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

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $23.6M, roughly 1.1× GENCOR INDUSTRIES INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 14.6%, a 62.6% gap on every dollar of revenue. On growth, REDWOOD TRUST INC posted the faster year-over-year revenue change (-6.1% vs -25.0%). Over the past eight quarters, GENCOR INDUSTRIES INC's revenue compounded faster (-23.9% CAGR vs -41.0%).

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.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

GENC vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.1× larger
RWT
$25.9M
$23.6M
GENC
Growing faster (revenue YoY)
RWT
RWT
+18.9% gap
RWT
-6.1%
-25.0%
GENC
Higher net margin
RWT
RWT
62.6% more per $
RWT
77.2%
14.6%
GENC
Faster 2-yr revenue CAGR
GENC
GENC
Annualised
GENC
-23.9%
-41.0%
RWT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GENC
GENC
RWT
RWT
Revenue
$23.6M
$25.9M
Net Profit
$3.4M
$20.0M
Gross Margin
28.7%
Operating Margin
13.2%
Net Margin
14.6%
77.2%
Revenue YoY
-25.0%
-6.1%
Net Profit YoY
-9.8%
402.6%
EPS (diluted)
$0.23
$0.11

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
RWT
RWT
Q4 25
$23.6M
$25.9M
Q3 25
$18.8M
$15.0M
Q2 25
$27.0M
$13.8M
Q1 25
$38.2M
$27.9M
Q4 24
$31.4M
$27.6M
Q3 24
$20.9M
$25.5M
Q2 24
$25.6M
$67.4M
Q1 24
$40.7M
$74.5M
Net Profit
GENC
GENC
RWT
RWT
Q4 25
$3.4M
$20.0M
Q3 25
$1.9M
$-7.7M
Q2 25
$3.8M
$-98.5M
Q1 25
$6.1M
$16.1M
Q4 24
$3.8M
$-6.6M
Q3 24
$1.5M
$14.8M
Q2 24
$2.6M
$15.5M
Q1 24
$6.2M
$30.3M
Gross Margin
GENC
GENC
RWT
RWT
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
RWT
RWT
Q4 25
13.2%
Q3 25
-1.2%
-9.0%
Q2 25
11.6%
-679.0%
Q1 25
17.0%
80.2%
Q4 24
14.7%
-1.3%
Q3 24
5.9%
86.1%
Q2 24
7.8%
30.3%
Q1 24
17.4%
41.3%
Net Margin
GENC
GENC
RWT
RWT
Q4 25
14.6%
77.2%
Q3 25
10.2%
-51.4%
Q2 25
14.2%
-712.0%
Q1 25
16.0%
57.8%
Q4 24
12.1%
-24.0%
Q3 24
6.9%
58.1%
Q2 24
10.0%
23.0%
Q1 24
15.3%
40.6%
EPS (diluted)
GENC
GENC
RWT
RWT
Q4 25
$0.23
$0.11
Q3 25
$0.13
$-0.08
Q2 25
$0.26
$-0.76
Q1 25
$0.42
$0.10
Q4 24
$0.26
$-0.08
Q3 24
$0.10
$0.09
Q2 24
$0.17
$0.10
Q1 24
$0.42
$0.21

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$147.7M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$982.6M
Total Assets
$228.9M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
RWT
RWT
Q4 25
$147.7M
$255.7M
Q3 25
$136.3M
$226.3M
Q2 25
$136.0M
$302.0M
Q1 25
$143.7M
$259.9M
Q4 24
$130.1M
$245.2M
Q3 24
$115.4M
$253.7M
Q2 24
$116.6M
$275.6M
Q1 24
$117.1M
$275.4M
Total Debt
GENC
GENC
RWT
RWT
Q4 25
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
Q1 24
$1.7B
Stockholders' Equity
GENC
GENC
RWT
RWT
Q4 25
$215.2M
$982.6M
Q3 25
$211.8M
$999.0M
Q2 25
$209.9M
$1.1B
Q1 25
$206.1M
$1.2B
Q4 24
$200.0M
$1.2B
Q3 24
$196.1M
$1.2B
Q2 24
$194.7M
$1.2B
Q1 24
$192.1M
$1.2B
Total Assets
GENC
GENC
RWT
RWT
Q4 25
$228.9M
$23.7B
Q3 25
$222.6M
$22.6B
Q2 25
$220.2M
$21.3B
Q1 25
$223.9M
$19.9B
Q4 24
$218.2M
$18.3B
Q3 24
$208.1M
$18.4B
Q2 24
$201.8M
$16.5B
Q1 24
$206.0M
$15.1B
Debt / Equity
GENC
GENC
RWT
RWT
Q4 25
Q3 25
0.00×
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
Q1 24
1.39×

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
RWT
RWT
Operating Cash FlowLast quarter
$11.1M
$-10.1B
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
43.0%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.23×
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
RWT
RWT
Q4 25
$11.1M
$-10.1B
Q3 25
$-275.0K
$-2.7B
Q2 25
$-23.9M
$-2.1B
Q1 25
$12.4M
$-2.0B
Q4 24
$14.8M
$-5.9B
Q3 24
$-3.2M
$-2.1B
Q2 24
$-1.0M
$-2.0B
Q1 24
$11.7M
$-954.2M
Free Cash Flow
GENC
GENC
RWT
RWT
Q4 25
$10.1M
Q3 25
$-1.3M
Q2 25
$-24.4M
Q1 25
$12.3M
Q4 24
$14.5M
Q3 24
$-3.3M
Q2 24
$-1.4M
Q1 24
$11.7M
FCF Margin
GENC
GENC
RWT
RWT
Q4 25
43.0%
Q3 25
-6.8%
Q2 25
-90.4%
Q1 25
32.2%
Q4 24
46.1%
Q3 24
-15.8%
Q2 24
-5.6%
Q1 24
28.7%
Capex Intensity
GENC
GENC
RWT
RWT
Q4 25
4.1%
Q3 25
5.4%
Q2 25
1.8%
Q1 25
0.4%
Q4 24
1.0%
Q3 24
0.4%
Q2 24
1.5%
Q1 24
0.0%
Cash Conversion
GENC
GENC
RWT
RWT
Q4 25
3.23×
-504.15×
Q3 25
-0.14×
Q2 25
-6.24×
Q1 25
2.04×
-120.92×
Q4 24
3.88×
Q3 24
-2.22×
-140.86×
Q2 24
-0.41×
-126.56×
Q1 24
1.87×
-31.53×

Financial Flow Comparison

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

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