.6 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | -4.1 pp | +0.5 pp | lowest of 21 |
| EV / EBITDA | 12.8× | 5.6× | 5th most expensive of 14 |
| Net debt / EBITDA | 0.9× | -0.4× | 7th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gentherm THRM | United States | $1.55B | -7% | +9% | 5% | 9.8× | 21.7% | +10.4% |
| Johnson Electric 0179.HK | Hong Kong | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% | +3.1% |
| Slcorp 005850.KS | South Korea | $1.54B | -25% | +10% | 8% | 5.7× | -19.7% | +15.9% |
| Tokai Rika 6995.T | Japan | $1.57B | 0% | +5% | 5% | 9.9× | -4.6% | +7.9% |
| OPmobility OPM.PA | France | $1.51B | -42% | -3% | 4% | 8.2× | -8.1% | +7.6% |
| Dn Automotive 007340.KS | South Korea | $1.46B | -20% | +17% | 15% | n/a | -16.2% | +35.6% |
| Lumax Auto Technologies LUMAXTECH.NS | India | $1.68B | +36% | +33% | 10% | 37.2× | 34.9% | +34.5% |
| CIE Automotive India CIEINDIA.NS | India | $1.42B | -26% | +12% | 11% | 12.2× | 8.6% | +9.2% |
| SEDEMAC Mechatronics SEDEMAC.NS | India | $1.42B | +56% | +61% | 15% | 73.8× | n/a | n/a |
| Ningbo Zhongda Leader Intelligent Transmission 002896.SZ | China | $1.69B | -18% | +22% | 4% | 132.1× | n/a | n/a |
| Lingyun Industrial 600480.SS | China | $1.41B | -25% | +3% | 5% | 17.1× | -12.3% | +8.0% |
| Nexteer Automotive 1316.HK | Hong Kong | $1.40B | -14% | +6% | 4% | 8.5× | -13.5% | +8.7% |
| Zhuzhou Times New Materials Technology 600458.SS | China | $1.39B | -17% | +1% | 2% | 14.7× | n/a | n/a |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 10.9× | -5.9% | +7.7% |
| Gestamp Automocion GEST.MC | Spain | $1.77B | -13% | -3% | 5% | 7.3× | -5.7% | +8.8% |
| Jiangsu Bojun Industrial Technology 300926.SZ | China | $1.35B | -31% | +54% | 13% | 9.0× | n/a | n/a |
| Shuanglin 300100.SZ | China | $1.80B | -27% | -11% | 4% | 32.6× | 25.5% | +8.9% |
| Minda MINDACORP.NS | India | $1.80B | +33% | +33% | 8% | 37.6× | 32.0% | +21.3% |
| Kunshan Huguang Auto Harness 605333.SS | China | $1.32B | -16% | -2% | 2% | 31.8× | n/a | n/a |
| Tenneco Clean Air India TENNIND.NS | India | $1.81B | -35% | +22% | 14% | 24.9× | 14.4% | +3.8% |
| Zhejiang Shibao 1057.HK | Hong Kong | $1.32B | -33% | +22% | 4% | n/a | 26.8% | +25.6% |