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Generac (GNRC) stock

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NYSE: GNRC NYSE Heavy Electrical Equipment Next results ~February 10, 2027

C+ Fundamentals grade

Generac is a US-listed company in the heavy electrical equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$190

Cash-flow model

Base case. Range ~$140–$260 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 5% above our base value.

Price used: $202.04, November 2, 2026

Generac valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 43 sales by directors and officers, last 12 monthsInsider trades
  • Funds530 adding, 377 cuttingOf 89 active managers that changed their stake, 45 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Generac files

Where Generac stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.44bn, up 0.6% on a year earlier, faster than -0.5% a quarter earlier. That puts it 807 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to 8.5% from 11.6% a year earlier. Operating margin narrowed to 9.5% from 12.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $106 a share, against a share price of $195. At that price, our model says the market is pricing in about 11.7% a year of cash-flow growth for five years, faster than the 3.5% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Generac's trailing-twelve-month revenue grew 0.6% year on year, with a free-cash-flow margin of 8.5%.

Our discounted-cash-flow model values the business at ~$190 per share in the base case (~$140–$260 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin compressing: TTM operating margin fell to 9.5%, down 3.2pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 19.3% over 90 days.

Things to watch

  • Margins narrowing. Operating margin is down 3.2 points on a year ago.
  • High earnings multiple. The shares trade at 46 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 2.2 against the S&P 500.
  • Insiders selling. 4 insiders sold $19M of stock over the past 365 days and none bought (68% under pre-set trading plans).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$2.54 against an average estimate of $2.43: beat by 4.6%
Revenue
$1.17bn, up 10.6% on a year earlier
Share reaction
+5.0% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
adjusted EBITDA margin 20.5% to 21% (full-year 2026); net income margin 9% to 10% (full-year 2026)
Next report
October 28, 2026; average EPS estimate $2.61

Generac's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week+6.8%
  • 1 month-6.8%
  • This year+48.2%
  • 1 year+20.2%
  • 5 years-55.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.4B
Operating margin
9.5%
Net margin
5.8%
EPS (TTM, diluted)
$4.35

Growth

Revenue growth
+0.6%
Change in growth rate
+1.1 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$379M
FCF margin
8.5%
Stock pay % of revenue
1.1%

Earnings

Last results
October 28, 2026
Next results (est.)
February 10, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Insider trade
  4. Agreement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Generac valuation models and calculator

What the price is pricing in

The share price implies about 10.5% a year of cash-flow growth for five years.That is faster than the 3.5% a year revenue growth Generac has delivered.

  • Priced in10.5%
  • Last 12 months0.6%
  • 3 years a year3.3%
  • 5 years a year3.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($208.81, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$190
Price used
$208.81close November 3, 2026
Implied change
▼ 7%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Generac's free cash flow after stock-based pay with after-tax interest added back ($502M, FY2026 Q2 TTM), growing 23% and 15.2% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$140–~$260 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Generac's free cash flow after stock-based pay ( $502M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Generac as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.33 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$190 ~$140–$260 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$160 ~$94–$220 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$62 ~$47–$82 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$65 ~$57–$74 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$140 ~$62–$190 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Generac with Heavy Electrical Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −30%
  • Revenue growth 5 points higher ▲ +39%
  • Free-cash-flow margin 1 point lower ▼ −12%
  • Last year's free-cash-flow margin change, if it persists ▼ −27%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $104$147$205$281$380$508
8.5% $75$107$148$203$273$364
10% $58$82$114$156$210$279

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$29.77$40.74$49.52$49.70$100.59$227.41$351.92$100.66$129.24$155.05$136.37$202.04
Market value$2.1bn$2.7bn$3.1bn$3.1bn$6.3bn$14.5bn$22.6bn$6.5bn$8.0bn$9.4bn$8.1bn$12.0bn
+ Net debt (− = net cash)$961m$986m$819m$724m$576m$230m$833m$1.3bn$1.4bn$1.1bn$992m$1.1bn
Enterprise value$3.0bn$3.6bn$3.9bn$3.8bn$6.9bn$14.7bn$23.4bn$7.8bn$9.4bn$10.4bn$9.1bn$13.0bn
Multiples
Price / sales 1.6x1.8x1.8x1.5x2.9x5.8x6.1x1.4x2.0x2.2x1.9x2.7x
Price / earnings 26.5x27.4x19.7x13.0x25.1x41.3x41.1x16.3x37.4x29.6x50.7x46.4x
Price / free cash flow 13.0x12.6x13.8x15.5x25.5x34.2x75.1x—20.4x15.5x30.1x31.6x
EV / EBITDA 13.7x14.2x13.0x9.4x15.9x26.9x28.8x10.8x17.0x14.7x18.7x21.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

78 /100

Strong moat

How hard Generac's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Cash operating profit has been a median 14.2% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 36.0%, moving by 2.3 percentage points (standard deviation) across 10 years.

  • Durability 12 / 20

    Operating margin has been a median 15.2%; its worst year was 8.1%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.0% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.5% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.87 +56% $4.9bn +17%
Next $13.89 +41% $6.8bn +38%

Next year's EPS estimate has moved +19.3% in 90 days, across 19 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.5% on 90 days ago. In the last 30 days, 1 analyst raised Generac's forecast and 6 cut it.

Consensus EPS forecast Generac, last 90 days
$8.00 $10.00 $12.00 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $9.72 Current fiscal year, 60 days ago: $9.75 Current fiscal year, 30 days ago: $9.70 Current fiscal year, 7 days ago: $9.70 Current fiscal year, Now: $9.87 $9.87 Next fiscal year, 90 days ago: $11.65 Next fiscal year, 60 days ago: $11.82 Next fiscal year, 30 days ago: $12.57 Next fiscal year, 7 days ago: $12.99 Next fiscal year, Now: $13.89 $13.89

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $9.72$11.65
60 days ago $9.75$11.82
30 days ago $9.70$12.57
7 days ago $9.70$12.99
Now $9.87$13.89

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.43 $2.54 +4.6%
Jun 2026 $2.01 $2.91 +44.6%
Mar 2026 $1.33 $1.80 +35.5%
Dec 2025 $1.77 $1.61 −9.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026
  • adjusted EBITDA margin full-year 2026 20.5% to 21% Non-GAAP Raised
    “Full-year 2026 adjusted EBITDA margin, before deducting for non-controlling interests, is now expected to be approximately 20.5 to 21.0% as compared to the previous guidance range of 20.0 to 21.0%.” source
  • net income margin full-year 2026 9% to 10% Maintained
    “Additionally, the Company is maintaining its guidance for net income margin, before deducting for non-controlling interests, of approximately 9.0 to 10.0% for the full-year 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Generac's revenue by +23.0% next year and +15.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+32.4%, weight 69%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

22 analysts, Oct 2026
Buy1673%
Hold627%
Sell00%

Monthly trend

  1. Oct 2026313622
  2. Sep 2026212721
  3. Aug 2026212721
  4. Jul 2026212721

Counts of recommendations published by analysts covering Generac, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.9%
of tradable shares
Days to cover
1.86
at average volume
Short interest, 1 month
+15%
to October 15, 2026
Held by institutions
92%
of shares
Held by insiders
1.7%
of shares
Employees
9,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +20.2%

$168.02 on October 31, 2025 to $202.04

ThenNowEffect
Revenue (last 12 months) $4.4bn $4.4bn +0.6%
Net margin 7.9% 5.8% −26.4%
P/E multiple 28.8x 46.4x +61.2%
Share count 60m 59m +0.8%

Biggest factor: p/e multiple.

Last 3 years +92.6%

$104.92 on November 3, 2023 to $202.04

ThenNowEffect
Revenue (last 12 months) $4.0bn $4.4bn +10.3%
Net margin 4.6% 5.8% +25.3%
P/E multiple 35.6x 46.4x +30.3%
Share count 63m 59m +7.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GNRC+55%−71%+28%+20%−12%+48%
Industry peers (median)————−8%−51%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GNRC58%25%50%67%33%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GNRC−33%−75%−47%−21%−38%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 84% from November 1, 2021 to October 27, 2023. Getting back needed a 515% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$136.37 – $295.54
From 52-week high
−31.6%
vs 50-day average
+1.5%
vs 200-day average
−7.6%
Volatility (1 year)
57%
Beta vs S&P 500
2.20

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.9%
After a week
7 up, 4 down
typical move ±13.1%
After a month
7 up, 4 down
typical move ±11.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +5.0% 0.0% — —
July 29, 2026 −1.9% +0.1% +11.2% +0.9%
April 29, 2026 +19.4% +1.0% +23.2% +28.0%
February 11, 2026 +18.3% −1.6% +24.8% +10.0%
October 29, 2025 −12.8% −1.1% −16.3% −20.3%
July 30, 2025 +28.7% −0.5% +28.1% +23.5%
April 30, 2025 −0.5% +0.7% +2.5% +7.9%
February 12, 2025 +3.6% +0.7% −2.2% −8.0%
October 31, 2024 +2.3% −1.5% +13.1% +13.5%
July 31, 2024 −6.5% +0.2% −11.9% −0.4%
May 1, 2024 −5.4% +0.6% +0.9% +8.3%
February 14, 2024 −2.5% +1.6% −9.7% −9.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Generac’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look cheap

Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.

  • Implied is 0.95× the last 60 days’ realised volatility , richer than 15% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is below 60-day realised: selling options pays little for the risk taken.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

GNRC Generac Grade C+ $202.18

Own 100 shares, sell the $220 call expiring December 18, 2026 (46 days) for $8.30 a share — $830 per contract.

Previous session · Bid $8.30, ask $10.50, quoted Mon 2 Nov, 17:24 New York time with GNRC at $202.18. Option prices move with the shares: check the live chain at your broker before trading.

  • If GNRC ends below $220: you keep your shares and the $830 — 4.1% extra on the position, 32.6% a year at that pace.
  • If it ends above $220: your shares are sold at $220, a total return of 12.9% including the premium — at or above our value of ~$190.
$2.6k $0 −$3.9k Our value $190 Break-even $193.88 Price $202.18
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$830
Annualised
32.6%
Break-even
$193.88
Max gain
$2,612.1
Chance of selling
~38%

Collar

Own the shares, buy the $180 put and sell the $220 call, both expiring December 18, 2026 (46 days).

  • Net credit of $0.50 a share ($50.00 per contract of 100 shares).
  • Worst case at expiry: -10.7%, if the shares fall below $180 (-11.0% from today).
  • Best case at expiry: +9.1%, if the shares rise above $220 (+8.8%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $190: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Generac in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Generac
$4B $4.2B $4.4B $4.6B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $4B Revenue (TTM), FY23 Q4: $4B Revenue (TTM), FY24 Q1: $4B Revenue (TTM), FY24 Q2: $4B Revenue (TTM), FY24 Q3: $4.1B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.3B Revenue (TTM), FY25 Q2: $4.4B Revenue (TTM), FY25 Q3: $4.4B Revenue (TTM), FY25 Q4: $4.2B Revenue (TTM), FY26 Q1: $4.3B Revenue (TTM), FY26 Q2: $4.4B $4.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $4B
FY23 Q4 $4B
FY24 Q1 $4B
FY24 Q2 $4B
FY24 Q3 $4.1B
FY24 Q4 $4.3B
FY25 Q1 $4.3B
FY25 Q2 $4.4B
FY25 Q3 $4.4B
FY25 Q4 $4.2B
FY26 Q1 $4.3B
FY26 Q2 $4.4B
Revenue growth, TTM YoY Generac
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -12.5% Revenue growth, TTM YoY, FY23 Q4: -11.9% Revenue growth, TTM YoY, FY24 Q1: -6.8% Revenue growth, TTM YoY, FY24 Q2: -0.1% Revenue growth, TTM YoY, FY24 Q3: 2.9% Revenue growth, TTM YoY, FY24 Q4: 6.8% Revenue growth, TTM YoY, FY25 Q1: 8.1% Revenue growth, TTM YoY, FY25 Q2: 9.7% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: -2.0% Revenue growth, TTM YoY, FY26 Q1: -0.5% Revenue growth, TTM YoY, FY26 Q2: 0.6% 0.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -12.5%
FY23 Q4 -11.9%
FY24 Q1 -6.8%
FY24 Q2 -0.1%
FY24 Q3 2.9%
FY24 Q4 6.8%
FY25 Q1 8.1%
FY25 Q2 9.7%
FY25 Q3 5.5%
FY25 Q4 -2.0%
FY26 Q1 -0.5%
FY26 Q2 0.6%
Operating margin (TTM) Generac
6% 8% 10% 12% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 8.5% Operating margin (TTM), FY23 Q4: 9.6% Operating margin (TTM), FY24 Q1: 10.2% Operating margin (TTM), FY24 Q2: 10.6% Operating margin (TTM), FY24 Q3: 11.9% Operating margin (TTM), FY24 Q4: 12.5% Operating margin (TTM), FY25 Q1: 12.7% Operating margin (TTM), FY25 Q2: 12.7% Operating margin (TTM), FY25 Q3: 11.4% Operating margin (TTM), FY25 Q4: 6.9% Operating margin (TTM), FY26 Q1: 7.5% Operating margin (TTM), FY26 Q2: 9.5% 9.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 8.5%
FY23 Q4 9.6%
FY24 Q1 10.2%
FY24 Q2 10.6%
FY24 Q3 11.9%
FY24 Q4 12.5%
FY25 Q1 12.7%
FY25 Q2 12.7%
FY25 Q3 11.4%
FY25 Q4 6.9%
FY26 Q1 7.5%
FY26 Q2 9.5%
FCF margin (TTM) Generac
5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 5.2% FCF margin (TTM), FY23 Q4: 9.8% FCF margin (TTM), FY24 Q1: 12.9% FCF margin (TTM), FY24 Q2: 12.8% FCF margin (TTM), FY24 Q3: 14.2% FCF margin (TTM), FY24 Q4: 14.1% FCF margin (TTM), FY25 Q1: 12.6% FCF margin (TTM), FY25 Q2: 11.6% FCF margin (TTM), FY25 Q3: 9.7% FCF margin (TTM), FY25 Q4: 6.4% FCF margin (TTM), FY26 Q1: 7.6% FCF margin (TTM), FY26 Q2: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 5.2%
FY23 Q4 9.8%
FY24 Q1 12.9%
FY24 Q2 12.8%
FY24 Q3 14.2%
FY24 Q4 14.1%
FY25 Q1 12.6%
FY25 Q2 11.6%
FY25 Q3 9.7%
FY25 Q4 6.4%
FY26 Q1 7.6%
FY26 Q2 8.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Generac took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $4.2B
  2. Cost of revenue $2.6B · 61.7%
  3. Gross profit $1.6B · 38.3%
  4. Research and development $243M · 5.8%
  5. Selling, general and admin $978M · 23.2%
  6. Other operating costs $102M · 2.4%
  7. Operating income $289M · 6.9%
  8. Income tax $37.7M · 0.9%
  9. Interest and other $91.9M · 2.2%
  10. Net income $160M · 3.8%

Shares of revenue. Source: Generac's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 588 593 792 1,176 1,486 1,461 1,317 1,448 1,679 2,023 2,204 2,485 3,737 4,565 4,023 4,296 4,209 4,439
Gross profit 236 237 295 440 570 516 460 512 585 725 798 958 1,360 1,522 1,365 1,666 1,612 1,755
EBITDA 106 98 121 232 362 328 220 257 303 405 433 548 813 722 553 709 484 606
Operating income 99 90 113 224 351 293 180 203 251 357 372 479 721 566 386 537 289 421
Net income 43 57 325 93 175 175 78 97 158 238 252 351 550 400 215 316 160 258
Diluted EPS — — $4.79 $1.35 $2.51 $2.49 $1.12 $1.47 $2.53 $3.54 $4.03 $5.48 $8.30 $5.42 $3.27 $5.39 $2.69 $4.35
Growth (year on year)
Revenue — +0.8% +33.6% +48.5% +26.3% −1.7% −9.8% +9.9% +16.0% +20.5% +8.9% +12.7% +50.4% +22.1% −11.9% +6.8% −2.0% +0.6%
EBITDA — −7.8% +23.6% +91.5% +56.3% −9.5% −33.0% +17.0% +17.7% +33.7% +7.0% +26.6% +48.4% −11.2% −23.5% +28.2% −31.7% −18.5%
Operating income — −8.3% +25.1% +97.9% +57.2% −16.5% −38.8% +12.9% +23.6% +42.5% +4.2% +28.7% +50.5% −21.5% −31.8% +39.0% −46.1% −25.0%
Net income — +32.2% +470.4% −71.3% +87.2% +0.0% −55.5% +25.0% +62.4% +51.0% +5.8% +39.1% +57.0% −27.4% −46.3% +47.4% −49.6% −26.0%
Diluted EPS — — — −71.8% +85.9% −0.8% −55.0% +31.3% +72.1% +39.9% +13.8% +36.0% +51.5% −34.7% −39.7% +64.8% −50.1% −25.4%
Margins
Gross margin 40.1% 40.0% 37.2% 37.4% 38.3% 35.3% 34.9% 35.4% 34.8% 35.8% 36.2% 38.5% 36.4% 33.3% 33.9% 38.8% 38.3% 39.5%
EBITDA margin 18.1% 16.5% 15.3% 19.7% 24.4% 22.5% 16.7% 17.8% 18.0% 20.0% 19.6% 22.0% 21.8% 15.8% 13.7% 16.5% 11.5% 13.6%
Operating margin 16.7% 15.2% 14.3% 19.0% 23.7% 20.1% 13.6% 14.0% 14.9% 17.7% 16.9% 19.3% 19.3% 12.4% 9.6% 12.5% 6.9% 9.5%
Net margin 7.3% 9.6% 41.0% 7.9% 11.7% 12.0% 5.9% 6.7% 9.4% 11.8% 11.4% 14.1% 14.7% 8.8% 5.3% 7.4% 3.8% 5.8%
Free-cash-flow margin 11.9% 17.7% 19.9% 18.1% 15.4% 14.9% 12.0% 14.6% 13.3% 9.9% 11.3% 17.1% 8.1% −0.6% 9.8% 14.1% 6.4% 8.5%
Cash flow
Cash from operations 75 114 170 236 260 253 189 241 257 247 309 487 411 59 522 741 438 548
Capital spending 5 10 12 22 31 35 31 30 33 48 61 62 110 86 129 137 170 169
Free cash flow 70 105 158 213 229 218 158 211 224 200 248 424 301 −28 393 605 268 379
Stock-based pay 0 6 9 11 12 13 8 9 10 15 17 21 24 29 35 49 50 51
Free cash flow after stock pay 70 98 149 202 217 206 150 201 214 185 231 404 277 −57 357 555 218 328
Balance sheet
Cash 161 79 93 108 150 190 116 67 138 224 323 655 147 133 201 281 341 265
Total debt 0 657 604 894 1,223 1,112 1,077 1,053 957 948 899 885 980 1,433 1,575 1,335 1,333 1,329
Net debt (negative = net cash) −161 579 511 786 1,072 923 961 986 819 724 576 230 833 1,300 1,374 1,053 992 1,064
Diluted shares — — 68m 69m 70m 70m 69m 65m 63m 62m 63m 64m 64m 65m 62m 60m 59m 59m
Returned to shareholders
Dividends — 0 0 404 343 1 1 0 0 0 0 0 0 0 0 0 0 —
Buybacks — — — — — — 100 150 30 26 0 0 126 346 252 153 148 0
Total returned — 0 0 404 343 1 101 150 30 26 0 0 126 346 252 153 148 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $5.8bn
Short-term assets $2.4bnLonger-term assets $3.3bn
What it owes, and who funded it · $5.8bn
Short-term liabilities $1.2bnLonger-term liabilities $1.7bnShareholders' equity $2.9bn
  • Short-term assets cover short-term liabilities $2.4bn of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.4bn short-term assets against $1.7bn of longer-dated liabilities.
  • More cash than debt $265m of cash against $1.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 42% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 40% to 42% over five years.
  • A year's operating cash flow covers at least 20% of debt $548m of operating cash flow against $1.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $421m against $68m of interest.

From Generac's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$0
Buybacks, last 3 fiscal years
$552M
Diluted share count
−0.8%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
5.6%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in heavy electrical equipment
Last 12 months unless stated GNRC GEV SMR Median
Revenue, last 12 months $4.4bn $44.0bn $11m $4.4bn
Revenue growth, last 12 months 0.6% 16.9% −81.0% 0.6%
Revenue growth, 3-year average 3.3% — −15.8% −6.2%
Revenue growth, latest quarter 10.6% 26.8% −99.1% 10.6%
Gross margin 39.5% 21.7% 23.5% 23.5%
Operating margin 9.5% 6.4% <−999% 6.4%
Operating margin, 3-year average 10.9% 3.4% <−999% 3.4%
Net margin 5.8% 23.5% <−999% 5.8%
Cash from operations / revenue 12.3% 43.6% <−999% 12.3%
Free-cash-flow margin 8.5% 38.9% <−999% 8.5%
Free-cash-flow margin, 3-year average 11.0% 17.8% <−999% 11.0%
Stock pay / revenue 1.1% 0.6% 198.5% 1.1%
Change in share count −0.8% −2.8% 51.7% −0.8%

Median of all 3 companies we cover in heavy electrical equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

584 industrials companies
Measure Company Peer median Rank
Revenue growth Growth 0.6% 7.6% 421 of 581
Change in growth rate Growth +1.1pp +1.1pp 286 of 580
Gross margin Profitability 39.5% 28.6% 109 of 443
Operating margin Profitability 9.5% 5.5% 210 of 544
Net margin Profitability 5.8% 3.8% 237 of 582
Free-cash-flow margin Cash generation 8.5% 4.6% 213 of 579
Stock pay as % of revenue Cash generation 1.1% 0.9% 311 of 512
Long-term debt as % of assets Balance sheet 20.6% 22.6% 209 of 453
Change in share count Balance sheet -0.8% 0.0% 188 of 529
Days sales outstanding Balance sheet 55 days 57 days 212 of 453

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Domestic $3.5B 82.5% ▼ 3.6%
International $738M 17.5% ▲ 6.0%
Products and services
Line of business Revenue Share YoY
External Net Sales $4.2B 98.5% ▼ 2.0%
Residential Power Products $2.3B 53.9% ▼ 6.8%
Commercial and Industrial Power Products $1.5B 34.6% ▲ 4.9%
Other Products and Services $485M 11.5% ▲ 2.5%
Intersegment Sales $62.5M 1.5% ▼ 3.4%

From Generac's 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$15.4B
Institutions reporting
997
Shares held vs prior quarter
▼ 0.9%
Positions opened / closed
194 / 62

Top buyers and sellers, Q2 2026: 530 institutions bought and 377 sold ; the biggest buyer was Ameriprise Financial Inc (+550K shares) and the biggest seller Invesco Ltd (−587K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 4.0M 7.6% ▲ 5.2%
Vanguard Capital Management LLC $1.1B 3.8M 7.3% ▲ 0.7%
Vanguard Portfolio Management LLC $710M 2.4M 4.6% ▲ 4.8%
State Street Corp $654M 2.2M 4.3% ▲ 2.5%
Invesco Ltd. $499M 1.7M 3.2% ▼ 25.6%
Geode Capital Management, LLC $454M 1.6M 2.9% ▲ 1.8%
Boston Partners $385M 1.3M 2.5% ▼ 14.3%
Ariel Investments, LLC $292M 998K 1.9% ▼ 22.9%
D. E. Shaw & Co., Inc. $280M 957K 1.8% ▼ 26.2%
Arrowstreet Capital, Limited Partnership $260M 888K 1.7% ▼ 14.5%
Dimensional Fund Advisors LP $258M 881K 1.7% ▼ 6.0%
Morgan Stanley $247M 843K 1.6% ▲ 6.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Generac's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $19.3M 43 trades by 4 insiders · 68% under pre-set plans
Net ▼ $19.3M net selling
Insider Date Trade Shares Price Value
Taffe Norman P President Generac Home October 6, 2026 Sell pre-set plan 150 $220.00 $33,000
Taffe Norman P President Generac Home October 5, 2026 Sell pre-set plan 100 $215.46 $21,546
Taffe Norman P President Generac Home October 5, 2026 Sell pre-set plan 200 $215.46 $43,092
Raabe Kyle Andrew President, Home Power Gen. October 2, 2026 Sell pre-set plan 213 $212.57 $45,277
Raabe Kyle Andrew President, Home Power Gen. October 2, 2026 Sell pre-set plan 390 $212.57 $82,902
Jagdfeld Aaron Chief Executive Officer October 1, 2026 Sell pre-set plan 5,000 $206.00 $1M
Raabe Kyle Andrew President, Home Power Gen. September 17, 2026 Sell pre-set plan 213 $229.50 $48,884
Raabe Kyle Andrew President, Home Power Gen. September 17, 2026 Sell pre-set plan 390 $229.50 $89,505
Taffe Norman P President Generac Home September 17, 2026 Sell pre-set plan 150 $229.50 $34,425
Taffe Norman P President Generac Home September 8, 2026 Sell pre-set plan 100 $190.00 $19,000
Taffe Norman P President Generac Home September 8, 2026 Sell pre-set plan 100 $188.27 $18,827
Taffe Norman P President Generac Home September 8, 2026 Sell pre-set plan 200 $188.27 $37,654

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 73 trades and filings

No trades in Generac disclosed in the last 12 months; 73 earlier trades on record.

  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded April 8, 2025, filed April 28, 2025
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 1, 2025, filed May 14, 2025
  • James R. Langevin(D-RI 2):Sale (partial), $1,001 - $15,000, traded December 20, 2022, filed January 9, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 11, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Generac was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Generac in brief

What does Generac do?
Generac is a US-listed company in the heavy electrical equipment industry. Its financial year ends in December.
What is Generac's stock ticker?
Generac trades under the ticker GNRC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Generac's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Generac reported revenue of $4.4B, 0.6% higher than a year earlier, according to its SEC filings.
What is Generac's free cash flow?
Generac's free-cash-flow margin is 8.5% of revenue over the trailing twelve months, ranking 213 of the 579 industrials companies we cover.
What is Generac's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Generac's free cash flow after stock-based pay gives ~$190 per share in the base case, and ~$140–$260 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Generac's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Generac buying back stock, and does it pay a dividend?
Generac spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Generac's market cap?
On November 2, 2026, Generac's market capitalisation was about $12B, with a price-to-earnings ratio of 46.4 and net debt of $1.1B. Market figures come from third-party market data and may be delayed.
How much debt does Generac have?
Generac's debt-to-equity ratio is 42.1%, from its latest balance sheet (39.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Generac's competitors?
In our Heavy Electrical Equipment peer group, the companies closest to Generac are GE Vernova and Nuscale Power Corp. The side-by-side comparison below sets their revenue, margins and growth against Generac's.
Are insiders buying or selling Generac stock?
Over the last 12 months, Generac's directors and officers reported 0 open-market purchases and 43 sales on Form 4. The insider trading page charts every trade.
When is Generac's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Generac announces its own schedule.