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GNRC

Generac Holdings Inc.

GNRC

Generac Holdings Inc. • NYSE
$151.63 ▲ 1.89% (+2.81)
Market Cap $8.90 B
52w High $203.25
52w Low $99.50
Dividend Yield 0%
P/E 28.88
Volume 290.61K
Outstanding Shares 58.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.114B ▲ $323.843M ▲ $66.161M ▼ 5.937% ▼ $1.14 ▼ $146.01M ▼
Q2-2025 $1.061B ▲ $304.96M ▲ $74.016M ▲ 6.975% ▲ $1.27 ▲ $156.415M ▲
Q1-2025 $942.121M ▼ $288.348M ▼ $43.84M ▼ 4.653% ▼ $0.74 ▼ $121.765M ▼
Q4-2024 $1.235B ▲ $303.403M ▼ $128.853M ▲ 10.435% ▲ $2.18 ▲ $208.719M ▼
Q3-2024 $1.174B $303.645M $113.742M 9.692% $1.91 $213.293M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $300.009M ▲ $5.598B ▲ $2.948B ▲ $2.644B ▲
Q2-2025 $223.531M ▲ $5.389B ▲ $2.814B ▲ $2.571B ▲
Q1-2025 $187.464M ▼ $5.06B ▼ $2.587B ▼ $2.469B ▼
Q4-2024 $281.277M ▲ $5.109B ▼ $2.612B ▼ $2.494B ▲
Q3-2024 $214.177M $5.187B $2.774B $2.409B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $66.161M ▼ $118.378M ▲ $-21.246M ▲ $-20.955M ▼ $76.478M ▲ $96.497M ▼
Q2-2025 $74.43M ▲ $72.189M ▲ $-59.769M ▼ $18.401M ▲ $36.067M ▲ $103.126M ▲
Q1-2025 $44.278M ▼ $58.152M ▼ $-33.539M ▲ $-119.719M ▲ $-93.813M ▼ $27.215M ▼
Q4-2024 $117.669M ▲ $339.454M ▲ $-66.926M ▲ $-202.268M ▼ $67.1M ▲ $286.12M ▲
Q3-2024 $113.742M $212.285M $-67.762M $-150.058M $-4.14M $267.057M

Five-Year Company Overview

Income Statement

Income Statement Generac’s sales have grown meaningfully over the last five years, though they have been a bit bumpy. Revenue surged through 2021, dipped as demand normalized in 2023, and then recovered again in 2024. Profitability is solid but not at the peak levels seen a few years ago. Operating and net income show that the company can earn healthy profits, yet earnings have been more volatile recently, reflecting shifting demand, cost pressures, and investment in new areas. Overall, the income statement suggests a mature but still growing business that has come off a boom period and is now stabilizing at a lower, but still respectable, profit level.

Balance Sheet

Balance Sheet The balance sheet looks generally sound. Total assets have edged up steadily, showing measured growth rather than aggressive expansion. Debt increased earlier in the period but has been worked down more recently, which reduces financial risk. Equity has grown consistently, indicating that the company is retaining earnings and strengthening its capital base. Cash balances are not large but have improved from the low point a few years ago. In simple terms, Generac appears reasonably well-capitalized, with leverage that is manageable and moving in a healthier direction.

Cash Flow

Cash Flow Cash generation has improved noticeably in the last two years. Operating cash flow was weak during the peak-disruption period but has rebounded strongly as working capital normalized and profitability stabilized. Capital spending has been relatively modest and steady, allowing most of the operating cash flow to fall through to free cash flow. The one year of slightly negative free cash flow now looks more like a temporary air pocket tied to investment and inventory swings rather than a structural issue. Recent trends suggest the business is again converting earnings into cash at a healthy rate, which gives management flexibility for debt reduction, reinvestment, or other uses.

Competitive Edge

Competitive Edge Generac holds a very strong position in its core market of residential standby generators, with a well-known brand and an extensive dealer and installer network that is hard for new entrants to match. Its scale, reputation for reliability, and deep relationships with contractors and homeowners give it a durable edge in North America. At the same time, the company is pushing into adjacent areas like energy storage, smart home energy management, and larger industrial and data center solutions. These moves expand its opportunity but also bring it into more direct competition with large diversified industrials and pure-play clean energy firms. The moat in home backup power is robust; in newer segments, the moat is still being built and will depend on execution and technology leadership.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Generac has developed its own purpose-built engines, advanced power electronics, and control systems that help differentiate its generators on reliability, power quality, and ease of integration. On the residential side, features like remote monitoring, intelligent load management, and quieter operation speak directly to customer pain points. The company is also investing heavily in clean energy and software: solar-plus-storage systems, home energy management tools, and platforms that can connect its devices to the grid as virtual power plants. Expansion into high-capacity generators for data centers and the creation of a dedicated engineering center for batteries and power electronics indicate a long-term bet on energy technology, not just mechanical hardware. The opportunity is significant, but it requires sustained R&D spending and careful product execution in markets that evolve quickly.

Summary

Generac today is more than a traditional generator maker: it is a profitable, cash-generative industrial company using its strong core franchise in backup power as a springboard into broader energy technology. Financially, it moved from a boom period, through a digestion phase with margin pressure and weaker cash flow, and now appears to be on firmer footing again with improving cash generation and a gradually de-risked balance sheet. Strategically, its entrenched position in home standby power provides a solid base, while new initiatives in clean energy, grid services, and data centers offer growth avenues but also introduce new competitive and execution risks. Overall, the story is one of a strong core business being used to fund a transition toward the future of distributed and smarter energy, with the usual uncertainties that come with such a shift.

NEWS

November 11, 2025 · 7:00 AM UTC

As Cold Weather Looms, Generac Urges Homeowners to Prepare for Power Outages

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October 29, 2025 · 6:00 AM UTC

Generac Reports Third Quarter 2025 Results

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October 15, 2025 · 6:00 AM UTC

Generac Announces Third Quarter 2025 Earnings Release Date and Conference Call

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September 18, 2025 · 7:00 AM UTC

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