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 |
| 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 |
| Operating Income | - | 566.33 | 386.20 | 536.74 | 289.19 |
| EBITDA | - | 719.43 | 554.53 | 670.92 | 464.59 |
| EBIT | - | 563.29 | 387.93 | 499.15 | 269.76 |
| Pretax Income | - | 508.47 | 290.30 | 409.44 | 199.06 |
| Tax Provision | - | 99.60 | 73.18 | 92.46 | 37.71 |
| Net Income | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Net Income Common Stockholders | - | 350.27 | 203.09 | 325.26 | 159.55 |
| Total Expenses | - | 3,998.41 | 3,636.47 | 3,759.09 | 3,919.96 |
| Interest Expense | - | 54.83 | 97.63 | 89.71 | 70.70 |
| Research And Development | - | 159.77 | 173.44 | 219.60 | 243.47 |
| Selling General And Administration | - | 692.58 | 701.60 | 811.54 | 977.57 |
| Normalized EBITDA | - | 722.05 | 550.26 | 706.18 | 478.75 |
| Normalized Income | - | 352.37 | 199.89 | 352.55 | 171.04 |
| Market Cap | 12,963.25 | 12,963.25 | 12,963.25 | 12,963.25 | 12,963.25 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Generac Holdings Inc.this co. | GNRC | $12.9B | 81.25β premium | 4.92 | 6.1% | 30.39 |
| Nordson Corporation | NDSN | $16.0B | 32.51 | 5.18 | 15.9% | 20.81 |
| Textron Inc. | TXT | $15.8B | 16.63 | 1.94 | 11.7% | 10.32 |
| IDEX Corporation | IEX | $15.4B | 31.50 | 3.78 | 12.0% | 18.25 |
| Jacobs Solutions Inc. | J | $15.3B | 51.39 |
| - |
| - |
| - |
| - |
| - |
| 4.08 |
| 7.9% |
| 17.63 |
| Masco Corporation | MAS | $15.2B | 18.47 | -80.46 | -435.5% | 12.67 |
| Pentair plc | PNR | $15.0B | 22.91 | 3.87 | 16.9% | 17.64 |
| Huntington Ingalls Industries, Inc. | HII | $14.1B | 23.38 | 2.79 | 11.9% | 13.46 |
| Stanley Black & Decker, Inc. | SWK | $11.6B | 29.61 | 1.31 | 4.4% | 12.18 |
| Peer Median | - | 26.50 | 3.28 | 11.8% | 15.55 | |