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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.

BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $274.5M, roughly 1.3× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 3.6%, a 1.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 3.2%). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 2.6%).

BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.

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.

BJRI vs IPGP — Head-to-Head

Bigger by revenue
BJRI
BJRI
1.3× larger
BJRI
$355.4M
$274.5M
IPGP
Growing faster (revenue YoY)
IPGP
IPGP
+13.9% gap
IPGP
17.1%
3.2%
BJRI
Higher net margin
IPGP
IPGP
1.3% more per $
IPGP
4.8%
3.6%
BJRI
Faster 2-yr revenue CAGR
IPGP
IPGP
Annualised
IPGP
4.4%
2.6%
BJRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BJRI
BJRI
IPGP
IPGP
Revenue
$355.4M
$274.5M
Net Profit
$12.6M
$13.3M
Gross Margin
74.5%
36.1%
Operating Margin
3.1%
1.2%
Net Margin
3.6%
4.8%
Revenue YoY
3.2%
17.1%
Net Profit YoY
-24.2%
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.

Revenue
BJRI
BJRI
IPGP
IPGP
Q4 25
$355.4M
$274.5M
Q3 25
$365.6M
$250.8M
Q2 25
$348.0M
$250.7M
Q1 25
$227.8M
Q4 24
$325.7M
$234.3M
Q3 24
$349.9M
$233.1M
Q2 24
$337.3M
$257.6M
Q1 24
$252.0M
Net Profit
BJRI
BJRI
IPGP
IPGP
Q4 25
$12.6M
$13.3M
Q3 25
$22.2M
$7.5M
Q2 25
$13.5M
$6.6M
Q1 25
$3.8M
Q4 24
$-2.9M
$7.8M
Q3 24
$17.2M
$-233.6M
Q2 24
$7.7M
$20.2M
Q1 24
$24.1M
Gross Margin
BJRI
BJRI
IPGP
IPGP
Q4 25
74.5%
36.1%
Q3 25
75.2%
39.5%
Q2 25
75.0%
37.3%
Q1 25
39.4%
Q4 24
73.4%
38.6%
Q3 24
74.3%
23.2%
Q2 24
74.8%
37.3%
Q1 24
38.7%
Operating Margin
BJRI
BJRI
IPGP
IPGP
Q4 25
3.1%
1.2%
Q3 25
5.8%
3.1%
Q2 25
4.3%
0.0%
Q1 25
0.8%
Q4 24
-0.8%
6.0%
Q3 24
3.8%
-108.7%
Q2 24
2.4%
4.7%
Q1 24
7.6%
Net Margin
BJRI
BJRI
IPGP
IPGP
Q4 25
3.6%
4.8%
Q3 25
6.1%
3.0%
Q2 25
3.9%
2.6%
Q1 25
1.6%
Q4 24
-0.9%
3.3%
Q3 24
4.9%
-100.2%
Q2 24
2.3%
7.8%
Q1 24
9.6%
EPS (diluted)
BJRI
BJRI
IPGP
IPGP
Q4 25
$0.58
$0.30
Q3 25
$0.97
$0.18
Q2 25
$0.58
$0.16
Q1 25
$0.09
Q4 24
$-0.13
$0.27
Q3 24
$0.72
$-5.33
Q2 24
$0.32
$0.45
Q1 24
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BJRI
BJRI
IPGP
IPGP
Cash + ST InvestmentsLiquidity on hand
$23.8M
$839.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$366.2M
$2.1B
Total Assets
$1.0B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BJRI
BJRI
IPGP
IPGP
Q4 25
$23.8M
$839.3M
Q3 25
$26.0M
$870.4M
Q2 25
$19.0M
$899.6M
Q1 25
$926.9M
Q4 24
$18.4M
$930.2M
Q3 24
$16.2M
$1.0B
Q2 24
$18.8M
$1.1B
Q1 24
$1.1B
Total Debt
BJRI
BJRI
IPGP
IPGP
Q4 25
Q3 25
$60.5M
Q2 25
$85.5M
Q1 25
Q4 24
$66.5M
Q3 24
$63.5M
Q2 24
$58.0M
Q1 24
Stockholders' Equity
BJRI
BJRI
IPGP
IPGP
Q4 25
$366.2M
$2.1B
Q3 25
$386.6M
$2.1B
Q2 25
$371.5M
$2.1B
Q1 25
$2.1B
Q4 24
$376.2M
$2.0B
Q3 24
$386.5M
$2.1B
Q2 24
$375.4M
$2.3B
Q1 24
$2.3B
Total Assets
BJRI
BJRI
IPGP
IPGP
Q4 25
$1.0B
$2.4B
Q3 25
$1.0B
$2.4B
Q2 25
$1.0B
$2.4B
Q1 25
$2.3B
Q4 24
$1.0B
$2.3B
Q3 24
$1.0B
$2.4B
Q2 24
$1.0B
$2.5B
Q1 24
$2.6B
Debt / Equity
BJRI
BJRI
IPGP
IPGP
Q4 25
Q3 25
0.16×
Q2 25
0.23×
Q1 25
Q4 24
0.18×
Q3 24
0.16×
Q2 24
0.15×
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
BJRI
BJRI
IPGP
IPGP
Operating Cash FlowLast quarter
$28.8M
Free Cash FlowOCF − Capex
$10.9M
FCF MarginFCF / Revenue
4.0%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
2.17×
TTM Free Cash FlowTrailing 4 quarters
$-3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BJRI
BJRI
IPGP
IPGP
Q4 25
$28.8M
Q3 25
$62.3M
$35.3M
Q2 25
$4.6M
$-2.2M
Q1 25
$13.4M
Q4 24
$27.3M
$73.8M
Q3 24
$20.2M
$66.1M
Q2 24
$22.3M
$53.5M
Q1 24
$54.6M
Free Cash Flow
BJRI
BJRI
IPGP
IPGP
Q4 25
$10.9M
Q3 25
$41.9M
$14.6M
Q2 25
$-12.1M
$-17.6M
Q1 25
$-11.4M
Q4 24
$7.6M
$50.6M
Q3 24
$735.0K
$43.0M
Q2 24
$448.0K
$29.2M
Q1 24
$26.5M
FCF Margin
BJRI
BJRI
IPGP
IPGP
Q4 25
4.0%
Q3 25
11.5%
5.8%
Q2 25
-3.5%
-7.0%
Q1 25
-5.0%
Q4 24
2.3%
21.6%
Q3 24
0.2%
18.4%
Q2 24
0.1%
11.3%
Q1 24
10.5%
Capex Intensity
BJRI
BJRI
IPGP
IPGP
Q4 25
6.5%
Q3 25
5.6%
8.3%
Q2 25
4.8%
6.1%
Q1 25
10.9%
Q4 24
6.0%
9.9%
Q3 24
5.6%
9.9%
Q2 24
6.5%
9.4%
Q1 24
11.1%
Cash Conversion
BJRI
BJRI
IPGP
IPGP
Q4 25
2.17×
Q3 25
2.80×
4.73×
Q2 25
0.34×
-0.34×
Q1 25
3.58×
Q4 24
9.44×
Q3 24
1.18×
Q2 24
2.89×
2.65×
Q1 24
2.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BJRI
BJRI

Segment breakdown not available.

IPGP
IPGP

Materials Processing$232.8M85%
Laser And Non Laser Systems$38.8M14%
Transferred Over Time$5.3M2%

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