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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $274.5M, roughly 1.1× IPG PHOTONICS CORP). Eastern Bankshares, Inc. runs the higher net margin — 22.1% vs 4.8%, a 17.2% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 1.7%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% CAGR vs 4.4%).
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
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.
EBC vs IPGP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $295.9M | $274.5M |
| Net Profit | $65.3M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | — | 1.2% |
| Net Margin | 22.1% | 4.8% |
| Revenue YoY | 1.7% | 17.1% |
| Net Profit YoY | 289.8% | 69.8% |
| EPS (diluted) | $0.29 | $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.
| Q1 26 | $295.9M | — | ||
| Q4 25 | $37.5M | $274.5M | ||
| Q3 25 | $241.5M | $250.8M | ||
| Q2 25 | $244.9M | $250.7M | ||
| Q1 25 | $31.1M | $227.8M | ||
| Q4 24 | $216.5M | $234.3M | ||
| Q3 24 | $203.4M | $233.1M | ||
| Q2 24 | $154.0M | $257.6M |
| Q1 26 | $65.3M | — | ||
| Q4 25 | $99.5M | $13.3M | ||
| Q3 25 | $106.1M | $7.5M | ||
| Q2 25 | $100.2M | $6.6M | ||
| Q1 25 | $-217.7M | $3.8M | ||
| Q4 24 | $60.8M | $7.8M | ||
| Q3 24 | $-6.2M | $-233.6M | ||
| Q2 24 | $26.3M | $20.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | 38.9% | 3.1% | ||
| Q2 25 | 41.0% | 0.0% | ||
| Q1 25 | -590.9% | 0.8% | ||
| Q4 24 | 33.3% | 6.0% | ||
| Q3 24 | -1.6% | -108.7% | ||
| Q2 24 | 24.7% | 4.7% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 265.6% | 4.8% | ||
| Q3 25 | 44.0% | 3.0% | ||
| Q2 25 | 40.9% | 2.6% | ||
| Q1 25 | -699.2% | 1.6% | ||
| Q4 24 | 28.1% | 3.3% | ||
| Q3 24 | -3.0% | -100.2% | ||
| Q2 24 | 17.1% | 7.8% |
| Q1 26 | $0.29 | — | ||
| Q4 25 | $0.48 | $0.30 | ||
| Q3 25 | $0.53 | $0.18 | ||
| Q2 25 | $0.50 | $0.16 | ||
| Q1 25 | $-1.08 | $0.09 | ||
| Q4 24 | $0.29 | $0.27 | ||
| Q3 24 | $-0.03 | $-5.33 | ||
| Q2 24 | $0.16 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $551.7M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.3B | $2.1B |
| Total Assets | $30.6B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $551.7M | — | ||
| Q4 25 | $507.6M | $839.3M | ||
| Q3 25 | $703.4M | $870.4M | ||
| Q2 25 | $948.3M | $899.6M | ||
| Q1 25 | $609.0M | $926.9M | ||
| Q4 24 | $1.9B | $930.2M | ||
| Q3 24 | $1.7B | $1.0B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $2.1B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $3.6B | $2.0B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $3.0B | $2.3B |
| Q1 26 | $30.6B | — | ||
| Q4 25 | $30.6B | $2.4B | ||
| Q3 25 | $25.5B | $2.4B | ||
| Q2 25 | $25.5B | $2.4B | ||
| Q1 25 | $25.0B | $2.3B | ||
| Q4 24 | $25.6B | $2.3B | ||
| Q3 24 | $25.5B | $2.4B | ||
| Q2 24 | $21.0B | $2.5B |
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 | — | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $432.4M | $28.8M | ||
| Q3 25 | $157.1M | $35.3M | ||
| Q2 25 | $123.9M | $-2.2M | ||
| Q1 25 | $47.3M | $13.4M | ||
| Q4 24 | $283.8M | $73.8M | ||
| Q3 24 | $108.3M | $66.1M | ||
| Q2 24 | $54.3M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.35× | 2.17× | ||
| Q3 25 | 1.48× | 4.73× | ||
| Q2 25 | 1.24× | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | 4.67× | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.06× | 2.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBC
| ALLL / total nonperforming loans ("NPLs") | $238.2M | 80% |
| Other | $51.6M | 17% |
| Return on average shareholders' equity | $6.1M | 2% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
