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How Generac Holdings (GNRC) makes money

Generac Holdings (GNRC) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Of every dollar of revenue, 40¢ was left as gross profit, 12¢ was left as operating profit, 8¢ was left as net earnings.

Drawing the Sankey…

Generac Holdings: revenue by line, Q1 2025 to Q4 2025Generac Holdings: revenue by line, Q1 2025 to Q4 2025Residential Power Pro…Commercial and Indust…Other Products and Se…Residential Power Products: $572M latest$572MCommercial and Industrial Power Products: $400M latest$400MOther Products and Services: $120M latest$120MQ1 2025Q2 2025Q3 2025Q4 2025
The mix barely moved between Q1 2025 and Q4 2025.
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: where each dollar of revenue goesGenerac Holdings: where each dollar of revenue goesCost of revenue60¢Gross profit40¢Operating expenses27¢Operating profit12¢Income tax3¢Net earnings8¢Operating cash flow13¢Free cash flow10¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.3B100.0%
Cost of revenue$779M60.1%
Gross profit$516M39.9%
Operating expenses$355M27.5%
Operating profit$161M12.4%
Income tax$34.2M2.6%
Net earnings$109M8.4%
Operating cash flow$171M13.2%
Free cash flow$132M10.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.3B+16%
Q2 2026$1.2B+11%
Q1 2026$1.1B+12%
Q4 2025$1.1B-12%
Q3 2025$1.1B-5%
Q2 2025$1.1B+6%
Q1 2025$942M+6%

From Generac Holdings' 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does Generac Holdings make money?

Generac Holdings (GNRC) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Of every dollar of revenue, 40¢ was left as gross profit, 12¢ was left as operating profit, 8¢ was left as net earnings.

What is Generac Holdings' profit margin?

Net earnings were $109M, 8.4% of revenue, in the third quarter 2026; the operating margin was 12.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.