THRM
Gentherm Inc
Next earnings Jul 22, 2026 · consensus $0.57 EPS, $390M rev
Last earnings +3.0% on 2026-04-23
$35.43
▼ -1.96%$35.43▲ +26.72%
over 1Y
L $27.21EODHDH $39.05
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.0%
1W+0.5%
1M+2.1%
3M+28.0%
YTD-3.8%
1Y+26.7%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 14 analysts
Buy
Cheap on sales but a 61x P/E flags collapsing earnings — Climate Seats franchise intact, FX and pricing are the bleed.
Revenue $1.50B · FY2025
The read
Middling fundamentals and a rich price (~88% above fair value) leave little margin of safety — a wait-and-see.
Gentherm is the dominant supplier of Climate Control Seats and adjacent comfort electronics, and the top line is still working: FY2025 revenue grew 2.9% to $1.50B, with Lumbar/Massage up 18.8% and Climate & Comfort Electronics up 70.8% per the MD&A product table. The franchise is real — Climate Control Seats alone is $793M, and the company is reinvesting at 6.3% of sales in R&D ($94.8M) to defend it. Balance sheet is in good shape: $161M cash, long-term debt cut 14% to $189M, equity up 16.8% to $720M, liabilities/equity at 0.94x, and operating cash flow of $117M comfortably covers the $55.7M capex. At 0.7x sales the stock is not expensive on the asset.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.05B | $1.20B | $1.47B | $1.46B | $1.50B |
| Gross profit | $304M | $274M | $352M | $366M | $362M |
| Operating income | $115M | $48.3M | $77.4M | $107M | $82.7M |
| Net income | $93.4M | $24.4M | $40.3M | $64.9M | $18.3M |
| Diluted EPS | $2.79 | $0.73 | $1.22 | $2.06 | $0.59 |
| Net margin | 8.9% | 2.0% | 2.7% | 4.5% | 1.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.11B
EV / EBITDA8.2
EV / Sales0.7
EV / FCF18.2
P / FCF17.7
PEG (trailing)—
Earnings yield1.7%
FCF yield5.7%
Quality & risk
ROIC (est.)7.2%
Free cash flow$61.1M
Total debt$189M
Net cash-$28.2M
Altman Z-Score3.26 safe
Piotroski F-Score5/9
Capital returns
Buyback yield0.9%
Dividend yield (est.)—
Shareholder yield0.9%
Shares Δ YoY-0.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Officer / director change2026-05-19
Annual meeting vote results and officer/director update disclosed
- 8-K Earnings results2026-04-23
Q1 2026 10-Q filed against backdrop of FY25 margin compression
- 8-K/A Amended 8-K2026-04-23
Q1 2026 10-Q filed against backdrop of FY25 margin compression
- 10-Q Quarterly report2026-04-23
Q1 2026 10-Q filed against backdrop of FY25 margin compression
- DEF 14A Proxy statement2026-04-01
2026 proxy: routine director/comp/auditor votes ahead of annual meeting
- 8-K Officer / director change2026-03-25
Executive officer/director transition announced
- 8-K Officer / director change2026-03-17
Officer or director appointment/departure disclosed
- 8-K Material agreement2026-02-27
Entered material agreement and new debt obligation (likely credit facility)
- 8-K Earnings results2026-02-19
FY25 rev +2.9% but op income -22.7%, NI -72% on FX, M&A, SG&A pressure
Recent filings
all on EDGAR ↗425Filing2026-06-04open ↗425Filing2026-06-03open ↗S-8Filing2026-06-02open ↗SDFiling2026-05-29open ↗425Filing2026-05-19open ↗8-KPeriod ending 2026-05-142026-05-19open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗
Frequently asked
- Is Gentherm Inc (THRM) a buy?
- THRM currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap on sales but a 61x P/E flags collapsing earnings — Climate Seats franchise intact, FX and pricing are the bleed.
- What is THRM's fair value?
- A Modified-Graham model based on THRM's SEC fundamentals estimates a fair value of about $4.29. It is an estimate from reported earnings, not a price target.
- Is THRM overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, THRM currently appears overvalued relative to its SEC-grounded earnings power.
- What is Gentherm Inc's quality score?
- THRM scores 55.74509803921568/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000903129, latest 10-Q filed 2026-04-23) · EODHD · analysis by claude-code · as of 6/25/2026, 2:10:49 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.