GE Vernova vs Generac
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KIRA’s take AI analyst
I put GE Vernova and Generac side by side, using each one’s latest annual report. Here is what stands out:
- GE Vernova is the larger business, with $38.1B of revenue in fiscal 2025 against $4.2B for Generac, about 9.0 times as much.
- GE Vernova grew revenue faster (9.0%, against −2.0%).
- Generac kept more of each dollar of sales as operating profit (6.9% operating margin, against 3.7%).
- GE Vernova turned more of its sales into free cash flow (9.8% FCF margin, against 6.4%).
- Investors pay more for each dollar of Generac’s earnings: a P/E of 43.5x against 24.6x for GE Vernova.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
GE Vernova
GEV
6/9
Revenue growthNet marginFCF marginReturn on equityPiotroski F-scoreNet debt / EBITDA
Generac
GNRC
3/9
Gross marginOperating marginShare count change
Side by side
Best in the row
| Latest fiscal year | GEV FY25 | GNRC FY25 |
|---|---|---|
| Size | ||
| Market cap | $230.9B | $11.3B |
| Revenue | $38.1B | $4.2B |
| Free cash flow | $3.7B | $268M |
| Net income | $4.9B | $160M |
| Growth | ||
| Revenue growth | 9.0% | −2.0% |
| 5-year growth | — | 11.1% |
| Share count change | −0.7% | −1.8% |
| Profitability | ||
| Gross margin | 19.8% | 38.3% |
| Operating margin | 3.7% | 6.9% |
| Net margin | 12.8% | 3.8% |
| FCF margin | 9.8% | 6.4% |
| Return on capital | — | 6.5% |
| Return on equity | 47.1% | 6.2% |
| Balance sheet | ||
| Net debt | −$8.5B | $1.0B |
| Net debt / EBITDA | −3.8x | 2.1x |
| Dividends and buybacks | $3.6B | $148M |
| Valuation & quality | ||
| P/E | 24.6x | 43.5x |
| Piotroski F-score | 7 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.