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Side-by-side financial comparison of AdvanSix Inc. (ASIX) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
AdvanSix Inc. is the larger business by last-quarter revenue ($359.9M vs $274.5M, roughly 1.3× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -0.8%, a 5.6% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 9.4%). AdvanSix Inc. produced more free cash flow last quarter ($36.1M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 3.4%).
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers. It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company. The unit accounted for 3 percent of Honeywell's sales at the time. For 2019, revenue is estimated at $1.4 billion. The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.
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.
ASIX vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $359.9M | $274.5M |
| Net Profit | $-2.8M | $13.3M |
| Gross Margin | 7.6% | 36.1% |
| Operating Margin | -0.7% | 1.2% |
| Net Margin | -0.8% | 4.8% |
| Revenue YoY | 9.4% | 17.1% |
| Net Profit YoY | -892.9% | 69.8% |
| EPS (diluted) | $-0.11 | $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 | $359.9M | $274.5M | ||
| Q3 25 | $374.5M | $250.8M | ||
| Q2 25 | $410.0M | $250.7M | ||
| Q1 25 | $377.8M | $227.8M | ||
| Q4 24 | $329.1M | $234.3M | ||
| Q3 24 | $398.2M | $233.1M | ||
| Q2 24 | $453.5M | $257.6M | ||
| Q1 24 | $336.8M | $252.0M |
| Q4 25 | $-2.8M | $13.3M | ||
| Q3 25 | $-2.6M | $7.5M | ||
| Q2 25 | $31.4M | $6.6M | ||
| Q1 25 | $23.3M | $3.8M | ||
| Q4 24 | $352.0K | $7.8M | ||
| Q3 24 | $22.3M | $-233.6M | ||
| Q2 24 | $38.9M | $20.2M | ||
| Q1 24 | $-17.4M | $24.1M |
| Q4 25 | 7.6% | 36.1% | ||
| Q3 25 | 6.8% | 39.5% | ||
| Q2 25 | 14.3% | 37.3% | ||
| Q1 25 | 14.2% | 39.4% | ||
| Q4 24 | 3.4% | 38.6% | ||
| Q3 24 | 14.4% | 23.2% | ||
| Q2 24 | 17.9% | 37.3% | ||
| Q1 24 | 0.9% | 38.7% |
| Q4 25 | -0.7% | 1.2% | ||
| Q3 25 | -0.9% | 3.1% | ||
| Q2 25 | 7.7% | 0.0% | ||
| Q1 25 | 7.7% | 0.8% | ||
| Q4 24 | -3.9% | 6.0% | ||
| Q3 24 | 7.5% | -108.7% | ||
| Q2 24 | 11.5% | 4.7% | ||
| Q1 24 | -7.0% | 7.6% |
| Q4 25 | -0.8% | 4.8% | ||
| Q3 25 | -0.7% | 3.0% | ||
| Q2 25 | 7.7% | 2.6% | ||
| Q1 25 | 6.2% | 1.6% | ||
| Q4 24 | 0.1% | 3.3% | ||
| Q3 24 | 5.6% | -100.2% | ||
| Q2 24 | 8.6% | 7.8% | ||
| Q1 24 | -5.2% | 9.6% |
| Q4 25 | $-0.11 | $0.30 | ||
| Q3 25 | $-0.10 | $0.18 | ||
| Q2 25 | $1.15 | $0.16 | ||
| Q1 25 | $0.86 | $0.09 | ||
| Q4 24 | $0.02 | $0.27 | ||
| Q3 24 | $0.82 | $-5.33 | ||
| Q2 24 | $1.43 | $0.45 | ||
| Q1 24 | $-0.65 | $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 | $19.8M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $815.2M | $2.1B |
| Total Assets | $1.7B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | $839.3M | ||
| Q3 25 | $23.7M | $870.4M | ||
| Q2 25 | $18.4M | $899.6M | ||
| Q1 25 | $8.3M | $926.9M | ||
| Q4 24 | $19.6M | $930.2M | ||
| Q3 24 | $17.3M | $1.0B | ||
| Q2 24 | $12.1M | $1.1B | ||
| Q1 24 | $20.6M | $1.1B |
| Q4 25 | $815.2M | $2.1B | ||
| Q3 25 | $818.2M | $2.1B | ||
| Q2 25 | $823.7M | $2.1B | ||
| Q1 25 | $794.4M | $2.1B | ||
| Q4 24 | $774.6M | $2.0B | ||
| Q3 24 | $766.4M | $2.1B | ||
| Q2 24 | $746.6M | $2.3B | ||
| Q1 24 | $713.2M | $2.3B |
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $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 | $63.7M | $28.8M |
| Free Cash FlowOCF − Capex | $36.1M | $10.9M |
| FCF MarginFCF / Revenue | 10.0% | 4.0% |
| Capex IntensityCapex / Revenue | 7.7% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $6.4M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | $28.8M | ||
| Q3 25 | $26.6M | $35.3M | ||
| Q2 25 | $21.1M | $-2.2M | ||
| Q1 25 | $11.4M | $13.4M | ||
| Q4 24 | $64.2M | $73.8M | ||
| Q3 24 | $57.3M | $66.1M | ||
| Q2 24 | $50.2M | $53.5M | ||
| Q1 24 | $-36.2M | $54.6M |
| Q4 25 | $36.1M | $10.9M | ||
| Q3 25 | $66.0K | $14.6M | ||
| Q2 25 | $-7.2M | $-17.6M | ||
| Q1 25 | $-22.6M | $-11.4M | ||
| Q4 24 | $29.8M | $50.6M | ||
| Q3 24 | $26.8M | $43.0M | ||
| Q2 24 | $16.7M | $29.2M | ||
| Q1 24 | $-71.6M | $26.5M |
| Q4 25 | 10.0% | 4.0% | ||
| Q3 25 | 0.0% | 5.8% | ||
| Q2 25 | -1.7% | -7.0% | ||
| Q1 25 | -6.0% | -5.0% | ||
| Q4 24 | 9.1% | 21.6% | ||
| Q3 24 | 6.7% | 18.4% | ||
| Q2 24 | 3.7% | 11.3% | ||
| Q1 24 | -21.3% | 10.5% |
| Q4 25 | 7.7% | 6.5% | ||
| Q3 25 | 7.1% | 8.3% | ||
| Q2 25 | 6.9% | 6.1% | ||
| Q1 25 | 9.0% | 10.9% | ||
| Q4 24 | 10.4% | 9.9% | ||
| Q3 24 | 7.7% | 9.9% | ||
| Q2 24 | 7.4% | 9.4% | ||
| Q1 24 | 10.5% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 0.67× | -0.34× | ||
| Q1 25 | 0.49× | 3.58× | ||
| Q4 24 | 182.29× | 9.44× | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | 1.29× | 2.65× | ||
| Q1 24 | — | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASIX
| Plant Nutrients | $140.0M | 39% |
| Chemical Intermediates | $92.8M | 26% |
| Caprolactam | $64.4M | 18% |
| Nylon Resins | $62.8M | 17% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
