Generac Holdings Inc. (GNRC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.01	$2.91	+44.8%	—	$1.2B	—
Q1 26	$1.33	$1.8	+35.3%	—	$1.1B	—
Q4 25	$1.77	$1.61	-9.0%	—	$1.1B	—
Q3 25	$2.2	$1.83	-16.8%	—	$1.1B	—
Q2 25	$1.32	$1.65	+25.0%	—	$1.1B	—
Q1 25	$0.97	$1.26	+29.9%	—	$942.1M	—
Q4 24	$2.53	$2.8	+10.7%	—	$1.2B	—
Q3 24	$1.95	$2.25	+15.4%	—	$1.2B	—
Q2 24	$1.2	$1.35	+12.5%	—	$998.2M	—
Q1 24	$0.71	$0.88	+23.9%	—	$889.3M	—
Q4 23	$2.09	$2.07	-1.0%	—	$1.1B	—
Q3 23	$1.51	$1.64	+8.6%	—	$1.1B	—
Q2 23	$1.18	$1.08	-8.5%	—	$1B	—
Q1 23	$0.5	$0.63	+26.0%	—	$887.9M	—
Q4 22	$1.75	$1.78	+1.7%	—	$1B	—
Q3 22	$1.82	$1.75	-3.8%	—	$1.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.73	—	—	$4.2B	—
FY24	—	$5.46	—	—	$4.3B	—
FY23	—	$3.31	—	—	$4B	—
FY22	—	$5.55	—	—	$4.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.4B	$1.7B	$2B	$2.2B	$2.5B	$3.7B	$4.6B	$4B	$4.3B	$4.2B
YoY change	+9.9%	+16%	+20.5%	+8.94%	+12.7%	+50.4%	+22.1%	-11.9%	+6.79%	-2.02%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.4B	1.7B	2B	2.2B	2.5B	3.7B	4.6B	4B	4.3B	4.2B
Cost of revenue	935.3M	1.1B	1.3B	1.4B	1.5B	2.4B	3B	2.7B	2.6B	2.6B
Gross profit	512.4M	584.8M	725M	797.8M	957.7M	1.4B	1.5B	1.4B	1.7B	1.6B
Gross margin	35.4%	34.8%	35.8%	36.2%	38.5%	36.4%	33.3%	33.9%	38.8%	38.3%
Research & development	37.2M	42.9M	50M	68.4M	80.3M	104.3M	159.8M	173.4M	219.6M	243.5M
Selling, general & administrative	239.6M	262.4M	295.7M	326.7M	364.6M	463.3M	691.1M	701.1M	811.5M	977.6M
Operating expenses	276.7M	305.3M	345.7M	395.1M	444.9M	567.6M	850.9M	874.6M	1B	1.2B
Operating income	202.8M	250.6M	357.2M	374M	480.5M	742.6M	567.8M	386.7M	536.7M	289.2M
Operating margin	14%	14.9%	17.7%	17%	19.3%	19.9%	12.4%	9.61%	12.5%	6.87%
Non-operating income, net	-1.5M	-4.3M	-5.1M	-12.9M	-1.3M	-18.1M	-4.5M	1.3M	-37.6M	-19.4M
Pretax income	153.7M	203.7M	311.1M	319.6M	446.2M	691.5M	508.5M	290.3M	409.4M	199.1M
Income tax	56.5M	44.1M	69.9M	67.3M	99M	135M	99.6M	73.2M	92.5M	37.7M
Net income	97.2M	159.6M	241.2M	252.3M	347.2M	556.6M	408.9M	217.1M	317M	161.4M
Net margin	6.71%	9.5%	11.9%	11.4%	14%	14.9%	8.96%	5.4%	7.38%	3.83%
EBITDA	253.2M	298.1M	398.9M	422.1M	547.2M	837.4M	723.5M	550.7M	706.2M	478.8M
EPS	1.51	2.58	3.57	4.09	5.61	8.51	5.55	3.31	5.46	2.73
Diluted EPS	1.5	2.56	3.54	4.03	5.48	8.3	5.42	3.27	5.39	2.69

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.1B	1.1B	889.3M	998.2M	1.2B	1.2B	942.1M	1.1B	1.1B	1.1B	1.1B	1.2B
Cost of revenue	694.9M	674.9M	572.9M	622.6M	701.3M	733.4M	570.1M	644.4M	687.4M	695.4M	649.1M	651.7M
Gross profit	375.8M	388.7M	316.4M	375.6M	472.3M	501.4M	372M	416.7M	426.9M	396.1M	410.2M	521.8M
Gross margin	35.1%	36.5%	35.6%	37.6%	40.2%	40.6%	39.5%	39.3%	38.3%	36.3%	38.7%	44.5%
Research & development	43.3M	44.4M	49.4M	54M	56.9M	59.3M	62M	60.4M	60.1M	61M	62.7M	65.8M
Selling, general & administrative	201M	167.7M	175.3M	193.5M	222.6M	220.1M	200.8M	218.9M	238.9M	319M	199.9M	214.8M
Operating expenses	244.3M	212M	224.8M	247.5M	279.5M	279.4M	262.9M	279.3M	298.9M	380M	262.6M	280.6M
Operating income	104.8M	151.4M	66.9M	103.2M	168.6M	198M	83.6M	111.8M	103.1M	-9.3M	117.3M	210.4M
Operating margin	9.79%	14.2%	7.52%	10.3%	14.4%	16%	8.88%	10.5%	9.25%	-0.85%	11.1%	17.9%
Non-operating income, net	-7K	143K	-4.8M	-1.2M	1.5M	-33.1M	-8M	-3.7M	-6.3M	-1.4M	-5.2M	-3.9M
Pretax income	80.1M	126.8M	38.5M	78.7M	147.2M	145M	58.5M	89.9M	78.3M	-27.6M	96.8M	189.7M
Income tax	19.4M	30M	12M	19.6M	33.5M	27.3M	14.2M	15.4M	11.8M	-3.7M	23.6M	46.7M
Net income	60.6M	96.8M	26.5M	59.1M	113.8M	117.7M	44.3M	74.4M	66.6M	-23.9M	73.1M	143M
Net margin	5.66%	9.1%	2.98%	5.92%	9.7%	9.53%	4.7%	7.01%	5.97%	-2.19%	6.9%	12.2%
EBITDA	146.6M	193M	108.3M	145.2M	211.2M	241.5M	129.5M	156.2M	151.3M	41.8M	167.8M	268.9M
EPS	0.98	1.59	0.39	0.99	1.91	2.18	0.74	1.27	1.14	-0.42	1.25	2.44
Diluted EPS	0.97	1.57	0.39	0.97	1.89	2.15	0.73	1.25	1.12	-0.42	1.24	2.4

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.6B	3.1B	3.1B	6.2B	14.2B	22.1B	6.4B	7.9B	9.2B	8B	12.1B
Enterprise value	3.6B	3.9B	3.8B	6.9B	14.6B	23.2B	7.8B	9.5B	10.4B	9.1B	13.4B
Shares outstanding	64.9M	62M	61.7M	61.9M	62.3M	62.7M	63.1M	61.3M	59.6M	58.5M	58.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.2	19.3	12.7	24.7	40.8	39.6	15.5	36.5	29.1	49.5	47.8
P/S	1.83	1.83	1.51	2.83	5.7	5.9	1.39	1.97	2.15	1.9	2.77
P/B	6.09	5.14	3.73	5.69	9.72	9.71	2.68	3.37	3.7	3.02	4.27
EV/EBITDA	14.3	13	9.44	16.5	26.6	27.7	10.8	17.2	14.8	19.1	21.1
EV/Sales	2.51	2.3	1.86	3.15	5.86	6.22	1.71	2.35	2.43	2.17	3.02
Earnings yield	3.68%	5.19%	7.87%	4.05%	2.45%	2.52%	6.44%	2.74%	3.43%	2.02%	2.09%
FCF yield	7.97%	7.29%	6.51%	3.98%	3%	1.37%	-0.44%	4.96%	6.55%	3.36%	2.38%
PEG	—	—	—	—	—	—	—	—	—	—	0.52

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.4%	34.8%	35.8%	36.2%	38.5%	36.4%	33.3%	33.9%	38.8%	38.3%	44.5%
Operating margin	14%	14.9%	17.7%	17%	19.3%	19.9%	12.4%	9.61%	12.5%	6.87%	17.9%
Net margin	6.71%	9.5%	11.9%	11.4%	14%	14.9%	8.96%	5.4%	7.38%	3.83%	5.82%
ROE	22.4%	26.7%	29.3%	23.1%	23.8%	24.5%	17.3%	9.24%	12.7%	6.11%	9.49%
ROA	5.22%	7.88%	9.94%	9.47%	10.7%	11.4%	7.91%	4.26%	6.2%	2.89%	4.72%
ROIC	9.03%	14.1%	18.2%	16.3%	20%	17.3%	11.9%	7.45%	11.3%	6.18%	7.84%
Return on tangible assets	-167.7%	143.2%	59.7%	54.9%	36.9%	-2.3K%	80.8%	40.5%	44%	12.5%	24.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2	2.08	2	2.41	2.6	1.6	2.2	2.27	1.97	2.03	2.04
Quick ratio	0.98	1.1	1.03	1.36	1.66	0.66	0.78	0.94	0.97	1	1
Debt / equity	2.42	1.55	1.12	0.95	0.73	0.58	0.68	0.74	0.59	0.57	0.49
Debt / assets	0.57	0.46	0.38	0.39	0.33	0.27	0.31	0.34	0.29	0.27	0.26
Net debt / EBITDA	3.89	2.65	1.75	1.7	0.75	1.4	2.03	2.78	1.69	2.42	1.98
Interest coverage	4.45	5.77	8.6	8.69	14.5	22	10.3	3.97	5.56	3.82	5.99
Effective tax rate	36.8%	21.7%	22.5%	21.1%	22.2%	19.5%	19.6%	25.2%	22.6%	18.9%	23.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	22.3	27.1	32.8	35.6	39.9	59.6	72.3	65.7	72.1	71.9	75.9
EPS (basic)	1.51	2.58	3.57	4.09	5.61	8.51	5.55	3.31	5.46	2.73	2.73
EPS (diluted)	1.5	2.56	3.54	4.03	5.48	8.3	5.42	3.27	5.39	2.69	4.35
Book value per share	6.69	9.64	13.3	17.7	23.4	36.2	37.5	38.4	41.9	45.1	48.8
FCF per share	3.25	3.61	3.24	4.01	6.81	4.8	-0.44	6.41	10.2	4.58	6.36
Cash per share	1.04	2.23	3.64	5.21	10.5	2.35	2.1	3.28	4.72	5.83	4.6
Capex per share	0.02	0	0	0	0	0	0.03	0.05	0	2.9	2.83

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.09%	0%	0.01%	0%	0.01%	0.01%	0.05%	0.07%	0%	4.04%	3.8%
Capex / operating cash flow	0.61%	0.04%	0.1%	0.03%	0.04%	0.08%	-7.61%	0.53%	0.03%	38.8%	30.8%
Payout ratio	0.08%	0%	0%	—	—	—	—	—	—	—	0%
Dividend yield	0%	0%	0%	—	—	—	—	—	—	—	9.75%

Yield

9.75%

trailing twelve months

Frequency

Annual

Last dividend

$5.00

ex-dividend Jun 10, 2013

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 10, 2013	$5.00
Jul 2, 2012	$6.00

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.1B	$1.1B	$889.3M	$998.2M	$1.2B	$1.2B	$942.1M	$1.1B	$1.1B	$1.1B	$1.1B	$1.2B
YoY change	-1.62%	+1.38%	+0.15%	-0.22%	+9.61%	+16.1%	+5.94%	+6.31%	-5.05%	-11.6%	+12.4%	+10.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	67.3M	138.5M	224.5M	322.9M	655.1M	147.3M	132.7M	201M	281.3M	341.4M
Receivables	241.9M	279.3M	326.1M	319.5M	374.9M	546.5M	522.5M	537.3M	612.1M	602.7M
Inventory	349.7M	387M	544.8M	522M	603.3M	1.1B	1.4B	1.2B	1B	1.2B
Total current assets	683.5M	824.6M	1.1B	1.2B	1.7B	1.8B	2.2B	2B	2B	2.5B
Property, plant & equipment	90M	98.3M	115.8M	186.8M	218M	318.5M	399.2M	503.1M	500.2M	482.7M
Goodwill & intangibles	1.9B	1.9B	2B	2.2B	2.3B	4.9B	4.7B	4.6B	4.4B	4.3B
Total assets	1.9B	2B	2.4B	2.7B	3.2B	4.9B	5.2B	5.1B	5.1B	5.6B
Accounts payable	181.5M	233.6M	328.1M	262M	330.2M	674.2M	446.1M	340.7M	458.7M	436.6M
Short-term debt	46.2M	22.2M	47.6M	61.1M	43.4M	78M	61.7M	127.7M	123.4M	72.8M
Total current liabilities	341.9M	396.4M	560.7M	497.1M	641.5M	1.2B	992M	880.8M	1B	1.2B
Long-term debt	1B	906.5M	876.4M	978.2M	1B	1.2B	1.5B	1.6B	1.4B	1.4B
Total liabilities	1.4B	1.4B	1.6B	1.6B	1.8B	2.6B	2.8B	2.7B	2.6B	2.9B
Shareholders' equity	434.3M	598.2M	822.3M	1.1B	1.5B	2.3B	2.4B	2.3B	2.5B	2.6B
Total debt	1.1B	928.7M	924M	1B	1.1B	1.3B	1.6B	1.7B	1.5B	1.5B
Net debt	985.6M	790.3M	699.5M	716.4M	410M	1.2B	1.5B	1.5B	1.2B	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	161.5M	201M	249.4M	218.3M	214.2M	281.3M	187.5M	223.5M	300M	341.4M	265.5M	264.9M
Receivables	589.2M	537.3M	520.7M	610.3M	658.6M	612.1M	590.1M	648.7M	680.1M	602.7M	626.6M	669.2M
Inventory	1.3B	1.2B	1.2B	1.2B	1.1B	1B	1.1B	1.3B	1.3B	1.2B	1.3B	1.2B
Total current assets	2.2B	2B	2.1B	2.1B	2.1B	2B	2B	2.2B	2.5B	2.5B	2.4B	2.4B
Property, plant & equipment	445M	503.1M	492.1M	486.2M	526.9M	500.2M	496.8M	438.7M	436.7M	482.7M	466.6M	492.5M
Goodwill & intangibles	4.6B	4.6B	4.5B	4.5B	4.5B	4.4B	4.4B	4.4B	4.3B	4.3B	4.4B	4.7B
Total assets	5.2B	5.1B	5.1B	5.1B	5.2B	5.1B	5.1B	5.4B	5.6B	5.6B	5.6B	5.8B
Accounts payable	394.2M	340.7M	381.4M	406.3M	424.8M	458.7M	439.7M	596.3M	620.7M	436.6M	462.8M	556.1M
Short-term debt	111.7M	127.7M	121.5M	116.8M	164.7M	123.4M	128.8M	129.9M	63.2M	72.8M	70.3M	91.7M
Total current liabilities	900.1M	880.8M	897.9M	912.6M	1B	1B	1B	1.1B	1.1B	1.2B	1.2B	1.2B
Long-term debt	1.6B	1.6B	1.6B	1.6B	1.5B	1.4B	1.3B	1.5B	1.5B	1.4B	1.4B	1.4B
Total liabilities	2.8B	2.7B	2.8B	2.7B	2.8B	2.6B	2.6B	2.8B	2.9B	2.9B	2.9B	2.9B
Shareholders' equity	2.4B	2.3B	2.4B	2.4B	2.4B	2.5B	2.5B	2.6B	2.6B	2.6B	2.7B	2.9B
Total debt	1.7B	1.7B	1.7B	1.7B	1.7B	1.5B	1.5B	1.6B	1.6B	1.5B	1.5B	1.5B
Net debt	1.6B	1.5B	1.5B	1.5B	1.5B	1.2B	1.3B	1.4B	1.3B	1.2B	1.2B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	97.2M	159.6M	241.2M	252.3M	347.2M	556.6M	408.9M	217.1M	317M	161.4M
Depreciation & amortization	54.4M	52M	47.4M	60.9M	68.8M	92M	156.1M	166.6M	171.8M	194.8M
Stock-based compensation	9.5M	10.2M	14.6M	16.7M	20.9M	24M	29.5M	35.5M	49.2M	49.9M
Change in working capital	18.9M	-31M	-117.7M	-37.4M	-62M	-338.2M	-547.9M	146.8M	164.3M	-198.3M
Operating cash flow	222.3M	214.2M	216.3M	317M	405.8M	335.1M	-27.3M	541.3M	645.6M	438M
Capital expenditure	1.4M	82K	214K	95K	179K	259K	2.1M	2.9M	211K	-169.8M
Investing cash flow	-63.1M	5.1M	-61.3M	-109.3M	-62M	-707.3M	-48M	-49M	-72M	-176M
Dividends paid	-76K	0	0	—	—	—	—	—	—	—
Share repurchases	-149.9M	-30M	-25.7M	—	—	-126M	-345.8M	-251.5M	-152.7M	-147.9M
Financing cash flow	-225.1M	-282M	-85.5M	-110.8M	-321.2M	-380.9M	-217.9M	-322.1M	-530.9M	-265.8M
Net change in cash	-65.8M	-62.6M	69.5M	96.9M	22.6M	-753.1M	-293.2M	170.3M	42.7M	-3.8M
Free cash flow	210.7M	224.1M	199.6M	248.1M	424.4M	301.2M	-27.7M	392.6M	604.6M	268.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	66.6M	-23.9M	73.1M	143M
Depreciation & amortization	—	—	—	—	—	—	—	—	49.2M	51.2M	56M	58.4M
Stock-based compensation	—	—	—	—	—	—	—	—	12.8M	10.8M	13.4M	14M
Change in working capital	—	—	—	—	—	—	—	—	-152.3M	16.2M	-5.2M	-33.3M
Operating cash flow	626K	6.5M	2.4M	1.2M	1.9M	3.5M	1.3M	5.4M	118.4M	189.3M	119.3M	121.2M
Capital expenditure	—	—	—	—	—	—	—	—	-21.9M	-59.3M	-29.4M	-58.3M
Investing cash flow	—	—	—	—	—	—	—	—	-20.3M	-60.4M	-153.8M	-123.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	0	0	0	0
Financing cash flow	—	—	—	—	—	—	—	—	-40.3M	-93M	-69.7M	-7M
Net change in cash	626K	6.5M	2.4M	1.2M	1.9M	3.5M	1.3M	5.4M	57.8M	35.9M	-104.1M	-9.4M
Free cash flow	—	—	—	—	—	—	—	—	96.5M	129.9M	89.9M	62.9M

Generac Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement