GNRC · 10-Q · 2026Q3 · Full report
Adjusted EBITDA Performance
GENERAC HOLDINGS INC. · 2026-11-03 · Importance 69 · Surprise 64 · Contradicted
Third-quarter operating income increased 55.8% year over year to $160.6 million, while nine-month operating income rose 63.6% to $488.3 million. Third-quarter adjusted EBITDA was $256.2 million, up 32.6%; Residential adjusted EBITDA increased 25.4% to $200.8 million, and C&I adjusted EBITDA increased 58.3% to $69.3 million. Nine-month Residential adjusted EBITDA rose 32.7% to $554.8 million, with margin increasing to 28.9% from 22.4%, driven by tariff refunds, favorable price/cost and sales mix, and operational efficiencies. Nine-month C&I adjusted EBITDA increased 52.5% to $217.3 million, with margin rising to 13.4% from 11.3%, reflecting tariff refunds, acquisitions and divestitures, and operating leverage on higher shipments, partly offset by growth investments.
Key facts
- Generac's adjusted EBITDA attributable to Generac Holdings Inc. was $256.484 million for the three months ended September 30, 2026, compared with $192.560 million for the prior-year quarter. source
- Generac's adjusted EBITDA attributable to Generac Holdings Inc. was $741.072 million for the nine months ended September 30, 2026, compared with $528.491 million for the prior-year period. source
- Generac’s third-quarter 2026 C&I adjusted EBITDA was $69.3 million, or 12.5% of C&I total sales, compared with $43.8 million, or 10.1%, in the prior year; the margin increase primarily reflected operating leverage and the net favorable impact of acquisitions and divestitures. source
- Generac’s nine-month 2026 C&I adjusted EBITDA was $217.3 million, or 13.4% of C&I total sales, compared with $142.5 million, or 11.3%, in the prior year; the increase was driven by tariff refunds, acquisitions and divestitures, and improved operating leverage, partly offset by strategic expense investments. source
- Generac’s nine-month 2026 Residential adjusted EBITDA was $554.8 million, or 28.9% of segment total sales, compared with $418.2 million, or 22.4%, in the prior year. source
- Generac’s third-quarter 2026 Residential adjusted EBITDA was $200.8 million, or 27.0% of segment total sales, compared with $160.2 million, or 23.4%, in the prior year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +16.4% | Generac's adjusted EBITDA attributable to Generac Holdings Inc. was $741.072 million for the nine months ended September 30, 2026,… |
| margin | positive | realized | +6.5% | Generac’s nine-month 2026 Residential adjusted EBITDA was $554.8 million, or 28.9% of segment total sales, compared with $418.2 million,… |
| operating_income | positive | realized | +4.9% | Generac's adjusted EBITDA attributable to Generac Holdings Inc. was $256.484 million for the three months ended September 30, 2026,… |
| margin | positive | realized | +3.6% | Generac’s third-quarter 2026 Residential adjusted EBITDA was $200.8 million, or 27.0% of segment total sales, compared with $160.2… |
| operating_income | positive | realized | +3.1% | Generac’s third-quarter 2026 Residential adjusted EBITDA was $200.8 million, or 27.0% of segment total sales, compared with $160.2… |
| margin | positive | realized | +2.4% | Generac’s third-quarter 2026 C&I adjusted EBITDA was $69.3 million, or 12.5% of C&I total sales, compared with $43.8 million, or 10.1%, in… |
| margin | positive | realized | +2.1% | Generac’s nine-month 2026 C&I adjusted EBITDA was $217.3 million, or 13.4% of C&I total sales, compared with $142.5 million, or 11.3%, in… |