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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.4× CRA INTERNATIONAL, INC.). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs 4.8%, a 1.9% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 11.6%). Over the past eight quarters, CRA INTERNATIONAL, INC.'s revenue compounded faster (7.1% CAGR vs 4.4%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
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.
CRAI vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $274.5M |
| Net Profit | $13.2M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 10.5% | 1.2% |
| Net Margin | 6.7% | 4.8% |
| Revenue YoY | 11.6% | 17.1% |
| Net Profit YoY | -12.0% | 69.8% |
| EPS (diluted) | $1.99 | $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 | $197.0M | $274.5M | ||
| Q3 25 | $185.9M | $250.8M | ||
| Q2 25 | $186.9M | $250.7M | ||
| Q1 25 | $181.9M | $227.8M | ||
| Q4 24 | $176.4M | $234.3M | ||
| Q3 24 | $167.7M | $233.1M | ||
| Q2 24 | $171.4M | $257.6M | ||
| Q1 24 | $171.8M | $252.0M |
| Q4 25 | $13.2M | $13.3M | ||
| Q3 25 | $11.5M | $7.5M | ||
| Q2 25 | $12.1M | $6.6M | ||
| Q1 25 | $18.0M | $3.8M | ||
| Q4 24 | $15.0M | $7.8M | ||
| Q3 24 | $11.4M | $-233.6M | ||
| Q2 24 | $6.5M | $20.2M | ||
| Q1 24 | $13.7M | $24.1M |
| 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% | ||
| Q1 24 | — | 38.7% |
| Q4 25 | 10.5% | 1.2% | ||
| Q3 25 | 9.3% | 3.1% | ||
| Q2 25 | 10.6% | 0.0% | ||
| Q1 25 | 14.0% | 0.8% | ||
| Q4 24 | 12.2% | 6.0% | ||
| Q3 24 | 11.0% | -108.7% | ||
| Q2 24 | 6.6% | 4.7% | ||
| Q1 24 | 11.4% | 7.6% |
| Q4 25 | 6.7% | 4.8% | ||
| Q3 25 | 6.2% | 3.0% | ||
| Q2 25 | 6.5% | 2.6% | ||
| Q1 25 | 9.9% | 1.6% | ||
| Q4 24 | 8.5% | 3.3% | ||
| Q3 24 | 6.8% | -100.2% | ||
| Q2 24 | 3.8% | 7.8% | ||
| Q1 24 | 8.0% | 9.6% |
| Q4 25 | $1.99 | $0.30 | ||
| Q3 25 | — | $0.18 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | — | $-5.33 | ||
| Q2 24 | — | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.2M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $213.6M | $2.1B |
| Total Assets | $628.9M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $839.3M | ||
| Q3 25 | $22.5M | $870.4M | ||
| Q2 25 | $19.4M | $899.6M | ||
| Q1 25 | $25.6M | $926.9M | ||
| Q4 24 | $26.7M | $930.2M | ||
| Q3 24 | $24.5M | $1.0B | ||
| Q2 24 | $24.6M | $1.1B | ||
| Q1 24 | $37.1M | $1.1B |
| Q4 25 | $213.6M | $2.1B | ||
| Q3 25 | $201.7M | $2.1B | ||
| Q2 25 | $197.0M | $2.1B | ||
| Q1 25 | $227.3M | $2.1B | ||
| Q4 24 | $212.1M | $2.0B | ||
| Q3 24 | $204.5M | $2.1B | ||
| Q2 24 | $191.7M | $2.3B | ||
| Q1 24 | $211.8M | $2.3B |
| Q4 25 | $628.9M | $2.4B | ||
| Q3 25 | $629.0M | $2.4B | ||
| Q2 25 | $606.8M | $2.4B | ||
| Q1 25 | $590.4M | $2.3B | ||
| Q4 24 | $571.4M | $2.3B | ||
| Q3 24 | $582.3M | $2.4B | ||
| Q2 24 | $546.0M | $2.5B | ||
| Q1 24 | $552.5M | $2.6B |
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 | $22.4M | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 1.70× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $28.8M | ||
| Q3 25 | $36.5M | $35.3M | ||
| Q2 25 | $5.9M | $-2.2M | ||
| Q1 25 | $-80.0M | $13.4M | ||
| Q4 24 | $79.4M | $73.8M | ||
| Q3 24 | $31.6M | $66.1M | ||
| Q2 24 | $1.8M | $53.5M | ||
| Q1 24 | $-63.1M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | $35.9M | $14.6M | ||
| Q2 25 | $4.7M | $-17.6M | ||
| Q1 25 | $-81.0M | $-11.4M | ||
| Q4 24 | $68.8M | $50.6M | ||
| Q3 24 | $28.6M | $43.0M | ||
| Q2 24 | $-509.0K | $29.2M | ||
| Q1 24 | $-63.8M | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | 19.3% | 5.8% | ||
| Q2 25 | 2.5% | -7.0% | ||
| Q1 25 | -44.5% | -5.0% | ||
| Q4 24 | 39.0% | 21.6% | ||
| Q3 24 | 17.0% | 18.4% | ||
| Q2 24 | -0.3% | 11.3% | ||
| Q1 24 | -37.1% | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 0.3% | 8.3% | ||
| Q2 25 | 0.6% | 6.1% | ||
| Q1 25 | 0.5% | 10.9% | ||
| Q4 24 | 6.0% | 9.9% | ||
| Q3 24 | 1.8% | 9.9% | ||
| Q2 24 | 1.4% | 9.4% | ||
| Q1 24 | 0.4% | 11.1% |
| Q4 25 | 1.70× | 2.17× | ||
| Q3 25 | 3.19× | 4.73× | ||
| Q2 25 | 0.48× | -0.34× | ||
| Q1 25 | -4.44× | 3.58× | ||
| Q4 24 | 5.30× | 9.44× | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 0.28× | 2.65× | ||
| Q1 24 | -4.61× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRAI
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
