Generac income statement
In fiscal 2025, Generac reported revenue of $4.21bn, down 2.0% on the year before, operating income of $289m (a 6.9% margin) and net income of $160m, or $2.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | — | — | — | — | — | — | — | 935 | 1,095 | 1,298 | 1,407 | 1,528 | 2,377 | 3,043 | 2,657 | 2,630 | 2,597 | 2,684 |
| 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 |
| Research and development | 11 | 15 | 16 | 23 | 29 | 31 | 33 | 37 | 43 | 50 | 68 | 80 | 104 | 160 | 173 | 220 | 243 | 250 |
| Selling and marketing | 60 | 58 | 78 | 101 | 108 | 120 | 130 | 165 | 175 | 192 | 218 | 246 | 319 | 496 | 448 | 526 | 555 | 555 |
| General and administrative | 15 | 23 | 30 | 46 | 55 | 55 | 53 | 75 | 88 | 104 | 109 | 118 | 144 | 196 | 253 | 285 | 422 | 417 |
| Operating income | 99 | 90 | 113 | 224 | 351 | 293 | 180 | 203 | 251 | 357 | 372 | 479 | 721 | 566 | 386 | 537 | 289 | 421 |
| Interest expense | 71 | 27 | 24 | 49 | 54 | 47 | 43 | 45 | 43 | 41 | 42 | 33 | 33 | 55 | 98 | 90 | 71 | 68 |
| Income before tax | 43 | 57 | 87 | 156 | 279 | 258 | 123 | 154 | 204 | 311 | 320 | 446 | 692 | 508 | 290 | 409 | 199 | 337 |
| Income tax | 0 | 0 | −238 | 63 | 104 | 84 | 45 | 57 | 44 | 70 | 67 | 99 | 135 | 100 | 73 | 92 | 38 | 78 |
| 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 |
| Diluted shares (average) | — | — | 68m | 69m | 70m | 70m | 69m | 65m | 63m | 62m | 63m | 64m | 64m | 65m | 62m | 60m | 59m | 59m |
| EBITDA | 106 | 98 | 121 | 232 | 362 | 328 | 220 | 257 | 303 | 405 | 433 | 548 | 813 | 722 | 553 | 709 | 484 | 606 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,174 | 1,235 | 942 | 1,061 | 1,114 | 1,092 | 1,059 | 1,174 |
| Cost of revenue | 701 | 733 | 570 | 644 | 687 | 695 | 649 | 652 |
| Gross profit | 472 | 501 | 372 | 417 | 427 | 396 | 410 | 522 |
| Research and development | 57 | 59 | 62 | 60 | 60 | 61 | 63 | 66 |
| Selling and marketing | 145 | 144 | 126 | 139 | 145 | 145 | 124 | 142 |
| General and administrative | 77 | 76 | 75 | 79 | 94 | 174 | 76 | 73 |
| Operating income | 169 | 198 | 84 | 112 | 103 | −9 | 117 | 210 |
| Interest expense | 23 | 20 | 17 | 18 | 18 | 17 | 15 | 17 |
| Income before tax | 147 | 145 | 59 | 90 | 78 | −28 | 97 | 190 |
| Income tax | 33 | 27 | 14 | 15 | 12 | −4 | 24 | 47 |
| Net income | 114 | 117 | 44 | 74 | 66 | −24 | 73 | 143 |
| Diluted EPS | $1.89 | $2.14 | $0.73 | $1.25 | $1.12 | −$0.41 | $1.24 | $2.40 |
| EBITDA | 212 | 242 | 130 | 160 | 152 | 42 | 143 | 269 |
Compare with peers
Head to head: GEV vs GNRCGNRC vs SMR
More: Heavy Electrical Equipment stocks compared, Industrials sector, rankings of US companies