GENERAC HOLDINGS INC. GNRC

Industrials SIC 3621 - Motors & Generators NAICS Manufacturing › Electrical Equipment, Appliance, and Component Manufacturing › Electrical Equipment Manufacturing › Motor and Generator Manufacturing derived NYSE

Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. Generac provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products and services serving the residential, commercial, data center, telecom, rental, and industrial markets. The Company's broad portfolio of energy technology offerings for homes and businesses enables its mission to Power a Smarter World and lead the evolution to more resilient, efficient, and innovative energy solutions.

We have a long history of providing power generation products across a variety of applications, and we maintain one of the leading positions in the North American market for power equipment with an expanding presence internationally. We believe we have one of the widest ranges of products in the power generation marketplace, including residential, commercial, and industrial standby generators, as well as portable and mobile generators used in a variety of applications. The recent introduction of our large-megawatt diesel generator line-up has substantially increased our served addressable market, allowing us to participate in the supply-constrained data center market which is expected to grow significantly over the coming years due to the mass adoption of artificial intelligence. Over the last few years, we have also been focused on building out ecosystems of energy technology products, solutions, and services for homes and businesses, allowing us to fully integrate our product portfolios together into common platforms and user interfaces and enabling end users to better manage their energy resilience and costs. We have also been leveraging our leading position in the growing market for natural gas fueled generators, which we believe represents a cleaner fuel compared to diesel, to develop solutions for applications beyond standby power, allowing us to participate in multi-purpose microgrid projects for C&I customers. As the traditional centralized utility model evolves over time, we believe that a more decarbonized, digitized, and decentralized grid infrastructure will develop, and our energy technology solutions are uniquely and strategically positioned to participate in this next-generation grid.

Last close 186.92 2026-10-23
Market cap $11.03B 2026-06-30 share count
52-week range 134.80 - 296.44

Valuation FY2025 figures against the last close

P/S2.6x
P/E69.5x
P/FCF41.1x
EV/EBITDA24.6x
Dividend yield0.0%
Diluted EPS2.69

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Domestic
  • International
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Domestic, FY2025: 3.5B (82.5%) 82% Domestic International, FY2025: 738.2M (17.5%) 18% International FY2024 Domestic, FY2024: 3.6B (83.8%) 84% International, FY2024: 696.7M (16.2%) 16% FY2023 Domestic, FY2023: 3.3B (81.4%) 81% International, FY2023: 746.3M (18.6%) 19%
Segment FY2025FY2024FY2023
Domestic $3.47B $3.60B $3.28B
International $738.2M $696.7M $746.3M

As the company reported it, from the “Note 7 - Segment Reporting - Net Sales by Products and Services (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.21B$4.30B$4.02B$4.56B$3.74B$2.49B$2.20B$2.02B$1.68B$1.45B
Cost of revenue $2.60B$2.63B$2.66B$3.04B$2.38B$1.53B$1.41B$1.30B$1.09B$935.3M
Gross profit $1.61B$1.67B$1.37B$1.52B$1.36B$957.7M$797.8M$725.0M$584.8M$512.4M
R&D $243.5M$219.6M$173.4M$159.8M$104.3M$80.3M$68.4M$50.0M$42.9M$37.2M
SG&A $422.2M$285.1M$253.4M$196.3M$144.3M$118.2M$109.0M$103.8M$87.6M$74.7M
Total operating expenses $1.32B$1.13B$979.2M$955.7M$638.9M$478.5M$425.6M$367.9M$334.2M$309.7M
Operating income $289.2M$536.7M$386.2M$566.3M$721.1M$479.1M$372.2M$357.2M$250.6M$202.8M
Interest expense $70.7M$89.7M$97.6M$54.8M$33.0M$33.0M$41.5M$41.0M$42.7M$44.6M
Pre-tax income $199.1M$409.4M$290.3M$508.5M$691.5M$446.2M$319.6M$311.1M$203.7M$153.7M
Income tax $37.7M$92.5M$73.2M$99.6M$135.0M$99.0M$67.3M$69.9M$44.1M$56.5M
Net income $161.4M$316.9M$217.1M$408.9M$556.6M$350.6M$252.0M$238.3M$157.8M$97.2M
EPS, basic 2.735.463.315.558.515.614.093.572.561.48
EPS, diluted 2.695.393.275.428.305.484.033.542.531.47
Shares, diluted (wtd. avg.) 59.3M60.4M62.1M64.7M64.3M63.7M62.9M62.2M62.6M65.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $341.4M$281.3M$201.0M$132.7M$147.3M$655.1M$322.9M$224.5M$138.5M$67.3M
Receivables $602.7M$612.1M$537.3M$522.5M$546.5M$374.9M$319.5M$326.1M$279.3M$241.9M
Inventory $1.25B$1.03B$1.17B$1.41B$1.09B$603.3M$522.0M$544.8M$387.0M$349.7M
Total current assets $2.46B$2.03B$2.00B$2.18B$1.85B$1.67B$1.20B$1.12B$824.6M$683.5M
Property, plant and equipment $813.6M$690.0M$598.6M$467.6M$440.9M$343.9M$317.0M$278.9M$230.4M$212.8M
Goodwill $1.47B$1.44B$1.43B$1.40B$1.41B$855.2M$805.3M$764.7M$721.5M$704.6M
Other intangibles $675.3M$758.5M$846.1M$930.7M$1.04B$292.0M$297.7M$246.5M$235.8M$255.2M
Total assets $5.57B$5.11B$5.09B$5.17B$4.88B$3.24B$2.67B$2.43B$2.03B$1.87B
Accounts payable $436.6M$458.7M$340.7M$446.1M$674.2M$330.2M$262.0M$328.1M$233.6M$181.5M
Short-term debt $12.7M$60.8M$42.1M$10.1M$1.7M$1.8M$553.0K$1.1M$936.0K$14.4M
Total current liabilities $1.22B$1.03B$880.8M$992.0M$1.16B$641.5M$497.1M$560.7M$396.4M$341.9M
Long-term debt $1.19B$1.21B$1.43B$1.37B$882.1M$834.0M$832.2M$900.8M$935.1M$1.0M
Total liabilities $2.93B$2.61B$2.74B$2.80B$2.61B$1.78B$1.57B$1.60B$1.43B$1.43B
Retained earnings $3.00B$2.84B$2.52B$2.32B$1.97B$1.43B$1.08B$831.1M$610.8M$456.1M
Total equity $2.63B$2.49B$2.34B$2.26B$2.21B$1.39B$1.03B$761.3M$554.3M$397.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $438.0M$741.3M$521.7M$58.5M$411.2M$486.5M$308.9M$247.2M$257.3M$241.1M
Depreciation and amortisation $194.8M$171.8M$166.6M$156.1M$92.0M$68.8M$60.8M$47.4M$52.0M$54.4M
Stock-based compensation $49.9M$49.2M$35.5M$29.5M$24.0M$20.9M$16.7M$14.6M$10.2M$9.5M
Capital expenditure $169.8M$136.7M$129.1M$86.2M$110.0M$62.1M$60.8M$47.6M$33.3M$30.5M
Investing cash flow -$172.9M-$208.7M-$178.1M-$134.2M-$817.3M-$124.1M-$170.1M-$108.9M-$28.1M-$93.5M
Financing cash flow -$212.7M-$448.8M-$277.1M$64.0M-$103.0M-$30.4M-$41.9M-$52.0M-$160.1M-$195.7M
Dividends paid $293.0K$273.0K$0$309.0K$0$0$285.0K$314.0K$0$76.0K
Buybacks $147.9M$152.7M$251.5M$345.8M$126.0M$0$0$25.7M$30.0M$149.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-051499.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.4B Gross profit, FY2016: 512.4M Net income, FY2016: 97.2M Revenue, FY2017: 1.7B Gross profit, FY2017: 584.8M Net income, FY2017: 157.8M Revenue, FY2018: 2B Gross profit, FY2018: 725M Net income, FY2018: 238.3M Revenue, FY2019: 2.2B Gross profit, FY2019: 797.8M Net income, FY2019: 252M Revenue, FY2020: 2.5B Gross profit, FY2020: 957.7M Net income, FY2020: 350.6M Revenue, FY2021: 3.7B Gross profit, FY2021: 1.4B Net income, FY2021: 556.6M Revenue, FY2022: 4.6B Gross profit, FY2022: 1.5B Net income, FY2022: 408.9M Revenue, FY2023: 4B Gross profit, FY2023: 1.4B Net income, FY2023: 217.1M Revenue, FY2024: 4.3B Gross profit, FY2024: 1.7B Net income, FY2024: 316.9M Revenue, FY2025: 4.2B Gross profit, FY2025: 1.6B Net income, FY2025: 161.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.45B $1.68B $2.02B $2.20B $2.49B $3.74B $4.56B $4.02B $4.30B $4.21B
Gross profit $512.4M $584.8M $725.0M $797.8M $957.7M $1.36B $1.52B $1.37B $1.67B $1.61B
Net income $97.2M $157.8M $238.3M $252.0M $350.6M $556.6M $408.9M $217.1M $316.9M $161.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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