Industrials · Heavy Electrical Equipment · US stock · price as of 22 Oct 2026
Key indicators
Price
$188.02
52-week range
$134.80 – $296.44
Market cap
$11.2B
P/E (trailing)
42.9×
EV / EBITDA
29.0×
Free-cash-flow yield
3.4%
Dividend yield
–
Revenue (last 12 months)
$4.4B
Revenue growth (3y a year)
−2.7%
Operating margin
9.5%
Return on invested capital
8.4%
Net debt / EBITDA
2.4×
Fair value
Fair value (average of valid models)$164.59 middle half of models $128 – $194
Versus priceFair−13% to fair value
P/E multiple
$181.56
P/B multiple
$207.33
P/S multiple
$241.10
EV/EBITDA multiple
$161.80
EV/EBIT multiple
$168.09
EV/revenue multiple
$225.98
10-year DCF, EBITDA exit
$115.09
5-year DCF, EBITDA exit
$138.06
10-year DCF, revenue exit
$117.45
5-year DCF, revenue exit
$147.22
Earnings power value
$106.76
Model uncertainty
Medium
X-Ray Score
32/ 100 · High confidence · ahead of 9% of sector peers
Valuation30
Growth16
Profitability37
Financial health46
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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.
StocksXray gives Generac Holdings Inc. an X-Ray Score of 32 out of 100 (high confidence), ahead of 9% of the S&P 500 stocks in its sector. Its strongest lens is financial health (46) and its weakest is growth (16).
Our fair value (the average of the valid models) is $164.59 (range $127.76 to $194.45). At $188.02 the stock trades 14% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Generac Holdings Inc. (GNRC)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$351.92
$100.66
$129.24
$155.05
$136.37
$188.02
Market cap
$22.6B
$6.5B
$8.0B
$9.4B
$8.1B
$11.2B
P/E
42.4×
18.6×
39.5×
28.8×
50.7×
42.9×
EV / revenue
6.3×
1.7×
2.3×
2.4×
2.1×
2.8×
EV / EBITDA
28.8×
10.8×
17.0×
14.7×
18.6×
29.0×
Price / free cash flow
75.1×
–
20.4×
15.5×
30.1×
29.6×
Free-cash-flow yield
1.3%
−0.4%
4.9%
6.5%
3.3%
3.4%
Price / book
10.2×
2.9×
3.4×
3.8×
3.1×
3.9×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 4 Good · ● 3 Average · ● 8 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.0%Good
Free-cash-flow yield3.4%Bad
Risk models
Altman Z score4.8×Good
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)−20.8%Bad
Revenue growth (3y)−2.7%Bad
Growth consistency70%Average
Balance sheet
Current ratio2.0×Good
Net debt / EBITDA2.4×Bad
Interest cover6.2×Bad
Valuation
Fair value vs price0.9×Average
EBIT / EV yield3.5%Bad
Profitability
Return on invested capital8.4%Bad
Operating margin9.5%Bad
Gross profitability30.4%Good
XStocksXray
Generac Holdings Inc. (GNRC)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
3,737
4,565
4,023
4,296
4,209
4,439
Gross profit
1,360
1,522
1,365
1,666
1,612
1,755
Operating income
721
566
386
537
289
421
Net income
557
409
217
317
161
260
Diluted EPS ($)
8.30
5.42
3.27
5.39
2.69
4.38
Free cash flow
301
-28
393
605
268
379
Gross margin
36.4%
33.3%
33.9%
38.8%
38.3%
39.5%
Operating margin
19.3%
12.4%
9.6%
12.5%
6.9%
9.5%
Net margin
14.9%
9.0%
5.4%
7.4%
3.8%
5.9%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
4,878
5,169
5,093
5,109
5,574
5,772
Cash
147
133
201
281
341
265
Total debt
956
1,430
1,559
1,328
1,257
1,261
Equity
2,214
2,257
2,340
2,494
2,632
2,878
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
