vs

Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.

Driven Brands Holdings Inc. is the larger business by last-quarter revenue ($535.7M vs $274.5M, roughly 2.0× IPG PHOTONICS CORP). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs 4.8%, a 6.5% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 6.6%). Driven Brands Holdings Inc. produced more free cash flow last quarter ($39.5M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -4.0%).

Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company

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.

DRVN vs IPGP — Head-to-Head

Bigger by revenue
DRVN
DRVN
2.0× larger
DRVN
$535.7M
$274.5M
IPGP
Growing faster (revenue YoY)
IPGP
IPGP
+10.5% gap
IPGP
17.1%
6.6%
DRVN
Higher net margin
DRVN
DRVN
6.5% more per $
DRVN
11.4%
4.8%
IPGP
More free cash flow
DRVN
DRVN
$28.5M more FCF
DRVN
$39.5M
$10.9M
IPGP
Faster 2-yr revenue CAGR
IPGP
IPGP
Annualised
IPGP
4.4%
-4.0%
DRVN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DRVN
DRVN
IPGP
IPGP
Revenue
$535.7M
$274.5M
Net Profit
$60.9M
$13.3M
Gross Margin
36.1%
Operating Margin
11.6%
1.2%
Net Margin
11.4%
4.8%
Revenue YoY
6.6%
17.1%
Net Profit YoY
507.2%
69.8%
EPS (diluted)
$0.37
$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.

Revenue
DRVN
DRVN
IPGP
IPGP
Q4 25
$274.5M
Q3 25
$535.7M
$250.8M
Q2 25
$551.0M
$250.7M
Q1 25
$516.2M
$227.8M
Q4 24
$836.5M
$234.3M
Q3 24
$502.3M
$233.1M
Q2 24
$518.8M
$257.6M
Q1 24
$482.0M
$252.0M
Net Profit
DRVN
DRVN
IPGP
IPGP
Q4 25
$13.3M
Q3 25
$60.9M
$7.5M
Q2 25
$47.6M
$6.6M
Q1 25
$5.5M
$3.8M
Q4 24
$-312.0M
$7.8M
Q3 24
$-14.9M
$-233.6M
Q2 24
$30.2M
$20.2M
Q1 24
$4.3M
$24.1M
Gross Margin
DRVN
DRVN
IPGP
IPGP
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%
Operating Margin
DRVN
DRVN
IPGP
IPGP
Q4 25
1.2%
Q3 25
11.6%
3.1%
Q2 25
6.9%
0.0%
Q1 25
11.9%
0.8%
Q4 24
-41.6%
6.0%
Q3 24
9.9%
-108.7%
Q2 24
17.4%
4.7%
Q1 24
14.1%
7.6%
Net Margin
DRVN
DRVN
IPGP
IPGP
Q4 25
4.8%
Q3 25
11.4%
3.0%
Q2 25
8.6%
2.6%
Q1 25
1.1%
1.6%
Q4 24
-37.3%
3.3%
Q3 24
-3.0%
-100.2%
Q2 24
5.8%
7.8%
Q1 24
0.9%
9.6%
EPS (diluted)
DRVN
DRVN
IPGP
IPGP
Q4 25
$0.30
Q3 25
$0.37
$0.18
Q2 25
$0.29
$0.16
Q1 25
$0.04
$0.09
Q4 24
$-1.93
$0.27
Q3 24
$-0.09
$-5.33
Q2 24
$0.18
$0.45
Q1 24
$0.02
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DRVN
DRVN
IPGP
IPGP
Cash + ST InvestmentsLiquidity on hand
$162.0M
$839.3M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$793.5M
$2.1B
Total Assets
$4.2B
$2.4B
Debt / EquityLower = less leverage
2.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRVN
DRVN
IPGP
IPGP
Q4 25
$839.3M
Q3 25
$162.0M
$870.4M
Q2 25
$166.1M
$899.6M
Q1 25
$152.0M
$926.9M
Q4 24
$149.6M
$930.2M
Q3 24
$204.2M
$1.0B
Q2 24
$148.8M
$1.1B
Q1 24
$165.5M
$1.1B
Total Debt
DRVN
DRVN
IPGP
IPGP
Q4 25
Q3 25
$1.9B
Q2 25
$2.1B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$2.7B
Q2 24
$2.9B
Q1 24
$2.9B
Stockholders' Equity
DRVN
DRVN
IPGP
IPGP
Q4 25
$2.1B
Q3 25
$793.5M
$2.1B
Q2 25
$743.4M
$2.1B
Q1 25
$643.2M
$2.1B
Q4 24
$607.3M
$2.0B
Q3 24
$962.8M
$2.1B
Q2 24
$942.8M
$2.3B
Q1 24
$906.2M
$2.3B
Total Assets
DRVN
DRVN
IPGP
IPGP
Q4 25
$2.4B
Q3 25
$4.2B
$2.4B
Q2 25
$4.3B
$2.4B
Q1 25
$5.3B
$2.3B
Q4 24
$5.3B
$2.3B
Q3 24
$5.8B
$2.4B
Q2 24
$5.8B
$2.5B
Q1 24
$5.9B
$2.6B
Debt / Equity
DRVN
DRVN
IPGP
IPGP
Q4 25
Q3 25
2.44×
Q2 25
2.82×
Q1 25
4.07×
Q4 24
4.37×
Q3 24
2.84×
Q2 24
3.03×
Q1 24
3.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DRVN
DRVN
IPGP
IPGP
Operating Cash FlowLast quarter
$79.2M
$28.8M
Free Cash FlowOCF − Capex
$39.5M
$10.9M
FCF MarginFCF / Revenue
7.4%
4.0%
Capex IntensityCapex / Revenue
7.4%
6.5%
Cash ConversionOCF / Net Profit
1.30×
2.17×
TTM Free Cash FlowTrailing 4 quarters
$31.1M
$-3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DRVN
DRVN
IPGP
IPGP
Q4 25
$28.8M
Q3 25
$79.2M
$35.3M
Q2 25
$80.4M
$-2.2M
Q1 25
$75.1M
$13.4M
Q4 24
$32.9M
$73.8M
Q3 24
$101.3M
$66.1M
Q2 24
$46.9M
$53.5M
Q1 24
$60.3M
$54.6M
Free Cash Flow
DRVN
DRVN
IPGP
IPGP
Q4 25
$10.9M
Q3 25
$39.5M
$14.6M
Q2 25
$9.0M
$-17.6M
Q1 25
$18.9M
$-11.4M
Q4 24
$-36.3M
$50.6M
Q3 24
$37.9M
$43.0M
Q2 24
$-19.5M
$29.2M
Q1 24
$-29.2M
$26.5M
FCF Margin
DRVN
DRVN
IPGP
IPGP
Q4 25
4.0%
Q3 25
7.4%
5.8%
Q2 25
1.6%
-7.0%
Q1 25
3.7%
-5.0%
Q4 24
-4.3%
21.6%
Q3 24
7.5%
18.4%
Q2 24
-3.8%
11.3%
Q1 24
-6.1%
10.5%
Capex Intensity
DRVN
DRVN
IPGP
IPGP
Q4 25
6.5%
Q3 25
7.4%
8.3%
Q2 25
13.0%
6.1%
Q1 25
10.9%
10.9%
Q4 24
8.3%
9.9%
Q3 24
12.6%
9.9%
Q2 24
12.8%
9.4%
Q1 24
18.6%
11.1%
Cash Conversion
DRVN
DRVN
IPGP
IPGP
Q4 25
2.17×
Q3 25
1.30×
4.73×
Q2 25
1.69×
-0.34×
Q1 25
13.65×
3.58×
Q4 24
9.44×
Q3 24
Q2 24
1.56×
2.65×
Q1 24
14.15×
2.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DRVN
DRVN

Company Operated Store Sales$331.3M62%
Supply And Other$74.3M14%
Car Wash Segment$54.0M10%
Independently Operated Store Sales$51.4M10%
Advertising$27.9M5%
Employee Services Leasing Agreement$2.0M0%

IPGP
IPGP

Materials Processing$232.8M85%
Laser And Non Laser Systems$38.8M14%
Transferred Over Time$5.3M2%

Related Comparisons