Generac (GNRC): financials, SEC filings and peers
Generac (GNRC) is a heavy electrical equipment company in the Industrials sector of the S&P 500, headquartered in Waukesha, Wisconsin.
It was founded in 1959 and joined the S&P 500 on March 22, 2021.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Motors & Generators”.
Generac at a glance
- Revenue (12 months)
- $4.6B
- Revenue growth
- +6.1%
- Operating margin
- 10.4%
- Net income (12 months)
- $301M
- Free cash flow (12 months)
- $414M
- Cash
- $394M
- Debt
- $1.3B
- Diluted EPS (12 months)
- $5.06
Twelve months to September 30, 2026, from the 10-Q filed November 3, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Generac reported revenue of $4.6 billion, about the same as a year earlier (+6.1%).
Its operating margin was 10.4%, down 1.0 percentage points from a year earlier: for every $100 of sales, about $10 was left as operating profit.
Net income was $301 million (6.5% of revenue), 0.0% higher than a year earlier.
Operating cash flow was $601 million and capital spending $186 million, leaving free cash flow of $414 million (9.0% of revenue).
At the end of the period it held $394 million in cash and $1.3 billion in debt, a net debt position of $875 million.
Five-year trend
- Revenue went from $2.5 billion in fiscal 2020 to $4.2 billion in fiscal 2025, about 11.1% a year.
- Operating margin narrowed from 19.3% to 6.9% over the same years.
- Free cash flow was negative in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.6B | $4.0B | $4.3B | $4.2B |
| Revenue growth | 50.4% | 22.1% | -11.9% | 6.8% | -2.0% |
| Operating margin | 19.3% | 12.4% | 9.6% | 12.5% | 6.9% |
| Net income | $550M | $400M | $215M | $316M | $160M |
| Free cash flow | $301M | −$28M | $393M | $605M | $268M |
| Diluted EPS | $8.30 | $5.42 | $3.27 | $5.39 | $2.69 |
Fiscal years as reported in Generac’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 3, 2026 — quarterly report
- 8-K filed October 28, 2026 — Earnings results
- 8-K filed September 16, 2026 — Material agreement; Unregistered share sale
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed July 29, 2026 — Earnings results
- 8-K filed June 12, 2026 — Shareholder vote results
- 10-Q filed May 5, 2026 — quarterly report
- 8-K filed April 29, 2026 — Earnings results; Regulation FD disclosure
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Questions about Generac
Is Generac's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $4.6 billion, up 6.1% from a year earlier, according to its SEC filings.
Is Generac profitable?
Yes. It earned $301 million in net income over the twelve months to September 30, 2026, a net margin of 6.5%.
Does Generac have more cash or more debt?
At September 30, 2026 it had $394 million in cash and $1.3 billion in debt, so more debt than cash.
When did Generac last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 3, 2026.
Which companies are similar to Generac?
In the S&P 500, Generac is grouped in Heavy Electrical Equipment within the Industrials sector. GE Vernova (GEV) are in the same group.
Understand the numbers
Source: Generac’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.