Credit and interest ratesnegative · 4 filings
“The year-over-year decrease in interest expense in the current period was primarily driven by lower borrowings and lower interest rates compared to the prior year period.”10-Q · May 5, 2026 ↗
Generac Holdings Inc.
GNRC
Market read
Generac Holdings Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
What changed
- Revenue increased 12.4% versus the comparable filing period.
- Gross margin fell 0.8 percentage points.
Company+2.8% todayVolume comparison unavailable
Market group0 of 18 activeElectronics Supply Chain · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- GNRC's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if GNRC's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 12.4% versus the comparable filing period.
- Operating margin improved 2.2 percentage points.
- Net income increased 67.1% versus the comparable filing period.
Evidence that challenges
- Gross margin fell 0.8 percentage points.
What would clarify the read
- GNRC's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements121
Verified relationships6
Evidence supporting the case
- Operating cash flow covered net income at 2.75x in the latest annual period.
- Data center and AI demand has repeated favorable evidence across 4 filings.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Latest annual revenue changed -2.0% year over year.
- Operating margin changed -5.6 percentage points in the latest annual period.
- Net margin changed -3.6 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Foreign exchange has repeated adverse evidence across 4 filings.
- Input and raw-material costs has repeated adverse evidence across 3 filings.
Questions before a position
- P/E is 149% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 41% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
186.866m-8.4%12m+1.0%24m+33.8%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.7B+50.4%$8.30+0.8%
2022-12-31$4.6B+22.1%$5.42+0.7%
2023-12-31$4.0B-11.9%$3.27-4.1%
2024-12-31$4.3B+6.8%$5.39-2.8%
2025-12-31$4.2B-2.0%$2.69-1.8%
What management says matters
Persistent and emerging business drivers
Data center and AI demandpositive · 4 filings
“The core total sales growth for the segment was primarily driven by revenue from products sold to global data center customers, increased shipments to our domestic industrial distributor and rental channels, and higher sales of our controls solutions to the g…”10-Q · May 5, 2026 ↗
Demand and volumepositive · 4 filings
“Home standby generator sales were approximately flat as higher pricing in the current year was offset by lower volumes due to a strong prior year period that included the benefit from a substantial 2024 hurricane season.”10-Q · May 5, 2026 ↗
Foreign exchangemixed · 4 filings
“Dollars in thousands) 2026 2025 $ Change % Change Net cash provided by operating activities $ 119,285 $ 58,152 $ 61,133 105.1 % Net cash used in investing activities (153,750 ) (33,539 ) (120,211 ) -358.4 % Net cash used in financing activities (41,382 ) (119…”10-Q · May 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.6× · EV/sales 2.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
186.86+2.8% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for GNRC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-05 against the comparable filing from 2025-05-06.
OperationsconstructiveEvidence score +3
liquidityconstructiveEvidence score +1
valuationmixed
What improved
- Revenue increased 12.4% versus the comparable filing period.
- Operating margin improved 2.2 percentage points.
- Net income increased 67.1% versus the comparable filing period.
What weakened
- Gross margin fell 0.8 percentage points.
Filing receipts
“This margin increase was primarily driven by operational efficiencies resulting in lower operating expenses and favorable price realization that more than offset higher input costs.”
“This margin increase was primarily driven by improved price/cost realization, the accretive impact of the Allmand acquisition, and operating leverage on higher shipment volumes.”
“The core total sales growth for the segment was primarily driven by revenue from products sold to global data center customers, increased shipments to our domestic industrial distributor and rental channels, and higher sales of our controls solutions to the global power generation market.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind GNRC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WBXFiling-linked nameinvesteeMay 5, 2026 ▾
“The reduction in other expense, net was driven primarily by a decrease in the loss on the change in fair value of our investment in warrants and equity securities of Wallbox N.V.”
Depended on by
SUNESUNation Energy Inc.partnerMar 23, 2026 ▾
“In 2026, we will be expanding this product offering to include the Generac full home ecosystem, which includes their new power electronics, whole home batteries, standby generators, and smart thermostat that control the entire system.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
GNRC is currently a Follower in the organic co-movement group Electronics Supply Chain. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.