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Side-by-side financial comparison of GENCOR INDUSTRIES INC (GENC) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Waterstone Financial, Inc. is the larger business by last-quarter revenue ($37.2M vs $23.6M, roughly 1.6× GENCOR INDUSTRIES INC). On growth, Waterstone Financial, Inc. posted the faster year-over-year revenue change (16.7% vs -25.0%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $10.1M). Over the past eight quarters, Waterstone Financial, Inc.'s revenue compounded faster (7.1% 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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
GENC vs WSBF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.6M | $37.2M |
| Net Profit | $3.4M | — |
| Gross Margin | 28.7% | — |
| Operating Margin | 13.2% | 27.0% |
| Net Margin | 14.6% | — |
| Revenue YoY | -25.0% | 16.7% |
| Net Profit YoY | -9.8% | — |
| EPS (diluted) | $0.23 | $0.43 |
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 | $37.2M | ||
| Q3 25 | $18.8M | $37.0M | ||
| Q2 25 | $27.0M | $38.0M | ||
| Q1 25 | $38.2M | $29.7M | ||
| Q4 24 | $31.4M | $31.8M | ||
| Q3 24 | $20.9M | $34.1M | ||
| Q2 24 | $25.6M | $37.2M | ||
| Q1 24 | $40.7M | $32.4M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $1.9M | $7.9M | ||
| Q2 25 | $3.8M | $7.7M | ||
| Q1 25 | $6.1M | $3.0M | ||
| Q4 24 | $3.8M | — | ||
| Q3 24 | $1.5M | $4.7M | ||
| Q2 24 | $2.6M | $5.7M | ||
| Q1 24 | $6.2M | $3.0M |
| 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% | — |
| Q4 25 | 13.2% | 27.0% | ||
| Q3 25 | -1.2% | 26.6% | ||
| Q2 25 | 11.6% | 25.4% | ||
| Q1 25 | 17.0% | 13.1% | ||
| Q4 24 | 14.7% | 19.5% | ||
| Q3 24 | 5.9% | 17.3% | ||
| Q2 24 | 7.8% | 19.2% | ||
| Q1 24 | 17.4% | 14.7% |
| Q4 25 | 14.6% | — | ||
| Q3 25 | 10.2% | 21.4% | ||
| Q2 25 | 14.2% | 20.3% | ||
| Q1 25 | 16.0% | 10.2% | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 6.9% | 13.9% | ||
| Q2 24 | 10.0% | 15.4% | ||
| Q1 24 | 15.3% | 9.4% |
| Q4 25 | $0.23 | $0.43 | ||
| Q3 25 | $0.13 | $0.45 | ||
| Q2 25 | $0.26 | $0.43 | ||
| Q1 25 | $0.42 | $0.17 | ||
| Q4 24 | $0.26 | $0.28 | ||
| Q3 24 | $0.10 | $0.26 | ||
| Q2 24 | $0.17 | $0.31 | ||
| Q1 24 | $0.42 | $0.16 |
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 | — |
| Total DebtLower is stronger | — | $412.3M |
| Stockholders' EquityBook value | $215.2M | $349.4M |
| Total Assets | $228.9M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $147.7M | — | ||
| Q3 25 | $136.3M | — | ||
| Q2 25 | $136.0M | — | ||
| Q1 25 | $143.7M | — | ||
| Q4 24 | $130.1M | — | ||
| Q3 24 | $115.4M | — | ||
| Q2 24 | $116.6M | — | ||
| Q1 24 | $117.1M | — |
| Q4 25 | — | $412.3M | ||
| Q3 25 | $0 | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | — | $446.5M | ||
| Q3 24 | $0 | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $215.2M | $349.4M | ||
| Q3 25 | $211.8M | $345.5M | ||
| Q2 25 | $209.9M | $341.5M | ||
| Q1 25 | $206.1M | $341.4M | ||
| Q4 24 | $200.0M | $339.1M | ||
| Q3 24 | $196.1M | $342.0M | ||
| Q2 24 | $194.7M | $334.9M | ||
| Q1 24 | $192.1M | $338.0M |
| Q4 25 | $228.9M | $2.3B | ||
| Q3 25 | $222.6M | $2.3B | ||
| Q2 25 | $220.2M | $2.3B | ||
| Q1 25 | $223.9M | $2.2B | ||
| Q4 24 | $218.2M | $2.2B | ||
| Q3 24 | $208.1M | $2.2B | ||
| Q2 24 | $201.8M | $2.3B | ||
| Q1 24 | $206.0M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | 0.00× | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | 0.00× | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | $10.1M | $23.0M |
| FCF MarginFCF / Revenue | 43.0% | 61.9% |
| Capex IntensityCapex / Revenue | 4.1% | 3.1% |
| Cash ConversionOCF / Net Profit | 3.23× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.2M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.1M | $24.2M | ||
| Q3 25 | $-275.0K | $32.7M | ||
| Q2 25 | $-23.9M | $-38.4M | ||
| Q1 25 | $12.4M | $26.7M | ||
| Q4 24 | $14.8M | $48.1M | ||
| Q3 24 | $-3.2M | $74.1M | ||
| Q2 24 | $-1.0M | $-39.5M | ||
| Q1 24 | $11.7M | $-9.9M |
| Q4 25 | $10.1M | $23.0M | ||
| Q3 25 | $-1.3M | $32.4M | ||
| Q2 25 | $-24.4M | $-38.5M | ||
| Q1 25 | $12.3M | $26.5M | ||
| Q4 24 | $14.5M | $47.0M | ||
| Q3 24 | $-3.3M | $73.9M | ||
| Q2 24 | $-1.4M | $-39.7M | ||
| Q1 24 | $11.7M | $-10.3M |
| Q4 25 | 43.0% | 61.9% | ||
| Q3 25 | -6.8% | 87.5% | ||
| Q2 25 | -90.4% | -101.2% | ||
| Q1 25 | 32.2% | 89.2% | ||
| Q4 24 | 46.1% | 147.5% | ||
| Q3 24 | -15.8% | 216.9% | ||
| Q2 24 | -5.6% | -106.7% | ||
| Q1 24 | 28.7% | -31.9% |
| Q4 25 | 4.1% | 3.1% | ||
| Q3 25 | 5.4% | 0.8% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 0.4% | 0.9% | ||
| Q4 24 | 1.0% | 3.5% | ||
| Q3 24 | 0.4% | 0.6% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 0.0% | 1.2% |
| Q4 25 | 3.23× | — | ||
| Q3 25 | -0.14× | 4.13× | ||
| Q2 25 | -6.24× | -4.98× | ||
| Q1 25 | 2.04× | 8.81× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | -2.22× | 15.67× | ||
| Q2 24 | -0.41× | -6.92× | ||
| Q1 24 | 1.87× | -3.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
