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Side-by-side financial comparison of GENCOR INDUSTRIES INC (GENC) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $23.6M, roughly 1.4× GENCOR INDUSTRIES INC). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs 8.7%, a 5.9% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -25.0%). GENCOR INDUSTRIES INC produced more free cash flow last quarter ($10.1M vs $10.1M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% 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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
GENC vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.6M | $33.9M |
| Net Profit | $3.4M | $2.9M |
| Gross Margin | 28.7% | 76.7% |
| Operating Margin | 13.2% | 11.6% |
| Net Margin | 14.6% | 8.7% |
| Revenue YoY | -25.0% | -0.1% |
| Net Profit YoY | -9.8% | -19.6% |
| EPS (diluted) | $0.23 | $0.13 |
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.
| Q4 25 | $23.6M | $33.9M | ||
| Q3 25 | $18.8M | $33.9M | ||
| Q2 25 | $27.0M | $35.7M | ||
| Q1 25 | $38.2M | $36.3M | ||
| Q4 24 | $31.4M | $33.9M | ||
| Q3 24 | $20.9M | $34.9M | ||
| Q2 24 | $25.6M | $34.0M | ||
| Q1 24 | $40.7M | $34.9M |
| Q4 25 | $3.4M | $2.9M | ||
| Q3 25 | $1.9M | $3.2M | ||
| Q2 25 | $3.8M | $4.6M | ||
| Q1 25 | $6.1M | $5.2M | ||
| Q4 24 | $3.8M | $3.6M | ||
| Q3 24 | $1.5M | $3.7M | ||
| Q2 24 | $2.6M | $3.4M | ||
| Q1 24 | $6.2M | $4.2M |
| Q4 25 | 28.7% | 76.7% | ||
| Q3 25 | 24.2% | 78.3% | ||
| Q2 25 | 26.5% | 79.5% | ||
| Q1 25 | 29.7% | 80.1% | ||
| Q4 24 | 27.6% | 78.5% | ||
| Q3 24 | 25.6% | 79.5% | ||
| Q2 24 | 23.9% | 78.9% | ||
| Q1 24 | 30.3% | 79.5% |
| Q4 25 | 13.2% | 11.6% | ||
| Q3 25 | -1.2% | 12.9% | ||
| Q2 25 | 11.6% | 15.1% | ||
| Q1 25 | 17.0% | 16.6% | ||
| Q4 24 | 14.7% | 13.7% | ||
| Q3 24 | 5.9% | 14.2% | ||
| Q2 24 | 7.8% | 13.2% | ||
| Q1 24 | 17.4% | 14.0% |
| Q4 25 | 14.6% | 8.7% | ||
| Q3 25 | 10.2% | 9.5% | ||
| Q2 25 | 14.2% | 12.8% | ||
| Q1 25 | 16.0% | 14.3% | ||
| Q4 24 | 12.1% | 10.8% | ||
| Q3 24 | 6.9% | 10.5% | ||
| Q2 24 | 10.0% | 10.1% | ||
| Q1 24 | 15.3% | 12.1% |
| Q4 25 | $0.23 | $0.13 | ||
| Q3 25 | $0.13 | $0.15 | ||
| Q2 25 | $0.26 | $0.22 | ||
| Q1 25 | $0.42 | $0.25 | ||
| Q4 24 | $0.26 | $0.17 | ||
| Q3 24 | $0.10 | $0.18 | ||
| Q2 24 | $0.17 | $0.17 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $147.7M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $215.2M | $146.4M |
| Total Assets | $228.9M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $147.7M | $25.3M | ||
| Q3 25 | $136.3M | $21.4M | ||
| Q2 25 | $136.0M | $20.2M | ||
| Q1 25 | $143.7M | $19.9M | ||
| Q4 24 | $130.1M | $29.1M | ||
| Q3 24 | $115.4M | $27.8M | ||
| Q2 24 | $116.6M | $23.9M | ||
| Q1 24 | $117.1M | $23.3M |
| Q4 25 | — | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $215.2M | $146.4M | ||
| Q3 25 | $211.8M | $148.7M | ||
| Q2 25 | $209.9M | $150.9M | ||
| Q1 25 | $206.1M | $151.7M | ||
| Q4 24 | $200.0M | $154.7M | ||
| Q3 24 | $196.1M | $156.3M | ||
| Q2 24 | $194.7M | $158.2M | ||
| Q1 24 | $192.1M | $160.2M |
| Q4 25 | $228.9M | $206.1M | ||
| Q3 25 | $222.6M | $209.7M | ||
| Q2 25 | $220.2M | $208.7M | ||
| Q1 25 | $223.9M | $204.5M | ||
| Q4 24 | $218.2M | $217.1M | ||
| Q3 24 | $208.1M | $216.8M | ||
| Q2 24 | $201.8M | $216.4M | ||
| Q1 24 | $206.0M | $215.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.1M | $11.5M |
| Free Cash FlowOCF − Capex | $10.1M | $10.1M |
| FCF MarginFCF / Revenue | 43.0% | 29.9% |
| Capex IntensityCapex / Revenue | 4.1% | 4.1% |
| Cash ConversionOCF / Net Profit | 3.23× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.2M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.1M | $11.5M | ||
| Q3 25 | $-275.0K | $8.1M | ||
| Q2 25 | $-23.9M | $7.0M | ||
| Q1 25 | $12.4M | $2.3M | ||
| Q4 24 | $14.8M | $8.4M | ||
| Q3 24 | $-3.2M | $11.1M | ||
| Q2 24 | $-1.0M | $7.4M | ||
| Q1 24 | $11.7M | $2.0M |
| Q4 25 | $10.1M | $10.1M | ||
| Q3 25 | $-1.3M | $7.6M | ||
| Q2 25 | $-24.4M | $6.0M | ||
| Q1 25 | $12.3M | $1.5M | ||
| Q4 24 | $14.5M | $7.5M | ||
| Q3 24 | $-3.3M | $10.3M | ||
| Q2 24 | $-1.4M | $6.8M | ||
| Q1 24 | $11.7M | $1.1M |
| Q4 25 | 43.0% | 29.9% | ||
| Q3 25 | -6.8% | 22.4% | ||
| Q2 25 | -90.4% | 16.8% | ||
| Q1 25 | 32.2% | 4.2% | ||
| Q4 24 | 46.1% | 22.3% | ||
| Q3 24 | -15.8% | 29.4% | ||
| Q2 24 | -5.6% | 20.0% | ||
| Q1 24 | 28.7% | 3.2% |
| Q4 25 | 4.1% | 4.1% | ||
| Q3 25 | 5.4% | 1.6% | ||
| Q2 25 | 1.8% | 2.9% | ||
| Q1 25 | 0.4% | 2.1% | ||
| Q4 24 | 1.0% | 2.5% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 0.0% | 2.5% |
| Q4 25 | 3.23× | 3.93× | ||
| Q3 25 | -0.14× | 2.54× | ||
| Q2 25 | -6.24× | 1.55× | ||
| Q1 25 | 2.04× | 0.43× | ||
| Q4 24 | 3.88× | 2.31× | ||
| Q3 24 | -2.22× | 3.03× | ||
| Q2 24 | -0.41× | 2.17× | ||
| Q1 24 | 1.87× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GENC
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
