Generac (GNRC)
Market Price (11/7/2026): $177.05 | Market Cap: $10.4 BilInvestor Relations Sector: Industrials | Industry: Heavy Electrical Equipment
Generac (GNRC)
Market Price (11/7/2026): $177.05Market Cap: $10.4 BilSector: IndustrialsIndustry: Heavy Electrical Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42% Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more. | Weak multi-year price returns2Y Excs Rtn is -30% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% Key risksGNRC key risks include [1] softness in its core residential segment due to fluctuating demand and fewer power outages, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -42% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Solar Energy Generation, Battery Storage & Grid Modernization, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -30% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
| Key risksGNRC key risks include [1] softness in its core residential segment due to fluctuating demand and fewer power outages, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/5/2026
Generac (GNRC) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Generac's fiscal Q3 2026 Revenue Miss and Projected Margin Pressure.
Generac reported net sales of $1.29 billion for fiscal Q3 2026, which ended September 30, 2026, missing analysts' consensus estimates of $1.32 billion to $1.33 billion by approximately 1.5% to 2.4%. This revenue shortfall, despite an adjusted EPS beat of $2.54 against estimates of $2.40 to $2.43, contributed to investor caution. Furthermore, management indicated an expected sequential decline in consolidated gross margin to 37-38% in fiscal Q4 2026 from 39.9% in fiscal Q3 2026, primarily due to a larger contribution from lower-margin data center sales.
2. Operational and Execution Risks Related to Data Center Expansion.
Despite the long-term positive outlook from a significant deal with Amazon for backup power generators (potentially up to $8 billion, with $2.4 billion in initial deliveries expected in 2027 and 2028), the rapid scaling of manufacturing capacity and potential constraints in sourcing high-horsepower diesel engines for these large-scale projects have introduced execution risks. These operational challenges and the capital expenditure required to meet this demand have likely weighed on investor sentiment, offsetting some of the positive news regarding the substantial data center backlog, which reached approximately $4.5 billion in fiscal Q3 2026.
Show more
Generac (GNRC) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Generac's fiscal Q3 2026 Revenue Miss and Projected Margin Pressure.
Generac reported net sales of $1.29 billion for fiscal Q3 2026, which ended September 30, 2026, missing analysts' consensus estimates of $1.32 billion to $1.33 billion by approximately 1.5% to 2.4%. This revenue shortfall, despite an adjusted EPS beat of $2.54 against estimates of $2.40 to $2.43, contributed to investor caution. Furthermore, management indicated an expected sequential decline in consolidated gross margin to 37-38% in fiscal Q4 2026 from 39.9% in fiscal Q3 2026, primarily due to a larger contribution from lower-margin data center sales.
2. Operational and Execution Risks Related to Data Center Expansion.
Despite the long-term positive outlook from a significant deal with Amazon for backup power generators (potentially up to $8 billion, with $2.4 billion in initial deliveries expected in 2027 and 2028), the rapid scaling of manufacturing capacity and potential constraints in sourcing high-horsepower diesel engines for these large-scale projects have introduced execution risks. These operational challenges and the capital expenditure required to meet this demand have likely weighed on investor sentiment, offsetting some of the positive news regarding the substantial data center backlog, which reached approximately $4.5 billion in fiscal Q3 2026.
Show more
Updated on 11/5/2026
Generac (GNRC) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Generac's fiscal Q3 2026 Revenue Miss and Projected Margin Pressure.
Generac reported net sales of $1.29 billion for fiscal Q3 2026, which ended September 30, 2026, missing analysts' consensus estimates of $1.32 billion to $1.33 billion by approximately 1.5% to 2.4%. This revenue shortfall, despite an adjusted EPS beat of $2.54 against estimates of $2.40 to $2.43, contributed to investor caution. Furthermore, management indicated an expected sequential decline in consolidated gross margin to 37-38% in fiscal Q4 2026 from 39.9% in fiscal Q3 2026, primarily due to a larger contribution from lower-margin data center sales.
2. Operational and Execution Risks Related to Data Center Expansion.
Despite the long-term positive outlook from a significant deal with Amazon for backup power generators (potentially up to $8 billion, with $2.4 billion in initial deliveries expected in 2027 and 2028), the rapid scaling of manufacturing capacity and potential constraints in sourcing high-horsepower diesel engines for these large-scale projects have introduced execution risks. These operational challenges and the capital expenditure required to meet this demand have likely weighed on investor sentiment, offsetting some of the positive news regarding the substantial data center backlog, which reached approximately $4.5 billion in fiscal Q3 2026.
3. Market Adjustment Following Initial Surge from Amazon Deal.
Generac's stock experienced a significant surge, jumping as much as 45% in after-hours trading on September 16, 2026, following the announcement of its strategic equity-linked supply deal with Amazon. The subsequent approximate 15% decline in the stock price since July 31, 2026, and a sharper 11% to 22.94% drop in the month leading up to November 5, 2026, can be attributed in part to a market correction or "sell the news" phenomenon as investors began to more thoroughly evaluate the near-term operational challenges and margin impacts associated with the data center expansion, contrasting them with the initially enthusiastic reception of the long-term revenue visibility.
Show less
Generac (GNRC) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Generac's fiscal Q3 2026 Revenue Miss and Projected Margin Pressure.
Generac reported net sales of $1.29 billion for fiscal Q3 2026, which ended September 30, 2026, missing analysts' consensus estimates of $1.32 billion to $1.33 billion by approximately 1.5% to 2.4%. This revenue shortfall, despite an adjusted EPS beat of $2.54 against estimates of $2.40 to $2.43, contributed to investor caution. Furthermore, management indicated an expected sequential decline in consolidated gross margin to 37-38% in fiscal Q4 2026 from 39.9% in fiscal Q3 2026, primarily due to a larger contribution from lower-margin data center sales.
2. Operational and Execution Risks Related to Data Center Expansion.
Despite the long-term positive outlook from a significant deal with Amazon for backup power generators (potentially up to $8 billion, with $2.4 billion in initial deliveries expected in 2027 and 2028), the rapid scaling of manufacturing capacity and potential constraints in sourcing high-horsepower diesel engines for these large-scale projects have introduced execution risks. These operational challenges and the capital expenditure required to meet this demand have likely weighed on investor sentiment, offsetting some of the positive news regarding the substantial data center backlog, which reached approximately $4.5 billion in fiscal Q3 2026.
3. Market Adjustment Following Initial Surge from Amazon Deal.
Generac's stock experienced a significant surge, jumping as much as 45% in after-hours trading on September 16, 2026, following the announcement of its strategic equity-linked supply deal with Amazon. The subsequent approximate 15% decline in the stock price since July 31, 2026, and a sharper 11% to 22.94% drop in the month leading up to November 5, 2026, can be attributed in part to a market correction or "sell the news" phenomenon as investors began to more thoroughly evaluate the near-term operational challenges and margin impacts associated with the data center expansion, contrasting them with the initially enthusiastic reception of the long-term revenue visibility.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -10.3% change in GNRC stock from 7/31/2026 to 11/6/2026 was primarily driven by a -43.3% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 197.11 | 176.78 | -10.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,326 | 4,619 | 6.8% |
| Net Income Margin (%) | 4.4% | 6.5% | 49.3% |
| P/E Multiple | 60.9 | 34.5 | -43.3% |
| Shares Outstanding (Mil) | 58 | 59 | -0.7% |
| Cumulative Contribution | -10.3% |
Market Drivers
7/31/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| GNRC | -10.3% | |
| Market (SPY) | -1.6% | 47.5% |
| Sector (XLI) | -9.5% | 63.4% |
Fundamental Drivers
The -31.8% change in GNRC stock from 4/30/2026 to 11/6/2026 was primarily driven by a -63.5% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 259.23 | 176.78 | -31.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,209 | 4,619 | 9.7% |
| Net Income Margin (%) | 3.8% | 6.5% | 72.1% |
| P/E Multiple | 94.7 | 34.5 | -63.5% |
| Shares Outstanding (Mil) | 58 | 59 | -1.0% |
| Cumulative Contribution | -31.8% |
Market Drivers
4/30/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| GNRC | -31.8% | |
| Market (SPY) | 2.6% | 50.6% |
| Sector (XLI) | -6.6% | 61.5% |
Fundamental Drivers
The 5.2% change in GNRC stock from 10/31/2025 to 11/6/2026 was primarily driven by a 25.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 168.02 | 176.78 | 5.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,412 | 4,619 | 4.7% |
| Net Income Margin (%) | 8.1% | 6.5% | -19.6% |
| P/E Multiple | 27.5 | 34.5 | 25.7% |
| Shares Outstanding (Mil) | 58 | 59 | -0.6% |
| Cumulative Contribution | 5.2% |
Market Drivers
10/31/2025 to 11/6/2026| Return | Correlation | |
|---|---|---|
| GNRC | 5.2% | |
| Market (SPY) | 8.7% | 47.9% |
| Sector (XLI) | 5.8% | 57.8% |
Fundamental Drivers
The 110.3% change in GNRC stock from 10/31/2023 to 11/6/2026 was primarily driven by a 72.2% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.07 | 176.78 | 110.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,026 | 4,619 | 14.7% |
| Net Income Margin (%) | 3.8% | 6.5% | 72.2% |
| P/E Multiple | 34.0 | 34.5 | 1.4% |
| Shares Outstanding (Mil) | 62 | 59 | 4.9% |
| Cumulative Contribution | 110.3% |
Market Drivers
10/31/2023 to 11/6/2026| Return | Correlation | |
|---|---|---|
| GNRC | 110.3% | |
| Market (SPY) | 81.9% | 48.0% |
| Sector (XLI) | 72.0% | 55.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GNRC Return | 55% | -71% | 28% | 20% | -12% | 30% | -22% |
| Peers Return | 37% | -37% | 33% | 50% | 30% | 17% | 157% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| GNRC Win Rate | 58% | 25% | 50% | 67% | 33% | 55% | |
| Peers Win Rate | 69% | 33% | 56% | 63% | 60% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| GNRC Max Drawdown | -33% | -74% | -47% | -21% | -38% | -42% | |
| Peers Max Drawdown | -19% | -49% | -30% | -17% | -30% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FELE, GEV, GNRC, AZZ. See GNRC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | GNRC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.4% | -18.8% |
| % Gain to Breakeven | 39.7% | 23.1% |
| Time to Breakeven | 83 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -44.3% | -9.5% |
| % Gain to Breakeven | 79.6% | 10.5% |
| Time to Breakeven | 206 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.9% | -6.7% |
| % Gain to Breakeven | 31.4% | 7.1% |
| Time to Breakeven | 48 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.0% | -33.7% |
| % Gain to Breakeven | 47.1% | 50.9% |
| Time to Breakeven | 64 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.8% | -19.2% |
| % Gain to Breakeven | 21.7% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -42.2% | -6.8% |
| % Gain to Breakeven | 73.1% | 7.3% |
| Time to Breakeven | 706 days | 15 days |
In The Past
Generac's stock fell -28.4% during the 2025 US Tariff Shock. Such a loss loss requires a 39.7% gain to breakeven.
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Asset Allocation
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| Event | GNRC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.4% | -18.8% |
| % Gain to Breakeven | 39.7% | 23.1% |
| Time to Breakeven | 83 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -44.3% | -9.5% |
| % Gain to Breakeven | 79.6% | 10.5% |
| Time to Breakeven | 206 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -23.9% | -6.7% |
| % Gain to Breakeven | 31.4% | 7.1% |
| Time to Breakeven | 48 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.0% | -33.7% |
| % Gain to Breakeven | 47.1% | 50.9% |
| Time to Breakeven | 64 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -42.2% | -6.8% |
| % Gain to Breakeven | 73.1% | 7.3% |
| Time to Breakeven | 706 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.8% | -17.9% |
| % Gain to Breakeven | 31.1% | 21.8% |
| Time to Breakeven | 13 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -30.1% | -15.4% |
| % Gain to Breakeven | 43.0% | 18.2% |
| Time to Breakeven | 174 days | 125 days |
In The Past
Generac's stock fell -28.4% during the 2025 US Tariff Shock. Such a loss loss requires a 39.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Generac (GNRC)
Generac Holdings Inc. (GNRC) is a leading designer and manufacturer of a broad range of power generation equipment, energy storage systems, and other power products. The company primarily serves the residential market, offering automatic standby generators that provide uninterrupted power to homes during outages, portable generators for on-the-go power needs, and a growing suite of clean energy solutions like PWRcell battery storage systems. Generac also provides various outdoor power equipment, including pressure washers, log splitters, and lawn care tools for homeowners.
Beyond residential applications, Generac extends its offerings to light commercial and industrial sectors. For these markets, the company provides robust standby generators, ranging from 22kW up to 3,250kW, which serve as critical emergency backup power for a diverse array of facilities, including healthcare institutions, data centers, retail establishments, manufacturing plants, and municipal operations. Additionally, Generac manufactures specialized mobile products like light towers, mobile generators, and commercial pumps. The company distributes its extensive product portfolio through a wide network of independent dealers, industrial distributors, national retailers, e-commerce channels, and direct sales.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Generac (GNRC):
- Like the Honda or Kohler of power equipment, but specializing in reliable backup generators for homes and businesses, and also growing in home energy storage solutions.
- Imagine Tesla Energy (Powerwall) for home power reliability, but combined with a much larger and established business in traditional backup generators.
AI Analysis | Feedback
- Residential Standby Generators: Automatic backup power systems for homes.
- Portable Generators: Mobile power sources for temporary or on-the-go electricity needs.
- Outdoor Power Equipment: A variety of tools for property maintenance, such as mowers, log splitters, and pressure washers.
- Clean Energy Solutions (PWRcell & PWRview): Systems for residential energy storage and monitoring.
- Commercial & Industrial Generators: Large-scale backup power systems for businesses, healthcare, and industrial applications.
- Mobile Power & Storage Systems: Includes mobile generators, light towers, and energy storage for various mobile and industrial needs.
- Commercial Mobile Pumps & Dust Suppression Equipment: Specialized equipment for construction and industrial site management.
- Mobile Link: A remote monitoring system for home standby generators.
- Aftermarket Parts & Accessories: Replacement parts and add-ons for Generac's product lines.
AI Analysis | Feedback
Generac (GNRC) sells its products to a diverse base of ultimate customers across residential, light commercial, and industrial markets. While the company utilizes a broad distribution network including independent dealers, industrial distributors, national and regional retailers, e-commerce partners, and wholesalers, its major customers can be categorized as follows:
- Residential Customers: This category includes homeowners and individuals who purchase Generac's products for personal use. Products commonly purchased by this segment include residential automatic standby generators, portable generators, various outdoor power equipment (such as trimmers, log splitters, pressure washers), and clean energy solutions like PWRcell and PWRview.
- Light Commercial and Small Business Customers: These are small to mid-sized businesses that require reliable power solutions. They typically purchase light-commercial standby generators (ranging from 22kW to 150kW) and related transfer switches to ensure continuous operation and backup power for their business premises.
- Industrial and Enterprise Customers: This segment comprises larger organizations and entities across critical sectors such as healthcare, telecommunications, datacom, commercial offices, retail establishments, municipal services, and manufacturing. These customers utilize Generac's larger industrial generators (from 10kW to 3,250kW) for essential emergency backup, as well as mobile power products including light towers, mobile generators, mobile energy storage systems, and specialized equipment like commercial mobile pumps and dust-suppression systems.
AI Analysis | Feedback
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AI Analysis | Feedback
Aaron P. Jagdfeld, Chairman, President and Chief Executive Officer
Aaron P. Jagdfeld joined Generac in 1994 in the finance department. He was appointed Chief Financial Officer in 2002, became President in 2007, Chief Executive Officer in 2008, and Chairman in 2016. Under his leadership, Generac has transformed into a global energy technology company. Before joining Generac, Mr. Jagdfeld worked in the audit practice of Deloitte & Touche. He also serves as a director of The Hillman Group.
York A. Ragen, Chief Financial Officer
York A. Ragen has served as Chief Financial Officer of Generac Holdings Inc. since September 2008. Prior to this role, he held Director of Finance and Vice President of Finance positions at Generac, having joined the company in 2005. Before his time at Generac, Mr. Ragen was Vice President, Corporate Controller at APW Ltd. He began his career at Arthur Andersen in the audit practice.
Erik Wilde, President, Domestic C&I
Erik Wilde has served as Generac's President, Domestic C&I (Commercial & Industrial) since July 2016. Prior to joining Generac, Mr. Wilde was Vice President and General Manager of the Mining Division for Komatsu America Corp. from 2013 to 2016. He also held other leadership positions with Komatsu, including Vice President of the ICT Business Division and Product Marketing, dating back to 2005.
Norman Taffe, President, Energy Technology
Norman Taffe serves as President of Energy Technology at Generac. The Energy Technology organization, which he leads, focuses on products and services related to energy storage and management. This group was formed to integrate Generac's acquisitions in the clean energy sector and accelerate its go-to-market efforts in this area.
Kyle Raabe, Executive Vice President, Residential
Kyle Raabe is the Executive Vice President, Residential at Generac. (Further detailed background information was not readily available in the provided search results).
AI Analysis | Feedback
Generac Holdings Inc. (GNRC) faces several key risks to its business, primarily stemming from its reliance on external factors for demand, the competitive and evolving nature of its newer markets, and sensitivity to economic conditions.
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Dependence on Power Outages and Weather Events: Generac's core business, particularly its residential standby generators, is significantly driven by the frequency and severity of power outages and active storm seasons. A period with fewer power outages or a weaker storm season can directly lead to reduced demand and lower revenues for this segment. For instance, a "significantly weaker power outage environment" has previously dented demand for backup generators, causing the company to miss profit and sales expectations and lower its financial guidance. This highlights that the perceived or actual unreliability of the grid is a crucial catalyst for its primary product sales.
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Intense Competition and Market Evolution in Clean Energy and Energy Storage Solutions: Generac has diversified into clean energy initiatives, including solar energy and energy storage systems like PWRcell. This market is characterized by rapid technological advancements and "intense competition" from established companies and new entrants. Generac has encountered challenges in this segment, including market sluggishness and product recalls, and faces the risk of not achieving profitability targets in this evolving area. Its ability to innovate and compete effectively against rivals in battery storage systems, solar inverters, and smart home integration will be crucial for long-term success.
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Sensitivity to Consumer Spending and Economic Cycles: Many of Generac's products, especially residential standby generators and home energy solutions, represent significant investments for consumers. Consequently, the company's residential business is sensitive to overall consumer spending trends and the perceived necessity of backup power. Economic downturns or increased consumer pressures can lead to cautious spending, as backup power purchases can be viewed as discretionary, potentially hindering growth in this key segment.
AI Analysis | Feedback
- The rapid adoption and technological advancement of battery energy storage systems, especially when integrated with solar power, pose a clear emerging threat to Generac's traditional fossil-fuel-powered generator business for residential and light commercial backup. While Generac offers its own clean energy solutions (e.g., PWRcell), the accelerating market shift towards silent, emission-free, and potentially grid-independent battery backup systems, driven by improving economics and consumer preference, could cannibalize demand for their core generator offerings if their transition and market capture in the clean energy segment do not keep pace.
- The widespread electrification of outdoor power equipment, with numerous competitors rapidly introducing advanced battery-electric versions of tools such as mowers, trimmers, pressure washers, and other utility equipment, presents a clear emerging threat to Generac's segment in this area. These electric alternatives offer significant advantages in terms of lower noise, zero emissions, reduced maintenance, and user convenience, which are increasingly appealing to consumers and could erode market share for gasoline-powered models if Generac does not effectively adapt its product portfolio.
AI Analysis | Feedback
For Generac (symbol: GNRC), the addressable markets for its main products and services are as follows:
-
Residential Standby Generators:
- The global residential standby generators market size was estimated at approximately $5 billion in annual revenue in 2024, projected to reach $7 billion to $8 billion by the end of the 2025-2033 period, at a Compound Annual Growth Rate (CAGR) of around 6-8%.
- The global home standby gensets market was valued at USD 8.5 billion in 2024 and is expected to reach USD 16.1 billion in 2034, growing at a CAGR of 6.5%.
- The U.S. home standby gensets market was worth over USD 2.2 billion in 2024.
- In North America, Generac holds over 75% market share in the residential standby generator market.
- As of 2025, Generac supplies over 60% of the U.S. home standby market by unit shipments.
- The U.S. residential standby generator market has a low penetration rate of approximately 6.5%, with each 1% increase in penetration representing a $3.5 billion opportunity.
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Portable Generators:
- The global portable generators market size was valued at $5.6 billion in 2023 and is projected to reach $8.6 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.
- The global portable generator market size was estimated at USD 4.96 billion in 2024 and is projected to reach USD 6.79 billion by 2030, growing at a CAGR of 5.4% from 2025 to 2030.
- The U.S. portable generators market was valued at USD 3.8 billion in 2024 and is set to register at a CAGR of 4.2% from 2025 to 2034, reaching USD 5.8 billion by 2034.
- The United States portable generator market size reached USD 1,125.4 million in 2025 and is expected to reach USD 1,495.1 million by 2034, exhibiting a growth rate (CAGR) of 3.21% during 2026-2034.
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Industrial Generators:
- The global industrial generator market was valued at USD 21.5 billion in 2024 and is set to grow at a CAGR of 7.1% from 2025 to 2034, reaching USD 42.4 billion by 2034.
- The global industrial generator market size was worth USD 19.86 billion in 2024 and is anticipated to grow at a CAGR of 6.52% from 2025 to 2033 to be worth USD 35.06 billion by 2033.
- Generac is targeting $500 million in annual sales capacity in the data center generator market, with a $150 million backlog for 2026.
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Energy Storage Systems (Clean Energy Solutions - PWRcell):
- The global energy storage systems market was estimated at USD 668.7 billion in 2024 and is expected to reach USD 5.12 trillion by 2034, growing at a CAGR of 21.7% from 2025 to 2034.
- The U.S. energy storage systems market was worth over USD 106.7 billion in 2024.
- The global energy storage system market is estimated to be valued at USD 52.95 billion in 2025 and is expected to reach USD 86.76 billion by 2032, exhibiting a CAGR of 7.3% from 2025 to 2032.
- Generac is actively targeting the residential solar-plus-storage market with its PWRcell battery systems.
- Generac acquired PowerPlay Battery Energy Storage Systems in June 2024, which specializes in Commercial & Industrial (C&I) projects up to 7 MWh.
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Outdoor Power Equipment:
- The global outdoor power equipment market size was valued at USD 37.36 billion in 2025 and is projected to grow from USD 39.33 billion in 2026 to USD 60.71 billion by 2034, exhibiting a CAGR of 5.58%.
- The global outdoor power equipment market size accounted at USD 38.83 billion in 2025 and is expected to reach around USD 62.00 billion by 2034, expanding at a CAGR of 5.33% from 2025 to 2034.
- North America dominated the global outdoor power equipment market with a share of 49.16% in 2025.
- The U.S. outdoor power equipment market is projected to grow significantly, reaching an estimated value of USD 24.94 billion by 2032.
- The outdoor power equipment market size is valued to increase by USD 11.51 billion at a CAGR of 6.44% from 2023 to 2028.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Generac (GNRC) over the next 2-3 years:
- Strong Demand for Residential Standby Generators: Generac anticipates continued growth in its residential product sales, particularly driven by an increase in shipments of home standby generators. The company's Q1 2024 earnings call indicated a mid-teens increase in home standby generator shipments. The 2026 outlook further projects residential product sales to increase, assuming more typical power outage activity.
- Growth in Commercial & Industrial (C&I) Segment Driven by Data Centers: The Commercial & Industrial segment is expected to be a significant driver of revenue growth, especially due to robust demand from data center customers and strategic partnerships with hyperscale clients. Analysts predict C&I product sales to increase in the 30% range for 2026.
- Strategic Acquisitions and Investments: Generac is expected to benefit from strategic acquisitions and investments that expand its market presence and product offerings. Recent examples include the acquisition of Allmand, which is contributing to C&I growth, and a minority investment in Wallbox in late 2023. These acquisitions are expected to have a favorable impact on overall revenue growth.
- Expanding Dealer Network: The expansion of Generac's dealer network, which has grown to an all-time high of 9,400, is expected to bolster its market position and contribute to favorable growth prospects in both residential and commercial sectors.
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Here is a summary of Generac (symbol: GNRC) capital allocation decisions over the last 3-5 years:
Share Repurchases
- Generac repurchased 1.1 million shares for $148 million in 2025.
- In February 2026, a new share repurchase authorization of up to $500 million was approved for the next 24 months, replacing the remaining balance of an earlier program.
- The company's buyback yield peaked in December 2022 at 5.8%.
Share Issuance
- Generac's shares outstanding have shown a declining trend, indicating repurchases rather than significant issuances. Shares outstanding were 0.059 billion in 2025, a 1.78% decline from 2024.
- Shares outstanding for Generac Holdings were 0.060 billion in 2024, a 2.75% decline from 2023.
- As of December 31, 2025, shares outstanding were 0.058 billion, representing a 3.4% decline year-over-year.
Outbound Investments
- In February 2026, Generac acquired Enercon, an operator of electrical services, with terms undisclosed.
- Generac acquired ecobee Inc. for $770 million in November 2021, expanding its presence in smart home technology and grid solutions.
- In August 2024, Generac acquired Ageto, a provider of microgrid controllers, to enhance its energy technology ecosystem for commercial and industrial customers.
Capital Expenditures
- Generac's capital expenditures in the most recent quarter (Q4 2025) totaled approximately $59.32 million USD.
- For the full year, capital expenditures are projected to be approximately 3% of forecasted net sales.
- The company is focusing capital expenditures on capacity expansion for large megawatt generators and made investments in existing facilities, including the purchase of an additional manufacturing facility in Wisconsin in Q4 2025.
Peer Outperformance in Heavy Electrical Equipment
nullShare of Heavy Electrical Equipment constituents that GNRC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
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insufficient peer history
3Y
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insufficient peer history
5Y
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insufficient peer history
Heavy Electrical Equipment peers with revenue growth within 4pp of GNRC's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| GNRC | Generac | 4.9% | 34.5x | 14.9% | 70.3% | -60.1% | — |
| AZZ | AZZ | 5.3% | 22.5x | 26.5% | 173.1% | 132.9% | +193pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Heavy Electrical Equipment is GNRC's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 31.6% | 32.1% | 105.5% | MATX 153% · KEX 106% |
| Construction & Engineering | 28 | -22.1% | 92.9% | 93.8% | FIX 949% · STRL 830% · AGX 565% |
| Construction Machinery & Heavy Transportation Equipment | 14 | 7.5% | 66.0% | 93.0% | ALSN 256% · WAB 210% · CAT 195% |
| Aerospace & Defense | 54 | -0.9% | 55.7% | 55.7% | ATI 891% · FTAI 850% · HWM 525% |
| Trading Companies & Distributors | 19 | 5.3% | 32.0% | 31.6% | DXPE 298% · AIT 187% · URI 180% |
| Industrial Machinery & Supplies & Components | 71 | 0.9% | 49.5% | 28.8% | CRS 795% · MLI 302% · SYM 266% |
| Rail Transportation | 7 | 34.9% | 68.8% | 25.2% | CSX 48% · UNP 36% · NSC 25% |
| Diversified Support Services | 34 | 15.4% | 37.0% | 15.8% | CXW 200% · OPLN 134% · CACI 113% |
| Building Products | 34 | -6.6% | 6.9% | 12.8% | MOD 760% · GFF 339% · TT 132% |
| Cargo Ground Transportation | 16 | 30.0% | 10.9% | 2.2% | XPO 270% · R 245% · ARCB 19% |
| Industrial Conglomerates | 17 | 13.4% | 3.3% | -0.6% | CSW 99% · CSL 70% · DD 67% |
| Office Services & Supplies | 10 | 19.2% | 22.9% | -2.5% | PBI 157% · HNI 37% · MSA 18% |
| Electrical Components & Equipment | 39 | -8.1% | 59.1% | -5.3% | POWL 1454% · VRT 565% · BE 441% |
| Data Processing & Outsourced Services | 6 | -11.7% | 1.7% | -13.8% | EXLS 57% · BR 20% · G -10% |
| Research & Consulting Services | 13 | 0.2% | -15.7% | -24.2% | HURN 210% · FCN 36% · BAH 9% |
| Agricultural & Farm Machinery | 16 | 14.3% | -4.3% | -25.5% | DE 102% · TTC 15% · AGCO 3% |
| Environmental & Facilities Services | 29 | -19.4% | 26.4% | -27.0% | GEO 191% · CLH 168% · RSG 98% |
| Security & Alarm Services | 9 | -45.7% | 29.4% | -27.5% | BCO 65% |
| Passenger Airlines | 11 | 6.4% | 67.5% | -34.4% | LTM 3140% · UAL 114% · DAL 105% |
| Air Freight & Logistics | 12 | -29.4% | -9.4% | -40.2% | FDX 75% · EXPD 56% · CHRW 50% |
| Human Resource & Employment Services | 22 | 23.6% | -9.6% | -42.8% | ADP 48% · FA 24% · PAYX 10% |
| Passenger Ground Transportation | 3 | -19.6% | 37.4% | -58.0% | UBER 45% · CAR -58% · LYFT -68% |
| Airport Services | 4 | -46.5% | -66.9% | -87.0% | JOBY -40% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 151.42 |
| Mkt Cap | 7.3 |
| Rev LTM | 3,441 |
| Op Inc LTM | 384 |
| FCF LTM | 314 |
| FCF 3Y Avg | 363 |
| CFO LTM | 447 |
| CFO 3Y Avg | 492 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.4% |
| Rev Chg 3Y Avg | 4.9% |
| Rev Chg Q | 16.4% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Inc Chg LTM | 15.4% |
| Op Inc Chg 3Y Avg | 11.6% |
| Op Mgn LTM | 11.6% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 14.9% |
| CFO/Rev 3Y Avg | 17.9% |
| FCF/Rev LTM | 10.6% |
| FCF/Rev 3Y Avg | 13.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.3 |
| P/S | 2.2 |
| P/Op Inc | 18.0 |
| P/EBIT | 18.6 |
| P/E | 21.6 |
| P/CFO | 15.0 |
| Total Yield | 5.2% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 4.7% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.5% |
| 3M Rtn | -16.5% |
| 6M Rtn | -19.9% |
| 12M Rtn | 20.8% |
| 3Y Rtn | 121.9% |
| 1M Excs Rtn | -13.4% |
| 3M Excs Rtn | -14.8% |
| 6M Excs Rtn | -23.9% |
| 12M Excs Rtn | 3.6% |
| 3Y Excs Rtn | 48.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $176.78 | |
| Market Cap ($ Bil) | 10.4 | |
| First Trading Date | 02/11/2010 | |
| Distance from 52W High | -40.2% | |
| 50 Days | 200 Days | |
| DMA Price | $197.75 | $219.07 |
| DMA Trend | down | up |
| Distance from DMA | -10.6% | -19.3% |
| 3M | 1YR | |
| Volatility | 64.1% | 58.8% |
| Downside Capture | 260.34 | 207.26 |
| Upside Capture | 205.58 | 198.70 |
| Correlation (S&P 500) | 33.9% | 44.5% |
GNRC Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.31 | 3.48 | 3.08 | 2.61 | 2.21 | 1.50 |
| Up Beta | 2.33 | 3.33 | 3.31 | 2.23 | 1.78 | 1.27 |
| Down Beta | 2.68 | 3.25 | 2.88 | 2.31 | 2.73 | 1.53 |
| Up Capture | 381% | 472% | 355% | 311% | 385% | 589% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 23 | 32 | 60 | 129 | 395 |
| Down Capture | 339% | 264% | 265% | 235% | 156% | 111% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 20 | 32 | 66 | 122 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNRC | |
|---|---|---|---|---|
| GNRC | 11.1% | 58.8% | 0.39 | - |
| Sector ETF (XLI) | 7.1% | 17.8% | 0.22 | 57.5% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 47.6% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 23.1% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -4.3% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 3.3% |
| Bitcoin (BTCUSD) | -26.9% | 43.6% | -0.60 | 17.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNRC | |
|---|---|---|---|---|
| GNRC | -18.7% | 54.3% | -0.18 | - |
| Sector ETF (XLI) | 10.9% | 17.7% | 0.45 | 55.3% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 53.7% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 13.1% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 9.3% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 39.6% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 27.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GNRC | |
|---|---|---|---|---|
| GNRC | 16.5% | 46.4% | 0.50 | - |
| Sector ETF (XLI) | 13.0% | 20.1% | 0.56 | 53.0% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 55.1% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 9.9% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 14.9% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 40.7% |
| Bitcoin (BTCUSD) | 60.1% | 66.3% | 1.00 | 17.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2026 | 3.9% | 8.0% | |
| 7/29/2026 | -0.2% | 11.8% | 5.6% |
| 4/29/2026 | 16.5% | 21.4% | 28.7% |
| 2/11/2026 | 17.9% | 25.3% | 12.0% |
| 10/29/2025 | -4.9% | -17.6% | -21.7% |
| 7/30/2025 | 19.6% | 30.4% | 23.6% |
| 4/30/2025 | 1.0% | 0.5% | 9.7% |
| 2/12/2025 | 7.6% | 0.5% | -9.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 9 | 11 | 10 |
| Median Positive | 11.6% | 11.1% | 12.0% |
| Median Negative | -4.9% | -8.4% | -10.0% |
| Max Positive | 19.6% | 30.4% | 39.3% |
| Max Negative | -24.4% | -29.4% | -22.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2026 | 3.9% | 8.0% | |
| 7/29/2026 | -0.2% | 11.8% | 5.6% |
| 4/29/2026 | 16.5% | 21.4% | 28.7% |
| 2/11/2026 | 17.9% | 25.3% | 12.0% |
| 10/29/2025 | -4.9% | -17.6% | -21.7% |
| 7/30/2025 | 19.6% | 30.4% | 23.6% |
| 4/30/2025 | 1.0% | 0.5% | 9.7% |
| 2/12/2025 | 7.6% | 0.5% | -9.9% |
| 10/31/2024 | 0.2% | 11.1% | 14.0% |
| 7/31/2024 | 0.1% | -10.2% | -1.2% |
| 5/1/2024 | -6.1% | 0.3% | 10.0% |
| 2/14/2024 | -0.3% | -8.2% | -8.9% |
| 11/1/2023 | 14.3% | 23.5% | 39.3% |
| 8/2/2023 | -24.4% | -29.4% | -22.3% |
| 5/3/2023 | 11.6% | 8.7% | 10.5% |
| 2/15/2023 | 8.0% | -5.2% | -7.7% |
| 11/2/2022 | -7.8% | -9.9% | -10.1% |
| 8/3/2022 | -6.6% | -8.4% | -17.3% |
| 5/4/2022 | 11.8% | -4.6% | 14.9% |
| 2/16/2022 | 14.4% | -2.1% | 12.0% |
| 11/2/2021 | -4.4% | -11.3% | -20.2% |
| 7/28/2021 | -1.8% | -8.4% | -3.0% |
| 4/29/2021 | 6.6% | 1.0% | 3.2% |
| 2/11/2021 | 13.9% | 26.6% | 18.6% |
| SUMMARY STATS | |||
| # Positive | 15 | 13 | 13 |
| # Negative | 9 | 11 | 10 |
| Median Positive | 11.6% | 11.1% | 12.0% |
| Median Negative | -4.9% | -8.4% | -10.0% |
| Max Positive | 19.6% | 30.4% | 39.3% |
| Max Negative | -24.4% | -29.4% | -22.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/03/2026 | 10-Q |
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/03/2026 | 10-Q |
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/03/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/25/2020 | 10-K |
Recent Forward Guidance
Updated 10/29/2026Latest: Q3 2026 Earnings Reported 10/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales Growth | Reported | 15.0% | 17.0% | 19.0% | 1.0% | Affirmed | Guidance: 16.0% for 2026 | |
| 2026 Net Sales Growth Impact from M&A and FX | Reported | 2.0% | ||||||
| 2026 Adjusted EBITDA Margin before non-controlling interests | Reported | 20.5% | 20.75% | 21.0% | 0.2% | Raised | Guidance: 20.5% for 2026 | |
| 2026 Net Income Margin before non-controlling interests | Reported | 9.0% | 9.5% | 10.0% | 0.0% | Affirmed | Guidance: 9.5% for 2026 | |
Prior: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales Growth | Reported | 16.0% | -1.0% | Affirmed | Guidance: 17.0% for 2026 | |||
| 2026 C&I Segment Sales Growth | Reported | 30.0% | 2.5% | Raised | Guidance: 27.5% for 2026 | |||
| 2026 Residential Segment Sales Growth | Reported | 7.5% | -2.5% | Lowered | Guidance: 10.0% for 2026 | |||
| 2026 Adjusted EBITDA Margin | Reported | 20.0% | 20.5% | 1.5% | Raised | Guidance: 19.0% for 2026 | ||
| 2026 Net Income Margin | Reported | 9.0% | 9.5% | 1.0% | Raised | Guidance: 8.5% for 2026 | ||
Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales Growth | Reported | 15.0% | 17.0% | 2.0% | Raised | Guidance: 15.0% for 2026 | ||
| 2026 C&I Segment Sales Growth | Reported | 25.0% | 27.5% | -2.5% | Lowered | Guidance: 30.0% for 2026 | ||
| 2026 Residential Segment Sales Growth | Reported | 10.0% | 0.0% | Affirmed | Guidance: 10.0% for 2026 | |||
| 2026 Adjusted EBITDA Margin | Reported | 18.5% | 19.0% | 0.5% | Raised | Guidance: 18.5% for 2026 | ||
| 2026 Net Income Margin | Reported | 8.0% | 8.5% | 0.0% | Affirmed | Guidance: 8.5% for 2026 | ||
Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales Growth | Reported | 15.0% | 15.0% | Higher New | Actual: 0.0% for 2025 | |||
| 2026 C&I Product Sales Growth | Reported | 30.0% | ||||||
| 2026 Residential Product Sales Growth | Reported | 10.0% | ||||||
| 2026 Adjusted EBITDA Margin | Reported | 18.0% | 18.5% | 19.0% | 1.5% | Higher New | Actual: 17.0% for 2025 | |
| 2026 Net Income Margin | Reported | 8.0% | 8.5% | 9.0% | 2.5% | Higher New | Actual: 6.0% for 2025 | |
Insider Activity
Updated 11/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Taffe, Norman P | President Generac Home | Direct | Sell | 11062026 | 182.01 | 300 | 54,603 | 1,943,139 | Form |
| 2 | Raabe, Kyle Andrew | President, Home Power Gen. | Direct | Sell | 11042026 | 210.00 | 598 | 125,580 | 2,011,800 | Form |
| 3 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 11032026 | 200.61 | 5,000 | 1,003,050 | 108,234,712 | Form |
| 4 | Taffe, Norman P | President Generac Home | Direct | Sell | 10072026 | 220.00 | 150 | 33,000 | 2,414,720 | Form |
| 5 | Taffe, Norman P | President Generac Home | Direct | Sell | 10072026 | 215.46 | 400 | 86,184 | 2,364,889 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Taffe, Norman P | President Generac Home | Direct | Sell | 11062026 | 182.01 | 300 | 54,603 | 1,943,139 | Form |
| 2 | Raabe, Kyle Andrew | President, Home Power Gen. | Direct | Sell | 11042026 | 210.00 | 598 | 125,580 | 2,011,800 | Form |
| 3 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 11032026 | 200.61 | 5,000 | 1,003,050 | 108,234,712 | Form |
| 4 | Taffe, Norman P | President Generac Home | Direct | Sell | 10072026 | 220.00 | 150 | 33,000 | 2,414,720 | Form |
| 5 | Taffe, Norman P | President Generac Home | Direct | Sell | 10072026 | 215.46 | 400 | 86,184 | 2,364,889 | Form |
| 6 | Raabe, Kyle Andrew | President, Home Power Gen. | Direct | Sell | 10062026 | 212.57 | 603 | 128,180 | 2,118,473 | Form |
| 7 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 10022026 | 206.00 | 5,000 | 1,030,000 | 112,172,768 | Form |
| 8 | Taffe, Norman P | President Generac Home | Direct | Sell | 9182026 | 229.50 | 150 | 34,425 | 2,587,842 | Form |
| 9 | Raabe, Kyle Andrew | President, Home Power Gen. | Direct | Sell | 9182026 | 229.50 | 603 | 138,388 | 2,376,702 | Form |
| 10 | Taffe, Norman P | President Generac Home | Direct | Sell | 9092026 | 188.70 | 400 | 75,481 | 2,127,809 | Form |
| 11 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 9022026 | 182.21 | 5,000 | 911,050 | 100,129,497 | Form |
| 12 | Raabe, Kyle Andrew | President, Home Power Gen. | Direct | Sell | 8102026 | 213.35 | 586 | 125,023 | 2,292,659 | Form |
| 13 | Taffe, Norman P | President Generac Home | Direct | Sell | 8062026 | 218.83 | 550 | 120,356 | 3,393,602 | Form |
| 14 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 8042026 | 194.89 | 5,000 | 974,450 | 108,071,962 | Form |
| 15 | Taffe, Norman P | President Generac Home | Direct | Sell | 7072026 | 256.00 | 550 | 140,800 | 4,046,848 | Form |
| 16 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 7022026 | 288.05 | 5,000 | 1,440,250 | 161,172,040 | Form |
| 17 | Taffe, Norman P | President Generac Home | Direct | Sell | 6082026 | 272.26 | 550 | 149,743 | 4,385,564 | Form |
| 18 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 6032026 | 272.18 | 5,000 | 1,360,900 | 153,653,231 | Form |
| 19 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 5052026 | 260.02 | 5,000 | 1,300,100 | 148,088,671 | Form |
| 20 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 4032026 | 199.81 | 5,000 | 999,050 | 114,796,440 | Form |
| 21 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 3062026 | 216.95 | 5,000 | 1,084,750 | 125,728,600 | Form |
| 22 | Ragen, York A | Chief Financial Officer | Direct | Sell | 2272026 | 235.61 | 24,362 | 5,739,828 | 32,320,872 | Form |
| 23 | Taffe, Norman P | President Energy Technology | Direct | Sell | 2272026 | 238.53 | 1,973 | 470,628 | 3,342,105 | Form |
| 24 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 2032026 | 166.91 | 5,000 | 834,550 | 88,122,805 | Form |
| 25 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 1052026 | 137.98 | 5,000 | 689,900 | 73,538,649 | Form |
| 26 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 12022025 | 148.27 | 5,000 | 741,350 | 79,764,219 | Form |
| 27 | Jagdfeld, Aaron | Chief Executive Officer | Direct | Sell | 11052025 | 166.43 | 5,000 | 832,150 | 90,365,831 | Form |
Investor Activity (13F)
Updated Nov 7, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Paradice Investment Management LLC | $40.7 Mil | 7.6% | 23 | Hold | 13F |
| No Street GP LP | $107.4 Mil | 7.2% | 31 | ADD +48.6% | 13F |
| Park Presidio Capital LLC | $101.6 Mil | 7.1% | 13 | ADD +21.1% | 13F |
| One Fin Capital Management LP | $13.1 Mil | 5.0% | 19 | New | 13F |
| Palo Duro Investment Partners, LP | $24.4 Mil | 4.7% | 29 | ADD +6.9% | 13F |
| Minneapolis Portfolio Management Group, LLC | $34.0 Mil | 3.6% | 33 | Hold | 13F |
| Redwood Grove Capital, LLC | $9.6 Mil | 3.1% | 22 | TRIM -39.4% | 13F |
| 12th Street Asset Management Company, LLC | $13.1 Mil | 2.1% | 32 | New | 13F |
| Southernsun Asset Management, LLC | $9.5 Mil | 1.4% | 31 | TRIM -12.5% | 13F |
| Sourcerock Group LLC | $10.5 Mil | 0.4% | 39 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| One Fin Capital Management LP | $13.1 Mil | 5.0% | 19 | New | 13F |
| 12th Street Asset Management Company, LLC | $13.1 Mil | 2.1% | 32 | New | 13F |
| Sourcerock Group LLC | $10.5 Mil | 0.4% | 39 | New | 13F |
| No Street GP LP | $107.4 Mil | 7.2% | 31 | ADD +48.6% | 13F |
| Park Presidio Capital LLC | $101.6 Mil | 7.1% | 13 | ADD +21.1% | 13F |
| Palo Duro Investment Partners, LP | $24.4 Mil | 4.7% | 29 | ADD +6.9% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| No Street GP LP | $107.4 Mil | 7.2% | 31 | ADD +48.6% | 13F |
| Park Presidio Capital LLC | $101.6 Mil | 7.1% | 13 | ADD +21.1% | 13F |
| Paradice Investment Management LLC | $40.7 Mil | 7.6% | 23 | Hold | 13F |
| Minneapolis Portfolio Management Group, LLC | $34.0 Mil | 3.6% | 33 | Hold | 13F |
| Palo Duro Investment Partners, LP | $24.4 Mil | 4.7% | 29 | ADD +6.9% | 13F |
| One Fin Capital Management LP | $13.1 Mil | 5.0% | 19 | New | 13F |
| 12th Street Asset Management Company, LLC | $13.1 Mil | 2.1% | 32 | New | 13F |
| Sourcerock Group LLC | $10.5 Mil | 0.4% | 39 | New | 13F |
| Redwood Grove Capital, LLC | $9.6 Mil | 3.1% | 22 | TRIM -39.4% | 13F |
| Southernsun Asset Management, LLC | $9.5 Mil | 1.4% | 31 | TRIM -12.5% | 13F |
Generac — Investor Video Playlist
Investor / Analyst
Generac Holdings (GNRC) Q3 2026 Earnings Call: EPS Beat Estimates by 5% | Full Recording
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Providing Backup Power for the World’s Largest Hyatt Hotel
Investor / Analyst
GNRC Stock | Generac Holdings, Inc. Q1 2026 Earnings Call
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Products & Services
How to Safely Shut Down and Restart a Whole Home Generator During a Power Outage
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Heavy Electrical Equipment Resources |
| Power Engineering |
| Electrical Review |
| IEEE Power & Energy Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/6/2026