NYSE : GNRC
Generac Holdings Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 203.36 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.00B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Generac Holdings Inc. (GNRC) reported revenue of 4.62B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.62B | 4.21B | 4.30B | 4.02B | 4.56B | 3.74B |
| Cost of Revenue | 2.77B | 2.60B | 2.63B | 2.66B | 3.04B | 2.38B |
| Gross Profit | 1.84B | 1.61B | 1.67B | 1.37B | 1.52B | 1.36B |
| Selling, General & Admin | 996.68M | 977.57M | 811.54M | 701.60M | 692.58M | 463.29M |
| Research & Development | 253.28M | 243.47M | 219.60M | 173.44M | 159.77M | 104.30M |
| Amortization of Goodwill & Intangibles | 115.22M | 101.51M | 97.74M | 104.19M | 103.32M | 49.89M |
| Operating Expenses | 1.37B | 1.32B | 1.13B | 979.23M | 955.67M | 617.48M |
| Operating Income | 478.99M | 289.19M | 536.74M | 386.20M | 566.33M | 742.60M |
| Interest Expense | -65.42M | -70.70M | -89.71M | -97.63M | -54.83M | -32.95M |
| Interest & Investment Income | 10.77M | 7.67M | 7.61M | 4.27M | 1.13M | 1.42M |
| Other Non Operating Income (Expenses) | -5.60M | -5.27M | -2.33M | -2.54M | -424.00K | 2.76M |
| EBT Excluding Unusual Items | 418.74M | 220.90M | 452.31M | 290.30M | 512.21M | 713.82M |
| Merger & Restructuring Charges | -21.46M | |||||
| Gain (Loss) on Sale of Investments | -1.95M | -20.61M | -38.01M | |||
| Other Unusual Items | -1.23M | -4.86M | -3.74M | -831.00K | ||
| Pretax Income | 401.97M | 199.06M | 409.44M | 290.30M | 508.47M | 691.53M |
| Income Tax Expense | 100.83M | 37.71M | 92.46M | 73.18M | 99.60M | 134.96M |
| Earnings From Continuing Operations | 301.14M | 161.35M | 316.98M | 217.12M | 408.87M | 556.57M |
| Minority Interest in Earnings | 121.00K | -1.80M | -663.00K | -2.51M | -9.37M | -6.08M |
| Net Income | 301.26M | 159.55M | 316.31M | 214.61M | 399.50M | 550.49M |
| Preferred Dividends & Other Adjustments | -8.94M | 11.52M | 49.23M | 17.10M | ||
| Net Income to Common | 301.26M | 159.55M | 325.26M | 203.09M | 350.27M | 533.39M |
| Shares Outstanding (Basic) | 58.59M | 58.52M | 59.56M | 61.27M | 63.12M | 62.69M |
| Shares Outstanding (Diluted) | 59.41M | 59.28M | 60.35M | 62.06M | 64.68M | 64.25M |
| EPS (Basic) | 5.14 | 2.73 | 5.46 | 3.31 | 5.55 | 8.51 |
| EPS (Diluted) | 5.08 | 2.69 | 5.39 | 3.27 | 5.42 | 8.30 |
| Free Cash Flow | 414.49M | 268.13M | 604.57M | 392.61M | -27.67M | 301.16M |
| Free Cash Flow Per Share | 6.98 | 4.52 | 10.02 | 6.33 | -0.43 | 4.69 |
| Gross Margin | 39.92% | 38.29% | 38.77% | 33.94% | 33.34% | 36.39% |
| Operating Margin | 10.37% | 6.87% | 12.49% | 9.60% | 12.41% | 19.87% |
| Profit Margin | 6.52% | 3.79% | 7.57% | 5.05% | 7.67% | 14.27% |
| Free Cash Flow Margin | 8.97% | 6.37% | 14.07% | 9.76% | -0.61% | 8.06% |
| EBITDA | 701.83M | 484.03M | 708.51M | 552.80M | 722.47M | 834.64M |
| EBITDA Margin | 15.19% | 11.50% | 16.49% | 13.74% | 15.83% | 22.33% |
| D&A For EBITDA | 222.83M | 194.84M | 171.77M | 166.60M | 156.14M | 92.04M |
| EBIT | 478.99M | 289.19M | 536.74M | 386.20M | 566.33M | 742.60M |
| EBIT Margin | 10.37% | 6.87% | 12.49% | 9.60% | 12.41% | 19.87% |
| Effective Tax Rate | 25.08% | 18.94% | 22.58% | 25.21% | 19.59% | 19.52% |
| Advertising Expenses | 123.20M | 116.55M | 118.30M | 100.59M | 66.66M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 393.67M | 341.41M | 281.28M | 200.99M | 132.72M | 147.34M |
| Cash & Short-Term Investments | 393.67M | 341.41M | 281.28M | 200.99M | 132.72M | 147.34M |
| Receivables | 846.04M | 602.74M | 612.11M | 537.32M | 522.46M | 546.47M |
| Inventory | 1.29B | 1.25B | 1.03B | 1.17B | 1.41B | 1.09B |
| Prepaid Expenses | 263.67M | 269.46M | 107.14M | 91.90M | 121.78M | 64.95M |
| Total Current Assets | 2.80B | 2.46B | 2.03B | 2.00B | 2.18B | 1.85B |
| Property, Plant & Equipment | 1.01B | 864.86M | 748.02M | 669.51M | 567.69M | 542.12M |
| Long-Term Investments | 15.73M | 47.44M | 38.60M | 49.28M | ||
| Goodwill | 1.65B | 1.47B | 1.44B | 1.43B | 1.40B | 1.41B |
| Other Intangible Assets | 673.28M | 675.27M | 758.52M | 846.08M | 930.71M | 1.04B |
| Long-Term Deferred Tax Assets | 6.23M | 41.95M | 24.13M | 15.53M | 12.75M | 15.74M |
| Long-Term Deferred Charges | 24.31M | 17.14M | 10.15M | 9.20M | 8.48M | |
| Other Long-Term Assets | 21.99M | 45.64M | 83.36M | 16.61M | 12.14M | |
| Total Assets | 6.14B | 5.57B | 5.11B | 5.09B | 5.17B | 4.88B |
| Accounts Payable | 629.43M | 436.58M | 458.69M | 340.72M | 446.05M | 674.21M |
| Accrued Expenses | 638.87M | 491.76M | 251.67M | 270.33M | 251.46M | 204.52M |
| Short-Term Debt | 53.13M | 50.62M | 55.85M | 81.77M | 48.99M | 72.03M |
| Current Portion of Long-Term Debt | 36.74M | 12.73M | 60.75M | 42.11M | 10.08M | 1.72M |
| Current Portion of Leases | 25.19M | 36.16M | 33.17M | 32.98M | 27.76M | |
| Current Unearned Revenue | 153.75M | 113.90M | 47.38M | 63.84M | 47.94M | |
| Other Current Liabilities | 58.82M | 44.72M | 56.13M | 65.30M | 138.64M | 127.72M |
| Total Current Liabilities | 1.42B | 1.22B | 1.03B | 880.77M | 992.04M | 1.16B |
| Long-Term Debt | 1.24B | 1.18B | 1.15B | 1.38B | 1.34B | 867.12M |
| Long-Term Leases | 176.36M | 117.60M | 88.68M | 112.28M | 98.32M | 115.34M |
| Long-Term Unearned Revenue | 238.36M | 232.92M | 193.26M | 167.01M | 143.73M | 91.09M |
| Long-Term Deferred Tax Liabilities | 50.43M | 60.91M | 33.19M | 90.01M | 125.69M | 205.96M |
| Other Long-Term Liabilities | 129.05M | 112.34M | 113.59M | 95.64M | 170.22M | |
| Total Liabilities | 3.13B | 2.93B | 2.61B | 2.74B | 2.80B | 2.61B |
| Common Stock | 742.00K | 741.00K | 738.00K | 733.00K | 728.00K | 725.00K |
| Additional Paid-In Capital | 1.25B | 1.19B | 1.13B | 1.07B | 1.02B | 952.94M |
| Retained Earnings | 3.33B | 3.00B | 2.84B | 2.52B | 2.32B | 1.97B |
| Treasury Stock | -1.34B | -1.36B | -1.20B | -1.03B | -808.49M | -448.98M |
| Comprehensive Income & Other | -225.56M | -201.24M | -287.51M | -217.26M | -267.22M | -256.87M |
| Total Common Equity | 3.01B | 2.63B | 2.49B | 2.34B | 2.26B | 2.21B |
| Minority Interest | 100.00K | 6.62M | 3.17M | 9.37M | 112.34M | 58.36M |
| Shareholders' Equity | 3.01B | 2.64B | 2.50B | 2.35B | 2.37B | 2.27B |
| Total Liabilities & Equity | 6.14B | 5.57B | 5.11B | 5.09B | 5.17B | 4.88B |
| Total Debt | 1.51B | 1.38B | 1.39B | 1.65B | 1.53B | 1.08B |
| Net Cash (Debt) | -1.12B | -1.04B | -1.11B | -1.45B | -1.40B | -936.64M |
| Net Cash Per Share | -18.79 | -17.60 | -18.42 | -23.34 | -21.67 | -14.58 |
| Filing Date Shares Outstanding | 58.99M | 58.68M | 59.61M | 60.27M | 61.89M | 63.78M |
| Total Common Shares Outstanding | 58.99M | 58.68M | 59.61M | 60.14M | 61.42M | 63.72M |
| Working Capital | 1.38B | 1.25B | 999.02M | 1.12B | 1.19B | 692.56M |
| Book Value Per Share | 51.06 | 44.86 | 41.84 | 38.91 | 36.76 | 34.74 |
| Tangible Book Value | 689.87M | 490.06M | 299.50M | 61.79M | -74.21M | -237.06M |
| Tangible Book Value Per Share | 11.70 | 8.35 | 5.02 | 1.03 | -1.21 | -3.72 |
| Land | 31.94M | 30.22M | 22.56M | 22.59M | 26.14M | |
| Buildings | 444.17M | 358.06M | 298.48M | 243.55M | 244.27M | |
| Machinery | 710.62M | 571.98M | 514.89M | 424.91M | 350.86M | |
| Construction In Progress | 86.12M | 110.65M | 98.08M | 52.52M | 47.60M | |
| Leasehold Improvements | 10.67M | 9.78M | 8.77M | 6.85M | 5.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 301.26M | 159.55M | 316.31M | 214.61M | 399.50M | 550.49M |
| Depreciation & Amortization | 222.83M | 194.84M | 171.77M | 166.60M | 156.14M | 92.04M |
| Other Amortization | 2.18M | 2.38M | 3.24M | 3.88M | 3.23M | 2.59M |
| Loss (Gain) From Sale of Assets | 17.83M | 3.22M | 138.00K | -285.00K | -592.00K | -4.39M |
| Loss (Gain) From Sale of Investments | 1.95M | 20.61M | 38.01M | |||
| Stock-Based Compensation | 51.33M | 49.95M | 49.25M | 35.49M | 29.48M | 23.95M |
| Other Operating Activities | 11.36M | 20.96M | -49.31M | -26.04M | -64.02M | 5.02M |
| Change in Accounts Receivable | -164.06M | 45.64M | -82.82M | -18.27M | 6.55M | -131.86M |
| Change in Inventory | 69.69M | -163.12M | 122.95M | 262.67M | -319.27M | -470.99M |
| Change in Accounts Payable | 7.79M | -40.70M | 123.57M | -120.90M | -223.03M | 297.32M |
| Change in Other Net Operating Assets | 81.64M | 145.06M | 53.26M | 4.89M | 87.43M | 46.98M |
| Operating Cash Flow | 600.74M | 437.98M | 741.30M | 521.67M | 58.52M | 411.16M |
| Capital Expenditures | -186.25M | -169.85M | -136.73M | -129.06M | -86.19M | -109.99M |
| Sale of Property, Plant & Equipment | 3.07M | 3.08M | 211.00K | 2.90M | 2.08M | 259.00K |
| Cash Acquisitions | -212.49M | -762.00K | -34.74M | -15.97M | -25.07M | -713.47M |
| Investment in Securities | 2.17M | -3.04M | -37.45M | -39.22M | -28.62M | 1.31M |
| Other Investing Activities | -2.33M | -2.33M | ||||
| Investing Cash Flow | -370.17M | -172.90M | -208.71M | -178.06M | -134.23M | -817.29M |
| Short-Term Debt Issued | 36.40M | 29.22M | 64.26M | 248.21M | 272.82M | |
| Long-Term Debt Issued | 132.83M | 541.48M | 348.83M | 1.03B | 150.09M | |
| Total Debt Issued | 121.95M | 169.23M | 570.69M | 413.08M | 1.27B | 422.91M |
| Short-Term Debt Repaid | -48.21M | -54.55M | -37.10M | -268.13M | -239.11M | |
| Long-Term Debt Repaid | -168.50M | -794.60M | -288.70M | -542.19M | -108.56M | |
| Total Debt Repaid | -224.92M | -216.71M | -849.15M | -325.80M | -810.32M | -347.67M |
| Net Debt Issued (Repaid) | -102.97M | -47.49M | -278.45M | 87.28M | 464.17M | 75.24M |
| Issuance of Common Stock | 11.17M | 4.86M | 27.56M | 7.82M | 13.79M | 38.79M |
| Repurchase of Common Stock | -40.81M | -162.20M | -177.51M | -262.41M | -386.76M | -184.90M |
| Other Financing Activities | -4.26M | -7.89M | -20.43M | -109.82M | -27.15M | -32.10M |
| Financing Cash Flow | -136.88M | -212.72M | -448.83M | -277.14M | 64.04M | -102.97M |
| Foreign Exchange Rate Adjustments | -34.00K | 7.78M | -3.47M | 1.80M | -2.94M | 1.31M |
| Net Cash Flow | 93.66M | 60.14M | 80.28M | 68.27M | -14.62M | -507.79M |
| Free Cash Flow | 414.49M | 268.13M | 604.57M | 392.61M | -27.67M | 301.16M |
| Free Cash Flow Margin | 8.97% | 6.37% | 14.07% | 9.76% | -0.61% | 8.06% |
| Free Cash Flow Per Share | 6.98 | 4.52 | 10.02 | 6.33 | -0.43 | 4.69 |
| Levered Free Cash Flow | 393.98M | 91.86M | 571.39M | 335.78M | -78.66M | 240.67M |
| Unlevered Free Cash Flow | 432.69M | 133.67M | 624.21M | 392.91M | -47.63M | 258.68M |
| Cash Interest Paid | 75.87M | 75.87M | 89.42M | 84.03M | 48.91M | 27.84M |
| Cash Income Tax Paid | 89.42M | 89.42M | 148.83M | 100.08M | 150.89M | 156.73M |
| Change in Working Capital | -4.93M | -13.12M | 216.96M | 128.39M | -448.32M | -258.55M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.68B | 8.00B | 9.23B | 7.94B | 6.38B | 22.20B |
| Enterprise Value | 12.79B | 9.20B | 10.64B | 9.43B | 7.72B | 22.85B |
| Last Close Price | 197.93 | 136.37 | 155.05 | 129.24 | 100.66 | 351.92 |
| PE Ratio | 38.99 | 50.16 | 28.36 | 39.09 | 18.21 | 41.62 |
| Forward PE | 16.18 | 18.24 | 18.72 | 17.94 | 14.40 | 32.10 |
| PS Ratio | 2.53 | 1.90 | 2.15 | 1.97 | 1.40 | 5.94 |
| PB Ratio | 3.88 | 3.03 | 3.69 | 3.38 | 2.69 | 9.77 |
| P/TBV Ratio | 16.92 | 16.33 | 30.80 | 128.49 | ||
| P/FCF Ratio | 28.17 | 29.85 | 15.26 | 20.22 | 73.72 | |
| P/OCF Ratio | 19.44 | 18.27 | 12.44 | 15.22 | 108.99 | 54.00 |
| PEG Ratio | 1.35 | 1.18 | 2.67 | 1.79 | 1.49 | 2.29 |
| EV/Sales Ratio | 2.77 | 2.19 | 2.48 | 2.34 | 1.69 | 6.12 |
| EV/EBITDA Ratio | 18.23 | 19.00 | 15.01 | 17.06 | 10.69 | 27.38 |
| EV/EBIT Ratio | 26.71 | 31.80 | 19.82 | 24.42 | 13.64 | 30.77 |
| EV/FCF Ratio | 30.86 | 34.30 | 17.60 | 24.02 | 75.88 | |
| Debt / Equity Ratio | 0.50 | 0.53 | 0.56 | 0.70 | 0.65 | 0.48 |
| Debt / EBITDA Ratio | 2.11 | 2.70 | 1.84 | 2.79 | 2.02 | 1.26 |
| Debt / FCF Ratio | 3.64 | 5.17 | 2.30 | 4.20 | 3.60 | |
| Net Debt / Equity Ratio | 0.37 | 0.40 | 0.45 | 0.62 | 0.59 | 0.41 |
| Net Debt / EBITDA Ratio | 1.59 | 2.16 | 1.57 | 2.62 | 1.94 | 1.12 |
| Net Debt / FCF Ratio | 2.69 | 3.89 | 1.84 | 3.69 | -50.66 | 3.11 |
| Asset Turnover | 0.79 | 0.79 | 0.84 | 0.78 | 0.91 | 0.92 |
| Inventory Turnover | 2.12 | 2.28 | 2.39 | 2.07 | 2.44 | 2.81 |
| Quick Ratio | 0.88 | 0.78 | 0.86 | 0.84 | 0.66 | 0.60 |
| Current Ratio | 1.97 | 2.03 | 1.97 | 2.27 | 2.20 | 1.60 |
| Return on Equity (ROE) | 10.64% | 6.28% | 13.08% | 9.20% | 17.62% | 29.85% |
| Return on Assets (ROA) | 5.10% | 3.38% | 6.58% | 4.70% | 7.05% | 11.44% |
| Return on Invested Capital (ROIC) | 8.81% | 6.43% | 11.22% | 7.63% | 13.05% | 24.10% |
| Return on Capital Employed (ROCE) | 10.10% | 6.60% | 13.20% | 9.20% | 13.60% | 20.00% |
| Earnings Yield | 2.56% | 1.99% | 3.43% | 2.70% | 6.26% | 2.48% |
| FCF Yield | 3.55% | 3.35% | 6.55% | 4.95% | -0.43% | 1.36% |
| Buyback Yield / Dilution | 0.12% | 1.78% | 2.75% | 4.06% | -0.67% | -0.81% |