Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2022.

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Generac Holdings Inc., profitability ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 36.39% 38.53% 36.19% 35.83% 34.81%
Operating profit margin 19.30% 19.28% 16.88% 17.65% 15.01%
Net profit margin 14.73% 14.11% 11.43% 11.77% 9.53%
Return on Investment
Return on equity (ROE) 24.87% 25.22% 24.41% 31.33% 28.48%
Return on assets (ROA) 11.29% 10.84% 9.45% 9.82% 7.89%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Generac Holdings Inc. gross profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Generac Holdings Inc. operating profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Generac Holdings Inc. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Generac Holdings Inc. ROE improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.
ROA A profitability ratio calculated as net income divided by total assets. Generac Holdings Inc. ROA improved from 2019 to 2020 and from 2020 to 2021.

Gross Profit Margin

Generac Holdings Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Gross profit 1,360,082 957,654 797,752 725,040 582,117
Net sales 3,737,184 2,485,200 2,204,336 2,023,464 1,672,445
Profitability Ratio
Gross profit margin1 36.39% 38.53% 36.19% 35.83% 34.81%
Benchmarks
Gross Profit Margin, Competitors2
Boeing Co. 4.84% -9.78% 5.83%
Caterpillar Inc. 26.30% 25.47% 27.83%
Eaton Corp. plc 32.28% 30.52% 32.97%
GE Aerospace 24.19% 17.26% 23.52%
Honeywell International Inc. 35.85% 32.07% 33.70%
Lockheed Martin Corp. 13.52% 13.23% 13.99%
RTX Corp. 19.40% 15.08% 25.93%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Net sales
= 100 × 1,360,082 ÷ 3,737,184 = 36.39%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Generac Holdings Inc. gross profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Operating Profit Margin

Generac Holdings Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Income from operations 721,136 479,106 372,163 357,181 251,064
Net sales 3,737,184 2,485,200 2,204,336 2,023,464 1,672,445
Profitability Ratio
Operating profit margin1 19.30% 19.28% 16.88% 17.65% 15.01%
Benchmarks
Operating Profit Margin, Competitors2
Boeing Co. -4.66% -21.95% -2.58%
Caterpillar Inc. 14.27% 11.67% 16.33%
Eaton Corp. plc 15.69% 11.45% 13.38%
GE Aerospace 8.58% 5.49% 12.84%
Honeywell International Inc. 18.03% 17.45% 18.66%
Lockheed Martin Corp. 13.61% 13.22% 14.29%
RTX Corp. 7.70% -3.34% 11.64%
Operating Profit Margin, Sector
Capital Goods 9.11% 3.00% 10.93%
Operating Profit Margin, Industry
Industrials 9.80% 4.43% 9.67%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Operating profit margin = 100 × Income from operations ÷ Net sales
= 100 × 721,136 ÷ 3,737,184 = 19.30%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Generac Holdings Inc. operating profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Net Profit Margin

Generac Holdings Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net income attributable to Generac Holdings Inc. 550,494 350,576 252,007 238,257 159,386
Net sales 3,737,184 2,485,200 2,204,336 2,023,464 1,672,445
Profitability Ratio
Net profit margin1 14.73% 14.11% 11.43% 11.77% 9.53%
Benchmarks
Net Profit Margin, Competitors2
Boeing Co. -6.75% -20.42% -0.83%
Caterpillar Inc. 13.47% 7.68% 12.00%
Eaton Corp. plc 10.92% 7.90% 10.34%
GE Aerospace -9.17% 7.81% -5.69%
Honeywell International Inc. 16.11% 14.64% 16.73%
Lockheed Martin Corp. 9.42% 10.45% 10.42%
RTX Corp. 6.00% -6.22% 7.19%
Net Profit Margin, Sector
Capital Goods 3.71% 1.85% 5.03%
Net Profit Margin, Industry
Industrials 6.43% 1.43% 3.90%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income attributable to Generac Holdings Inc. ÷ Net sales
= 100 × 550,494 ÷ 3,737,184 = 14.73%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Generac Holdings Inc. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Return on Equity (ROE)

Generac Holdings Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net income attributable to Generac Holdings Inc. 550,494 350,576 252,007 238,257 159,386
Stockholders’ equity attributable to Generac Holdings Inc. 2,213,774 1,390,293 1,032,382 760,549 559,552
Profitability Ratio
ROE1 24.87% 25.22% 24.41% 31.33% 28.48%
Benchmarks
ROE, Competitors2
Boeing Co.
Caterpillar Inc. 39.37% 19.56% 41.77%
Eaton Corp. plc 13.06% 9.44% 13.75%
GE Aerospace -16.17% 16.04% -17.58%
Honeywell International Inc. 29.85% 27.23% 33.22%
Lockheed Martin Corp. 57.62% 113.60% 199.23%
RTX Corp. 5.29% -4.88% 13.25%
ROE, Sector
Capital Goods 8.48% 4.42% 18.11%
ROE, Industry
Industrials 16.58% 3.94% 13.76%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income attributable to Generac Holdings Inc. ÷ Stockholders’ equity attributable to Generac Holdings Inc.
= 100 × 550,494 ÷ 2,213,774 = 24.87%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Generac Holdings Inc. ROE improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Return on Assets (ROA)

Generac Holdings Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net income attributable to Generac Holdings Inc. 550,494 350,576 252,007 238,257 159,386
Total assets 4,877,780 3,235,423 2,665,669 2,426,314 2,019,964
Profitability Ratio
ROA1 11.29% 10.84% 9.45% 9.82% 7.89%
Benchmarks
ROA, Competitors2
Boeing Co. -3.03% -7.80% -0.48%
Caterpillar Inc. 7.84% 3.83% 7.77%
Eaton Corp. plc 6.30% 4.43% 6.74%
GE Aerospace -3.28% 2.25% -1.87%
Honeywell International Inc. 8.60% 7.40% 10.47%
Lockheed Martin Corp. 12.41% 13.47% 13.11%
RTX Corp. 2.39% -2.17% 3.96%
ROA, Sector
Capital Goods 1.86% 0.80% 2.72%
ROA, Industry
Industrials 3.83% 0.74% 2.39%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income attributable to Generac Holdings Inc. ÷ Total assets
= 100 × 550,494 ÷ 4,877,780 = 11.29%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Generac Holdings Inc. ROA improved from 2019 to 2020 and from 2020 to 2021.