Invesaro

Stocks Comparison

Generac vs Erayak Power Solution: revenue, profit, margins and growth compared

Generac brought in $4.2B of revenue in fiscal 2025, Erayak Power Solution $22.9M in fiscal 2025. Revenue changed by -2.0% at Generac and -24.6% at Erayak Power Solution on the year before, so Generac grew faster. Generac kept 3.8% of its revenue as net profit, Erayak Power Solution -6.1%. Free cash flow was $268.1M at Generac and -$8.4M at Erayak Power Solution.

Side by side, latest fiscal year

GNRCRAYA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.2B$22.9M
Revenue growth-2.0%-24.6%
Net income$159.6M-$1.4M
Net margin3.8%-6.1%
Free cash flow$268.1M-$8.4M
Free cash flow margin6.4%-36.8%
Earnings per share (diluted)$2.69-$27.28
Cash$341.4M$436.8K
Debt$1.3B$3.4M
Price to earnings77.4n/a
Market value$12.3B$2M
Dividend yieldn/an/a
Rank by revenue in sector#228 of 955 · Consumer discretionary#819 of 955 · Consumer discretionary

Over the years

Revenue
GNRC FY2018: $2BGNRC FY2019: $2.2BGNRC FY2020: $2.5BGNRC FY2021: $3.7BGNRC FY2022: $4.6BGNRC FY2023: $4BGNRC FY2024: $4.3BGNRC FY2025: $4.2BRAYA FY2020: $14.1MRAYA FY2022: $18.6MRAYA FY2022: $26.9MRAYA FY2023: $20.3MRAYA FY2024: $30.3MRAYA FY2025: $22.9MFY18FY19FY20FY21FY22FY23FY24FY25
GNRC $4.2BRAYA $22.9M
Net income
GNRC FY2018: $238.3MGNRC FY2019: $252MGNRC FY2020: $350.6MGNRC FY2021: $550.5MGNRC FY2022: $399.5MGNRC FY2023: $214.6MGNRC FY2024: $316.3MGNRC FY2025: $159.6MRAYA FY2020: $2.2MRAYA FY2022: $3.4MRAYA FY2022: $3.5MRAYA FY2023: $1.2MRAYA FY2024: -$1.1MRAYA FY2025: -$1.4MFY18FY19FY20FY21FY22FY23FY24FY25
GNRC $159.6MRAYA -$1.4M
Net margin
GNRC FY2018: 11.8%GNRC FY2019: 11.4%GNRC FY2020: 14.1%GNRC FY2021: 14.7%GNRC FY2022: 8.8%GNRC FY2023: 5.3%GNRC FY2024: 7.4%GNRC FY2025: 3.8%RAYA FY2020: 15.7%RAYA FY2022: 18.2%RAYA FY2022: 12.9%RAYA FY2023: 6.0%RAYA FY2024: -3.7%RAYA FY2025: -6.1%FY18FY19FY20FY21FY22FY23FY24FY25
GNRC 3.8%RAYA -6.1%
Revenue growth
GNRC FY2019: +8.9%GNRC FY2020: +12.7%GNRC FY2021: +50.4%GNRC FY2022: +22.1%GNRC FY2023: -11.9%GNRC FY2024: +6.8%GNRC FY2025: -2.0%RAYA FY2022: +31.9%RAYA FY2022: +44.4%RAYA FY2023: -24.5%RAYA FY2024: +49.1%RAYA FY2025: -24.6%FY19FY20FY21FY22FY23FY24FY25
GNRC -2.0%RAYA -24.6%
Free cash flow
GNRC FY2018: $199.6MGNRC FY2019: $248.1MGNRC FY2020: $424.4MGNRC FY2021: $301.2MGNRC FY2022: -$27.7MGNRC FY2023: $392.6MGNRC FY2024: $604.6MGNRC FY2025: $268.1MRAYA FY2020: -$8.1MRAYA FY2022: $4.4MRAYA FY2022: -$4.8MRAYA FY2023: $6MRAYA FY2024: -$16.4MRAYA FY2025: -$8.4MFY18FY19FY20FY21FY22FY23FY24FY25
GNRC $268.1MRAYA -$8.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Generac and Erayak Power Solution

Which is bigger by revenue, Generac or Erayak Power Solution?

Generac is bigger by revenue: $4.2B in fiscal 2025, against $22.9M for Erayak Power Solution in fiscal 2025.

Which keeps more of its revenue as profit, Generac or Erayak Power Solution?

Generac had a net margin of 3.8% in fiscal 2025; Erayak Power Solution had -6.1% in fiscal 2025.

Which grew revenue faster, Generac or Erayak Power Solution?

In their latest fiscal years revenue changed by -2.0% at Generac and -24.6% at Erayak Power Solution.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies