GNRCGenerac
Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. 10-K, Item 1
- Headquarters
- Waukesha, WI
- CEO
- Aaron Jagdfeld
- Next results
- around Feb 10, 2027
The biggest changes in the 10-K filed 2026-02-18, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
12.5% → 6.9% (-5.6 pts) Big change FY to 2025-12-31 vs 2024-12-31“The increase in operating expenses was driven by higher employee & marketing costs along with higher warranty provision related to the Department of Energy program in Puerto Rico, partially offset by lower incentive-based compensation. 2025 operating expenses also include $142.3 million of legal provisions, settlements, patent related costs, and other costs related to certain legal matters.”
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Net income
-49.6% Big change FY to 2025-12-31 vs 2024-12-31“The lower 2025 effective tax rate was driven primarily by the impact of certain favorable discrete tax items and their impact on a lower pre-tax income in the current year.”
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“Adjusted Net Income was $376.0 million for the year ended December 31, 2025 compared to $438.5 million for the year ended December 31, 2024, with the decrease primarily due to lower net income in the current year as outlined above, together with the impact of various add-backs in the current and prior years.”
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Cash from operations
-40.9% Big change FY to 2025-12-31 vs 2024-12-31“The decrease in net cash provided by operating activities was primarily driven by a significant reduction in net working capital in the prior year which did not repeat and lower operating earnings as compared to the prior year.”
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Gross margin
38.8% → 38.3% (-0.5 pts) FY to 2025-12-31 vs 2024-12-31“The decrease in gross profit margin was primarily driven by higher inputs costs, unfavorable sales mix, and a certain inventory provision as disclosed in the reconciliation table below.”
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Revenue
-2.0% FY to 2025-12-31 vs 2024-12-31“The decrease in domestic segment sales for the year ended December 31, 2025, was primarily driven by a decrease in residential product sales, most notably in home standby and portable generators as a result of the significantly lower power outage environment together with a strong prior year comparison which included multiple major landed hurricanes.”
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“The increase in international segment sales for the year ended December 31, 2025, was primarily driven by revenue to data center customers, an increase in global sales of controls solutions, and the favorable impact of foreign exchange rates.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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