Short answer
Generac (GNRC) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.1B (down 5.0% year over year) with net income of $66M.
Q3 2025 key financials · XBRL
- Revenue
- $1.1B
- −5.0% YoY · +5.0% QoQ
- Net income
- $66M
- −41.8% YoY · −10.6% QoQ
- Operating margin
- 9.3%
- Gross margin
- 38.3%
- EPS (diluted)
- $1.12
- −40.7% YoY · −10.4% QoQ
Source: XBRL data from the Generac (GNRC) Q3 2025 10-Q on SEC EDGAR. USD.
Generac Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $1.114B, down 5.0% YoY from $1.174B; driven by domestic sales decline of 7.7% offset by 11.4% international growth
- Operating margin 9.3% (Income from operations $103M on $1.114B sales) vs 14.4% (Income $169M on $1.174B) prior year quarter
- Best performing segment: International sales up 11.4% to $180.7M, adjusted EBITDA margin 14.8% vs 12.2% prior year; worst: Domestic sales down 7.7% to $933.6M with adjusted EBITDA margin decline to 17.7% from 20.7%
- Cash from operations $249M down 38.1% YoY; capital expenditures $110.5M invested this quarter; share repurchases $0 this quarter, $148M YTD
- Management notes tariff impacts, supply chain initiatives, lower power outages affecting domestic demand, expects continued demand growth in C&I and international markets, and lower effective tax rate of 15.0% vs 22.7% prior year quarter
Risk Factors
- New market risk: Uncertain growth of AI-driven data center backup power demand with potential impact on revenue and profitability projections
- Updated operational risk: Managing data center business expansion requires significant capital and management resources under evolving competitive pressure
- Regulatory risk: Compliance with multiple Credit Agreement amendments including 2024 Replacement Term Loan Amendment, impacting debt structure terms
- Financial risk: Absence of share repurchases in Q3 2025; $199M remaining authorized repurchase capacity as of September 30, 2025
- Legal/compliance risk: No defaults on senior securities or mine safety disclosures reported in the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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