Generac (GNRC) Financials

$271.42 +2.01 (+0.75%)

Closing price 03:59 PM Eastern

Extended Trading

$268.99 -2.44 (-0.90%)

As of 07:56 PM Eastern

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
Net Income / (Loss) Attributable to Common Shareholders	60	97	26	59	114	117	44	74	66	-24	73
Consolidated Net Income / (Loss)	61	97	26	59	114	118	44	74	67	-24	73
Net Income / (Loss) Continuing Operations	61	97	26	59	114	118	44	74	67	-24	73
Total Pre-Tax Income	80	127	39	79	147	145	59	90	78	-28	97
Total Operating Income	105	151	67	103	169	198	84	112	103	-9.32	117
Total Gross Profit	376	389	316	376	472	501	372	417	427	396	410
Total Revenue	1,071	1,064	889	998	1,174	1,235	942	1,061	1,114	1,092	1,059
Operating Revenue	1,071	1,064	889	998	1,174	1,235	942	1,061	1,114	1,092	1,059
Total Cost of Revenue	695	675	573	623	701	733	570	644	687	695	649
Operating Cost of Revenue	695	675	573	623	701	733	570	644	687	695	649
Total Operating Expenses	271	238	250	272	304	303	288	305	324	405	293
Selling, General & Admin Expense	83	54	67	65	77	76	75	79	94	174	76
Marketing Expense	118	114	109	128	145	144	126	139	145	145	124
Research & Development Expense	43	44	49	54	57	59	62	60	60	61	63
Amortization Expense	27	25	25	25	24	24	25	26	25	25	30
Total Other Income / (Expense), net	-25	-24	-28	-25	-21	-53	-25	-22	-25	-18	-21
Interest Expense	25	25	24	23	28	20	17	18	20	17	15
Interest & Investment Income	1.16	1.48	-4.33	-0.28	6.96	-33	-7.72	0.22	-4.02	-1.42	0.31
Other Income / (Expense), net	-1.17	-0.88	-0.42	-0.95	-0.58	-0.38	-0.29	-3.92	-1.03	-0.03	-5.47
Income Tax Expense	19	30	12	20	33	27	14	15	12	-3.71	24
Net Income / (Loss) Attributable to Noncontrolling Interest	0.26	0.21	0.25	-0.06	0.04	0.44	0.44	0.41	0.42	0.53	-0.14
Basic Earnings per Share	$0.98	$1.57	$0.39	$0.99	$1.91	$2.17	$0.74	$1.27	$1.14	($0.42)	$1.25
Weighted Average Basic Shares Outstanding	61.37M	61.27M	59.85M	59.88M	59.49M	59.56M	59.06M	58.50M	58.26M	58.52M	58.41M
Diluted Earnings per Share	$0.97	$1.55	$0.39	$0.97	$1.89	$2.14	$0.73	$1.25	$1.12	($0.41)	$1.24
Weighted Average Diluted Shares Outstanding	62.09M	62.06M	60.49M	60.64M	60.31M	60.35M	59.75M	59.02M	59.12M	59.28M	59.23M
Weighted Average Basic & Diluted Shares Outstanding	61.43M	60.27M	60.61M	60.15M	59.50M	59.61M	59.08M	58.68M	58.68M	58.68M	58.87M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
Net Change in Cash & Equivalents	-31	39	48	-31	-4.14	67	-94	36	76	41	-76
Net Cash From Operating Activities	140	317	112	78	212	339	58	72	118	189	119
Net Cash From Continuing Operating Activities	140	312	112	78	212	339	58	72	118	187	119
Net Income / (Loss) Continuing Operations	61	97	26	59	114	118	44	74	67	-24	73
Consolidated Net Income / (Loss)	61	97	26	59	114	118	44	74	67	-24	73
Depreciation Expense	16	17	17	18	19	20	21	23	24	26	26
Amortization Expense	28	26	26	26	25	25	26	26	25	26	31
Non-Cash Adjustments To Reconcile Net Income	9.69	5.98	21	14	14	45	22	22	20	27	18
Changes in Operating Assets and Liabilities, net	26	166	22	-39	41	133	-55	-73	-18	133	-28
Net Cash From Investing Activities	-23	-80	-27	-47	-68	-67	-34	-60	-22	-57	-154
Net Cash From Continuing Investing Activities	-23	-80	-27	-47	-68	-67	-34	-60	-22	-57	-154
Purchase of Property, Plant & Equipment	-24	-51	-27	-28	-29	-53	-31	-58	-22	-59	-29
Acquisitions	0.21	-	-1.63	-18	-3.97	-13	0.00	-	-	-0.76	-123
Purchase of Investments	-0.59	-30	-0.24	-1.66	-37	-0.70	-2.66	-	-0.38	-	0.00
Sale of Property, Plant & Equipment	0.13	0.96	0.05	0.03	0.06	0.07	0.05	-0.05	0.04	3.04	0.00
Other Investing Activities, net	1.06	0.76	-	-	-	-	0.00	-	-	-0.34	-1.53
Net Cash From Financing Activities	-147	-200	-36	-60	-150	-202	-120	18	-20	-91	-41
Net Cash From Continuing Financing Activities	-147	-200	-36	-60	-150	-202	-120	18	-20	-91	-41
Repayment of Debt	-77	-67	-26	-28	-559	-240	-34	-25	-69	-94	-27
Repurchase of Common Equity	-100	-151	-9.12	-51	-102	-	-97	-50	-	-	0.00
Issuance of Debt	30	19	9.44	14	512	35	20	94	51	3.65	14
Other Financing Activities, net	0.03	-0.15	-11	4.41	-0.54	2.63	-8.01	-0.34	-2.98	-0.79	-28
Effect of Exchange Rate Changes	-1.31	-	-0.57	-1.14	1.40	-3.16	1.29	5.25	0.30	0.94	-0.04

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	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
Total Assets	5,322	5,166	5,093	5,130	5,119	5,187	5,109	5,060	5,389	5,598	5,593
Total Current Assets	2,273	2,167	1,998	2,054	2,056	2,073	2,032	1,989	2,246	2,502	2,449
Cash & Equivalents	193	162	201	249	218	214	281	187	224	300	266
Accounts Receivable	540	589	537	521	610	659	612	590	649	680	627
Inventories, net	1,437	1,311	1,167	1,182	1,152	1,096	1,032	1,095	1,254	1,330	1,252
Prepaid Expenses	103	105	92	101	75	105	107	116	119	192	305
Plant, Property, & Equipment, net	505	512	599	605	623	640	690	710	767	779	820
Total Noncurrent Assets	2,544	2,487	2,497	2,470	2,440	2,474	2,387	2,362	2,376	2,317	2,325
Goodwill	1,430	1,418	1,432	1,429	1,433	1,454	1,436	1,443	1,469	1,465	1,487
Intangible Assets	896	864	846	822	799	790	759	742	727	700	689
Noncurrent Deferred & Refundable Income Taxes	14	17	16	16	17	12	24	31	42	20	38
Other Noncurrent Operating Assets	203	188	203	203	191	218	168	146	139	132	111
Total Liabilities & Shareholders' Equity	5,322	5,166	5,093	5,130	5,119	5,187	5,109	5,060	5,389	5,598	5,593
Total Liabilities	2,895	2,794	2,744	2,750	2,746	2,774	2,612	2,587	2,814	2,948	2,918
Total Current Liabilities	937	900	881	898	913	1,019	1,033	1,008	1,121	1,146	1,208
Short-Term Debt	100	112	128	122	117	165	123	129	130	63	70
Accounts Payable	455	394	341	381	406	425	459	440	596	621	463
Accrued Expenses	329	338	357	349	328	352	370	389	340	394	619
Current Employee Benefit Liabilities	53	56	55	46	61	78	81	50	55	68	56
Total Noncurrent Liabilities	1,958	1,894	1,863	1,852	1,833	1,755	1,579	1,580	1,692	1,802	1,710
Long-Term Debt	1,523	1,465	1,448	1,440	1,445	1,361	1,211	1,196	1,293	1,357	1,254
Noncurrent Deferred Revenue	-	160	167	173	176	186	193	200	200	209	237
Noncurrent Deferred & Payable Income Tax Liabilities	115	113	90	85	71	62	33	34	35	62	57
Other Noncurrent Operating Liabilities	319	155	158	155	142	146	142	150	164	174	163
Redeemable Noncontrolling Interest	5.69	5.64	6.55	9.12	0.00	0.00	0.00	-	-	0.93	0.60
Total Equity & Noncontrolling Interests	2,422	2,366	2,343	2,370	2,373	2,412	2,497	2,473	2,575	2,649	2,675
Total Preferred & Common Equity	2,419	2,364	2,340	2,367	2,370	2,409	2,494	2,469	2,571	2,644	2,675
Total Common Equity	2,419	2,364	2,340	2,367	2,370	2,409	2,494	2,469	2,571	2,644	2,675
Common Stock	1,054	1,065	1,071	1,083	1,102	1,116	1,134	1,147	1,162	1,177	1,196
Retained Earnings	2,363	2,423	2,519	2,543	2,602	2,716	2,844	2,888	2,962	3,028	3,077
Treasury Stock	-780	-881	-1,033	-1,037	-1,088	-1,192	-1,197	-1,303	-1,354	-1,357	-1,379
Accumulated Other Comprehensive Income / (Loss)	-16	-42	-15	-19	-44	-28	-85	-60	3.11	-2.29	-18
Other Equity Adjustments	-202	-202	-202	-202	-202	-202	-202	-202	-202	-202	-202
Noncontrolling Interest	2.47	2.58	2.82	2.91	2.81	3.02	3.17	3.80	4.67	5.15	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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	58,675,827.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	58,675,827.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.62%	1.38%	0.15%	-0.22%	9.61%	16.09%	5.94%	6.31%	-5.05%	-11.60%	12.44%
EBITDA Growth	15.95%	35.22%	28.28%	14.30%	43.58%	25.11%	19.03%	7.32%	-28.34%	-82.50%	29.37%
EBIT Growth	18.95%	46.10%	49.94%	19.43%	62.19%	31.68%	25.43%	5.46%	-39.28%	-104.73%	34.17%
NOPAT Growth	8.05%	27.22%	60.64%	21.61%	64.22%	39.42%	37.66%	19.53%	-32.77%	-104.06%	40.03%
Net Income Growth	0.31%	31.02%	86.98%	29.74%	87.65%	21.55%	67.23%	26.04%	-41.48%	-120.34%	65.12%
EPS Growth	16.87%	91.36%	680.00%	38.57%	94.85%	38.06%	87.18%	28.87%	-40.74%	-119.16%	69.86%
Operating Cash Flow Growth	350.04%	214.22%	702.93%	-6.59%	51.49%	7.10%	-48.03%	-7.05%	-44.24%	-44.25%	105.13%
Free Cash Flow Firm Growth	84.64%	112.54%	132.90%	156.17%	210.32%	464.18%	-16.04%	-84.52%	-78.74%	-125.99%	-124.08%
Invested Capital Growth	7.23%	1.53%	-3.30%	-3.69%	-1.68%	-4.66%	-2.20%	1.58%	1.24%	2.26%	3.42%
Revenue Q/Q Growth	7.02%	-0.65%	-16.40%	12.25%	17.57%	5.22%	-23.70%	12.64%	5.01%	-2.05%	-2.94%
EBITDA Q/Q Growth	15.40%	31.17%	-43.51%	33.68%	44.96%	14.29%	-46.26%	20.53%	-3.20%	-72.09%	297.35%
EBIT Q/Q Growth	20.98%	44.86%	-55.73%	53.93%	64.29%	17.61%	-57.83%	29.43%	-5.40%	-109.16%	1,296.90%
NOPAT Q/Q Growth	24.56%	45.25%	-60.11%	68.51%	68.20%	23.31%	-60.61%	46.31%	-5.39%	-107.44%	1,459.19%
Net Income Q/Q Growth	33.22%	59.66%	-72.65%	123.03%	92.67%	3.42%	-62.37%	68.10%	-10.55%	-135.95%	405.47%
EPS Q/Q Growth	38.57%	59.79%	-74.84%	148.72%	94.85%	13.23%	-65.89%	71.23%	-10.40%	-136.61%	402.44%
Operating Cash Flow Q/Q Growth	68.54%	126.17%	-64.69%	-30.59%	173.34%	59.90%	-82.87%	24.14%	63.98%	59.88%	-36.97%
Free Cash Flow Firm Q/Q Growth	55.01%	133.66%	190.33%	27.76%	-11.65%	72.15%	-56.80%	-76.44%	21.35%	-310.40%	59.97%
Invested Capital Q/Q Growth	-1.83%	-1.68%	-0.87%	0.66%	0.21%	-4.65%	1.69%	4.54%	-0.12%	-3.69%	2.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.10%	36.55%	35.58%	37.62%	40.24%	40.61%	39.48%	39.27%	38.31%	36.29%	38.72%
EBITDA Margin	13.78%	18.19%	12.29%	14.64%	18.05%	19.61%	13.81%	14.78%	13.62%	3.88%	15.89%
Operating Margin	9.79%	14.19%	7.52%	10.34%	14.37%	16.04%	8.88%	10.53%	9.25%	-0.85%	11.07%
EBIT Margin	9.68%	14.11%	7.47%	10.25%	14.32%	16.01%	8.85%	10.17%	9.16%	-0.86%	10.56%
Profit (Net Income) Margin	5.66%	9.10%	2.98%	5.92%	9.70%	9.53%	4.70%	7.01%	5.97%	-2.19%	6.90%
Tax Burden Percent	75.73%	76.35%	68.75%	75.04%	77.28%	81.15%	75.67%	82.84%	84.99%	86.58%	75.56%
Interest Burden Percent	77.27%	84.49%	57.96%	76.93%	87.61%	73.37%	70.21%	83.30%	76.77%	295.88%	86.53%
Effective Tax Rate	24.27%	23.66%	31.25%	24.96%	22.72%	18.85%	24.33%	17.16%	15.01%	0.00%	24.44%
Return on Invested Capital (ROIC)	8.12%	11.79%	5.54%	8.24%	12.20%	15.37%	8.00%	10.28%	9.13%	-0.70%	9.86%
ROIC Less NNEP Spread (ROIC-NNEP)	6.64%	10.41%	4.14%	6.91%	10.98%	11.83%	6.45%	8.85%	7.40%	-2.40%	8.44%
Return on Net Nonoperating Assets (RNNOA)	3.53%	5.90%	2.44%	4.00%	6.26%	5.92%	3.26%	4.55%	3.56%	-0.96%	3.60%
Return on Equity (ROE)	11.65%	17.69%	7.98%	12.24%	18.45%	21.29%	11.26%	14.83%	12.69%	-1.66%	13.46%
Cash Return on Invested Capital (CROIC)	0.27%	6.30%	11.49%	12.19%	11.57%	16.19%	14.04%	10.36%	9.56%	4.29%	3.69%
Operating Return on Assets (OROA)	7.45%	11.06%	5.82%	7.89%	11.41%	13.48%	7.55%	8.54%	7.39%	-0.67%	8.57%
Return on Assets (ROA)	4.36%	7.14%	2.32%	4.56%	7.73%	8.02%	4.01%	5.89%	4.82%	-1.73%	5.61%
Return on Common Equity (ROCE)	11.42%	17.23%	7.95%	12.21%	18.41%	21.24%	11.22%	14.80%	12.67%	-1.65%	13.45%
Return on Equity Simple (ROE_SIMPLE)	8.22%	0.00%	9.69%	10.25%	12.29%	0.00%	13.56%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	79	115	46	77	130	161	63	93	88	-6.52	89
NOPAT Margin	7.41%	10.84%	5.17%	7.76%	11.10%	13.01%	6.72%	8.73%	7.86%	-0.60%	8.37%
Net Nonoperating Expense Percent (NNEP)	1.47%	1.38%	1.40%	1.33%	1.21%	3.54%	1.55%	1.43%	1.73%	1.70%	1.41%
Return On Investment Capital (ROIC_SIMPLE)	-	2.94%	-	-	-	4.19%	1.67%	2.32%	2.15%	-0.16%	2.22%
Cost of Revenue to Revenue	64.90%	63.45%	64.42%	62.38%	59.76%	59.39%	60.52%	60.73%	61.69%	63.71%	61.28%
SG&A Expenses to Revenue	7.76%	5.10%	7.51%	6.55%	6.58%	6.13%	7.93%	7.49%	8.41%	15.97%	7.20%
R&D to Revenue	4.05%	4.17%	5.56%	5.41%	4.85%	4.80%	6.59%	5.69%	5.39%	5.59%	5.91%
Operating Expenses to Revenue	25.31%	22.35%	28.06%	27.28%	25.87%	24.57%	30.61%	28.74%	29.06%	37.14%	27.65%
Earnings before Interest and Taxes (EBIT)	104	150	66	102	168	198	83	108	102	-9.34	112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	148	194	109	146	212	242	130	157	152	42	168
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.87	3.39	3.27	3.38	3.97	3.70	3.06	3.29	3.72	3.04	4.29
Price to Tangible Book Value (P/TBV)	82.76	128.49	66.65	58.19	57.68	30.80	26.53	22.55	20.53	16.33	22.96
Price to Revenue (P/Rev)	1.69	1.97	1.93	1.99	2.32	2.15	1.74	1.92	2.26	1.90	2.65
Price to Earnings (P/E)	35.88	37.00	33.93	33.07	32.32	29.16	22.61	24.26	32.61	50.16	60.65
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	2.79%	2.70%	2.95%	3.02%	3.09%	3.43%	4.42%	4.12%	3.07%	1.99%	1.65%
Enterprise Value to Invested Capital (EV/IC)	2.17	2.50	2.46	2.52	2.92	2.90	2.41	2.56	2.90	2.48	3.35
Enterprise Value to Revenue (EV/Rev)	2.05	2.32	2.25	2.33	2.64	2.39	2.00	2.19	2.52	2.14	2.89
Enterprise Value to EBITDA (EV/EBITDA)	16.17	16.82	15.69	15.69	16.45	14.49	11.90	13.04	16.08	18.71	24.11
Enterprise Value to EBIT (EV/EBIT)	24.13	24.30	22.36	22.16	22.33	19.24	15.76	17.35	22.30	31.70	40.08
Enterprise Value to NOPAT (EV/NOPAT)	30.96	32.28	29.69	29.32	29.33	24.74	20.14	21.64	27.05	38.40	48.39
Enterprise Value to Operating Cash Flow (EV/OCF)	26.85	17.87	13.91	14.48	15.12	13.87	12.64	14.17	18.61	20.55	25.08
Enterprise Value to Free Cash Flow (EV/FCFF)	844.33	40.05	21.03	20.28	25.02	17.46	16.96	24.90	30.55	58.41	92.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.67	0.66	0.66	0.63	0.53	0.54	0.55	0.54	0.51	0.49
Long-Term Debt to Equity	0.62	0.62	0.61	0.61	0.56	0.48	0.48	0.50	0.51	0.48	0.47
Financial Leverage	0.53	0.57	0.59	0.58	0.57	0.50	0.50	0.51	0.48	0.40	0.43
Leverage Ratio	2.18	2.17	2.19	2.18	2.16	2.10	2.10	2.12	2.13	2.08	2.07
Compound Leverage Factor	1.68	1.84	1.27	1.67	1.90	1.54	1.47	1.77	1.64	6.15	1.79
Debt to Total Capital	39.93%	40.13%	39.62%	39.69%	38.74%	34.82%	34.88%	35.59%	34.89%	33.56%	33.10%
Short-Term Debt to Total Capital	2.83%	3.25%	3.08%	2.97%	4.18%	3.22%	3.39%	3.25%	1.55%	1.83%	1.76%
Long-Term Debt to Total Capital	37.10%	36.88%	36.54%	36.72%	34.55%	31.60%	31.49%	32.34%	33.34%	31.73%	31.34%
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	0.21%	0.24%	0.31%	0.07%	0.08%	0.08%	0.10%	0.12%	0.15%	0.17%	0.02%
Common Equity to Total Capital	59.86%	59.63%	60.08%	60.24%	61.19%	65.10%	65.02%	64.30%	64.96%	66.27%	66.88%
Debt to EBITDA	3.11	2.84	2.70	2.62	2.31	1.88	1.81	1.92	2.09	2.77	2.55
Net Debt to EBITDA	2.79	2.48	2.27	2.25	1.98	1.48	1.56	1.62	1.65	2.06	2.04
Long-Term Debt to EBITDA	2.89	2.61	2.49	2.42	2.06	1.71	1.64	1.74	1.99	2.62	2.41
Debt to NOPAT	5.95	5.45	5.11	4.89	4.12	3.21	3.07	3.18	3.51	5.69	5.12
Net Debt to NOPAT	5.34	4.76	4.29	4.21	3.54	2.53	2.64	2.68	2.77	4.23	4.09
Long-Term Debt to NOPAT	5.53	5.01	4.71	4.52	3.67	2.91	2.77	2.89	3.35	5.38	4.84
Altman Z-Score	3.25	3.58	3.48	3.58	3.95	4.10	3.70	3.71	3.88	3.41	4.23
Noncontrolling Interest Sharing Ratio	2.01%	2.58%	0.38%	0.23%	0.23%	0.26%	0.33%	0.15%	0.18%	0.19%	0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.41	2.27	2.29	2.25	2.03	1.97	1.97	2.00	2.18	2.03	2.03
Quick Ratio	0.83	0.84	0.86	0.91	0.86	0.86	0.77	0.78	0.86	0.78	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-176	59	172	220	194	334	144	34	41	-87	-35
Operating Cash Flow to CapEx	591.64%	629.12%	418.01%	278.19%	743.09%	637.27%	188.30%	124.96%	541.87%	336.32%	405.77%
Free Cash Flow to Firm to Interest Expense	-7.12	2.39	7.28	9.42	6.99	16.81	8.44	1.86	2.10	-5.14	-2.26
Operating Cash Flow to Interest Expense	5.67	12.80	4.74	3.33	7.64	17.08	3.40	3.96	6.01	11.21	7.76
Operating Cash Flow Less CapEx to Interest Expense	4.71	10.76	3.61	2.13	6.62	14.40	1.59	0.79	4.90	7.88	5.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.78	0.78	0.77	0.80	0.84	0.85	0.84	0.81	0.79	0.81
Accounts Receivable Turnover	7.08	7.59	7.96	6.99	6.61	7.47	7.83	7.01	6.50	6.93	7.11
Inventory Turnover	1.97	2.07	2.00	1.98	2.14	2.39	2.31	2.20	2.17	2.28	2.28
Fixed Asset Turnover	8.33	7.55	7.35	7.13	7.16	6.67	6.61	6.35	6.14	5.60	5.66
Accounts Payable Turnover	5.86	6.75	6.48	5.96	6.28	6.58	6.40	5.28	5.04	5.80	5.93
Days Sales Outstanding (DSO)	51.53	48.08	45.86	52.21	55.21	48.83	46.62	52.08	56.13	52.67	51.32
Days Inventory Outstanding (DIO)	185.72	176.71	182.91	184.16	170.80	152.59	158.19	165.76	167.96	160.23	160.03
Days Payable Outstanding (DPO)	62.30	54.04	56.36	61.25	58.12	55.47	57.03	69.06	72.40	62.90	61.54
Cash Conversion Cycle (CCC)	174.95	170.75	172.41	175.13	167.90	145.95	147.78	148.78	151.69	150.00	149.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,787	3,724	3,691	3,716	3,724	3,550	3,610	3,774	3,770	3,631	3,734
Invested Capital Turnover	1.10	1.09	1.07	1.06	1.10	1.18	1.19	1.18	1.16	1.17	1.18
Increase / (Decrease) in Invested Capital	255	56	-126	-142	-64	-173	-81	59	46	80	123
Enterprise Value (EV)	8,205	9,323	9,073	9,360	10,871	10,281	8,691	9,665	10,949	9,001	12,520
Market Capitalization	6,782	7,939	7,749	8,014	9,557	9,225	7,550	8,461	9,822	8,003	11,461
Book Value per Share	$37.98	$38.10	$39.56	$39.09	$40.06	$41.92	$41.42	$43.51	$45.06	$44.86	$45.58
Tangible Book Value per Share	$1.32	$1.01	$1.94	$2.27	$2.75	$5.03	$4.77	$6.35	$8.15	$8.35	$8.51
Total Capital	3,949	3,925	3,941	3,934	3,938	3,832	3,798	3,998	4,070	3,972	3,999
Total Debt	1,577	1,575	1,561	1,562	1,525	1,334	1,325	1,423	1,420	1,333	1,324
Total Long-Term Debt	1,465	1,448	1,440	1,445	1,361	1,211	1,196	1,293	1,357	1,260	1,254
Net Debt	1,415	1,374	1,312	1,343	1,311	1,053	1,137	1,199	1,120	992	1,058
Capital Expenditures (CapEx)	24	50	27	28	29	53	31	58	22	56	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,217	1,044	1,028	1,042	1,004	841	922	1,031	1,119	979	1,046
Debt-free Net Working Capital (DFNWC)	1,379	1,245	1,278	1,260	1,219	1,122	1,110	1,254	1,419	1,320	1,312
Net Working Capital (NWC)	1,267	1,117	1,156	1,143	1,054	999	981	1,124	1,356	1,247	1,241
Net Nonoperating Expense (NNE)	19	18	19	18	17	43	19	18	21	17	16
Net Nonoperating Obligations (NNO)	1,415	1,374	1,312	1,343	1,311	1,053	1,137	1,199	1,120	992	1,058
Total Depreciation and Amortization (D&A)	44	43	43	44	44	44	47	49	50	52	57
Debt-free, Cash-free Net Working Capital to Revenue	30.37%	25.94%	25.55%	25.90%	24.35%	19.58%	21.21%	23.36%	25.71%	23.25%	24.18%
Debt-free Net Working Capital to Revenue	34.40%	30.94%	31.75%	31.33%	29.54%	26.13%	25.52%	28.43%	32.60%	31.36%	30.31%
Net Working Capital to Revenue	31.61%	27.77%	28.73%	28.42%	25.55%	23.26%	22.56%	25.49%	31.15%	29.63%	28.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$1.57	$0.39	$0.99	$1.91	$2.17	$0.74	$1.27	$1.14	($0.42)	$1.25
Adjusted Weighted Average Basic Shares Outstanding	61.37M	61.27M	59.85M	59.88M	59.49M	59.56M	59.06M	58.50M	58.26M	58.52M	58.41M
Adjusted Diluted Earnings per Share	$0.97	$1.55	$0.39	$0.97	$1.89	$2.14	$0.73	$1.25	$1.12	($0.41)	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	62.09M	62.06M	60.49M	60.64M	60.31M	60.35M	59.75M	59.02M	59.12M	59.28M	59.23M
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	61.43M	60.27M	60.61M	60.15M	59.50M	59.61M	59.08M	58.68M	58.68M	58.68M	58.87M
Normalized Net Operating Profit after Tax (NOPAT)	79	115	46	77	130	161	63	93	88	-6.52	89
Normalized NOPAT Margin	7.41%	10.84%	5.17%	7.76%	11.10%	13.01%	6.72%	8.73%	7.86%	-0.60%	8.37%
Pre Tax Income Margin	7.48%	11.92%	4.33%	7.88%	12.55%	11.74%	6.21%	8.47%	7.03%	-2.53%	9.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.19	6.06	2.82	4.39	6.05	9.94	4.87	5.91	5.18	-0.55	7.27
NOPAT to Interest Expense	3.21	4.65	1.95	3.32	4.69	8.08	3.70	5.08	4.45	-0.39	5.76
EBIT Less CapEx to Interest Expense	3.23	4.03	1.68	3.19	5.02	7.26	3.07	2.75	4.07	-3.89	5.36
NOPAT Less CapEx to Interest Expense	2.25	2.62	0.81	2.13	3.66	5.40	1.89	1.91	3.34	-3.72	3.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.00%	0.16%	0.19%	0.18%	0.00%
Augmented Payout Ratio	219.90%	164.13%	113.60%	128.10%	105.74%	51.15%	74.74%	71.57%	49.01%	91.85%	26.53%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of Generac Holdings Inc. (NYSE: GNRC) using the last four years of quarterly statements. The focus is on trends in revenue, profitability, cash flow, and leverage, with an eye toward what might matter to retail investors.

Strong operating cash flow across 2025 quarters: Net cash from continuing operating activities remained positive in all 2025 quarters (Q4: $187.5M; Q3: $118.4M; Q2: $72.2M; Q1: $58.2M). This ongoing cash generation supports liquidity even as other cash flows cycle through investing and financing.
Healthy gross margins most of 2025: Gross margin hovered in the high-30s to around 40% range in 2025 (e.g., Q1 2025 gross margin ≈ 39.5%, Q2 ≈ 39.3%, Q3 ≈ 38.3%), indicating solid profitability on product sales notwithstanding quarterly cost fluctuations.
Positive net income to common shareholders in several quarters: Net income to common shareholders was positive in multiple 2024–2025 quarters (e.g., Q3 2025: $66.16M; Q2 2025: $74.01M; Q1 2025: $43.84M; Q4 2024: $117.23M). This reflects earnings leverage when activity and costs align.
Solid liquidity position into 2025’s mid-year: Cash & equivalents were about $223.5M at mid-2025 (Q2 2025) and roughly $300.0M by Q3 2025, indicating a meaningful liquidity buffer to handle near-term obligations and investments.
Balance sheet stability with sizable equity base: Total equity stands at around $2.65B in 2025 (as seen in the Q3 2025 balance sheet), providing a cushion against liabilities and a base for potential capital decisions.
Working capital intensity remains elevated: Accounts receivable and inventories are sizable (e.g., Q3 2025 AR $680.1M; inventories $1,329.7M; total current assets roughly $2.50B), suggesting a meaningful working capital commitment tied to revenue scale and product mix.
Debt levels trending upward modestly: Long-term debt rises from about $1.22B–$1.36B across 2024–2025, signaling increasing leverage that could affect interest costs and balance-sheet flexibility if not managed carefully.
Quarterly margin pressure in Q4 2025: While most 2025 quarters were solid, Q4 2025 shows a narrower gross margin and higher operating costs, contributing to a negative quarterly bottom line that quarter (-$24.46M to common shareholders).
Seasonality in earnings observed: Several quarters show strong earnings in some periods and weaker results in others (e.g., positive results in several quarters vs. a loss in Q4 2025), suggesting some seasonality or cyclicality in demand and costs.

Q4 2025 net income declines into a loss: Net income attributable to common shareholders was negative in Q4 2025 (-$24.463M), signaling a near-term earnings setback despite prior quarters’ positives.
Rising leverage and related interest pressure: The long-term debt level increased over 2024–2025, contributing to higher interest costs and potential debt-servicing considerations if cash flow concentration weakens.
Financing cash outflows in several periods: Net cash from financing activities was negative in multiple quarters (e.g., Q4 2025: -$91.425M), indicating net debt repayments and/or equity buybacks that reduce cash at year-end.

05/11/26 07:18 PM ETAI Generated. May Contain Errors.

Generac Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Generac's financial year ends in December. Their financial 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 Generac's forecast for analyst expectations on what's next for the company.

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%.

Generac's total liabilities were at $2.93 billion at the end of 2025, a 12.4% increase from 2024, and a 123.5% increase since 2015.

In the past 10 years, Generac's cash and equivalents has ranged from $67.27 million in 2016 to $655.13 million in 2020, and is currently $341.41 million as of their latest financial filing in 2025.

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%.

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Financial statements for NYSE:GNRC last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Generac (GNRC) Financials

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