• Gentex average net profit margin for 2023 was 17.59%, a 1.68% increase from 2022.
• Gentex average net profit margin for 2022 was 17.89%, a 18.76% decline from 2021.
• Gentex average net profit margin for 2021 was 22.02%, a 9.61% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.