Loading…
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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.2B | $465M | $160M | $268M | 6.1% | -2.0% | -50.9% |
| 2024 | $4.3B | $671M | $325M | $605M | 13.0% | 6.8% | 60.2% |
| 2023 | $4.0B | $555M | $203M | $393M | 8.7% | -11.9% | -42.0% |
| 2022 | $4.6B | $719M | $350M | $-28M | 15.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,564.74 | 4,022.67 | 4,295.83 | 4,209.15 |
| Operating Revenue | - | 4,564.74 | 4,022.67 | 4,295.83 | 4,209.15 |
| Cost Of Revenue | - | 3,042.73 | 2,657.24 | 2,630.21 | 2,597.41 |
| Gross Profit | - | 1,522 | 1,365.43 | 1,665.63 | 1,611.74 |
| Operating Expense | - | 955.67 | 979.23 | 1,128.88 | 1,322.55 |
| Research And Development | - | 159.77 | 173.44 | 219.60 | 243.47 |
| Selling General And Administration | - | 692.58 | 701.60 | 811.54 | 977.57 |
| Total Expenses | - | 3,998.41 | 3,636.47 | 3,759.09 | 3,919.96 |
| Operating Income | - | 566.33 | 386.20 | 536.74 | 289.19 |
| Total Operating Income As Reported | - | 566.33 | 386.20 | 536.74 | 289.19 |
| EBITDA | - | 719.43 | 554.53 | 670.92 | 464.59 |
| Normalized EBITDA | - | 722.05 | 550.26 | 706.18 | 478.75 |
| EBIT | - | 563.29 | 387.93 | 499.15 | 269.76 |
| Interest Expense | - | 54.83 | 97.63 | 89.71 | 70.70 |
| Net Interest Income | - | -54.83 | -97.63 | -89.71 | -70.70 |
| Other Non Operating Income Expenses | - | -0.42 | -2.54 | -2.33 | -5.27 |
| Other Income Expense | - | -3.04 | 1.73 | -37.59 | -19.43 |
| Interest Expense Non Operating | - | 54.83 | 97.63 | 89.71 | 70.70 |
| Net Non Operating Interest Income Expense | - | -54.83 | -97.63 | -89.71 | -70.70 |
| Pretax Income | - | 508.47 | 290.30 | 409.44 | 199.06 |
| Tax Provision | - | 99.60 | 73.18 | 92.46 | 37.71 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.51 | 1.08 | -7.97 | -2.68 |
| Net Income Continuous Operations | - | 408.87 | 217.12 | 316.98 | 161.35 |
| Net Income From Continuing And Discontinued Operation | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Net Income From Continuing Operation Net Minority Interest | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Net Income | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Net Income Common Stockholders | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Net Income Including Noncontrolling Interests | - | 408.87 | 217.12 | 316.98 | 161.35 |
| Normalized Income | - | 352.37 | 199.89 | 352.55 | 171.04 |
| Diluted NI Availto Com Stockholders | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Basic Average Shares | - | 63.12 | 61.27 | 59.56 | 58.52 |
| Diluted Average Shares | - | 64.68 | 62.06 | 60.35 | 59.28 |
| Reconciled Depreciation | - | 156.14 | 166.60 | 171.77 | 194.84 |
| Reconciled Cost Of Revenue | - | 2,989.91 | 2,594.83 | 2,556.18 | 2,504.08 |
| Total Unusual Items | - | -2.61 | 4.27 | -35.26 | -14.16 |
| Total Unusual Items Excluding Goodwill | - | -2.61 | 4.27 | -35.26 | -14.16 |
| Minority Interests | - | -58.60 | -14.03 | 8.28 | -1.80 |
| Special Income Charges | - | -3.74 | 0 | -4.86 | -1.23 |
| Other Special Charges | 0.83 | 3.74 | - | 4.86 | 1.23 |
| Restructuring And Mergern Acquisition | 21.46 | 1.46 | 0.46 | - | - |
| Gain On Sale Of Security | - | 1.13 | 4.27 | -30.40 | -12.94 |
| Depreciation Amortization Depletion Income Statement | - | 103.32 | 104.19 | 97.74 | 101.51 |
| Depreciation And Amortization In Income Statement | - | 103.32 | 104.19 | 97.74 | 101.51 |
| General And Administrative Expense | - | 196.32 | 253.40 | 285.10 | 422.21 |
| Other Gand A | - | 196.32 | 253.40 | 285.10 | 422.21 |
| Selling And Marketing Expense | - | 496.26 | 448.20 | 526.45 | 555.36 |
| Amortization | - | 103.32 | 104.19 | 97.74 | 101.51 |
| Amortization Of Intangibles Income Statement | - | 103.32 | 104.19 | 97.74 | 101.51 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Generac Holdings Inc.this co. | GNRC | $16.4B | 102.62↑ premium | 6.22 | 6.1% | 37.73 |
| Snap-on Incorporated | SNA | $19.6B | 19.30 | 3.31 | 17.1% | 12.99 |
| Global Payments Inc. | GPN | $18.5B | 13.25 | 0.81 | 6.1% | 9.65 |
| Lennox International Inc. | LII | $18.0B | 22.37 | 15.50 | 69.3% | 17.10 |
| IDEX Corporation | IEX | $16.0B |
| - |
| - |
| - |
| - |
| - |
| 33.13 |
| 3.97 |
| 12.0% |
| 19.12 |
| Nordson Corporation | NDSN | $16.0B | 32.95 | 5.24 | 15.9% | 21.06 |
| Textron Inc. | TXT | $15.8B | 17.20 | 2.01 | 11.7% | 10.63 |
| Jacobs Solutions Inc. | J | $14.6B | 50.43 | 4.01 | 7.9% | 17.33 |
| Masco Corporation | MAS | $14.1B | 17.41 | -75.82 | -435.5% | 12.05 |
| Peer Median | - | 20.84 | 3.64 | 11.8% | 15.05 | |