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Companies / Industrials / Gentherm Inc
THRM

Gentherm Inc

IndustrialsTransportation Equipment
Ticker THRMNOVI, MIFiscal year ends DecemberBook value per share $23.37Diluted shares 30.9M

Gentherm Incorporated (NASDAQ: THRM) is a global market leader in innovative thermal management and pneumatic comfort technologies serving the automotive and medical industries. The company operates through two reportable segments: Automotive, which represents 97 percent of product revenues, and Medical. Gentherm's… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.50B
+2.9% year over year
Last 12 mo $1.58B
5.52%
−1.8 percentage points
Last 12 mo 4.03%
$18.29M
−71.8% year over year
Last 12 mo $26.57M
2.47%
−10.1 percentage points
Last 12 mo 3.67%
Cash & financing
$116.79M
+6.5% year over year
Last 12 mo $87.36M
$61.12M
+68.2% year over year
Last 12 mo $41.21M
0.26
Was 0.36× a year earlier
Last 12 mo 0.38
30.9M
−1.7% year over year
Last 12 mo 30.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Gentherm Inc does

In the company’s own words

Gentherm Incorporated (NASDAQ: THRM) is a global market leader in innovative thermal management and pneumatic comfort technologies serving the automotive and medical industries. The company operates through two reportable segments: Automotive, which represents 97 percent of product revenues, and Medical. Gentherm's website is www.gentherm.com.

In the Automotive segment, Gentherm designs, develops, manufactures and sells Climate Control Seats, Climate Control Interiors, Lumbar and Massage Comfort Solutions, Valve Systems, and Climate and Comfort Electronics. The company's medical segment provides patient temperature management systems utilizing air, water and resistive technologies for applications including hyper-hypothermia therapy, normothermia in surgical procedures, and acute and chronic care warming and cooling therapies. Core brands include Blanketrol and Astotherm in the medical division.

Gentherm's core technologies encompass thermal management through resistive heater technologies including proprietary carbon fiber Carbotex elements, air moving devices offering scalable blower solutions, pneumatic solutions based on shape memory alloy valve technology, and advanced valve systems for fluid and gas regulation. The company holds 382 issued patents as of December 31, 2025, including 181 U.S. patents and 201 non-U.S. patents.

The company operates in more than 30 locations across 13 countries with a global workforce of approximately 14,174 employees as of December 31, 2025. Major manufacturing locations include Mexico, China, North Macedonia, Ukraine, Vietnam, and Morocco. Gentherm's automotive products are found on light vehicles manufactured by nearly all major original equipment manufacturers in North America and Europe and several major OEMs in Asia. For 2025, the company's two largest customers were Lear Corporation and Adient plc, representing 16 percent and 11 percent of product revenues respectively. Top OEM customers included Volkswagen and General Motors, each representing 12 percent of product revenues.

In January 2026, Gentherm entered into definitive agreements with Modine Manufacturing Company to combine through a Reverse Morris Trust transaction, whereby Modine will spin off its Performance Technologies business and merge it with Gentherm.

Company details
Sector
Industrials
Industry
Transportation Equipment
Headquarters
NOVI, MI
Fiscal year end
December
CIK
903129
SIC
3714

Financial performance, year by year

Fiscal 2013–2025 · USD
$-157.95M$315.91M$789.77M$1.26B$1.74B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Gentherm Inc — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

285
funds hold it
0 of 35
superinvestors hold it
$496.31M
held by funds, at market
48.5%
of shares held by funds

Largest fund holders · Gentherm Inc’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.06%of fund net assets
Undiscovered Managers Behavioral Value Fund
UBVLX · UNDISCOVERED MANAGERS FUNDS
0.35%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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