Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Paying user area
Try for free
Generac Holdings Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to Earnings (P/E) since 2010
- Price to Operating Profit (P/OP) since 2010
- Price to Book Value (P/BV) since 2010
- Price to Sales (P/S) since 2010
- Analysis of Debt
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Generac Holdings Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Profitability Ratios (Summary)
Generac Holdings Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
The analysis of the quarterly financial performance reveals several noteworthy trends across key profitability and efficiency metrics over the observed periods.
- Gross Profit Margin
- The gross profit margin maintained relative stability from early 2018 through mid-2019, fluctuating modestly around the mid-30% range. Starting in 2020, there was a discernible upward trend, peaking at approximately 39.31% in the first quarter of 2021. However, following this peak, the margin declined steadily, falling back to just above 34% by mid-2022, indicating some erosion in the company's core profitability at the gross level during the most recent quarters.
- Operating Profit Margin
- Operating profitability exhibited a pattern similar to gross margins but with more pronounced fluctuations. From 2018 to 2019, margins hovered mostly between 15% and 18%, before experiencing a significant rise throughout 2020 and early 2021, reaching a high of 21.91%. Subsequent quarters showed a decline, with margins reducing to the mid-16% range by the middle of 2022. This trend suggests improved operational efficiency up to 2021, followed by some pressures affecting operating income more recently.
- Net Profit Margin
- Net profit margins showed a consistent increase from early 2018 through the first quarter of 2021, climbing from just over 10% to a peak exceeding 16%. After this period of growth, profitability at the net level also faced a downturn, dropping to around 12.3% by the latest quarter. The net margin trajectory reflects enhancement in overall profitability, possibly including non-operational items, before a reversal in the most recent periods.
- Return on Equity (ROE)
- ROE reached its highest point around the third quarter of 2018, near 35%, before exhibiting a general downward trend with some short-term fluctuations. By mid-2022, ROE declined to slightly above 22%. The decline in ROE over time indicates reduced efficiency in generating shareholder returns, which may align with the observed compression in profit margins and suggests potential challenges in managing equity or retaining profit growth.
- Return on Assets (ROA)
- ROA displayed a positive trend from 2018 through early 2021, increasing from under 9% to approximately 14%. This improvement reflects enhanced asset utilization and profitability. However, from 2021 onward, ROA diminished to just below 10% by mid-2022, indicating weakening asset efficiency and a possible slowdown in operational effectiveness amid changing market or internal conditions.
In summary, the company demonstrated a period of improving profitability and efficiency from 2018 through early 2021, as evidenced by rising margins and returns. Subsequently, most profitability measures and returns exhibited a downward trend, suggesting emerging headwinds impacting operational results and asset utilization in recent quarters.
Return on Sales
Return on Investment
Gross Profit Margin
Generac Holdings Inc., gross profit margin calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
Gross profit margin = 100
× (Gross profitQ2 2022
+ Gross profitQ1 2022
+ Gross profitQ4 2021
+ Gross profitQ3 2021)
÷ (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data indicates several notable trends over the observed periods.
- Net Sales
- Net sales demonstrate a generally upward trajectory throughout the periods. Starting from approximately 400 million US dollars in the first quarter of 2018, net sales increased steadily with some fluctuations, reaching over 1.29 billion US dollars by the second quarter of 2022. There are seasonal variances visible within each year, but the overall trend points toward significant growth in revenue over the four-year span.
- Gross Profit
- Gross profit follows a similar growth pattern to net sales. Beginning at about 142 million US dollars in the first quarter of 2018, it rises with some periodic dips, reaching nearly 457 million US dollars by the second quarter of 2022. The gross profit increase aligns with the growth in net sales, indicating maintained profitability in terms of scale, although not in constant proportion to revenue increases in later periods.
- Gross Profit Margin
- The gross profit margin percentage exhibits a mild fluctuation with an initial range around 35.2% to 36.2% during 2018 and 2019 quarters. From 2020 onward, there is an observable increment in the margin, peaking at approximately 39.3% in the first quarter of 2021, signaling improved cost efficiency or pricing power during this period. However, the margin experiences a decline thereafter, dropping to around 34.2% by mid-2022. This decrease toward the end of the dataset suggests increased cost pressures or changes in sales mix affecting profitability.
In summary, the company's financials reveal robust revenue and gross profit growth over the years with variations corresponding to seasonal factors and possibly market conditions. The gross profit margin improvement in early 2021 indicates enhanced operational efficiency or favorable pricing dynamics, but the subsequent margin contraction highlights emerging challenges to maintaining profitability levels despite increased sales volume.
Operating Profit Margin
Generac Holdings Inc., operating profit margin calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Income from operations | ||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
Operating profit margin = 100
× (Income from operationsQ2 2022
+ Income from operationsQ1 2022
+ Income from operationsQ4 2021
+ Income from operationsQ3 2021)
÷ (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Income from Operations
- The income from operations exhibits a generally positive trend across the periods analyzed, with some fluctuations. Starting at approximately $56.3 million in the first quarter of 2018, there is a notable increase throughout 2018, peaking around $108.8 million by the fourth quarter. The first half of 2019 experiences some declines but rebounds by the end of that year near previous peak levels. During 2020, income from operations shows a strong upward trajectory, culminating in a significant high in the fourth quarter at approximately $171 million. The trend continues to rise through 2021, reaching its peak of roughly $189 million in the first quarter and maintaining relatively high values throughout the year. In 2022, there is some variability, with a lower amount in the first quarter followed by a substantial increase in the second quarter to the highest observed level of nearly $217 million. The fluctuations suggest responsiveness to seasonality or operational factors but overall growth in operational income over these years.
- Net Sales
- Net sales reveal a clear upward trajectory over the evaluated timeline. Beginning at about $400 million in the first quarter of 2018, sales increase steadily quarter-over-quarter, with the exception of minor seasonal dips typically observed in the first quarter of each year. Notably, there is consistent growth from 2019 onward, with sales exceeding $500 million in most quarters that year. The 2020 fiscal year marks a sharp acceleration, with sales surpassing $700 million in the third quarter and continuing an upward trend through 2021. The last recorded quarters in 2021 and into 2022 show a pronounced increase, with net sales reaching above $1 billion in the latter part of the period, indicating strong revenue expansion likely driven by increasing demand or successful market penetration strategies.
- Operating Profit Margin
- The operating profit margin remains fairly stable throughout the periods but shows a slight upward trend over the years under review. Margins start at around 15.8% in early 2018 and rise gradually, surpassing 17% by the end of that year. During 2019 and 2020, the margin fluctuates between roughly 16.3% and 19.3%, with the highest margin recorded in the fourth quarter of 2020 at approximately 19.3%. In 2021, the margin peaks further, reaching above 21% in multiple quarters, indicating improved profitability relative to sales. However, the first half of 2022 shows a modest decline back towards the mid to high teens percentage range, suggesting some cost pressures or margin compression amid higher sales volumes. Overall, despite some variation, the operating margins depict a company maintaining solid operational efficiency.
Net Profit Margin
Generac Holdings Inc., net profit margin calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Net income attributable to Generac Holdings Inc. | ||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
Net profit margin = 100
× (Net income attributable to Generac Holdings Inc.Q2 2022
+ Net income attributable to Generac Holdings Inc.Q1 2022
+ Net income attributable to Generac Holdings Inc.Q4 2021
+ Net income attributable to Generac Holdings Inc.Q3 2021)
÷ (Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021
+ Net salesQ3 2021)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals several key trends over the observed periods. Net sales show a general upward trajectory, reflecting growth in revenue generation. From early 2018 through mid-2022, net sales increased steadily, with occasional quarterly fluctuations. Notably, after the first quarter of 2020, there is a discernible acceleration in growth, culminating in the highest reported sales figures in the first half of 2022.
Net income attributable to the company also exhibits a pattern of growth with some volatility. Early 2018 to late 2018 featured a robust increase, peaking in the third quarter of 2018. Following a dip in early 2019, net income rose again significantly, reaching a new high at the end of 2020, and maintaining relatively strong results through 2021 and into 2022. The data indicates an overall positive trend in profitability, although with periodic declines that suggest sensitivity to market or operational conditions.
The net profit margin demonstrates an improving efficiency and profitability profile over time. Starting at just over 10% in early 2018, it generally trends higher, reaching above 16% in early 2021. Although there is a slight decline in margins observed during 2022, levels remain well above the initial reporting periods, indicating enhanced cost management or pricing strategies contributing to improved profitability relative to sales.
- Net Sales
- Consistently increased from approximately $400 million in early 2018 to over $1.29 billion by mid-2022, reflecting strong organic growth and possibly market expansion or increased demand.
- Net Income
- Increased overall from about $34 million in the first quarter of 2018 to over $156 million in mid-2022, showing enhanced profitability despite some fluctuations. Peaks correspond with strong sales periods.
- Net Profit Margin
- Improved from roughly 10.35% to a peak above 16% in early 2021, suggesting effective cost control and operational leverage. Margins slightly contracted to around 12.3% by mid-2022 but remained higher than 2018 levels.
In summary, the company has exhibited strong revenue growth coupled with increasing net income and improving profit margins over the analyzed timeline. Though there are some fluctuations, particularly in net income and profit margins around 2022, the overall financial health appears positive with an upward growth trend and enhanced profitability metrics.
Return on Equity (ROE)
Generac Holdings Inc., ROE calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Net income attributable to Generac Holdings Inc. | ||||||||||||||||||||||||
| Stockholders’ equity attributable to Generac Holdings Inc. | ||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
ROE = 100
× (Net income attributable to Generac Holdings Inc.Q2 2022
+ Net income attributable to Generac Holdings Inc.Q1 2022
+ Net income attributable to Generac Holdings Inc.Q4 2021
+ Net income attributable to Generac Holdings Inc.Q3 2021)
÷ Stockholders’ equity attributable to Generac Holdings Inc.
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data over the observed periods reveals several notable trends concerning net income, stockholders’ equity, and return on equity (ROE) for the company.
- Net Income Attributable to the Company (US$ in thousands)
- The net income displays a general upward trajectory from early 2018 through late 2021, with some fluctuations. Starting from approximately $33.6 million in March 2018, net income peaks during the fourth quarter of 2020 at $125 million and continues to increase into 2021, reaching highs above $142 million in December 2021. However, there is some volatility with dips occurring in certain quarters, such as in the first quarter of 2019 and again in early 2022, though the latter period also includes a recovery in the subsequent quarter leading to $156 million in June 2022. Overall, net income tends to exhibit growth over the four-and-a-half-year timeframe, reflecting potentially improved profitability or operational efficiency.
- Stockholders’ Equity Attributable to the Company (US$ in thousands)
- Stockholders’ equity shows a consistent and steady increase throughout the period under review. From just over $570 million at the beginning of 2018, equity grows continuously, surpassing the billion-dollar mark around late 2019. This upward trend continues robustly into mid-2022, culminating in a stockholders’ equity value exceeding $2.4 billion. The sustained increase suggests successful capital accumulation, either through retained earnings, additional equity issuance, or asset revaluation.
- Return on Equity (ROE) Percentage
- ROE starts relatively high, with values above 30% in 2018, reaching nearly 35% in one quarter, indicating strong profitability relative to equity early on. However, a declining trend emerges following 2018, with ROE gradually decreasing over time and stabilizing in the low-to-mid 20% range from 2019 onwards. Despite some minor fluctuations, the ROE stabilizes around 22% to 25% in the later quarters, suggesting that while profitability remains solid, it has moderated compared to earlier periods, potentially due to the rapid growth in equity diluting returns or other operational factors.
In summary, the company exhibits strong growth in both net income and stockholders’ equity over the analyzed timeframe, reflecting improving financial strength and capital base expansion. Although ROE has declined from its peak levels, it remains at a healthy level, indicating sustained profitability relative to equity. The data suggests effective financial management and growth, but with a moderation in the efficiency of equity utilization in generating returns over recent periods.
Return on Assets (ROA)
Generac Holdings Inc., ROA calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||
| Net income attributable to Generac Holdings Inc. | ||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2022 Calculation
ROA = 100
× (Net income attributable to Generac Holdings Inc.Q2 2022
+ Net income attributable to Generac Holdings Inc.Q1 2022
+ Net income attributable to Generac Holdings Inc.Q4 2021
+ Net income attributable to Generac Holdings Inc.Q3 2021)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly financial data demonstrates several notable trends in profitability, asset growth, and return efficiency over the observed periods.
- Net Income
- Net income exhibited a generally upward trajectory with fluctuations over the quarters. From early 2018 to late 2018, net income increased substantially from around 33.6 million USD to approximately 75.6 million USD. This positive momentum slowed and fluctuated throughout 2019 and 2020, including a significant surge in the second half of 2020 where net income surpassed 114 million USD. Into 2021, net income maintained strong levels, peaking near 149 million USD in Q1 2021 before fluctuating slightly but remaining above the 127 million USD mark. In 2022, net income shows variability but remains robust, reaching a high of 156 million USD in Q2 2022.
- Total Assets
- Total assets presented a consistent growth pattern over the entire period. From approximately 2.08 billion USD at the beginning of 2018, total assets expanded steadily to reach over 5.47 billion USD by mid-2022, effectively more than doubling. This suggests ongoing investment and asset accumulation, signaling possible strategic expansions or acquisitions.
- Return on Assets (ROA)
- ROA displayed a steady and generally upward trend from 2018 through 2021. Starting at 8.67% in Q1 2018, ROA peaked at 13.92% in Q2 2021, indicating improving efficiency in generating profit relative to assets. However, from late 2021 into 2022, ROA showed a slight decline, settling just below 10%, which may reflect the rapid asset base expansion outpacing net income growth or other operational factors.
Overall, the data indicates strong and increasing profitability supported by substantial growth in assets. While profitability margins relative to asset size improved markedly until mid-2021, some moderation has occurred more recently. The company appears to be managing expanding operations with robust income generation, although the efficiency of asset use has experienced some volatility in the most recent quarters.