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Side-by-side financial comparison of Criteo S.A. (CRTO) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Criteo S.A. is the larger business by last-quarter revenue ($482.7M vs $274.5M, roughly 1.8× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 4.4%, a 0.4% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 2.4%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-36.6M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 1.4%).
Criteo S.A. is an advertising company that provides online display advertisements. The company was founded and is headquartered in Paris, France.
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.
CRTO vs IPGP — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $482.7M | $274.5M |
| Net Profit | $21.3M | $13.3M |
| Gross Margin | 53.6% | 36.1% |
| Operating Margin | 6.3% | 1.2% |
| Net Margin | 4.4% | 4.8% |
| Revenue YoY | 2.4% | 17.1% |
| Net Profit YoY | -21.3% | 69.8% |
| EPS (diluted) | $0.39 | $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 | — | $274.5M | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | $482.7M | $250.7M | ||
| Q1 25 | $451.4M | $227.8M | ||
| Q4 24 | $553.0M | $234.3M | ||
| Q3 24 | $458.9M | $233.1M | ||
| Q2 24 | $471.3M | $257.6M | ||
| Q1 24 | $450.1M | $252.0M |
| Q4 25 | — | $13.3M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | $21.3M | $6.6M | ||
| Q1 25 | $37.9M | $3.8M | ||
| Q4 24 | $71.1M | $7.8M | ||
| Q3 24 | $6.2M | $-233.6M | ||
| Q2 24 | $27.0M | $20.2M | ||
| Q1 24 | $7.2M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | 53.6% | 37.3% | ||
| Q1 25 | 52.5% | 39.4% | ||
| Q4 24 | 54.4% | 38.6% | ||
| Q3 24 | 50.5% | 23.2% | ||
| Q2 24 | 49.4% | 37.3% | ||
| Q1 24 | 48.3% | 38.7% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | 6.3% | 0.0% | ||
| Q1 25 | 10.7% | 0.8% | ||
| Q4 24 | 17.1% | 6.0% | ||
| Q3 24 | 2.1% | -108.7% | ||
| Q2 24 | 7.8% | 4.7% | ||
| Q1 24 | 2.3% | 7.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | 4.4% | 2.6% | ||
| Q1 25 | 8.4% | 1.6% | ||
| Q4 24 | 12.9% | 3.3% | ||
| Q3 24 | 1.4% | -100.2% | ||
| Q2 24 | 5.7% | 7.8% | ||
| Q1 24 | 1.6% | 9.6% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $0.18 | ||
| Q2 25 | $0.39 | $0.16 | ||
| Q1 25 | $0.66 | $0.09 | ||
| Q4 24 | $1.21 | $0.27 | ||
| Q3 24 | $0.11 | $-5.33 | ||
| Q2 24 | $0.46 | $0.45 | ||
| Q1 24 | $0.12 | $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 | $223.6M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $2.1B |
| Total Assets | $2.1B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | $223.6M | $899.6M | ||
| Q1 25 | $313.2M | $926.9M | ||
| Q4 24 | $316.9M | $930.2M | ||
| Q3 24 | $231.8M | $1.0B | ||
| Q2 24 | $233.2M | $1.1B | ||
| Q1 24 | $278.1M | $1.1B |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.0B | $2.0B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.0B | $2.3B | ||
| Q1 24 | $1.0B | $2.3B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.2B | $2.4B | ||
| Q2 24 | $2.2B | $2.5B | ||
| Q1 24 | $2.2B | $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 | $-1.4M | $28.8M |
| Free Cash FlowOCF − Capex | $-36.6M | $10.9M |
| FCF MarginFCF / Revenue | -7.6% | 4.0% |
| Capex IntensityCapex / Revenue | 7.3% | 6.5% |
| Cash ConversionOCF / Net Profit | -0.07× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.8M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | $-1.4M | $-2.2M | ||
| Q1 25 | $62.3M | $13.4M | ||
| Q4 24 | $169.5M | $73.8M | ||
| Q3 24 | $57.5M | $66.1M | ||
| Q2 24 | $17.2M | $53.5M | ||
| Q1 24 | $14.0M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | $-36.6M | $-17.6M | ||
| Q1 25 | $45.3M | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | $-4.0M | $29.2M | ||
| Q1 24 | $173.0K | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | -7.6% | -7.0% | ||
| Q1 25 | 10.0% | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | -0.9% | 11.3% | ||
| Q1 24 | 0.0% | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | 7.3% | 6.1% | ||
| Q1 25 | 3.8% | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | 4.5% | 9.4% | ||
| Q1 24 | 3.1% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | -0.07× | -0.34× | ||
| Q1 25 | 1.64× | 3.58× | ||
| Q4 24 | 2.38× | 9.44× | ||
| Q3 24 | 9.21× | — | ||
| Q2 24 | 0.64× | 2.65× | ||
| Q1 24 | 1.93× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRTO
| Commerce Growth | $393.9M | 82% |
| Retail Media | $60.9M | 13% |
| Other | $27.9M | 6% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
