vs

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

GENCOR INDUSTRIES INC is the larger business by last-quarter revenue ($23.6M vs $15.8M, roughly 1.5× Spire Global, Inc.). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -176.6%, a 191.2% gap on every dollar of revenue. On growth, GENCOR INDUSTRIES INC posted the faster year-over-year revenue change (-25.0% vs -26.9%). GENCOR INDUSTRIES INC produced more free cash flow last quarter ($10.1M vs $-16.2M). Over the past eight quarters, GENCOR INDUSTRIES INC's revenue compounded faster (-23.9% CAGR vs -32.6%).

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.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

GENC vs SPIR — Head-to-Head

Bigger by revenue
GENC
GENC
1.5× larger
GENC
$23.6M
$15.8M
SPIR
Growing faster (revenue YoY)
GENC
GENC
+2.0% gap
GENC
-25.0%
-26.9%
SPIR
Higher net margin
GENC
GENC
191.2% more per $
GENC
14.6%
-176.6%
SPIR
More free cash flow
GENC
GENC
$26.3M more FCF
GENC
$10.1M
$-16.2M
SPIR
Faster 2-yr revenue CAGR
GENC
GENC
Annualised
GENC
-23.9%
-32.6%
SPIR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GENC
GENC
SPIR
SPIR
Revenue
$23.6M
$15.8M
Net Profit
$3.4M
$-28.0M
Gross Margin
28.7%
40.2%
Operating Margin
13.2%
-164.1%
Net Margin
14.6%
-176.6%
Revenue YoY
-25.0%
-26.9%
Net Profit YoY
-9.8%
42.7%
EPS (diluted)
$0.23
$-0.85

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
SPIR
SPIR
Q4 25
$23.6M
$15.8M
Q3 25
$18.8M
$12.7M
Q2 25
$27.0M
$19.2M
Q1 25
$38.2M
$23.9M
Q4 24
$31.4M
$21.7M
Q3 24
$20.9M
$28.6M
Q2 24
$25.6M
$25.4M
Q1 24
$40.7M
$34.8M
Net Profit
GENC
GENC
SPIR
SPIR
Q4 25
$3.4M
$-28.0M
Q3 25
$1.9M
$-19.7M
Q2 25
$3.8M
$119.6M
Q1 25
$6.1M
$-20.7M
Q4 24
$3.8M
$-48.8M
Q3 24
$1.5M
$-12.5M
Q2 24
$2.6M
$-16.6M
Q1 24
$6.2M
$-25.5M
Gross Margin
GENC
GENC
SPIR
SPIR
Q4 25
28.7%
40.2%
Q3 25
24.2%
36.6%
Q2 25
26.5%
48.9%
Q1 25
29.7%
36.8%
Q4 24
27.6%
32.4%
Q3 24
25.6%
44.5%
Q2 24
23.9%
43.0%
Q1 24
30.3%
26.5%
Operating Margin
GENC
GENC
SPIR
SPIR
Q4 25
13.2%
-164.1%
Q3 25
-1.2%
-166.1%
Q2 25
11.6%
-122.7%
Q1 25
17.0%
-106.5%
Q4 24
14.7%
-144.1%
Q3 24
5.9%
-48.0%
Q2 24
7.8%
-48.6%
Q1 24
17.4%
-34.4%
Net Margin
GENC
GENC
SPIR
SPIR
Q4 25
14.6%
-176.6%
Q3 25
10.2%
-155.3%
Q2 25
14.2%
623.4%
Q1 25
16.0%
-86.5%
Q4 24
12.1%
-225.2%
Q3 24
6.9%
-43.7%
Q2 24
10.0%
-65.2%
Q1 24
15.3%
-73.3%
EPS (diluted)
GENC
GENC
SPIR
SPIR
Q4 25
$0.23
$-0.85
Q3 25
$0.13
$-0.61
Q2 25
$0.26
$3.72
Q1 25
$0.42
$-0.77
Q4 24
$0.26
$-1.93
Q3 24
$0.10
$-0.50
Q2 24
$0.17
$-0.68
Q1 24
$0.42
$-1.17

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$147.7M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$112.9M
Total Assets
$228.9M
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
SPIR
SPIR
Q4 25
$147.7M
$81.8M
Q3 25
$136.3M
$96.8M
Q2 25
$136.0M
$117.6M
Q1 25
$143.7M
$35.9M
Q4 24
$130.1M
$19.2M
Q3 24
$115.4M
$36.6M
Q2 24
$116.6M
$45.8M
Q1 24
$117.1M
$63.7M
Total Debt
GENC
GENC
SPIR
SPIR
Q4 25
Q3 25
$0
Q2 25
Q1 25
$103.7M
Q4 24
$103.1M
Q3 24
$0
$4.9M
Q2 24
$4.9M
Q1 24
$123.1M
Stockholders' Equity
GENC
GENC
SPIR
SPIR
Q4 25
$215.2M
$112.9M
Q3 25
$211.8M
$133.1M
Q2 25
$209.9M
$149.2M
Q1 25
$206.1M
$3.7M
Q4 24
$200.0M
$-11.7M
Q3 24
$196.1M
$30.8M
Q2 24
$194.7M
$40.3M
Q1 24
$192.1M
$52.5M
Total Assets
GENC
GENC
SPIR
SPIR
Q4 25
$228.9M
$211.0M
Q3 25
$222.6M
$224.3M
Q2 25
$220.2M
$239.5M
Q1 25
$223.9M
$208.8M
Q4 24
$218.2M
$193.6M
Q3 24
$208.1M
$224.2M
Q2 24
$201.8M
$230.8M
Q1 24
$206.0M
$252.3M
Debt / Equity
GENC
GENC
SPIR
SPIR
Q4 25
Q3 25
0.00×
Q2 25
Q1 25
27.92×
Q4 24
Q3 24
0.00×
0.16×
Q2 24
0.12×
Q1 24
2.35×

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
SPIR
SPIR
Operating Cash FlowLast quarter
$11.1M
$-4.3M
Free Cash FlowOCF − Capex
$10.1M
$-16.2M
FCF MarginFCF / Revenue
43.0%
-102.1%
Capex IntensityCapex / Revenue
4.1%
75.1%
Cash ConversionOCF / Net Profit
3.23×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
SPIR
SPIR
Q4 25
$11.1M
$-4.3M
Q3 25
$-275.0K
$-12.0M
Q2 25
$-23.9M
$-35.1M
Q1 25
$12.4M
$-8.4M
Q4 24
$14.8M
$-19.2M
Q3 24
$-3.2M
$14.0M
Q2 24
$-1.0M
$-4.4M
Q1 24
$11.7M
$-8.8M
Free Cash Flow
GENC
GENC
SPIR
SPIR
Q4 25
$10.1M
$-16.2M
Q3 25
$-1.3M
$-20.4M
Q2 25
$-24.4M
$-38.7M
Q1 25
$12.3M
$-17.3M
Q4 24
$14.5M
$-24.3M
Q3 24
$-3.3M
$5.1M
Q2 24
$-1.4M
$-9.9M
Q1 24
$11.7M
$-15.9M
FCF Margin
GENC
GENC
SPIR
SPIR
Q4 25
43.0%
-102.1%
Q3 25
-6.8%
-161.3%
Q2 25
-90.4%
-201.7%
Q1 25
32.2%
-72.6%
Q4 24
46.1%
-112.2%
Q3 24
-15.8%
17.8%
Q2 24
-5.6%
-39.0%
Q1 24
28.7%
-45.7%
Capex Intensity
GENC
GENC
SPIR
SPIR
Q4 25
4.1%
75.1%
Q3 25
5.4%
66.2%
Q2 25
1.8%
18.8%
Q1 25
0.4%
37.3%
Q4 24
1.0%
23.5%
Q3 24
0.4%
31.2%
Q2 24
1.5%
21.8%
Q1 24
0.0%
20.3%
Cash Conversion
GENC
GENC
SPIR
SPIR
Q4 25
3.23×
Q3 25
-0.14×
Q2 25
-6.24×
-0.29×
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.

Related Comparisons