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

GENCOR INDUSTRIES INC is the larger business by last-quarter revenue ($23.6M vs $13.3M, roughly 1.8× OCULAR THERAPEUTIX, INC). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -488.0%, a 502.6% gap on every dollar of revenue. On growth, OCULAR THERAPEUTIX, INC posted the faster year-over-year revenue change (-22.4% vs -25.0%). GENCOR INDUSTRIES INC produced more free cash flow last quarter ($10.1M vs $-57.1M). Over the past eight quarters, OCULAR THERAPEUTIX, INC's revenue compounded faster (-5.3% 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.

Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.

GENC vs OCUL — Head-to-Head

Bigger by revenue
GENC
GENC
1.8× larger
GENC
$23.6M
$13.3M
OCUL
Growing faster (revenue YoY)
OCUL
OCUL
+2.5% gap
OCUL
-22.4%
-25.0%
GENC
Higher net margin
GENC
GENC
502.6% more per $
GENC
14.6%
-488.0%
OCUL
More free cash flow
GENC
GENC
$67.2M more FCF
GENC
$10.1M
$-57.1M
OCUL
Faster 2-yr revenue CAGR
OCUL
OCUL
Annualised
OCUL
-5.3%
-23.9%
GENC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GENC
GENC
OCUL
OCUL
Revenue
$23.6M
$13.3M
Net Profit
$3.4M
$-64.7M
Gross Margin
28.7%
88.0%
Operating Margin
13.2%
-526.5%
Net Margin
14.6%
-488.0%
Revenue YoY
-25.0%
-22.4%
Net Profit YoY
-9.8%
-33.6%
EPS (diluted)
$0.23
$-0.27

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
OCUL
OCUL
Q4 25
$23.6M
$13.3M
Q3 25
$18.8M
$14.5M
Q2 25
$27.0M
$13.5M
Q1 25
$38.2M
$10.7M
Q4 24
$31.4M
$17.1M
Q3 24
$20.9M
$15.4M
Q2 24
$25.6M
$16.4M
Q1 24
$40.7M
$14.8M
Net Profit
GENC
GENC
OCUL
OCUL
Q4 25
$3.4M
$-64.7M
Q3 25
$1.9M
$-69.4M
Q2 25
$3.8M
$-67.8M
Q1 25
$6.1M
$-64.1M
Q4 24
$3.8M
$-48.4M
Q3 24
$1.5M
$-36.5M
Q2 24
$2.6M
$-43.8M
Q1 24
$6.2M
$-64.8M
Gross Margin
GENC
GENC
OCUL
OCUL
Q4 25
28.7%
88.0%
Q3 25
24.2%
87.8%
Q2 25
26.5%
85.6%
Q1 25
29.7%
88.2%
Q4 24
27.6%
92.8%
Q3 24
25.6%
89.9%
Q2 24
23.9%
90.8%
Q1 24
30.3%
91.0%
Operating Margin
GENC
GENC
OCUL
OCUL
Q4 25
13.2%
-526.5%
Q3 25
-1.2%
-472.3%
Q2 25
11.6%
-502.6%
Q1 25
17.0%
-597.5%
Q4 24
14.7%
-296.1%
Q3 24
5.9%
-298.2%
Q2 24
7.8%
-265.1%
Q1 24
17.4%
-214.0%
Net Margin
GENC
GENC
OCUL
OCUL
Q4 25
14.6%
-488.0%
Q3 25
10.2%
-477.3%
Q2 25
14.2%
-503.9%
Q1 25
16.0%
-598.7%
Q4 24
12.1%
-283.3%
Q3 24
6.9%
-236.6%
Q2 24
10.0%
-266.3%
Q1 24
15.3%
-438.9%
EPS (diluted)
GENC
GENC
OCUL
OCUL
Q4 25
$0.23
$-0.27
Q3 25
$0.13
$-0.38
Q2 25
$0.26
$-0.39
Q1 25
$0.42
$-0.38
Q4 24
$0.26
$-0.25
Q3 24
$0.10
$-0.22
Q2 24
$0.17
$-0.26
Q1 24
$0.42
$-0.49

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
OCUL
OCUL
Cash + ST InvestmentsLiquidity on hand
$147.7M
$737.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$654.3M
Total Assets
$228.9M
$808.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
OCUL
OCUL
Q4 25
$147.7M
$737.1M
Q3 25
$136.3M
$344.8M
Q2 25
$136.0M
$391.1M
Q1 25
$143.7M
$349.7M
Q4 24
$130.1M
$392.1M
Q3 24
$115.4M
$427.2M
Q2 24
$116.6M
$459.7M
Q1 24
$117.1M
$482.9M
Total Debt
GENC
GENC
OCUL
OCUL
Q4 25
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
Q1 24
Stockholders' Equity
GENC
GENC
OCUL
OCUL
Q4 25
$215.2M
$654.3M
Q3 25
$211.8M
$258.2M
Q2 25
$209.9M
$305.9M
Q1 25
$206.1M
$265.9M
Q4 24
$200.0M
$315.3M
Q3 24
$196.1M
$352.0M
Q2 24
$194.7M
$377.7M
Q1 24
$192.1M
$408.0M
Total Assets
GENC
GENC
OCUL
OCUL
Q4 25
$228.9M
$808.1M
Q3 25
$222.6M
$410.9M
Q2 25
$220.2M
$451.3M
Q1 25
$223.9M
$405.9M
Q4 24
$218.2M
$457.9M
Q3 24
$208.1M
$490.4M
Q2 24
$201.8M
$517.1M
Q1 24
$206.0M
$538.9M
Debt / Equity
GENC
GENC
OCUL
OCUL
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
OCUL
OCUL
Operating Cash FlowLast quarter
$11.1M
$-54.2M
Free Cash FlowOCF − Capex
$10.1M
$-57.1M
FCF MarginFCF / Revenue
43.0%
-430.9%
Capex IntensityCapex / Revenue
4.1%
21.4%
Cash ConversionOCF / Net Profit
3.23×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M
$-216.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
OCUL
OCUL
Q4 25
$11.1M
$-54.2M
Q3 25
$-275.0K
$-50.7M
Q2 25
$-23.9M
$-55.2M
Q1 25
$12.4M
$-44.7M
Q4 24
$14.8M
$-39.4M
Q3 24
$-3.2M
$-36.6M
Q2 24
$-1.0M
$-24.8M
Q1 24
$11.7M
$-33.9M
Free Cash Flow
GENC
GENC
OCUL
OCUL
Q4 25
$10.1M
$-57.1M
Q3 25
$-1.3M
$-56.7M
Q2 25
$-24.4M
$-56.5M
Q1 25
$12.3M
$-46.6M
Q4 24
$14.5M
$-39.6M
Q3 24
$-3.3M
$-36.6M
Q2 24
$-1.4M
$-25.5M
Q1 24
$11.7M
$-34.1M
FCF Margin
GENC
GENC
OCUL
OCUL
Q4 25
43.0%
-430.9%
Q3 25
-6.8%
-390.0%
Q2 25
-90.4%
-419.7%
Q1 25
32.2%
-435.6%
Q4 24
46.1%
-232.0%
Q3 24
-15.8%
-237.6%
Q2 24
-5.6%
-155.4%
Q1 24
28.7%
-231.1%
Capex Intensity
GENC
GENC
OCUL
OCUL
Q4 25
4.1%
21.4%
Q3 25
5.4%
41.2%
Q2 25
1.8%
9.3%
Q1 25
0.4%
18.1%
Q4 24
1.0%
1.2%
Q3 24
0.4%
0.6%
Q2 24
1.5%
4.5%
Q1 24
0.0%
1.7%
Cash Conversion
GENC
GENC
OCUL
OCUL
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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