What is Generac's operating income?

Generac's total operating income in 2025 was $289.19 million, based on the following breakdown: Total Gross Profit: $1.61 billion Total Operating Expenses: $1.32 billion

Generac (GNRC) Financials

$190.68 -2.20 (-1.14%)

Closing price 03:59 PM Eastern

Extended Trading

$187.71 -2.97 (-1.56%)

As of 06:19 PM Eastern

Compare

Annual Income Statements for Generac

This table shows Generac's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	78	97	158	238	252	351	550	400	215	316	160
Consolidated Net Income / (Loss)	78	97	160	241	252	347	557	409	217	317	161
Net Income / (Loss) Continuing Operations	78	97	160	241	252	347	557	409	217	317	161
Total Pre-Tax Income	123	154	204	311	320	446	692	508	290	409	199
Total Operating Income	180	203	251	357	372	479	721	566	386	537	289
Total Gross Profit	460	512	585	725	798	958	1,360	1,522	1,365	1,666	1,612
Total Revenue	1,317	1,448	1,679	2,023	2,204	2,485	3,737	4,565	4,023	4,296	4,209
Operating Revenue	1,317	1,448	1,679	2,023	2,204	2,485	3,737	4,565	4,023	4,296	4,209
Total Cost of Revenue	857	935	1,095	1,298	1,407	1,528	2,377	3,043	2,657	2,630	2,597
Operating Cost of Revenue	857	935	1,095	1,298	1,407	1,528	2,377	3,043	2,657	2,630	2,597
Total Operating Expenses	280	310	334	368	426	479	639	956	979	1,129	1,323
Selling, General & Admin Expense	53	75	88	104	109	118	144	196	253	285	422
Marketing Expense	130	165	175	192	218	246	319	496	448	526	555
Research & Development Expense	33	37	43	50	68	80	104	160	173	220	243
Amortization Expense	24	33	29	22	29	32	50	103	104	98	102
Total Other Income / (Expense), net	-57	-49	-47	-46	-53	-33	-30	-58	-96	-127	-90
Interest Expense	48	45	43	42	42	33	34	55	98	95	72
Interest & Investment Income	0.12	0.04	0.30	1.89	2.77	2.18	1.42	1.13	4.27	-30	-13
Other Income / (Expense), net	-9.06	-3.96	-4.57	-5.71	-13	-2.11	2.76	-4.17	-2.54	-2.33	-5.27
Income Tax Expense	45	57	44	70	67	99	135	100	73	92	38
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.02	1.75	2.96	0.30	-3.36	6.08	9.37	2.51	0.66	1.80
Basic Earnings per Share	$1.14	$1.48	$2.56	$3.57	$4.09	$5.61	$8.51	$5.55	$3.31	$5.46	$2.73
Weighted Average Basic Shares Outstanding	68.10M	64.91M	62.04M	61.66M	61.93M	62.28M	62.69M	63.12M	61.27M	59.56M	58.52M
Diluted Earnings per Share	$1.12	$1.47	$2.53	$3.54	$4.03	$5.48	$8.30	$5.42	$3.27	$5.39	$2.69
Weighted Average Diluted Shares Outstanding	69.20M	65.38M	62.64M	62.23M	62.87M	63.74M	64.25M	64.68M	62.06M	60.35M	59.28M
Weighted Average Basic & Diluted Shares Outstanding	68.20M	65.40M	-7.89B	66.70M	62.57M	62.86M	63.78M	61.89M	60.27M	59.61M	58.68M

This table shows Generac's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Income / (Loss) Attributable to Common Shareholders	26	59	114	117	44	74	66	-24	73	143	109
Consolidated Net Income / (Loss)	26	59	114	118	44	74	67	-24	73	143	109
Net Income / (Loss) Continuing Operations	26	59	114	118	44	74	67	-24	73	143	109
Total Pre-Tax Income	39	79	147	145	59	90	78	-28	97	190	143
Total Operating Income	67	103	169	198	84	112	103	-9.32	117	210	161
Total Gross Profit	316	376	472	501	372	417	427	396	410	522	516
Total Revenue	889	998	1,174	1,235	942	1,061	1,114	1,092	1,059	1,174	1,295
Operating Revenue	889	998	1,174	1,235	942	1,061	1,114	1,092	1,059	1,174	1,295
Total Cost of Revenue	573	623	701	733	570	644	687	695	649	652	779
Operating Cost of Revenue	573	623	701	733	570	644	687	695	649	652	779
Total Operating Expenses	250	272	304	303	288	305	324	405	293	311	355
Selling, General & Admin Expense	67	65	77	76	75	79	94	174	76	73	88
Marketing Expense	109	128	145	144	126	139	145	145	124	142	175
Research & Development Expense	49	54	57	59	62	60	60	61	63	66	64
Amortization Expense	25	25	24	24	25	26	25	25	30	31	29
Total Other Income / (Expense), net	-28	-25	-21	-53	-25	-22	-25	-18	-21	-21	-17
Interest Expense	24	23	28	20	17	18	20	17	15	17	16
Interest & Investment Income	-4.33	-0.28	6.96	-33	-7.72	0.22	-4.02	-1.42	0.31	9.48	0.45
Other Income / (Expense), net	-0.42	-0.95	-0.58	-0.38	-0.29	-3.92	-1.03	-0.03	-5.47	-13	-1.51
Income Tax Expense	12	20	33	27	14	15	12	-3.71	24	47	34
Net Income / (Loss) Attributable to Noncontrolling Interest	0.25	-0.06	0.04	0.44	0.44	0.41	0.42	0.53	-0.14	-0.23	-0.28
Basic Earnings per Share	$0.39	$0.99	$1.91	$2.17	$0.74	$1.27	$1.14	($0.42)	$1.25	$2.44	$1.86
Weighted Average Basic Shares Outstanding	59.85M	59.88M	59.49M	59.56M	59.06M	58.50M	58.26M	58.52M	58.41M	58.82M	58.85M
Diluted Earnings per Share	$0.39	$0.97	$1.89	$2.14	$0.73	$1.25	$1.12	($0.41)	$1.24	$2.40	$1.83
Weighted Average Diluted Shares Outstanding	60.49M	60.64M	60.31M	60.35M	59.75M	59.02M	59.12M	59.28M	59.23M	59.64M	59.56M
Weighted Average Basic & Diluted Shares Outstanding	60.61M	60.15M	59.50M	59.61M	59.08M	58.68M	58.68M	58.68M	58.87M	59.01M	58.99M

This table details how cash moves in and out of Generac's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-74	-49	71	86	98	332	-508	-15	68	80	60
Net Cash From Operating Activities	189	241	257	247	309	487	411	59	522	741	438
Net Cash From Continuing Operating Activities	189	241	257	247	309	487	411	59	522	741	436
Net Income / (Loss) Continuing Operations	78	97	160	241	252	347	557	409	217	317	161
Consolidated Net Income / (Loss)	78	97	160	241	252	347	557	409	217	317	161
Depreciation Expense	17	21	23	25	32	36	42	53	62	74	93
Amortization Expense	29	37	32	27	33	35	52	107	108	101	104
Non-Cash Adjustments To Reconcile Net Income	47	5.23	7.46	16	27	21	-11	34	40	93	91
Changes in Operating Assets and Liabilities, net	18	80	35	-63	-36	47	-229	-544	94	156	-13
Net Cash From Investing Activities	-104	-94	-28	-109	-170	-124	-817	-134	-178	-209	-173
Net Cash From Continuing Investing Activities	-104	-94	-28	-109	-170	-124	-817	-134	-178	-209	-173
Purchase of Property, Plant & Equipment	-31	-30	-33	-48	-61	-62	-110	-86	-129	-137	-170
Acquisitions	-74	-77	-	-65	-112	-65	-717	-40	-23	-36	-0.76
Purchase of Investments	-	-	-	-	-	0.00	0.00	-15	-33	-38	-3.04
Sale of Property, Plant & Equipment	0.11	1.36	0.08	0.21	0.10	0.18	0.26	2.08	2.90	0.21	3.08
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	4.97	1.31	0.00	2.00	0.00
Other Investing Activities, net	-	12	3.79	3.93	2.63	2.65	4.61	3.57	3.29	0.00	-2.34
Net Cash From Financing Activities	-154	-196	-160	-52	-42	-30	-103	64	-277	-449	-213
Net Cash From Continuing Financing Activities	-154	-196	-160	-52	-42	-30	-103	64	-277	-449	-212
Repayment of Debt	-176	-70	-236	-131	-114	-282	-349	-821	-326	-853	-222
Repurchase of Common Equity	-100	-150	-30	-26	0.00	0.00	-153	-346	-356	-162	-148
Payment of Dividends	-1.44	-0.08	0.00	-0.31	-0.29	0.00	0.00	-0.31	0.00	-0.27	-0.29
Issuance of Debt	126	29	105	105	75	258	423	1,274	413	571	169
Issuance of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	0.98
Other Financing Activities, net	-3.40	-4.47	1.06	-0.05	-2.59	-5.82	-24	-43	-8.06	-4.63	-12
Effect of Exchange Rate Changes	-3.71	-0.47	2.15	-0.29	1.51	0.24	1.31	-2.94	1.80	-3.47	7.78
Cash Interest Paid	40	42	41	41	35	29	28	49	84	89	76
Cash Income Taxes Paid	6.09	8.89	24	41	62	62	157	151	100	149	89

This table details how cash moves in and out of Generac's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Change in Cash & Equivalents	48	-31	-4.14	67	-94	36	76	41	-76	-0.61	129
Net Cash From Operating Activities	112	78	212	339	58	72	118	189	119	121	171
Net Cash From Continuing Operating Activities	112	78	212	339	58	72	118	187	119	121	171
Net Income / (Loss) Continuing Operations	26	59	114	118	44	74	67	-24	73	143	109
Consolidated Net Income / (Loss)	26	59	114	118	44	74	67	-24	73	143	109
Depreciation Expense	17	18	19	20	21	23	24	26	26	28	29
Amortization Expense	26	26	25	25	26	26	25	26	31	31	29
Non-Cash Adjustments To Reconcile Net Income	21	14	14	45	22	22	20	27	18	22	18
Changes in Operating Assets and Liabilities, net	22	-39	41	133	-55	-73	-18	133	-28	-103	-14
Net Cash From Investing Activities	-27	-47	-68	-67	-34	-60	-22	-57	-154	-122	-37
Net Cash From Continuing Investing Activities	-27	-47	-68	-67	-34	-60	-22	-57	-154	-122	-37
Purchase of Property, Plant & Equipment	-27	-28	-29	-53	-31	-58	-22	-59	-29	-58	-39
Acquisitions	-1.63	-18	-3.97	-13	0.00	-	-	-0.76	-123	-89	0.10
Purchase of Investments	-0.24	-1.66	-37	-0.70	-2.66	-	-0.38	-	0.00	-	-0.43
Sale of Property, Plant & Equipment	0.05	0.03	0.06	0.07	0.05	-0.05	0.04	3.04	0.00	0.01	0.02
Net Cash From Financing Activities	-36	-60	-150	-202	-120	18	-20	-91	-41	0.60	-4.67
Net Cash From Continuing Financing Activities	-36	-60	-150	-202	-120	18	-20	-91	-41	0.60	-4.67
Repayment of Debt	-26	-28	-559	-240	-34	-25	-69	-94	-27	-91	-13
Issuance of Debt	9.44	14	512	35	20	94	51	3.65	14	91	13
Other Financing Activities, net	-11	4.41	-0.54	2.63	-8.01	-0.34	-2.98	-0.79	-28	1.09	-5.12
Effect of Exchange Rate Changes	-0.57	-1.14	1.40	-3.16	1.29	5.25	0.30	0.94	-0.04	-0.33	-0.61

This table presents Generac's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,779	1,862	2,026	2,426	2,666	3,235	4,878	5,169	5,093	5,109	5,574
Total Current Assets	632	684	825	1,121	1,196	1,670	1,848	2,182	1,998	2,032	2,462
Cash & Equivalents	116	67	138	224	323	655	147	133	201	281	341
Accounts Receivable	182	242	279	326	320	375	546	522	537	612	603
Inventories, net	325	350	387	545	522	603	1,090	1,405	1,167	1,032	1,249
Prepaid Expenses	8.60	25	20	25	31	36	65	122	92	107	269
Plant, Property, & Equipment, net	184	213	230	279	317	344	441	468	599	690	814
Total Noncurrent Assets	962	965	971	1,027	1,153	1,222	2,588	2,520	2,497	2,387	2,298
Goodwill	670	705	722	765	805	855	1,410	1,401	1,432	1,436	1,467
Intangible Assets	257	255	236	246	298	292	1,041	931	846	759	675
Noncurrent Deferred & Refundable Income Taxes	35	3.34	3.24	0.16	2.93	1.50	16	13	16	24	42
Other Noncurrent Operating Assets	0.96	2.23	11	15	47	73	122	175	203	168	113
Total Liabilities & Shareholders' Equity	1,779	1,862	2,026	2,426	2,666	3,235	4,878	5,169	5,093	5,109	5,574
Total Liabilities	1,313	1,427	1,428	1,604	1,572	1,779	2,606	2,800	2,744	2,612	2,935
Total Current Liabilities	213	342	396	561	497	642	1,156	992	881	1,033	1,215
Short-Term Debt	9.25	46	22	48	61	43	78	62	128	123	73
Accounts Payable	108	182	234	328	262	330	674	446	341	459	437
Accrued Expenses	83	93	113	144	133	205	332	439	357	370	636
Current Employee Benefit Liabilities	13	21	28	41	41	63	72	46	55	81	70
Total Noncurrent Liabilities	1,100	1,085	1,031	1,043	1,075	1,137	1,450	1,808	1,863	1,579	1,719
Long-Term Debt	1,037	1,007	907	876	838	842	902	1,369	1,448	1,211	1,260
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	144	167	193	233
Noncurrent Deferred & Payable Income Tax Liabilities	4.95	17	42	71	96	116	206	126	90	33	61
Other Noncurrent Operating Liabilities	57	61	83	96	140	180	342	169	158	142	165
Redeemable Noncontrolling Interest	0.00	33	44	61	61	66	58	110	6.55	0.00	0.74
Total Equity & Noncontrolling Interests	466	401	554	761	1,033	1,390	2,214	2,259	2,343	2,497	2,638
Total Preferred & Common Equity	466	401	554	761	1,032	1,390	2,214	2,257	2,340	2,494	2,632
Total Common Equity	466	401	554	761	1,032	1,390	2,214	2,257	2,340	2,494	2,632
Common Stock	444	450	461	477	500	526	954	1,017	1,071	1,134	1,188
Retained Earnings	358	456	611	831	1,084	1,433	1,966	2,316	2,519	2,844	3,004
Treasury Stock	-112	-262	-294	-321	-325	-332	-449	-808	-1,033	-1,197	-1,358
Accumulated Other Comprehensive Income / (Loss)	-22	-40	-21	-24	-25	-34	-55	-65	-15	-85	0.87
Other Equity Adjustments	-202	-202	-202	-202	-202	-202	-202	-202	-202	-202	-202
Noncontrolling Interest	0.00	-0.01	0.28	0.71	0.47	-0.09	0.31	1.87	2.82	3.17	5.88

This table presents Generac's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026	9/30/2026
Total Assets	5,093	5,130	5,119	5,187	5,109	5,060	5,389	5,598	5,593	5,772	6,138
Total Current Assets	1,998	2,054	2,056	2,073	2,032	1,989	2,246	2,502	2,449	2,433	2,796
Cash & Equivalents	201	249	218	214	281	187	224	300	266	265	394
Accounts Receivable	537	521	610	659	612	590	649	680	627	669	846
Inventories, net	1,167	1,182	1,152	1,096	1,032	1,095	1,254	1,330	1,252	1,239	1,293
Prepaid Expenses	92	101	75	105	107	116	119	192	305	260	264
Plant, Property, & Equipment, net	599	605	623	640	690	710	767	779	820	863	874
Total Noncurrent Assets	2,497	2,470	2,440	2,474	2,387	2,362	2,376	2,317	2,325	2,476	2,468
Goodwill	1,432	1,429	1,433	1,454	1,436	1,443	1,469	1,465	1,487	1,652	1,649
Intangible Assets	846	822	799	790	759	742	727	700	689	701	673
Noncurrent Deferred & Refundable Income Taxes	16	16	17	12	24	31	42	20	38	8.11	6.23
Other Noncurrent Operating Assets	203	203	191	218	168	146	139	132	111	115	139
Total Liabilities & Shareholders' Equity	5,093	5,130	5,119	5,187	5,109	5,060	5,389	5,598	5,593	5,772	6,138
Total Liabilities	2,744	2,750	2,746	2,774	2,612	2,587	2,814	2,948	2,918	2,894	3,126
Total Current Liabilities	881	898	913	1,019	1,033	1,008	1,121	1,146	1,208	1,190	1,417
Short-Term Debt	128	122	117	165	123	129	130	63	70	80	90
Accounts Payable	341	381	406	425	459	440	596	621	463	556	629
Accrued Expenses	357	349	328	352	370	389	340	394	619	491	616
Current Employee Benefit Liabilities	55	46	61	78	81	50	55	68	56	62	82
Total Noncurrent Liabilities	1,863	1,852	1,833	1,755	1,579	1,580	1,692	1,802	1,710	1,704	1,709
Long-Term Debt	1,448	1,440	1,445	1,361	1,211	1,196	1,293	1,357	1,254	1,249	1,244
Noncurrent Deferred Revenue	167	173	176	186	193	200	200	209	237	228	238
Noncurrent Deferred & Payable Income Tax Liabilities	90	85	71	62	33	34	35	62	57	54	50
Other Noncurrent Operating Liabilities	158	155	142	146	142	150	164	174	163	173	176
Redeemable Noncontrolling Interest	6.55	9.12	0.00	0.00	0.00	-	-	0.93	0.60	0.37	0.09
Total Equity & Noncontrolling Interests	2,343	2,370	2,373	2,412	2,497	2,473	2,575	2,649	2,675	2,878	3,012
Total Preferred & Common Equity	2,340	2,367	2,370	2,409	2,494	2,469	2,571	2,644	2,675	2,878	3,012
Total Common Equity	2,340	2,367	2,370	2,409	2,494	2,469	2,571	2,644	2,675	2,878	3,012
Common Stock	1,071	1,083	1,102	1,116	1,134	1,147	1,162	1,177	1,196	1,212	1,246
Retained Earnings	2,519	2,543	2,602	2,716	2,844	2,888	2,962	3,028	3,077	3,220	3,329
Treasury Stock	-1,033	-1,037	-1,088	-1,192	-1,197	-1,303	-1,354	-1,357	-1,379	-1,335	-1,337
Accumulated Other Comprehensive Income / (Loss)	-15	-19	-44	-28	-85	-60	3.11	-2.29	-18	-18	-23
Other Equity Adjustments	-202	-202	-202	-202	-202	-202	-202	-202	-202	-202	-202
Noncontrolling Interest	2.82	2.91	2.81	3.02	3.17	3.80	4.67	5.15	0.01	0.01	0.01

This table displays calculated financial ratios and metrics derived from Generac's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.83%	9.90%	16.00%	20.49%	8.94%	12.74%	50.38%	22.14%	-11.88%	6.79%	-2.02%
EBITDA Growth	-38.01%	18.91%	17.27%	33.84%	5.28%	29.05%	49.26%	-11.85%	-23.20%	28.02%	-32.18%
EBIT Growth	-44.56%	16.60%	23.78%	42.83%	2.23%	32.75%	51.76%	-22.34%	-31.75%	39.30%	-46.87%
NOPAT Growth	-42.75%	12.93%	53.14%	41.08%	6.07%	26.90%	55.67%	-21.54%	-36.57%	43.86%	-43.59%
Net Income Growth	-55.47%	24.99%	64.19%	51.18%	4.60%	37.62%	60.29%	-26.54%	-46.90%	45.99%	-49.10%
EPS Growth	-55.02%	31.25%	72.11%	39.92%	13.84%	35.98%	51.46%	-34.70%	-39.67%	64.83%	-50.09%
Operating Cash Flow Growth	-25.44%	27.84%	6.72%	-3.92%	24.94%	57.51%	-15.49%	-85.77%	791.50%	42.10%	-40.92%
Free Cash Flow Firm Growth	-45.80%	17.73%	117.52%	-36.88%	1.21%	145.00%	-335.11%	87.16%	316.46%	152.99%	-73.84%
Invested Capital Growth	1.79%	1.68%	-2.21%	9.60%	9.75%	0.98%	84.10%	18.13%	1.53%	-4.66%	2.26%
Revenue Q/Q Growth	-3.39%	4.54%	4.84%	3.33%	1.26%	7.35%	8.92%	-0.39%	0.36%	4.15%	-3.29%
EBITDA Q/Q Growth	-19.35%	24.62%	7.17%	2.71%	-1.55%	16.65%	1.83%	-7.98%	9.19%	7.35%	-29.34%
EBIT Q/Q Growth	-23.63%	32.40%	8.62%	3.40%	-3.33%	19.58%	0.57%	-11.49%	12.83%	9.77%	-42.16%
NOPAT Q/Q Growth	-27.51%	32.23%	32.62%	-2.46%	0.28%	13.07%	4.17%	-12.32%	8.99%	12.11%	-42.08%
Net Income Q/Q Growth	-34.09%	46.46%	35.97%	-2.24%	-2.61%	18.84%	3.92%	-14.99%	11.80%	7.04%	-46.74%
EPS Q/Q Growth	-33.33%	47.00%	36.76%	-2.75%	-1.95%	18.36%	0.85%	-18.37%	29.25%	12.29%	-48.66%
Operating Cash Flow Q/Q Growth	0.69%	-0.06%	10.81%	-10.33%	27.62%	9.73%	-27.57%	201.63%	70.71%	3.13%	-25.54%
Free Cash Flow Firm Q/Q Growth	111.43%	7.50%	10.21%	-19.00%	59.55%	-9.60%	-864.77%	84.63%	2,295.62%	35.58%	-57.00%
Invested Capital Q/Q Growth	-5.92%	-4.31%	-2.58%	-0.66%	-3.67%	1.04%	34.23%	3.84%	-1.68%	-4.65%	-3.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.92%	35.39%	34.82%	35.83%	36.19%	38.53%	36.39%	33.34%	33.94%	38.77%	38.29%
EBITDA Margin	16.42%	17.76%	17.96%	19.95%	19.28%	22.07%	21.90%	15.81%	13.78%	16.51%	11.43%
Operating Margin	13.63%	14.00%	14.92%	17.65%	16.88%	19.28%	19.30%	12.41%	9.60%	12.49%	6.87%
EBIT Margin	12.94%	13.73%	14.65%	17.37%	16.30%	19.19%	19.37%	12.32%	9.54%	12.44%	6.75%
Profit (Net Income) Margin	5.90%	6.71%	9.50%	11.92%	11.45%	13.97%	14.89%	8.96%	5.40%	7.38%	3.83%
Tax Burden Percent	63.22%	63.23%	78.33%	77.54%	78.94%	77.82%	80.48%	80.41%	74.79%	77.42%	81.06%
Interest Burden Percent	72.13%	77.31%	82.78%	88.51%	88.95%	93.54%	95.53%	90.45%	75.67%	76.61%	70.11%
Effective Tax Rate	36.78%	36.77%	21.67%	22.46%	21.06%	22.18%	19.52%	19.59%	25.21%	22.58%	18.94%
Return on Invested Capital (ROIC)	8.20%	9.10%	13.98%	19.03%	18.41%	22.22%	24.23%	13.45%	7.82%	11.42%	6.53%
ROIC Less NNEP Spread (ROIC-NNEP)	4.25%	5.87%	9.84%	14.23%	11.90%	15.86%	19.74%	9.08%	2.45%	3.30%	-0.62%
Return on Net Nonoperating Assets (RNNOA)	8.07%	12.49%	16.93%	14.93%	7.92%	5.01%	5.63%	4.17%	1.39%	1.65%	-0.25%
Return on Equity (ROE)	16.27%	21.59%	30.91%	33.96%	26.33%	27.23%	29.85%	17.62%	9.20%	13.08%	6.28%
Cash Return on Invested Capital (CROIC)	6.43%	7.43%	16.22%	9.88%	9.12%	21.24%	-34.98%	-3.18%	6.30%	16.19%	4.29%
Operating Return on Assets (OROA)	9.31%	10.92%	12.66%	15.79%	14.11%	16.17%	17.84%	11.19%	7.48%	10.48%	5.32%
Return on Assets (ROA)	4.25%	5.34%	8.21%	10.84%	9.91%	11.77%	13.72%	8.14%	4.23%	6.21%	3.02%
Return on Common Equity (ROCE)	16.27%	20.80%	28.59%	31.43%	24.64%	25.86%	28.86%	16.97%	8.96%	13.05%	6.27%
Return on Equity Simple (ROE_SIMPLE)	16.69%	24.23%	28.80%	31.72%	24.44%	24.97%	25.14%	18.11%	9.28%	12.71%	0.00%
Net Operating Profit after Tax (NOPAT)	114	128	196	277	294	373	580	455	289	416	234
NOPAT Margin	8.62%	8.85%	11.69%	13.69%	13.33%	15.00%	15.53%	9.98%	7.18%	9.67%	5.57%
Net Nonoperating Expense Percent (NNEP)	3.95%	3.24%	4.14%	4.80%	6.51%	6.36%	4.48%	4.37%	5.37%	8.12%	7.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	12.34%	7.37%	10.84%	5.90%
Cost of Revenue to Revenue	65.08%	64.61%	65.18%	64.17%	63.81%	61.47%	63.61%	66.66%	66.06%	61.23%	61.71%
SG&A Expenses to Revenue	4.02%	5.16%	5.22%	5.13%	4.95%	4.76%	3.86%	4.30%	6.30%	6.64%	10.03%
R&D to Revenue	2.50%	2.57%	2.55%	2.47%	3.10%	3.23%	2.79%	3.50%	4.31%	5.11%	5.78%
Operating Expenses to Revenue	21.29%	21.39%	19.90%	18.18%	19.31%	19.26%	17.10%	20.94%	24.34%	26.28%	31.42%
Earnings before Interest and Taxes (EBIT)	170	199	246	351	359	477	724	562	384	534	284
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	216	257	302	404	425	548	819	722	554	709	481
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.29	6.48	5.56	4.06	6.09	10.28	10.03	2.83	3.39	3.70	3.04
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	58.80	0.00	0.00	128.49	30.80	16.33
Price to Revenue (P/Rev)	1.52	1.80	1.83	1.52	2.85	5.75	5.94	1.40	1.97	2.15	1.90
Price to Earnings (P/E)	25.72	26.77	19.51	12.95	24.96	40.76	40.33	15.96	37.00	29.16	50.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.89%	3.74%	5.13%	7.72%	4.01%	2.45%	2.48%	6.26%	2.70%	3.43%	1.99%
Enterprise Value to Invested Capital (EV/IC)	2.10	2.55	2.82	2.53	4.15	8.65	7.44	2.12	2.50	2.90	2.48
Enterprise Value to Revenue (EV/Rev)	2.22	2.50	2.33	1.90	3.14	5.87	6.18	1.71	2.32	2.39	2.14
Enterprise Value to EBITDA (EV/EBITDA)	13.55	14.08	12.97	9.53	16.31	26.60	28.21	10.79	16.82	14.49	18.71
Enterprise Value to EBIT (EV/EBIT)	17.18	18.21	15.90	10.94	19.28	30.58	31.90	13.85	24.30	19.24	31.70
Enterprise Value to NOPAT (EV/NOPAT)	25.81	28.23	19.93	13.88	23.58	39.12	39.79	17.10	32.28	24.74	38.40
Enterprise Value to Operating Cash Flow (EV/OCF)	15.53	15.01	15.21	15.55	22.43	29.98	56.17	133.09	17.87	13.87	20.55
Enterprise Value to Free Cash Flow (EV/FCFF)	32.95	34.57	17.18	26.76	47.63	40.93	0.00	0.00	40.05	17.46	58.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.25	2.42	1.55	1.12	0.82	0.61	0.43	0.60	0.67	0.53	0.51
Long-Term Debt to Equity	2.23	2.32	1.52	1.07	0.77	0.58	0.40	0.58	0.62	0.48	0.48
Financial Leverage	1.90	2.13	1.72	1.05	0.67	0.32	0.29	0.46	0.57	0.50	0.40
Leverage Ratio	3.83	4.04	3.77	3.13	2.66	2.31	2.18	2.16	2.17	2.10	2.08
Compound Leverage Factor	2.76	3.13	3.12	2.77	2.36	2.16	2.08	1.96	1.65	1.61	1.46
Debt to Total Capital	69.19%	70.80%	60.82%	52.91%	45.10%	37.80%	30.14%	37.65%	40.13%	34.82%	33.56%
Short-Term Debt to Total Capital	0.61%	3.10%	1.45%	2.72%	3.07%	1.85%	2.40%	1.62%	3.25%	3.22%	1.83%
Long-Term Debt to Total Capital	68.58%	67.70%	59.37%	50.19%	42.04%	35.95%	27.74%	36.02%	36.88%	31.60%	31.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	2.23%	2.90%	3.53%	3.10%	2.82%	1.79%	2.96%	0.24%	0.08%	0.17%
Common Equity to Total Capital	30.81%	26.97%	36.28%	43.55%	51.80%	59.37%	68.07%	59.40%	59.63%	65.10%	66.27%
Debt to EBITDA	4.84	4.09	3.08	2.29	2.12	1.61	1.20	1.98	2.84	1.88	2.77
Net Debt to EBITDA	4.30	3.83	2.62	1.73	1.36	0.42	1.02	1.80	2.48	1.48	2.06
Long-Term Debt to EBITDA	4.80	3.92	3.01	2.17	1.97	1.54	1.10	1.90	2.61	1.71	2.62
Debt to NOPAT	9.22	8.21	4.73	3.34	3.06	2.37	1.69	3.14	5.45	3.21	5.69
Net Debt to NOPAT	8.20	7.69	4.03	2.53	1.96	0.62	1.43	2.85	4.76	2.53	4.23
Long-Term Debt to NOPAT	9.14	7.85	4.62	3.16	2.85	2.26	1.55	3.01	5.01	2.91	5.38
Altman Z-Score	2.54	2.79	3.20	3.22	4.56	7.08	7.10	3.51	3.73	4.32	3.58
Noncontrolling Interest Sharing Ratio	0.00%	3.68%	7.49%	7.46%	6.44%	5.01%	3.34%	3.68%	2.58%	0.26%	0.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.96	2.00	2.08	2.00	2.41	2.60	1.60	2.20	2.27	1.97	2.03
Quick Ratio	1.40	0.90	1.05	0.98	1.29	1.61	0.60	0.66	0.84	0.86	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	89	105	228	144	145	356	-838	-108	233	589	154
Operating Cash Flow to CapEx	617.49%	828.40%	775.56%	521.72%	508.82%	785.38%	374.69%	69.57%	413.49%	542.99%	262.62%
Free Cash Flow to Firm to Interest Expense	1.87	2.32	5.34	3.40	3.43	10.80	-24.80	-1.96	2.38	6.23	2.14
Operating Cash Flow to Interest Expense	3.96	5.34	6.03	5.85	7.27	14.75	12.17	1.07	5.34	7.84	6.09
Operating Cash Flow Less CapEx to Interest Expense	3.32	4.70	5.25	4.73	5.84	12.87	8.92	-0.47	4.05	6.39	3.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.80	0.86	0.91	0.87	0.84	0.92	0.91	0.78	0.84	0.79
Accounts Receivable Turnover	7.10	6.83	6.44	6.68	6.83	7.16	8.11	8.54	7.59	7.47	6.93
Inventory Turnover	2.66	2.77	2.97	2.79	2.64	2.71	2.81	2.44	2.07	2.39	2.28
Fixed Asset Turnover	7.46	7.29	7.58	7.95	7.40	7.52	9.52	10.05	7.55	6.67	5.60
Accounts Payable Turnover	7.13	6.45	5.27	4.62	4.77	5.16	4.73	5.43	6.75	6.58	5.80
Days Sales Outstanding (DSO)	51.44	53.45	56.63	54.60	53.46	51.00	44.99	42.74	48.08	48.83	52.67
Days Inventory Outstanding (DIO)	137.25	131.73	122.84	130.97	138.41	134.45	129.98	149.65	176.71	152.59	160.23
Days Payable Outstanding (DPO)	51.21	56.56	69.22	78.95	76.56	70.75	77.12	67.19	54.04	55.47	62.90
Cash Conversion Cycle (CCC)	137.48	128.63	110.26	106.62	115.31	114.69	97.86	125.20	170.75	145.95	150.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,396	1,420	1,388	1,522	1,670	1,686	3,105	3,668	3,724	3,550	3,631
Invested Capital Turnover	0.95	1.03	1.20	1.39	1.38	1.48	1.56	1.35	1.09	1.18	1.17
Increase / (Decrease) in Invested Capital	25	24	-31	133	148	16	1,418	563	56	-173	80
Enterprise Value (EV)	2,930	3,620	3,913	3,846	6,929	14,587	23,094	7,788	9,323	10,281	9,001
Market Capitalization	1,999	2,601	3,078	3,084	6,291	14,291	22,203	6,377	7,939	9,225	8,003
Book Value per Share	$6.94	$6.28	$8.91	$12.26	$16.51	$22.12	$35.09	$35.63	$38.10	$41.92	$44.86
Tangible Book Value per Share	($6.86)	($8.75)	($6.49)	($4.04)	($1.13)	$3.87	($3.76)	($1.17)	$1.01	$5.03	$8.35
Total Capital	1,512	1,487	1,527	1,746	1,993	2,342	3,252	3,801	3,925	3,832	3,972
Total Debt	1,046	1,053	929	924	899	885	980	1,431	1,575	1,334	1,333
Total Long-Term Debt	1,037	1,007	907	876	838	842	902	1,369	1,448	1,211	1,260
Net Debt	931	986	790	699	576	230	833	1,298	1,374	1,053	992
Capital Expenditures (CapEx)	31	29	33	47	61	62	110	84	126	137	167
Debt-free, Cash-free Net Working Capital (DFCFNWC)	312	320	312	383	437	417	623	1,119	1,044	841	979
Debt-free Net Working Capital (DFNWC)	428	388	450	608	760	1,072	771	1,252	1,245	1,122	1,320
Net Working Capital (NWC)	419	342	428	560	699	1,028	693	1,190	1,117	999	1,247
Net Nonoperating Expense (NNE)	36	31	37	36	41	26	24	47	72	99	73
Net Nonoperating Obligations (NNO)	931	986	790	699	576	230	833	1,298	1,374	1,053	992
Total Depreciation and Amortization (D&A)	46	58	56	52	66	71	95	159	170	175	197
Debt-free, Cash-free Net Working Capital to Revenue	23.70%	22.14%	18.57%	18.93%	19.82%	16.76%	16.68%	24.52%	25.94%	19.58%	23.25%
Debt-free Net Working Capital to Revenue	32.49%	26.78%	26.81%	30.03%	34.47%	43.12%	20.62%	27.43%	30.94%	26.13%	31.36%
Net Working Capital to Revenue	31.79%	23.59%	25.49%	27.68%	31.70%	41.37%	18.53%	26.08%	27.77%	23.26%	29.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.14	$1.51	$2.58	$3.57	$4.09	$5.61	$8.51	$5.55	$3.31	$5.46	$2.73
Adjusted Weighted Average Basic Shares Outstanding	68.10M	64.91M	62.04M	61.66M	61.93M	62.28M	62.69M	63.12M	61.27M	59.56M	58.52M
Adjusted Diluted Earnings per Share	$1.12	$1.50	$2.56	$3.54	$4.03	$5.48	$8.30	$5.42	$3.27	$5.39	$2.69
Adjusted Weighted Average Diluted Shares Outstanding	69.20M	65.38M	62.64M	62.23M	62.87M	63.74M	64.25M	64.68M	62.06M	60.35M	59.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.37M	62.74M	62.33M	62.13M	62.57M	62.86M	63.78M	61.89M	60.27M	59.61M	58.68M
Normalized Net Operating Profit after Tax (NOPAT)	139	128	196	277	295	374	598	455	289	416	234
Normalized NOPAT Margin	10.57%	8.85%	11.69%	13.69%	13.39%	15.05%	15.99%	9.98%	7.18%	9.67%	5.57%
Pre Tax Income Margin	9.34%	10.62%	12.13%	15.37%	14.50%	17.95%	18.50%	11.14%	7.22%	9.53%	4.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.58	4.40	5.77	8.31	8.46	14.46	21.43	10.25	3.93	5.65	3.95
NOPAT to Interest Expense	2.38	2.84	4.60	6.55	6.92	11.30	17.18	8.31	2.96	4.39	3.26
EBIT Less CapEx to Interest Expense	2.94	3.76	4.99	7.19	7.03	12.58	18.18	8.72	2.64	4.21	1.63
NOPAT Less CapEx to Interest Expense	1.74	2.20	3.82	5.43	5.49	9.42	13.93	6.77	1.67	2.95	0.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.85%	0.08%	0.00%	0.13%	0.11%	0.00%	0.00%	0.08%	0.00%	0.09%	0.18%
Augmented Payout Ratio	130.39%	154.37%	18.81%	10.77%	0.11%	0.00%	27.52%	84.75%	164.13%	51.15%	91.85%

This table displays calculated financial ratios and metrics derived from Generac's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	58,675,827.00	58,868,681.00	59,006,361.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	58,675,827.00	58,868,681.00	59,006,361.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	1.25	2.43	1.85
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.15%	-0.22%	9.61%	16.09%	5.94%	6.31%	-5.05%	-11.60%	12.44%	10.59%	16.19%
EBITDA Growth	28.28%	14.30%	43.58%	25.11%	19.03%	7.32%	-28.34%	-82.50%	29.37%	63.21%	42.88%
EBIT Growth	49.94%	19.43%	62.19%	31.68%	25.43%	5.46%	-39.28%	-104.73%	34.17%	82.64%	55.89%
NOPAT Growth	60.64%	21.61%	64.22%	39.42%	37.66%	19.53%	-32.77%	-104.06%	40.03%	71.31%	39.51%
Net Income Growth	86.98%	29.74%	87.65%	21.55%	67.23%	26.04%	-41.48%	-120.34%	65.12%	92.14%	63.64%
EPS Growth	680.00%	38.57%	94.85%	38.06%	87.18%	28.87%	-40.74%	-119.16%	69.86%	92.00%	63.39%
Operating Cash Flow Growth	702.93%	-6.59%	51.49%	7.10%	-48.03%	-7.05%	-44.24%	-44.25%	105.13%	67.91%	44.44%
Free Cash Flow Firm Growth	132.90%	156.17%	210.32%	464.18%	-16.04%	-84.52%	-78.74%	-125.99%	-124.08%	-127.76%	-245.30%
Invested Capital Growth	-3.30%	-3.69%	-1.68%	-4.66%	-2.20%	1.58%	1.24%	2.26%	3.42%	4.45%	4.83%
Revenue Q/Q Growth	-16.40%	12.25%	17.57%	5.22%	-23.70%	12.64%	5.01%	-2.05%	-2.94%	10.77%	10.33%
EBITDA Q/Q Growth	-43.51%	33.68%	44.96%	14.29%	-46.26%	20.53%	-3.20%	-72.09%	297.35%	52.06%	-15.26%
EBIT Q/Q Growth	-55.73%	53.93%	64.29%	17.61%	-57.83%	29.43%	-5.40%	-109.16%	1,296.90%	76.18%	-19.26%
NOPAT Q/Q Growth	-60.11%	68.51%	68.20%	23.31%	-60.61%	46.31%	-5.39%	-107.44%	1,459.19%	78.99%	-22.96%
Net Income Q/Q Growth	-72.65%	123.03%	92.67%	3.42%	-62.37%	68.10%	-10.55%	-135.95%	405.47%	95.60%	-23.82%
EPS Q/Q Growth	-74.84%	148.72%	94.85%	13.23%	-65.89%	71.23%	-10.40%	-136.61%	402.44%	93.55%	-23.75%
Operating Cash Flow Q/Q Growth	-64.69%	-30.59%	173.34%	59.90%	-82.87%	24.14%	63.98%	59.88%	-36.97%	1.61%	41.07%
Free Cash Flow Firm Q/Q Growth	190.33%	27.76%	-11.65%	72.15%	-56.80%	-76.44%	21.35%	-310.40%	59.97%	72.84%	-535.12%
Invested Capital Q/Q Growth	-0.87%	0.66%	0.21%	-4.65%	1.69%	4.54%	-0.12%	-3.69%	2.84%	5.59%	0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.58%	37.62%	40.24%	40.61%	39.48%	39.27%	38.31%	36.29%	38.72%	44.47%	39.86%
EBITDA Margin	12.29%	14.64%	18.05%	19.61%	13.81%	14.78%	13.62%	3.88%	15.89%	21.81%	16.75%
Operating Margin	7.52%	10.34%	14.37%	16.04%	8.88%	10.53%	9.25%	-0.85%	11.07%	17.93%	12.40%
EBIT Margin	7.47%	10.25%	14.32%	16.01%	8.85%	10.17%	9.16%	-0.86%	10.56%	16.79%	12.29%
Profit (Net Income) Margin	2.98%	5.92%	9.70%	9.53%	4.70%	7.01%	5.97%	-2.19%	6.90%	12.19%	8.41%
Tax Burden Percent	68.75%	75.04%	77.28%	81.15%	75.67%	82.84%	84.99%	86.58%	75.56%	75.39%	76.11%
Interest Burden Percent	57.96%	76.93%	87.61%	73.37%	70.21%	83.30%	76.77%	295.88%	86.53%	96.29%	89.99%
Effective Tax Rate	31.25%	24.96%	22.72%	18.85%	24.33%	17.16%	15.01%	0.00%	24.44%	24.61%	23.89%
Return on Invested Capital (ROIC)	5.54%	8.24%	12.20%	15.37%	8.00%	10.28%	9.13%	-0.70%	9.86%	15.55%	11.29%
ROIC Less NNEP Spread (ROIC-NNEP)	4.14%	6.91%	10.98%	11.83%	6.45%	8.85%	7.40%	-2.40%	8.44%	14.17%	10.00%
Return on Net Nonoperating Assets (RNNOA)	2.44%	4.00%	6.26%	5.92%	3.26%	4.55%	3.56%	-0.96%	3.60%	5.88%	3.64%
Return on Equity (ROE)	7.98%	12.24%	18.45%	21.29%	11.26%	14.83%	12.69%	-1.66%	13.46%	21.43%	14.93%
Cash Return on Invested Capital (CROIC)	11.49%	12.19%	11.57%	16.19%	14.04%	10.36%	9.56%	4.29%	3.69%	4.03%	4.58%
Operating Return on Assets (OROA)	5.82%	7.89%	11.41%	13.48%	7.55%	8.54%	7.39%	-0.67%	8.57%	13.35%	9.67%
Return on Assets (ROA)	2.32%	4.56%	7.73%	8.02%	4.01%	5.89%	4.82%	-1.73%	5.61%	9.69%	6.62%
Return on Common Equity (ROCE)	7.95%	12.21%	18.41%	21.24%	11.22%	14.80%	12.67%	-1.65%	13.45%	21.41%	14.92%
Return on Equity Simple (ROE_SIMPLE)	9.69%	10.25%	12.29%	0.00%	13.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	46	77	130	161	63	93	88	-6.52	89	159	122
NOPAT Margin	5.17%	7.76%	11.10%	13.01%	6.72%	8.73%	7.86%	-0.60%	8.37%	13.52%	9.44%
Net Nonoperating Expense Percent (NNEP)	1.40%	1.33%	1.21%	3.54%	1.55%	1.43%	1.73%	1.70%	1.41%	1.38%	1.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	4.19%	1.67%	2.32%	2.15%	-0.16%	2.22%	3.77%	2.81%
Cost of Revenue to Revenue	64.42%	62.38%	59.76%	59.39%	60.52%	60.73%	61.69%	63.71%	61.28%	55.53%	60.14%
SG&A Expenses to Revenue	7.51%	6.55%	6.58%	6.13%	7.93%	7.49%	8.41%	15.97%	7.20%	6.23%	6.81%
R&D to Revenue	5.56%	5.41%	4.85%	4.80%	6.59%	5.69%	5.39%	5.59%	5.91%	5.61%	4.93%
Operating Expenses to Revenue	28.06%	27.28%	25.87%	24.57%	30.61%	28.74%	29.06%	37.14%	27.65%	26.53%	27.45%
Earnings before Interest and Taxes (EBIT)	66	102	168	198	83	108	102	-9.34	112	197	159
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	109	146	212	242	130	157	152	42	168	256	217
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.27	3.38	3.97	3.70	3.06	3.29	3.72	3.04	4.29	5.99	4.05
Price to Tangible Book Value (P/TBV)	66.65	58.19	57.68	30.80	26.53	22.55	20.53	16.33	22.96	32.87	17.70
Price to Revenue (P/Rev)	1.93	1.99	2.32	2.15	1.74	1.92	2.26	1.90	2.65	3.88	2.64
Price to Earnings (P/E)	33.93	33.07	32.32	29.16	22.61	24.26	32.61	50.16	60.65	66.76	40.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.95%	3.02%	3.09%	3.43%	4.42%	4.12%	3.07%	1.99%	1.65%	1.50%	2.47%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.52	2.92	2.90	2.41	2.56	2.90	2.48	3.35	4.64	3.33
Enterprise Value to Revenue (EV/Rev)	2.25	2.33	2.64	2.39	2.00	2.19	2.52	2.14	2.89	4.12	2.85
Enterprise Value to EBITDA (EV/EBITDA)	15.69	15.69	16.45	14.49	11.90	13.04	16.08	18.71	24.11	29.59	19.24
Enterprise Value to EBIT (EV/EBIT)	22.36	22.16	22.33	19.24	15.76	17.35	22.30	31.70	40.08	45.58	28.68
Enterprise Value to NOPAT (EV/NOPAT)	29.69	29.32	29.33	24.74	20.14	21.64	27.05	38.40	48.39	56.58	36.65
Enterprise Value to Operating Cash Flow (EV/OCF)	13.91	14.48	15.12	13.87	12.64	14.17	18.61	20.55	25.08	33.39	21.89
Enterprise Value to Free Cash Flow (EV/FCFF)	21.03	20.28	25.02	17.46	16.96	24.90	30.55	58.41	92.50	117.76	74.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.66	0.63	0.53	0.54	0.55	0.54	0.51	0.49	0.46	0.44
Long-Term Debt to Equity	0.61	0.61	0.56	0.48	0.48	0.50	0.51	0.48	0.47	0.43	0.41
Financial Leverage	0.59	0.58	0.57	0.50	0.50	0.51	0.48	0.40	0.43	0.42	0.36
Leverage Ratio	2.19	2.18	2.16	2.10	2.10	2.12	2.13	2.08	2.07	2.05	2.07
Compound Leverage Factor	1.27	1.67	1.90	1.54	1.47	1.77	1.64	6.15	1.79	1.97	1.87
Debt to Total Capital	39.62%	39.69%	38.74%	34.82%	34.88%	35.59%	34.89%	33.56%	33.10%	31.60%	30.69%
Short-Term Debt to Total Capital	3.08%	2.97%	4.18%	3.22%	3.39%	3.25%	1.55%	1.83%	1.76%	1.91%	2.07%
Long-Term Debt to Total Capital	36.54%	36.72%	34.55%	31.60%	31.49%	32.34%	33.34%	31.73%	31.34%	29.69%	28.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.31%	0.07%	0.08%	0.08%	0.10%	0.12%	0.15%	0.17%	0.02%	0.01%	0.00%
Common Equity to Total Capital	60.08%	60.24%	61.19%	65.10%	65.02%	64.30%	64.96%	66.27%	66.88%	68.40%	69.31%
Debt to EBITDA	2.70	2.62	2.31	1.88	1.81	1.92	2.09	2.77	2.55	2.15	1.95
Net Debt to EBITDA	2.27	2.25	1.98	1.48	1.56	1.62	1.65	2.06	2.04	1.72	1.38
Long-Term Debt to EBITDA	2.49	2.42	2.06	1.71	1.64	1.74	1.99	2.62	2.41	2.02	1.82
Debt to NOPAT	5.11	4.89	4.12	3.21	3.07	3.18	3.51	5.69	5.12	4.11	3.72
Net Debt to NOPAT	4.29	4.21	3.54	2.53	2.64	2.68	2.77	4.23	4.09	3.29	2.62
Long-Term Debt to NOPAT	4.71	4.52	3.67	2.91	2.77	2.89	3.35	5.38	4.84	3.86	3.47
Altman Z-Score	3.48	3.58	3.95	4.10	3.70	3.71	3.88	3.41	4.23	5.49	4.21
Noncontrolling Interest Sharing Ratio	0.38%	0.23%	0.23%	0.26%	0.33%	0.15%	0.18%	0.19%	0.09%	0.09%	0.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.29	2.25	2.03	1.97	1.97	2.00	2.18	2.03	2.03	2.04	1.97
Quick Ratio	0.86	0.91	0.86	0.86	0.77	0.78	0.86	0.78	0.74	0.78	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	172	220	194	334	144	34	41	-87	-35	-9.44	-60
Operating Cash Flow to CapEx	418.01%	278.19%	743.09%	637.27%	188.30%	124.96%	541.87%	336.32%	405.77%	207.98%	435.87%
Free Cash Flow to Firm to Interest Expense	7.28	9.42	6.99	16.81	8.44	1.86	2.10	-5.14	-2.26	-0.56	-3.66
Operating Cash Flow to Interest Expense	4.74	3.33	7.64	17.08	3.40	3.96	6.01	11.21	7.76	7.22	10.44
Operating Cash Flow Less CapEx to Interest Expense	3.61	2.13	6.62	14.40	1.59	0.79	4.90	7.88	5.85	3.75	8.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.77	0.80	0.84	0.85	0.84	0.81	0.79	0.81	0.80	0.79
Accounts Receivable Turnover	7.96	6.99	6.61	7.47	7.83	7.01	6.50	6.93	7.11	6.74	6.05
Inventory Turnover	2.00	1.98	2.14	2.39	2.31	2.20	2.17	2.28	2.28	2.15	2.12
Fixed Asset Turnover	7.35	7.13	7.16	6.67	6.61	6.35	6.14	5.60	5.66	5.45	5.59
Accounts Payable Turnover	6.48	5.96	6.28	6.58	6.40	5.28	5.04	5.80	5.93	4.66	4.44
Days Sales Outstanding (DSO)	45.86	52.21	55.21	48.83	46.62	52.08	56.13	52.67	51.32	54.19	60.30
Days Inventory Outstanding (DIO)	182.91	184.16	170.80	152.59	158.19	165.76	167.96	160.23	160.03	169.53	172.46
Days Payable Outstanding (DPO)	56.36	61.25	58.12	55.47	57.03	69.06	72.40	62.90	61.54	78.36	82.22
Cash Conversion Cycle (CCC)	172.41	175.13	167.90	145.95	147.78	148.78	151.69	150.00	149.81	145.36	150.54
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,691	3,716	3,724	3,550	3,610	3,774	3,770	3,631	3,734	3,942	3,952
Invested Capital Turnover	1.07	1.06	1.10	1.18	1.19	1.18	1.16	1.17	1.18	1.15	1.20
Increase / (Decrease) in Invested Capital	-126	-142	-64	-173	-81	59	46	80	123	168	182
Enterprise Value (EV)	9,073	9,360	10,871	10,281	8,691	9,665	10,949	9,001	12,520	18,302	13,151
Market Capitalization	7,749	8,014	9,557	9,225	7,550	8,461	9,822	8,003	11,461	17,237	12,211
Book Value per Share	$39.56	$39.09	$40.06	$41.92	$41.42	$43.51	$45.06	$44.86	$45.58	$48.88	$51.05
Tangible Book Value per Share	$1.94	$2.27	$2.75	$5.03	$4.77	$6.35	$8.15	$8.35	$8.51	$8.91	$11.69
Total Capital	3,941	3,934	3,938	3,832	3,798	3,998	4,070	3,972	3,999	4,207	4,346
Total Debt	1,561	1,562	1,525	1,334	1,325	1,423	1,420	1,333	1,324	1,329	1,334
Total Long-Term Debt	1,440	1,445	1,361	1,211	1,196	1,293	1,357	1,260	1,254	1,249	1,244
Net Debt	1,312	1,343	1,311	1,053	1,137	1,199	1,120	992	1,058	1,064	940
Capital Expenditures (CapEx)	27	28	29	53	31	58	22	56	29	58	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,028	1,042	1,004	841	922	1,031	1,119	979	1,046	1,059	1,075
Debt-free Net Working Capital (DFNWC)	1,278	1,260	1,219	1,122	1,110	1,254	1,419	1,320	1,312	1,324	1,469
Net Working Capital (NWC)	1,156	1,143	1,054	999	981	1,124	1,356	1,247	1,241	1,243	1,379
Net Nonoperating Expense (NNE)	19	18	17	43	19	18	21	17	16	16	13
Net Nonoperating Obligations (NNO)	1,312	1,343	1,311	1,053	1,137	1,199	1,120	992	1,058	1,064	940
Total Depreciation and Amortization (D&A)	43	44	44	44	47	49	50	52	57	59	58
Debt-free, Cash-free Net Working Capital to Revenue	25.55%	25.90%	24.35%	19.58%	21.21%	23.36%	25.71%	23.25%	24.18%	23.85%	23.28%
Debt-free Net Working Capital to Revenue	31.75%	31.33%	29.54%	26.13%	25.52%	28.43%	32.60%	31.36%	30.31%	29.82%	31.80%
Net Working Capital to Revenue	28.73%	28.42%	25.55%	23.26%	22.56%	25.49%	31.15%	29.63%	28.69%	28.01%	29.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	$0.99	$1.91	$2.17	$0.74	$1.27	$1.14	($0.42)	$1.25	$2.44	$1.86
Adjusted Weighted Average Basic Shares Outstanding	59.85M	59.88M	59.49M	59.56M	59.06M	58.50M	58.26M	58.52M	58.41M	58.82M	58.85M
Adjusted Diluted Earnings per Share	$0.39	$0.97	$1.89	$2.14	$0.73	$1.25	$1.12	($0.41)	$1.24	$2.40	$1.83
Adjusted Weighted Average Diluted Shares Outstanding	60.49M	60.64M	60.31M	60.35M	59.75M	59.02M	59.12M	59.28M	59.23M	59.64M	59.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.61M	60.15M	59.50M	59.61M	59.08M	58.68M	58.68M	58.68M	58.87M	59.01M	58.99M
Normalized Net Operating Profit after Tax (NOPAT)	46	77	130	161	63	93	88	-6.52	89	159	122
Normalized NOPAT Margin	5.17%	7.76%	11.10%	13.01%	6.72%	8.73%	7.86%	-0.60%	8.37%	13.52%	9.44%
Pre Tax Income Margin	4.33%	7.88%	12.55%	11.74%	6.21%	8.47%	7.03%	-2.53%	9.13%	16.17%	11.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.82	4.39	6.05	9.94	4.87	5.91	5.18	-0.55	7.27	11.74	9.71
NOPAT to Interest Expense	1.95	3.32	4.69	8.08	3.70	5.08	4.45	-0.39	5.76	9.45	7.46
EBIT Less CapEx to Interest Expense	1.68	3.19	5.02	7.26	3.07	2.75	4.07	-3.89	5.36	8.26	7.32
NOPAT Less CapEx to Interest Expense	0.81	2.13	3.66	5.40	1.89	1.91	3.34	-3.72	3.85	5.98	5.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.09%	0.00%	0.16%	0.19%	0.18%	0.00%	0.00%	0.00%
Augmented Payout Ratio	113.60%	128.10%	105.74%	51.15%	74.74%	71.57%	49.01%	91.85%	26.53%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Generac’s recent financial statements show a notable improvement in operating performance. Revenue reached $1.17 billion in Q2 2026, up from $998.2 million in Q2 2024 and $1.06 billion in Q2 2025. Growth accelerated sequentially as well, with revenue rising approximately 10.7% from Q1 2026.

Profitability has improved even more rapidly than sales. Q2 2026 gross profit was $521.8 million, producing a gross margin of approximately 44.5%, compared with 37.6% in Q2 2024. Operating income increased to $210.4 million, or roughly 17.9% of revenue, versus 10.3% in Q2 2024. Net income attributable to common shareholders rose to $143.2 million, or $2.40 per diluted share, compared with $59.1 million and $0.97 per diluted share in Q2 2024.

Cash generation also remains solid, although working-capital demands are significant. Generac generated $121.2 million of operating cash flow in Q2 2026, up from $72.2 million in the year-earlier quarter. The company continues to invest heavily in acquisitions and property, plant and equipment, while debt levels have generally declined since 2023.

Strong earnings momentum: Q2 2026 net income more than doubled from Q2 2024, while diluted EPS increased to $2.40 from $0.97.
Meaningful margin expansion: Gross margin improved from approximately 37.6% in Q2 2024 to 44.5% in Q2 2026, while operating margin rose from 10.3% to 17.9%.
Revenue growth has accelerated: Q2 2026 revenue increased approximately 17% from Q2 2024 and 10.7% sequentially from Q1 2026.
Operating cash flow remains positive: Q2 2026 operating cash flow of $121.2 million was approximately 68% higher than in Q2 2025.
Debt has trended lower: Short- and long-term debt totaled approximately $1.33 billion at June 30, 2026, down from roughly $1.45 billion at year-end 2024 and $1.53 billion at March 31, 2023.
Per-share results benefit from a smaller share base: Q2 2026 basic weighted-average shares of 58.8 million were below the 59.9 million reported in Q2 2024 and the 61.3 million reported in Q4 2023.
Shareholders’ equity has strengthened: Total common equity increased to approximately $2.88 billion at the end of Q2 2026 from $2.49 billion at year-end 2024.
Acquisition spending is elevated: Generac spent $89.0 million on acquisitions in Q2 2026 after spending $122.8 million in Q1. These investments could support future growth, but their success will depend on integration and returns on invested capital.
Working capital absorbed cash: Changes in operating assets and liabilities reduced Q2 2026 operating cash flow by $103.2 million. Accounts receivable and inventory remained substantial at $669.2 million and $1.24 billion, respectively.
Balance-sheet assets contain substantial goodwill and intangibles: Goodwill and intangible assets totaled approximately $2.35 billion, or about 41% of total assets at June 30, 2026. Any impairment could materially affect reported earnings and equity.

Overall, the statements indicate that Generac entered Q2 2026 with stronger revenue growth, expanding margins, higher earnings and improving debt levels. The main issues for investors to monitor are inventory conversion, acquisition execution and the company’s sizable goodwill and intangible-asset balance. Cash declined slightly during Q2 despite positive operating cash flow because investment outlays exceeded internally generated cash.

11/13/26 06:23 PM ETAI Generated. May Contain Errors.

Generac Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Generac's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Generac's net income appears to be on an upward trend, with a most recent value of $161.35 million in 2025, rising from $77.75 million in 2015. The previous period was $316.98 million in 2024. See where experts think Generac is headed by visiting Generac's forecast page.

Generac's total operating income in 2025 was $289.19 million, based on the following breakdown:

Total Gross Profit: $1.61 billion
Total Operating Expenses: $1.32 billion

Over the last 10 years, Generac's total revenue changed from $1.32 billion in 2015 to $4.21 billion in 2025, a change of 219.5%.

In the past 11 quarters, Generac's cash and equivalents has ranged from $187.46 million in Q1 2025 to $393.67 million in Q3 2026, and is currently $393.67 million as of their latest financial filing in Q3 2026.

Generac had total debt of $1.33 billion at the end of 2025, a 0.1% decrease from 2024, and a 27.4% increase since 2015.

Over the last 10 years, Generac's book value per share changed from 6.94 in 2015 to 44.86 in 2025, a change of 546.7%.

Related Companies

Financial statements for NYSE:GNRC last updated on 11/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Generac (GNRC) Financials

Financials Breakdown Chart

Key Financial Trends

Generac Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Generac (GNRC) Financials

Annual Income Statements for Generac

Quarterly Income Statements for Generac

Annual Cash Flow Statements for Generac

Quarterly Cash Flow Statements for Generac

Annual Balance Sheets for Generac

Quarterly Balance Sheets for Generac

Annual Metrics And Ratios for Generac

Quarterly Metrics And Ratios for Generac

Financials Breakdown Chart

Key Financial Trends

Generac Financials - Frequently Asked Questions

When does Generac's financial year end?

How has Generac's net income changed over the last 10 years?

What is Generac's operating income?

How has Generac's revenue changed over the last 10 years?

How much cash does Generac have?

How much debt does Generac have?

How has Generac's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools