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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $172.2M, roughly 1.6× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 4.8%, a 15.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 4.4%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
AAMI vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $274.5M |
| Net Profit | $34.7M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 33.3% | 1.2% |
| Net Margin | 20.2% | 4.8% |
| Revenue YoY | 2.6% | 17.1% |
| Net Profit YoY | -18.4% | 69.8% |
| EPS (diluted) | $0.97 | $0.30 |
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.
| Q4 25 | $172.2M | $274.5M | ||
| Q3 25 | $144.2M | $250.8M | ||
| Q2 25 | $127.4M | $250.7M | ||
| Q1 25 | $119.9M | $227.8M | ||
| Q4 24 | $167.8M | $234.3M | ||
| Q3 24 | $123.1M | $233.1M | ||
| Q2 24 | $109.0M | $257.6M | ||
| Q1 24 | $105.7M | $252.0M |
| Q4 25 | $34.7M | $13.3M | ||
| Q3 25 | $15.1M | $7.5M | ||
| Q2 25 | $10.1M | $6.6M | ||
| Q1 25 | $20.1M | $3.8M | ||
| Q4 24 | $42.5M | $7.8M | ||
| Q3 24 | $16.9M | $-233.6M | ||
| Q2 24 | $11.0M | $20.2M | ||
| Q1 24 | $14.6M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 33.3% | 1.2% | ||
| Q3 25 | 18.4% | 3.1% | ||
| Q2 25 | 12.7% | 0.0% | ||
| Q1 25 | 26.6% | 0.8% | ||
| Q4 24 | 38.7% | 6.0% | ||
| Q3 24 | 21.9% | -108.7% | ||
| Q2 24 | 18.9% | 4.7% | ||
| Q1 24 | 21.7% | 7.6% |
| Q4 25 | 20.2% | 4.8% | ||
| Q3 25 | 10.5% | 3.0% | ||
| Q2 25 | 7.9% | 2.6% | ||
| Q1 25 | 16.8% | 1.6% | ||
| Q4 24 | 25.3% | 3.3% | ||
| Q3 24 | 13.7% | -100.2% | ||
| Q2 24 | 10.1% | 7.8% | ||
| Q1 24 | 13.8% | 9.6% |
| Q4 25 | $0.97 | $0.30 | ||
| Q3 25 | $0.42 | $0.18 | ||
| Q2 25 | $0.28 | $0.16 | ||
| Q1 25 | $0.54 | $0.09 | ||
| Q4 24 | $1.11 | $0.27 | ||
| Q3 24 | $0.45 | $-5.33 | ||
| Q2 24 | $0.29 | $0.45 | ||
| Q1 24 | $0.37 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $839.3M |
| Total DebtLower is stronger | $200.0M | — |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | $677.0M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $899.6M | ||
| Q1 25 | — | $926.9M | ||
| Q4 24 | — | $930.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | $677.0M | $2.4B | ||
| Q3 25 | $751.4M | $2.4B | ||
| Q2 25 | $672.3M | $2.4B | ||
| Q1 25 | $677.3M | $2.3B | ||
| Q4 24 | $703.2M | $2.3B | ||
| Q3 24 | $555.2M | $2.4B | ||
| Q2 24 | $533.1M | $2.5B | ||
| Q1 24 | $544.9M | $2.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | -0.07× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $28.8M | ||
| Q3 25 | $-23.9M | $35.3M | ||
| Q2 25 | $61.6M | $-2.2M | ||
| Q1 25 | $-48.8M | $13.4M | ||
| Q4 24 | $55.8M | $73.8M | ||
| Q3 24 | $69.6M | $66.1M | ||
| Q2 24 | $45.7M | $53.5M | ||
| Q1 24 | $-40.4M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | -0.07× | 2.17× | ||
| Q3 25 | -1.58× | 4.73× | ||
| Q2 25 | 6.10× | -0.34× | ||
| Q1 25 | -2.43× | 3.58× | ||
| Q4 24 | 1.31× | 9.44× | ||
| Q3 24 | 4.12× | — | ||
| Q2 24 | 4.15× | 2.65× | ||
| Q1 24 | -2.77× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAMI
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
