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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and GENCOR INDUSTRIES INC (GENC). Click either name above to swap in a different company.

GENCOR INDUSTRIES INC is the larger business by last-quarter revenue ($23.6M vs $13.8M, roughly 1.7× FENNEC PHARMACEUTICALS INC.). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -34.7%, a 49.3% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs -25.0%). Over the past eight quarters, GENCOR INDUSTRIES INC's revenue compounded faster (-23.9% CAGR vs -26.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

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.

FENC vs GENC — Head-to-Head

Bigger by revenue
GENC
GENC
1.7× larger
GENC
$23.6M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+98.8% gap
FENC
73.8%
-25.0%
GENC
Higher net margin
GENC
GENC
49.3% more per $
GENC
14.6%
-34.7%
FENC
Faster 2-yr revenue CAGR
GENC
GENC
Annualised
GENC
-23.9%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FENC
FENC
GENC
GENC
Revenue
$13.8M
$23.6M
Net Profit
$-4.8M
$3.4M
Gross Margin
28.7%
Operating Margin
-18.5%
13.2%
Net Margin
-34.7%
14.6%
Revenue YoY
73.8%
-25.0%
Net Profit YoY
-141.1%
-9.8%
EPS (diluted)
$-0.17
$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.

Revenue
FENC
FENC
GENC
GENC
Q4 25
$13.8M
$23.6M
Q3 25
$12.5M
$18.8M
Q2 25
$9.7M
$27.0M
Q1 25
$8.8M
$38.2M
Q4 24
$7.9M
$31.4M
Q3 24
$7.0M
$20.9M
Q2 24
$7.3M
$25.6M
Q1 24
$25.4M
$40.7M
Net Profit
FENC
FENC
GENC
GENC
Q4 25
$-4.8M
$3.4M
Q3 25
$-638.0K
$1.9M
Q2 25
$-3.2M
$3.8M
Q1 25
$-1.2M
$6.1M
Q4 24
$-2.0M
$3.8M
Q3 24
$-5.7M
$1.5M
Q2 24
$-5.6M
$2.6M
Q1 24
$12.8M
$6.2M
Gross Margin
FENC
FENC
GENC
GENC
Q4 25
28.7%
Q3 25
24.2%
Q2 25
26.5%
Q1 25
29.7%
Q4 24
27.6%
Q3 24
25.6%
Q2 24
23.9%
Q1 24
30.3%
Operating Margin
FENC
FENC
GENC
GENC
Q4 25
-18.5%
13.2%
Q3 25
-1.5%
-1.2%
Q2 25
-28.3%
11.6%
Q1 25
-9.2%
17.0%
Q4 24
-11.8%
14.7%
Q3 24
-74.6%
5.9%
Q2 24
-69.4%
7.8%
Q1 24
54.2%
17.4%
Net Margin
FENC
FENC
GENC
GENC
Q4 25
-34.7%
14.6%
Q3 25
-5.1%
10.2%
Q2 25
-32.7%
14.2%
Q1 25
-13.3%
16.0%
Q4 24
-25.0%
12.1%
Q3 24
-82.2%
6.9%
Q2 24
-76.5%
10.0%
Q1 24
50.6%
15.3%
EPS (diluted)
FENC
FENC
GENC
GENC
Q4 25
$-0.17
$0.23
Q3 25
$-0.02
$0.13
Q2 25
$-0.11
$0.26
Q1 25
$-0.04
$0.42
Q4 24
$-0.02
$0.26
Q3 24
$-0.21
$0.10
Q2 24
$-0.20
$0.17
Q1 24
$0.41
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FENC
FENC
GENC
GENC
Cash + ST InvestmentsLiquidity on hand
$36.8M
$147.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$215.2M
Total Assets
$70.6M
$228.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
GENC
GENC
Q4 25
$36.8M
$147.7M
Q3 25
$21.9M
$136.3M
Q2 25
$18.7M
$136.0M
Q1 25
$22.7M
$143.7M
Q4 24
$26.6M
$130.1M
Q3 24
$40.3M
$115.4M
Q2 24
$43.1M
$116.6M
Q1 24
$51.2M
$117.1M
Total Debt
FENC
FENC
GENC
GENC
Q4 25
Q3 25
$19.4M
$0
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
$0
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
GENC
GENC
Q4 25
$35.5M
$215.2M
Q3 25
$-4.5M
$211.8M
Q2 25
$-7.5M
$209.9M
Q1 25
$-5.9M
$206.1M
Q4 24
$-5.9M
$200.0M
Q3 24
$-5.2M
$196.1M
Q2 24
$-1.4M
$194.7M
Q1 24
$3.0M
$192.1M
Total Assets
FENC
FENC
GENC
GENC
Q4 25
$70.6M
$228.9M
Q3 25
$49.3M
$222.6M
Q2 25
$44.9M
$220.2M
Q1 25
$46.4M
$223.9M
Q4 24
$44.9M
$218.2M
Q3 24
$58.9M
$208.1M
Q2 24
$63.2M
$201.8M
Q1 24
$69.2M
$206.0M
Debt / Equity
FENC
FENC
GENC
GENC
Q4 25
Q3 25
0.00×
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FENC
FENC
GENC
GENC
Operating Cash FlowLast quarter
$-6.0M
$11.1M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
43.0%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.23×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
GENC
GENC
Q4 25
$-6.0M
$11.1M
Q3 25
$1.5M
$-275.0K
Q2 25
$-3.7M
$-23.9M
Q1 25
$-4.3M
$12.4M
Q4 24
$-1.5M
$14.8M
Q3 24
$-2.2M
$-3.2M
Q2 24
$-8.4M
$-1.0M
Q1 24
$39.0M
$11.7M
Free Cash Flow
FENC
FENC
GENC
GENC
Q4 25
$10.1M
Q3 25
$-1.3M
Q2 25
$-24.4M
Q1 25
$12.3M
Q4 24
$14.5M
Q3 24
$-3.3M
Q2 24
$-1.4M
Q1 24
$11.7M
FCF Margin
FENC
FENC
GENC
GENC
Q4 25
43.0%
Q3 25
-6.8%
Q2 25
-90.4%
Q1 25
32.2%
Q4 24
46.1%
Q3 24
-15.8%
Q2 24
-5.6%
Q1 24
28.7%
Capex Intensity
FENC
FENC
GENC
GENC
Q4 25
4.1%
Q3 25
5.4%
Q2 25
1.8%
Q1 25
0.4%
Q4 24
1.0%
Q3 24
0.4%
Q2 24
1.5%
Q1 24
0.0%
Cash Conversion
FENC
FENC
GENC
GENC
Q4 25
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
3.04×
1.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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