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Side-by-side financial comparison of DMC Global Inc. (BOOM) 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 $143.5M, roughly 1.9× DMC Global Inc.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -7.8%, a 12.6% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -5.8%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $9.6M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
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.
BOOM vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $274.5M |
| Net Profit | $-11.2M | $13.3M |
| Gross Margin | 17.1% | 36.1% |
| Operating Margin | -7.8% | 1.2% |
| Net Margin | -7.8% | 4.8% |
| Revenue YoY | -5.8% | 17.1% |
| Net Profit YoY | -3871.6% | 69.8% |
| EPS (diluted) | $-0.60 | $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 | $143.5M | $274.5M | ||
| Q3 25 | $151.5M | $250.8M | ||
| Q2 25 | $155.5M | $250.7M | ||
| Q1 25 | $159.3M | $227.8M | ||
| Q4 24 | $152.4M | $234.3M | ||
| Q3 24 | $152.4M | $233.1M | ||
| Q2 24 | $171.2M | $257.6M | ||
| Q1 24 | $166.9M | $252.0M |
| Q4 25 | $-11.2M | $13.3M | ||
| Q3 25 | $-3.1M | $7.5M | ||
| Q2 25 | $116.0K | $6.6M | ||
| Q1 25 | $677.0K | $3.8M | ||
| Q4 24 | $296.0K | $7.8M | ||
| Q3 24 | $-101.3M | $-233.6M | ||
| Q2 24 | $4.0M | $20.2M | ||
| Q1 24 | $2.6M | $24.1M |
| Q4 25 | 17.1% | 36.1% | ||
| Q3 25 | 21.7% | 39.5% | ||
| Q2 25 | 23.6% | 37.3% | ||
| Q1 25 | 25.9% | 39.4% | ||
| Q4 24 | 20.8% | 38.6% | ||
| Q3 24 | 19.8% | 23.2% | ||
| Q2 24 | 27.1% | 37.3% | ||
| Q1 24 | 25.4% | 38.7% |
| Q4 25 | -7.8% | 1.2% | ||
| Q3 25 | 0.4% | 3.1% | ||
| Q2 25 | 2.5% | 0.0% | ||
| Q1 25 | 4.1% | 0.8% | ||
| Q4 24 | -0.5% | 6.0% | ||
| Q3 24 | -97.7% | -108.7% | ||
| Q2 24 | 6.8% | 4.7% | ||
| Q1 24 | 4.0% | 7.6% |
| Q4 25 | -7.8% | 4.8% | ||
| Q3 25 | -2.0% | 3.0% | ||
| Q2 25 | 0.1% | 2.6% | ||
| Q1 25 | 0.4% | 1.6% | ||
| Q4 24 | 0.2% | 3.3% | ||
| Q3 24 | -66.5% | -100.2% | ||
| Q2 24 | 2.3% | 7.8% | ||
| Q1 24 | 1.5% | 9.6% |
| Q4 25 | $-0.60 | $0.30 | ||
| Q3 25 | $-0.10 | $0.18 | ||
| Q2 25 | $-0.24 | $0.16 | ||
| Q1 25 | $0.04 | $0.09 | ||
| Q4 24 | $-0.18 | $0.27 | ||
| Q3 24 | $-8.27 | $-5.33 | ||
| Q2 24 | $0.24 | $0.45 | ||
| Q1 24 | $0.01 | $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 | $31.9M | $839.3M |
| Total DebtLower is stronger | $50.6M | — |
| Stockholders' EquityBook value | $242.1M | $2.1B |
| Total Assets | $635.8M | $2.4B |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $839.3M | ||
| Q3 25 | $26.4M | $870.4M | ||
| Q2 25 | $12.4M | $899.6M | ||
| Q1 25 | $14.7M | $926.9M | ||
| Q4 24 | $14.3M | $930.2M | ||
| Q3 24 | $14.5M | $1.0B | ||
| Q2 24 | $14.6M | $1.1B | ||
| Q1 24 | $20.4M | $1.1B |
| Q4 25 | $50.6M | — | ||
| Q3 25 | $56.5M | — | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $72.4M | — | ||
| Q4 24 | $70.8M | — | ||
| Q3 24 | $74.2M | — | ||
| Q2 24 | $84.1M | — | ||
| Q1 24 | $88.0M | — |
| Q4 25 | $242.1M | $2.1B | ||
| Q3 25 | $253.0M | $2.1B | ||
| Q2 25 | $253.9M | $2.1B | ||
| Q1 25 | $253.9M | $2.1B | ||
| Q4 24 | $251.0M | $2.0B | ||
| Q3 24 | $256.5M | $2.1B | ||
| Q2 24 | $416.0M | $2.3B | ||
| Q1 24 | $409.9M | $2.3B |
| Q4 25 | $635.8M | $2.4B | ||
| Q3 25 | $644.1M | $2.4B | ||
| Q2 25 | $645.0M | $2.4B | ||
| Q1 25 | $670.6M | $2.3B | ||
| Q4 24 | $671.3M | $2.3B | ||
| Q3 24 | $702.0M | $2.4B | ||
| Q2 24 | $869.5M | $2.5B | ||
| Q1 24 | $860.0M | $2.6B |
| Q4 25 | 0.21× | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.20× | — | ||
| Q1 24 | 0.21× | — |
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 | $15.2M | $28.8M |
| Free Cash FlowOCF − Capex | $9.6M | $10.9M |
| FCF MarginFCF / Revenue | 6.7% | 4.0% |
| Capex IntensityCapex / Revenue | 3.9% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $28.8M | ||
| Q3 25 | $18.6M | $35.3M | ||
| Q2 25 | $15.2M | $-2.2M | ||
| Q1 25 | $4.5M | $13.4M | ||
| Q4 24 | $11.8M | $73.8M | ||
| Q3 24 | $19.0M | $66.1M | ||
| Q2 24 | $2.3M | $53.5M | ||
| Q1 24 | $13.4M | $54.6M |
| Q4 25 | $9.6M | $10.9M | ||
| Q3 25 | $14.4M | $14.6M | ||
| Q2 25 | $12.3M | $-17.6M | ||
| Q1 25 | $709.0K | $-11.4M | ||
| Q4 24 | $6.1M | $50.6M | ||
| Q3 24 | $12.9M | $43.0M | ||
| Q2 24 | $-204.0K | $29.2M | ||
| Q1 24 | $10.5M | $26.5M |
| Q4 25 | 6.7% | 4.0% | ||
| Q3 25 | 9.5% | 5.8% | ||
| Q2 25 | 7.9% | -7.0% | ||
| Q1 25 | 0.4% | -5.0% | ||
| Q4 24 | 4.0% | 21.6% | ||
| Q3 24 | 8.5% | 18.4% | ||
| Q2 24 | -0.1% | 11.3% | ||
| Q1 24 | 6.3% | 10.5% |
| Q4 25 | 3.9% | 6.5% | ||
| Q3 25 | 2.8% | 8.3% | ||
| Q2 25 | 1.9% | 6.1% | ||
| Q1 25 | 2.4% | 10.9% | ||
| Q4 24 | 3.7% | 9.9% | ||
| Q3 24 | 4.0% | 9.9% | ||
| Q2 24 | 1.5% | 9.4% | ||
| Q1 24 | 1.8% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 131.43× | -0.34× | ||
| Q1 25 | 6.63× | 3.58× | ||
| Q4 24 | 39.90× | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.58× | 2.65× | ||
| Q1 24 | 5.24× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
