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Side-by-side financial comparison of Essent Group Ltd. (ESNT) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $274.5M, roughly 1.1× IPG PHOTONICS CORP). Essent Group Ltd. runs the higher net margin — 49.6% vs 4.8%, a 44.8% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -0.8%). Essent Group Ltd. produced more free cash flow last quarter ($848.7M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 2.3%).
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
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.
ESNT vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $312.4M | $274.5M |
| Net Profit | $155.0M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 59.1% | 1.2% |
| Net Margin | 49.6% | 4.8% |
| Revenue YoY | -0.8% | 17.1% |
| Net Profit YoY | -7.7% | 69.8% |
| EPS (diluted) | $1.61 | $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 | $312.4M | $274.5M | ||
| Q3 25 | $311.8M | $250.8M | ||
| Q2 25 | $319.1M | $250.7M | ||
| Q1 25 | $317.6M | $227.8M | ||
| Q4 24 | $315.0M | $234.3M | ||
| Q3 24 | $316.6M | $233.1M | ||
| Q2 24 | $312.9M | $257.6M | ||
| Q1 24 | $298.4M | $252.0M |
| Q4 25 | $155.0M | $13.3M | ||
| Q3 25 | $164.2M | $7.5M | ||
| Q2 25 | $195.3M | $6.6M | ||
| Q1 25 | $175.4M | $3.8M | ||
| Q4 24 | $167.9M | $7.8M | ||
| Q3 24 | $176.2M | $-233.6M | ||
| Q2 24 | $203.6M | $20.2M | ||
| Q1 24 | $181.7M | $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 | 59.1% | 1.2% | ||
| Q3 25 | 63.9% | 3.1% | ||
| Q2 25 | 72.4% | 0.0% | ||
| Q1 25 | 65.2% | 0.8% | ||
| Q4 24 | 61.9% | 6.0% | ||
| Q3 24 | 65.6% | -108.7% | ||
| Q2 24 | 76.4% | 4.7% | ||
| Q1 24 | 71.6% | 7.6% |
| Q4 25 | 49.6% | 4.8% | ||
| Q3 25 | 52.7% | 3.0% | ||
| Q2 25 | 61.2% | 2.6% | ||
| Q1 25 | 55.2% | 1.6% | ||
| Q4 24 | 53.3% | 3.3% | ||
| Q3 24 | 55.6% | -100.2% | ||
| Q2 24 | 65.1% | 7.8% | ||
| Q1 24 | 60.9% | 9.6% |
| Q4 25 | $1.61 | $0.30 | ||
| Q3 25 | $1.67 | $0.18 | ||
| Q2 25 | $1.93 | $0.16 | ||
| Q1 25 | $1.69 | $0.09 | ||
| Q4 24 | $1.59 | $0.27 | ||
| Q3 24 | $1.65 | $-5.33 | ||
| Q2 24 | $1.91 | $0.45 | ||
| Q1 24 | $1.70 | $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 | $5.8B | $2.1B |
| Total Assets | $7.4B | $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 | $5.8B | $2.1B | ||
| Q3 25 | $5.7B | $2.1B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | $5.7B | $2.1B | ||
| Q4 24 | $5.6B | $2.0B | ||
| Q3 24 | $5.6B | $2.1B | ||
| Q2 24 | $5.4B | $2.3B | ||
| Q1 24 | $5.2B | $2.3B |
| Q4 25 | $7.4B | $2.4B | ||
| Q3 25 | $7.4B | $2.4B | ||
| Q2 25 | $7.2B | $2.4B | ||
| Q1 25 | $7.2B | $2.3B | ||
| Q4 24 | $7.1B | $2.3B | ||
| Q3 24 | $7.1B | $2.4B | ||
| Q2 24 | $6.7B | $2.5B | ||
| Q1 24 | $6.6B | $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 | $856.1M | $28.8M |
| Free Cash FlowOCF − Capex | $848.7M | $10.9M |
| FCF MarginFCF / Revenue | 271.7% | 4.0% |
| Capex IntensityCapex / Revenue | 2.4% | 6.5% |
| Cash ConversionOCF / Net Profit | 5.52× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $856.1M | $28.8M | ||
| Q3 25 | $215.9M | $35.3M | ||
| Q2 25 | $189.5M | $-2.2M | ||
| Q1 25 | $221.6M | $13.4M | ||
| Q4 24 | $861.5M | $73.8M | ||
| Q3 24 | $229.2M | $66.1M | ||
| Q2 24 | $188.7M | $53.5M | ||
| Q1 24 | $216.9M | $54.6M |
| Q4 25 | $848.7M | $10.9M | ||
| Q3 25 | $210.6M | $14.6M | ||
| Q2 25 | $188.8M | $-17.6M | ||
| Q1 25 | $221.3M | $-11.4M | ||
| Q4 24 | $854.8M | $50.6M | ||
| Q3 24 | $228.7M | $43.0M | ||
| Q2 24 | $187.6M | $29.2M | ||
| Q1 24 | $212.5M | $26.5M |
| Q4 25 | 271.7% | 4.0% | ||
| Q3 25 | 67.5% | 5.8% | ||
| Q2 25 | 59.2% | -7.0% | ||
| Q1 25 | 69.7% | -5.0% | ||
| Q4 24 | 271.3% | 21.6% | ||
| Q3 24 | 72.2% | 18.4% | ||
| Q2 24 | 60.0% | 11.3% | ||
| Q1 24 | 71.2% | 10.5% |
| Q4 25 | 2.4% | 6.5% | ||
| Q3 25 | 1.7% | 8.3% | ||
| Q2 25 | 0.2% | 6.1% | ||
| Q1 25 | 0.1% | 10.9% | ||
| Q4 24 | 2.1% | 9.9% | ||
| Q3 24 | 0.2% | 9.9% | ||
| Q2 24 | 0.3% | 9.4% | ||
| Q1 24 | 1.5% | 11.1% |
| Q4 25 | 5.52× | 2.17× | ||
| Q3 25 | 1.31× | 4.73× | ||
| Q2 25 | 0.97× | -0.34× | ||
| Q1 25 | 1.26× | 3.58× | ||
| Q4 24 | 5.13× | 9.44× | ||
| Q3 24 | 1.30× | — | ||
| Q2 24 | 0.93× | 2.65× | ||
| Q1 24 | 1.19× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
