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Side-by-side financial comparison of Andersons, Inc. (ANDE) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $274.5M, roughly 1.2× IPG PHOTONICS CORP). Andersons, Inc. runs the higher net margin — 20.5% vs 4.8%, a 15.6% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -2.4%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-77.1M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $274.5M |
| Net Profit | $67.4M | $13.3M |
| Gross Margin | 70.3% | 36.1% |
| Operating Margin | 26.6% | 1.2% |
| Net Margin | 20.5% | 4.8% |
| Revenue YoY | -2.4% | 17.1% |
| Net Profit YoY | 49.6% | 69.8% |
| EPS (diluted) | — | $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 | $329.5M | $274.5M | ||
| Q3 25 | $295.8M | $250.8M | ||
| Q2 25 | $535.0M | $250.7M | ||
| Q1 25 | $370.8M | $227.8M | ||
| Q4 24 | $337.5M | $234.3M | ||
| Q3 24 | $231.9M | $233.1M | ||
| Q2 24 | $492.5M | $257.6M | ||
| Q1 24 | $341.4M | $252.0M |
| Q4 25 | $67.4M | $13.3M | ||
| Q3 25 | $20.1M | $7.5M | ||
| Q2 25 | $7.9M | $6.6M | ||
| Q1 25 | $284.0K | $3.8M | ||
| Q4 24 | $45.1M | $7.8M | ||
| Q3 24 | $27.4M | $-233.6M | ||
| Q2 24 | $36.0M | $20.2M | ||
| Q1 24 | $5.6M | $24.1M |
| Q4 25 | 70.3% | 36.1% | ||
| Q3 25 | 57.8% | 39.5% | ||
| Q2 25 | 29.6% | 37.3% | ||
| Q1 25 | 41.2% | 39.4% | ||
| Q4 24 | 63.1% | 38.6% | ||
| Q3 24 | 76.4% | 23.2% | ||
| Q2 24 | 35.6% | 37.3% | ||
| Q1 24 | 37.6% | 38.7% |
| Q4 25 | 26.6% | 1.2% | ||
| Q3 25 | 8.7% | 3.1% | ||
| Q2 25 | 4.6% | 0.0% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 19.9% | 6.0% | ||
| Q3 24 | 26.8% | -108.7% | ||
| Q2 24 | 11.6% | 4.7% | ||
| Q1 24 | 4.1% | 7.6% |
| Q4 25 | 20.5% | 4.8% | ||
| Q3 25 | 6.8% | 3.0% | ||
| Q2 25 | 1.5% | 2.6% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 13.4% | 3.3% | ||
| Q3 24 | 11.8% | -100.2% | ||
| Q2 24 | 7.3% | 7.8% | ||
| Q1 24 | 1.6% | 9.6% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | $0.59 | $0.18 | ||
| Q2 25 | $0.23 | $0.16 | ||
| Q1 25 | $0.01 | $0.09 | ||
| Q4 24 | $1.31 | $0.27 | ||
| Q3 24 | $0.80 | $-5.33 | ||
| Q2 24 | $1.05 | $0.45 | ||
| Q1 24 | $0.16 | $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 | $98.3M | $839.3M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $2.1B |
| Total Assets | $3.7B | $2.4B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $899.6M | ||
| Q1 25 | — | $926.9M | ||
| Q4 24 | $561.8M | $930.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.3B | ||
| Q1 24 | $1.3B | $2.3B |
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $3.3B | $2.4B | ||
| Q2 25 | $3.4B | $2.4B | ||
| Q1 25 | $3.8B | $2.3B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $3.4B | $2.4B | ||
| Q2 24 | $3.3B | $2.5B | ||
| Q1 24 | $3.3B | $2.6B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-6.2M | $28.8M |
| Free Cash FlowOCF − Capex | $-77.1M | $10.9M |
| FCF MarginFCF / Revenue | -23.4% | 4.0% |
| Capex IntensityCapex / Revenue | 21.5% | 6.5% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $28.8M | ||
| Q3 25 | $233.9M | $35.3M | ||
| Q2 25 | $299.3M | $-2.2M | ||
| Q1 25 | $-350.0M | $13.4M | ||
| Q4 24 | $268.8M | $73.8M | ||
| Q3 24 | $-2.1M | $66.1M | ||
| Q2 24 | $304.4M | $53.5M | ||
| Q1 24 | $-239.6M | $54.6M |
| Q4 25 | $-77.1M | $10.9M | ||
| Q3 25 | $167.0M | $14.6M | ||
| Q2 25 | $250.5M | $-17.6M | ||
| Q1 25 | $-396.6M | $-11.4M | ||
| Q4 24 | $212.9M | $50.6M | ||
| Q3 24 | $-40.0M | $43.0M | ||
| Q2 24 | $275.8M | $29.2M | ||
| Q1 24 | $-266.4M | $26.5M |
| Q4 25 | -23.4% | 4.0% | ||
| Q3 25 | 56.5% | 5.8% | ||
| Q2 25 | 46.8% | -7.0% | ||
| Q1 25 | -106.9% | -5.0% | ||
| Q4 24 | 63.1% | 21.6% | ||
| Q3 24 | -17.2% | 18.4% | ||
| Q2 24 | 56.0% | 11.3% | ||
| Q1 24 | -78.0% | 10.5% |
| Q4 25 | 21.5% | 6.5% | ||
| Q3 25 | 22.6% | 8.3% | ||
| Q2 25 | 9.1% | 6.1% | ||
| Q1 25 | 12.6% | 10.9% | ||
| Q4 24 | 16.6% | 9.9% | ||
| Q3 24 | 16.3% | 9.9% | ||
| Q2 24 | 5.8% | 9.4% | ||
| Q1 24 | 7.8% | 11.1% |
| Q4 25 | -0.09× | 2.17× | ||
| Q3 25 | 11.61× | 4.73× | ||
| Q2 25 | 38.10× | -0.34× | ||
| Q1 25 | -1232.46× | 3.58× | ||
| Q4 24 | 5.96× | 9.44× | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | 2.65× | ||
| Q1 24 | -42.94× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
