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Gentherm
Gentherm (THRM) investor relations material
Gentherm Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Achieved record annual revenue of $1.5B in 2025, up 2.9% year-over-year, driven by strong new business awards totaling $2.2B in Automotive and expansion into adjacent markets.
Announced a planned combination with Modine Performance Technologies, expected to close by year-end, creating a $2.6B market leader with significant end-market diversification and cost synergies.
Focused on operational efficiency, business process standardization, and cash generation to drive margin expansion.
Launched new products, including the Thermafix system in medical, with FDA 510(k) submission and expected revenue contribution in 2026.
Financial highlights
2025 revenue reached $1.5B, up 2.9% year-over-year (1.8% ex-FX); Automotive Climate & Comfort solutions revenue grew 5.8% ex-FX.
Adjusted EBITDA for 2025 was $175M (11%-11.7% margin), down from 12.6% prior year, mainly due to higher material costs and footprint realignment expenses.
Operating cash flow reached $117M, up 7% year-over-year, with net leverage reduced to 0.2x.
Capital expenditures were $56M, down from $73M, and liquidity at year-end 2025 was $469M.
Q4 2025 product revenues were $383M, with adjusted EBITDA margin at 10.6%.
Outlook and guidance
2026 revenue expected between $1.5B-$1.6B, with adjusted EBITDA guidance of $175M-$195M and adjusted free cash flow projected at $80M-$100M.
Preliminary 2027 revenue outlook of $1.7B, up ~10% from 2026 midpoint, driven by strong launches and adjacent market growth.
Margin expansion of ~30bps expected in 2026, with further improvement as footprint actions complete by 2027.
Guidance assumes a low single-digit decline in light vehicle production for 2026 and current tariffs.
Key synergies from Modine acquisition
What actions to improve gross margin?
When will $2.2B awards impact revenue?
Adjacent market margin profile vs. automotive
How Modine acquisition accelerates market entry
Footprint realignment's 2027 margin impact
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Next Gentherm earnings date
Q1 202623 Apr, 2026
Gentherm
Next Gentherm earnings date
Q1 202623 Apr, 2026
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Frequently asked questions
Gentherm Incorporated develops, manufactures, and markets thermal management technologies. The company operates in three segments: Thermostat Solutions, Home Solutions, and Automotive Solutions. The Thermostat Solutions segment offers digital thermostats and related services for residential and commercial customers. The Home Solutions segment produces and sells refrigerators, wine coolers, freezers, beverage centers, dehumidifiers, air purifiers, blowers for heating and cooling; dehumidifiers for heating and cooling; heat pumps for heating and cooling; mini-splits/zone ductless systems for heating and cooling; geothermal products for home improvement contractors serving the residential market; boilers for heating water and space heating; cooking appliances; room air conditioners; furnaces; blowers/cooling systems; components and accessories to all appliances described above; hybrid ventilation systems by providing a single basic model with multiple options so as to allow a customer to purchase the system that fits its needs and budget. The Automotive Solutions segment manufactures condensers for automotive air conditioners. Gentherm Incorporated is based in Northville, Michigan.
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