GNRC
Generac Holdings Inc.

Generac Holdings Inc.GNRC

Industrials · Specialty Industrial Machinery
176.78USD
+2.58%
Nov 08, 2026
GNRC overview ready
Supplier of Onsite Power Generation and Energy Systems for Critical Facilities
Direct beneficiary and power-infrastructure systems provider.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Decline in construction and infrastructure spending impacting demand.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 21

Conviction Level

PriceAction3.4BusinessPerformance7.0BusinessQuality7.8Valuation5.4ThemeMomentum1.0Improving — Revenue growth has accelerated, rising from +11% to +16% year over year. Diluted EPS is up 63% year over year ($1.83), but growth has slowed from +92%. That earnings comparison is against a weak year-ago quarter. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$10.4B
Avg Volume (60D)
1.4M
60 sessions
Revenue Growth YoY
-2.0%
FY2025 vs FY2024
Gross Margin
+39.9%
Trailing twelve months
Operating Margin
+10.4%
Trailing twelve months
Free Cash Flow Yield
+4.0%
Distance from 200DMA
-19.3%
P/E
34.6x
EV / EBITDA
16.0x
EV / Sales
2.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue growth has accelerated, rising from +11% to +16% year over year. Diluted EPS is up 63% year over year ($1.83), but growth has slowed from +92%. That earnings comparison is against a weak year-ago quarter.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+16%
$1.29B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. -12%
  2. +12%
  3. +11%
  4. +16%
Earnings growthSlowing
+63%
Diluted EPS $1.83 vs $1.12 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +70%
  3. +92%
  4. +63%
Operating marginExpanding
12.4%
+3.1 pp YoY · gross margin 39.9% (+1.6 pp)
The comparison is against a weak year-ago quarter

Business Quality

7.8 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is fair.
Generac Holdings Inc. has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.

Company Research

Thesis
Direct beneficiary and power-infrastructure systems provider. Generac supplies generation, storage, transfer, controls and monitoring equipment used to provide backup and, in selected configurations, integrated onsite energy solutions for data centers, commercial and industrial facilities, and residential customers.
Opportunity
Moderate opportunity
Large-load owners and critical-facility operators are procuring onsite generation, storage, power conversion, controls and microgrid systems to secure dependable capacity and accelerate energization when grid interconnection is constrained.
Key risk
Decline in construction and infrastructure spending impacting demand.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Specialty Industrial Machinery
What they do

Generac Holdings Inc. designs, manufactures, and distributes energy technology products and solutions globally, focusing on onsite power generation and smart energy management systems.

How it earns

Generac generates revenue primarily through transactional sales of energy products and related monitoring solutions.

Products & services
Residential automatic standby generators
Automatic transfer switches
Air-cooled and liquid-cooled engine generators
Mobile Link remote monitoring system
Propane tank monitoring solutions
Smart home energy management devices and sensors
Smart thermostats and home monitoring products
Customers & end markets
Residential customers
Commercial and industrial facilities
Data centers
Critical-facility operators
Market position

Leader in the specialty industrial machinery sector for onsite power generation and energy management solutions.

Demand drivers
Medium cyclicality

Demand is influenced by economic cycles affecting construction and infrastructure investment, but also driven by structural needs for backup power.

Related companies

Finding other covered companies in the same part of this story…