Generac Holdings Inc.
GNRC Industrials · Specialty Industrial MachineryNot yet scored
Filing.fyi has not computed forensic scores for GNRC yet. Scores appear after the company's next data refresh.
What the filing actually says.
This synthesis is limited by the data provided. No forensic scores are on file, so no Beneish M-Score, Piotroski F-Score, Altman Z-Score, or Fog Index value is given here, and none of their labels can be applied. In general terms, a Beneish M-Score screens for patterns that sometimes accompany earnings manipulation, and an elevated reading is a flag for a closer read rather than proof of wrongdoing. A Piotroski F-Score counts financial-health signals across profitability, leverage, and efficiency, and is reported as a count of computable signals. An Altman Z-Score estimates financial distress risk using a zone system, and it is designed for industrial and non-financial firms. A Fog Index measures how hard a document is to read. None of these can be interpreted for this company from the data on file. The financial facts that are available describe a business whose revenue roughly doubled from $2.02 billion in 2018 to $4.21 billion in 2025, with a peak of $4.56 billion in 2022 and a decline in 2025. Operating income of $289.19 million in 2025 is the only profit figure provided, so trends in margins, cash flow, debt, and liquidity cannot be assessed. A careful reader would need the full MD&A, risk factors, cash flow statement, and balance sheet before drawing conclusions about the company's direction. The annual report filed with the SEC is the primary source for those sections.
Catalyst.The data on file shows revenue moving in two directions. Revenue rose from $2.02 billion in 2018 to $4.56 billion in 2022, then eased to $4.3 billion in 2024 and $4.21 billion in 2025. The 2025 figure is about 2.1% below 2024 and about 7.7% below the 2022 level. Because no MD&A text is on file, this data cannot show which business lines, customers, pricing, or market conditions drove these changes, so any explanation would be unsupported here. The only profit line provided is 2025 operating income of $289.19 million, roughly 6.9% of 2025 revenue. Readers may want to look at the MD&A section of the company's annual report directly to see management's stated drivers.
Hidden risk.The most material gap for a careful reader is what is missing. No risk-factor text, forensic scores, or news headlines are on file, so the usual checks for manipulation signals, financial-health strain, or disclosed legal and regulatory exposure cannot be run from this data. The revenue pattern itself is a tension: 2025 revenue is lower than both 2024 and 2022. Operating income of $289.19 million is a thin share of sales at about 6.9%, which leaves limited room for a sales decline to carry through to profit. Without prior-year operating income in the data, the size of that squeeze cannot be measured. Readers may want to check the risk-factors section of the annual report.
What traders are betting.
The metric
Shares that traders have borrowed and sold, betting the price will fall, and not yet bought back. Brokers report the total to FINRA twice a month. Days to cover divides it by the shares that change hands on a typical day.
- Shares sold short
- 2.6M
- Change since Aug 31
- −3.1%
- Days to cover
- 1.8
What it tells us
Few traders are betting against GNRC. Levels this low are common for large, widely held companies.
Little changed since the Aug 31 report (−3.1%).
At normal trading volume, short sellers could buy back every borrowed share in under two days.
How investors use it
- Squeeze watching. Some aggressive traders seek out heavily shorted stocks, betting that good news will force short sellers to buy back shares and push the price higher.
- Hedging. Funds short one company to offset risk in another, often owning a stronger business and shorting a weaker one in the same industry.
- Timing. Chart-based traders pair rising short interest with price patterns, such as a break below a level where buyers used to step in, to decide when to enter or exit.
- Warning sign. Some owners treat a sharp rise in short interest as a red flag and respond by tightening stop-loss orders or holding smaller positions.
Quarterly report
The quarterly report (10-Q) and current reports (8-K) Generac filed in the last 12 months, each linked to the original document on SEC EDGAR.
If this case caught your eye
Financial Shenanigans
Schilit's framework for the seven shenanigan types is the standard reference for the kind of MD&A pattern-matching this site does.
View on Amazon →The Interpretation of Financial Statements
The original — and still the clearest — explanation of why working-capital trends matter more than headline earnings.
View on Amazon →Quality of Earnings
Out of print, expensive, worth it. The chapter on receivables-vs-revenue divergence applies almost word-for-word to most distressed filings.
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