Jefferies upgraded Generac (GNRC) to Buy from Hold and raised its price target to $302 from $239, citing multiple potential data center contract conversion opportunities.
Generac Holdings Inc. designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components. It also provides residential automatic standby generators ranging in output from 7.5kW to 150kW; air-cooled engine residential standby generators ranging from 7.5kW to 26kW; liquid-cooled engine generators with outputs ranging from 22kW to 150kW; and Mobile Link, a remote monitoring system for home standby generators. In addition, the company offers various portable generators ranging in size from 800W to 17.5kW; outdoor power equipment, such as trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, pressure washers, and water pumps; and clean energy solution under the PWRcell and PWRview brands. Further, it provides light towers, mobile generators, and mobile energy storage systems; commercial mobile pumps and dust-suppression equipment; various gaseous-engine control systems and accessories; light-commercial standby generators ranging from 22kW to 150kW and related transfer switches providing three-phase power for small and mid-sized businesses; and industrial generators ranging in output from 10kW to 3,250kW used as emergency backup for healthcare, telecom, datacom, commercial office, retail, municipal, and manufacturing markets. Additionally, the company sells aftermarket service parts and product accessories to dealers. It distributes its products through independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce partners, electrical, HVAC and solar wholesalers, catalogs, equipment rental companies and distributors, and solar installers; and directly to end users. The company was founded in 1959 and is headquartered in Waukesha, Wisconsin.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.30B | $4.02B | $4.56B | $3.74B | $2.49B | $2.20B | $2.02B | $1.67B |
| Cost of Revenue | $2.63B | $2.66B | $3.04B | $2.38B | $1.53B | $1.41B | $1.30B | $1.09B |
| Gross Profit | $1.67B | $1.37B | $1.52B | $1.36B | $957.65M | $797.75M | $725.04M | $582.12M |
| Gross Margin | 38.77% | 33.94% | 33.34% | 36.39% | 38.53% | 36.19% | 35.83% | 34.81% |
| Operating Expenses | $1.13B | $979.23M | $955.67M | $638.95M | $478.55M | $425.59M | $367.86M | $331.05M |
| Operating Income | $536.74M | $386.20M | $566.33M | $721.14M | $479.11M | $372.16M | $357.18M | $251.06M |
| Operating Margin | 12.49% | 9.60% | 12.41% | 19.30% | 19.28% | 16.88% | 17.65% | 15.01% |
| Net Income | $325.26M | $203.09M | $350.27M | $533.39M | $349.33M | $253.26M | $238.26M | $159.39M |
| Net Margin | 7.57% | 5.05% | 7.67% | 14.27% | 14.06% | 11.49% | 11.77% | 9.53% |
| EPS (Basic) | $5.46 | $3.31 | $5.55 | $8.51 | $5.61 | $4.09 | $3.86 | $2.58 |
| EBITDA | $670.92M | $554.53M | $719.43M | $816.52M | $547.96M | $422.06M | $399.44M | $298.35M |
| Stock Option Compensation Expense | $51.24M | $37.34M | $31.37M | $23.95M | $20.88M | $16.69M | $14.56M | $10.21M |
| Price To Earnings Ratio | 28.39 | 38.99 | 18.14 | 41.36 | 40.54 | 24.60 | 12.86 | 19.28 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $9.23B | $7.92B | $6.35B | $22.06B | $14.16B | $6.23B | $3.06B | $3.07B |