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Side-by-side financial comparison of GEN Restaurant Group, Inc. (GENK) and NLIGHT, INC. (LASR). Click either name above to swap in a different company.

NLIGHT, INC. is the larger business by last-quarter revenue ($81.2M vs $49.7M, roughly 1.6× GEN Restaurant Group, Inc.). GEN Restaurant Group, Inc. runs the higher net margin — -3.8% vs -6.0%, a 2.2% gap on every dollar of revenue. On growth, NLIGHT, INC. posted the faster year-over-year revenue change (71.3% vs -9.0%). NLIGHT, INC. produced more free cash flow last quarter ($15.9M vs $-5.6M). Over the past eight quarters, NLIGHT, INC.'s revenue compounded faster (35.0% CAGR vs -1.0%).

Gen Korean BBQ is an American chain of all-you-can-eat Korean barbecue restaurants mainly concentrated around the Western U.S. It opened in 2011, and has since grown to 43 locations as of 2024.

nLight Inc. is a global developer and manufacturer of high-performance semiconductor lasers, fiber lasers, and related optical components. Its products serve key segments including industrial precision manufacturing, aerospace and defense, medical equipment, and advanced research, with customers across North America, Europe, and Asia Pacific.

GENK vs LASR — Head-to-Head

Bigger by revenue
LASR
LASR
1.6× larger
LASR
$81.2M
$49.7M
GENK
Growing faster (revenue YoY)
LASR
LASR
+80.3% gap
LASR
71.3%
-9.0%
GENK
Higher net margin
GENK
GENK
2.2% more per $
GENK
-3.8%
-6.0%
LASR
More free cash flow
LASR
LASR
$21.6M more FCF
LASR
$15.9M
$-5.6M
GENK
Faster 2-yr revenue CAGR
LASR
LASR
Annualised
LASR
35.0%
-1.0%
GENK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GENK
GENK
LASR
LASR
Revenue
$49.7M
$81.2M
Net Profit
$-1.9M
$-4.9M
Gross Margin
30.7%
Operating Margin
-24.5%
-6.7%
Net Margin
-3.8%
-6.0%
Revenue YoY
-9.0%
71.3%
Net Profit YoY
-821.4%
80.3%
EPS (diluted)
$-0.37
$-0.10

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
GENK
GENK
LASR
LASR
Q4 25
$49.7M
$81.2M
Q3 25
$50.4M
$66.7M
Q2 25
$55.0M
$61.7M
Q1 25
$57.3M
$51.7M
Q4 24
$54.7M
$47.4M
Q3 24
$49.1M
$56.1M
Q2 24
$53.9M
$50.5M
Q1 24
$50.8M
$44.5M
Net Profit
GENK
GENK
LASR
LASR
Q4 25
$-1.9M
$-4.9M
Q3 25
$-566.0K
$-6.9M
Q2 25
$-261.0K
$-3.6M
Q1 25
$-301.0K
$-8.1M
Q4 24
$-206.0K
$-25.0M
Q3 24
$25.0K
$-10.3M
Q2 24
$277.0K
$-11.7M
Q1 24
$496.0K
$-13.8M
Gross Margin
GENK
GENK
LASR
LASR
Q4 25
30.7%
Q3 25
31.1%
Q2 25
29.9%
Q1 25
26.7%
Q4 24
2.4%
Q3 24
22.4%
Q2 24
23.5%
Q1 24
16.8%
Operating Margin
GENK
GENK
LASR
LASR
Q4 25
-24.5%
-6.7%
Q3 25
-7.4%
-10.9%
Q2 25
-3.4%
-6.9%
Q1 25
-3.8%
-18.6%
Q4 24
-2.4%
-55.8%
Q3 24
0.2%
-21.0%
Q2 24
3.0%
-25.1%
Q1 24
0.2%
-33.1%
Net Margin
GENK
GENK
LASR
LASR
Q4 25
-3.8%
-6.0%
Q3 25
-1.1%
-10.3%
Q2 25
-0.5%
-5.8%
Q1 25
-0.5%
-15.7%
Q4 24
-0.4%
-52.7%
Q3 24
0.1%
-18.4%
Q2 24
0.5%
-23.2%
Q1 24
1.0%
-30.9%
EPS (diluted)
GENK
GENK
LASR
LASR
Q4 25
$-0.37
$-0.10
Q3 25
$-0.11
$-0.14
Q2 25
$-0.05
$-0.07
Q1 25
$-0.06
$-0.16
Q4 24
$-0.05
$-0.52
Q3 24
$0.01
$-0.21
Q2 24
$0.06
$-0.25
Q1 24
$0.11
$-0.29

Balance Sheet & Financial Strength

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

Metric
GENK
GENK
LASR
LASR
Cash + ST InvestmentsLiquidity on hand
$2.8M
$98.7M
Total DebtLower is stronger
$13.6M
Stockholders' EquityBook value
$26.5M
$226.7M
Total Assets
$259.9M
$315.2M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENK
GENK
LASR
LASR
Q4 25
$2.8M
$98.7M
Q3 25
$4.8M
$81.1M
Q2 25
$9.6M
$78.8M
Q1 25
$15.4M
$82.2M
Q4 24
$23.7M
$65.8M
Q3 24
$22.1M
$41.5M
Q2 24
$29.2M
$49.4M
Q1 24
$28.1M
$61.3M
Total Debt
GENK
GENK
LASR
LASR
Q4 25
$13.6M
Q3 25
$10.8M
Q2 25
$7.8M
Q1 25
$6.5M
Q4 24
$6.9M
Q3 24
$7.2M
Q2 24
$7.6M
Q1 24
$7.7M
Stockholders' Equity
GENK
GENK
LASR
LASR
Q4 25
$26.5M
$226.7M
Q3 25
$38.1M
$218.5M
Q2 25
$41.0M
$216.0M
Q1 25
$42.8M
$212.8M
Q4 24
$44.1M
$216.4M
Q3 24
$46.5M
$235.3M
Q2 24
$45.9M
$239.5M
Q1 24
$40.4M
$244.4M
Total Assets
GENK
GENK
LASR
LASR
Q4 25
$259.9M
$315.2M
Q3 25
$245.5M
$298.7M
Q2 25
$246.3M
$295.3M
Q1 25
$232.4M
$290.0M
Q4 24
$240.4M
$270.2M
Q3 24
$225.7M
$291.3M
Q2 24
$218.8M
$294.3M
Q1 24
$214.5M
$302.8M
Debt / Equity
GENK
GENK
LASR
LASR
Q4 25
0.51×
Q3 25
0.28×
Q2 25
0.19×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.17×
Q1 24
0.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GENK
GENK
LASR
LASR
Operating Cash FlowLast quarter
$-426.0K
$17.5M
Free Cash FlowOCF − Capex
$-5.6M
$15.9M
FCF MarginFCF / Revenue
-11.3%
19.6%
Capex IntensityCapex / Revenue
10.5%
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.3M
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENK
GENK
LASR
LASR
Q4 25
$-426.0K
$17.5M
Q3 25
$-1.6M
$5.2M
Q2 25
$3.3M
$-1.4M
Q1 25
$2.2M
$-20.0K
Q4 24
$7.3M
$-3.9M
Q3 24
$1.4M
$-5.6M
Q2 24
$5.6M
$-4.2M
Q1 24
$3.5M
$11.4M
Free Cash Flow
GENK
GENK
LASR
LASR
Q4 25
$-5.6M
$15.9M
Q3 25
$-7.7M
$2.4M
Q2 25
$-6.3M
$-3.8M
Q1 25
$-4.7M
$-2.3M
Q4 24
$165.0K
$-6.5M
Q3 24
$-6.8M
$-7.2M
Q2 24
$1.2M
$-6.4M
Q1 24
$-586.0K
$9.8M
FCF Margin
GENK
GENK
LASR
LASR
Q4 25
-11.3%
19.6%
Q3 25
-15.3%
3.7%
Q2 25
-11.5%
-6.1%
Q1 25
-8.2%
-4.5%
Q4 24
0.3%
-13.7%
Q3 24
-13.9%
-12.9%
Q2 24
2.3%
-12.6%
Q1 24
-1.2%
22.1%
Capex Intensity
GENK
GENK
LASR
LASR
Q4 25
10.5%
2.0%
Q3 25
12.0%
4.2%
Q2 25
17.5%
3.9%
Q1 25
11.9%
4.4%
Q4 24
13.1%
5.5%
Q3 24
16.9%
2.9%
Q2 24
8.0%
4.2%
Q1 24
8.1%
3.5%
Cash Conversion
GENK
GENK
LASR
LASR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
57.96×
Q2 24
20.06×
Q1 24
7.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GENK
GENK

Segment breakdown not available.

LASR
LASR

Aerospaceand Defense$56.3M69%
Microfabrication$14.2M18%
Industrial$10.7M13%

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