Operating Profit Margin
since 2010
Calculation
Generac Holdings Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Income from operations1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 19.30% | = | 100 | × | 721,136) | ÷ | 3,737,184) |
| Dec 31, 2020 | 19.28% | = | 100 | × | 479,106) | ÷ | 2,485,200) |
| Dec 31, 2019 | 16.88% | = | 100 | × | 372,163) | ÷ | 2,204,336) |
| Dec 31, 2018 | 17.65% | = | 100 | × | 357,181) | ÷ | 2,023,464) |
| Dec 31, 2017 | 15.01% | = | 100 | × | 251,064) | ÷ | 1,672,445) |
| Dec 31, 2016 | 14.17% | = | 100 | × | 204,617) | ÷ | 1,444,453) |
| Dec 31, 2015 | 13.63% | = | 100 | × | 179,561) | ÷ | 1,317,299) |
| Dec 31, 2014 | 20.08% | = | 100 | × | 293,375) | ÷ | 1,460,919) |
| Dec 31, 2013 | 23.66% | = | 100 | × | 351,465) | ÷ | 1,485,765) |
| Dec 31, 2012 | 19.00% | = | 100 | × | 223,555) | ÷ | 1,176,306) |
| Dec 31, 2011 | 14.27% | = | 100 | × | 112,981) | ÷ | 791,976) |
| Dec 31, 2010 | 15.23% | = | 100 | × | 90,296) | ÷ | 592,880) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in thousands
The financial data exhibits several notable trends over the reported period from 2010 to 2021.
- Income from Operations
- Income from operations shows a consistent upward trajectory with a few fluctuations. Beginning at approximately $90.3 million in 2010, it more than doubled by 2013, reaching $351.5 million. A decline is observed in 2014 and 2015, reaching $179.6 million but then income from operations resumed growth from 2016 through 2021. The most significant growth occurs in the last two years, culminating in $721.1 million in 2021, which represents a strong recovery and substantial expansion compared to prior years.
- Net Sales
- Net sales demonstrate steady growth over the entire period, increasing from $592.9 million in 2010 to $3.74 billion in 2021. The increase is fairly smooth with yearly increments, except for a slight dip in 2015. Post-2015, sales continue a robust upward trend, particularly accelerated in the last two years, aligning with the marked increase in operating income. This suggests expanding market presence or increased pricing power.
- Operating Profit Margin
- The operating profit margin exhibits variability but generally trended upward over the years. Starting at 15.23% in 2010, it dipped slightly to 14.27% in 2011 but then reached a peak of 23.66% in 2013. The margin declined again through 2015, hitting a low of 13.63%. Subsequently, it improved gradually, remaining in the 15%-19% range from 2016 onwards. Despite fluctuations, the margin ended near 19.3% in 2021, similar to the peak levels seen in earlier years, indicating improved operational efficiency or cost control compared to the mid-period slump.
Overall, the company’s financial performance shows strong growth in sales and income from operations, with operating margins recovering after a mid-cycle dip. The trends suggest an expansion phase in recent years characterized by both volume growth and profitability improvements.
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Comparison to Competitors
Generac Holdings Inc., operating profit margin, long-term trends, comparison to competitors
| Generac Holdings Inc. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 19.30% | -4.66% | 14.27% | 13.61% | 7.70% |
| Dec 31, 2020 | 19.28% | -21.95% | 11.67% | 13.22% | -3.34% |
| Dec 31, 2019 | 16.88% | -2.58% | 16.33% | 14.29% | 11.64% |
| Dec 31, 2018 | 17.65% | 11.85% | 16.00% | 13.64% | 12.86% |
| Dec 31, 2017 | 15.01% | 11.01% | 10.32% | 11.60% | 14.49% |
| Dec 31, 2016 | 14.17% | 6.17% | 1.39% | 11.74% | 14.28% |
| Dec 31, 2015 | 13.63% | 7.74% | 7.38% | 11.78% | 13.00% |
| Dec 31, 2014 | 20.08% | 8.23% | 10.22% | 12.26% | 15.01% |
| Dec 31, 2013 | 23.66% | 7.58% | 10.68% | 9.93% | 14.70% |
| Dec 31, 2012 | 19.00% | 7.72% | 13.59% | 9.40% | 13.32% |
| Dec 31, 2011 | 14.27% | 8.50% | 12.46% | 8.56% | 13.92% |
| Dec 31, 2010 | 15.23% | 7.73% | 9.94% | 8.94% | 13.23% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).