vs
Side-by-side financial comparison of ALBANY INTERNATIONAL CORP (AIN) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
ALBANY INTERNATIONAL CORP is the larger business by last-quarter revenue ($321.2M vs $274.5M, roughly 1.2× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 4.3%, a 0.5% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 12.0%). ALBANY INTERNATIONAL CORP produced more free cash flow last quarter ($51.4M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 1.2%).
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
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.
AIN vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $321.2M | $274.5M |
| Net Profit | $13.9M | $13.3M |
| Gross Margin | 31.1% | 36.1% |
| Operating Margin | 9.3% | 1.2% |
| Net Margin | 4.3% | 4.8% |
| Revenue YoY | 12.0% | 17.1% |
| Net Profit YoY | -21.5% | 69.8% |
| EPS (diluted) | $0.56 | $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 | $321.2M | $274.5M | ||
| Q3 25 | $261.4M | $250.8M | ||
| Q2 25 | $311.4M | $250.7M | ||
| Q1 25 | $288.8M | $227.8M | ||
| Q4 24 | $286.9M | $234.3M | ||
| Q3 24 | $298.4M | $233.1M | ||
| Q2 24 | $332.0M | $257.6M | ||
| Q1 24 | $313.3M | $252.0M |
| Q4 25 | $13.9M | $13.3M | ||
| Q3 25 | $-97.8M | $7.5M | ||
| Q2 25 | $9.2M | $6.6M | ||
| Q1 25 | $17.4M | $3.8M | ||
| Q4 24 | $17.7M | $7.8M | ||
| Q3 24 | $18.0M | $-233.6M | ||
| Q2 24 | $24.6M | $20.2M | ||
| Q1 24 | $27.3M | $24.1M |
| Q4 25 | 31.1% | 36.1% | ||
| Q3 25 | -19.1% | 39.5% | ||
| Q2 25 | 31.3% | 37.3% | ||
| Q1 25 | 33.4% | 39.4% | ||
| Q4 24 | 31.5% | 38.6% | ||
| Q3 24 | 30.3% | 23.2% | ||
| Q2 24 | 33.9% | 37.3% | ||
| Q1 24 | 34.7% | 38.7% |
| Q4 25 | 9.3% | 1.2% | ||
| Q3 25 | -44.6% | 3.1% | ||
| Q2 25 | 7.2% | 0.0% | ||
| Q1 25 | 9.8% | 0.8% | ||
| Q4 24 | 8.5% | 6.0% | ||
| Q3 24 | 8.4% | -108.7% | ||
| Q2 24 | 12.9% | 4.7% | ||
| Q1 24 | 12.4% | 7.6% |
| Q4 25 | 4.3% | 4.8% | ||
| Q3 25 | -37.4% | 3.0% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 6.0% | 1.6% | ||
| Q4 24 | 6.2% | 3.3% | ||
| Q3 24 | 6.0% | -100.2% | ||
| Q2 24 | 7.4% | 7.8% | ||
| Q1 24 | 8.7% | 9.6% |
| Q4 25 | $0.56 | $0.30 | ||
| Q3 25 | $-3.37 | $0.18 | ||
| Q2 25 | $0.31 | $0.16 | ||
| Q1 25 | $0.56 | $0.09 | ||
| Q4 24 | $0.57 | $0.27 | ||
| Q3 24 | $0.57 | $-5.33 | ||
| Q2 24 | $0.79 | $0.45 | ||
| Q1 24 | $0.87 | $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 | $112.3M | $839.3M |
| Total DebtLower is stronger | $455.7M | — |
| Stockholders' EquityBook value | $726.2M | $2.1B |
| Total Assets | $1.7B | $2.4B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.3M | $839.3M | ||
| Q3 25 | $108.3M | $870.4M | ||
| Q2 25 | $106.7M | $899.6M | ||
| Q1 25 | $119.4M | $926.9M | ||
| Q4 24 | $115.3M | $930.2M | ||
| Q3 24 | $127.2M | $1.0B | ||
| Q2 24 | $116.4M | $1.1B | ||
| Q1 24 | $125.4M | $1.1B |
| Q4 25 | $455.7M | — | ||
| Q3 25 | $480.6M | — | ||
| Q2 25 | $444.7M | — | ||
| Q1 25 | $416.4M | — | ||
| Q4 24 | $318.5M | — | ||
| Q3 24 | $362.2M | — | ||
| Q2 24 | $377.1M | — | ||
| Q1 24 | $439.1M | — |
| Q4 25 | $726.2M | $2.1B | ||
| Q3 25 | $739.3M | $2.1B | ||
| Q2 25 | $888.6M | $2.1B | ||
| Q1 25 | $900.0M | $2.1B | ||
| Q4 24 | $943.5M | $2.0B | ||
| Q3 24 | $991.0M | $2.1B | ||
| Q2 24 | $967.5M | $2.3B | ||
| Q1 24 | $967.5M | $2.3B |
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.5B | ||
| Q1 24 | $1.8B | $2.6B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.39× | — | ||
| Q1 24 | 0.45× | — |
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 | $73.7M | $28.8M |
| Free Cash FlowOCF − Capex | $51.4M | $10.9M |
| FCF MarginFCF / Revenue | 16.0% | 4.0% |
| Capex IntensityCapex / Revenue | 6.9% | 6.5% |
| Cash ConversionOCF / Net Profit | 5.31× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $82.6M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.7M | $28.8M | ||
| Q3 25 | $43.9M | $35.3M | ||
| Q2 25 | $32.7M | $-2.2M | ||
| Q1 25 | $2.1M | $13.4M | ||
| Q4 24 | $78.5M | $73.8M | ||
| Q3 24 | $47.0M | $66.1M | ||
| Q2 24 | $83.4M | $53.5M | ||
| Q1 24 | $9.6M | $54.6M |
| Q4 25 | $51.4M | $10.9M | ||
| Q3 25 | $25.9M | $14.6M | ||
| Q2 25 | $18.8M | $-17.6M | ||
| Q1 25 | $-13.5M | $-11.4M | ||
| Q4 24 | $60.2M | $50.6M | ||
| Q3 24 | $31.6M | $43.0M | ||
| Q2 24 | $63.6M | $29.2M | ||
| Q1 24 | $-17.3M | $26.5M |
| Q4 25 | 16.0% | 4.0% | ||
| Q3 25 | 9.9% | 5.8% | ||
| Q2 25 | 6.0% | -7.0% | ||
| Q1 25 | -4.7% | -5.0% | ||
| Q4 24 | 21.0% | 21.6% | ||
| Q3 24 | 10.6% | 18.4% | ||
| Q2 24 | 19.2% | 11.3% | ||
| Q1 24 | -5.5% | 10.5% |
| Q4 25 | 6.9% | 6.5% | ||
| Q3 25 | 6.9% | 8.3% | ||
| Q2 25 | 4.5% | 6.1% | ||
| Q1 25 | 5.4% | 10.9% | ||
| Q4 24 | 6.4% | 9.9% | ||
| Q3 24 | 5.2% | 9.9% | ||
| Q2 24 | 6.0% | 9.4% | ||
| Q1 24 | 8.6% | 11.1% |
| Q4 25 | 5.31× | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 3.56× | -0.34× | ||
| Q1 25 | 0.12× | 3.58× | ||
| Q4 24 | 4.44× | 9.44× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 3.39× | 2.65× | ||
| Q1 24 | 0.35× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
