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Side-by-side financial comparison of Citi Trends Inc (CTRN) 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 $197.1M, roughly 1.4× Citi Trends Inc). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -3.5%, a 8.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 10.1%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $767.0K). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
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.
CTRN vs IPGP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $274.5M |
| Net Profit | $-6.9M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | -3.7% | 1.2% |
| Net Margin | -3.5% | 4.8% |
| Revenue YoY | 10.1% | 17.1% |
| Net Profit YoY | 3.6% | 69.8% |
| EPS (diluted) | $-0.86 | $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 | $197.1M | $274.5M | ||
| Q3 25 | $190.8M | $250.8M | ||
| Q2 25 | $201.7M | $250.7M | ||
| Q1 25 | $211.2M | $227.8M | ||
| Q4 24 | $179.1M | $234.3M | ||
| Q3 24 | $176.6M | $233.1M | ||
| Q2 24 | $186.3M | $257.6M | ||
| Q1 24 | $215.2M | $252.0M |
| Q4 25 | $-6.9M | $13.3M | ||
| Q3 25 | $3.8M | $7.5M | ||
| Q2 25 | $871.0K | $6.6M | ||
| Q1 25 | $-14.2M | $3.8M | ||
| Q4 24 | $-7.2M | $7.8M | ||
| Q3 24 | $-18.4M | $-233.6M | ||
| Q2 24 | $-3.4M | $20.2M | ||
| Q1 24 | $3.6M | $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 | -3.7% | 1.2% | ||
| Q3 25 | 1.8% | 3.1% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.6% | 0.8% | ||
| Q4 24 | -4.9% | 6.0% | ||
| Q3 24 | -14.1% | -108.7% | ||
| Q2 24 | -3.7% | 4.7% | ||
| Q1 24 | 1.8% | 7.6% |
| Q4 25 | -3.5% | 4.8% | ||
| Q3 25 | 2.0% | 3.0% | ||
| Q2 25 | 0.4% | 2.6% | ||
| Q1 25 | -6.7% | 1.6% | ||
| Q4 24 | -4.0% | 3.3% | ||
| Q3 24 | -10.4% | -100.2% | ||
| Q2 24 | -1.8% | 7.8% | ||
| Q1 24 | 1.7% | 9.6% |
| Q4 25 | $-0.86 | $0.30 | ||
| Q3 25 | $0.46 | $0.18 | ||
| Q2 25 | $0.11 | $0.16 | ||
| Q1 25 | $-1.70 | $0.09 | ||
| Q4 24 | $-0.86 | $0.27 | ||
| Q3 24 | $-2.21 | $-5.33 | ||
| Q2 24 | $-0.42 | $0.45 | ||
| Q1 24 | $0.43 | $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 | — | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $107.8M | $2.1B |
| Total Assets | $464.3M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $899.6M | ||
| Q1 25 | — | $926.9M | ||
| Q4 24 | — | $930.2M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $107.8M | $2.1B | ||
| Q3 25 | $113.2M | $2.1B | ||
| Q2 25 | $108.6M | $2.1B | ||
| Q1 25 | $113.2M | $2.1B | ||
| Q4 24 | $130.3M | $2.0B | ||
| Q3 24 | $136.6M | $2.1B | ||
| Q2 24 | $154.8M | $2.3B | ||
| Q1 24 | $157.7M | $2.3B |
| Q4 25 | $464.3M | $2.4B | ||
| Q3 25 | $457.4M | $2.4B | ||
| Q2 25 | $437.4M | $2.4B | ||
| Q1 25 | $462.8M | $2.3B | ||
| Q4 24 | $467.1M | $2.3B | ||
| Q3 24 | $506.7M | $2.4B | ||
| Q2 24 | $484.1M | $2.5B | ||
| Q1 24 | $518.7M | $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 | $8.6M | $28.8M |
| Free Cash FlowOCF − Capex | $767.0K | $10.9M |
| FCF MarginFCF / Revenue | 0.4% | 4.0% |
| Capex IntensityCapex / Revenue | 4.0% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $28.8M | ||
| Q3 25 | $3.9M | $35.3M | ||
| Q2 25 | $-11.0M | $-2.2M | ||
| Q1 25 | $28.5M | $13.4M | ||
| Q4 24 | $-18.4M | $73.8M | ||
| Q3 24 | $5.6M | $66.1M | ||
| Q2 24 | $-19.6M | $53.5M | ||
| Q1 24 | $23.3M | $54.6M |
| Q4 25 | $767.0K | $10.9M | ||
| Q3 25 | $-1.7M | $14.6M | ||
| Q2 25 | $-13.1M | $-17.6M | ||
| Q1 25 | $26.0M | $-11.4M | ||
| Q4 24 | $-20.4M | $50.6M | ||
| Q3 24 | $1.7M | $43.0M | ||
| Q2 24 | $-21.2M | $29.2M | ||
| Q1 24 | $20.0M | $26.5M |
| Q4 25 | 0.4% | 4.0% | ||
| Q3 25 | -0.9% | 5.8% | ||
| Q2 25 | -6.5% | -7.0% | ||
| Q1 25 | 12.3% | -5.0% | ||
| Q4 24 | -11.4% | 21.6% | ||
| Q3 24 | 0.9% | 18.4% | ||
| Q2 24 | -11.4% | 11.3% | ||
| Q1 24 | 9.3% | 10.5% |
| Q4 25 | 4.0% | 6.5% | ||
| Q3 25 | 2.9% | 8.3% | ||
| Q2 25 | 1.0% | 6.1% | ||
| Q1 25 | 1.2% | 10.9% | ||
| Q4 24 | 1.1% | 9.9% | ||
| Q3 24 | 2.2% | 9.9% | ||
| Q2 24 | 0.9% | 9.4% | ||
| Q1 24 | 1.5% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | 1.01× | 4.73× | ||
| Q2 25 | -12.59× | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | 6.56× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRN
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
