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Side-by-side financial comparison of Equinox Gold Corp. (EQX) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.

Laser Photonics Corp is the larger business by last-quarter revenue ($919.3K vs $575.0K, roughly 1.6× Equinox Gold Corp.). Equinox Gold Corp. runs the higher net margin — 4.9% vs -506.4%, a 511.4% gap on every dollar of revenue.

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Jamaica, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound. As of ...

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.

EQX vs LASE — Head-to-Head

Bigger by revenue
LASE
LASE
1.6× larger
LASE
$919.3K
$575.0K
EQX
Higher net margin
EQX
EQX
511.4% more per $
EQX
4.9%
-506.4%
LASE

Income Statement — Q4 FY2024 vs Q3 FY2025

Metric
EQX
EQX
LASE
LASE
Revenue
$575.0K
$919.3K
Net Profit
$28.3K
$-4.7M
Gross Margin
-20.1%
Operating Margin
-350.0%
Net Margin
4.9%
-506.4%
Revenue YoY
28.3%
Net Profit YoY
-186.5%
EPS (diluted)
$0.17
$-0.27

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
EQX
EQX
LASE
LASE
Q3 25
$919.3K
Q2 25
$2.6M
Q1 25
$2.3M
Q4 24
$575.0K
$1.3M
Q3 24
$716.7K
Q2 24
$623.4K
Q1 24
$743.0K
Q4 23
$994.6K
Net Profit
EQX
EQX
LASE
LASE
Q3 25
$-4.7M
Q2 25
$-1.8M
Q1 25
$-1.7M
Q4 24
$28.3K
$586.4K
Q3 24
$-1.6M
Q2 24
$-934.3K
Q1 24
$-545.7K
Q4 23
$-486.6K
Gross Margin
EQX
EQX
LASE
LASE
Q3 25
-20.1%
Q2 25
53.5%
Q1 25
49.8%
Q4 24
13.3%
Q3 24
85.0%
Q2 24
50.6%
Q1 24
51.9%
Q4 23
84.5%
Operating Margin
EQX
EQX
LASE
LASE
Q3 25
-350.0%
Q2 25
-37.0%
Q1 25
-68.7%
Q4 24
-255.1%
Q3 24
-238.0%
Q2 24
-149.4%
Q1 24
-73.8%
Q4 23
-88.4%
Net Margin
EQX
EQX
LASE
LASE
Q3 25
-506.4%
Q2 25
-68.3%
Q1 25
-73.4%
Q4 24
4.9%
45.7%
Q3 24
-226.8%
Q2 24
-149.9%
Q1 24
-73.4%
Q4 23
-48.9%
EPS (diluted)
EQX
EQX
LASE
LASE
Q3 25
$-0.27
Q2 25
$-0.12
Q1 25
$-0.12
Q4 24
$0.17
$0.06
Q3 24
$-0.13
Q2 24
$-0.09
Q1 24
$-0.06
Q4 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
EQX
EQX
LASE
LASE
Cash + ST InvestmentsLiquidity on hand
$3.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
Total Assets
$17.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQX
EQX
LASE
LASE
Q3 25
$3.6M
Q2 25
$78.5K
Q1 25
$179.1K
Q4 24
$533.9K
Q3 24
$2.1M
Q2 24
$2.7M
Q1 24
$5.2M
Q4 23
$6.2M
Stockholders' Equity
EQX
EQX
LASE
LASE
Q3 25
$4.1M
Q2 25
$4.3M
Q1 25
$6.8M
Q4 24
$10.2M
Q3 24
$9.7M
Q2 24
$10.3M
Q1 24
$12.4M
Q4 23
$13.9M
Total Assets
EQX
EQX
LASE
LASE
Q3 25
$17.5M
Q2 25
$14.9M
Q1 25
$16.0M
Q4 24
$17.2M
Q3 24
$10.6M
Q2 24
$11.1M
Q1 24
$13.6M
Q4 23
$15.1M

Cash Flow & Capital Efficiency

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

Metric
EQX
EQX
LASE
LASE
Operating Cash FlowLast quarter
$763.1K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQX
EQX
LASE
LASE
Q3 25
$763.1K
Q2 25
$-1.0M
Q1 25
$-1.2M
Q4 24
$-6.5M
Q3 24
$632.7K
Q2 24
$-2.4M
Q1 24
$-866.3K
Q4 23
$-2.0M
Free Cash Flow
EQX
EQX
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$589.6K
Q2 24
$-2.4M
Q1 24
$-1.0M
Q4 23
FCF Margin
EQX
EQX
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
82.3%
Q2 24
-388.0%
Q1 24
-136.9%
Q4 23
Capex Intensity
EQX
EQX
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.0%
Q2 24
5.1%
Q1 24
20.3%
Q4 23
Cash Conversion
EQX
EQX
LASE
LASE
Q3 25
Q2 25
Q1 25
Q4 24
-11.11×
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

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