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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $274.5M, roughly 1.3× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 4.2%, a 0.6% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 14.3%). GLOBAL INDUSTRIAL Co produced more free cash flow last quarter ($19.2M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 3.4%).
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
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.
GIC vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $345.6M | $274.5M |
| Net Profit | $14.6M | $13.3M |
| Gross Margin | 34.5% | 36.1% |
| Operating Margin | 5.7% | 1.2% |
| Net Margin | 4.2% | 4.8% |
| Revenue YoY | 14.3% | 17.1% |
| Net Profit YoY | 36.4% | 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.
| Q4 25 | $345.6M | $274.5M | ||
| Q3 25 | $353.6M | $250.8M | ||
| Q2 25 | $358.9M | $250.7M | ||
| Q1 25 | $321.0M | $227.8M | ||
| Q4 24 | $302.3M | $234.3M | ||
| Q3 24 | $342.4M | $233.1M | ||
| Q2 24 | $347.8M | $257.6M | ||
| Q1 24 | $323.4M | $252.0M |
| Q4 25 | $14.6M | $13.3M | ||
| Q3 25 | $18.8M | $7.5M | ||
| Q2 25 | $25.1M | $6.6M | ||
| Q1 25 | $13.6M | $3.8M | ||
| Q4 24 | $10.7M | $7.8M | ||
| Q3 24 | $16.8M | $-233.6M | ||
| Q2 24 | $20.3M | $20.2M | ||
| Q1 24 | $13.2M | $24.1M |
| Q4 25 | 34.5% | 36.1% | ||
| Q3 25 | 35.6% | 39.5% | ||
| Q2 25 | 37.1% | 37.3% | ||
| Q1 25 | 34.9% | 39.4% | ||
| Q4 24 | 33.8% | 38.6% | ||
| Q3 24 | 34.0% | 23.2% | ||
| Q2 24 | 35.2% | 37.3% | ||
| Q1 24 | 34.3% | 38.7% |
| Q4 25 | 5.7% | 1.2% | ||
| Q3 25 | 7.4% | 3.1% | ||
| Q2 25 | 9.3% | 0.0% | ||
| Q1 25 | 5.7% | 0.8% | ||
| Q4 24 | 4.8% | 6.0% | ||
| Q3 24 | 6.5% | -108.7% | ||
| Q2 24 | 7.6% | 4.7% | ||
| Q1 24 | 5.4% | 7.6% |
| Q4 25 | 4.2% | 4.8% | ||
| Q3 25 | 5.3% | 3.0% | ||
| Q2 25 | 7.0% | 2.6% | ||
| Q1 25 | 4.2% | 1.6% | ||
| Q4 24 | 3.5% | 3.3% | ||
| Q3 24 | 4.9% | -100.2% | ||
| Q2 24 | 5.8% | 7.8% | ||
| Q1 24 | 4.1% | 9.6% |
| Q4 25 | $0.37 | $0.30 | ||
| Q3 25 | $0.48 | $0.18 | ||
| Q2 25 | $0.65 | $0.16 | ||
| Q1 25 | $0.35 | $0.09 | ||
| Q4 24 | $0.28 | $0.27 | ||
| Q3 24 | $0.44 | $-5.33 | ||
| Q2 24 | $0.52 | $0.45 | ||
| Q1 24 | $0.34 | $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 | $67.5M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $313.2M | $2.1B |
| Total Assets | $580.8M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $839.3M | ||
| Q3 25 | $67.2M | $870.4M | ||
| Q2 25 | $55.1M | $899.6M | ||
| Q1 25 | $39.0M | $926.9M | ||
| Q4 24 | $44.6M | $930.2M | ||
| Q3 24 | $38.9M | $1.0B | ||
| Q2 24 | $38.8M | $1.1B | ||
| Q1 24 | $29.9M | $1.1B |
| Q4 25 | $313.2M | $2.1B | ||
| Q3 25 | $316.0M | $2.1B | ||
| Q2 25 | $305.2M | $2.1B | ||
| Q1 25 | $287.9M | $2.1B | ||
| Q4 24 | $281.1M | $2.0B | ||
| Q3 24 | $279.2M | $2.1B | ||
| Q2 24 | $270.4M | $2.3B | ||
| Q1 24 | $260.2M | $2.3B |
| Q4 25 | $580.8M | $2.4B | ||
| Q3 25 | $602.5M | $2.4B | ||
| Q2 25 | $586.5M | $2.4B | ||
| Q1 25 | $536.7M | $2.3B | ||
| Q4 24 | $520.7M | $2.3B | ||
| Q3 24 | $531.6M | $2.4B | ||
| Q2 24 | $542.5M | $2.5B | ||
| Q1 24 | $517.4M | $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 | $20.0M | $28.8M |
| Free Cash FlowOCF − Capex | $19.2M | $10.9M |
| FCF MarginFCF / Revenue | 5.6% | 4.0% |
| Capex IntensityCapex / Revenue | 0.2% | 6.5% |
| Cash ConversionOCF / Net Profit | 1.37× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $74.7M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $28.8M | ||
| Q3 25 | $22.7M | $35.3M | ||
| Q2 25 | $31.7M | $-2.2M | ||
| Q1 25 | $3.4M | $13.4M | ||
| Q4 24 | $15.9M | $73.8M | ||
| Q3 24 | $9.6M | $66.1M | ||
| Q2 24 | $18.8M | $53.5M | ||
| Q1 24 | $6.4M | $54.6M |
| Q4 25 | $19.2M | $10.9M | ||
| Q3 25 | $22.0M | $14.6M | ||
| Q2 25 | $30.3M | $-17.6M | ||
| Q1 25 | $3.2M | $-11.4M | ||
| Q4 24 | $15.2M | $50.6M | ||
| Q3 24 | $8.7M | $43.0M | ||
| Q2 24 | $17.9M | $29.2M | ||
| Q1 24 | $5.1M | $26.5M |
| Q4 25 | 5.6% | 4.0% | ||
| Q3 25 | 6.2% | 5.8% | ||
| Q2 25 | 8.4% | -7.0% | ||
| Q1 25 | 1.0% | -5.0% | ||
| Q4 24 | 5.0% | 21.6% | ||
| Q3 24 | 2.5% | 18.4% | ||
| Q2 24 | 5.1% | 11.3% | ||
| Q1 24 | 1.6% | 10.5% |
| Q4 25 | 0.2% | 6.5% | ||
| Q3 25 | 0.2% | 8.3% | ||
| Q2 25 | 0.4% | 6.1% | ||
| Q1 25 | 0.1% | 10.9% | ||
| Q4 24 | 0.2% | 9.9% | ||
| Q3 24 | 0.3% | 9.9% | ||
| Q2 24 | 0.3% | 9.4% | ||
| Q1 24 | 0.4% | 11.1% |
| Q4 25 | 1.37× | 2.17× | ||
| Q3 25 | 1.21× | 4.73× | ||
| Q2 25 | 1.26× | -0.34× | ||
| Q1 25 | 0.25× | 3.58× | ||
| Q4 24 | 1.49× | 9.44× | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.93× | 2.65× | ||
| Q1 24 | 0.48× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIC
Segment breakdown not available.
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
