Generac Holdlings Inc. — Earnings Quality Grade F
GNRC · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 52 days, change +0 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -2.0%, CFFO -40.9%. Cash follows revenue
Expense Quality
Inventory growth 21.1% exceeds COGS -1.2%
CapEx growth 24.2% is >2x revenue growth -2.0%
SG&A/Gross Profit = 60.7%. Normal
Gross margin 38.3%, change -0.5pp. Stable
Cash Flow Quality
CFFO/NI = 2.75. Profits backed by cash
FCF $0.3B, FCF/NI = 1.68
Accruals ratio = -5.0%. Low accruals
Cash $0.3B covers only 23% of debt $1.5B
Balance Sheet Health
Goodwill+Intangibles $2.1B = 81% of equity. Over 50%
Debt/EBITDA = 3.2x. Healthy
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -2% YoY. Normal
Manipulation Score
M-Score = -2.81 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09