GNRC vs. TPL

Last updated Jun 4, 2026

GNRC (Generac Holdings Inc.) and TPL (Texas Pacific Land Corporation) are both stocks. GNRC operates in Specialty Industrial Machinery (Industrials), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, GNRC returned 22.46%/yr vs 37.18%/yr for TPL. At a 0.21 correlation, their price movements are largely independent.

Performance

GNRC vs. TPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Generac Holdings Inc. (GNRC) and Texas Pacific Land Corporation (TPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GNRC achieves a 109.22% return, which is significantly higher than TPL's 42.00% return. Over the past 10 years, GNRC has underperformed TPL with an annualized return of 22.46%, while TPL has yielded a comparatively higher 37.18% annualized return.

GNRC

• 1D: 0.26%
• 1M: 10.99%
• YTD: 109.22%
• 6M: 79.25%
• 1Y: 124.25%
• 3Y*: 35.46%
• 5Y*: -2.71%
• 10Y*: 22.46%

TPL

• 1D: 9.69%
• 1M: -5.88%
• YTD: 42.00%
• 6M: 33.76%
• 1Y: 9.02%
• 3Y*: 40.33%
• 5Y*: 21.25%
• 10Y*: 37.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GNRC vs. TPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GNRC Generac Holdings Inc.	109.22%	-12.05%	19.97%	28.39%	-71.40%	54.75%	126.08%	102.39%	0.36%	21.55%
TPL Texas Pacific Land Corporation	42.00%	-21.61%	115.31%	-32.40%	91.29%	73.25%	-4.69%	44.58%	21.96%	51.18%

Correlation

The correlation between GNRC and TPL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.21

Fundamentals

Market Cap GNRC : $16.90B TPL : $28.07B
EPS GNRC : $3.20 TPL : $7.30
PE Ratio GNRC : 89.10 TPL : 55.75
PS Ratio GNRC : 3.89 TPL : 33.46
PB Ratio GNRC : 6.32 TPL : 18.04
Total Revenue (TTM) GNRC : $4.33B TPL : $839.03M
Gross Profit (TTM) GNRC : $1.65B TPL : $625.27M
EBITDA (TTM) GNRC : $461.56M TPL : $690.06M

Return for Risk

GNRC vs. TPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GNRC

GNRC Risk / Return Rank: 88
GNRC Sharpe Ratio Rank: 91
GNRC Sortino Ratio Rank: 89
GNRC Omega Ratio Rank: 88
GNRC Calmar Ratio Rank: 86
GNRC Martin Ratio Rank: 84

TPL

TPL Risk / Return Rank: 46
TPL Sharpe Ratio Rank: 47
TPL Sortino Ratio Rank: 44
TPL Omega Ratio Rank: 44
TPL Calmar Ratio Rank: 47
TPL Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GNRC vs. TPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Generac Holdings Inc. (GNRC) and Texas Pacific Land Corporation (TPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GNRC	TPL	Difference
Sharpe ratio Return per unit of total volatility	2.40	0.19	+2.20
Sortino ratio Return per unit of downside risk	3.19	0.60	+2.59
Omega ratio Gain probability vs. loss probability	1.40	1.08	+0.32
Calmar ratio Return relative to maximum drawdown	3.81	0.29	+3.53
Martin ratio Return relative to average drawdown	8.58	0.55	+8.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GNRC vs. TPL - Sharpe Ratio Comparison

The current GNRC Sharpe Ratio is 2.40, which is higher than the TPL Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of GNRC and TPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GNRC	TPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	0.19	+2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.46	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.79	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.56	-0.23

Drawdowns

GNRC vs. TPL - Drawdown Comparison

The maximum GNRC drawdown since its inception was -83.75%, which is greater than TPL's maximum drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for GNRC and TPL.

Drawdown Indicators

	GNRC	TPL	Difference
Max Drawdown Largest peak-to-trough decline	-83.75%	-73.05%	-10.70%
Max Drawdown (1Y) Largest decline over 1 year	-32.77%	-31.68%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-47.76%	-52.22%	+4.46%
Max Drawdown (5Y) Largest decline over 5 years	-83.75%	-52.50%	-31.25%
Max Drawdown (10Y) Largest decline over 10 years	-83.75%	-65.46%	-18.29%
Current Drawdown Current decline from peak	-43.59%	-28.77%	-14.82%
Average Drawdown Average peak-to-trough decline	-37.72%	-27.26%	-10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.53%	16.70%	-2.17%

Volatility

GNRC vs. TPL - Volatility Comparison

Generac Holdings Inc. (GNRC) and Texas Pacific Land Corporation (TPL) have volatilities of 14.30% and 14.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GNRC	TPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.30%	14.43%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	37.84%	38.02%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	52.37%	46.51%	+5.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.02%	46.20%	+5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.04%	47.07%	-2.03%

Dividends

GNRC vs. TPL - Dividend Comparison

GNRC has not paid dividends to shareholders, while TPL's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GNRC Generac Holdings Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TPL Texas Pacific Land Corporation	0.56%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

Financials

GNRC vs. TPL - Profitability Comparison

The chart below illustrates the profitability comparison between Generac Holdings Inc. and Texas Pacific Land Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GNRC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Generac Holdings Inc. reported a gross profit of 410.24M and revenue of 1.06B. Therefore, the gross margin over that period was 38.7%.

TPL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.

GNRC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Generac Holdings Inc. reported an operating income of 117.29M and revenue of 1.06B, resulting in an operating margin of 11.1%.

TPL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.

GNRC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Generac Holdings Inc. reported a net income of 73.25M and revenue of 1.06B, resulting in a net margin of 6.9%.

TPL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.

Frequently Asked Questions

Can I hold both GNRC and TPL in my portfolio?

GNRC and TPL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GNRC or TPL?

TPL has higher volatility (14.43%) compared to GNRC (14.30%). In terms of maximum drawdown, GNRC dropped -83.75% vs TPL's -73.05%.

Which has better risk-adjusted returns?

GNRC currently has the higher Sharpe Ratio (2.40 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.