Latest Ratios: P/E Ratio 95.8x · EV/EBITDA 33.3x · ROE 6.2%. (2007–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.1B | $8.1B | $9.4B | $8.0B | $6.5B | $22.6B | $14.5B | $6.3B | $3.1B | $3.1B | $2.7B |
| Enterprise Value | $16.1B | $9.1B | $10.6B | $9.6B | $8.0B | $23.8B | $14.9B | $7.0B | $3.8B | $3.9B | $3.6B |
| P/E Ratio → | 95.84 | 50.70 | 28.77 | 39.52 | 18.57 | 42.40 | 41.50 | 24.96 | 12.98 | 19.34 | 27.16 |
| P/S Ratio | 3.59 | 1.92 | 2.18 | 1.99 | 1.43 | 6.05 | 5.83 | 2.87 | 1.53 | 1.85 | 1.84 |
| P/B Ratio | 5.79 | 3.06 | 3.75 | 3.41 | 2.75 | 9.95 | 9.95 | 5.78 | 3.76 | 5.14 | 6.13 |
| P/FCF | 56.42 | 30.15 | 15.48 | 20.43 | — | 75.08 | 34.15 | 25.49 | 15.49 | 13.61 | 11.95 |
| P/OCF | 34.54 | 18.46 | 12.62 | 15.37 | 111.27 | 55.00 | 29.79 | 20.47 | 12.51 | 11.88 | 10.51 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.16 | 2.46 | 2.37 | 1.75 | 6.36 | 6.00 | 3.19 | 1.87 | 2.33 | 2.53 |
| EV / EBITDA | 33.30 | 18.75 | 14.89 | 17.28 | 11.04 | 29.25 | 27.20 | 16.26 | 9.37 | 12.84 | 14.09 |
| EV / EBIT | 55.74 | 31.38 | 21.14 | 24.63 | 14.16 | 32.83 | 31.10 | 19.49 | 10.77 | 15.80 | 18.41 |
| EV / FCF | — | 33.85 | 17.45 | 24.33 | — | 78.98 | 35.12 | 28.38 | 19.00 | 17.08 | 16.37 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.3% | 38.3% | 38.8% | 33.9% | 33.3% | 36.4% | 38.5% | 36.2% | 35.8% | 34.8% | 35.6% |
| Operating Margin | 6.9% | 6.9% | 12.5% | 9.6% | 12.4% | 19.3% | 19.3% | 16.9% | 17.7% | 15.0% | 14.2% |
| Net Profit Margin | 3.8% | 3.8% | 7.6% | 5.0% | 7.7% | 14.3% | 14.1% | 11.5% | 11.8% | 9.5% | 6.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 13.4% | 8.6% | 15.1% | 28.6% | 27.4% | 26.4% | 33.4% | 30.7% | 21.9% |
| ROA | 3.0% | 3.0% | 6.4% | 4.0% | 7.0% | 13.1% | 11.8% | 9.9% | 10.7% | 8.2% | 5.4% |
| ROIC | 5.9% | 5.9% | 10.6% | 7.5% | 11.7% | 20.4% | 19.5% | 16.8% | 18.4% | 13.4% | 10.9% |
| ROCE | 6.9% | 6.9% | 13.0% | 9.2% | 14.3% | 22.8% | 20.1% | 18.5% | 20.4% | 15.9% | 13.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.59 | 0.74 | 0.68 | 0.58 | 0.73 | 0.95 | 1.12 | 1.54 | 2.42 |
| Debt / EBITDA | 2.75 | 2.75 | 2.08 | 3.14 | 2.21 | 1.63 | 1.94 | 2.40 | 2.28 | 3.06 | 4.06 |
| Net Debt / Equity | — | 0.38 | 0.48 | 0.65 | 0.62 | 0.52 | 0.28 | 0.65 | 0.85 | 1.31 | 2.27 |
| Net Debt / EBITDA | 2.05 | 2.05 | 1.69 | 2.77 | 2.03 | 1.44 | 0.75 | 1.65 | 1.73 | 2.61 | 3.81 |
| Debt / FCF | — | 3.70 | 1.98 | 3.90 | — | 3.90 | 0.97 | 2.89 | 3.50 | 3.47 | 4.42 |
| Interest Coverage | 4.09 | 4.09 | 5.56 | 3.97 | 10.27 | 21.99 | 14.52 | 8.69 | 8.60 | 5.77 | 4.45 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.03 | 2.03 | 1.97 | 2.27 | 2.20 | 1.60 | 2.60 | 2.41 | 2.00 | 2.10 | 2.00 |
| Quick Ratio | 1.00 | 1.00 | 0.97 | 0.94 | 0.78 | 0.66 | 1.66 | 1.36 | 1.03 | 1.13 | 0.98 |
| Cash Ratio | 0.28 | 0.28 | 0.27 | 0.23 | 0.13 | 0.13 | 1.02 | 0.65 | 0.40 | 0.36 | 0.20 |
| Asset Turnover | — | 0.76 | 0.84 | 0.79 | 0.88 | 0.77 | 0.77 | 0.83 | 0.83 | 0.83 | 0.78 |
| Inventory Turnover | 2.08 | 2.08 | 2.55 | 2.28 | 2.17 | 2.18 | 2.53 | 2.69 | 2.38 | 2.87 | 2.66 |
| Days Sales Outstanding | — | 52.27 | 52.01 | 48.75 | 41.78 | 53.37 | 55.06 | 52.91 | 58.83 | 60.95 | 61.12 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.0% | — | 0.0% | — | — | 0.0% | 0.0% | — | 0.0% |
| Payout Ratio | 0.2% | 0.2% | 0.1% | — | 0.1% | — | — | 0.1% | 0.1% | — | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.0% | 2.0% | 3.5% | 2.5% | 5.4% | 2.4% | 2.4% | 4.0% | 7.7% | 5.2% | 3.7% |
| FCF Yield | 1.8% | 3.3% | 6.5% | 4.9% | — | 1.3% | 2.9% | 3.9% | 6.5% | 7.3% | 8.4% |
| Buyback Yield | 1.0% | 1.8% | 1.6% | 3.1% | 5.3% | 0.6% | 0.0% | 0.0% | 0.8% | 1.0% | 5.6% |
| Total Shareholder Yield | 1.0% | 1.8% | 1.6% | 3.1% | 5.3% | 0.6% | 0.0% | 0.0% | 0.8% | 1.0% | 5.6% |
| Shares Outstanding | — | $59M | $60M | $62M | $65M | $64M | $64M | $63M | $62M | $63M | $65M |
Cyclical demand and inventory
Based on current market data, Generac's forward P/E of 31.17 suggests investors are pricing in a significant recovery, despite the company's historical volatility and the inherent risks associated with its transition toward clean energy and project-based commercial industrial revenue streams in a high-interest-rate environment.
The current valuation multiples appear elevated relative to the company's recent operating margin performance, which has struggled to maintain consistency. This premium likely reflects market optimism regarding the long-term structural demand for grid-resiliency products, yet it leaves little margin for error should the residential channel inventory normalization continue to drag on earnings.
As reported in financial statements, ROIC has remained depressed, hovering near 2.4% in 2026Q1, which indicates that the company's recent capital deployment into clean energy acquisitions has yet to generate returns that exceed the cost of capital, contrasting sharply with its historical core business performance.
The persistent low return on invested capital suggests that the integration of new business lines is diluting the efficiency of the core generator manufacturing segment. Investors should monitor whether management can improve asset utilization or if the current capital-intensive strategy will continue to suppress long-term compounding potential.
According to quarterly filings, the cash conversion cycle remains extended at 163 days as of 2026Q1, primarily driven by high days inventory outstanding of 173, which highlights the operational friction inherent in managing a dealer-based distribution model during periods of softening consumer demand.
The elevated inventory levels suggest that the company's 'sell-in' revenue recognition model may be creating a structural bottleneck, forcing the firm to carry significant working capital. This inefficiency limits the company's ability to convert operating profits into free cash flow, making the balance sheet more sensitive to sudden shifts in market sentiment.
Based on reported figures, the debt-to-equity ratio has trended downward to 0.49 in 2026Q1, signaling a disciplined approach to balance sheet management that provides a necessary buffer against the cyclical revenue swings typical of the residential standby generator market and its associated weather-dependent demand.
While the reduction in leverage is a positive development, the interest coverage ratio of 7.63 remains sensitive to earnings volatility. The company's ability to maintain this debt profile will depend heavily on its success in stabilizing margins within the C&I segment to offset the inherent lumpiness of residential sales.
The price-to-earnings ratio is frequently misapplied to this business model, as it obscures the impact of non-recurring acquisition costs and the lumpy nature of weather-driven revenue, which can lead to distorted perceptions of the company's true underlying earning power and long-term operational sustainability.
Investors should prioritize free cash flow yield and normalized operating margins over P/E, as the latter is heavily influenced by accounting adjustments related to the clean energy pivot. Relying on P/E ignores the reality that the company's cash generation is often decoupled from reported net income due to significant working capital fluctuations.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying GNRC stock.
Generac Holdings Inc.'s current P/E ratio is 95.8x. The historical average is 26.7x. This places it at the 100th percentile of its historical range.
Generac Holdings Inc.'s current EV/EBITDA is 33.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.9x.
Generac Holdings Inc.'s return on equity (ROE) is 6.2%. The historical average is 24.9%.
Based on historical data, Generac Holdings Inc. is trading at a P/E of 95.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Generac Holdings Inc.'s current dividend yield is 0.00% with a payout ratio of 0.2%.
Generac Holdings Inc. has 38.3% gross margin and 6.9% operating margin.
Generac Holdings Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.