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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.5× Climb Global Solutions, Inc.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 1.8%, a 3.0% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 17.1%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 4.4%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
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.
CLMB vs IPGP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.4M | $274.5M |
| Net Profit | $3.3M | $13.3M |
| Gross Margin | 14.5% | 36.1% |
| Operating Margin | 2.1% | 1.2% |
| Net Margin | 1.8% | 4.8% |
| Revenue YoY | 32.1% | 17.1% |
| Net Profit YoY | -9.5% | 69.8% |
| EPS (diluted) | $0.18 | $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.
| Q1 26 | $182.4M | — | ||
| Q4 25 | $193.8M | $274.5M | ||
| Q3 25 | $161.3M | $250.8M | ||
| Q2 25 | $159.3M | $250.7M | ||
| Q1 25 | $138.0M | $227.8M | ||
| Q4 24 | $161.8M | $234.3M | ||
| Q3 24 | $119.3M | $233.1M | ||
| Q2 24 | $92.1M | $257.6M |
| Q1 26 | $3.3M | — | ||
| Q4 25 | $7.0M | $13.3M | ||
| Q3 25 | $4.7M | $7.5M | ||
| Q2 25 | $6.0M | $6.6M | ||
| Q1 25 | $3.7M | $3.8M | ||
| Q4 24 | $7.0M | $7.8M | ||
| Q3 24 | $5.5M | $-233.6M | ||
| Q2 24 | $3.4M | $20.2M |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 15.4% | 36.1% | ||
| Q3 25 | 15.9% | 39.5% | ||
| Q2 25 | 16.5% | 37.3% | ||
| Q1 25 | 16.9% | 39.4% | ||
| Q4 24 | 19.3% | 38.6% | ||
| Q3 24 | 20.3% | 23.2% | ||
| Q2 24 | 20.2% | 37.3% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 4.9% | 1.2% | ||
| Q3 25 | 4.3% | 3.1% | ||
| Q2 25 | 5.0% | 0.0% | ||
| Q1 25 | 3.5% | 0.8% | ||
| Q4 24 | 7.2% | 6.0% | ||
| Q3 24 | 7.1% | -108.7% | ||
| Q2 24 | 4.6% | 4.7% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 3.6% | 4.8% | ||
| Q3 25 | 2.9% | 3.0% | ||
| Q2 25 | 3.7% | 2.6% | ||
| Q1 25 | 2.7% | 1.6% | ||
| Q4 24 | 4.3% | 3.3% | ||
| Q3 24 | 4.6% | -100.2% | ||
| Q2 24 | 3.7% | 7.8% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $1.51 | $0.30 | ||
| Q3 25 | $1.02 | $0.18 | ||
| Q2 25 | $1.30 | $0.16 | ||
| Q1 25 | $0.81 | $0.09 | ||
| Q4 24 | $1.52 | $0.27 | ||
| Q3 24 | $1.19 | $-5.33 | ||
| Q2 24 | $0.75 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.8M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $118.4M | $2.1B |
| Total Assets | $458.8M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.8M | — | ||
| Q4 25 | $36.6M | $839.3M | ||
| Q3 25 | $49.8M | $870.4M | ||
| Q2 25 | $28.6M | $899.6M | ||
| Q1 25 | $32.5M | $926.9M | ||
| Q4 24 | $29.8M | $930.2M | ||
| Q3 24 | $22.1M | $1.0B | ||
| Q2 24 | $48.4M | $1.1B |
| Q1 26 | $118.4M | — | ||
| Q4 25 | $116.6M | $2.1B | ||
| Q3 25 | $109.3M | $2.1B | ||
| Q2 25 | $105.2M | $2.1B | ||
| Q1 25 | $95.6M | $2.1B | ||
| Q4 24 | $90.6M | $2.0B | ||
| Q3 24 | $87.7M | $2.1B | ||
| Q2 24 | $79.8M | $2.3B |
| Q1 26 | $458.8M | — | ||
| Q4 25 | $460.2M | $2.4B | ||
| Q3 25 | $376.1M | $2.4B | ||
| Q2 25 | $420.7M | $2.4B | ||
| Q1 25 | $370.1M | $2.3B | ||
| Q4 24 | $469.2M | $2.3B | ||
| Q3 24 | $371.9M | $2.4B | ||
| Q2 24 | $302.8M | $2.5B |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $-11.9M | $28.8M | ||
| Q3 25 | $22.2M | $35.3M | ||
| Q2 25 | $-2.2M | $-2.2M | ||
| Q1 25 | $8.5M | $13.4M | ||
| Q4 24 | $16.0M | $73.8M | ||
| Q3 24 | $-3.6M | $66.1M | ||
| Q2 24 | $7.3M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | -1.70× | 2.17× | ||
| Q3 25 | 4.73× | 4.73× | ||
| Q2 25 | -0.37× | -0.34× | ||
| Q1 25 | 2.30× | 3.58× | ||
| Q4 24 | 2.29× | 9.44× | ||
| Q3 24 | -0.66× | — | ||
| Q2 24 | 2.13× | 2.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMB
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
