THRM
Consumer CyclicalGentherm Incorporated · Auto - Parts · $1B
What is Gentherm Incorporated?
Gentherm Incorporated is a small-cap thermal management technology company serving both the automotive and medical industries. Founded in 1993 and headquartered in Northville, Michigan, it supplies comfort and temperature control solutions to vehicle manufacturers and healthcare providers worldwide.
Gentherm generates revenue through two segments. Its Automotive segment supplies seat heaters, climate control systems, steering wheel heaters, battery thermal management products, and electronic control units to vehicle manufacturers and tier-one suppliers. Its Medical segment provides patient temperature management systems to healthcare facilities. The company earns by embedding its proprietary thermal technologies into vehicles and medical equipment at the point of manufacture.
Gentherm was founded in 1993 and is headquartered in Northville, US.
- Automotive seat climate comfort systems (heaters, blowers, thermoelectric devices)
- Battery thermal management and cell connecting solutions
- Automotive electronic control units and software
- Medical patient temperature management systems
Is THRM a Good Stock to Buy?
UQS Score rates THRM as Below Average overall.
Among the five pillars, Risk stands out as the relative bright spot, suggesting the business carries a more manageable financial risk profile than its overall score might imply. Valuation is rated Attractive, meaning the stock may be priced at a discount relative to its fundamentals.
Quality, Moat, and Growth are all rated Weak, pointing to challenges in profitability consistency, competitive differentiation, and near-term expansion.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does THRM pay dividends?
No — Gentherm Incorporated does not currently pay a dividend.
Gentherm does not currently pay a dividend. As a small-cap company operating in capital-intensive automotive and medical technology markets, the company directs available resources toward product development and operational investment rather than shareholder distributions. Income-focused investors should factor this into their assessment.
When does THRM report earnings?
Gentherm reports earnings on a quarterly cadence, typical for US-listed equities.
The company's recent results reflect the pressures visible in its Weak Growth and Quality pillar ratings — revenue momentum and profitability have faced headwinds tied to automotive production cycles and input costs. Performance across both segments has been uneven relative to sector peers.
For the most recent quarter's results, visit Gentherm's investor relations page directly.
THRM Price History
-60.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Gentherm Incorporated?
Based on Gentherm Incorporated's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
THRM Long-term Outlook
Given Weak ratings across Growth, Quality, and Moat, the near-term fundamental outlook for Gentherm is cautious. The Attractive Valuation label suggests the market has already priced in much of the uncertainty, which could limit downside — but a meaningful re-rating would likely require improvement in profitability or competitive positioning. The Good Risk rating provides some stability to the outlook.
Growth drivers
- Expanding adoption of battery thermal management in electric vehicles
- Potential recovery in global light vehicle production volumes
- Medical segment diversification reducing pure automotive cyclicality
Key risks
- Weak Moat rating signals limited pricing power against larger automotive suppliers
- Automotive OEM concentration exposes revenue to production-cycle volatility
- Weak Quality pillar suggests ongoing pressure on margins and returns
THRM vs Peers
Gentherm competes across automotive components and adjacent technology markets alongside several distinct players.
Standard Motor Products focuses on engine management and temperature control parts for the aftermarket channel, giving it a different customer mix than Gentherm's OEM-first model.
Aeva Technologies develops lidar-based sensing systems for autonomous vehicles, representing a higher-risk, earlier-stage technology bet compared to Gentherm's established thermal comfort products.
Douglas Dynamics manufactures work truck attachments and equipment, sharing the small-cap vehicle-adjacent space but operating in a largely separate end market from Gentherm.
Frequently Asked Questions
What does Gentherm do?
Gentherm designs and manufactures thermal management technologies for two markets. Its Automotive segment produces seat climate systems, battery thermal solutions, and electronic control units for vehicle manufacturers. Its Medical segment supplies patient temperature management systems to healthcare providers. The company embeds its technology at the point of manufacture rather than selling directly to consumers.
Does THRM pay dividends?
Gentherm does not pay a dividend. The company reinvests available capital into product development and operations across its automotive and medical segments. Investors seeking regular income from this holding should be aware that no distribution is currently offered.
When does THRM report earnings?
Gentherm reports on a quarterly cadence, in line with standard US-listed company practice. Specific upcoming report dates are not covered by our data source. Check Gentherm's investor relations page for the current earnings calendar.
Is THRM a good stock to buy?
UQS Score rates THRM as Below Average, reflecting Weak ratings across Quality, Moat, and Growth pillars. The Attractive Valuation and Good Risk ratings offer some offset. Whether that profile suits your portfolio depends on your own risk tolerance and investment goals — the full pillar breakdown is available to Pro members.
Is THRM overvalued?
The UQS Valuation pillar rates THRM as Attractive, suggesting the stock is not considered overvalued on a fundamental basis relative to its current price. However, an attractive price alone does not override concerns in other pillars — quality and growth context matters when assessing value.
How does THRM compare to its competitors?
Gentherm occupies a niche in thermal management technology that differs from peers like Standard Motor Products, which targets the aftermarket, and Aeva Technologies, which focuses on autonomous vehicle sensing. Douglas Dynamics operates in work truck equipment. Each competitor serves distinct customer bases, making direct comparisons nuanced. The full UQS comparison is available on each ticker's page.
What is THRM's market cap bracket?
Gentherm is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and less analyst coverage than large- or mega-cap peers in the automotive components sector.
Who founded Gentherm?
Gentherm was founded in 1993. Detailed founding history, including the names of original founders, is publicly available through the company's official corporate history and investor relations materials.
Is THRM a long-term quality indicator?
As a long-term quality indicator, THRM's Below Average UQS Score — driven by Weak Quality, Moat, and Growth ratings — suggests the business currently lacks the durable competitive advantages and consistent profitability typically associated with high-conviction long-term holdings. The Good Risk and Attractive Valuation ratings are worth monitoring for signs of improvement.
What is the main competitive advantage of Gentherm?
Gentherm's primary differentiation lies in its proprietary thermal management technology and its deep integration with automotive OEM supply chains. However, the UQS Moat pillar rates this advantage as Weak, indicating that the company's competitive position may not be as durable or wide as sector leaders. Diversification into medical temperature management adds some breadth.
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Pro Analysis
THRM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 46.9 | 35.3 | 31.0 | 35.6 | 63.3 | 91.0 | -0.5 |
| May 20, 2026 | 47.4 | 35.6 | 31.0 | 35.6 | 63.3 | 94.0 | +0.1 |
| May 14, 2026 | 47.3 | 35.6 | 31.0 | 35.6 | 63.3 | 93.7 | -0.1 |
| May 12, 2026 | 47.4 | 35.6 | 31.0 | 35.6 | 63.3 | 94.4 | +0.8 |
| May 7, 2026 | 46.6 | 33.5 | 31.0 | 35.6 | 60.5 | 95.0 | -0.1 |
| May 2, 2026 | 46.7 | 33.5 | 31.0 | 35.6 | 60.5 | 95.8 | +0.2 |
| Apr 26, 2026 | 46.5 | 33.5 | 31.0 | 35.2 | 60.5 | 95.4 | 0.0 |
| Apr 25, 2026 | 46.5 | 33.5 | 31.0 | 35.0 | 60.5 | 95.5 | +0.1 |
| Apr 19, 2026 | 46.4 | 33.5 | 31.0 | 34.5 | 60.5 | 95.5 | -0.1 |
| Apr 18, 2026 | 46.5 | 33.5 | 31.0 | 34.5 | 60.5 | 95.8 | -0.1 |
THRM — Pillar Breakdown
Quality
— 35.3/100 (25%)Gentherm Incorporated has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 35.6/100 (20%)Gentherm Incorporated shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 63.3/100 (15%)Gentherm Incorporated maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 90.9/100 (15%)Gentherm Incorporated appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 31/100 (25%)Gentherm Incorporated operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for THRM.
Score Composition
Financial Data
More Stock Analysis
How is the THRM UQS Score Calculated?
The UQS (Unified Quality Score) for Gentherm Incorporated is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Gentherm Incorporated's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Gentherm Incorporated is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.