Generac Q4 Sales Fall 12% to $1.09B, C&I Up 10%, Guides Mid-Teens Growth
Generac's Q4 2025 net sales fell 12% to $1.09B, driven by a 23% drop in residential sales while C&I sales rose 10% to $400M, resulting in a $24M net loss including a $104.5M legal provision. The company launched mid-teens net sales growth guidance for 2026 and approved a $500M repurchase program.
1. Fourth Quarter 2025 Results
Net sales decreased 12% to $1.09 billion, with a 1% benefit from acquisitions and currency. Residential product sales fell 23% to $572 million, while C&I sales grew 10% to $400 million. The company reported a $24 million net loss ($0.42/share), including a $104.5 million legal provision, and delivered $185 million of adjusted EBITDA (17.0% margin).
2. Full-Year 2025 Overview
Full-year net sales declined 2% to $4.21 billion, with residential sales down 7% to $2.27 billion and C&I up 5% to $1.46 billion. Net income was $160 million ($2.69/share), adjusted net income was $376 million ($6.34/share), and free cash flow totaled $268 million. The company repurchased 1.1 million shares for $148 million and authorized a new $500 million repurchase program.
3. 2026 Outlook and Initiatives
Generac completed the Allmand acquisition on January 5 and expects mid-teens net sales growth with an 18.0–19.0% adjusted EBITDA margin for 2026. The company is expanding manufacturing capacity—including a new Wisconsin facility—and investing in existing plants to support anticipated data center demand and long-term C&I growth.