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

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $23.6M, roughly 1.0× GENCOR INDUSTRIES INC). LCNB CORP runs the higher net margin — 23.7% vs 14.6%, a 9.1% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -25.0%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $10.1M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% CAGR vs -23.9%).

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.

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

GENC vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.0× larger
LCNB
$23.9M
$23.6M
GENC
Growing faster (revenue YoY)
LCNB
LCNB
+30.0% gap
LCNB
5.1%
-25.0%
GENC
Higher net margin
LCNB
LCNB
9.1% more per $
LCNB
23.7%
14.6%
GENC
More free cash flow
LCNB
LCNB
$23.3M more FCF
LCNB
$33.4M
$10.1M
GENC
Faster 2-yr revenue CAGR
LCNB
LCNB
Annualised
LCNB
15.7%
-23.9%
GENC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GENC
GENC
LCNB
LCNB
Revenue
$23.6M
$23.9M
Net Profit
$3.4M
$5.7M
Gross Margin
28.7%
Operating Margin
13.2%
29.2%
Net Margin
14.6%
23.7%
Revenue YoY
-25.0%
5.1%
Net Profit YoY
-9.8%
-7.6%
EPS (diluted)
$0.23
$0.40

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
LCNB
LCNB
Q4 25
$23.6M
$23.9M
Q3 25
$18.8M
$23.8M
Q2 25
$27.0M
$22.8M
Q1 25
$38.2M
$21.5M
Q4 24
$31.4M
$22.7M
Q3 24
$20.9M
$21.4M
Q2 24
$25.6M
$19.3M
Q1 24
$40.7M
$17.8M
Net Profit
GENC
GENC
LCNB
LCNB
Q4 25
$3.4M
$5.7M
Q3 25
$1.9M
$6.9M
Q2 25
$3.8M
$5.9M
Q1 25
$6.1M
$4.6M
Q4 24
$3.8M
$6.1M
Q3 24
$1.5M
$4.5M
Q2 24
$2.6M
$925.0K
Q1 24
$6.2M
$1.9M
Gross Margin
GENC
GENC
LCNB
LCNB
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
GENC
GENC
LCNB
LCNB
Q4 25
13.2%
29.2%
Q3 25
-1.2%
35.6%
Q2 25
11.6%
31.6%
Q1 25
17.0%
25.6%
Q4 24
14.7%
32.9%
Q3 24
5.9%
24.9%
Q2 24
7.8%
4.9%
Q1 24
17.4%
12.5%
Net Margin
GENC
GENC
LCNB
LCNB
Q4 25
14.6%
23.7%
Q3 25
10.2%
29.1%
Q2 25
14.2%
26.0%
Q1 25
16.0%
21.4%
Q4 24
12.1%
27.0%
Q3 24
6.9%
21.2%
Q2 24
10.0%
4.8%
Q1 24
15.3%
10.7%
EPS (diluted)
GENC
GENC
LCNB
LCNB
Q4 25
$0.23
$0.40
Q3 25
$0.13
$0.49
Q2 25
$0.26
$0.41
Q1 25
$0.42
$0.33
Q4 24
$0.26
$0.44
Q3 24
$0.10
$0.31
Q2 24
$0.17
$0.07
Q1 24
$0.42
$0.15

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$147.7M
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$215.2M
$273.9M
Total Assets
$228.9M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
LCNB
LCNB
Q4 25
$147.7M
$21.6M
Q3 25
$136.3M
$35.9M
Q2 25
$136.0M
$49.8M
Q1 25
$143.7M
$37.7M
Q4 24
$130.1M
$35.7M
Q3 24
$115.4M
$39.4M
Q2 24
$116.6M
$34.9M
Q1 24
$117.1M
$33.0M
Total Debt
GENC
GENC
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$0
$104.7M
Q2 25
$105.0M
Q1 25
$104.6M
Q4 24
$155.2M
Q3 24
$0
$155.7M
Q2 24
$162.2M
Q1 24
$162.6M
Stockholders' Equity
GENC
GENC
LCNB
LCNB
Q4 25
$215.2M
$273.9M
Q3 25
$211.8M
$269.9M
Q2 25
$209.9M
$263.5M
Q1 25
$206.1M
$258.7M
Q4 24
$200.0M
$253.0M
Q3 24
$196.1M
$253.2M
Q2 24
$194.7M
$245.2M
Q1 24
$192.1M
$233.7M
Total Assets
GENC
GENC
LCNB
LCNB
Q4 25
$228.9M
$2.2B
Q3 25
$222.6M
$2.2B
Q2 25
$220.2M
$2.3B
Q1 25
$223.9M
$2.3B
Q4 24
$218.2M
$2.3B
Q3 24
$208.1M
$2.3B
Q2 24
$201.8M
$2.4B
Q1 24
$206.0M
$2.3B
Debt / Equity
GENC
GENC
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.00×
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.00×
0.61×
Q2 24
0.66×
Q1 24
0.70×

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
LCNB
LCNB
Operating Cash FlowLast quarter
$11.1M
$34.4M
Free Cash FlowOCF − Capex
$10.1M
$33.4M
FCF MarginFCF / Revenue
43.0%
140.2%
Capex IntensityCapex / Revenue
4.1%
4.0%
Cash ConversionOCF / Net Profit
3.23×
6.08×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
LCNB
LCNB
Q4 25
$11.1M
$34.4M
Q3 25
$-275.0K
$14.0M
Q2 25
$-23.9M
$5.5M
Q1 25
$12.4M
$2.2M
Q4 24
$14.8M
$93.2M
Q3 24
$-3.2M
$11.9M
Q2 24
$-1.0M
$54.9M
Q1 24
$11.7M
$-11.9M
Free Cash Flow
GENC
GENC
LCNB
LCNB
Q4 25
$10.1M
$33.4M
Q3 25
$-1.3M
$13.7M
Q2 25
$-24.4M
$5.2M
Q1 25
$12.3M
$2.1M
Q4 24
$14.5M
$89.4M
Q3 24
$-3.3M
$10.5M
Q2 24
$-1.4M
$53.8M
Q1 24
$11.7M
$-12.8M
FCF Margin
GENC
GENC
LCNB
LCNB
Q4 25
43.0%
140.2%
Q3 25
-6.8%
57.4%
Q2 25
-90.4%
23.0%
Q1 25
32.2%
10.0%
Q4 24
46.1%
394.0%
Q3 24
-15.8%
49.0%
Q2 24
-5.6%
278.6%
Q1 24
28.7%
-71.8%
Capex Intensity
GENC
GENC
LCNB
LCNB
Q4 25
4.1%
4.0%
Q3 25
5.4%
1.3%
Q2 25
1.8%
1.0%
Q1 25
0.4%
0.3%
Q4 24
1.0%
16.7%
Q3 24
0.4%
6.7%
Q2 24
1.5%
5.9%
Q1 24
0.0%
4.8%
Cash Conversion
GENC
GENC
LCNB
LCNB
Q4 25
3.23×
6.08×
Q3 25
-0.14×
2.02×
Q2 25
-6.24×
0.92×
Q1 25
2.04×
0.48×
Q4 24
3.88×
15.23×
Q3 24
-2.22×
2.63×
Q2 24
-0.41×
59.35×
Q1 24
1.87×
-6.24×

Financial Flow Comparison

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

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