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

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $23.6M, roughly 2.0× GENCOR INDUSTRIES INC). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -33.9%, a 48.5% gap on every dollar of revenue. On growth, STEM, INC. posted the faster year-over-year revenue change (-15.6% vs -25.0%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.

StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.

GENC vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
2.0× larger
STEM
$47.1M
$23.6M
GENC
Growing faster (revenue YoY)
STEM
STEM
+9.4% gap
STEM
-15.6%
-25.0%
GENC
Higher net margin
GENC
GENC
48.5% more per $
GENC
14.6%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
-23.9%
GENC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GENC
GENC
STEM
STEM
Revenue
$23.6M
$47.1M
Net Profit
$3.4M
$-16.0M
Gross Margin
28.7%
48.9%
Operating Margin
13.2%
-17.7%
Net Margin
14.6%
-33.9%
Revenue YoY
-25.0%
-15.6%
Net Profit YoY
-9.8%
68.8%
EPS (diluted)
$0.23
$-4.40

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
STEM
STEM
Q4 25
$23.6M
$47.1M
Q3 25
$18.8M
$38.2M
Q2 25
$27.0M
$38.4M
Q1 25
$38.2M
$32.5M
Q4 24
$31.4M
$55.8M
Q3 24
$20.9M
$29.3M
Q2 24
$25.6M
$34.0M
Q1 24
$40.7M
$25.5M
Net Profit
GENC
GENC
STEM
STEM
Q4 25
$3.4M
$-16.0M
Q3 25
$1.9M
$-23.8M
Q2 25
$3.8M
$202.5M
Q1 25
$6.1M
$-25.0M
Q4 24
$3.8M
$-51.1M
Q3 24
$1.5M
$-148.3M
Q2 24
$2.6M
$-582.3M
Q1 24
$6.2M
$-72.3M
Gross Margin
GENC
GENC
STEM
STEM
Q4 25
28.7%
48.9%
Q3 25
24.2%
35.5%
Q2 25
26.5%
33.4%
Q1 25
29.7%
32.4%
Q4 24
27.6%
-4.4%
Q3 24
25.6%
21.2%
Q2 24
23.9%
27.6%
Q1 24
30.3%
-95.0%
Operating Margin
GENC
GENC
STEM
STEM
Q4 25
13.2%
-17.7%
Q3 25
-1.2%
-33.6%
Q2 25
11.6%
-34.8%
Q1 25
17.0%
-65.0%
Q4 24
14.7%
-84.4%
Q3 24
5.9%
-493.2%
Q2 24
7.8%
-1705.5%
Q1 24
17.4%
-267.0%
Net Margin
GENC
GENC
STEM
STEM
Q4 25
14.6%
-33.9%
Q3 25
10.2%
-62.2%
Q2 25
14.2%
527.8%
Q1 25
16.0%
-76.9%
Q4 24
12.1%
-91.6%
Q3 24
6.9%
-506.3%
Q2 24
10.0%
-1712.6%
Q1 24
15.3%
-283.9%
EPS (diluted)
GENC
GENC
STEM
STEM
Q4 25
$0.23
$-4.40
Q3 25
$0.13
$-2.84
Q2 25
$0.26
$-1.79
Q1 25
$0.42
$-0.15
Q4 24
$0.26
$-15.29
Q3 24
$0.10
$-18.24
Q2 24
$0.17
$-71.81
Q1 24
$0.42
$-0.46

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$147.7M
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$-249.4M
Total Assets
$228.9M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
STEM
STEM
Q4 25
$147.7M
$48.9M
Q3 25
$136.3M
$43.1M
Q2 25
$136.0M
$40.8M
Q1 25
$143.7M
$58.6M
Q4 24
$130.1M
$56.3M
Q3 24
$115.4M
$75.4M
Q2 24
$116.6M
$89.6M
Q1 24
$117.1M
$112.8M
Total Debt
GENC
GENC
STEM
STEM
Q4 25
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
Q1 24
Stockholders' Equity
GENC
GENC
STEM
STEM
Q4 25
$215.2M
$-249.4M
Q3 25
$211.8M
$-235.7M
Q2 25
$209.9M
$-214.1M
Q1 25
$206.1M
$-417.5M
Q4 24
$200.0M
$-398.4M
Q3 24
$196.1M
$-344.1M
Q2 24
$194.7M
$-203.2M
Q1 24
$192.1M
$371.6M
Total Assets
GENC
GENC
STEM
STEM
Q4 25
$228.9M
$308.9M
Q3 25
$222.6M
$362.6M
Q2 25
$220.2M
$379.2M
Q1 25
$223.9M
$405.1M
Q4 24
$218.2M
$437.4M
Q3 24
$208.1M
$537.8M
Q2 24
$201.8M
$691.5M
Q1 24
$206.0M
$1.3B
Debt / Equity
GENC
GENC
STEM
STEM
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
STEM
STEM
Operating Cash FlowLast quarter
$11.1M
$8.2M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
43.0%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.23×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
STEM
STEM
Q4 25
$11.1M
$8.2M
Q3 25
$-275.0K
$11.4M
Q2 25
$-23.9M
$-21.3M
Q1 25
$12.4M
$8.5M
Q4 24
$14.8M
$-14.7M
Q3 24
$-3.2M
$-9.4M
Q2 24
$-1.0M
$-11.9M
Q1 24
$11.7M
$-621.0K
Free Cash Flow
GENC
GENC
STEM
STEM
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
STEM
STEM
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
STEM
STEM
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
STEM
STEM
Q4 25
3.23×
Q3 25
-0.14×
Q2 25
-6.24×
-0.11×
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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