Gentherm Secures $2.2B in Awards, Posts $1.5B Revenue and Sets 2026 Guidance
Gentherm posted $1.5B in 2025 product revenue and secured $2.2B in new automotive awards, lifting operating cash flow 7% to $116.8M. Q4 product revenue rose 8.5% to $382.8M, but net income fell to $3M and gross margin dropped to 23.7%; Gentherm targets $1.5–$1.6B revenue and $175–$195M EBITDA for 2026.
1. 2025 Financial Performance
In 2025, Gentherm achieved record product revenue of $1.5B and secured $2.2B in new automotive awards. Operating cash flow increased by 7% to $116.8M, driven by strength in Automotive Climate and Comfort Solutions across key markets.
2. Q4 Results and Challenges
In Q4, product revenue rose 8.5% year-over-year to $382.8M, while net income declined to $3.0M from $15.3M and gross margin contracted to 23.7% due to higher material costs and footprint realignment expenses. During the quarter, the company also won $485M in awards and secured a partnership with a global furniture brand.
3. 2026 Guidance and Strategic Outlook
Gentherm established 2026 product revenue guidance of $1.5–$1.6B and Adjusted EBITDA of $175–$195M, reflecting current customer orders, existing tariffs, and expected light vehicle production trends. The company is progressing on its planned combination with Modine Performance Technologies, targeted for completion by end of 2026.