Generac Holdings (GNRC) Research & Development (2011 - 2026)
Generac Holdings (GNRC) recorded Research & Development of $63.83 million in Q3 2026, up 6.3% from $60.06 million a year earlier but down 3.0% from the prior quarter.
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Analysis
Generac Holdings (GNRC) Research & Development (2011 - 2026) Analysis & Trends
On a TTM basis, Generac Holdings' Research & Development came in at $253.28 million as of Sep 30, 2026, up 4.8% year-over-year; for FY2025, it was $243.47 million, up 10.9% from FY2024.
- Annual Research & Development has increased for 15 straight years, with a five-year compound annual growth rate of 24.9% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $219.6 million in FY2024 (+26.6%), $173.44 million in FY2023 (+8.6%), $159.77 million in FY2022 (+53.2%) and $104.3 million in FY2021 (+30.0%).
- Quarterly Research & Development has ranged from $29.41 million in Q4 2021 to $65.78 million in Q2 2026 over the past five years.
- On a year-over-year basis, Research & Development has increased for 47 consecutive quarters, with growth averaging 12.0% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 1.0% (Q1 2026) and 77.5% (Q1 2022) over the last five years.
- Per Business Quant, the preceding three quarters came in at $65.78 million (Q2 2026), $62.66 million (Q1 2026) and $61.01 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.58 Bn | 171.68 Bn | 3.11 Bn | 358.00 Mn |
| 2 | Bloom Energy | 56.91 Bn | 46.81 Bn | 417.10 Mn | 64.15 Mn |
| 3 | First Solar | 20.56 Bn | 11.92 Bn | 713.06 Mn | 67.22 Mn |
| 4 | Nextpower | 15.90 Bn | 11.61 Bn | 345.32 Mn | 45.57 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 3.83 Mn |
| 6 | Generac Holdings | 11.11 Bn | 9.84 Bn | 516.04 Mn | 63.83 Mn |
| 7 | EnerSys | 5.54 Bn | 3.73 Bn | 313.36 Mn | - |
| 8 | Mirion Technologies | 4.72 Bn | 3.08 Bn | 131.50 Mn | 10.30 Mn |
| 9 | Enphase Energy | 3.84 Bn | -474.64 Mn | 127.12 Mn | 45.20 Mn |
| 10 | QuantumScape | 2.84 Bn | -715.25 Mn | - | 73.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 63.83 Mn |
| Jun 30, 2026 | 65.78 Mn |
| Mar 31, 2026 | 62.66 Mn |
| Dec 31, 2025 | 61.01 Mn |
| Sep 30, 2025 | 60.06 Mn |
| Jun 30, 2025 | 60.35 Mn |
| Mar 31, 2025 | 62.05 Mn |
| Dec 31, 2024 | 59.26 Mn |
| Sep 30, 2024 | 56.94 Mn |
| Jun 30, 2024 | 54.00 Mn |
| Mar 31, 2024 | 49.41 Mn |
| Dec 31, 2023 | 44.37 Mn |
| Sep 30, 2023 | 43.31 Mn |
| Jun 30, 2023 | 43.94 Mn |
| Mar 31, 2023 | 41.82 Mn |
| Dec 31, 2022 | 38.45 Mn |
| Sep 30, 2022 | 39.99 Mn |
| Jun 30, 2022 | 41.60 Mn |
| Mar 31, 2022 | 39.74 Mn |
| Dec 31, 2021 | 29.41 Mn |
API Access
Generac Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=GNRC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GNRC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=GNRC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();