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Side-by-side financial comparison of Forward Industries, Inc. (FWDI) 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 $21.4M, roughly 1.1× Forward Industries, Inc.). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -2732.2%, a 2746.8% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs -25.0%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs -23.9%).
Melrose Industries plc is a British aerospace manufacturing company based in Birmingham, England. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
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.
FWDI vs GENC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.4M | $23.6M |
| Net Profit | $-585.7M | $3.4M |
| Gross Margin | 78.6% | 28.7% |
| Operating Margin | -2722.8% | 13.2% |
| Net Margin | -2732.2% | 14.6% |
| Revenue YoY | 224.0% | -25.0% |
| Net Profit YoY | -82611.5% | -9.8% |
| EPS (diluted) | $-5.91 | $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 | $21.4M | $23.6M | ||
| Q3 25 | $7.9M | $18.8M | ||
| Q2 25 | $2.5M | $27.0M | ||
| Q1 25 | $3.1M | $38.2M | ||
| Q4 24 | $6.6M | $31.4M | ||
| Q3 24 | — | $20.9M | ||
| Q2 24 | $7.8M | $25.6M | ||
| Q1 24 | $5.1M | $40.7M |
| Q4 25 | $-585.7M | $3.4M | ||
| Q3 25 | $-164.0M | $1.9M | ||
| Q2 25 | $-850.0K | $3.8M | ||
| Q1 25 | $-1.5M | $6.1M | ||
| Q4 24 | $-708.1K | $3.8M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | $-399.6K | $2.6M | ||
| Q1 24 | $-553.2K | $6.2M |
| Q4 25 | 78.6% | 28.7% | ||
| Q3 25 | 61.1% | 24.2% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | -5.7% | 29.7% | ||
| Q4 24 | 17.1% | 27.6% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | 16.8% | 23.9% | ||
| Q1 24 | 26.2% | 30.3% |
| Q4 25 | -2722.8% | 13.2% | ||
| Q3 25 | -39.2% | -1.2% | ||
| Q2 25 | -102.6% | 11.6% | ||
| Q1 25 | -58.3% | 17.0% | ||
| Q4 24 | -13.6% | 14.7% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | -5.9% | 7.8% | ||
| Q1 24 | -12.2% | 17.4% |
| Q4 25 | -2732.2% | 14.6% | ||
| Q3 25 | -2063.6% | 10.2% | ||
| Q2 25 | -34.1% | 14.2% | ||
| Q1 25 | -46.5% | 16.0% | ||
| Q4 24 | -10.7% | 12.1% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | -5.1% | 10.0% | ||
| Q1 24 | -10.9% | 15.3% |
| Q4 25 | $-5.91 | $0.23 | ||
| Q3 25 | $-21.86 | $0.13 | ||
| Q2 25 | $-0.77 | $0.26 | ||
| Q1 25 | $-1.32 | $0.42 | ||
| Q4 24 | $-0.64 | $0.26 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | $-0.36 | $0.17 | ||
| Q1 24 | $-0.50 | $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 | — | $147.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $880.9M | $215.2M |
| Total Assets | $892.9M | $228.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $880.9M | $215.2M | ||
| Q3 25 | $1.5B | $211.8M | ||
| Q2 25 | $3.4M | $209.9M | ||
| Q1 25 | $3.6M | $206.1M | ||
| Q4 24 | $2.3M | $200.0M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | $1.4M | $194.7M | ||
| Q1 24 | $1.8M | $192.1M |
| Q4 25 | $892.9M | $228.9M | ||
| Q3 25 | $1.5B | $222.6M | ||
| Q2 25 | $8.3M | $220.2M | ||
| Q1 25 | $12.3M | $223.9M | ||
| Q4 24 | — | $218.2M | ||
| Q3 24 | — | $208.1M | ||
| Q2 24 | $15.2M | $201.8M | ||
| Q1 24 | $15.2M | $206.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-7.9M | $11.1M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 43.0% |
| Capex IntensityCapex / Revenue | 0.0% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.23× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $11.1M | ||
| Q3 25 | $-4.5M | $-275.0K | ||
| Q2 25 | $-1.2M | $-23.9M | ||
| Q1 25 | $-537.6K | $12.4M | ||
| Q4 24 | $-434.3K | $14.8M | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | $436.0K | $-1.0M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | $-4.5M | $-1.3M | ||
| Q2 25 | $-1.2M | $-24.4M | ||
| Q1 25 | $-539.0K | $12.3M | ||
| Q4 24 | $-439.7K | $14.5M | ||
| Q3 24 | — | $-3.3M | ||
| Q2 24 | $426.8K | $-1.4M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | — | 43.0% | ||
| Q3 25 | -57.0% | -6.8% | ||
| Q2 25 | -50.0% | -90.4% | ||
| Q1 25 | -17.3% | 32.2% | ||
| Q4 24 | -6.6% | 46.1% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | 5.5% | -5.6% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.3% | 5.4% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.0% | 0.4% | ||
| Q4 24 | 0.1% | 1.0% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | 0.1% | 1.5% | ||
| Q1 24 | — | 0.0% |
| 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 | — | 1.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FWDI
| CODM | $17.4M | 81% |
| Design Segment | $4.1M | 19% |
GENC
Segment breakdown not available.
