Gentherm (THRM) Gross Margin (2010 - 2026)
Gentherm (THRM) posted Gross Margin of 23.17% for Q2 2026, down 6.18% on a QoQ basis from 24.7% in Q1 2026, and down 76.0% year-over-year from 96.54% in Q2 2025.
Analysis
Gentherm (THRM) Gross Margin (2010 - 2026) Analysis & Trends
Gentherm has reported Gross Margin for 17 years, with the latest figure at 23.17% in Q2 2026.
- On a quarterly basis, Gross Margin fell 76.0% year-over-year to 23.17% in Q2 2026; TTM through Jun 2026 was 24.03%, a 54.0% decrease from a year earlier, with the FY2025 full-year figure at 24.17%, down 100.0% from the prior year.
- Gross Margin was 23.17% for Q2 2026 at Gentherm, down from 24.7% in the prior quarter.
- The five-year high for Gross Margin was 26.24% in Q4 2023, with the low at 20.33% in Q4 2022.
- Average Gross Margin over 5 years is 24.0%, with a median of 24.04% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 700 bps in 2022, then surged 591 bps in 2023.
- Over 5 years, Gross Margin stood at 20.33% in 2022, then increased by 29 bps to 26.24% in 2023, then dropped by 7 bps to 24.4% in 2024, then declined by 3 bps to 23.72% in 2025, then declined by 2 bps to 23.17% in 2026.
- The last three Gross Margin figures came in at 23.17% (Q2 2026), 24.7% (Q1 2026), and 23.72% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.63 Bn | 81.30 Bn | 2.68 Bn | 41.28% |
| 2 | Illinois Tool Works | 75.96 Bn | 75.12 Bn | 1.90 Bn | 44.13% |
| 3 | Ametek | 53.68 Bn | 53.19 Bn | 735.04 Mn | 35.95% |
| 4 | Rockwell Automation | 46.83 Bn | 46.35 Bn | 1.14 Bn | 49.46% |
| 5 | Mettler Toledo International | 25.77 Bn | 25.72 Bn | 650.22 Mn | 63.29% |
| 6 | Dover | 25.23 Bn | 23.47 Bn | 880.61 Mn | 40.21% |
| 7 | Nordson | 17.11 Bn | 17.00 Bn | 453.73 Mn | 55.49% |
| 8 | Fortive | 16.56 Bn | 16.19 Bn | 695.30 Mn | 63.39% |
| 9 | RBC Bearings | 15.05 Bn | 14.92 Bn | 247.80 Mn | 47.70% |
| 10 | Gentherm | 1.17 Bn | 957.95 Mn | 96.43 Mn | 23.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.17% |
| Mar 31, 2026 | 24.70% |
| Dec 31, 2025 | 23.72% |
| Sep 30, 2025 | 24.59% |
| Jun 30, 2025 | 23.93% |
| Mar 31, 2025 | 24.44% |
| Dec 31, 2024 | 24.40% |
| Sep 30, 2024 | 25.54% |
| Jun 30, 2024 | 25.74% |
| Mar 31, 2024 | 24.93% |
| Dec 31, 2023 | 26.24% |
| Sep 30, 2023 | 23.54% |
| Jun 30, 2023 | 23.63% |
| Mar 31, 2023 | 22.31% |
| Dec 31, 2022 | 20.33% |
| Sep 30, 2022 | 24.13% |
| Jun 30, 2022 | 22.77% |
| Mar 31, 2022 | 23.95% |
| Dec 31, 2021 | 27.14% |
| Sep 30, 2021 | 28.51% |