Forensic Analysis · Parts & Accessories Manufacturing · as of Nov 8, 2026

Gentherm Inc (THRM)

A forensic read on Gentherm Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

4.9

Distress distance

Clean

Earnings quality

Forensic signals

2.7%

ROE

2.9%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Gentherm Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 4.9, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.

What the filings flag

$20M

FY2023

Goodwill impairments. Took $20M of goodwill writedowns across 1 year (FY2023 ($20M)) — about 48% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

6.7%

FY2025

Return on invested capital. Return on invested capital is 6.7% in the latest fiscal year, against 7.5% in FY2023, having run between 6.7% and 9.1% across FY2023–FY2025 with no direction held. After-tax operating profit was $57M in FY2023 and $54M in FY2025, with operating income at 5.3% of revenue in FY2023, 7.3% in FY2024 and 5.5% in FY2025. The capital base behind it went from $760M in FY2023 to $802M in FY2025 (+6%), while the revenue it carried went from $1.5B to $1.5B. FY2023's operating profit carried a $20M goodwill write-off, a $5M restructuring charge and a $3M asset write-down that took about 2.6 points off that year's return, and FY2025's carried a $12M restructuring charge that took about 1.0 points off the latest; so, net of each other, the two charges add about 1.6 points to the -0.8-point change across FY2023–FY2025. A non-cash write-down lowers the reported return in the year it lands.

Key fundamentals

Latest Revenue$1.50B

Revenue Growth YoY+2.9%

Revenue CAGR (2yr)+1.0%

Net Margin1.2%

Free Cash Flow$61.1M

Return on Equity2.7%

Debt / Equity0.26x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.