Generac Holdings Inc.
Description
Generac Holdings Inc. designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products. It also provides smart home energy management devices and sensors for heating and cooling system; smart doorbell cameras; and portable and inverter generators; multiple portable battery solutions; manual transfer switches; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products. In addition, the company offers commercial and industrial products comprising cleaner-burning natural gas fueled generators; light-commercial standby generators and related transfer switches; stationary generators; single-engine industrial generators; industrial standby generators; industrial transfer switches; light towers, mobile generators, commercial mobile pumps, heaters, dust-suppression equipment, and mobile energy storage systems; stationary energy storage system and related inverter products; and aftermarket service parts and product accessories. The company distributes its products through independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce partners, electrical/HVAC/solar wholesalers, solar installers, catalogs, equipment rental companies, and other equipment distributors; and directly to end users. The company was founded in 1959 and is headquartered in Waukesha, Wisconsin.
About
CEO
Mr. Aaron P. Jagdfeld
Employees
8,315
Instrument type
Common Stock
Sector
Industrials
Industry
Specialty Industrial Machinery
MIC code
XNYS
Address
S45 W29290 Highway 59, Waukesha, WI 53189, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 10, 2025 | 2.49 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 18 | — | 24 |
| Average estimate | — | 1.57 | — | 8.25 |
| Low estimate | — | 1.00 | — | 6.65 |
| High estimate | — | 2.89 | — | 9.44 |
| Last year EPS | — | 0.88 | — | 7.02 |
[stock_revenue_estimate]
Growth estimates
Current qtr
21.780%
Next qtr. (Mar 2025)
78.360%
Current year
29.910%
Next year (Dec 2025)
17.670%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.02B | 4.56B | 3.74B | 2.49B | 2.20B |
| Cost of revenue | 2.66B | 3.04B | 2.38B | 1.53B | 1.41B |
| Gross profit | 1.37B | 1.52B | 1.36B | 957.65M | 797.75M |
| Operating expense | |||||
| Research & development | 173.44M | 159.77M | 104.30M | 80.25M | 68.39M |
| Selling general and admin | 701.14M | 691.12M | 463.29M | 364.61M | 326.70M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 386.66M | 567.79M | 742.60M | 480.52M | 374.01M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 97.63M | 54.83M | 32.95M | 32.99M | 41.54M |
| Other income expense | 1.27M | -4.50M | -18.12M | -1.34M | -12.86M |
| Pretax income | 290.30M | 508.47M | 691.53M | 446.19M | 319.61M |
| Tax provision | 73.18M | 99.60M | 134.96M | 98.97M | 67.30M |
| Net income | 217.12M | 408.87M | 556.57M | 347.22M | 252.31M |
| Basic EPS | 3.31 | 5.55 | 8.51 | 5.61 | 4.09 |
| Diluted EPS | 3.27 | 5.42 | 8.30 | 5.48 | 4.03 |
| Basic average shares | 61.27M | 63.12M | 62.69M | 62.28M | 61.93M |
| Diluted average shares | 61.27M | 63.12M | 62.69M | 62.28M | 61.93M |
| EBITDA | 550.72M | 723.51M | 837.40M | 547.18M | 422.07M |
| Net income from continuing op. | 217.12M | 408.87M | 556.57M | 347.22M | 252.31M |
| Minority interests | -14.03M | -58.60M | -23.18M | 2.11M | 952,000 |
| Preferred stock dividends | — | — | — | — | -1.25M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 5.09B | 5.17B | 4.88B | 3.24B | 2.67B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 200.99M | 132.72M | 147.34M | 655.13M | 322.88M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 537.32M | 522.46M | 546.47M | 374.91M | 319.54M |
| Other receivables | — | — | — | — | — |
| Inventory | 1.17B | 1.41B | 1.09B | 603.32M | 522.02M |
| Prepaid assets | — | — | 64.95M | 36.38M | 31.38M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 91.90M | 121.78M | 64.95M | 36.38M | 31.38M |
| Non current assets | |||||
| Properties | 249.05M | 212.51M | 153.47M | 97.20M | 68.95M |
| Land and improvements | 22.56M | 22.59M | 26.14M | 18.36M | 18.25M |
| Machinery furniture equipment | 468.89M | 387.57M | 319.28M | 267.66M | 220.19M |
| Construction in progress | 98.08M | 52.52M | 47.60M | 30.23M | 36.30M |
| Leases | 8.77M | 6.85M | 5.68M | 5.28M | 4.29M |
| Accumulated depreciation | -344.21M | -282.82M | -233.70M | -200.68M | -161.18M |
| Goodwill | 3.71B | 3.73B | 3.86B | 2.00B | 1.91B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 846.08M | 930.71M | 1.04B | 292.02M | 297.73M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 15.53M | 12.75M | 15.74M | 1.50M | 13.90M |
| Total liabilities | 2.74B | 2.80B | 2.61B | 1.78B | 1.57B |
| Current liabilities | |||||
| Accounts payable | 340.72M | 446.05M | 674.21M | 330.25M | 261.98M |
| Accrued expenses | 412.39M | 484.27M | 403.73M | 267.85M | 173.99M |
| Short term debt | 127.66M | 61.72M | 77.97M | 43.43M | 61.10M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.61B | 1.54B | 1.24B | 1.02B | 978.20M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 90.01M | 125.69M | 205.96M | 115.77M | 96.33M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | 110.65M |
| Shareholders equity | |||||
| Common stock | 733,000 | 728,000 | 725,000 | 721,000 | 717,000 |
| Retained earnings | 2.52B | 2.32B | 1.97B | 1.43B | 1.08B |
| Other shareholders equity | -15.14M | -65.10M | -54.76M | -34.25M | -24.92M |
| Total shareholders equity | 2.35B | 2.37B | 2.27B | 1.46B | 1.09B |
| Additional paid in capital | 1.07B | 1.02B | 952.94M | 525.54M | 498.87M |
| Treasury stock | 1.03B | 808.49M | 448.98M | 332.16M | 324.55M |
| Minority interest | 9.37M | 112.35M | 58.36M | 66.12M | 61.70M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||
| Net Income | 217.12M | 408.87M | 556.57M | 347.22M | 252.31M | 241.22M | 159.56M | 97.18M | 77.75M | 174.61M | 174.54M | 93.22M | 324.64M | 56.91M | 43.06M | -555.96M | -9.71M |
| Depreciation | 166.60M | 156.14M | 92.04M | 68.77M | 60.91M | 47.41M | 51.99M | 54.42M | 40.33M | 34.73M | 36.77M | 54.16M | 56.12M | 59.44M | 59.68M | 54.77M | 53.78M |
| Deferred Taxes | -34.48M | -95.47M | -2.10M | 21.20M | 18.73M | 23.60M | 19.50M | 38.30M | 26.96M | 37.88M | 82.68M | 62.43M | -238.17M | — | — | — | — |
| Stock-Based Compensation | 35.49M | 29.48M | 23.95M | 20.88M | 16.69M | 14.56M | 10.21M | 9.49M | 8.24M | 12.61M | 12.37M | 10.78M | 8.65M | 6.36M | 38,000 | 40,000 | 357,000 |
| Other Non-Cash Items | 9.81M | 21.57M | 2.80M | 9.74M | 5.80M | 7.22M | 3.93M | 4.07M | 5.97M | 2.99M | 7.15M | 5.84M | 1.99M | 61.72M | — | — | — |
| Accounts Receivable | -18.27M | 6.55M | -131.86M | -55.98M | 8.23M | -43.24M | -32.86M | -21.22M | 9.61M | -2.99M | -5.26M | -137,000 | -22.24M | -8.62M | 11.78M | -20.77M | 4.81M |
| Accounts Payable | -120.90M | -223.03M | 297.32M | 66.04M | -69.40M | 86.36M | 42.79M | 32.91M | -27.77M | 15.27M | -5.85M | -3.90M | 18.52M | 7.90M | -20.89M | 34.45M | -3.37M |
| Other Assets & Liabilities | 285.96M | -331.42M | -503.62M | -72.09M | 23.75M | -160.83M | -40.92M | 7.17M | 4.59M | -5.01M | -74.94M | -44.66M | -18.26M | -2.17M | -1.46M | -27.79M | 19.58M |
| Operating Cash Flow | 541.33M | -27.30M | 335.11M | 405.78M | 317.02M | 216.30M | 214.19M | 222.30M | 145.67M | 270.09M | 227.46M | 177.74M | 131.25M | 181.54M | 92.20M | -515.25M | 65.44M |
| Investing Activities | |||||||||||||||||
| Capital Expenditures | 2.90M | 2.08M | 259,000 | 179,000 | 95,000 | 214,000 | 82,000 | 1.36M | 105,000 | 394,000 | 80,000 | 91,000 | 14,000 | -9.56M | -4.46M | -5.09M | -13.14M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -22.60M | -40.00M | -717.13M | -64.80M | -112.00M | -65.44M | 1.26M | -76.72M | -73.78M | -61.20M | -113.86M | -47.04M | -83.91M | -1.65M | — | — | — |
| Purchase of Investments | -32.59M | -15.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 3.29M | 4.87M | 9.58M | 2.65M | 2.63M | 3.93M | 3.79M | 12.29M | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -49.00M | -48.04M | -707.30M | -61.97M | -109.28M | -61.29M | 5.13M | -63.07M | -73.68M | -60.80M | -113.78M | -46.95M | -83.89M | -11.20M | -4.35M | -5.04M | -12.73M |
| Financing Activities | |||||||||||||||||
| Long-Term Debt Issuance | 348.83M | 1.03B | 150.09M | 277,000 | 1.66M | 51.43M | 3.07M | — | 100.00M | — | 1.20B | 1.46B | — | — | — | — | — |
| Long-Term Debt Payments | -325.80M | -810.32M | -347.67M | -282.48M | -112.57M | -129.71M | -232.35M | -65.38M | -173.98M | -120.48M | -920.17M | -1.20B | -59.36M | -434.31M | -9.50M | -10.40M | -9.50M |
| Other Financing Charges | -120.72M | -68.07M | -91.00M | -18.91M | -13.75M | -7.68M | -9.79M | -10.65M | -5.51M | -1.19M | -25.81M | -27.53M | -171,000 | — | -678,000 | 37,000 | -195,000 |
| Financing Cash Flow | -322.06M | -217.88M | -380.87M | -321.24M | -110.83M | -85.53M | -281.97M | -225.08M | -177.63M | -142.47M | -92.38M | -174.35M | -59.53M | -186.00M | 9.82M | 4.73M | -8.94M |
| Other Cash Details | |||||||||||||||||
| End Cash Position | 200.99M | 132.72M | 147.34M | 655.13M | 322.88M | 224.48M | 138.47M | 67.27M | 115.86M | 189.76M | 150.15M | 108.02M | 93.13M | 78.58M | 161.31M | 81.23M | 71.32M |
| Income Tax Paid | 100.08M | 150.89M | 156.73M | 61.86M | 61.77M | 41.04M | 23.84M | 8.89M | 6.09M | 34.28M | 25.82M | 2.81M | 437,000 | 322,000 | 383,000 | 295,000 | 4.78M |
| Interest Paid | 84.03M | 48.91M | 27.84M | 28.77M | 35.47M | 41.01M | 41.11M | 42.46M | 39.52M | 42.59M | 55.83M | 33.08M | 24.26M | 36.80M | 75.60M | 109.43M | 101.63M |
| Free Cash Flow | 392.61M | -27.67M | 301.16M | 424.41M | 248.09M | 199.63M | 224.06M | 210.66M | 157.97M | 218.30M | 229.17M | 213.20M | 157.65M | 104.85M | 70.08M | 5.04M | 25.32M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,917,454 | 273.35M | 3.22% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 1,575,851 | 224.65M | 2.65% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,505,735 | 214.66M | 2.53% |
| John Hancock Fds III-Disciplined Value Mid Cap Fd | Nov 30, 2024 | 1,226,378 | 174.83M | 2.06% |
| Invesco ETF Tr-Invesco S&P 500 Equal Weight ETF | Nov 30, 2024 | 979,492 | 139.64M | 1.65% |
| Growth Fund of America Inc | Nov 30, 2024 | 942,790 | 134.40M | 1.58% |
| Delaware Ivy Mid Cap Growth Fund | Sep 30, 2024 | 875,182 | 124.77M | 1.47% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 830,297 | 118.37M | 1.40% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 743,304 | 105.97M | 1.25% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 743,190 | 105.95M | 1.25% |
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