Filing Flows › Generac Holdings (GNRC) › Q1 2025
Generac Holdings (GNRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Generac Holdings (GNRC) reported revenue of $942M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -24% from the quarter before. Operating margin was 8.9%, net earnings $44.3M (4.7% of revenue).
Generac Holdings, Q1 2025: revenue $942M (+6% year over year), operating margin 8.9%, net earnings $44.3M, operating cash flow $58.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $942M | -24% | +6% |
| Gross profit | $372M | -26% | +18% |
| Operating profit | $83.6M | -58% | +25% |
| Net earnings | $44.3M | -62% | +67% |
| Operating cash flow | $58.2M | -83% | -48% |
| Free cash flow | $27.2M | — | -68% |
What changed
Revenue was $942.1M in Q1 2025, up 6% year over year and down 24% from the previous quarter. Residential Power Products was the largest line at 52% of revenue. Residential Power Products added $65.2M year over year (up 15%), 123% of the total change. Commercial and Industrial Power Products declined 5%.
Gross margin was 39.5%, up 3.9 points from a year earlier. Operating profit was $83.6M, a 8.9% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 8% margin then. Operating expenses grew 16% against revenue growth of 6%. The fastest-growing cost line was Research & development (+26%). Net earnings were $43.8M, up 67% year over year. The effective tax rate was 24.3%.
Operating cash flow was $58.2M (down 48% year over year), 131% of net earnings. Non-cash charges added back $46.1M of depreciation and amortization and $11.6M of share-based compensation. Working capital and other items used $43.9M. After expenditures for property and equipment ($30.9M), free cash flow as the company reports it was $27.2M.
Questions
What was Generac Holdings' revenue in the first quarter 2025?
Generac Holdings (GNRC) reported revenue of $942M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -24% from the quarter before.
Was Generac Holdings profitable in the first quarter 2025?
Operating profit was $83.6M (8.9% of revenue) and net earnings $44.3M.
Source: Generac Holdings 10-Q on SEC EDGAR.