financial statements

The full income statement, balance sheet, and cash-flow statement for Generac Holdlings Inc. (GNRC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.21B YoY-2.0%	4.30B YoY+6.8%	4.02B YoY-11.9%	4.56B YoY+22.1%	3.74B YoY+50.4%
	1.61B YoY-3.2%	1.67B YoY+22.0%	1.37B YoY-10.3%	1.52B YoY+11.9%	1.36B YoY+42.0%
Cost of revenue	2.60B YoY-1.2%	2.63B YoY-1.0%	2.66B YoY-12.7%	3.04B YoY+28.0%	2.38B YoY+55.6%
	1.32B YoY+17.2%	1.13B YoY+15.3%	979M YoY+2.5%	956M YoY+49.6%	639M YoY+33.5%
Research & development	243M YoY+10.9%	220M YoY+26.6%	173M YoY+8.6%	160M YoY+53.2%	104M YoY+30.0%
Selling, general & administrative	422M YoY+48.1%	285M YoY+12.5%	253M YoY+29.1%	196M YoY+36.1%	144M YoY+22.0%
General & administrative	422M YoY+48.1%	285M YoY+12.5%	253M YoY+29.1%	196M YoY+36.1%	144M YoY+22.0%
Selling & marketing	555M YoY+5.5%	526M YoY+17.5%	448M YoY-9.7%	496M YoY+55.6%	319M YoY+29.5%
Amortization of intangibles	102M YoY+3.9%	97.7M YoY-6.2%	104M YoY+0.8%	103M YoY+107.1%	49.9M YoY+54.5%
Provision for credit losses	—	—	7.44M YoY-58.6%	18.0M YoY+8621.4%	206K YoY-95.6%
Operating income	289M YoY-46.1%	537M YoY+39.0%	386M YoY-31.8%	566M YoY-21.5%	721M YoY+50.5%
Interest expense	70.7M YoY-21.2%	89.7M YoY-8.1%	97.6M YoY+78.1%	54.8M YoY+66.4%	33.0M YoY-0.1%
Other non-operating income	-5.27M YoY-126.4%	-2.33M YoY+8.5%	-2.54M YoY-500.0%	-424K YoY-115.4%	2.76M YoY+231.0%
Pre-tax income	199M YoY-51.4%	409M YoY+41.0%	290M YoY-42.9%	508M YoY-26.5%	692M YoY+55.0%
Income tax	37.7M YoY-59.2%	92.5M YoY+26.3%	73.2M YoY-26.5%	99.6M YoY-26.2%	135M YoY+36.4%
	161M YoY-49.1%	317M YoY+46.0%	217M YoY-46.9%	409M YoY-26.5%	557M YoY+58.8%
Net income to non-controlling interest	1.80M YoY+171.5%	663K YoY-73.6%	2.51M YoY-73.2%	9.37M YoY+54.2%	6.08M YoY+280.9%
	$2.69 YoY-50.1%	$5.39 YoY+64.8%	$3.27 YoY-39.7%	$5.42 YoY-34.7%	$8.30 YoY+51.5%
EPS (basic)	$2.73 YoY-50.0%	$5.46 YoY+65.0%	$3.31 YoY-40.4%	$5.55 YoY-34.8%	$8.51 YoY+51.7%
Weighted-avg shares (basic)	58.5M YoY-1.7%	59.6M YoY-2.8%	61.3M YoY-2.9%	63.1M YoY+0.7%	62.7M YoY+0.7%
Weighted-avg shares (diluted)	59.3M YoY-1.8%	60.4M YoY-2.8%	62.1M YoY-4.1%	64.7M YoY+0.7%	64.3M YoY+0.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.46B YoY+21.2%	2.03B YoY+1.7%	2.00B YoY-8.5%	2.18B YoY+18.1%	1.85B YoY+10.7%
Cash & equivalents	341M YoY+21.4%	281M YoY+39.9%	201M YoY+51.4%	133M YoY-9.9%	147M YoY-77.5%
Accounts receivable	603M YoY-1.5%	612M YoY+13.9%	537M YoY+2.8%	522M YoY-4.4%	546M YoY+45.8%
Inventory	1.25B YoY+21.1%	1.03B YoY-11.6%	1.17B YoY-16.9%	1.41B YoY+29.0%	1.09B YoY+80.6%
Prepaid expenses	269M YoY+151.5%	107M YoY+16.6%	91.9M YoY-24.5%	122M YoY+87.5%	65.0M YoY+78.5%
	5.57B YoY+9.1%	5.11B YoY+0.3%	5.09B YoY-1.5%	5.17B YoY+6.0%	4.88B YoY+50.8%
Property, plant & equipment	814M YoY+17.9%	690M YoY+15.3%	599M YoY+28.0%	468M YoY+6.1%	441M YoY+28.2%
Operating lease right-of-use	51.3M YoY-11.6%	58.0M YoY-18.2%	70.9M YoY+90.3%	37.3M YoY+0.0%	37.3M YoY+0.0%
Goodwill	1.47B YoY+2.1%	1.44B YoY+0.3%	1.43B YoY+2.2%	1.40B YoY-0.6%	1.41B YoY+64.8%
Intangible assets	675M YoY-11.0%	759M YoY-10.3%	846M YoY-9.1%	931M YoY-10.6%	1.04B YoY+256.5%
Deferred tax assets	41.9M YoY+73.8%	24.1M YoY+55.4%	15.5M YoY+21.9%	12.7M YoY-19.0%	15.7M YoY+951.4%
Other non-current assets	15.3M YoY+0.0%	15.3M YoY+0.0%	15.3M YoY+0.0%	15.3M YoY+0.0%	15.3M YoY+0.0%
	1.22B YoY+17.6%	1.03B YoY+17.3%	881M YoY-11.2%	992M YoY-14.2%	1.16B YoY+80.2%
Accounts payable	437M YoY-4.8%	459M YoY+34.6%	341M YoY-23.6%	446M YoY-33.8%	674M YoY+104.2%
Accrued liabilities	73.7M YoY+0.0%	73.7M YoY+0.0%	73.7M YoY+0.0%	73.7M YoY+0.0%	73.7M YoY+0.0%
Deferred revenue	32.1M YoY+0.0%	32.1M YoY+0.0%	32.1M YoY+0.0%	32.1M YoY+0.0%	32.1M YoY+24.8%
Short-term & current debt	12.7M YoY-79.0%	60.8M YoY+44.3%	42.1M YoY+317.6%	10.1M YoY+485.9%	1.72M YoY-6.3%
Current lease liability	15.7M YoY-46.3%	29.3M YoY-0.2%	29.4M YoY+290.8%	7.52M YoY+0.0%	7.52M YoY+0.0%
	2.93B YoY+12.4%	2.61B YoY-4.8%	2.74B YoY-2.0%	2.80B YoY+7.4%	2.61B YoY+46.5%
Long-term debt	1.19B YoY-1.4%	1.21B YoY-15.6%	1.43B YoY+4.7%	1.37B YoY+55.4%	882M YoY+5.8%
Deferred revenue (non-current)	233M YoY+20.5%	193M YoY+15.7%	167M YoY+16.2%	144M YoY+627.1%	19.8M YoY+0.0%
Non-current lease liability	36.1M YoY+23.9%	29.2M YoY-34.8%	44.8M YoY+45.8%	30.7M YoY+0.0%	30.7M YoY+0.0%
Deferred tax liabilities	60.9M YoY+83.6%	33.2M YoY-63.1%	90.0M YoY-28.4%	126M YoY-39.0%	206M YoY+77.9%
Other non-current liabilities	95.6M YoY+0.0%	95.6M YoY+0.0%	95.6M YoY+0.0%	95.6M YoY+0.0%	95.6M YoY+0.0%
	2.63B YoY+5.5%	2.49B YoY+6.6%	2.34B YoY+3.7%	2.26B YoY+2.0%	2.21B YoY+59.2%
Common stock	741K YoY+0.4%	738K YoY+0.7%	733K YoY+0.7%	728K YoY+0.4%	725K YoY+0.6%
Additional paid-in capital	1.19B YoY+4.7%	1.13B YoY+5.9%	1.07B YoY+5.3%	1.02B YoY+6.6%	953M YoY+81.3%
Retained earnings	3.00B YoY+5.6%	2.84B YoY+12.9%	2.52B YoY+8.8%	2.32B YoY+17.8%	1.97B YoY+37.2%
Treasury stock	1.36B YoY+13.5%	1.20B YoY+15.9%	1.03B YoY+27.8%	808M YoY+80.1%	449M YoY+35.2%
Accumulated other comprehensive income	874K YoY+101.0%	-85.4M YoY-464.0%	-15.1M YoY+76.7%	-65.1M YoY-18.9%	-54.8M YoY-59.8%
Non-controlling interest	5.88M YoY+85.8%	3.17M YoY+12.3%	2.82M YoY+50.4%	1.87M YoY+498.7%	313K YoY+451.7%
Total equity incl. non-controlling	2.64B YoY+5.6%	2.50B YoY+6.6%	2.34B YoY+3.7%	2.26B YoY+2.0%	2.21B YoY+59.3%
Total liabilities & equity	5.57B YoY+9.1%	5.11B YoY+0.3%	5.09B YoY-1.5%	5.17B YoY+6.0%	4.88B YoY+50.8%
Common shares issued	74.1M YoY+0.4%	73.8M YoY+0.8%	73.2M YoY+0.7%	72.7M YoY+0.4%	72.4M YoY+0.5%
Common shares outstanding	68.3M YoY+0.0%	68.3M YoY+0.0%	68.3M YoY+0.0%	68.3M YoY+0.0%	68.3M YoY+0.0%
Shares outstanding (cover)	58.7M YoY-1.4%	59.5M YoY-3.1%	61.4M YoY-3.0%	63.4M YoY+0.4%	63.1M YoY+0.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	438M YoY-40.9%	741M YoY+42.1%	522M YoY+791.5%	58.5M YoY-85.8%	411M YoY-15.5%
Depreciation & amortization	195M YoY+13.4%	172M YoY+3.1%	167M YoY+6.7%	156M YoY+69.6%	92.0M YoY+33.8%
Share-based compensation	49.9M YoY+1.4%	49.2M YoY+38.8%	35.5M YoY+20.4%	29.5M YoY+23.1%	24.0M YoY+14.7%
Deferred income taxes	15.1M YoY+124.9%	-60.6M YoY-75.8%	-34.5M YoY+63.9%	-95.5M YoY-4454.6%	-2.10M YoY-109.9%
Change in receivables	-45.6M YoY-155.1%	82.8M YoY+353.2%	18.3M YoY+379.1%	-6.55M YoY-105.0%	132M YoY+135.6%
Change in inventory	163M YoY+232.7%	-123M YoY+53.2%	-263M YoY-182.3%	319M YoY-32.2%	471M YoY+504.0%
Change in payables	-40.7M YoY-132.9%	124M YoY+202.2%	-121M YoY+45.8%	-223M YoY-175.0%	297M YoY+350.2%
	-173M YoY+17.2%	-209M YoY-17.2%	-178M YoY-32.7%	-134M YoY+83.6%	-817M YoY-558.6%
Capital expenditure	170M YoY+24.2%	137M YoY+5.9%	129M YoY+49.7%	86.2M YoY-21.6%	110M YoY+77.0%
Acquisitions	762K YoY-97.8%	34.7M YoY+117.5%	16.0M YoY-36.3%	25.1M YoY-96.5%	713M YoY+1001.1%
Proceeds from sale of PP&E	3.08M YoY+1358.8%	211K YoY-92.7%	2.90M YoY+39.4%	2.08M YoY+701.9%	259K YoY+44.7%
Other investing activities	2.33M	0.00	0.00	—	—
	-213M YoY+52.6%	-449M YoY-62.0%	-277M YoY-532.7%	64.0M YoY+162.2%	-103M YoY-238.4%
Long-term debt issued	133M YoY-75.5%	541M YoY+55.2%	349M YoY-66.0%	1.03B YoY+583.8%	150M YoY+54083.4%
Common stock repurchased	148M YoY-3.2%	153M YoY-39.3%	252M YoY-27.3%	346M YoY+174.5%	126M
Dividends paid	293K YoY+7.3%	273K	0.00 YoY-100.0%	309K	0.00
FX effect on cash	—	—	—	—	1.31M YoY+458.3%
Net change in cash	60.1M YoY-25.1%	80.3M YoY+17.6%	68.3M YoY+567.1%	-14.6M YoY+97.1%	-508M YoY-252.8%
Interest paid	75.9M YoY-15.1%	89.4M YoY+6.4%	84.0M YoY+71.8%	48.9M YoY+75.7%	27.8M YoY-3.2%
Income taxes paid	89.4M YoY-39.9%	149M YoY+48.7%	100M YoY-33.7%	151M YoY-3.7%	157M YoY+153.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	8.00B YoY-13.2%	9.23B YoY+16.2%	7.94B YoY+24.5%	6.38B YoY-71.3%	22.2B YoY+55.4%
P/E	49.6× YoY+70.3%	29.1× YoY-31.6%	42.6× YoY+212.2%	13.6× YoY-66.2%	40.3× YoY-1.1%
P/S	1.9× YoY-11.5%	2.1× YoY+7.0%	2.0× YoY+43.1%	1.4× YoY-76.4%	5.9× YoY+3.3%
P/B	3.0× YoY-17.8%	3.7× YoY+8.7%	3.4× YoY+22.8%	2.8× YoY-72.4%	10.0× YoY-2.4%
P/FCF	29.8× YoY+95.6%	15.3× YoY-60.8%	39.0×	—	73.7× YoY+118.9%
Earnings yield	2.0% YoY-41.3%	3.4% YoY+46.2%	2.3% YoY-68.0%	7.3% YoY+195.9%	2.5% YoY+1.1%
FCF yield	3.4% YoY-48.9%	6.6% YoY+155.3%	2.6%	—	1.4% YoY-54.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GNRC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GNRC filings on SEC EDGAR → Not investment advice.

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