Is the business good?
How good a business is THRM?
Gentherm Incorporated earns 8.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.0%
Return on invested capital · cost of capital 9.0% · 0.98 points below what the capital costs: growth destroys value
- Operating margin
- 5.0%
Operating margin · Auto Parts median 8.5% · 12 months to Q1 2026
- Cash conversion
- 3.48×
Cash conversion · 0.59× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −0.07%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 9.8% |
| FY2021 | 11% |
| FY2022 | 4.0% |
| FY2023 | 5.3% |
| FY2024 | 7.3% |
| FY2025 | 5.5% |
Details›
- Gross margin12 months to Q1 2026
- 24%
- Operating margin12 months to Q1 2026
- 5.0%
- Net margin12 months to Q1 2026
- 1.5%
- Free cash flow margin
- 5.1%
- R&D as % of revenue
- 6.1%
- Revenue, trailing twelve months
- $1.54B
- Free cash flow, trailing twelve months
- $79M
- Net income, trailing twelve months
- $23M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.