GNRC
Generac Holdings Inc.
GNRC's fundamentals are mixed: it turned 9% of its revenue into free cash flow, but its operating margin fell 1 points to 10%. At 38x earnings, it's trading in line with its usual 37x. Analysts expect strong earnings growth.
GNRC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
GNRC's revenue, profitability, cash flow and balance sheet are all currently healthy.
GNRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $193 | — |
| Cheap | 25x | $125 | -35% |
| Fair | 36x | $184 | -4.6% |
| Current | 38x | $193 | — |
| Expensive | 51x | $260 | +35% |
Historical ranges are pointers, not guarantees.
GNRC's PE is in its fair range at 38x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
GNRC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for GNRC, with profitability improving.
GNRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.08 | +139% |
| Q3 2026 | $5.06 | -3.4% |
| Q2 2026 | $4.35 | -28% |
| Q1 2026 | $3.20 | -44% |
| Q4 2025 | $2.69 | -50% |
| Q3 2025 | $5.24 | +8.7% |
| Q2 2025 | $6.01 | +54% |
| Q1 2025 | $5.73 | +58% |
| Q4 2024 | $5.39 | +64% |
GNRC's earnings per share have fallen from their peak: $5.06 over the past year, against $8.31 in late 2021.
GNRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +16% |
| Q2 2026 | $1.2B | +11% |
| Q1 2026 | $1.1B | +12% |
| Q4 2025 | $1.1B | -12% |
| Q3 2025 | $1.1B | -5% |
| Q2 2025 | $1.1B | +6.3% |
| Q1 2025 | $942.1M | +5.9% |
| Q4 2024 | $1.2B | +16% |
GNRC's revenue has picked up after three years of holding roughly level: $1.3B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +3.2 points |
| Q2 2026 | 18% | +7.4 points |
| Q1 2026 | 11% | +2.2 points |
| Q4 2025 | -0.8% | -17 points |
| Q3 2025 | 9.3% | -5.1 points |
| Q2 2025 | 11% | +0.2 points |
| Q1 2025 | 8.9% | +1.4 points |
| Q4 2024 | 16% | +1.8 points |
GNRC's operating margin was 12% last quarter, up 3.2 points from the same quarter a year ago.
GNRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $131.7M | +37% |
| Q2 2026 | $62.9M | +335% |
| Q1 2026 | $89.9M | +230% |
| Q4 2025 | $129.9M | -55% |
| Q3 2025 | $96.5M | -47% |
| Q2 2025 | $14.5M | -71% |
| Q1 2025 | $27.2M | -68% |
| Q4 2024 | $286.1M | +7.7% |
GNRC still generates free cash flow, though less than at its 2024 peak: $414M over the past year.
GNRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -72.7K shares |
| 1 year | +0.7% | +440K shares |
| 3 years | -4.1% | -2.5M shares |
| 5 years | -7.2% | -4.6M shares |
| Available history | -5.3% | -3.3M shares |
GNRC has 60M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $50.5M |
| Q1 2025 | $97.5M |
| Q4 2024 | — |
GNRC hasn't bought back shares in the past year.
GNRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 1.9x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.5x | Healthy |
GNRC's net debt is about 1.3 years of its operating earnings (EBITDA), down from 1.5 years a year ago.
GNRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.6 | Neutral |
| Stochastic | 31.0 | Neutral |
GNRC's weekly RSI is 46 (neutral) and its Stochastic is 31 (neutral).
GNRC PE vs Industrials Sector
| Metric | GNRC | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 24x | 59% above |
| PE % | 54 | 58 | 4 pts below |
GNRC is trading at 38x earnings, a 59% premium to the Industrials sector's median of 24x.
GNRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $199.6 | 3.4% below |
| 20 week MA | $205.0 | 5.9% below |
| 50 week MA | $208.3 | 7.4% below |
| 100 week MA | $179.7 | 7.3% above |
| 200 week MA | $154.8 | 25% above |
GNRC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 25% above its 200-week average.
GNRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.7 | $233.2 | +129% |
| 2021 | $233.2 | $351.3 | +51% |
| 2022 | $351.3 | $92.2 | -74% |
| 2023 | $92.2 | $129.2 | +40% |
| 2024 | $129.2 | $155.7 | +20% |
| 2025 | $155.7 | $140.6 | -9.7% |
| 2026 YTD | $140.6 | $192.9 | +37% |
GNRC's yearly returns have swung widely, from +129% in 2020 to −74% in 2022. It's up 37% so far in 2026.