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Side-by-side financial comparison of COMMUNITY FINANCIAL SYSTEM, INC. (CBU) 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 $214.5M, roughly 1.3× COMMUNITY FINANCIAL SYSTEM, INC.). COMMUNITY FINANCIAL SYSTEM, INC. runs the higher net margin — 26.7% vs 4.8%, a 21.8% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 8.7%). Over the past eight quarters, COMMUNITY FINANCIAL SYSTEM, INC.'s revenue compounded faster (7.9% CAGR vs 4.4%).

Community Health Systems (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021.

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.

CBU vs IPGP — Head-to-Head

Bigger by revenue
IPGP
IPGP
1.3× larger
IPGP
$274.5M
$214.5M
CBU
Growing faster (revenue YoY)
IPGP
IPGP
+8.4% gap
IPGP
17.1%
8.7%
CBU
Higher net margin
CBU
CBU
21.8% more per $
CBU
26.7%
4.8%
IPGP
Faster 2-yr revenue CAGR
CBU
CBU
Annualised
CBU
7.9%
4.4%
IPGP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBU
CBU
IPGP
IPGP
Revenue
$214.5M
$274.5M
Net Profit
$57.2M
$13.3M
Gross Margin
36.1%
Operating Margin
1.2%
Net Margin
26.7%
4.8%
Revenue YoY
8.7%
17.1%
Net Profit YoY
15.3%
69.8%
EPS (diluted)
$1.15
$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
CBU
CBU
IPGP
IPGP
Q1 26
$214.5M
Q4 25
$217.0M
$274.5M
Q3 25
$208.1M
$250.8M
Q2 25
$200.5M
$250.7M
Q1 25
$197.3M
$227.8M
Q4 24
$197.4M
$234.3M
Q3 24
$190.3M
$233.1M
Q2 24
$184.3M
$257.6M
Net Profit
CBU
CBU
IPGP
IPGP
Q1 26
$57.2M
Q4 25
$54.4M
$13.3M
Q3 25
$55.1M
$7.5M
Q2 25
$51.3M
$6.6M
Q1 25
$49.6M
$3.8M
Q4 24
$49.8M
$7.8M
Q3 24
$43.9M
$-233.6M
Q2 24
$47.9M
$20.2M
Gross Margin
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
36.1%
Q3 25
39.5%
Q2 25
37.3%
Q1 25
39.4%
Q4 24
38.6%
Q3 24
23.2%
Q2 24
37.3%
Operating Margin
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
33.1%
1.2%
Q3 25
35.2%
3.1%
Q2 25
32.9%
0.0%
Q1 25
32.6%
0.8%
Q4 24
32.7%
6.0%
Q3 24
30.0%
-108.7%
Q2 24
33.7%
4.7%
Net Margin
CBU
CBU
IPGP
IPGP
Q1 26
26.7%
Q4 25
25.1%
4.8%
Q3 25
26.5%
3.0%
Q2 25
25.6%
2.6%
Q1 25
25.1%
1.6%
Q4 24
25.2%
3.3%
Q3 24
23.1%
-100.2%
Q2 24
26.0%
7.8%
EPS (diluted)
CBU
CBU
IPGP
IPGP
Q1 26
$1.15
Q4 25
$1.03
$0.30
Q3 25
$1.04
$0.18
Q2 25
$0.97
$0.16
Q1 25
$0.93
$0.09
Q4 24
$0.94
$0.27
Q3 24
$0.83
$-5.33
Q2 24
$0.91
$0.45

Balance Sheet & Financial Strength

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

Metric
CBU
CBU
IPGP
IPGP
Cash + ST InvestmentsLiquidity on hand
$572.2M
$839.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$2.1B
Total Assets
$17.5B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBU
CBU
IPGP
IPGP
Q1 26
$572.2M
Q4 25
$301.8M
$839.3M
Q3 25
$245.2M
$870.4M
Q2 25
$237.2M
$899.6M
Q1 25
$518.0M
$926.9M
Q4 24
$197.0M
$930.2M
Q3 24
$346.1M
$1.0B
Q2 24
$201.5M
$1.1B
Total Debt
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$990.2M
Q3 24
Q2 24
Stockholders' Equity
CBU
CBU
IPGP
IPGP
Q1 26
$2.0B
Q4 25
$2.0B
$2.1B
Q3 25
$1.9B
$2.1B
Q2 25
$1.9B
$2.1B
Q1 25
$1.8B
$2.1B
Q4 24
$1.8B
$2.0B
Q3 24
$1.8B
$2.1B
Q2 24
$1.7B
$2.3B
Total Assets
CBU
CBU
IPGP
IPGP
Q1 26
$17.5B
Q4 25
$17.3B
$2.4B
Q3 25
$17.0B
$2.4B
Q2 25
$16.7B
$2.4B
Q1 25
$16.8B
$2.3B
Q4 24
$16.4B
$2.3B
Q3 24
$16.4B
$2.4B
Q2 24
$15.9B
$2.5B
Debt / Equity
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.56×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBU
CBU
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
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
$301.9M
$28.8M
Q3 25
$101.1M
$35.3M
Q2 25
$53.7M
$-2.2M
Q1 25
$62.5M
$13.4M
Q4 24
$242.3M
$73.8M
Q3 24
$56.9M
$66.1M
Q2 24
$39.8M
$53.5M
Free Cash Flow
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
$233.3M
$10.9M
Q3 25
$83.4M
$14.6M
Q2 25
$36.4M
$-17.6M
Q1 25
$52.0M
$-11.4M
Q4 24
$221.6M
$50.6M
Q3 24
$51.9M
$43.0M
Q2 24
$33.8M
$29.2M
FCF Margin
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
107.5%
4.0%
Q3 25
40.1%
5.8%
Q2 25
18.1%
-7.0%
Q1 25
26.3%
-5.0%
Q4 24
112.2%
21.6%
Q3 24
27.3%
18.4%
Q2 24
18.3%
11.3%
Capex Intensity
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
31.6%
6.5%
Q3 25
8.5%
8.3%
Q2 25
8.6%
6.1%
Q1 25
5.3%
10.9%
Q4 24
10.5%
9.9%
Q3 24
2.6%
9.9%
Q2 24
3.3%
9.4%
Cash Conversion
CBU
CBU
IPGP
IPGP
Q1 26
Q4 25
5.55×
2.17×
Q3 25
1.84×
4.73×
Q2 25
1.05×
-0.34×
Q1 25
1.26×
3.58×
Q4 24
4.87×
9.44×
Q3 24
1.30×
Q2 24
0.83×
2.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBU
CBU

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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