Generac Holdings Inc. stock research
FY2026 Q1
Generac Holdings (GNRC) Gross Margin & Quarterly History
Explore Generac Holdings Inc. (GNRC) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue was stable compared to the previous quarter, while gross profit improved as cost of revenue declined, resulting in a higher gross margin. Compared to the same quarter last year, revenue increased but gross margin was lower, as cost of revenue rose at a faster pace than revenue.
- The most observable margin driver in the current quarter was the reduction in cost of revenue relative to revenue, which improved gross margin sequentially.
- Compared to the prior quarter, gross margin improved as cost of revenue decreased while revenue held steady. Versus the same quarter one year earlier, revenue was higher but gross margin weakened due to a proportionally larger increase in cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.7%
Gross profit
$410.2M
Revenue
$1.1B
Cost of revenue
$649.1M
Quarter-over-quarter change
+2.4 pts
Year-over-year change
-0.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $1.1B | $416.7M | $644.4M | 39.3% |
| Sep 30, 2025 | $1.1B | $426.9M | $687.4M | 38.3% |
| Dec 31, 2025 | $1.1B | $396.1M | $695.4M | 36.3% |
| Mar 31, 2026 | $1.1B | $410.2M | $649.1M | 38.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+2.4 pts
Year-over-year change
Mar 31, 2025
-0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable margin driver in the current quarter was the reduction in cost of revenue relative to revenue, which improved gross margin sequentially.
Compared to the prior quarter, gross margin improved as cost of revenue decreased while revenue held steady. Versus the same quarter one year earlier, revenue was higher but gross margin weakened due to a proportionally larger increase in cost of revenue.
Monitor the trend in cost of revenue relative to revenue to assess whether the improved cost efficiency can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Generac Holdings Inc. (GNRC) | 38.7% |