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Side-by-side financial comparison of DELUXE CORP (DLX) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $274.5M, roughly 2.0× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 2.2%, a 2.6% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 2.8%). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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.
DLX vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $274.5M |
| Net Profit | $12.0M | $13.3M |
| Gross Margin | 52.2% | 36.1% |
| Operating Margin | 8.9% | 1.2% |
| Net Margin | 2.2% | 4.8% |
| Revenue YoY | 2.8% | 17.1% |
| Net Profit YoY | -5.0% | 69.8% |
| EPS (diluted) | $0.25 | $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 | $535.2M | $274.5M | ||
| Q3 25 | $540.2M | $250.8M | ||
| Q2 25 | $521.3M | $250.7M | ||
| Q1 25 | $536.5M | $227.8M | ||
| Q4 24 | $520.6M | $234.3M | ||
| Q3 24 | $528.4M | $233.1M | ||
| Q2 24 | $537.8M | $257.6M | ||
| Q1 24 | $535.0M | $252.0M |
| Q4 25 | $12.0M | $13.3M | ||
| Q3 25 | $33.7M | $7.5M | ||
| Q2 25 | $22.4M | $6.6M | ||
| Q1 25 | $14.0M | $3.8M | ||
| Q4 24 | $12.6M | $7.8M | ||
| Q3 24 | $8.9M | $-233.6M | ||
| Q2 24 | $20.5M | $20.2M | ||
| Q1 24 | $10.8M | $24.1M |
| Q4 25 | 52.2% | 36.1% | ||
| Q3 25 | 53.9% | 39.5% | ||
| Q2 25 | 53.6% | 37.3% | ||
| Q1 25 | 52.4% | 39.4% | ||
| Q4 24 | 52.3% | 38.6% | ||
| Q3 24 | 53.3% | 23.2% | ||
| Q2 24 | 53.7% | 37.3% | ||
| Q1 24 | 53.0% | 38.7% |
| Q4 25 | 8.9% | 1.2% | ||
| Q3 25 | 14.0% | 3.1% | ||
| Q2 25 | 11.7% | 0.0% | ||
| Q1 25 | 9.0% | 0.8% | ||
| Q4 24 | 9.0% | 6.0% | ||
| Q3 24 | 7.9% | -108.7% | ||
| Q2 24 | 11.0% | 4.7% | ||
| Q1 24 | 8.3% | 7.6% |
| Q4 25 | 2.2% | 4.8% | ||
| Q3 25 | 6.2% | 3.0% | ||
| Q2 25 | 4.3% | 2.6% | ||
| Q1 25 | 2.6% | 1.6% | ||
| Q4 24 | 2.4% | 3.3% | ||
| Q3 24 | 1.7% | -100.2% | ||
| Q2 24 | 3.8% | 7.8% | ||
| Q1 24 | 2.0% | 9.6% |
| Q4 25 | $0.25 | $0.30 | ||
| Q3 25 | $0.74 | $0.18 | ||
| Q2 25 | $0.50 | $0.16 | ||
| Q1 25 | $0.31 | $0.09 | ||
| Q4 24 | $0.28 | $0.27 | ||
| Q3 24 | $0.20 | $-5.33 | ||
| Q2 24 | $0.46 | $0.45 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $2.1B |
| Total Assets | $2.9B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $839.3M | ||
| Q3 25 | $25.8M | $870.4M | ||
| Q2 25 | $26.0M | $899.6M | ||
| Q1 25 | $30.3M | $926.9M | ||
| Q4 24 | $34.4M | $930.2M | ||
| Q3 24 | $41.3M | $1.0B | ||
| Q2 24 | $23.1M | $1.1B | ||
| Q1 24 | $23.5M | $1.1B |
| Q4 25 | $680.7M | $2.1B | ||
| Q3 25 | $664.1M | $2.1B | ||
| Q2 25 | $638.7M | $2.1B | ||
| Q1 25 | $622.5M | $2.1B | ||
| Q4 24 | $620.9M | $2.0B | ||
| Q3 24 | $612.7M | $2.1B | ||
| Q2 24 | $620.5M | $2.3B | ||
| Q1 24 | $608.4M | $2.3B |
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $2.7B | $2.5B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 8.53× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $28.8M | ||
| Q3 25 | $67.1M | $35.3M | ||
| Q2 25 | $51.1M | $-2.2M | ||
| Q1 25 | $50.3M | $13.4M | ||
| Q4 24 | $60.2M | $73.8M | ||
| Q3 24 | $67.9M | $66.1M | ||
| Q2 24 | $39.6M | $53.5M | ||
| Q1 24 | $26.6M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | $27.8M | $-17.6M | ||
| Q1 25 | $24.3M | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | $46.7M | $43.0M | ||
| Q2 24 | $11.4M | $29.2M | ||
| Q1 24 | $6.1M | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | 5.3% | -7.0% | ||
| Q1 25 | 4.5% | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 8.8% | 18.4% | ||
| Q2 24 | 2.1% | 11.3% | ||
| Q1 24 | 1.1% | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | 4.5% | 6.1% | ||
| Q1 25 | 4.8% | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | 4.0% | 9.9% | ||
| Q2 24 | 5.2% | 9.4% | ||
| Q1 24 | 3.8% | 11.1% |
| Q4 25 | 8.53× | 2.17× | ||
| Q3 25 | 1.99× | 4.73× | ||
| Q2 25 | 2.28× | -0.34× | ||
| Q1 25 | 3.59× | 3.58× | ||
| Q4 24 | 4.77× | 9.44× | ||
| Q3 24 | 7.60× | — | ||
| Q2 24 | 1.94× | 2.65× | ||
| Q1 24 | 2.46× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
