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Not Investment Advice

GNRC

NYSE · USD
Generac Holdings Inc.
Industrials · Industrial - Machinery
CEO Aaron Jagdfeld Employees 9,400 R&D / revenue 5.8%
Last price
$192.68−2.88%last session
Market cap
$11.4B
P/E (TTM)
43.7x
From 52w high
−35.0%
From 52w low
+42.9%
1-year return
+0.0%
RSI 14 · vs SMA200
39.8 · −10.9%
IS score
46.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

GNRC   SPY   XLI (sector ETF) · weekly closes
80100120140Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111GNRC 100

Score DNA

Each bar is a 0-100 score within the scored universe
46
Profitability
22
Growth
33
Value
55
Momentum
100
Risk (safety)
73
Quality
62
Balance sheet
75
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Share count rising
Observations
Moat model: Weak, Intangible AssetsPiotroski 6 / 9Altman Z 5.6Beta 1.911 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
22 open-market sales, $6.3M
Form 144 notices (12m): 24, $19.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+131
205 new holders, 64 closed
1,004 filers hold 91.3% · 335 added, 321 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+118
518 funds adding shares
400 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
62.9%
20-day avg 66.6%, 50-day avg 60.3%
Latest 3.7 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$4.2B
Revenue growth YoY−2.0%
Gross margin38.3%
Operating income$289.2M
Operating margin6.9%
Net income$159.6M
Net margin3.8%
EPS (diluted)$2.69
Cash flow
Operating cash flow$438.0M
Capital expenditure$169.8M
Free cash flow$268.1M
FCF conversion (FCF / OCF)61.2%
Stock-based compensation$49.9M
FCF less SBC$218.2M
Buybacks$147.9M
Dividends$293,000
Balance sheet & returns
Cash & short-term investments$341.4M
Total debt$1.3B
Net debt$991.7M
Shareholders' equity$2.6B
Goodwill & intangibles$2.1B
Debt / equity0.53
ROE (TTM)9.5%
ROIC (TTM)6.9%
Operating margin by fiscal year
19.3%FY202112.4%FY20229.6%FY202312.5%FY20246.9%FY2025
Revenue $3.7B (FY2021) to $4.2B (FY2025), a 3.0% CAGR.

Valuation

P/E (TTM)43.7x
EV / EBITDA20.4x
Price / sales2.56x
Price / FCF30.0x
FCF yield3.33%
Buyback yield1.30%
SBC / revenue1.1%
Price / book3.92x
Forward P/E FY202619.9x
Forward P/E FY202715.0x
Forward P/E FY202812.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $299.44 across 18 analysts last quarter is theirs, not ours.

GNRC vs industry median

328 companies in Industrial - Machinery
Gross margin 39.5% 31.0% Operating margin 9.5% 8.4% Net margin 5.8% 6.0% ROIC 6.9% 8.7%
GNRC (TTM)Industry median Asset turnover 0.77 vs industry 0.76 · financial leverage 2.01

Earnings delivery

Next report 2026-10-28 · consensus EPS $2.43
75%
beat rate, 9 of 12 quarters
+13.9%
median EPS surprise
6
longest beat streak
+9-1+22+9+15+12+27+24-19-11+35+45
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-07-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
GNRC Generac Holdings Inc. $11.4B43.7x9.5%5.8%−2.0% +0.0%
CR Crane Company $11.9B35.5x16.5%13.2%+13.8% +13.6%
WTS Watts Water Technologies, In $11.9B31.1x18.8%15.5%+17.1% +29.5%
LII Lennox International Inc. $12.4B16.1x70.5%17.4%−2.1% −31.7%
RRX Regal Rexnord Corporation $10.3B31.6x4.8%7.5%+3.5% +7.1%
DCI Donaldson Company, Inc. $10.2B22.4x28.2%12.2%+5.3% —
GTLS Chart Industries, Inc. $10.0Bn/m-0.9%-1.9%−1.5% —
GGG Graco Inc. $13.3B25.4x21.2%24.5%+4.6% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-09-16Material Agreement; Unregistered Equity Sales; Exhibits
2026-07-29Earnings Release; Exhibits
2026-06-12Shareholder Vote
2026-04-29Earnings Release; Regulation FD; Exhibits
2026-03-25Officer/Director Change; Regulation FD; Exhibits
2026-02-11Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding59,063,900
Free float98.1%
Institutional ownership91.3%
Beta1.91
Dividend yield0.00%
Last dividend$5.00 on 2013-06-10
50 / 200-day average$203.24 / $215.90
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where GNRC sits among 62 scored companies in Industrial - Machinery (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureGNRCIndustry medianIndustry percentileSector median
P/E (TTM) 44.1x 29.1x
87th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 3.26 1.59
72nd		 1.42
Price / sales 2.6x 2.4x
52nd		 2.0x
Price / book 4.0x 3.7x
53rd		 2.9x
Price / tangible book 14.3x 11.7x
59th		 5.6x
Price / free cash flow 30.0x 22.0x
77th		 20.8x
Price / operating cash flow 20.8x 17.8x
66th		 14.5x
Enterprise value $12.6B $7.5B
66th		 $4.8B
EV / sales 2.8x 2.5x
56th		 2.4x
EV / EBITDA 20.4x 16.3x
75th		 13.6x
EV / EBIT 31.2x 21.3x
85th		 19.9x
EV / free cash flow 33.3x 26.6x
77th		 24.3x
Earnings yield 2.3% 3.2%
23rd		 3.3%
FCF yield 3.3% 4.2%
30th		 3.8%
Operating cash flow yield 4.8% 5.4%
38th		 6.2%
Graham number (per share) $68.79 $37.80
69th		 $38.21

Profitability (TTM)

MeasureGNRCIndustry medianIndustry percentileSector median
Gross margin 39.5% 35.6%
67th		 30.5%
EBITDA margin 14.0% 18.4%
36th		 14.3%
Operating margin 9.5% 13.7%
33rd		 9.8%
EBIT margin 9.1% 12.6%
33rd		 9.9%
Net margin 5.8% 8.6%
34th		 6.0%
NOPAT margin 7.3% 10.7%
31st		 7.8%
FCF margin 8.5% 11.2%
33rd		 7.0%
Operating cash flow margin 12.3% 14.1%
38th		 11.2%
R&D / revenue 5.6% 0.0%
95th		 0.0%
SG&A / revenue 21.9% 18.6%
64th		 14.1%
Stock comp / revenue 1.1% 0.6%
82nd		 0.6%
Effective tax rate 23.3% 21.2%
67th		 21.0%

Returns on capital

MeasureGNRCIndustry medianIndustry percentileSector median
ROE (on average equity) 9.5% 12.8%
39th		 11.9%
ROA 4.6% 6.1%
36th		 4.8%
ROIC 7.8% 10.9%
34th		 8.7%
ROCE 8.8% 10.9%
43rd		 9.4%
Return on tangible assets 7.3% 9.0%
41st		 7.9%
Cash ROIC (OCF / invested capital) 13.3% 12.9%
53rd		 12.8%
Gross profitability (GP / assets) 30.4% 24.7%
77th		 19.2%
ROIC, 3-yr average 6.9% 8.6%
32nd		 7.8%
ROIC, 5-yr average 9.4% 11.3%
43rd		 8.6%
ROE, 5-yr average 12.6% 14.1%
44th		 12.5%
Incremental ROIC 20.0% 21.5%
49th		 20.5%

Growth

MeasureGNRCIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 0.6% 7.3%
18th		 8.6%
Revenue growth (QoQ) 10.8% 9.4%
59th		 9.9%
Revenue CAGR, 3 yr 3.3% 3.7%
46th		 5.0%
Revenue CAGR, 5 yr 6.8% 6.2%
56th		 8.3%
Gross profit CAGR, 3 yr 10.4% 6.5%
68th		 6.5%
Operating income CAGR, 3 yr 9.0% 6.8%
59th		 6.4%
Net income growth (TTM YoY) -28.4% -2.3%
18th		 11.3%
Net income CAGR, 3 yr 11.7% 3.5%
63rd		 6.6%
EPS growth (TTM YoY) -28.4% -1.2%
20th		 13.3%
EPS CAGR, 3 yr 13.5% 3.8%
71st		 5.6%
EPS CAGR, 5 yr -11.6% 7.1%
7th		 8.3%
FCF growth (TTM YoY) -44.5% 9.0%
10th		 14.7%
FCF CAGR, 3 yr 188.3% 14.6%
98th		 12.2%
Operating cash flow CAGR, 3 yr 71.1% 13.1%
92nd		 8.8%
Book value CAGR, 3 yr 7.7% 8.7%
41st		 7.3%
Dividend CAGR, 3 yr —
Sustainable growth rate 9.5% 9.5%
48th		 11.0%

Margin history & stability

MeasureGNRCIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 38.6% 35.7%
63rd		 30.6%
Operating margin, 3-yr average 10.9% 13.7%
38th		 10.0%
Net margin, 3-yr average 6.6% 10.2%
33rd		 6.2%
FCF margin, 3-yr average 12.3% 10.7%
62nd		 7.1%
Revenue stability (0-1) 0.91 0.78
77th		 0.81
Earnings stability (0-1) 0.40 0.40
52nd		 0.47
Margin stability (0-1) 0.92 0.94
32nd		 0.90

Liquidity (latest quarter)

MeasureGNRCIndustry medianIndustry percentileSector median
Cash & short-term investments $264.9M $240.9M
52nd		 $249.6M
Net cash (− = net debt) −$1.2B −$710.5M
43rd		 −$666.5M
Working capital $1.2B $596.2M
84th		 $376.4M
Current ratio 2.04 2.06
49th		 1.79
Quick ratio 1.00 1.20
28th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.22 0.30
41st		 0.32
Defensive interval (days) 256 days 495 days
5th		 614 days

Leverage & solvency (latest quarter)

MeasureGNRCIndustry medianIndustry percentileSector median
Total debt $1.5B $1.2B
56th		 $919.8M
Debt / equity 0.53 0.55
45th		 0.65
Net debt / equity 0.43 0.43
50th		 0.46
Debt / assets 26.2% 26.8%
46th		 29.3%
Debt / capital 34.5% 35.6%
45th		 39.5%
Debt / EBITDA 2.44 2.00
61st		 2.44
Net debt / EBITDA 2.02 1.61
66th		 1.86
Interest coverage (EBIT / interest) 6.0x 7.0x
39th		 5.0x
Cash interest coverage 8.1x 7.9x
52nd		 6.1x
Debt payback (years of OCF) 2.8 yrs 2.6 yrs
53rd		 3.2 yrs
Liabilities / assets 50.1% 50.7%
49th		 56.7%
IS credit model rating A+ — —
Implied credit spread (bps) 125 125
44th		 200

Efficiency

MeasureGNRCIndustry medianIndustry percentileSector median
Asset turnover 0.80 0.78
54th		 0.75
Fixed asset turnover 4.54 5.95
15th		 5.14
Inventory turnover 2.2 3.7
2nd		 5.0
Receivables turnover 6.7 5.9
69th		 6.7
Days sales outstanding 54 days 61 days
31st		 54 days
Days inventory outstanding 170 days 99 days
98th		 72 days
Days payables outstanding 78 days 53 days
93rd		 41 days
Cash conversion cycle (days) 145 days 107 days
80th		 63 days
Capex / revenue 3.8% 2.1%
85th		 3.0%
Capex / depreciation 0.79 0.65
62nd		 0.76
Operating expense ratio 26.5% 21.2%
77th		 17.7%

Cash flow & earnings quality

MeasureGNRCIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.12 1.42
84th		 1.50
FCF / net income 1.47 1.22
80th		 1.15
FCF / operating cash flow 69.2% 83.2%
19th		 74.0%
Capex / operating cash flow 30.8% 16.8%
81st		 26.1%
Accruals ratio -5.2% -3.4%
20th		 -4.0%
Sloan accruals ratio -1.7% -1.5%
44th		 -2.4%
Earnings quality score (0-1) 0.75 1.00
4th		 1.00

Dividends & buybacks

MeasureGNRCIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.9%
0th		 0.6%
Dividend per share (TTM) $0.00 $0.97
0th		 $0.44
Payout ratio (dividends / net income) 0.0% 29.1%
0th		 22.5%
Dividends / FCF 0.0% 24.6%
0th		 19.6%
Dividend growth (YoY) -100.0% 5.8%
0th		 5.6%
Buyback yield 0.0% 0.7%
0th		 0.5%
Shareholder yield (dividends + buybacks) 0.0% 2.2%
2nd		 2.0%
Share count change (YoY) 0.1% -0.1%
58th		 0.0%
Buybacks, last 5 years $596.3M $147.1M
61st		 $76.0M

Scores & forensic checks

MeasureGNRCIndustry medianIndustry percentileSector median
IS score 46 58
25th		 53
IS profitability 46 45
52nd		 37
IS growth 22 48
7th		 54
IS value 33 48
10th		 47
IS momentum 55 73
18th		 76
IS risk (safety) 100 100
48th		 80
IS quality 73 71
56th		 67
IS balance sheet 62 63
48th		 56
IS earnings quality 75 72
62nd		 70
IS cash flow 45 60
21st		 54
Piotroski F-score (0-9) 6 6
36th		 6
Altman Z-score 5.6 4.4
69th		 3.3
Beneish M-score −2.71 −2.55
15th		 −2.52
Ohlson O-score −8.08 −8.00
44th		 −7.49
IS credit score 77 76
52nd		 65

Per share

MeasureGNRCIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $4.34 $2.85
69th		 $2.21
Book value per share $48.42 $26.75
77th		 $18.38
Tangible book per share $20.79 $2.15
93rd		 $4.39
Revenue per share $74.68 $46.23
77th		 $36.64
FCF per share $6.38 $4.10
74th		 $2.70
Operating cash flow per share $9.22 $4.77
75th		 $4.28
Cash per share $4.46 $3.39
70th		 $3.02

Size (TTM)

MeasureGNRCIndustry medianIndustry percentileSector median
Market cap $11.4B $6.0B
66th		 $3.9B
Revenue $4.4B $2.7B
70th		 $2.7B
EBITDA $619.4M $370.8M
61st		 $394.8M
Net income $258.2M $165.9M
56th		 $136.3M
Free cash flow $379.2M $324.5M
56th		 $162.9M
Total assets $5.8B $3.6B
62nd		 $3.5B
Shareholders' equity $2.9B $1.6B
67th		 $1.4B
Employees 9,400 6,800
62nd		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-06Taffe Norman P
President Generac Home
 Option exercise 150$119.54$17,93111,126
2026-10-06Taffe Norman P
President Generac Home
 Open-market sale 150$220.00$33,00010,976
2026-10-06Taffe Norman P
President Generac Home
 Option exercise 150$119.54$17,9311,870
2026-10-05Taffe Norman P
President Generac Home
 Open-market sale 200$215.46$43,09211,076
2026-10-05Taffe Norman P
President Generac Home
 Open-market sale 100$215.46$21,54610,976
2026-10-05Taffe Norman P
President Generac Home
 Option exercise 100$119.54$11,95411,076
2026-10-05Taffe Norman P
President Generac Home
 Option exercise 100$119.54$11,9542,020
2026-10-02Raabe Kyle Andrew
President, Home Power Gen.
 Open-market sale 213$212.57$45,2779,966
2026-10-02Raabe Kyle Andrew
President, Home Power Gen.
 Option exercise 213$102.42$21,81410,179
2026-10-02Raabe Kyle Andrew
President, Home Power Gen.
 Option exercise 213$102.42$21,814424
2026-10-01Jagdfeld Aaron
Director, Chief Executive Officer
 Open-market sale 5,000$206.00$1.0M544,528
2026-09-17Taffe Norman P
President Generac Home
 Option exercise 150$119.54$17,93111,426

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired116,390$1.6M
Open-market saleDisposed2227,689$6.3M
Option exerciseDisposed131,889$214,868
Option exerciseAcquired131,889$214,868
Tax withholdingDisposed13,932$712,557
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 24 notices · 90,877 shares · $19.4M
FiledFilerShares proposedEst. proceeds
2026-10-06Taffe Norman P150$33,000
2026-10-05Taffe Norman P400$86,184
2026-10-02Raabe Kyle Andrew603$128,180
2026-10-01Jagdfeld Aaron5,000$1.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-04-08Rob BresnahanHouseSale$1,001 - $15,0002025-04-29
2025-04-01Julie JohnsonHouseSale$1,001 - $15,0002025-05-15
2025-03-31Julie JohnsonHouseSale (Full)$1,001 - $15,0002025-05-15
2023-11-03Ro KhannaHouseSale$1,001 - $15,0002023-12-06
2022-03-30Tommy TubervilleSenateSale (Full)$1,001 - $15,0002022-04-08
2022-03-30Tommy TubervilleSenateSale (Full)$1,001 - $15,0002022-04-07
2022-03-30Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002022-04-07
2021-09-30Tommy TubervilleSenatePurchase$1,001 - $15,0002021-10-15
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.3,999,044$1.2B6.77%
VANGUARD CAPITAL MANAGEMENT LLC3,845,079$1.1B6.51%
VANGUARD PORTFOLIO MANAGEMENT LLC2,426,090$710.4M4.11%
STATE STREET CORP2,234,679$654.3M3.78%
Invesco Ltd.1,703,954$498.9M2.88%
GEODE CAPITAL MANAGEMENT, LLC1,552,401$453.7M2.63%
ARIEL INVESTMENTS, LLC997,951$292.2M1.69%
D. E. Shaw & Co., Inc.957,094$280.2M1.62%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP887,621$259.9M1.50%
DIMENSIONAL FUND ADVISORS LP880,741$257.9M1.49%
NORGES BANK748,375$219.1M1.27%
AMERIPRISE FINANCIAL INC727,257$213.0M1.23%
BANK OF MONTREAL /CAN/671,412$196.6M1.14%
Sixth Street Partners Management Company, L.P.654,961$191.8M1.11%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC654,961$191.8M1.11%

Institutional ownership by quarter

2023-092026-0691.3%
% of shares held by 13F filers
2023-092026-061,004
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,00491.3%20533532164
2026-03-3187392.1%19125729760
2025-12-3175295.2%94247295134
2025-09-3080591.4%13625227783
2025-06-3076195.1%14025726087
2025-03-3171989.8%93241272136
2024-12-3177494.8%13925825478
2024-09-3072889.5%11322926371
2024-06-3069191.3%9723524382
2024-03-3168991.9%7624124880
2023-12-3170386.7%139188296125
2023-09-3069791.3%106248237143

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.4%4,331,796
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$388.5M
VTSAX0.02%$388.5M
VSMPX0.02%$388.5M
VTI0.02%$388.5M
VOO0.02%$320.7M
VFINX0.02%$320.7M

Share structure

Shares outstanding59,063,900
Float57,951,327
Free float98.1%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$3.7B$4.6B$4.0B$4.3B$4.2B
Cost of revenue$2.4B$3.0B$2.7B$2.6B$2.6B
Gross profit$1.4B$1.5B$1.4B$1.7B$1.6B
R&D$104.3M$159.8M$173.4M$219.6M$243.5M
SG&A$463.3M$692.6M$701.6M$811.5M$977.6M
Operating income$721.1M$566.3M$386.2M$536.7M$289.2M
EBITDA$816.5M$719.4M$554.5M$670.9M$484.0M
Pretax income$691.5M$508.5M$290.3M$409.4M$199.1M
Income tax$135.0M$99.6M$73.2M$92.5M$37.7M
Net income$533.4M$350.3M$203.1M$325.3M$159.6M
EPS, diluted$8.30$5.42$3.27$5.39$2.69
Diluted shares64.3M64.7M62.1M60.4M59.3M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$147.3M$132.7M$201.0M$281.3M$341.4M
Receivables$546.5M$522.5M$537.3M$612.1M$602.7M
Inventory$1.1B$1.4B$1.2B$1.0B$1.2B
Total current assets$1.8B$2.2B$2.0B$2.0B$2.5B
PP&E, net$562.7M$642.8M$801.6M$858.2M$926.9M
Goodwill & intangibles$2.5B$2.3B$2.3B$2.2B$2.1B
Total assets$4.9B$5.2B$5.1B$5.1B$5.6B
Accounts payable$674.2M$446.1M$340.7M$458.7M$436.6M
Total current liabilities$1.2B$992.0M$880.8M$1.0B$1.2B
Long-term debt$867.1M$1.3B$1.4B$1.2B$1.3B
Total liabilities$2.6B$2.8B$2.7B$2.6B$2.9B
Shareholders' equity$2.3B$2.4B$2.3B$2.5B$2.6B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$556.6M$408.9M$217.1M$317.0M$161.4M
Depreciation & amortization$92.0M$156.1M$166.6M$171.8M$194.8M
Stock-based compensation$24.0M$31.4M$37.3M$51.2M$49.9M
Change in working capital−$258.5M−$465.2M$127.4M$211.9M−$13.1M
Operating cash flow$411.2M$58.5M$521.7M$741.3M$438.0M
Capital expenditure−$110.0M−$86.2M−$129.1M−$136.7M−$169.8M
Free cash flow$301.2M−$27.7M$392.6M$604.6M$268.1M
Investing cash flow−$817.3M−$134.2M−$178.1M−$208.7M−$172.9M
Net debt issued / repaid$75.2M$464.2M$87.3M−$278.5M−$52.8M
Buybacks−$126.0M−$345.8M−$251.5M−$152.7M−$147.9M
Dividends paid$0−$309,000$0−$273,000−$293,000

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin36.4%33.3%33.9%38.8%38.3%
Operating margin19.3%12.4%9.6%12.5%6.9%
Net margin14.4%8.8%5.3%7.6%3.8%
FCF margin8.1%-0.6%9.8%16.0%8.5%
ROE29.9%17.9%9.2%13.5%6.2%
ROIC17.1%12.2%7.5%11.3%6.5%
ROA13.3%8.0%4.1%6.4%3.0%
Debt / equity0.600.710.740.590.51
Interest coverage22.0x10.3x4.0x5.6x3.8x
Current ratio1.602.202.271.972.03
Revenue growth+50.4%+22.1%−11.9%+6.8%−2.0%
EPS growth+52.8%−24.7%−44.7%+55.1%−49.2%
P/E at year end42.2x16.0x37.2x28.8x49.8x
EV / EBITDA at year end29.3x10.9x17.0x15.7x19.2x
FCF yield at year end1.33%-0.43%4.98%7.35%4.49%
Dividend payout0.0%0.1%0.0%0.1%0.2%

Street estimates by fiscal year

Next report 2026-10-28 · consensus EPS $2.43 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$4.9B$4.9B – $5.0B$9.67$9.22 – $10.151419.9x
2027$6.5B$5.8B – $7.3B$12.88$11.78 – $14.471415.0x
2028$7.7B$6.4B – $8.1B$15.93$12.75 – $17.991012.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-29$2.01$2.91+44.8%$1.2B$1.2B−0.4%
2026-04-29$1.33$1.80+35.3%$1.1B$1.1B+0.7%
2026-02-11$1.81$1.61−11.0%$1.2B$1.1B−6.0%
2025-10-29$2.25$1.83−18.7%$1.2B$1.1B−4.0%
2025-07-30$1.33$1.65+24.1%$1.2B$1.1B−12.6%
2025-04-30$0.99$1.26+27.3%$1.1B$942.1M−11.5%
2025-02-12$2.49$2.80+12.4%$1.2B$1.2B−0.9%
2024-10-31$1.95$2.25+15.4%$1.2B$1.2B−4.8%
2024-07-31$1.24$1.35+8.9%$1,000.0M$998.2M−0.2%
2024-05-01$0.72$0.88+22.2%$885.3M$889.3M+0.4%
2024-02-14$2.10$2.07−1.4%$1.1B$1.1B−2.7%
2023-11-01$1.50$1.64+9.3%$1.0B$1.1B+2.5%
2023-08-02$1.16$1.08−6.9%$977.1M$1.0B+2.4%
2023-05-03$0.52$0.63+21.2%$841.0M$887.9M+5.6%
2023-02-15$1.70$1.78+4.7%$1.1B$1.0B−1.5%
2022-11-02$1.62$1.75+8.0%$1.1B$1.1B−3.4%
2022-08-03$2.65$2.99+12.8%$1.3B$1.3B+2.1%
2022-05-04$1.94$2.09+7.7%$1.1B$1.1B+4.4%
2022-02-16$2.40$2.51+4.6%$1.0B$1.1B+4.5%
2021-11-02$2.32$2.35+1.3%$962.4M$942.7M−2.0%
2021-07-28$2.32$2.39+3.0%$961.6M$920.0M−4.3%
2021-04-29$1.87$2.38+27.3%$729.0M$807.4M+10.8%
2021-02-11$1.96$2.12+8.2%$731.5M$761.1M+4.0%
2020-10-28$1.72$2.08+20.9%$580.0M$701.4M+20.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.506-220.406-290.307-060.307-130.207-200.607-270.408-030.308-100.308-170.408-240.208-31
Week ofNotionalSharesTrades
2026-08-31$213.0M1,165,83835,018
2026-08-24$350.2M1,792,45041,743
2026-08-17$256.1M1,216,20839,296
2026-08-10$261.7M1,203,65135,615
2026-08-03$428.3M1,995,74451,362
2026-07-27$577.0M2,949,43966,730

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1562.9%
DateShort shareShort volumeTotal volume
2026-10-1562.9%427,148679,617
2026-10-1461.8%345,015558,664
2026-10-1367.5%261,137386,876
2026-10-1266.3%311,102469,373
2026-10-0973.0%354,094485,061
2026-10-0870.2%565,151805,572
2026-10-0778.5%322,367410,590
2026-10-0666.1%300,532454,951
2026-10-0574.2%254,254342,603
2026-10-0269.3%355,832513,522
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.0Jan+5.3Feb-1.1Mar-1.4Apr+2.6May+9.4Jun+7.4Jul-0.5Aug-1.2Sep+6.2Oct+3.1Nov-0.5Dec
MonthAvg returnUp yearsYears
Jan+0.0%50%16
Feb+5.3%47%17
Mar−1.1%41%17
Apr−1.4%56%16
May+2.6%75%16
Jun+9.4%69%16
Jul+7.4%75%16
Aug−0.5%56%16
Sep−1.2%50%16
Oct+6.2%75%16
Nov+3.1%56%16
Dec−0.5%56%16
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1439.8
MFI41.8
ADX27.9
Stochastic %K / %D15.7 / 29.8
Williams %R-84.5
CCI-132
TSI / signal3.4 / 8.8
Chaikin money flow0.16
ATR$10.37
Bollinger width18.2%
Volume vs 20-day avg0.75x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$209.86 (−8.2%)
SMA 50$202.87 (−5.0%)
SMA 200$216.17 (−10.9%)
EMA 21$207.17 (−7.0%)
EMA 50$208.07 (−7.4%)
EMA 200$209.29 (−7.9%)
Bollinger upper$228.95 (−15.8%)
Bollinger lower$190.76 (+1.0%)
Parabolic SAR$230.97 (−16.6%)
Open the live chart, 110+ indicators

About Generac Holdings Inc.

Generac Holdings Inc. specializes in the engineering, manufacturing, and global distribution of diverse power generation systems, energy storage solutions, and related electrical products. The company caters to residential users, light commercial enterprises, and industrial sectors worldwide. At its core, Generac produces vital components such as engines, alternators, batteries, advanced electronic controls, and robust steel enclosures. For homeowners, the company provides a range of automatic standby generators, from 7.5kW up to 150kW, including air-cooled models (7.5kW-26kW) and more powerful liquid-cooled units (22kW-150kW). Many of these residential systems are compatible with Mobile Link, a remote monitoring platform. Generac also offers portable generators, spanning outputs from 800W to 17.5kW, alongside an extensive catalog of outdoor power equipment like trimmers, mowers, log splitters, and pressure washers. Its commitment to sustainable energy is evident through its clean energy offerings, marketed under the PWRcell and PWRview brands. Serving commercial and industrial clients, Generac supplies essential equipment such as light towers, mobile power units, and portable energy storage systems. Its portfolio extends to include commercial mobile pumps, dust-suppression apparatus, and various control systems for gaseous-fueled engines. Light-commercial standby generators, rated from 22kW to 150kW, deliver critical three-phase power to small and mid-sized businesses. For heavy-duty applications, industrial generators with capabilities from 10kW to a formidable 3,250kW are deployed as emergency backup power for vital infrastructure across healthcare, telecommunications, data centers, commercial offices, retail, municipal services, and manufacturing facilities. Beyond direct product sales, the company supports its offerings by supplying aftermarket service parts and product accessories to its vast dealer network. Generac's distribution strategy is multi-faceted, leveraging independent residential and industrial dealers, major national and regional retailers, e-commerce platforms, specialized wholesalers (electrical, HVAC, solar), catalogs, equipment rental firms, and direct engagement with end-users. Founded in 1959, Generac Holdings Inc. is proudly headquartered in Waukesha, Wisconsin.

https://www.generac.com

Key executives

NameTitlePayBorn
Aaron JagdfeldChairman, President & Chief Executive Officer$1.8M1972
Norman TaffeExecutive VP & President of Generac Home$866,4831966
Erik WildePresident of Domestic C&I$843,8811975
York A. RagenChief Financial Officer$821,5241971
Rajendra Kumar KanuruExecutive Vice President, General Counsel & Secretary$648,4881971
Kris RosemannDirector of Corporate Finance & Investor Relations——
Rhonda MatschkeExecutive Vice President of Human Resources——
Talal ButtChief Information Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Aaron Jagdfeld Chairman, President and Chief Executive Officer2025$1.1M$5.3M$683,286$8.8M
York Ragen Chief Financial Officer2025$572,707$1.1M$226,059$2.3M
Norman Taffe President, Generac Home2025$462,975$750,240$389,203$1.9M
Erik Wilde President, Domestic C&I2025$462,975$750,240$362,847$1.8M
Raj Kanuru Executive VP, General Counsel & Secretary2025$465,140$750,240$162,539$1.6M

Employees

5k20185k20196k20209k20219k20228k20239k20249k2025

Dividends

Ex-dateAmountPaid
2013-06-10$52013-06-21
2012-07-02$6—

Moat model

Weak · Intangible Assets · 2026-06-30
Cost advantage55
Intangibles76
Switching costs53
Network effect32
Efficient scale45
Our component scores (0-100) and overall 54.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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