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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) 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 $183.6M, roughly 1.5× ACV Auctions Inc.). On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 15.1%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-14.7M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs 4.4%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
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.
ACVA vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $274.5M |
| Net Profit | — | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | -9.7% | 1.2% |
| Net Margin | — | 4.8% |
| Revenue YoY | 15.1% | 17.1% |
| Net Profit YoY | — | 69.8% |
| EPS (diluted) | $-0.12 | $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 | $183.6M | $274.5M | ||
| Q3 25 | $199.6M | $250.8M | ||
| Q2 25 | $193.7M | $250.7M | ||
| Q1 25 | $182.7M | $227.8M | ||
| Q4 24 | $159.5M | $234.3M | ||
| Q3 24 | $171.3M | $233.1M | ||
| Q2 24 | $160.6M | $257.6M | ||
| Q1 24 | $145.7M | $252.0M |
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-24.5M | $7.5M | ||
| Q2 25 | $-7.3M | $6.6M | ||
| Q1 25 | $-14.8M | $3.8M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $-16.0M | $-233.6M | ||
| Q2 24 | $-17.1M | $20.2M | ||
| Q1 24 | $-20.5M | $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 | -9.7% | 1.2% | ||
| Q3 25 | -11.9% | 3.1% | ||
| Q2 25 | -3.7% | 0.0% | ||
| Q1 25 | -7.9% | 0.8% | ||
| Q4 24 | -16.2% | 6.0% | ||
| Q3 24 | -10.0% | -108.7% | ||
| Q2 24 | -11.6% | 4.7% | ||
| Q1 24 | -15.5% | 7.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | -12.3% | 3.0% | ||
| Q2 25 | -3.8% | 2.6% | ||
| Q1 25 | -8.1% | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | -9.4% | -100.2% | ||
| Q2 24 | -10.6% | 7.8% | ||
| Q1 24 | -14.1% | 9.6% |
| Q4 25 | $-0.12 | $0.30 | ||
| Q3 25 | $-0.14 | $0.18 | ||
| Q2 25 | $-0.04 | $0.16 | ||
| Q1 25 | $-0.09 | $0.09 | ||
| Q4 24 | $-0.15 | $0.27 | ||
| Q3 24 | $-0.10 | $-5.33 | ||
| Q2 24 | $-0.10 | $0.45 | ||
| Q1 24 | $-0.13 | $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 | $271.5M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $429.7M | $2.1B |
| Total Assets | $1.1B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $839.3M | ||
| Q3 25 | $265.3M | $870.4M | ||
| Q2 25 | $258.4M | $899.6M | ||
| Q1 25 | $291.9M | $926.9M | ||
| Q4 24 | $224.1M | $930.2M | ||
| Q3 24 | $252.5M | $1.0B | ||
| Q2 24 | $215.0M | $1.1B | ||
| Q1 24 | $209.8M | $1.1B |
| Q4 25 | $429.7M | $2.1B | ||
| Q3 25 | $434.4M | $2.1B | ||
| Q2 25 | $448.8M | $2.1B | ||
| Q1 25 | $439.6M | $2.1B | ||
| Q4 24 | $440.0M | $2.0B | ||
| Q3 24 | $456.2M | $2.1B | ||
| Q2 24 | $457.6M | $2.3B | ||
| Q1 24 | $458.3M | $2.3B |
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $984.1M | $2.3B | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $1.0B | $2.5B | ||
| Q1 24 | $1.0B | $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 | $-12.4M | $28.8M |
| Free Cash FlowOCF − Capex | $-14.7M | $10.9M |
| FCF MarginFCF / Revenue | -8.0% | 4.0% |
| Capex IntensityCapex / Revenue | 1.2% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $28.8M | ||
| Q3 25 | $10.3M | $35.3M | ||
| Q2 25 | $13.7M | $-2.2M | ||
| Q1 25 | $66.6M | $13.4M | ||
| Q4 24 | $-3.2M | $73.8M | ||
| Q3 24 | $21.1M | $66.1M | ||
| Q2 24 | $4.5M | $53.5M | ||
| Q1 24 | $43.0M | $54.6M |
| Q4 25 | $-14.7M | $10.9M | ||
| Q3 25 | $7.7M | $14.6M | ||
| Q2 25 | $10.9M | $-17.6M | ||
| Q1 25 | $65.3M | $-11.4M | ||
| Q4 24 | $-3.9M | $50.6M | ||
| Q3 24 | $20.2M | $43.0M | ||
| Q2 24 | $2.7M | $29.2M | ||
| Q1 24 | $41.9M | $26.5M |
| Q4 25 | -8.0% | 4.0% | ||
| Q3 25 | 3.8% | 5.8% | ||
| Q2 25 | 5.6% | -7.0% | ||
| Q1 25 | 35.7% | -5.0% | ||
| Q4 24 | -2.5% | 21.6% | ||
| Q3 24 | 11.8% | 18.4% | ||
| Q2 24 | 1.7% | 11.3% | ||
| Q1 24 | 28.8% | 10.5% |
| Q4 25 | 1.2% | 6.5% | ||
| Q3 25 | 1.3% | 8.3% | ||
| Q2 25 | 1.5% | 6.1% | ||
| Q1 25 | 0.7% | 10.9% | ||
| Q4 24 | 0.4% | 9.9% | ||
| Q3 24 | 0.6% | 9.9% | ||
| Q2 24 | 1.1% | 9.4% | ||
| Q1 24 | 0.7% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
