Forensic Analysis · Machinery & Fabricated Metal Products · as of Nov 9, 2026

Gencor Industries Inc (GENC)

A forensic read on Gencor Industries Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

21.8

Distress distance

Watch

Earnings quality

Forensic signals

7.7%

ROE

2.0%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Gencor Industries Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 21.8, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by cash conversion.

What the filings flag

0.50×

FY2023–FY2025

Cash conversion. Over FY2023–FY2025, cumulative operating cash flow was 0.50× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.Cash conversion: operating cash flow divided by net income, the share of profit that arrived as cash.

6.1%

FY2025

Return on invested capital. Return on invested capital is 6.1% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.7-point range. After-tax operating profit was $10M in FY2023 and $11M in FY2025, with operating income at 12.8% of revenue in FY2023, 12.1% in FY2024 and 12.1% in FY2025. The capital base behind it went from $165M in FY2023 to $180M in FY2025 (+9%), while the revenue it carried went from $105M to $115M. $100M of the $180M base at FY2025 is short-term investments (55.6%) — securities held beside cash, which the base keeps because only cash is subtracted from it; they earn the balance sheet's yield, which is not in the operating profit above, so this rate understates what the operating capital earns.

Key fundamentals

Latest Revenue$115.4M

Revenue Growth YoY+2.0%

Revenue CAGR (2yr)+4.8%

Net Margin13.6%

Free Cash Flow$1.1M

Return on Equity7.7%

Debt / Equity0.00x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.