GENC
Gencor Industries, Inc.Industrials·Agricultural - Machinery
$14.11
$207M market cap
Revenue
$42.4M
Free Cash Flow
$8.9M
Rev Growth
+0.0%
FCF Margin
20.9%
P/FCF
23.4x
EV/FCF
6.7x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Gencor Industries, Inc., together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. The company offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants. It also provides combustion systems that transfo
2-Year Price History
$14.15-27.8%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 23.6 | 3.6 | 3.1 | 3.4 | 11.1 | 10.1 | -1.0 | 147.7 | 0.3 | 14.7 | 11.3% | -- | -- |
| Act | 2025-Q4 | 18.8 | 0.4 | -0.2 | 1.9 | -0.3 | -1.3 | -1.0 | 136.3 | 0.3 | 14.7 | -0.8% | -- | -- |
Valuation & Metrics
Market Stats
Price$14.11
Market Cap$207M
Enterprise Value$59M
P/S Ratio4.9x
P/FCF23.4x
EV/FCF6.7x
FCF Margin (TTM)20.9%
FCF Yield4.3%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$42.4M
Net Income$5.4M
Free Cash Flow$8.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin9.4%
Net Margin12.6%
FCF Margin20.9%
CapEx % of Revenue4.7%
SBC % of Revenue0.0%
ROIC5.2%
WC Change % Rev16.9%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover2.6
Change (vs Prior)-5.7%
Need at least 2 settlement dates for chart
Employees
Headcount314
Revenue / Employee$135,057
Gross Profit / Employee$36,000
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
35.8%(+6.3% YoY)
88 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
17.0%(+3.1% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.2% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $15.7M | $14.96 | −$1.1M | −$2.1M | -0.6% | $4.33B |
| ROYCE & ASSOCIATES LP | $14.0M | $11.86 | +$120K | −$3.6M | -0.9% | $10.09B |
| DIMENSIONAL FUND ADVISORS LPPassive | $11.4M | $16.81 | −$113K | −$470K | -0.4% | $480.92B |
| BlackRock, Inc.Passive | $8.2M | $20.69 | −$150K | +$43K | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $6.7M | $15.00 | +$6.7M | +$6.7M | — | $4.04T |
| RENAISSANCE TECHNOLOGIES LLC | $5.7M | $14.65 | +$586K | +$242K | +1.2% | $63.91B |
| MARTIN & CO INC /TN/ | $5.0M | $12.73 | +$77K | +$1.2M | +1.2% | $587M |
| GAMCO INVESTORS, INC. ET AL | $4.5M | $13.25 | +$660K | +$1.7M | -0.0% | $10.15B |
| Teton Advisors, LLC | $3.7M | $14.63 | −$5K | +$3.7M | +4.7% | $142M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $3.5M | $15.62 | −$70K | −$27K | +2.3% | $1.61T |
| STATE STREET CORPPassive | $2.3M | $15.82 | +$23K | −$10K | -0.2% | $2.89T |
| De Lisle Partners LLP | $2.3M | $17.27 | +$0 | +$75K | -0.7% | $836M |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $1.9M | $14.64 | +$52K | +$1.9M | +0.0% | $632M |
| North Star Investment Management Corp. | $1.8M | $14.72 | +$1.5M | +$1.8M | -0.4% | $1.65B |
| GOLDMAN SACHS GROUP INC | $1.7M | $16.63 | +$223K | +$341K | -0.2% | $760.93B |
| WELLS FARGO & COMPANY/MN | $1.5M | $19.98 | −$151K | −$3.4M | -0.2% | $497.71B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1.4M | $17.27 | +$110K | +$426K | +0.1% | $184.72B |
| RBF Capital, LLC | $1.4M | $10.10 | +$0 | +$0 | +0.1% | $2.03B |
| NORTHERN TRUST CORPPassive | $1.2M | $15.47 | +$53K | −$92K | -0.2% | $755.34B |
| Bank of New York Mellon Corp | $1.1M | $14.92 | −$124K | +$102K | -0.2% | $543.21B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.01%
avg per quarter
Holders (ex-self)
-0.01%
excl. this stock
Buyers (this Q)
-0.08%
51 buyers · $0.02B in
Sellers (this Q)
+6.87%
29 sellers · $-0.00B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+14.1%
how holders react when this stock falls
On quiet Qs
-14.6%
−10% to +10% baseline
On rallies (+10%+)
+0.7%
how they react when this stock rises
Holders' portfolio flow this Q
-0.2%
outflows — trims may be forced
Sellers' portfolio flow this Q
-3.2%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.9%
Holder mid (any stock)
-3.5%
Holder rally (any stock)
-5.5%
Biggest decreases this quarter
SYSTEMATIC FINANCIAL MANAGEMENT LP−$1.1Mα-0.6Pullen Investment Management, LLCexited−$318KNewEdge Advisors, LLCexited−$264KWELLS FARGO & COMPANY/MN−$151Kα-0.2BlackRock, Inc.−$150Kα-0.2Bank of New York Mellon Corp−$124Kα-0.2DIMENSIONAL FUND ADVISORS LP−$113Kα-0.4GEODE CAPITAL MANAGEMENT, LLC−$70Kα+2.3eCIO, Inc.exited−$46KTeton Advisors, LLC−$5Kα+4.7
New buyers this quarter
Top-5 holders · 51.2%
SYSTEMATIC FINANCIAL MANAGEMENT LP--
ROYCE & ASSOCIATES LP--
DIMENSIONAL FUND ADVISORS LP--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ROYCE & ASSOCIATES LP935KSYSTEMATIC FINANCIAL MANAGEMENT LP1.0MWELLS FARGO & COMPANY/MN101KTeton Advisors, Inc.—RENAISSANCE TECHNOLOGIES LLC383KMARTIN & CO INC /TN/333KGAMCO INVESTORS, INC. ET AL302KTeton Advisors, LLC248KDe Lisle Partners LLP151KESSEX INVESTMENT MANAGEMENT CO LLC130K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (2 analysts)$16.801910.0%
Current Price$14.11
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Order Flow (FINRA, ~3w lag)
36.1%retail-4.2pp
9.2%dark+2.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Gencor Industries: Fortress Balance Sheet Masking Revenue Decay and Stagnant Inventory
Overall Risk
3/10
Fraud
2/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
4/10
Hidden Liabilities
2/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
8/10
Contextually Acceptable
7/10