NYSE: GNRC
Generac
Industrials · Motors & Generators
52-week range
$134.80$296.44
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$17.3B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.56B |
| FY2017, ended Dec 31, 2017 | $3.09B |
| FY2018, ended Dec 31, 2018 | $3.09B |
| FY2019, ended Dec 31, 2019 | $6.29B |
| FY2020, ended Dec 31, 2020 | $14.3B |
| FY2021, ended Dec 31, 2021 | $22.4B |
| FY2022, ended Dec 31, 2022 | $6.23B |
| FY2023, ended Dec 31, 2023 | $7.79B |
| FY2024, ended Dec 31, 2024 | $9.24B |
| FY2025, ended Dec 31, 2025 | $8.00B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $17.3B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$4.44B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.45B |
| FY2017, ended Dec 31, 2017 | $1.68B |
| FY2018, ended Dec 31, 2018 | $2.02B |
| FY2019, ended Dec 31, 2019 | $2.20B |
| FY2020, ended Dec 31, 2020 | $2.49B |
| FY2021, ended Dec 31, 2021 | $3.74B |
| FY2022, ended Dec 31, 2022 | $4.56B |
| FY2023, ended Dec 31, 2023 | $4.02B |
| FY2024, ended Dec 31, 2024 | $4.30B |
| FY2025, ended Dec 31, 2025 | $4.21B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $4.44B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $97.2M | $211M |
| FY2017, ended Dec 31, 2017 | $158M | $224M |
| FY2018, ended Dec 31, 2018 | $238M | $200M |
| FY2019, ended Dec 31, 2019 | $252M | $248M |
| FY2020, ended Dec 31, 2020 | $351M | $424M |
| FY2021, ended Dec 31, 2021 | $550M | $301M |
| FY2022, ended Dec 31, 2022 | $400M | −$27.7M |
| FY2023, ended Dec 31, 2023 | $215M | $393M |
| FY2024, ended Dec 31, 2024 | $316M | $605M |
| FY2025, ended Dec 31, 2025 | $160M | $268M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $258M | $379M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$265M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $67.3M |
| FY2017, ended Dec 31, 2017 | $138M |
| FY2018, ended Dec 31, 2018 | $224M |
| FY2019, ended Dec 31, 2019 | $323M |
| FY2020, ended Dec 31, 2020 | $655M |
| FY2021, ended Dec 31, 2021 | $147M |
| FY2022, ended Dec 31, 2022 | $133M |
| FY2023, ended Dec 31, 2023 | $201M |
| FY2024, ended Dec 31, 2024 | $281M |
| FY2025, ended Dec 31, 2025 | $341M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $265M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$1.26B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $935M |
| FY2017, ended Dec 31, 2017 | $957M |
| FY2018, ended Dec 31, 2018 | $947M |
| FY2019, ended Dec 31, 2019 | $892M |
| FY2020, ended Dec 31, 2020 | $875M |
| FY2021, ended Dec 31, 2021 | $956M |
| FY2022, ended Dec 31, 2022 | $1.43B |
| FY2023, ended Dec 31, 2023 | $1.56B |
| FY2024, ended Dec 31, 2024 | $1.33B |
| FY2025, ended Dec 31, 2025 | $1.26B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.26B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 5.9% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.59.0M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 62.7M |
| FY2017, ended Dec 31, 2017 | 62.3M |
| FY2018, ended Dec 31, 2018 | 62.1M |
| FY2019, ended Dec 31, 2019 | 62.6M |
| FY2020, ended Dec 31, 2020 | 62.9M |
| FY2021, ended Dec 31, 2021 | 63.8M |
| FY2022, ended Dec 31, 2022 | 61.9M |
| FY2023, ended Dec 31, 2023 | 60.3M |
| FY2024, ended Dec 31, 2024 | 59.6M |
| FY2025, ended Dec 31, 2025 | 58.7M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 59.0M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $51.0M more issued than bought back
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| Period | Bought back | Paid to employees | Used in acquisitions |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $150M | $9.49M | — |
| FY2017, ended Dec 31, 2017 | $30.0M | $10.2M | — |
| FY2018, ended Dec 31, 2018 | $25.7M | $14.6M | — |
| FY2019, ended Dec 31, 2019 | $0 | $16.7M | — |
| FY2020, ended Dec 31, 2020 | $0 | $20.9M | — |
| FY2021, ended Dec 31, 2021 | $126M | $24.0M | $12.0M |
| FY2022, ended Dec 31, 2022 | $346M | $29.5M | — |
| FY2023, ended Dec 31, 2023 | $252M | $35.5M | — |
| FY2024, ended Dec 31, 2024 | $153M | $49.2M | — |
| FY2025, ended Dec 31, 2025 | $148M | $49.9M | — |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $0 | $51.0M | — |
Revenue (TTM)
$4.44B
+0.6% YoY
Net income (TTM)
$258M
−26.0% YoY
Cash
$265M
+18.5% YoY
Total debt
$1.26B
−10.0% YoY
Valuation
At current price- Market Cap
- $11.7B
- P/E
- 45.2×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.6×
- Price / Book
- 4.1×
- EV / EBITDA
- 19.9×
Growth
Trailing 12 months- Revenue (TTM)
- $4.44B
- Revenue Growth YoY
- 0.6%
- Revenue CAGR 3Y
- −2.7%
- Revenue CAGR 5Y
- 11.1%
- EPS Growth YoY
- −27.6%
- Net Income Growth YoY
- −26.0%
Profitability
Trailing 12 months- Gross Margin
- 39.5%
- Operating Margin
- 9.5%
- Net Margin
- 5.8%
- FCF Margin
- 8.5%
- Return on Equity
- 9.5%
Earnings
Trailing 12 months- Net Income
- $258M
- EPS (diluted)
- $4.35
- EBITDA
- $636M
- Operating Income
- $421M
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $265M
- Total Debt
- $1.26B
- Net Debt
- $996M
- Total Assets
- $5.77B
- Total Liabilities
- $2.89B
- Shareholders' Equity
- $2.88B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $548M
- Capital Expenditure
- $169M
- Free Cash Flow
- $379M
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.91
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $4.44B.
Watch
Operating margin narrowed 3.2 pts in a year, to 9.5%.
Note
Net debt of $996M is 1.6× EBITDA.
Note
Free cash flow of $379M, 8.5% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 18, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K72Good news
72Good news
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 19, 2025 · Read the filing on EDGAR
- Sales rose 6.8% to $4.30 billion and net income attributable to Generac rose 47.4% to $316.3 million, reversing 2023's decline.
- Residential sales rose 18.0% after elevated power outages in the second half, while commercial and industrial sales fell 7.0%.
- Gross margin improved to 38.8% from 33.9% on better sales mix, lower input costs and plant efficiencies.
- Operating cash flow rose 42.1% to $741.3 million, helping fund $152.7 million of share buybacks; a $38.0 million Wallbox investment loss increased other expense.
Business momentum
Strong improvement
“The increase was primarily driven by higher sales and gross margin, as noted above.”
Outlook
Not discussed
Financial stress
Low
“As of December 31, 2024, we had total liquidity of $1,530.5 million, which consists of $281.3 million of cash and cash equivalents and $1,249.2 million available under our Revolving Facility.”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Home generator demand drove residential growth
“most notably in home standby and portable generators following the elevated power outage activity in the second half of the year”
Gross margin widened substantially
“Gross profit margin for the year ended December 31, 2024, was 38.8% compared to 33.9% for the year ended December 31, 2023.”
Stronger operating cash flow
“The increase in net cash provided by operating activities was primarily driven by higher operating earnings coupled with a larger decrease in working capital in the current year period, as compared to the prior year.”
Concerns
Commercial and industrial sales declined
“This was partially offset by a decline in C&I product sales for telecom, rental, and "beyond standby" applications.”
International sales and profit fell
“The decrease in international segment sales for the year ended December 31, 2024, was primarily driven by lower intersegment sales related to softness in the telecom market and a decline in portable generator and C&I product sales in Europe, partially offset by growth in Latin America.”
Loss on the Wallbox investment
“The increase in other expense, net in 2024 was driven primarily by a $38.0 million expense for the change in fair value of our investment in warrants and equity securities of Wallbox N.V., and a $4.9 million loss on extinguishment of debt.”
New risks since the previous report
US tariffs and trade policy changes could hurt sales and margins
“The sales, gross margins, and profitability for each of our segments could be directly impacted by changes in tariffs and trade agreements.”
Government incentives supporting some products may not continue
“Certain of our products benefit from government incentive or tax credit programs and we cannot be assured that these incentive or tax credit programs will be maintained and for how long.”
Competitors may use artificial intelligence more effectively
“There is also increasing use of data analytics, machine learning, and artificial intelligence software, which our competitors may be able to use or implement more effectively than we are able to do.”
New sustainability reporting rules could add cost
“We are subject to regulatory requirements around sustainability-related disclosures, including the EU’s Corporate Sustainability Reporting Directive, which may continue to evolve and may impose substantial additional costs and require additional resources.”
Biggest risks named
- Raw material, component and labor costs and shortages
- Unpredictable power outages causing uneven demand
- Tariffs and changes in US trade policy
- Product liability, warranty claims and recalls
- Patent litigation and government investigations
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 72 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 18, 2026 | Pro | |||
| 10-K | Feb 19, 2025 | 72 | Strong improvement | None | |
| 10-K | Feb 21, 2024 | 39 | Sharp deterioration | 1 medium | |
| 10-K | Feb 22, 2023 | 44 | Mixed | 2 medium2 minor | |
| 10-K | Feb 22, 2022 | 73 | Strong improvement | None | |
| 10-K | Feb 23, 2021 | 75 | Strong improvement | None | |
| 10-K | Feb 25, 2020 | 66 | Improving | 1 minor | |
| 10-K | Feb 26, 2019 | 75 | Strong improvement | None | |
| 10-K | Feb 26, 2018 | 76 | Strong improvement | None | |
| 10-K | Feb 24, 2017 | 63 | Improving | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 4, 2026. View filings on SEC EDGAR