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Side-by-side financial comparison of GENCOR INDUSTRIES INC (GENC) and Heartflow, Inc. (HTFL). Click either name above to swap in a different company.

Heartflow, Inc. is the larger business by last-quarter revenue ($46.3M vs $23.6M, roughly 2.0× GENCOR INDUSTRIES INC). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -109.9%, a 124.5% gap on every dollar of revenue. GENCOR INDUSTRIES INC produced more free cash flow last quarter ($10.1M vs $-4.2M).

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.

HeartFlow, Inc. develops non-invasive cardiovascular diagnostic solutions for global healthcare providers. Its core product uses CT scan data to build 3D coronary artery models, assess blood flow to detect blockages, and support clinicians in making personalized heart disease treatment decisions without invasive procedures.

GENC vs HTFL — Head-to-Head

Bigger by revenue
HTFL
HTFL
2.0× larger
HTFL
$46.3M
$23.6M
GENC
Higher net margin
GENC
GENC
124.5% more per $
GENC
14.6%
-109.9%
HTFL
More free cash flow
GENC
GENC
$14.3M more FCF
GENC
$10.1M
$-4.2M
HTFL

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
GENC
GENC
HTFL
HTFL
Revenue
$23.6M
$46.3M
Net Profit
$3.4M
$-50.9M
Gross Margin
28.7%
76.5%
Operating Margin
13.2%
-32.6%
Net Margin
14.6%
-109.9%
Revenue YoY
-25.0%
Net Profit YoY
-9.8%
EPS (diluted)
$0.23
$-1.04

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
GENC
GENC
HTFL
HTFL
Q4 25
$23.6M
Q3 25
$18.8M
$46.3M
Q2 25
$27.0M
$43.4M
Q1 25
$38.2M
Q4 24
$31.4M
Q3 24
$20.9M
Q2 24
$25.6M
Q1 24
$40.7M
Net Profit
GENC
GENC
HTFL
HTFL
Q4 25
$3.4M
Q3 25
$1.9M
$-50.9M
Q2 25
$3.8M
$-9.2M
Q1 25
$6.1M
Q4 24
$3.8M
Q3 24
$1.5M
Q2 24
$2.6M
Q1 24
$6.2M
Gross Margin
GENC
GENC
HTFL
HTFL
Q4 25
28.7%
Q3 25
24.2%
76.5%
Q2 25
26.5%
75.5%
Q1 25
29.7%
Q4 24
27.6%
Q3 24
25.6%
Q2 24
23.9%
Q1 24
30.3%
Operating Margin
GENC
GENC
HTFL
HTFL
Q4 25
13.2%
Q3 25
-1.2%
-32.6%
Q2 25
11.6%
-31.6%
Q1 25
17.0%
Q4 24
14.7%
Q3 24
5.9%
Q2 24
7.8%
Q1 24
17.4%
Net Margin
GENC
GENC
HTFL
HTFL
Q4 25
14.6%
Q3 25
10.2%
-109.9%
Q2 25
14.2%
-21.2%
Q1 25
16.0%
Q4 24
12.1%
Q3 24
6.9%
Q2 24
10.0%
Q1 24
15.3%
EPS (diluted)
GENC
GENC
HTFL
HTFL
Q4 25
$0.23
Q3 25
$0.13
$-1.04
Q2 25
$0.26
$-1.46
Q1 25
$0.42
Q4 24
$0.26
Q3 24
$0.10
Q2 24
$0.17
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
HTFL
HTFL
Cash + ST InvestmentsLiquidity on hand
$147.7M
$291.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$254.6M
Total Assets
$228.9M
$364.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
HTFL
HTFL
Q4 25
$147.7M
Q3 25
$136.3M
$291.2M
Q2 25
$136.0M
$80.2M
Q1 25
$143.7M
Q4 24
$130.1M
Q3 24
$115.4M
Q2 24
$116.6M
Q1 24
$117.1M
Total Debt
GENC
GENC
HTFL
HTFL
Q4 25
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
Q1 24
Stockholders' Equity
GENC
GENC
HTFL
HTFL
Q4 25
$215.2M
Q3 25
$211.8M
$254.6M
Q2 25
$209.9M
$-894.8M
Q1 25
$206.1M
Q4 24
$200.0M
Q3 24
$196.1M
Q2 24
$194.7M
Q1 24
$192.1M
Total Assets
GENC
GENC
HTFL
HTFL
Q4 25
$228.9M
Q3 25
$222.6M
$364.4M
Q2 25
$220.2M
$159.4M
Q1 25
$223.9M
Q4 24
$218.2M
Q3 24
$208.1M
Q2 24
$201.8M
Q1 24
$206.0M
Debt / Equity
GENC
GENC
HTFL
HTFL
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
GENC
GENC
HTFL
HTFL
Operating Cash FlowLast quarter
$11.1M
$-3.0M
Free Cash FlowOCF − Capex
$10.1M
$-4.2M
FCF MarginFCF / Revenue
43.0%
-9.1%
Capex IntensityCapex / Revenue
4.1%
2.7%
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
GENC
GENC
HTFL
HTFL
Q4 25
$11.1M
Q3 25
$-275.0K
$-3.0M
Q2 25
$-23.9M
$-40.5M
Q1 25
$12.4M
Q4 24
$14.8M
Q3 24
$-3.2M
Q2 24
$-1.0M
Q1 24
$11.7M
Free Cash Flow
GENC
GENC
HTFL
HTFL
Q4 25
$10.1M
Q3 25
$-1.3M
$-4.2M
Q2 25
$-24.4M
$-42.4M
Q1 25
$12.3M
Q4 24
$14.5M
Q3 24
$-3.3M
Q2 24
$-1.4M
Q1 24
$11.7M
FCF Margin
GENC
GENC
HTFL
HTFL
Q4 25
43.0%
Q3 25
-6.8%
-9.1%
Q2 25
-90.4%
-97.6%
Q1 25
32.2%
Q4 24
46.1%
Q3 24
-15.8%
Q2 24
-5.6%
Q1 24
28.7%
Capex Intensity
GENC
GENC
HTFL
HTFL
Q4 25
4.1%
Q3 25
5.4%
2.7%
Q2 25
1.8%
4.4%
Q1 25
0.4%
Q4 24
1.0%
Q3 24
0.4%
Q2 24
1.5%
Q1 24
0.0%
Cash Conversion
GENC
GENC
HTFL
HTFL
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.

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