vs

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

WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $23.6M, roughly 1.1× GENCOR INDUSTRIES INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 14.6%, a 24.6% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -25.0%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $10.1M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.

West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.

GENC vs WTBA — Head-to-Head

Bigger by revenue
WTBA
WTBA
1.1× larger
WTBA
$26.9M
$23.6M
GENC
Growing faster (revenue YoY)
WTBA
WTBA
+41.6% gap
WTBA
16.6%
-25.0%
GENC
Higher net margin
WTBA
WTBA
24.6% more per $
WTBA
39.2%
14.6%
GENC
More free cash flow
WTBA
WTBA
$2.2M more FCF
WTBA
$12.4M
$10.1M
GENC
Faster 2-yr revenue CAGR
WTBA
WTBA
Annualised
WTBA
17.3%
-23.9%
GENC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GENC
GENC
WTBA
WTBA
Revenue
$23.6M
$26.9M
Net Profit
$3.4M
$10.6M
Gross Margin
28.7%
Operating Margin
13.2%
50.0%
Net Margin
14.6%
39.2%
Revenue YoY
-25.0%
16.6%
Net Profit YoY
-9.8%
34.8%
EPS (diluted)
$0.23
$0.61

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
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$23.6M
$24.2M
Q3 25
$18.8M
$25.0M
Q2 25
$27.0M
$23.8M
Q1 25
$38.2M
$23.1M
Q4 24
$31.4M
$20.9M
Q3 24
$20.9M
$20.3M
Q2 24
$25.6M
$19.6M
Net Profit
GENC
GENC
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$3.4M
$7.4M
Q3 25
$1.9M
$9.3M
Q2 25
$3.8M
$8.0M
Q1 25
$6.1M
$7.8M
Q4 24
$3.8M
$7.1M
Q3 24
$1.5M
$6.0M
Q2 24
$2.6M
$5.2M
Gross Margin
GENC
GENC
WTBA
WTBA
Q1 26
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%
Operating Margin
GENC
GENC
WTBA
WTBA
Q1 26
50.0%
Q4 25
13.2%
39.6%
Q3 25
-1.2%
45.8%
Q2 25
11.6%
43.4%
Q1 25
17.0%
43.4%
Q4 24
14.7%
30.9%
Q3 24
5.9%
36.6%
Q2 24
7.8%
32.6%
Net Margin
GENC
GENC
WTBA
WTBA
Q1 26
39.2%
Q4 25
14.6%
30.7%
Q3 25
10.2%
37.3%
Q2 25
14.2%
33.5%
Q1 25
16.0%
34.0%
Q4 24
12.1%
34.0%
Q3 24
6.9%
29.3%
Q2 24
10.0%
26.5%
EPS (diluted)
GENC
GENC
WTBA
WTBA
Q1 26
$0.61
Q4 25
$0.23
$0.44
Q3 25
$0.13
$0.55
Q2 25
$0.26
$0.47
Q1 25
$0.42
$0.46
Q4 24
$0.26
$0.41
Q3 24
$0.10
$0.35
Q2 24
$0.17
$0.31

Balance Sheet & Financial Strength

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

Metric
GENC
GENC
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$147.7M
$362.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.2M
$270.7M
Total Assets
$228.9M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENC
GENC
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$147.7M
$471.1M
Q3 25
$136.3M
$232.9M
Q2 25
$136.0M
$345.2M
Q1 25
$143.7M
Q4 24
$130.1M
$243.5M
Q3 24
$115.4M
Q2 24
$116.6M
Total Debt
GENC
GENC
WTBA
WTBA
Q1 26
Q4 25
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
Stockholders' Equity
GENC
GENC
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$215.2M
$266.0M
Q3 25
$211.8M
$255.1M
Q2 25
$209.9M
$240.9M
Q1 25
$206.1M
$237.9M
Q4 24
$200.0M
$227.9M
Q3 24
$196.1M
$235.4M
Q2 24
$194.7M
$223.9M
Total Assets
GENC
GENC
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$228.9M
$4.1B
Q3 25
$222.6M
$4.0B
Q2 25
$220.2M
$4.1B
Q1 25
$223.9M
$4.0B
Q4 24
$218.2M
$4.0B
Q3 24
$208.1M
$4.0B
Q2 24
$201.8M
$4.0B
Debt / Equity
GENC
GENC
WTBA
WTBA
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 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
WTBA
WTBA
Operating Cash FlowLast quarter
$11.1M
$12.9M
Free Cash FlowOCF − Capex
$10.1M
$12.4M
FCF MarginFCF / Revenue
43.0%
46.0%
Capex IntensityCapex / Revenue
4.1%
1.8%
Cash ConversionOCF / Net Profit
3.23×
1.22×
TTM Free Cash FlowTrailing 4 quarters
$-3.2M
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENC
GENC
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$11.1M
$46.5M
Q3 25
$-275.0K
$11.4M
Q2 25
$-23.9M
$13.5M
Q1 25
$12.4M
$9.7M
Q4 24
$14.8M
$39.8M
Q3 24
$-3.2M
$12.9M
Q2 24
$-1.0M
$10.0M
Free Cash Flow
GENC
GENC
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$10.1M
$43.2M
Q3 25
$-1.3M
$10.8M
Q2 25
$-24.4M
$12.8M
Q1 25
$12.3M
$8.3M
Q4 24
$14.5M
$13.7M
Q3 24
$-3.3M
$7.0M
Q2 24
$-1.4M
$2.7M
FCF Margin
GENC
GENC
WTBA
WTBA
Q1 26
46.0%
Q4 25
43.0%
178.3%
Q3 25
-6.8%
43.0%
Q2 25
-90.4%
53.6%
Q1 25
32.2%
35.7%
Q4 24
46.1%
65.6%
Q3 24
-15.8%
34.2%
Q2 24
-5.6%
14.0%
Capex Intensity
GENC
GENC
WTBA
WTBA
Q1 26
1.8%
Q4 25
4.1%
13.7%
Q3 25
5.4%
2.6%
Q2 25
1.8%
3.2%
Q1 25
0.4%
6.5%
Q4 24
1.0%
125.3%
Q3 24
0.4%
29.4%
Q2 24
1.5%
37.1%
Cash Conversion
GENC
GENC
WTBA
WTBA
Q1 26
1.22×
Q4 25
3.23×
6.26×
Q3 25
-0.14×
1.23×
Q2 25
-6.24×
1.70×
Q1 25
2.04×
1.24×
Q4 24
3.88×
5.61×
Q3 24
-2.22×
2.17×
Q2 24
-0.41×
1.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons