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Side-by-side financial comparison of EZCORP INC (EZPW) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
EZCORP INC is the larger business by last-quarter revenue ($382.0M vs $274.5M, roughly 1.4× IPG PHOTONICS CORP). EZCORP INC runs the higher net margin — 11.6% vs 4.8%, a 6.8% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 17.1%). EZCORP INC produced more free cash flow last quarter ($31.7M vs $10.9M). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs 4.4%).
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
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.
EZPW vs IPGP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $274.5M |
| Net Profit | $44.3M | $13.3M |
| Gross Margin | 58.4% | 36.1% |
| Operating Margin | 15.9% | 1.2% |
| Net Margin | 11.6% | 4.8% |
| Revenue YoY | 19.3% | 17.1% |
| Net Profit YoY | 42.8% | 69.8% |
| EPS (diluted) | $0.55 | $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 | $382.0M | $274.5M | ||
| Q3 25 | $336.8M | $250.8M | ||
| Q2 25 | $311.0M | $250.7M | ||
| Q1 25 | $306.3M | $227.8M | ||
| Q4 24 | $320.2M | $234.3M | ||
| Q3 24 | $294.6M | $233.1M | ||
| Q2 24 | $281.4M | $257.6M | ||
| Q1 24 | $285.6M | $252.0M |
| Q4 25 | $44.3M | $13.3M | ||
| Q3 25 | $26.7M | $7.5M | ||
| Q2 25 | $26.5M | $6.6M | ||
| Q1 25 | $25.4M | $3.8M | ||
| Q4 24 | $31.0M | $7.8M | ||
| Q3 24 | $15.2M | $-233.6M | ||
| Q2 24 | $17.9M | $20.2M | ||
| Q1 24 | $21.5M | $24.1M |
| Q4 25 | 58.4% | 36.1% | ||
| Q3 25 | 59.0% | 39.5% | ||
| Q2 25 | 59.1% | 37.3% | ||
| Q1 25 | 58.3% | 39.4% | ||
| Q4 24 | 57.9% | 38.6% | ||
| Q3 24 | 59.5% | 23.2% | ||
| Q2 24 | 59.2% | 37.3% | ||
| Q1 24 | 58.7% | 38.7% |
| Q4 25 | 15.9% | 1.2% | ||
| Q3 25 | 11.0% | 3.1% | ||
| Q2 25 | 11.6% | 0.0% | ||
| Q1 25 | 11.2% | 0.8% | ||
| Q4 24 | 13.1% | 6.0% | ||
| Q3 24 | 8.8% | -108.7% | ||
| Q2 24 | 7.9% | 4.7% | ||
| Q1 24 | 9.6% | 7.6% |
| Q4 25 | 11.6% | 4.8% | ||
| Q3 25 | 7.9% | 3.0% | ||
| Q2 25 | 8.5% | 2.6% | ||
| Q1 25 | 8.3% | 1.6% | ||
| Q4 24 | 9.7% | 3.3% | ||
| Q3 24 | 5.2% | -100.2% | ||
| Q2 24 | 6.4% | 7.8% | ||
| Q1 24 | 7.5% | 9.6% |
| Q4 25 | $0.55 | $0.30 | ||
| Q3 25 | $0.35 | $0.18 | ||
| Q2 25 | $0.34 | $0.16 | ||
| Q1 25 | $0.33 | $0.09 | ||
| Q4 24 | $0.40 | $0.27 | ||
| Q3 24 | $0.20 | $-5.33 | ||
| Q2 24 | $0.25 | $0.45 | ||
| Q1 24 | $0.29 | $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 | $465.9M | $839.3M |
| Total DebtLower is stronger | $518.6M | — |
| Stockholders' EquityBook value | $1.1B | $2.1B |
| Total Assets | $2.0B | $2.4B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | $839.3M | ||
| Q3 25 | $469.5M | $870.4M | ||
| Q2 25 | $472.1M | $899.6M | ||
| Q1 25 | $505.2M | $926.9M | ||
| Q4 24 | $174.5M | $930.2M | ||
| Q3 24 | $170.5M | $1.0B | ||
| Q2 24 | $218.0M | $1.1B | ||
| Q1 24 | $229.1M | $1.1B |
| Q4 25 | $518.6M | — | ||
| Q3 25 | $518.1M | — | ||
| Q2 25 | $517.6M | — | ||
| Q1 25 | $620.5M | — | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | — |
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $990.1M | $2.1B | ||
| Q1 25 | $851.6M | $2.1B | ||
| Q4 24 | $823.9M | $2.0B | ||
| Q3 24 | $804.6M | $2.1B | ||
| Q2 24 | $801.5M | $2.3B | ||
| Q1 24 | $800.4M | $2.3B |
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $2.0B | $2.4B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $2.6B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $39.1M | $28.8M |
| Free Cash FlowOCF − Capex | $31.7M | $10.9M |
| FCF MarginFCF / Revenue | 8.3% | 4.0% |
| Capex IntensityCapex / Revenue | 2.0% | 6.5% |
| Cash ConversionOCF / Net Profit | 0.88× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | $28.8M | ||
| Q3 25 | $51.3M | $35.3M | ||
| Q2 25 | $34.8M | $-2.2M | ||
| Q1 25 | $36.9M | $13.4M | ||
| Q4 24 | $26.0M | $73.8M | ||
| Q3 24 | $43.3M | $66.1M | ||
| Q2 24 | $33.7M | $53.5M | ||
| Q1 24 | $15.1M | $54.6M |
| Q4 25 | $31.7M | $10.9M | ||
| Q3 25 | $35.7M | $14.6M | ||
| Q2 25 | $25.7M | $-17.6M | ||
| Q1 25 | $28.6M | $-11.4M | ||
| Q4 24 | $20.4M | $50.6M | ||
| Q3 24 | $24.4M | $43.0M | ||
| Q2 24 | $30.5M | $29.2M | ||
| Q1 24 | $8.6M | $26.5M |
| Q4 25 | 8.3% | 4.0% | ||
| Q3 25 | 10.6% | 5.8% | ||
| Q2 25 | 8.3% | -7.0% | ||
| Q1 25 | 9.3% | -5.0% | ||
| Q4 24 | 6.4% | 21.6% | ||
| Q3 24 | 8.3% | 18.4% | ||
| Q2 24 | 10.8% | 11.3% | ||
| Q1 24 | 3.0% | 10.5% |
| Q4 25 | 2.0% | 6.5% | ||
| Q3 25 | 4.6% | 8.3% | ||
| Q2 25 | 2.9% | 6.1% | ||
| Q1 25 | 2.7% | 10.9% | ||
| Q4 24 | 1.8% | 9.9% | ||
| Q3 24 | 6.4% | 9.9% | ||
| Q2 24 | 1.1% | 9.4% | ||
| Q1 24 | 2.3% | 11.1% |
| Q4 25 | 0.88× | 2.17× | ||
| Q3 25 | 1.92× | 4.73× | ||
| Q2 25 | 1.31× | -0.34× | ||
| Q1 25 | 1.45× | 3.58× | ||
| Q4 24 | 0.84× | 9.44× | ||
| Q3 24 | 2.85× | — | ||
| Q2 24 | 1.88× | 2.65× | ||
| Q1 24 | 0.70× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
