Generac Holdings Inc. (GNRC) Stock Analysis
Industrials · Specialty Industrial Machinery · NYSE
Generac Holdings Inc. (GNRC) posted $4.21B in revenue for fiscal 2025 (down 2.0% year over year), at a 3.8% net margin, and has compounded revenue about 11.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Generac Holdings Inc.
Generac Holdings Inc. has grown revenue from $1.45B to $4.21B over the last 10 fiscal years, compounding about 11.1% a year. The most recent year was down 2%, so growth has cooled from its longer-run pace.
Net margin sits at 3.8%, down 3.6 points year over year on a 38.3% gross margin. It carries about $1.24B of total debt.
At today's valuation the market is pricing in roughly 18.3% annual free-cash-flow growth — versus the -8.8% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from Generac Holdings Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Generac Holdings Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.68B | $2.02B | $2.20B | $2.49B | $3.74B | $4.56B | $4.02B | $4.30B | $4.21B |
| Gross profit | $512.42M | $584.79M | $725.04M | $797.75M | $957.65M | $1.36B | $1.52B | $1.37B | $1.67B | $1.61B |
| Net income | $97.15M | $157.81M | $238.26M | $252.01M | $350.58M | $550.49M | $399.50M | $214.61M | $316.31M | $159.55M |
| Net margin | 6.7% | 9.4% | 11.8% | 11.4% | 14.1% | 14.7% | 8.8% | 5.3% | 7.4% | 3.8% |
Source: Generac Holdings Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Generac Holdings Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 21.1% versus revenue -2.0% — possible overproduction or softening demand.
- Net margin shrinkingNet margin fell from 8.8% to 3.8% over ~3 years — profitability is compressing.
What growth is priced into GNRC stock?
At today's market cap of $11.63B, Generac Holdings Inc. is priced for free-cash-flow growth of about 18.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $268.13M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -8.8%/yr over the last five fiscal years and revenue 11.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Generac Holdings Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Generac Holdings Inc. financial history by metric
Compare Generac Holdings Inc. with peers
About Generac Holdings Inc.
Generac Holdings Inc. designs, manufactures, and distributes energy technology products and solutions worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine home standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; propane tank monitoring solution; and smart home solutions, such as smart thermostats and a suite of home monitoring products. It also provides smart home energy management devices and sensors for heating and cooling system; smart doorbell cameras; and portable and inverter generators; multiple portable battery solutions; manual transfer switches; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and home energy storage systems. In addition, the company offers commercial and industrial products comprising cleaner-burning natural gas fueled generators; mega-watt diesel generators; light-commercial standby generators and related transfer switches; stationary generators; single-engine industrial generators; industrial standby generators; industrial transfer switches; light towers, mobile generators, commercial mobile pumps, heaters, and dust-suppression equipment; mobile energy storage systems; battery energy storage system and related inverter products; and aftermarket service parts and product accessories. Further, it provides microgrid; and software-as-a-service contracts. The company distributes its products through independent residential dealers and contractors, industrial distributors and dealers, national and regional retailers, e-commerce partners, electrical/HVAC/solar wholesalers, solar installers, catalogs, equipment rental companies, and other equipment distributors; and directly to end users. Generac Holdings Inc. was founded in 1959 and is based in Waukesha, Wisconsin.
Generac Holdings Inc. — frequently asked questions
What is Generac Holdings Inc.'s revenue?
Generac Holdings Inc. (GNRC) reported revenue of $4.21B for fiscal year 2025, down 2.0% from the prior year, according to its SEC filings.
Is Generac Holdings Inc. profitable?
Yes. GNRC earned net income of $159.55M in fiscal 2025, a net margin of 3.8%.
What is GNRC's P/E ratio?
Generac Holdings Inc. trades at a price-to-earnings ratio of about 45.2 based on the latest data in our nightly-refreshed cache.
How fast is Generac Holdings Inc. growing?
GNRC's revenue grew at roughly 11.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Generac Holdings Inc. have?
As of fiscal year 2025, GNRC carried roughly $1.24B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Generac Holdings Inc.'s gross margin?
GNRC's gross margin was 38.3% in fiscal 2025 — gross profit of $1.61B on revenue of $4.21B.
What is Generac Holdings Inc.'s market cap?
Generac Holdings Inc. (GNRC) has a market capitalization of about $11.63B, based on the latest data in our nightly-refreshed cache.
When does Generac Holdings Inc.'s fiscal year end?
GNRC's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into GNRC stock?
At today's market cap of $11.63B, Generac Holdings Inc. is priced for free-cash-flow growth of about 18.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $268.13M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -8.8%/yr over the last five fiscal years and revenue 11.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Generac Holdings Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.