Generac Holdings Inc. (GNRC)

Industrials · Heavy Electrical Equipment · US stock · S&P 500 component

$188.02 ▼ -15.12 (7.44%)

At close 22 Oct 2026 · USD · Volume 1,154,431

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Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$165 −12.5% to fair value

$82fair band $140–$200$247

Day's range

$185.65 – $198.02

52-week range

$134.80 – $296.44

About Generac Holdings Inc.

Home standby generators that start automatically during a grid outage are the signature product of Generac, which makes backup and prime power equipment. It also offers portable generators, commercial and industrial generators, and energy storage, solar and home-energy monitoring products. Homeowners reach it through dealers, electricians and home-improvement retailers, while businesses and public bodies obtain larger systems through distributors and industrial channels. The company reports its activity by geographic region.

Revenue came to $4.4 billion over the last twelve months, earned by making and delivering power generation and energy products. Revenue has changed at -2.7% a year across the last three years, a modest decline. The operating margin is 9.5%, the business earns 8% on the capital invested in it, and it carries net debt of 2.4 times EBITDA. No dividend is paid. On the site's X-Ray Score it receives 32 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $134.80 – $296.44Volume 1,154,431Daily, split-adjusted

Vitals

Market cap$11.2B

52-week range$134.80 – $296.44

Volume (last day)1,154,431

P/E (TTM)42.9

EBIT / EV yield3.5%

Free-cash-flow yield3.4%

Dividend yieldNo dividend

Revenue (TTM)$4.4B

Net income (TTM)$260M

Operating margin9.5%

Return on capital8.4%

Debt incl. leases$1.3B

Cash & securities$265M

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$165middle half of models $128 – $194

Fair −12.5% to fair value

Average of the 11 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $188

Undervalued < $140Fair $140 – $200Overvalued > $200

P/E multiple

$182

P/B multiple

$207

P/S multiple

$241

EV/EBITDA multiple

$162

EV/EBIT multiple

$168

EV/revenue multiple

$226

10-year DCF, EBITDA exit

$115

5-year DCF, EBITDA exit

$138

10-year DCF, revenue exit

$117

5-year DCF, revenue exit

$147

10-year DCF, growth exit · not used

$45

5-year DCF, growth exit · not used

$49

Earnings power value

$107

Growth the price implies

18.3%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 41 The price is not above fair value $165 fair value Debt looks manageable 2.4× EBITDA Revenue has been growing -2.7% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

30/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield3.5%

Free-cash-flow yield3.4%

Fair value vs price0.9×

Growth Weak

16/100

Growing slower than most of its sector.

See the numbers →

Revenue growth (3y)-2.7%

EPS growth (3y)-20.8%

Growth consistency70%

Profitability Weak

37/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital8.4%

Operating margin9.5%

Gross profitability30.4%

Financial health Weak

46/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA2.4×

Interest cover6.2×

Dividends None

–/100

Pays no dividend.

See the numbers →

Quarterly results: last 6 quarters

+5.9%

Mar '25

+6.3%

Jun '25

-5.0%

Sep '25

-11.6%

Dec '25

+12.4%

Mar '26

+10.6%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $1.2B, diluted EPS $2.40.

Compare with peers

GEV GE Vernova Inc.50

Other Heavy Electrical Equipment companies by X-Ray Score.

SWOT analysis: Generac Holdings Inc.

Strengthsinside the company

No standout strength in the figures we track.

Weaknessesinside the company

Return on invested capital of 8.4% is well below the 15.0% median of sector peers.
Operating margin of 9.5% is thin against 17.5% for sector peers.
Revenue has fallen 2.7% a year over three years while sector peers grew 5.6%.
Earnings per share have declined 20.8% a year over three years.

Opportunitiesvaluation and setting

No specific opportunity is visible in our valuation, sector or growth data.

Threatsvaluation and setting

Trades at 43.1x earnings, 51% above the 28.5x median of sector peers, so the price already assumes better results.
The price trend is down on the daily and weekly signals.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare GNRC with peers and sector

Medians of 80 Industrials peers and of 80 Industrials stocks in our universe. Largest peers (X-Ray Score): CAT 43, GE 49, RTX 51, GEV 50, UNP 45, DE 43.

Metric	GNRC	Peers	Sector
X-Ray Score (out of 100)	32	51	51
Valuation	30	48	48
Growth	16	51	51
Profitability	37	51	51
Financial health	46	49	49
Dividends	–	53	53

Sector leaders: highest X-Ray Score in Industrials

GNRC ranks #74 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 GD General Dynamics Corp	70
#2 EME EMCOR Group, Inc.	69
#3 PAYX Paychex Inc	69
#4 LDOS Leidos Holdings, Inc.	67
#5 SNA Snap-on Inc	66
…
#74 GNRC Generac Holdings Inc. (this stock)	32

Metric	GNRC	Peers	Sector
P/E ratio	43.1x	28.5x	28.5x
PEG ratio	–	2.36	2.36
Price / book	3.9x	6.3x	6.3x
Price / sales	2.5x	3.6x	3.6x
EV / EBITDA	29.0x	18.3x	18.3x
Price / free cash flow	29.6x	25.3x	25.3x
Dividend yield	–	1.3%	1.3%
Gap to our fair value	−12.5%	−8.5%	−8.5%

Metric	GNRC	Peers	Sector
Price change, 1 month	−8.8%	+2.5%	+2.5%
Price change, 3 months	−11.9%	−2.3%	−2.3%
Price change, 6 months	−12.0%	−1.2%	−1.2%
Price change, 1 year	+2.7%	+11.9%	+11.9%

Metric	GNRC	Peers	Sector
Market value	$11.2B	$47.6B	$47.6B
Revenue (last 12 months)	$4.4B	$15.1B	$15.1B
EBITDA (last 12 months)	$421M	$2.5B	$2.5B
Net income (last 12 months)	$260M	$1.5B	$1.5B
Free cash flow (last 12 months)	$379M	$1.7B	$1.7B

Metric	GNRC	Peers	Sector
Revenue growth, last year	−2.0%	+4.5%	+4.5%
Revenue growth, 3 years a year	−2.7%	+5.6%	+5.6%
EPS growth, 3 years a year	−20.8%	+5.7%	+5.7%
Free cash flow growth, 3 years a year	–	+14.5%	+14.5%
Dividend growth	–	+6.8%	+6.8%

Metric	GNRC	Peers	Sector
Gross margin	39.5%	37.9%	37.9%
EBITDA margin	9.5%	20.4%	20.4%
Operating margin	9.5%	17.5%	17.5%
Net margin	5.9%	12.8%	12.8%
Return on invested capital	8.4%	15.0%	15.0%
Return on equity	9.0%	23.8%	23.8%

Metric	GNRC	Peers	Sector
Net debt / EBITDA	2.4x	1.8x	1.8x
Interest cover	6.2x	21.8x	21.8x
Current ratio	2.0x	1.2x	1.2x
Piotroski F-score (0 to 9)	6	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for GNRC

Each factor is rated by where GNRC stands among the 81 Industrials stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 4 Good · 4 Average · 14 Bad of 22 Growth: 0 · 0 · 3 Profitability: 0 · 1 · 4 Financial strength: 1 · 1 · 2 Valuation: 1 · 1 · 3 Cash flow: 2 · 0 · 1 Efficiency: 0 · 1 · 1

Factor	GNRC	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	−2.7%	Bad beats 14%	+5.6%	–	–
Revenue growth, last year	−2.0%	Bad beats 13%	+4.5%	+6.8%	▼ Worse
EPS growth, 3 years a year	−20.8%	Bad beats 5%	+5.7%	–	–
Profitability
Gross margin	39.5%	Average beats 61%	38.0%	36.4%	≈ In line
Operating margin	9.5%	Bad beats 23%	17.5%	12.4%	▼ Worse
Net margin	5.9%	Bad beats 19%	12.8%	7.4%	▼ Worse
Return on invested capital	8.4%	Bad beats 13%	14.9%	–	–
Return on equity	9.0%	Bad beats 8%	23.7%	12.7%	▼ Worse
Financial strength
Net debt / EBITDA	2.4x	Bad beats 33%	1.8x	1.8x	▼ Worse
Interest cover	6.2x	Bad beats 18%	21.4x	6.0x	≈ In line
Current ratio	2.04	Good beats 88%	1.25	2.03	≈ In line
Piotroski F-score	6 / 9	Average beats 41%	6 / 9	–	–
Valuation
P/E ratio	43.1x	Bad beats 13%	28.9x	36.9x	▼ Worse
Price / book	3.9x	Good beats 72%	6.2x	3.4x	▼ Worse
Price / sales	2.5x	Average beats 64%	3.5x	2.0x	▼ Worse
EV / EBITDA	29.0x	Bad beats 10%	18.5x	17.0x	▼ Worse
Free cash flow yield	3.4%	Bad beats 26%	3.8%	3.3%	≈ In line
Cash flow
Free cash flow margin	8.5%	Bad beats 25%	13.8%	8.1%	≈ In line
Cash from operations / net income	2.11	Good beats 85%	1.39	2.34	≈ In line
Accruals (lower is better)	−5.0%	Good beats 69%	−3.2%	–	–
Efficiency
Inventory turnover	2.2x	Bad beats 3%	4.0x	2.2x	≈ In line
Days sales outstanding	55 days	Average beats 54%	57 days	52 days	≈ In line

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 4 Good · ● 3 Average · ● 8 Bad

Cash quality

Earnings backed by cashGood

Free-cash-flow yieldBad

Risk models

Altman Z''Good

Piotroski F-ScoreAverage

Growth

EPS growth (3y)Bad

Revenue growth (3y)Bad

Growth consistencyAverage

Balance sheet

Current ratioGood

Net debt / EBITDABad

Interest coverBad

Valuation

Fair value vs priceAverage

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginBad

Gross profitabilityGood

Each check is graded against the company's sector, not a fixed number. Checklist score 36/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$3.7B	$4.6B	$4.0B	$4.3B	$4.2B
Operating income	$721M	$566M	$386M	$537M	$289M
Net income	$557M	$409M	$217M	$317M	$161M
Operating cash flow	$411M	$59M	$522M	$741M	$438M
Operating margin	19.3%	12.4%	9.6%	12.5%	6.9%
Free cash flow	$301M	−$28M	$393M	$605M	$268M
Diluted EPS	$8.30	$5.42	$3.27	$5.39	$2.69

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bearish

3 bullish · 1 neutral · 12 bearish

Weekly

Strongly bearish

2 bullish · 1 neutral · 9 bearish

Monthly

Neutral

4 bullish · 1 neutral · 3 bearish

Moving averages (daily)

SMA 10	202.6	Bearish
EMA 10	200.2	Bearish
SMA 20	208.4	Bearish
EMA 20	203.1	Bearish
SMA 50	201.3	Bearish
EMA 50	206.1	Bearish
SMA 100	221.2	Bearish
EMA 100	211.7	Bearish
SMA 200	217.2	Bearish
EMA 200	208.7	Bearish

Oscillators (daily)

RSI (14)	39.43	Neutral
MACD (12, 26)	-2.21	Bearish
Momentum (12)	-15.92	Bearish
Stochastic %K (14)	5.49	Bullish
Williams %R (14)	-94.51	Bullish
CCI (20)	-127.8	Bullish

Pivot points (classic, last session)

170.7

178.2

183.1

Pivot

190.6

195.5

202.9

207.8

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

ETFs that hold GNRC

ETF	Share of the fund
AIPO Defiance AI & Power Infrastructure	1.36%
RSPN Invesco S&P 500 Equal Weight Industria...	0.98%
SPHB Invesco S&P 500 High Beta	0.92%
CGMM Capital Group U.S. Small and Mid Cap	0.70%
EMLP First Trust North American Energy Infr...	0.62%
VBK Vanguard Small-Cap Growth	0.48%
SCHM Schwab U.S. Mid-Cap	0.30%
XLI Industrial Select Sector SPDR	0.30%

The eight funds with the largest weight in GNRC among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.