Generac Holdings Inc. (GNRC)财务
NYSE · Industrials · Industrial - Machinery · 员工9,400人 · CEO Aaron Jagdfeld
- 股价
- $197.93 -2.67%
- 市值
- $117亿
- 企业价值
- $126亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-10 EPS预期 $2.59
营收(TTM)$46.2亿+6.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)10.4%-1.0 百分点 对比去年同期营业利润 $4.79亿
净利润(TTM)$3.01亿-3.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$4.14亿-2.3% 对比去年同期资本支出 $1.86亿
稀释EPS(TTM)$5.05-3.8% 对比去年同期最近4个季度之和
净现金-$9.4亿+16.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $117亿 EV $126亿
- 营收
- $46.2亿 过去12个月
- 营收增速
- +17% FY2026年一致预期
- 净利润率
- 6.5% 净利润 / 营收,TTM
- P/E
- 38.6× 预期 20.2×(FY2026)
- P/S
- 2.5× 股价 / 营收,TTM
- EV / EBITDA
- 18.3× TTM
- 自由现金流
- $4.14亿 过去12个月
- 净利润
- $3.01亿 过去12个月
- 营收预期
- $49.3亿 FY2026年一致预期
- 盈利
- 2027-02-10 营收预期 $13.9亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-28):营收低于预期2.3%,EPS 超预期5.8%营收$12.9亿,预期$13.2亿(-2.3%);EPS $2.54,预期$2.40(+5.8%)。
- 营收增长加速:同比16.2%Q3 '26营收$12.9亿,此前四个季度的平均值为1.6%。
- 营业利润率10.4%(TTM),较去年同期-1.0 百分点营收增长6.1%,营业利润增长-3.5%。
- 税前利润的19.2%被营业外亏损吞噬税前利润$4.02亿,营业利润$4.79亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的4.0%(去年为3.8%)最近4个季度投入$1.86亿(同比+13.7%)。自由现金流$4.14亿,相当于净利润的137.6%。
- 稀释股数一年内增加0.7%Q3 '26稀释股数5960万,一年前为5910万。
- 净债务 $9.4亿现金 + 短期投资 $3.94亿,含租赁债务 $13.3亿;一年前净债务 $11.2亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $12.9亿 | $11.1亿 | +16.2% |
| 毛利率 | 39.9% | 38.3% | +1.5 百分点 |
| 营业利润 | $1.61亿 | $1.03亿 | +55.8% |
| 营业利润率 | 12.4% | 9.3% | +3.2 百分点 |
| 净利润 | $1.09亿 | $6620万 | +65.1% |
| 稀释EPS | $1.83 | $1.12 | +63.4% |
| 经营现金流 | $1.71亿 | $1.18亿 | +44.4% |
| 资本支出 | $3930万 | $2190万 | +79.4% |
| 自由现金流 | $1.32亿 | $9650万 | +36.5% |
| R&D | $6380万 | $6010万 | +6.3% |
| 股权激励费用 | $1300万 | $1280万 | +2.3% |
实际 vs 一致预期
2026-10-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $12.9亿 | $13.2亿 | -2.3% |
| EPS(一致预期口径) | $2.54 | $2.40 | +5.8% |
来自2026-10-28发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Residential Power Products | – | – | – | – | – | |
| Commercial and Industrial Power Products | – | – | – | – | – | |
| Extended Warranties | $2.33亿 | – | 100.0% | – | – | |
| Other Products and Services | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Domestic | $9.38亿 | – | 83.5% | – | – | |
| International | $1.85亿 | – | 16.5% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $6.01亿
- 资本支出
- -$1.86亿
- 股票回购
- $0
- 股息
- $0
- 收购
- -$2.09亿
- 债务净发行
- -$1.06亿
- 股权激励费用
- $5130万
- 自由现金流
- $4.14亿
- 股东回报 / FCF
- -0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 38.6× | 35.4× | 18.1× – 50.0× |
| EV / EBITDA | 18.3× | 18.2× | 10.9× – 28.5× |
| EV / 营收 | 2.7× | 3.0× | 1.7× – 6.2× |
| 股价 / FCF | 28.2× | 34.6× 5年中的4年 | 15.3× – 73.3× |
| 股价 / 净资产 | 3.9× | 4.6× | 2.8× – 10.0× |
| FCF收益率 | 3.5% | 3.2% | -0.4% – 6.5% |
| 投入资本回报率 | 7.5% | 9.6% | 5.3% – 15.3% |
| 净资产收益率 | 10.8% | 13.5% | 6.1% – 24.1% |
分析师
一致目标价 $301.93 (+52.5%)
区间 $250.00 – $375.00 · 评级 Buy
强烈买入0
买入29
持有11
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $49.3亿 | +17.0% | $9.82 | +264.9% | 20.2× | 13 |
| FY2027 | $68.6亿 | +39.3% | $13.93 | +41.9% | 14.2× | 15 |
| FY2028 | $80.1亿 | +16.8% | $17.15 | +23.1% | 11.5× | 13 |
| FY2029 | $82.4亿 | +2.8% | $18.23 | +6.3% | 10.9× | 10 |
| FY2030 | $86.5亿 | +5.0% | $19.46 | +6.8% | 10.2× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Generac Holdings Inc.在近期10-Q / 10-K文件中标记的全部306项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $5830万 | $5770万 | +1.0% | – | – | – | |
| Accounts Payable, Current | $5.56亿 | $5.96亿 | -6.7% | $4.37亿 | $4.59亿 | -4.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $6.69亿 | $6.49亿 | +3.2% | $6.03亿 | $6.12亿 | -1.5% |
| Accounts Receivable, Allowance for Credit Loss | $3450万2025-12-31 | $3.55万 | +97,190.3% | $3450万 | $3.55万 | +97,190.3% |
| Accounts Receivable, Allowance for Credit Loss, Current | $3380万 | $3620万 | -6.8% | $3450万 | $3550万 | -2.7% |
| Accounts Receivable, before Allowance for Credit Loss | $6.37亿2025-12-31 | $64.8万 | +98,305.0% | $6.37亿 | $64.8万 | +98,305.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $5.17亿 | $4.38亿 | +18.1% | $4.7亿 | $3.91亿 | +20.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1760万 | $311万 | -665.4% | $87.4万 | -$8540万 | +101.0% |
| Additional Paid in Capital | $12.1亿 | $11.6亿 | +4.3% | $11.9亿 | $11.3亿 | +4.7% |
| Advertising Expense | – | – | – | $1.23亿 | $1.17亿 | +5.7% |
| Amortization of Debt Issuance Costs and Discounts | $54.6万 | $64.2万 | -15.0% | $238万 | $324万 | -26.6% |
| Amortization of Intangible Assets | $3080万 | $2570万 | +20.0% | $1.02亿 | $9770万 | +3.9% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1.24亿 | 7.79亿 | -84.1% | 30万 | 42.8万 | -29.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1400万 | $1480万 | -5.1% | $4990万 | $4920万 | +1.4% |
| Assets | $57.7亿 | $53.9亿 | +7.1% | $55.7亿 | $51.1亿 | +9.1% |
| Assets, Current | $24.3亿 | $22.5亿 | +8.4% | $24.6亿 | $20.3亿 | +21.2% |
| Business Combination, Contingent Consideration, Liability | $1.22亿 | – | – | $3890万2023-12-31 | $8150万 | -52.2% |
| Business Combination, Contingent Consideration, Liability, Current | $1.06亿 | – | – | – | – | – |
| Business Combination, Contingent Consideration, Liability, Noncurrent | $1600万 | – | – | – | – | – |
| Capitalized Contract Cost, Amortization | – | – | – | $382万 | $296万 | +29.3% |
| Capitalized Contract Cost, Net | $2430万2025-12-31 | $1710万 | +41.8% | $2430万 | $1710万 | +41.8% |
| Cash and Cash Equivalents, at Carrying Value | $2.65亿 | $2.24亿 | +18.5% | $3.41亿 | $2.81亿 | +21.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $2.65亿 | $2.24亿 | +18.5% | $3.41亿 | $2.81亿 | +21.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$60.9万 | $3610万 | -101.7% | $6010万 | $8030万 | -25.1% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 5亿 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares, Issued | 7420万 | 7400万 | +0.3% | 7410万 | 7380万 | +0.4% |
| Common Stock, Value, Issued | $74.2万 | $74万 | +0.3% | $74.1万 | $73.8万 | +0.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $248万 | $40.5万 | +512.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.43亿 | $1.38亿 | +4.1% | $2.46亿 | $2.46亿 | -0.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $2.48亿 | $2.46亿 | +0.7% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $7870万 | – | – | – | – | – |
| Contract with Customer, Liability | $1.18亿 | $2380万 | +395.9% | $2690万2024-12-31 | $1920万 | +40.1% |
| Contract with Customer, Liability, Noncurrent | $2.28亿 | $2亿 | +13.6% | $2.33亿 | $1.93亿 | +20.5% |
| Contract with Customer, Liability, Revenue Recognized | $4350万 | $720万 | +504.3% | $6130万 | $1920万 | +219.7% |
| Cost of Goods and Services Sold | $6.52亿 | $6.44亿 | +1.1% | $26亿 | $26.3亿 | -1.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1000万 | $1.18亿 | -91.5% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1540万 | $1440万 | +7.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $2260万 | $1.53亿 | -85.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$283万 | $2100万 | -113.5% |
| Debt and Lease Obligation | $12.8亿 | $13.7亿 | -6.4% | $12.8亿 | $12.8亿 | +0.3% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $514万 | $693万 | -25.7% | $567万 | $820万 | -30.8% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1790万 | -$4650万 | +138.5% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$726万 | -$557万 | -30.4% |
| Deferred Income Tax Assets, Net | $811万 | $4220万 | -80.8% | $4190万 | $2410万 | +73.8% |
| Deferred Income Tax Expense (Benefit) | $2270万 | -$1450万 | +256.7% | $1510万 | -$6060万 | +124.9% |
| Deferred Income Tax Liabilities, Net | $5430万 | $3470万 | +56.3% | $6090万 | $3320万 | +83.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $311万 | -$861万 | +136.1% |
| Deferred Tax Assets, Deferred Income | $3970万2025-12-31 | $4330万 | -8.3% | $3970万 | $4330万 | -8.3% |
| Deferred Tax Assets, in Process Research and Development | $3060万2025-12-31 | $9830万 | -68.9% | $3060万 | $9830万 | -68.9% |
| Deferred Tax Assets, Inventory | $1790万2025-12-31 | $1410万 | +26.6% | $1790万 | $1410万 | +26.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $2.16亿2025-12-31 | $2.85亿 | -24.1% | $2.16亿 | $2.85亿 | -24.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $5560万2025-12-31 | $5030万 | +10.4% | $5560万 | $5030万 | +10.4% |
| Deferred Tax Assets, Other | $1280万2025-12-31 | $1300万 | -1.6% | $1280万 | $1300万 | -1.6% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $863万2025-12-31 | $1700万 | -49.1% | $863万 | $1700万 | -49.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $5470万2025-12-31 | $5240万 | +4.5% | $5470万 | $5240万 | +4.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts | $122万2025-12-31 | $180万 | -32.4% | $122万 | $180万 | -32.4% |
| Deferred Tax Assets, Valuation Allowance | $654万2025-12-31 | $523万 | +25.1% | $654万 | $523万 | +25.1% |
| Deferred Tax Liabilities, Derivatives | $16.6万2025-12-31 | $650万 | -97.4% | $16.6万 | $650万 | -97.4% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $1.83亿2025-12-31 | $2.34亿 | -21.8% | $1.83亿 | $2.34亿 | -21.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02