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

ImmunityBio, Inc. is the larger business by last-quarter revenue ($38.3M vs $23.6M, roughly 1.6× GENCOR INDUSTRIES INC). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -161.8%, a 176.4% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs -25.0%). GENCOR INDUSTRIES INC produced more free cash flow last quarter ($10.1M vs $-71.3M).

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.

ImmunityBio, Inc. is a clinical-stage biotechnology company focused on developing next-generation immunotherapies and vaccine candidates targeting multiple cancer types and infectious diseases. It operates mainly in the U.S. market, with core R&D segments including cell therapy, antibody therapeutics, and targeted vaccine platforms designed to enhance patient treatment outcomes.

GENC vs IBRX — Head-to-Head

Bigger by revenue
IBRX
IBRX
1.6× larger
IBRX
$38.3M
$23.6M
GENC
Growing faster (revenue YoY)
IBRX
IBRX
+431.9% gap
IBRX
407.0%
-25.0%
GENC
Higher net margin
GENC
GENC
176.4% more per $
GENC
14.6%
-161.8%
IBRX
More free cash flow
GENC
GENC
$81.4M more FCF
GENC
$10.1M
$-71.3M
IBRX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GENC
GENC
IBRX
IBRX
Revenue
$23.6M
$38.3M
Net Profit
$3.4M
$-61.9M
Gross Margin
28.7%
99.0%
Operating Margin
13.2%
-169.0%
Net Margin
14.6%
-161.8%
Revenue YoY
-25.0%
407.0%
Net Profit YoY
-9.8%
-4.7%
EPS (diluted)
$0.23
$-0.06

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
IBRX
IBRX
Q4 25
$23.6M
$38.3M
Q3 25
$18.8M
$32.1M
Q2 25
$27.0M
$26.4M
Q1 25
$38.2M
$16.5M
Q4 24
$31.4M
$7.6M
Q3 24
$20.9M
$6.1M
Q2 24
$25.6M
Q1 24
$40.7M
Net Profit
GENC
GENC
IBRX
IBRX
Q4 25
$3.4M
$-61.9M
Q3 25
$1.9M
$-67.3M
Q2 25
$3.8M
$-92.6M
Q1 25
$6.1M
$-129.6M
Q4 24
$3.8M
$-59.2M
Q3 24
$1.5M
$-85.7M
Q2 24
$2.6M
Q1 24
$6.2M
Gross Margin
GENC
GENC
IBRX
IBRX
Q4 25
28.7%
99.0%
Q3 25
24.2%
99.4%
Q2 25
26.5%
99.5%
Q1 25
29.7%
99.6%
Q4 24
27.6%
Q3 24
25.6%
Q2 24
23.9%
Q1 24
30.3%
Operating Margin
GENC
GENC
IBRX
IBRX
Q4 25
13.2%
-169.0%
Q3 25
-1.2%
-173.5%
Q2 25
11.6%
-269.8%
Q1 25
17.0%
-390.1%
Q4 24
14.7%
-919.0%
Q3 24
5.9%
-1314.3%
Q2 24
7.8%
Q1 24
17.4%
Net Margin
GENC
GENC
IBRX
IBRX
Q4 25
14.6%
-161.8%
Q3 25
10.2%
-209.8%
Q2 25
14.2%
-350.3%
Q1 25
16.0%
-784.9%
Q4 24
12.1%
-783.4%
Q3 24
6.9%
-1404.0%
Q2 24
10.0%
Q1 24
15.3%
EPS (diluted)
GENC
GENC
IBRX
IBRX
Q4 25
$0.23
$-0.06
Q3 25
$0.13
$-0.07
Q2 25
$0.26
$-0.10
Q1 25
$0.42
$-0.15
Q4 24
$0.26
$-0.08
Q3 24
$0.10
$-0.14
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
IBRX
IBRX
Cash + ST InvestmentsLiquidity on hand
$147.7M
$242.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$-500.5M
Total Assets
$228.9M
$501.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
IBRX
IBRX
Q4 25
$147.7M
$242.8M
Q3 25
$136.3M
$257.8M
Q2 25
$136.0M
$153.7M
Q1 25
$143.7M
$61.6M
Q4 24
$130.1M
$149.8M
Q3 24
$115.4M
$130.4M
Q2 24
$116.6M
Q1 24
$117.1M
Total Debt
GENC
GENC
IBRX
IBRX
Q4 25
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
Q1 24
Stockholders' Equity
GENC
GENC
IBRX
IBRX
Q4 25
$215.2M
$-500.5M
Q3 25
$211.8M
$-524.3M
Q2 25
$209.9M
$-570.7M
Q1 25
$206.1M
$-591.4M
Q4 24
$200.0M
$-489.1M
Q3 24
$196.1M
$-745.1M
Q2 24
$194.7M
Q1 24
$192.1M
Total Assets
GENC
GENC
IBRX
IBRX
Q4 25
$228.9M
$501.9M
Q3 25
$222.6M
$519.0M
Q2 25
$220.2M
$402.1M
Q1 25
$223.9M
$303.8M
Q4 24
$218.2M
$382.9M
Q3 24
$208.1M
$364.6M
Q2 24
$201.8M
Q1 24
$206.0M
Debt / Equity
GENC
GENC
IBRX
IBRX
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
IBRX
IBRX
Operating Cash FlowLast quarter
$11.1M
$-70.4M
Free Cash FlowOCF − Capex
$10.1M
$-71.3M
FCF MarginFCF / Revenue
43.0%
-186.2%
Capex IntensityCapex / Revenue
4.1%
2.4%
Cash ConversionOCF / Net Profit
3.23×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M
$-308.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
IBRX
IBRX
Q4 25
$11.1M
$-70.4M
Q3 25
$-275.0K
$-68.9M
Q2 25
$-23.9M
$-79.7M
Q1 25
$12.4M
$-85.9M
Q4 24
$14.8M
$-85.1M
Q3 24
$-3.2M
$-98.8M
Q2 24
$-1.0M
Q1 24
$11.7M
Free Cash Flow
GENC
GENC
IBRX
IBRX
Q4 25
$10.1M
$-71.3M
Q3 25
$-1.3M
$-69.6M
Q2 25
$-24.4M
$-80.8M
Q1 25
$12.3M
$-87.0M
Q4 24
$14.5M
$-87.3M
Q3 24
$-3.3M
$-101.6M
Q2 24
$-1.4M
Q1 24
$11.7M
FCF Margin
GENC
GENC
IBRX
IBRX
Q4 25
43.0%
-186.2%
Q3 25
-6.8%
-217.2%
Q2 25
-90.4%
-305.9%
Q1 25
32.2%
-526.9%
Q4 24
46.1%
-1155.4%
Q3 24
-15.8%
-1663.2%
Q2 24
-5.6%
Q1 24
28.7%
Capex Intensity
GENC
GENC
IBRX
IBRX
Q4 25
4.1%
2.4%
Q3 25
5.4%
2.3%
Q2 25
1.8%
4.1%
Q1 25
0.4%
6.8%
Q4 24
1.0%
28.0%
Q3 24
0.4%
45.7%
Q2 24
1.5%
Q1 24
0.0%
Cash Conversion
GENC
GENC
IBRX
IBRX
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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