vs
Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $274.5M, roughly 1.3× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 2.5%, a 2.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -6.3%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 4.4%).
Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.
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.
AENT vs IPGP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $274.5M |
| Net Profit | $9.4M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 4.7% | 1.2% |
| Net Margin | 2.5% | 4.8% |
| Revenue YoY | -6.3% | 17.1% |
| Net Profit YoY | 32.8% | 69.8% |
| EPS (diluted) | $0.18 | $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 | $368.7M | $274.5M | ||
| Q3 25 | $254.0M | $250.8M | ||
| Q2 25 | $227.8M | $250.7M | ||
| Q1 25 | $213.0M | $227.8M | ||
| Q4 24 | $393.7M | $234.3M | ||
| Q3 24 | $229.0M | $233.1M | ||
| Q2 24 | $236.9M | $257.6M | ||
| Q1 24 | $211.2M | $252.0M |
| Q4 25 | $9.4M | $13.3M | ||
| Q3 25 | $4.9M | $7.5M | ||
| Q2 25 | $5.8M | $6.6M | ||
| Q1 25 | $1.9M | $3.8M | ||
| Q4 24 | $7.1M | $7.8M | ||
| Q3 24 | $397.0K | $-233.6M | ||
| Q2 24 | $2.5M | $20.2M | ||
| Q1 24 | $-3.4M | $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 | 4.7% | 1.2% | ||
| Q3 25 | 4.2% | 3.1% | ||
| Q2 25 | 4.3% | 0.0% | ||
| Q1 25 | 1.7% | 0.8% | ||
| Q4 24 | 3.8% | 6.0% | ||
| Q3 24 | 0.9% | -108.7% | ||
| Q2 24 | 0.2% | 4.7% | ||
| Q1 24 | -0.3% | 7.6% |
| Q4 25 | 2.5% | 4.8% | ||
| Q3 25 | 1.9% | 3.0% | ||
| Q2 25 | 2.5% | 2.6% | ||
| Q1 25 | 0.9% | 1.6% | ||
| Q4 24 | 1.8% | 3.3% | ||
| Q3 24 | 0.2% | -100.2% | ||
| Q2 24 | 1.1% | 7.8% | ||
| Q1 24 | -1.6% | 9.6% |
| Q4 25 | $0.18 | $0.30 | ||
| Q3 25 | $0.10 | $0.18 | ||
| Q2 25 | $0.11 | $0.16 | ||
| Q1 25 | $0.04 | $0.09 | ||
| Q4 24 | $0.14 | $0.27 | ||
| Q3 24 | $0.01 | $-5.33 | ||
| Q2 24 | $0.05 | $0.45 | ||
| Q1 24 | $-0.07 | $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 | — | — |
| Stockholders' EquityBook value | $117.6M | $2.1B |
| Total Assets | $434.1M | $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 | $4.3M | $1.0B | ||
| Q2 24 | $1.1M | $1.1B | ||
| Q1 24 | $1.6M | $1.1B |
| Q4 25 | $117.6M | $2.1B | ||
| Q3 25 | $108.1M | $2.1B | ||
| Q2 25 | $103.2M | $2.1B | ||
| Q1 25 | $97.4M | $2.1B | ||
| Q4 24 | $95.6M | $2.0B | ||
| Q3 24 | $88.0M | $2.1B | ||
| Q2 24 | $87.6M | $2.3B | ||
| Q1 24 | $85.1M | $2.3B |
| Q4 25 | $434.1M | $2.4B | ||
| Q3 25 | $383.0M | $2.4B | ||
| Q2 25 | $361.2M | $2.4B | ||
| Q1 25 | $349.4M | $2.3B | ||
| Q4 24 | $401.7M | $2.3B | ||
| Q3 24 | $395.7M | $2.4B | ||
| Q2 24 | $340.8M | $2.5B | ||
| Q1 24 | $324.0M | $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 | $-16.5M | $28.8M |
| Free Cash FlowOCF − Capex | $-16.9M | $10.9M |
| FCF MarginFCF / Revenue | -4.6% | 4.0% |
| Capex IntensityCapex / Revenue | 0.1% | 6.5% |
| Cash ConversionOCF / Net Profit | -1.76× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $28.8M | ||
| Q3 25 | $2.7M | $35.3M | ||
| Q2 25 | $10.7M | $-2.2M | ||
| Q1 25 | $2.5M | $13.4M | ||
| Q4 24 | $25.3M | $73.8M | ||
| Q3 24 | $-11.6M | $66.1M | ||
| Q2 24 | $9.7M | $53.5M | ||
| Q1 24 | $20.0M | $54.6M |
| Q4 25 | $-16.9M | $10.9M | ||
| Q3 25 | $2.4M | $14.6M | ||
| Q2 25 | $10.7M | $-17.6M | ||
| Q1 25 | $2.4M | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | $-11.6M | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | $20.0M | $26.5M |
| Q4 25 | -4.6% | 4.0% | ||
| Q3 25 | 0.9% | 5.8% | ||
| Q2 25 | 4.7% | -7.0% | ||
| Q1 25 | 1.1% | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | -5.1% | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | 9.4% | 10.5% |
| Q4 25 | 0.1% | 6.5% | ||
| Q3 25 | 0.1% | 8.3% | ||
| Q2 25 | 0.0% | 6.1% | ||
| Q1 25 | 0.0% | 10.9% | ||
| Q4 24 | 0.0% | 9.9% | ||
| Q3 24 | 0.0% | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | 0.0% | 11.1% |
| Q4 25 | -1.76× | 2.17× | ||
| Q3 25 | 0.56× | 4.73× | ||
| Q2 25 | 1.86× | -0.34× | ||
| Q1 25 | 1.33× | 3.58× | ||
| Q4 24 | 3.57× | 9.44× | ||
| Q3 24 | -29.31× | — | ||
| Q2 24 | 3.85× | 2.65× | ||
| Q1 24 | — | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AENT
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
