Gencor Industries Inc (GENC) - Net Assets
Based on the latest financial reports, Gencor Industries Inc (GENC) has net assets worth $215.24 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($228.91 Million) and total liabilities ($13.67 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Gencor Industries Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $215.24 Million |
| % of Total Assets | 94.03% |
| Annual Growth Rate | 8.16% |
| 5-Year Change | 26.61% |
| 10-Year Change | 76.2% |
| Growth Volatility | 53.85 |
Gencor Industries Inc - Net Assets Trend (1985–2025)
This chart illustrates how Gencor Industries Inc's net assets have evolved over time, based on quarterly financial data. See GENC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Gencor Industries Inc (1985–2025)
The table below shows the annual net assets of Gencor Industries Inc from 1985 to 2025. For live valuation and market cap data, see how much is Gencor Industries Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $211.80 Million | +7.98% |
| 2024-09-30 | $196.14 Million | +8.12% |
| 2023-09-30 | $181.41 Million | +8.68% |
| 2022-09-30 | $166.92 Million | -0.22% |
| 2021-09-30 | $167.29 Million | +3.76% |
| 2020-09-30 | $161.22 Million | +3.67% |
| 2019-09-30 | $155.51 Million | +9.60% |
| 2018-09-30 | $141.90 Million | +10.07% |
| 2017-09-30 | $128.92 Million | +7.25% |
| 2016-09-30 | $120.20 Million | +6.62% |
| 2015-09-30 | $112.75 Million | -1.25% |
| 2014-09-30 | $114.17 Million | +3.39% |
| 2013-09-30 | $110.43 Million | +6.73% |
| 2012-09-30 | $103.46 Million | +4.72% |
| 2011-09-30 | $98.80 Million | +0.28% |
| 2010-09-30 | $98.53 Million | +2.32% |
| 2009-09-30 | $96.30 Million | -2.75% |
| 2008-09-30 | $99.02 Million | +18.18% |
| 2007-09-30 | $83.78 Million | +32.90% |
| 2006-09-30 | $63.04 Million | +22.57% |
| 2005-09-30 | $51.44 Million | +236.31% |
| 2004-09-30 | $15.29 Million | +21.29% |
| 2003-09-30 | $12.61 Million | +138.13% |
| 2002-09-30 | $5.29 Million | +132.85% |
| 2001-09-30 | $2.27 Million | +130.63% |
| 2000-09-30 | $-7.42 Million | -73.64% |
| 1999-09-30 | $-4.28 Million | -111.67% |
| 1998-09-30 | $36.64 Million | +72.74% |
| 1997-09-30 | $21.21 Million | +71.08% |
| 1996-09-30 | $12.40 Million | +28.59% |
| 1995-09-30 | $9.64 Million | +35.81% |
| 1994-09-30 | $7.10 Million | +31.48% |
| 1993-09-30 | $5.40 Million | +22.73% |
| 1992-09-30 | $4.40 Million | 0.00% |
| 1991-09-30 | $4.40 Million | +29.41% |
| 1990-09-30 | $3.40 Million | -15.00% |
| 1989-09-30 | $4.00 Million | -61.17% |
| 1988-09-30 | $10.30 Million | +1.98% |
| 1987-09-30 | $10.10 Million | +8.60% |
| 1986-09-30 | $9.30 Million | +1.09% |
| 1985-09-30 | $9.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gencor Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6079.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $197.75 Million | 93.36% |
| Common Stock | $1.47 Million | 0.69% |
| Other Components | $12.59 Million | 5.94% |
| Total Equity | $211.80 Million | 100.00% |
Gencor Industries Inc Competitors by Market Cap
The table below lists competitors of Gencor Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
La Française de l'Energie S.A.
PA:FDE
|
$174.61 Million |
|
Cyberlink Co
TW:5203
|
$174.63 Million |
|
Green Landscaping Group AB (publ)
ST:GREEN
|
$174.68 Million |
|
Holmes Place International Ltd
TA:HLMS
|
$174.73 Million |
|
AurosTechnology Inc.
KQ:322310
|
$174.58 Million |
|
Crown Reserve Acquisition Corp. I Class A Ordinary Shares
NASDAQ:CRAC
|
$174.57 Million |
|
Hannong Chem
KO:011500
|
$174.54 Million |
|
Net Lease Office Properties
NYSE:NLOP
|
$174.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gencor Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 196,141,000 to 211,802,000, a change of 15,661,000 (8.0%).
- Net income of 15,661,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.66 Million | +7.39% |
| Total Change | $- | 7.98% |
Book Value vs Market Value Analysis
This analysis compares Gencor Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 13.84x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $1.02 | $14.15 | x |
| 1986-09-30 | $0.93 | $14.15 | x |
| 1987-09-30 | $1.01 | $14.15 | x |
| 1988-09-30 | $1.03 | $14.15 | x |
| 1989-09-30 | $0.42 | $14.15 | x |
| 1990-09-30 | $0.36 | $14.15 | x |
| 1991-09-30 | $0.46 | $14.15 | x |
| 1992-09-30 | $0.49 | $14.15 | x |
| 1993-09-30 | $0.54 | $14.15 | x |
| 1994-09-30 | $0.77 | $14.15 | x |
| 1995-09-30 | $0.93 | $14.15 | x |
| 1996-09-30 | $1.16 | $14.15 | x |
| 1997-09-30 | $1.52 | $14.15 | x |
| 1998-09-30 | $2.95 | $14.15 | x |
| 1999-09-30 | $-0.33 | $14.15 | x |
| 2000-09-30 | $-0.56 | $14.15 | x |
| 2001-09-30 | $0.17 | $14.15 | x |
| 2002-09-30 | $0.39 | $14.15 | x |
| 2003-09-30 | $0.95 | $14.15 | x |
| 2004-09-30 | $1.06 | $14.15 | x |
| 2005-09-30 | $3.60 | $14.15 | x |
| 2006-09-30 | $4.24 | $14.15 | x |
| 2007-09-30 | $5.77 | $14.15 | x |
| 2008-09-30 | $6.88 | $14.15 | x |
| 2009-09-30 | $6.68 | $14.15 | x |
| 2010-09-30 | $6.90 | $14.15 | x |
| 2011-09-30 | $6.92 | $14.15 | x |
| 2012-09-30 | $7.25 | $14.15 | x |
| 2013-09-30 | $7.73 | $14.15 | x |
| 2014-09-30 | $7.94 | $14.15 | x |
| 2015-09-30 | $8.06 | $14.15 | x |
| 2016-09-30 | $8.28 | $14.15 | x |
| 2017-09-30 | $8.78 | $14.15 | x |
| 2018-09-30 | $9.85 | $14.15 | x |
| 2019-09-30 | $10.57 | $14.15 | x |
| 2020-09-30 | $10.95 | $14.15 | x |
| 2021-09-30 | $11.36 | $14.15 | x |
| 2022-09-30 | $11.39 | $14.15 | x |
| 2023-09-30 | $12.39 | $14.15 | x |
| 2024-09-30 | $13.38 | $14.15 | x |
| 2025-09-30 | $14.45 | $14.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gencor Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.57%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.05x
- Recent ROE (7.39%) is below the historical average (17.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.04% | 9.23% | 0.72x | 1.96x | $280.00K |
| 1986 | 2.15% | 1.74% | 0.43x | 2.87x | $-730.00K |
| 1987 | 3.96% | 0.97% | 1.21x | 3.40x | $-610.00K |
| 1988 | 1.94% | 0.35% | 1.39x | 3.96x | $-830.00K |
| 1989 | -152.50% | -11.17% | 1.43x | 9.58x | $-6.50 Million |
| 1990 | -23.53% | -1.73% | 1.46x | 9.29x | $-1.14 Million |
| 1991 | 15.91% | 1.82% | 1.22x | 7.18x | $260.00K |
| 1992 | 4.55% | 0.45% | 1.42x | 7.18x | $-240.00K |
| 1993 | 18.52% | 2.29% | 1.24x | 6.50x | $460.00K |
| 1994 | 22.54% | 2.77% | 1.67x | 4.86x | $890.00K |
| 1995 | 26.31% | 4.30% | 1.68x | 3.64x | $1.57 Million |
| 1996 | 22.23% | 4.58% | 0.51x | 9.60x | $1.52 Million |
| 1997 | 32.51% | 3.53% | 1.20x | 7.69x | $4.77 Million |
| 1998 | 41.16% | 6.05% | 1.37x | 4.97x | $11.42 Million |
| 1999 | 0.00% | -23.54% | 0.67x | 0.00x | $-23.44 Million |
| 2000 | 0.00% | 0.82% | 0.69x | 0.00x | $1.53 Million |
| 2001 | 392.39% | 12.54% | 1.02x | 30.60x | $8.70 Million |
| 2002 | 39.09% | 3.07% | 1.09x | 11.74x | $1.54 Million |
| 2003 | 57.58% | 12.99% | 1.38x | 3.22x | $6.00 Million |
| 2004 | 17.03% | 4.82% | 1.26x | 2.80x | $1.07 Million |
| 2005 | 60.87% | 65.03% | 0.62x | 1.52x | $26.16 Million |
| 2006 | 18.38% | 17.27% | 0.83x | 1.28x | $5.28 Million |
| 2007 | 22.08% | 24.57% | 0.72x | 1.24x | $10.12 Million |
| 2008 | 15.40% | 17.26% | 0.80x | 1.12x | $5.35 Million |
| 2009 | -2.65% | -4.49% | 0.54x | 1.10x | $-12.18 Million |
| 2010 | 3.01% | 5.34% | 0.52x | 1.09x | $-6.88 Million |
| 2011 | 0.23% | 0.38% | 0.57x | 1.06x | $-9.66 Million |
| 2012 | 4.32% | 7.08% | 0.57x | 1.07x | $-5.87 Million |
| 2013 | 6.09% | 13.74% | 0.42x | 1.06x | $-4.32 Million |
| 2014 | 3.04% | 8.68% | 0.34x | 1.03x | $-7.94 Million |
| 2015 | -1.61% | -4.64% | 0.33x | 1.07x | $-13.09 Million |
| 2016 | 5.86% | 10.06% | 0.54x | 1.07x | $-4.98 Million |
| 2017 | 6.53% | 10.44% | 0.56x | 1.11x | $-4.47 Million |
| 2018 | 8.66% | 12.74% | 0.64x | 1.06x | $-1.94 Million |
| 2019 | 6.56% | 12.54% | 0.49x | 1.06x | $-5.36 Million |
| 2020 | 3.43% | 7.14% | 0.45x | 1.06x | $-10.59 Million |
| 2021 | 3.47% | 6.81% | 0.48x | 1.07x | $-10.92 Million |
| 2022 | -0.22% | -0.36% | 0.58x | 1.07x | $-17.06 Million |
| 2023 | 8.08% | 13.96% | 0.54x | 1.08x | $-3.49 Million |
| 2024 | 7.42% | 12.86% | 0.54x | 1.06x | $-5.06 Million |
| 2025 | 7.39% | 13.57% | 0.52x | 1.05x | $-5.52 Million |
Industry Comparison
This section compares Gencor Industries Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $710,108,354
- Average return on equity (ROE) among peers: 9.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gencor Industries Inc (GENC) | $215.24 Million | 13.04% | 0.06x | $174.59 Million |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $946.35 Million |
| AGCO Corporation (AGCO) | $476.70 Million | 24.23% | 2.82x | $8.45 Billion |
| Agrify Corp (AGFY) | $-1.76 Million | 0.00% | 0.00x | $89.44 Million |
| Alamo Group Inc (ALG) | $253.26 Million | 8.34% | 0.46x | $1.86 Billion |
| Arts-Way Manufacturing Co Inc (ARTW) | $7.40 Million | 8.11% | 1.34x | $13.16 Million |
| Astec Industries Inc (ASTE) | $599.35 Million | 5.75% | 0.34x | $1.21 Billion |
| Blue Bird Corp (BLBD) | $255.41 Million | 50.00% | 1.45x | $2.28 Billion |
| CEA Industries Inc. (BNC) | $14.90 Million | -36.91% | 0.41x | $93.08 Million |
| Caterpillar Inc (CAT) | $5.13 Billion | 29.49% | 3.90x | $362.70 Billion |
| CEA Industries Inc (CEAD) | $-355.63K | 0.00% | 0.00x | $6.66 Million |
About Gencor Industries Inc
Gencor Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of heavy machinery used in the production of highway construction materials and environmental control equipment. The company offers hot-mix asphalt plants, hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components, as well as counter flow drum mix technology and… Read more