Generac Hldgs Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Generac Hldgs Inc has an operating margin of 12.5%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from 9.6% the prior year.
Generac Hldgs Inc's revenue grew 6.8% year-over-year to $4.3B, a solid pace of expansion. This earns a growth score of 48/100.
Generac Hldgs Inc carries a low D/E ratio of 0.49, meaning only $0.49 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Generac Hldgs Inc's current ratio of 1.97 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.
Generac Hldgs Inc converts 14.1% of revenue into free cash flow ($604.6M). This strong cash generation earns a score of 70/100.
Generac Hldgs Inc's ROE of 12.7% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 9.2% the prior year.
Generac Hldgs Inc scores 5.23, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.2B) relative to total liabilities ($2.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Generac Hldgs Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Generac Hldgs Inc generates $2.34 in operating cash flow ($741.3M OCF vs $316.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Generac Hldgs Inc earns $6.0 in operating income for every $1 of interest expense ($536.7M vs $89.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Generac Hldgs Inc (GNRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Generac Hldgs Inc generated $4.3B in revenue in fiscal year 2024. This represents an increase of 6.8% from the prior year.
Generac Hldgs Inc's EBITDA was $708.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.2% from the prior year.
Generac Hldgs Inc generated $604.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 54.0% from the prior year.
Generac Hldgs Inc reported $316.3M in net income in fiscal year 2024. This represents an increase of 47.4% from the prior year.
Generac Hldgs Inc earned $5.39 per diluted share (EPS) in fiscal year 2024. This represents an increase of 64.8% from the prior year.
Generac Hldgs Inc held $281.3M in cash against $1.2B in long-term debt as of fiscal year 2024.
Generac Hldgs Inc had 60M shares outstanding in fiscal year 2024.
Generac Hldgs Inc's gross margin was 38.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.8 percentage points from the prior year.
Generac Hldgs Inc's operating margin was 12.5% in fiscal year 2024, reflecting core business profitability. This is up 2.9 percentage points from the prior year.
Generac Hldgs Inc's net profit margin was 7.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Generac Hldgs Inc's ROE was 12.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Generac Hldgs Inc invested $219.6M in research and development in fiscal year 2024. This represents an increase of 26.6% from the prior year.
Generac Hldgs Inc spent $152.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 39.3% from the prior year.
Generac Hldgs Inc invested $136.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 5.9% from the prior year.
GNRC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B+5.0% | $1.1B+12.6% | $942.1M-23.7% | $1.2B+23.7% | $998.2M+12.2% | $889.3M-16.4% | $1.1B-0.7% | $1.1B |
| Cost of Revenue | $687.4M+6.7% | $644.4M+13.0% | $570.1M-22.3% | $733.4M+17.8% | $622.6M+8.7% | $572.9M-15.1% | $674.9M-2.9% | $694.9M |
| Gross Profit | $426.9M+2.4% | $416.7M+12.0% | $372.0M-25.8% | $501.4M+33.5% | $375.6M+18.7% | $316.4M-18.6% | $388.7M+3.4% | $375.8M |
| R&D Expenses | $60.1M-0.5% | $60.4M-2.7% | $62.0M+4.7% | $59.3M+9.7% | $54.0M+9.3% | $49.4M+11.4% | $44.4M+2.4% | $43.3M |
| SG&A Expenses | $93.7M+18.0% | $79.4M+6.3% | $74.7M-1.3% | $75.7M+15.8% | $65.4M-2.1% | $66.8M+23.0% | $54.3M-34.6% | $83.1M |
| Operating Income | $103.1M-7.8% | $111.8M+33.7% | $83.6M-57.8% | $198.0M+91.8% | $103.2M+54.4% | $66.9M-55.7% | $151.0M+44.1% | $104.8M |
| Interest Expense | $18.5M+1.2% | $18.2M+6.6% | $17.1M-13.9% | $19.9M-14.7% | $23.3M-1.2% | $23.6M-4.7% | $24.8M+0.2% | $24.7M |
| Income Tax | $11.8M-23.8% | $15.4M+8.3% | $14.2M-47.9% | $27.3M+39.2% | $19.6M+63.2% | $12.0M-59.9% | $30.0M+54.4% | $19.4M |
| Net Income | $66.2M-10.6% | $74.0M+68.8% | $43.8M-62.6% | $117.2M+98.3% | $59.1M+125.4% | $26.2M-72.8% | $96.6M+60.0% | $60.4M |
| EPS (Diluted) | $1.12-10.4% | $1.25+71.2% | $0.73-65.9% | $2.14+120.6% | $0.97+148.7% | $0.39-75.2% | $1.57+61.9% | $0.97 |
GNRC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.6B+3.9% | $5.4B+6.5% | $5.1B-1.0% | $5.1B-0.2% | $5.1B-0.2% | $5.1B+0.7% | $5.1B-1.4% | $5.2B |
| Current Assets | $2.5B+11.4% | $2.2B+12.9% | $2.0B-2.1% | $2.0B-1.1% | $2.1B+0.1% | $2.1B+2.8% | $2.0B-7.8% | $2.2B |
| Cash & Equivalents | $300.0M+34.2% | $223.5M+19.2% | $187.5M-33.4% | $281.3M+28.8% | $218.3M-12.4% | $249.4M+24.1% | $201.0M+24.4% | $161.5M |
| Inventory | $1.3B+6.0% | $1.3B+14.5% | $1.1B+6.1% | $1.0B-10.5% | $1.2B-2.6% | $1.2B+1.3% | $1.2B-11.0% | $1.3B |
| Accounts Receivable | $680.1M+4.8% | $648.7M+9.9% | $590.1M-3.6% | $612.1M+0.3% | $610.3M+17.2% | $520.7M-3.1% | $537.3M-8.8% | $589.2M |
| Goodwill | $1.5B-0.3% | $1.5B+1.8% | $1.4B+0.4% | $1.4B+0.2% | $1.4B+0.2% | $1.4B-0.2% | $1.4B+1.0% | $1.4B |
| Total Liabilities | $2.9B+4.8% | $2.8B+8.7% | $2.6B-0.9% | $2.6B-4.9% | $2.7B-0.1% | $2.8B+0.2% | $2.7B-1.8% | $2.8B |
| Current Liabilities | $1.1B+2.2% | $1.1B+11.3% | $1.0B-2.5% | $1.0B+13.2% | $912.6M+1.6% | $897.9M+1.9% | $880.8M-2.1% | $900.1M |
| Long-Term Debt | $1.3B+0.4% | $1.3B+7.0% | $1.2B-1.3% | $1.2B-14.5% | $1.4B-0.3% | $1.4B-1.0% | $1.4B-3.1% | $1.5B |
| Total Equity | $2.6B+2.8% | $2.6B+4.1% | $2.5B-1.0% | $2.5B+5.3% | $2.4B+0.1% | $2.4B+1.2% | $2.3B-1.0% | $2.4B |
| Retained Earnings | $3.0B+2.2% | $3.0B+2.6% | $2.9B+1.5% | $2.8B+9.3% | $2.6B+2.3% | $2.5B+0.9% | $2.5B+4.0% | $2.4B |
GNRC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $118.4M+64.0% | $72.2M+24.1% | $58.2M-82.9% | $339.5M+337.1% | $77.7M-30.6% | $111.9M-64.7% | $316.9M+126.2% | $140.1M |
| Capital Expenditures | $21.9M-62.1% | $57.7M+86.6% | $30.9M-42.0% | $53.3M+90.8% | $28.0M+4.2% | $26.8M-47.8% | $51.3M+115.6% | $23.8M |
| Free Cash Flow | $96.5M+566.7% | $14.5M-46.8% | $27.2M-90.5% | $286.1M+475.6% | $49.7M-41.6% | $85.1M-68.0% | $265.6M+128.3% | $116.3M |
| Investing Cash Flow | -$22.2M+62.8% | -$59.8M-78.2% | -$33.5M+49.9% | -$66.9M-41.2% | -$47.4M-77.9% | -$26.6M+66.5% | -$79.6M-246.1% | -$23.0M |
| Financing Cash Flow | -$20.0M-208.6% | $18.4M+115.4% | -$119.7M+40.8% | -$202.3M-236.1% | -$60.2M-65.6% | -$36.3M+81.8% | -$199.6M-35.7% | -$147.1M |
| Dividends Paid | $0 | N/A | N/A | $273K | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $50.5M-48.2% | $97.5M | $0-100.0% | $50.6M | $0-100.0% | $151.2M+50.8% | $100.3M |
GNRC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.3%-1.0pp | 39.3%-0.2pp | 39.5%-1.1pp | 40.6%+3.0pp | 37.6%+2.0pp | 35.6%-1.0pp | 36.5%+1.5pp | 35.1% |
| Operating Margin | 9.3%-1.3pp | 10.5%+1.7pp | 8.9%-7.2pp | 16.0%+5.7pp | 10.3%+2.8pp | 7.5%-6.7pp | 14.2%+4.4pp | 9.8% |
| Net Margin | 5.9%-1.0pp | 7.0%+2.3pp | 4.7%-4.8pp | 9.5%+3.6pp | 5.9%+3.0pp | 2.9%-6.1pp | 9.1%+3.4pp | 5.6% |
| Return on Equity | 2.5%-0.4pp | 2.9%+1.1pp | 1.8%-2.9pp | 4.7%+2.2pp | 2.5%+1.4pp | 1.1%-3.0pp | 4.1%+1.6pp | 2.5% |
| Return on Assets | 1.2%-0.2pp | 1.4%+0.5pp | 0.9%-1.4pp | 2.3%+1.1pp | 1.1%+0.6pp | 0.5%-1.4pp | 1.9%+0.7pp | 1.2% |
| Current Ratio | 2.18+0.2 | 2.00+0.0 | 1.970.0 | 1.97-0.3 | 2.25-0.0 | 2.29+0.0 | 2.27-0.1 | 2.41 |
| Debt-to-Equity | 0.49-0.0 | 0.50+0.0 | 0.480.0 | 0.49-0.1 | 0.600.0 | 0.60-0.0 | 0.61-0.0 | 0.63 |
| FCF Margin | 8.7%+7.3pp | 1.4%-1.5pp | 2.9%-20.3pp | 23.2%+18.2pp | 5.0%-4.6pp | 9.6%-15.4pp | 25.0%+14.1pp | 10.9% |
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Frequently Asked Questions
What is Generac Hldgs Inc's annual revenue?
Generac Hldgs Inc (GNRC) reported $4.3B in total revenue for fiscal year 2024. This represents a 6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Generac Hldgs Inc's revenue growing?
Generac Hldgs Inc (GNRC) revenue grew by 6.8% year-over-year, from $4.0B to $4.3B in fiscal year 2024.
Is Generac Hldgs Inc profitable?
Yes, Generac Hldgs Inc (GNRC) reported a net income of $316.3M in fiscal year 2024, with a net profit margin of 7.4%.
What is Generac Hldgs Inc's earnings per share (EPS)?
Generac Hldgs Inc (GNRC) reported diluted earnings per share of $5.39 for fiscal year 2024. This represents a 64.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Generac Hldgs Inc's EBITDA?
Generac Hldgs Inc (GNRC) had EBITDA of $708.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Generac Hldgs Inc have?
As of fiscal year 2024, Generac Hldgs Inc (GNRC) had $281.3M in cash and equivalents against $1.2B in long-term debt.
What is Generac Hldgs Inc's gross margin?
Generac Hldgs Inc (GNRC) had a gross margin of 38.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Generac Hldgs Inc's operating margin?
Generac Hldgs Inc (GNRC) had an operating margin of 12.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Generac Hldgs Inc's net profit margin?
Generac Hldgs Inc (GNRC) had a net profit margin of 7.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Generac Hldgs Inc's return on equity (ROE)?
Generac Hldgs Inc (GNRC) has a return on equity of 12.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Generac Hldgs Inc's free cash flow?
Generac Hldgs Inc (GNRC) generated $604.6M in free cash flow during fiscal year 2024. This represents a 54.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Generac Hldgs Inc's operating cash flow?
Generac Hldgs Inc (GNRC) generated $741.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Generac Hldgs Inc's total assets?
Generac Hldgs Inc (GNRC) had $5.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Generac Hldgs Inc's capital expenditures?
Generac Hldgs Inc (GNRC) invested $136.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Generac Hldgs Inc spend on research and development?
Generac Hldgs Inc (GNRC) invested $219.6M in research and development during fiscal year 2024.
Does Generac Hldgs Inc buy back shares?
Yes, Generac Hldgs Inc (GNRC) spent $152.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Generac Hldgs Inc have outstanding?
Generac Hldgs Inc (GNRC) had 60M shares outstanding as of fiscal year 2024.
What is Generac Hldgs Inc's current ratio?
Generac Hldgs Inc (GNRC) had a current ratio of 1.97 as of fiscal year 2024, which is generally considered healthy.
What is Generac Hldgs Inc's debt-to-equity ratio?
Generac Hldgs Inc (GNRC) had a debt-to-equity ratio of 0.49 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Generac Hldgs Inc's return on assets (ROA)?
Generac Hldgs Inc (GNRC) had a return on assets of 6.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Generac Hldgs Inc's Altman Z-Score?
Generac Hldgs Inc (GNRC) has an Altman Z-Score of 5.23, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Generac Hldgs Inc's Piotroski F-Score?
Generac Hldgs Inc (GNRC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Generac Hldgs Inc's earnings high quality?
Generac Hldgs Inc (GNRC) has an earnings quality ratio of 2.34x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Generac Hldgs Inc cover its interest payments?
Generac Hldgs Inc (GNRC) has an interest coverage ratio of 6.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Generac Hldgs Inc?
Generac Hldgs Inc (GNRC) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.