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Generac Holdings vs Franklin Electric: GNRC and FELE compared
Generac Holdings is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $634M for Franklin Electric (Q3 2026). Generac Holdings is growing faster (+16% against +9% a year earlier). Franklin Electric is more profitable, with an operating margin of 13.7% against 12.4%.
Where the money goes: GNRC and FELE
Generac Holdings (GNRC) · Q3 2026
Generac Holdings, Q3 2026: revenue $1.3B (+16% year over year), operating margin 12.4%, net earnings $109M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.
Franklin Electric (FELE) · Q3 2026
Franklin Electric, Q3 2026: revenue $634M (+9% year over year), operating margin 13.7%, net earnings $61.0M, operating cash flow $80.5M. The chart follows the revenue to costs, profit and cash.
| Generac Holdings (GNRC) | Franklin Electric (FELE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.3B | $634M |
| Revenue growth, Y/Y | +16% | +9% |
| Gross margin | 39.9% | 35.4% |
| Operating margin | 12.4% | 13.7% |
| Net earnings | $109M | $61.0M |
| Net margin | 8.4% | 9.6% |
| Operating cash flow | $171M | $80.5M |
| Free cash flow | $132M | $66.5M |
| Market value | $10.5B | $4.2B |
| P/E | 34.9× | 21.2× |
| Analysts’ mean target | $289.22 | $127.50 |
Where the revenue comes from
Franklin Electric
- Water Systems: $316M (50%)
- Distribution: $226M (36%)
- Energy Systems: $91.7M (14%)
Questions
Which is bigger, Generac Holdings or Franklin Electric?
Generac Holdings is the larger company: $1.3B of revenue in its latest quarter (Q3 2026) against $634M for Franklin Electric (Q3 2026).
Is Generac Holdings or Franklin Electric growing faster?
Generac Holdings is growing faster (+16% against +9% a year earlier).
Which is more profitable, Generac Holdings or Franklin Electric?
Franklin Electric is more profitable, with an operating margin of 13.7% against 12.4%.
More: Generac Holdings earnings · how Generac Holdings makes money · Franklin Electric earnings · how Franklin Electric makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.