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Side-by-side financial comparison of Farmland Partners Inc. (FPI) 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 $20.7M, roughly 1.1× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 14.6%, a 88.8% gap on every dollar of revenue. On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -25.0%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -23.9%).

Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.

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.

FPI vs GENC — Head-to-Head

Bigger by revenue
GENC
GENC
1.1× larger
GENC
$23.6M
$20.7M
FPI
Growing faster (revenue YoY)
FPI
FPI
+21.4% gap
FPI
-3.5%
-25.0%
GENC
Higher net margin
FPI
FPI
88.8% more per $
FPI
103.4%
14.6%
GENC
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
-23.9%
GENC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FPI
FPI
GENC
GENC
Revenue
$20.7M
$23.6M
Net Profit
$21.4M
$3.4M
Gross Margin
28.7%
Operating Margin
13.2%
Net Margin
103.4%
14.6%
Revenue YoY
-3.5%
-25.0%
Net Profit YoY
-63.5%
-9.8%
EPS (diluted)
$0.44
$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
FPI
FPI
GENC
GENC
Q4 25
$20.7M
$23.6M
Q3 25
$11.3M
$18.8M
Q2 25
$10.0M
$27.0M
Q1 25
$10.3M
$38.2M
Q4 24
$21.5M
$31.4M
Q3 24
$13.3M
$20.9M
Q2 24
$11.4M
$25.6M
Q1 24
$12.0M
$40.7M
Net Profit
FPI
FPI
GENC
GENC
Q4 25
$21.4M
$3.4M
Q3 25
$483.0K
$1.9M
Q2 25
$7.6M
$3.8M
Q1 25
$2.0M
$6.1M
Q4 24
$58.7M
$3.8M
Q3 24
$1.8M
$1.5M
Q2 24
$-2.0M
$2.6M
Q1 24
$1.4M
$6.2M
Gross Margin
FPI
FPI
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
FPI
FPI
GENC
GENC
Q4 25
13.2%
Q3 25
4.3%
-1.2%
Q2 25
78.2%
11.6%
Q1 25
20.6%
17.0%
Q4 24
14.7%
Q3 24
13.9%
5.9%
Q2 24
-17.9%
7.8%
Q1 24
11.9%
17.4%
Net Margin
FPI
FPI
GENC
GENC
Q4 25
103.4%
14.6%
Q3 25
4.3%
10.2%
Q2 25
76.3%
14.2%
Q1 25
19.9%
16.0%
Q4 24
273.6%
12.1%
Q3 24
13.5%
6.9%
Q2 24
-17.5%
10.0%
Q1 24
11.5%
15.3%
EPS (diluted)
FPI
FPI
GENC
GENC
Q4 25
$0.44
$0.23
Q3 25
$0.00
$0.13
Q2 25
$0.14
$0.26
Q1 25
$0.03
$0.42
Q4 24
$1.09
$0.26
Q3 24
$0.02
$0.10
Q2 24
$-0.06
$0.17
Q1 24
$0.01
$0.42

Balance Sheet & Financial Strength

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

Metric
FPI
FPI
GENC
GENC
Cash + ST InvestmentsLiquidity on hand
$147.7M
Total DebtLower is stronger
$161.6M
Stockholders' EquityBook value
$467.4M
$215.2M
Total Assets
$719.1M
$228.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
GENC
GENC
Q4 25
$147.7M
Q3 25
$136.3M
Q2 25
$136.0M
Q1 25
$143.7M
Q4 24
$130.1M
Q3 24
$115.4M
Q2 24
$116.6M
Q1 24
$117.1M
Total Debt
FPI
FPI
GENC
GENC
Q4 25
$161.6M
Q3 25
$170.4M
$0
Q2 25
$193.4M
Q1 25
$202.6M
Q4 24
$204.6M
Q3 24
$394.0M
$0
Q2 24
$393.0M
Q1 24
$383.0M
Stockholders' Equity
FPI
FPI
GENC
GENC
Q4 25
$467.4M
$215.2M
Q3 25
$457.3M
$211.8M
Q2 25
$473.5M
$209.9M
Q1 25
$492.2M
$206.1M
Q4 24
$494.6M
$200.0M
Q3 24
$519.4M
$196.1M
Q2 24
$521.5M
$194.7M
Q1 24
$526.7M
$192.1M
Total Assets
FPI
FPI
GENC
GENC
Q4 25
$719.1M
$228.9M
Q3 25
$738.5M
$222.6M
Q2 25
$776.7M
$220.2M
Q1 25
$810.5M
$223.9M
Q4 24
$869.6M
$218.2M
Q3 24
$1.0B
$208.1M
Q2 24
$1.0B
$201.8M
Q1 24
$1.0B
$206.0M
Debt / Equity
FPI
FPI
GENC
GENC
Q4 25
0.35×
Q3 25
0.37×
0.00×
Q2 25
0.41×
Q1 25
0.41×
Q4 24
0.41×
Q3 24
0.76×
0.00×
Q2 24
0.75×
Q1 24
0.73×

Cash Flow & Capital Efficiency

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

Metric
FPI
FPI
GENC
GENC
Operating Cash FlowLast quarter
$17.4M
$11.1M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
43.0%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
0.81×
3.23×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
GENC
GENC
Q4 25
$17.4M
$11.1M
Q3 25
$-2.0M
$-275.0K
Q2 25
$-2.2M
$-23.9M
Q1 25
$6.4M
$12.4M
Q4 24
$16.1M
$14.8M
Q3 24
$-4.3M
$-3.2M
Q2 24
$-6.1M
$-1.0M
Q1 24
$11.9M
$11.7M
Free Cash Flow
FPI
FPI
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
FPI
FPI
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
FPI
FPI
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
FPI
FPI
GENC
GENC
Q4 25
0.81×
3.23×
Q3 25
-4.04×
-0.14×
Q2 25
-0.29×
-6.24×
Q1 25
3.12×
2.04×
Q4 24
0.27×
3.88×
Q3 24
-2.39×
-2.22×
Q2 24
-0.41×
Q1 24
8.66×
1.87×

Financial Flow Comparison

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

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