Generac Holdings Inc.

GNRC

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

4,296

Cost of Revenue

2,630

Gross Profit

1,666

Gross Margin

38.8%

Operating Income

537

Operating Margin

12.5%

Net Income

325

Net Margin

7.6%

EPS (Basic)

$5.46

EPS (Diluted)

$5.39

EBITDA

671

EBITDA Margin

15.6%

2023

12/31/2023

Revenue

4,023

Cost of Revenue

2,657

Gross Profit

1,365

Gross Margin

33.9%

Operating Income

386

Operating Margin

9.6%

Net Income

203

Net Margin

5.0%

EPS (Basic)

$3.31

EPS (Diluted)

$3.27

EBITDA

555

EBITDA Margin

13.8%

2022

12/31/2022

Revenue

4,565

Cost of Revenue

3,043

Gross Profit

1,522

Gross Margin

33.3%

Operating Income

566

Operating Margin

12.4%

Net Income

350

Net Margin

7.7%

EPS (Basic)

$5.55

EPS (Diluted)

$5.42

EBITDA

719

EBITDA Margin

15.8%

2021

12/31/2021

Revenue

3,737

Cost of Revenue

2,377

Gross Profit

1,360

Gross Margin

36.4%

Operating Income

721

Operating Margin

19.3%

Net Income

533

Net Margin

14.3%

EPS (Basic)

$8.51

EPS (Diluted)

$8.30

EBITDA

817

EBITDA Margin

21.8%

2020

12/31/2020

Revenue

2,485

Cost of Revenue

1,528

Gross Profit

958

Gross Margin

38.5%

Operating Income

479

Operating Margin

19.3%

Net Income

349

Net Margin

14.1%

EPS (Basic)

$5.61

EPS (Diluted)

$5.48

EBITDA

548

EBITDA Margin

22.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	4,296	4,023	4,565	3,737	2,485
Cost of Revenue	2,630	2,657	3,043	2,377	1,528
Gross Profit	1,666	1,365	1,522	1,360	958
Gross Margin	38.8%	33.9%	33.3%	36.4%	38.5%
Operating Income	537	386	566	721	479
Operating Margin	12.5%	9.6%	12.4%	19.3%	19.3%
Net Income	325	203	350	533	349
Net Margin	7.6%	5.0%	7.7%	14.3%	14.1%
EPS (Basic)	$5.46	$3.31	$5.55	$8.51	$5.61
EPS (Diluted)	$5.39	$3.27	$5.42	$8.30	$5.48
EBITDA	671	555	719	817	548
EBITDA Margin	15.6%	13.8%	15.8%	21.8%	22.0%