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Maker of backup power generators for homes and businesses, expanding into home energy storage and management.
Maker of backup power generators for homes and businesses, expanding into home energy storage and management.
Sells home standby generators through a network of installers and dealers who handle fitting, with orders jumping after big storms and long outages. Industrial generators sell to businesses and data centers through distributors, and home energy storage is a newer, smaller line.
Moat: narrow (brand, distribution, scale). Dominant US home-generator brand with a deep dealer/installer network.
Headquarters: Waukesha, Wisconsin, US · Founded: 1959 · Employees: 9,400
Size Generac (GNRC) is a United States Industrials company (Electrical Products) with a market value of $10.4B, the 753rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $176.78 on 6 Nov 2026.
Performance Over six months the shares fell 34.4%, against -21.1% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 6.1% over the last twelve months (peer median +12.9%); the operating margin is 13.3% (peer median 12.7%).
Valuation It trades at 14.6× forward earnings against a peer median of 17.4× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points below its cost of capital (13.2% WACC).
Backlog Backlog (remaining performance obligations) was $211M at 30 Sep 2025, up 18% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 4.8% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.62B | $4.21B | $4.30B | $4.02B | $4.56B |
| Revenue growth | — | -2% | +7% | -12% | — |
| Gross profit | $1.74B | $1.53B | $1.57B | $1.26B | $1.42B |
| EBITDA | $837M | $649M | $713M | $592M | $724M |
| Net income | $301M | $160M | $325M | $203M | $350M |
| Free cash flow | $414M | $268M | $605M | $393M | -$27.7M |
| Capital expenditure | $186M | $170M | $137M | $129M | $86.2M |
| Total debt | $1.35B | $1.38B | $1.39B | $1.65B | $1.53B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Generac GNRC | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% |
| Cummins CMI | $62.0B | -34% | +3% | 11% | 13.8× | 11.6% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 176.4× | n/a |
| Enphase Energy ENPH | $3.77B | -22% | -20% | 13% | 27.0× | 18.7% |
| Rolls-Royce RR..L | $140B | +6% | +19% | 18% | 28.5× | 24.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GNRC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.2% | -14.2% | 9th lowest of 21 |
| 6-month return | -34.4% | -21.1% | 6th lowest of 20 |
| Distance from 52-week high | -40.4% | -35.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +6.1% | +12.9% | 5th lowest of 20 |
| Operating margin | 13.3% | 12.7% | 9th highest of 20 |
| Forward P/E | 14.6× | 17.4× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 20.1% | 6.6% | 3rd most demanding of 17 |
| Growth delivered (Del g) | +11.1% | +10.9% | 8th highest of 16 |
| Hurdle (Req g minus delivered) | +9.0 pp | -1.4 pp | 3rd most demanding of 16 |
| ROIC minus cost of capital | -0.9 pp | +11.5 pp | 5th lowest of 19 |
| EV / EBITDA | 13.6× | 13.5× | 6th most expensive of 12 |
| Net debt / EBITDA | 1.1× | 0.3× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Anker Innovations Technology 300866.SZ | China | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% | +26.7% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Goldwind Science & Technology 002202.SZ | China | $8.58B | -45% | +11% | 6% | 16.6× | n/a | n/a |
Generac reported $211M of remaining performance obligations at 30 Sep 2025, up 18% from a year earlier and up 4% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.