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Side-by-side financial comparison of GENCOR INDUSTRIES INC (GENC) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
GENCOR INDUSTRIES INC is the larger business by last-quarter revenue ($23.6M vs $13.2M, roughly 1.8× TriSalus Life Sciences, Inc.). GENCOR INDUSTRIES INC runs the higher net margin — 14.6% vs -73.9%, a 88.5% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -25.0%). GENCOR INDUSTRIES INC produced more free cash flow last quarter ($10.1M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% 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.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
GENC vs TLSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.6M | $13.2M |
| Net Profit | $3.4M | $-9.8M |
| Gross Margin | 28.7% | 86.7% |
| Operating Margin | 13.2% | -24.8% |
| Net Margin | 14.6% | -73.9% |
| Revenue YoY | -25.0% | 59.8% |
| Net Profit YoY | -9.8% | 3.5% |
| EPS (diluted) | $0.23 | $-0.22 |
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 | $13.2M | ||
| Q3 25 | $18.8M | $11.6M | ||
| Q2 25 | $27.0M | $11.2M | ||
| Q1 25 | $38.2M | $9.2M | ||
| Q4 24 | $31.4M | $8.3M | ||
| Q3 24 | $20.9M | $7.3M | ||
| Q2 24 | $25.6M | $7.4M | ||
| Q1 24 | $40.7M | $6.5M |
| Q4 25 | $3.4M | $-9.8M | ||
| Q3 25 | $1.9M | $-10.8M | ||
| Q2 25 | $3.8M | $-8.3M | ||
| Q1 25 | $6.1M | $-10.4M | ||
| Q4 24 | $3.8M | $-10.1M | ||
| Q3 24 | $1.5M | $-2.4M | ||
| Q2 24 | $2.6M | $-4.3M | ||
| Q1 24 | $6.2M | $-13.2M |
| Q4 25 | 28.7% | 86.7% | ||
| Q3 25 | 24.2% | 83.5% | ||
| Q2 25 | 26.5% | 83.9% | ||
| Q1 25 | 29.7% | 83.7% | ||
| Q4 24 | 27.6% | 85.3% | ||
| Q3 24 | 25.6% | 86.3% | ||
| Q2 24 | 23.9% | 87.6% | ||
| Q1 24 | 30.3% | 85.0% |
| Q4 25 | 13.2% | -24.8% | ||
| Q3 25 | -1.2% | -77.9% | ||
| Q2 25 | 11.6% | -65.4% | ||
| Q1 25 | 17.0% | -79.9% | ||
| Q4 24 | 14.7% | -91.8% | ||
| Q3 24 | 5.9% | -118.9% | ||
| Q2 24 | 7.8% | -111.0% | ||
| Q1 24 | 17.4% | -180.8% |
| Q4 25 | 14.6% | -73.9% | ||
| Q3 25 | 10.2% | -93.5% | ||
| Q2 25 | 14.2% | -73.9% | ||
| Q1 25 | 16.0% | -113.2% | ||
| Q4 24 | 12.1% | -122.4% | ||
| Q3 24 | 6.9% | -32.6% | ||
| Q2 24 | 10.0% | -58.8% | ||
| Q1 24 | 15.3% | -204.5% |
| Q4 25 | $0.23 | $-0.22 | ||
| Q3 25 | $0.13 | $-0.96 | ||
| Q2 25 | $0.26 | $-0.27 | ||
| Q1 25 | $0.42 | $-0.39 | ||
| Q4 24 | $0.26 | $-0.38 | ||
| Q3 24 | $0.10 | $-0.12 | ||
| Q2 24 | $0.17 | $-0.21 | ||
| Q1 24 | $0.42 | $-0.60 |
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 | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $215.2M | $-33.9M |
| Total Assets | $228.9M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $147.7M | $20.4M | ||
| Q3 25 | $136.3M | $22.7M | ||
| Q2 25 | $136.0M | $26.5M | ||
| Q1 25 | $143.7M | $13.0M | ||
| Q4 24 | $130.1M | $8.5M | ||
| Q3 24 | $115.4M | $11.3M | ||
| Q2 24 | $116.6M | $16.5M | ||
| Q1 24 | $117.1M | $4.0M |
| Q4 25 | — | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $215.2M | $-33.9M | ||
| Q3 25 | $211.8M | $-26.7M | ||
| Q2 25 | $209.9M | $-19.4M | ||
| Q1 25 | $206.1M | $-34.4M | ||
| Q4 24 | $200.0M | $-25.9M | ||
| Q3 24 | $196.1M | $-20.4M | ||
| Q2 24 | $194.7M | $-25.3M | ||
| Q1 24 | $192.1M | $-36.0M |
| Q4 25 | $228.9M | $35.3M | ||
| Q3 25 | $222.6M | $36.5M | ||
| Q2 25 | $220.2M | $41.3M | ||
| Q1 25 | $223.9M | $28.6M | ||
| Q4 24 | $218.2M | $24.0M | ||
| Q3 24 | $208.1M | $27.5M | ||
| Q2 24 | $201.8M | $32.4M | ||
| Q1 24 | $206.0M | $17.9M |
| 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 | $-2.5M |
| Free Cash FlowOCF − Capex | $10.1M | $-2.5M |
| FCF MarginFCF / Revenue | 43.0% | -19.1% |
| Capex IntensityCapex / Revenue | 4.1% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.23× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.2M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.1M | $-2.5M | ||
| Q3 25 | $-275.0K | $-3.7M | ||
| Q2 25 | $-23.9M | $-7.3M | ||
| Q1 25 | $12.4M | $-4.5M | ||
| Q4 24 | $14.8M | $-5.7M | ||
| Q3 24 | $-3.2M | $-10.8M | ||
| Q2 24 | $-1.0M | $-13.4M | ||
| Q1 24 | $11.7M | $-10.9M |
| Q4 25 | $10.1M | $-2.5M | ||
| Q3 25 | $-1.3M | $-3.9M | ||
| Q2 25 | $-24.4M | $-7.4M | ||
| Q1 25 | $12.3M | $-5.3M | ||
| Q4 24 | $14.5M | $-5.8M | ||
| Q3 24 | $-3.3M | $-11.0M | ||
| Q2 24 | $-1.4M | $-13.5M | ||
| Q1 24 | $11.7M | $-10.9M |
| Q4 25 | 43.0% | -19.1% | ||
| Q3 25 | -6.8% | -33.9% | ||
| Q2 25 | -90.4% | -66.1% | ||
| Q1 25 | 32.2% | -57.3% | ||
| Q4 24 | 46.1% | -69.7% | ||
| Q3 24 | -15.8% | -149.9% | ||
| Q2 24 | -5.6% | -183.1% | ||
| Q1 24 | 28.7% | -169.3% |
| Q4 25 | 4.1% | 0.3% | ||
| Q3 25 | 5.4% | 1.9% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 0.4% | 8.2% | ||
| Q4 24 | 1.0% | 0.6% | ||
| Q3 24 | 0.4% | 2.3% | ||
| Q2 24 | 1.5% | 0.8% | ||
| Q1 24 | 0.0% | 1.0% |
| 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.
