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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) 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 $141.3M, roughly 1.9× Arlo Technologies, Inc.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 4.1%, a 0.8% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 16.2%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs 4.4%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
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.
ARLO vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $274.5M |
| Net Profit | $5.8M | $13.3M |
| Gross Margin | 46.4% | 36.1% |
| Operating Margin | 3.3% | 1.2% |
| Net Margin | 4.1% | 4.8% |
| Revenue YoY | 16.2% | 17.1% |
| Net Profit YoY | 218.6% | 69.8% |
| EPS (diluted) | $0.06 | $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 | $141.3M | $274.5M | ||
| Q3 25 | $139.5M | $250.8M | ||
| Q2 25 | $129.4M | $250.7M | ||
| Q1 25 | $119.1M | $227.8M | ||
| Q4 24 | $121.6M | $234.3M | ||
| Q3 24 | $137.7M | $233.1M | ||
| Q2 24 | $127.4M | $257.6M | ||
| Q1 24 | $124.2M | $252.0M |
| Q4 25 | $5.8M | $13.3M | ||
| Q3 25 | $6.9M | $7.5M | ||
| Q2 25 | $3.1M | $6.6M | ||
| Q1 25 | $-835.0K | $3.8M | ||
| Q4 24 | $-4.9M | $7.8M | ||
| Q3 24 | $-4.4M | $-233.6M | ||
| Q2 24 | $-11.6M | $20.2M | ||
| Q1 24 | $-9.6M | $24.1M |
| Q4 25 | 46.4% | 36.1% | ||
| Q3 25 | 40.5% | 39.5% | ||
| Q2 25 | 44.9% | 37.3% | ||
| Q1 25 | 44.3% | 39.4% | ||
| Q4 24 | 36.9% | 38.6% | ||
| Q3 24 | 35.2% | 23.2% | ||
| Q2 24 | 36.8% | 37.3% | ||
| Q1 24 | 38.1% | 38.7% |
| Q4 25 | 3.3% | 1.2% | ||
| Q3 25 | 0.6% | 3.1% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | -1.2% | 0.8% | ||
| Q4 24 | -5.0% | 6.0% | ||
| Q3 24 | -4.0% | -108.7% | ||
| Q2 24 | -10.0% | 4.7% | ||
| Q1 24 | -8.5% | 7.6% |
| Q4 25 | 4.1% | 4.8% | ||
| Q3 25 | 4.9% | 3.0% | ||
| Q2 25 | 2.4% | 2.6% | ||
| Q1 25 | -0.7% | 1.6% | ||
| Q4 24 | -4.0% | 3.3% | ||
| Q3 24 | -3.2% | -100.2% | ||
| Q2 24 | -9.1% | 7.8% | ||
| Q1 24 | -7.8% | 9.6% |
| Q4 25 | $0.06 | $0.30 | ||
| Q3 25 | $0.06 | $0.18 | ||
| Q2 25 | $0.03 | $0.16 | ||
| Q1 25 | $-0.01 | $0.09 | ||
| Q4 24 | $-0.05 | $0.27 | ||
| Q3 24 | $-0.04 | $-5.33 | ||
| Q2 24 | $-0.12 | $0.45 | ||
| Q1 24 | $-0.10 | $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 | $146.4M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | $2.1B |
| Total Assets | $310.5M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $146.4M | $839.3M | ||
| Q3 25 | $86.0M | $870.4M | ||
| Q2 25 | $71.2M | $899.6M | ||
| Q1 25 | $84.0M | $926.9M | ||
| Q4 24 | $82.0M | $930.2M | ||
| Q3 24 | $77.0M | $1.0B | ||
| Q2 24 | $62.9M | $1.1B | ||
| Q1 24 | $62.1M | $1.1B |
| Q4 25 | $127.8M | $2.1B | ||
| Q3 25 | $129.2M | $2.1B | ||
| Q2 25 | $118.3M | $2.1B | ||
| Q1 25 | $103.4M | $2.1B | ||
| Q4 24 | $100.9M | $2.0B | ||
| Q3 24 | $96.9M | $2.1B | ||
| Q2 24 | $99.3M | $2.3B | ||
| Q1 24 | $99.9M | $2.3B |
| Q4 25 | $310.5M | $2.4B | ||
| Q3 25 | $350.9M | $2.4B | ||
| Q2 25 | $319.7M | $2.4B | ||
| Q1 25 | $296.6M | $2.3B | ||
| Q4 24 | $298.4M | $2.3B | ||
| Q3 24 | $312.4M | $2.4B | ||
| Q2 24 | $295.8M | $2.5B | ||
| Q1 24 | $289.8M | $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 | $19.8M | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 3.43× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $28.8M | ||
| Q3 25 | $19.2M | $35.3M | ||
| Q2 25 | $8.8M | $-2.2M | ||
| Q1 25 | $30.9M | $13.4M | ||
| Q4 24 | $6.7M | $73.8M | ||
| Q3 24 | $18.4M | $66.1M | ||
| Q2 24 | $6.5M | $53.5M | ||
| Q1 24 | $19.8M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | $28.1M | $-11.4M | ||
| Q4 24 | $5.6M | $50.6M | ||
| Q3 24 | $17.4M | $43.0M | ||
| Q2 24 | $6.2M | $29.2M | ||
| Q1 24 | $19.4M | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | 23.6% | -5.0% | ||
| Q4 24 | 4.6% | 21.6% | ||
| Q3 24 | 12.6% | 18.4% | ||
| Q2 24 | 4.8% | 11.3% | ||
| Q1 24 | 15.7% | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | 2.4% | 10.9% | ||
| Q4 24 | 0.9% | 9.9% | ||
| Q3 24 | 0.7% | 9.9% | ||
| Q2 24 | 0.2% | 9.4% | ||
| Q1 24 | 0.3% | 11.1% |
| Q4 25 | 3.43× | 2.17× | ||
| Q3 25 | 2.79× | 4.73× | ||
| Q2 25 | 2.83× | -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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
