• Gentex average net profit margin for 2023 was 17.34%, a 2.69% decline from 2022.
• Gentex average net profit margin for 2022 was 17.82%, a 19.07% 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.