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Generac Holdings (GNRC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Generac Holdings (GNRC) Q3 2026 earnings results →

Q3 2026 Revenue up 16% year over year to $1.3B · 8¢ of every $1 of revenue kept as net profit · operating margin 12.4%

Generac Holdings made $1.3B in Q3 2026 (+16% Y/Y). Operating margin 12.4%, net earnings $109M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$1.3B
Year over year+16%
Operating margin12.4%
Net earnings$109M
Operating cash flow$171M

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Generac Holdings Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Generac Holdings Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.3B in Q3 2026, up 16% year over year and up 10% from the previous quarter.

Gross margin was 39.9%, up 1.5 points from Q3 2025. Operating profit was $0.16B, a 12.4% margin (up 3.2 points year over year). Of the extra revenue versus Q3 2025, 32% reached operating profit, above the 9% margin then. Operating expenses grew 10% against revenue growth of 16%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $0.11B, up 65% year over year. The effective tax rate was 23.9%.

Operating cash flow was $0.17B (up 44% year over year), 157% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. After expenditures for property and equipment ($0.04B), free cash flow as the company reports it was $0.13B.

Quarterly history

Generac Holdings revenue by quarterGenerac Holdings revenue by quarter$942MQ1 2025$1.1BQ2 2025$1.1BQ3 2025$1.1BQ4 2025$1.1BQ1 2026$1.2BQ2 2026$1.3BQ3 2026
Generac Holdings net earnings by quarterGenerac Holdings net earnings by quarter$44.3MQ1 2025$74.4MQ2 2025$66.6MQ3 2025−$23.9MQ4 2025$73.1MQ1 2026$143MQ2 2026$109MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$1.3B+16%12.4%$109M$171M
Q2 202610-QAug 4, 2026$1.2B+11%17.9%$143M$121M
Q1 202610-QMay 5, 2026$1.1B+12%11.1%$73.1M$119M
Q4 202510-KFeb 18, 2026$1.1B-12%-0.9%−$23.9M$189M
Q3 202510-QNov 4, 2025$1.1B-5%9.3%$66.6M$118M
Q2 202510-QAug 5, 2025$1.1B+6%10.5%$74.4M$72.2M
Q1 202510-QMay 6, 2025$942M+6%8.9%$44.3M$58.2M

Charts

Generac Holdings: revenue growth, year over year and quarter over quarterGenerac Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+6%Q1 2025+6%+13%Q2 2025-5%+5%Q3 2025-12%-2%Q4 2025+12%-3%Q1 2026+11%+11%Q2 2026+16%+10%Q3 2026
Latest (Q3 2026): Y/Y +16%, Q/Q +10%.
Generac Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Generac Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$601MAcquisitions−$212MCapital spending−$186MNet borrowing (+) / repaid (−)−$103MCash drawn (+) / kept (−)−$93.7MTaxes on employees’ shares−$40.8MOther investing$25.5MShares issued$11.2MOther financing−$4.3MAsset & business sales$3.1MExchange rates−$34K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Generac Holdings: profit against cash, quarter by quarterGenerac Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$118M$339MQ4 2024$44.3M$58.2MQ1 2025$74.4M$72.2MQ2 2025$66.6M$118MQ3 2025−$23.9M$189MQ4 2025$73.1M$119MQ1 2026$143M$121MQ2 2026$109M$171MQ3 2026
Latest (Q3 2026): Net income $109M, Operating cash flow $171M.
Generac Holdings: diluted shares by fiscal yearGenerac Holdings: diluted shares by fiscal year64MFY202064MFY202165MFY202262MFY202360MFY202459MFY2025
-7.0% since FY2020: buybacks shrank the count.
Generac Holdings: long-term debt falling due (FY2025)Generac Holdings: long-term debt falling due (FY2025)$9.4M2026$26.9M2027$40.0M2028$48.8M2029$600M2030
Cash $341M, short-term investments —, long-term debt — at 2025-12-31.
Generac Holdings in its industry: growth against margin (5 companies, SIC 3621)Generac Holdings in its industry: growth against margin (5 companies, SIC 3621)revenue growth, year over year →↑ operating marginmedian +43%median 12%INIOFELEAMSCSCWOGNRC (+16%, 12%)
Motors & Generators; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Generac Holdings

Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. Generac provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products and services serving the residential, commercial, data center, telecom, rental, and industrial markets. The Company’s broad portfolio of energy technology offerings for homes and businesses enables its mission to Power a Smarter World and lead the evolution to more resilient, efficient, and innovative energy solutions.

In its own words, from its 10-K, filed Feb 18, 2026.

Generac Holdings against its Motors & Generators peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +43%. Operating margin: 12.4% against the peers' median 12.4%.

CompanyQuarterRevenueY/YOp. margin
GNRC Generac HoldingsQ3 2026$1.3B+16%12.4%
INIO Innio N.V.Q3 2026$1.2B+57%16.6%
FELE Franklin ElectricQ3 2026$634M+9%13.7%
AMSC American SuperconductorQ2 FY27$94.0M+43%5.7%
SCWO 374WaterQ2 2026$2.3M+280%-71.7%

Source: Generac Holdings 10-Q on SEC EDGAR · CIK 1474735 · Motors & Generators

Guidance and outlook

Generac Holdings: what its forward-looking statements are about (10-Q filed 2026-11-03)Generac Holdings: what its forward-looking statements are about (10-Q filed 2026-11-03)Other9Demand5Supply chain2Margins2Legal & regulation1Financing1Costs1The economy1Buybacks & dividends1
23 statements; tone +0.35 (−1 all cautious, +1 all confident); 1 hedged.
Generac Holdings: outlook statements against the filing beforeGenerac Holdings: outlook statements against the filing beforeConfident10Cautious2

13F: who owns GNRC and who is buying

Largest holders of GNRC (13F)Largest holders of GNRC (13F)BlackRock$1.2BVanguard Capital Management LLC$1.1BVanguard Group$898MVanguard Portfolio Management LLC$710MState Street$654MInvesco$499MGeode Capital Management, LLC$454MBoston Partners$385MAriel Investments, LLC$292MD. E. Shaw$280M
Funds' net buying of GNRC by quarter (13F)Funds' net buying of GNRC by quarter (13F)−$229M2024-09−$21.1M2024-12−$403M2025-03$518M2025-06−$334M2025-09$232M2025-12−$255M2026-03−$585M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GNRC

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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