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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
NET SALES $ 657,858,210 $ 572,925,778 $ 1,234,631,300 $ 1,163,150,989
COST OF GOODS SOLD 432,567,307 384,362,469 817,606,810 772,350,073
Gross profit 225,290,903 188,563,309 417,024,490 390,800,916
OPERATING EXPENSES:        
Engineering, research and development 51,471,277 44,003,994 97,395,641 86,185,980
Selling, general & administrative 48,515,355 29,675,293 78,448,360 60,384,602
Severance expense 6,784,136 0 9,673,248 0
Total operating expenses 106,770,768 73,679,287 185,517,249 146,570,582
Income from operations 118,520,135 114,884,022 231,507,241 244,230,334
OTHER (LOSS) INCOME        
Investment (loss) income, net (3,628,231) (12,393,771) 1,246,624 (15,762,295)
Other, net 578,235 (1,159,272) (3,656,144) 510,867
Total other loss, net (3,049,996) (13,553,043) (2,409,520) (15,251,428)
INCOME BEFORE PROVISION FOR INCOME TAXES 115,470,139 101,330,979 229,097,721 228,978,906
PROVISION FOR INCOME TAXES 19,819,689 15,290,541 38,573,226 34,707,753
NET INCOME 95,650,450 86,040,438 190,524,495 194,271,153
Less: Net loss attributable to non-controlling interests (389,134) 0 (389,134) 0
NET INCOME ATTRIBUTABLE TO GENTEX CORPORATION $ 96,039,584 $ 86,040,438 $ 190,913,629 $ 194,271,153
EARNINGS PER SHARE ATTRIBUTABLE TO GENTEX CORPORATION:        
Basic (in dollars per share) [1] $ 0.43 $ 0.37 $ 0.85 $ 0.84
Diluted (in dollars per share) [1] 0.43 0.37 0.85 0.84
Cash Dividends Declared per Share (in dollars per share) $ 0.12 $ 0.12 $ 0.24 $ 0.24
[1]
(1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards.