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Side-by-side financial comparison of Atmus Filtration Technologies Inc. (ATMU) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Atmus Filtration Technologies Inc. is the larger business by last-quarter revenue ($446.6M vs $274.5M, roughly 1.6× IPG PHOTONICS CORP). Atmus Filtration Technologies Inc. runs the higher net margin — 10.7% vs 4.8%, a 5.9% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 9.8%). Atmus Filtration Technologies Inc. produced more free cash flow last quarter ($31.2M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 2.3%).
Atmus Filtration Technologies Inc. designs, manufactures and distributes high-performance filtration products and tailored solutions. Its portfolio covers air, fuel, oil and hydraulic filtration systems, serving global automotive, heavy-duty vehicle, industrial equipment and aerospace end markets, for both original equipment manufacturers and aftermarket replacement customers.
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.
ATMU vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $446.6M | $274.5M |
| Net Profit | $48.0M | $13.3M |
| Gross Margin | 28.5% | 36.1% |
| Operating Margin | 15.8% | 1.2% |
| Net Margin | 10.7% | 4.8% |
| Revenue YoY | 9.8% | 17.1% |
| Net Profit YoY | 19.7% | 69.8% |
| EPS (diluted) | $0.58 | $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 | $446.6M | $274.5M | ||
| Q3 25 | $447.7M | $250.8M | ||
| Q2 25 | $453.5M | $250.7M | ||
| Q1 25 | $416.5M | $227.8M | ||
| Q4 24 | $406.7M | $234.3M | ||
| Q3 24 | $403.7M | $233.1M | ||
| Q2 24 | $432.6M | $257.6M | ||
| Q1 24 | $426.6M | $252.0M |
| Q4 25 | $48.0M | $13.3M | ||
| Q3 25 | $54.8M | $7.5M | ||
| Q2 25 | $59.9M | $6.6M | ||
| Q1 25 | $44.7M | $3.8M | ||
| Q4 24 | $40.1M | $7.8M | ||
| Q3 24 | $43.8M | $-233.6M | ||
| Q2 24 | $56.2M | $20.2M | ||
| Q1 24 | $45.5M | $24.1M |
| Q4 25 | 28.5% | 36.1% | ||
| Q3 25 | 28.9% | 39.5% | ||
| Q2 25 | 28.9% | 37.3% | ||
| Q1 25 | 26.5% | 39.4% | ||
| Q4 24 | 26.3% | 38.6% | ||
| Q3 24 | 27.6% | 23.2% | ||
| Q2 24 | 30.5% | 37.3% | ||
| Q1 24 | 26.2% | 38.7% |
| Q4 25 | 15.8% | 1.2% | ||
| Q3 25 | 18.3% | 3.1% | ||
| Q2 25 | 18.0% | 0.0% | ||
| Q1 25 | 15.6% | 0.8% | ||
| Q4 24 | 13.4% | 6.0% | ||
| Q3 24 | 15.7% | -108.7% | ||
| Q2 24 | 18.4% | 4.7% | ||
| Q1 24 | 16.1% | 7.6% |
| Q4 25 | 10.7% | 4.8% | ||
| Q3 25 | 12.2% | 3.0% | ||
| Q2 25 | 13.2% | 2.6% | ||
| Q1 25 | 10.7% | 1.6% | ||
| Q4 24 | 9.9% | 3.3% | ||
| Q3 24 | 10.8% | -100.2% | ||
| Q2 24 | 13.0% | 7.8% | ||
| Q1 24 | 10.7% | 9.6% |
| Q4 25 | $0.58 | $0.30 | ||
| Q3 25 | $0.66 | $0.18 | ||
| Q2 25 | $0.72 | $0.16 | ||
| Q1 25 | $0.54 | $0.09 | ||
| Q4 24 | $0.49 | $0.27 | ||
| Q3 24 | $0.52 | $-5.33 | ||
| Q2 24 | $0.67 | $0.45 | ||
| Q1 24 | $0.54 | $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 | $236.4M | $839.3M |
| Total DebtLower is stronger | $570.0M | — |
| Stockholders' EquityBook value | $378.5M | $2.1B |
| Total Assets | $1.4B | $2.4B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.4M | $839.3M | ||
| Q3 25 | $218.3M | $870.4M | ||
| Q2 25 | $190.8M | $899.6M | ||
| Q1 25 | $183.3M | $926.9M | ||
| Q4 24 | $184.3M | $930.2M | ||
| Q3 24 | $196.8M | $1.0B | ||
| Q2 24 | $160.5M | $1.1B | ||
| Q1 24 | $149.2M | $1.1B |
| Q4 25 | $570.0M | — | ||
| Q3 25 | $577.5M | — | ||
| Q2 25 | $585.0M | — | ||
| Q1 25 | $588.8M | — | ||
| Q4 24 | $592.5M | — | ||
| Q3 24 | $596.2M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | $600.0M | — |
| Q4 25 | $378.5M | $2.1B | ||
| Q3 25 | $336.7M | $2.1B | ||
| Q2 25 | $316.3M | $2.1B | ||
| Q1 25 | $265.3M | $2.1B | ||
| Q4 24 | $227.4M | $2.0B | ||
| Q3 24 | $221.2M | $2.1B | ||
| Q2 24 | $178.1M | $2.3B | ||
| Q1 24 | $121.8M | $2.3B |
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.5B | ||
| Q1 24 | $1.1B | $2.6B |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 3.37× | — | ||
| Q1 24 | 4.93× | — |
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 | $47.5M | $28.8M |
| Free Cash FlowOCF − Capex | $31.2M | $10.9M |
| FCF MarginFCF / Revenue | 7.0% | 4.0% |
| Capex IntensityCapex / Revenue | 3.6% | 6.5% |
| Cash ConversionOCF / Net Profit | 0.99× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $148.8M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.5M | $28.8M | ||
| Q3 25 | $82.1M | $35.3M | ||
| Q2 25 | $44.4M | $-2.2M | ||
| Q1 25 | $28.7M | $13.4M | ||
| Q4 24 | $20.0M | $73.8M | ||
| Q3 24 | $70.7M | $66.1M | ||
| Q2 24 | $22.9M | $53.5M | ||
| Q1 24 | $-8.2M | $54.6M |
| Q4 25 | $31.2M | $10.9M | ||
| Q3 25 | $68.9M | $14.6M | ||
| Q2 25 | $32.4M | $-17.6M | ||
| Q1 25 | $16.3M | $-11.4M | ||
| Q4 24 | $10.0M | $50.6M | ||
| Q3 24 | $54.3M | $43.0M | ||
| Q2 24 | $11.3M | $29.2M | ||
| Q1 24 | $-18.8M | $26.5M |
| Q4 25 | 7.0% | 4.0% | ||
| Q3 25 | 15.4% | 5.8% | ||
| Q2 25 | 7.1% | -7.0% | ||
| Q1 25 | 3.9% | -5.0% | ||
| Q4 24 | 2.5% | 21.6% | ||
| Q3 24 | 13.5% | 18.4% | ||
| Q2 24 | 2.6% | 11.3% | ||
| Q1 24 | -4.4% | 10.5% |
| Q4 25 | 3.6% | 6.5% | ||
| Q3 25 | 2.9% | 8.3% | ||
| Q2 25 | 2.6% | 6.1% | ||
| Q1 25 | 3.0% | 10.9% | ||
| Q4 24 | 2.5% | 9.9% | ||
| Q3 24 | 4.1% | 9.9% | ||
| Q2 24 | 2.7% | 9.4% | ||
| Q1 24 | 2.5% | 11.1% |
| Q4 25 | 0.99× | 2.17× | ||
| Q3 25 | 1.50× | 4.73× | ||
| Q2 25 | 0.74× | -0.34× | ||
| Q1 25 | 0.64× | 3.58× | ||
| Q4 24 | 0.50× | 9.44× | ||
| Q3 24 | 1.61× | — | ||
| Q2 24 | 0.41× | 2.65× | ||
| Q1 24 | -0.18× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATMU
| Fuel Products | $219.1M | 49% |
| Lube | $84.8M | 19% |
| Air | $74.0M | 17% |
| Other | $68.7M | 15% |
| Related Party | $14.9M | 3% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
