Gentex vs LCI Industries
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KIRA’s take AI analyst
I put Gentex and LCI Industries side by side, using each one’s latest annual report. Here is what stands out:
- LCI Industries is the larger business, with $4.1B of revenue in fiscal 2025 against $2.5B for Gentex, about 1.6 times as much.
- LCI Industries grew revenue faster (10.2%, against 9.6%).
- Gentex kept more of each dollar of sales as operating profit (18.7% operating margin, against 6.8%).
- Gentex turned more of its sales into free cash flow (18.1% FCF margin, against 6.8%).
- Gentex earned a higher return on the capital invested in it (17.4%, against 10.2%).
- Investors pay more for each dollar of Gentex’s earnings: a P/E of 10.9x against 10.2x for LCI Industries.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Gentex
GNTX
9/11
5-year growthGross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
LCI Industries
LCII
2/11
Revenue growthPiotroski F-score
Side by side
Best in the row
| Latest fiscal year | GNTX FY25 | LCII FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.3B | $2.1B |
| Revenue | $2.5B | $4.1B |
| Free cash flow | $458M | $278M |
| Net income | $385M | $188M |
| Growth | ||
| Revenue growth | 9.6% | 10.2% |
| 5-year growth | 8.5% | 8.1% |
| Share count change | −3.6% | −2.6% |
| Profitability | ||
| Gross margin | 34.2% | 23.8% |
| Operating margin | 18.7% | 6.8% |
| Net margin | 15.2% | 4.6% |
| FCF margin | 18.1% | 6.8% |
| Return on capital | 17.4% | 10.2% |
| Return on equity | 15.5% | 13.7% |
| Balance sheet | ||
| Net debt | −$147M | $723M |
| Net debt / EBITDA | −0.3x | 1.8x |
| Dividends and buybacks | $422M | $243M |
| Valuation & quality | ||
| P/E | 10.9x | 10.2x |
| Piotroski F-score | 6 | 8 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.