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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and GENCOR INDUSTRIES INC (GENC). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $23.6M, roughly 1.7× GENCOR INDUSTRIES INC). CODEXIS, INC. runs the higher net margin — 24.7% vs 14.6%, a 10.1% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs -25.0%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $10.1M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -23.9%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Gencor Industries Inc is a leading manufacturer of heavy construction and infrastructure equipment, specializing in asphalt production plants, thermal combustion systems, and supporting road-building machinery. It primarily serves North American and global construction markets, supplying products to both public sector infrastructure projects and private commercial construction operators.
CDXS vs GENC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $23.6M |
| Net Profit | $9.6M | $3.4M |
| Gross Margin | 94.8% | 28.7% |
| Operating Margin | 27.1% | 13.2% |
| Net Margin | 24.7% | 14.6% |
| Revenue YoY | 81.3% | -25.0% |
| Net Profit YoY | 192.5% | -9.8% |
| EPS (diluted) | $0.13 | $0.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $38.9M | $23.6M | ||
| Q3 25 | $8.6M | $18.8M | ||
| Q2 25 | $15.3M | $27.0M | ||
| Q1 25 | $7.5M | $38.2M | ||
| Q4 24 | $21.5M | $31.4M | ||
| Q3 24 | $12.8M | $20.9M | ||
| Q2 24 | $8.0M | $25.6M | ||
| Q1 24 | $17.1M | $40.7M |
| Q4 25 | $9.6M | $3.4M | ||
| Q3 25 | $-19.6M | $1.9M | ||
| Q2 25 | $-13.3M | $3.8M | ||
| Q1 25 | $-20.7M | $6.1M | ||
| Q4 24 | $-10.4M | $3.8M | ||
| Q3 24 | $-20.6M | $1.5M | ||
| Q2 24 | $-22.8M | $2.6M | ||
| Q1 24 | $-11.5M | $6.2M |
| Q4 25 | 94.8% | 28.7% | ||
| Q3 25 | 71.3% | 24.2% | ||
| Q2 25 | 86.3% | 26.5% | ||
| Q1 25 | 63.8% | 29.7% | ||
| Q4 24 | 83.0% | 27.6% | ||
| Q3 24 | 66.4% | 25.6% | ||
| Q2 24 | 56.6% | 23.9% | ||
| Q1 24 | 71.6% | 30.3% |
| Q4 25 | 27.1% | 13.2% | ||
| Q3 25 | -220.3% | -1.2% | ||
| Q2 25 | -83.9% | 11.6% | ||
| Q1 25 | -271.6% | 17.0% | ||
| Q4 24 | -34.2% | 14.7% | ||
| Q3 24 | -129.0% | 5.9% | ||
| Q2 24 | -284.9% | 7.8% | ||
| Q1 24 | -69.6% | 17.4% |
| Q4 25 | 24.7% | 14.6% | ||
| Q3 25 | -228.1% | 10.2% | ||
| Q2 25 | -86.6% | 14.2% | ||
| Q1 25 | -274.3% | 16.0% | ||
| Q4 24 | -48.4% | 12.1% | ||
| Q3 24 | -160.8% | 6.9% | ||
| Q2 24 | -285.2% | 10.0% | ||
| Q1 24 | -67.4% | 15.3% |
| Q4 25 | $0.13 | $0.23 | ||
| Q3 25 | $-0.22 | $0.13 | ||
| Q2 25 | $-0.16 | $0.26 | ||
| Q1 25 | $-0.25 | $0.42 | ||
| Q4 24 | $-0.12 | $0.26 | ||
| Q3 24 | $-0.29 | $0.10 | ||
| Q2 24 | $-0.32 | $0.17 | ||
| Q1 24 | $-0.16 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.2M | $147.7M |
| Total DebtLower is stronger | $40.1M | — |
| Stockholders' EquityBook value | $50.5M | $215.2M |
| Total Assets | $147.8M | $228.9M |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $147.7M | ||
| Q3 25 | $58.7M | $136.3M | ||
| Q2 25 | $66.3M | $136.0M | ||
| Q1 25 | $59.8M | $143.7M | ||
| Q4 24 | $73.5M | $130.1M | ||
| Q3 24 | $90.3M | $115.4M | ||
| Q2 24 | $73.2M | $116.6M | ||
| Q1 24 | $85.5M | $117.1M |
| Q4 25 | $40.1M | — | ||
| Q3 25 | $39.7M | $0 | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $29.2M | — | ||
| Q4 24 | $28.9M | — | ||
| Q3 24 | $28.6M | $0 | ||
| Q2 24 | $28.4M | — | ||
| Q1 24 | $28.1M | — |
| Q4 25 | $50.5M | $215.2M | ||
| Q3 25 | $38.5M | $211.8M | ||
| Q2 25 | $55.6M | $209.9M | ||
| Q1 25 | $49.6M | $206.1M | ||
| Q4 24 | $66.9M | $200.0M | ||
| Q3 24 | $73.4M | $196.1M | ||
| Q2 24 | $61.4M | $194.7M | ||
| Q1 24 | $79.3M | $192.1M |
| Q4 25 | $147.8M | $228.9M | ||
| Q3 25 | $124.0M | $222.6M | ||
| Q2 25 | $138.2M | $220.2M | ||
| Q1 25 | $128.9M | $223.9M | ||
| Q4 24 | $149.0M | $218.2M | ||
| Q3 24 | $148.2M | $208.1M | ||
| Q2 24 | $132.0M | $201.8M | ||
| Q1 24 | $149.6M | $206.0M |
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.03× | 0.00× | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.39× | 0.00× | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.35× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $20.1M | $11.1M |
| Free Cash FlowOCF − Capex | $19.6M | $10.1M |
| FCF MarginFCF / Revenue | 50.3% | 43.0% |
| Capex IntensityCapex / Revenue | 1.3% | 4.1% |
| Cash ConversionOCF / Net Profit | 2.09× | 3.23× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $-3.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $11.1M | ||
| Q3 25 | $-7.7M | $-275.0K | ||
| Q2 25 | $-18.0M | $-23.9M | ||
| Q1 25 | $-13.8M | $12.4M | ||
| Q4 24 | $-16.5M | $14.8M | ||
| Q3 24 | $-13.0M | $-3.2M | ||
| Q2 24 | $-12.2M | $-1.0M | ||
| Q1 24 | $-7.8M | $11.7M |
| Q4 25 | $19.6M | $10.1M | ||
| Q3 25 | $-7.9M | $-1.3M | ||
| Q2 25 | $-20.5M | $-24.4M | ||
| Q1 25 | $-15.1M | $12.3M | ||
| Q4 24 | $-18.2M | $14.5M | ||
| Q3 24 | $-14.0M | $-3.3M | ||
| Q2 24 | $-12.6M | $-1.4M | ||
| Q1 24 | $-8.9M | $11.7M |
| Q4 25 | 50.3% | 43.0% | ||
| Q3 25 | -91.7% | -6.8% | ||
| Q2 25 | -133.6% | -90.4% | ||
| Q1 25 | -199.6% | 32.2% | ||
| Q4 24 | -85.0% | 46.1% | ||
| Q3 24 | -109.0% | -15.8% | ||
| Q2 24 | -157.5% | -5.6% | ||
| Q1 24 | -52.2% | 28.7% |
| Q4 25 | 1.3% | 4.1% | ||
| Q3 25 | 2.1% | 5.4% | ||
| Q2 25 | 16.4% | 1.8% | ||
| Q1 25 | 16.7% | 0.4% | ||
| Q4 24 | 8.3% | 1.0% | ||
| Q3 24 | 7.8% | 0.4% | ||
| Q2 24 | 5.0% | 1.5% | ||
| Q1 24 | 6.6% | 0.0% |
| Q4 25 | 2.09× | 3.23× | ||
| Q3 25 | — | -0.14× | ||
| Q2 25 | — | -6.24× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | -2.22× | ||
| Q2 24 | — | -0.41× | ||
| Q1 24 | — | 1.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
