Gentherm Inc. (THRM) intrinsic value & 10-year financials
Gentherm Inc. (THRM) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.6% a year to $1.5B, with an average return on invested capital of 10.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $29.04
- Market cap
- $898.3M
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 10.4%
- Free cash flow (FY2025)
- $61.1M
THRM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $18.3M | $0.59 | $61.1M | 5.5% | 5.8% |
| FY2024 | $1.5B | $64.9M | $2.06 | $36.3M | 7.3% | 9.6% |
| FY2023 | $1.5B | $40.3M | $1.22 | $81.7M | 5.3% | 7.7% |
| FY2022 | $1.2B | $24.4M | $0.73 | -$24.8M | 4.0% | 4.9% |
| FY2021 | $1.0B | $93.4M | $2.79 | $104.6M | 11.0% | 18.7% |
| FY2020 | $913.1M | $59.7M | $1.81 | $93.5M | 9.8% | 13.0% |
| FY2019 | $971.7M | $37.5M | $1.13 | $95.1M | 8.7% | 9.9% |
| FY2018 | $1.0B | $41.9M | $1.16 | $76.9M | 7.0% | 9.0% |
| FY2017 | $985.7M | $35.2M | $0.96 | -$905.0K | 9.9% | 9.5% |
| FY2016 | $917.6M | $76.6M | $2.09 | $42.1M | 11.6% | 16.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Gentherm Inc has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
Gentherm Inc returns on capital have been average, hovering around 10.4% ROIC over the decade.
Over the decade, Gentherm Inc shows that management has aggressively returned capital to shareholders by retiring 15.5% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Gentherm Inc is modeled at -13.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-9.02 per share.