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Side-by-side financial comparison of Genie Energy Ltd. (GNE) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.

IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $138.3M, roughly 2.0× Genie Energy Ltd.). Genie Energy Ltd. runs the higher net margin — 4.9% vs 4.8%, a 0.0% gap on every dollar of revenue. On growth, Genie Energy Ltd. posted the faster year-over-year revenue change (23.6% vs 17.1%). Over the past eight quarters, Genie Energy Ltd.'s revenue compounded faster (14.8% CAGR vs 4.4%).

Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.

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.

GNE vs IPGP — Head-to-Head

Bigger by revenue
IPGP
IPGP
2.0× larger
IPGP
$274.5M
$138.3M
GNE
Growing faster (revenue YoY)
GNE
GNE
+6.5% gap
GNE
23.6%
17.1%
IPGP
Higher net margin
GNE
GNE
0.0% more per $
GNE
4.9%
4.8%
IPGP
Faster 2-yr revenue CAGR
GNE
GNE
Annualised
GNE
14.8%
4.4%
IPGP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GNE
GNE
IPGP
IPGP
Revenue
$138.3M
$274.5M
Net Profit
$6.7M
$13.3M
Gross Margin
21.7%
36.1%
Operating Margin
5.0%
1.2%
Net Margin
4.9%
4.8%
Revenue YoY
23.6%
17.1%
Net Profit YoY
-33.9%
69.8%
EPS (diluted)
$0.26
$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.

Revenue
GNE
GNE
IPGP
IPGP
Q4 25
$274.5M
Q3 25
$138.3M
$250.8M
Q2 25
$105.3M
$250.7M
Q1 25
$136.8M
$227.8M
Q4 24
$102.9M
$234.3M
Q3 24
$111.9M
$233.1M
Q2 24
$90.7M
$257.6M
Q1 24
$119.7M
$252.0M
Net Profit
GNE
GNE
IPGP
IPGP
Q4 25
$13.3M
Q3 25
$6.7M
$7.5M
Q2 25
$2.8M
$6.6M
Q1 25
$10.3M
$3.8M
Q4 24
$-15.3M
$7.8M
Q3 24
$10.2M
$-233.6M
Q2 24
$9.6M
$20.2M
Q1 24
$8.1M
$24.1M
Gross Margin
GNE
GNE
IPGP
IPGP
Q4 25
36.1%
Q3 25
21.7%
39.5%
Q2 25
22.3%
37.3%
Q1 25
27.3%
39.4%
Q4 24
32.5%
38.6%
Q3 24
33.9%
23.2%
Q2 24
36.8%
37.3%
Q1 24
28.2%
38.7%
Operating Margin
GNE
GNE
IPGP
IPGP
Q4 25
1.2%
Q3 25
5.0%
3.1%
Q2 25
1.9%
0.0%
Q1 25
9.4%
0.8%
Q4 24
-20.2%
6.0%
Q3 24
10.4%
-108.7%
Q2 24
11.6%
4.7%
Q1 24
8.2%
7.6%
Net Margin
GNE
GNE
IPGP
IPGP
Q4 25
4.8%
Q3 25
4.9%
3.0%
Q2 25
2.7%
2.6%
Q1 25
7.5%
1.6%
Q4 24
-14.9%
3.3%
Q3 24
9.1%
-100.2%
Q2 24
10.6%
7.8%
Q1 24
6.8%
9.6%
EPS (diluted)
GNE
GNE
IPGP
IPGP
Q4 25
$0.30
Q3 25
$0.26
$0.18
Q2 25
$0.11
$0.16
Q1 25
$0.40
$0.09
Q4 24
$-0.58
$0.27
Q3 24
$0.38
$-5.33
Q2 24
$0.36
$0.45
Q1 24
$0.30
$0.52

Balance Sheet & Financial Strength

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

Metric
GNE
GNE
IPGP
IPGP
Cash + ST InvestmentsLiquidity on hand
$109.8M
$839.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$198.8M
$2.1B
Total Assets
$394.1M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNE
GNE
IPGP
IPGP
Q4 25
$839.3M
Q3 25
$109.8M
$870.4M
Q2 25
$106.0M
$899.6M
Q1 25
$118.3M
$926.9M
Q4 24
$110.1M
$930.2M
Q3 24
$141.8M
$1.0B
Q2 24
$126.8M
$1.1B
Q1 24
$106.9M
$1.1B
Stockholders' Equity
GNE
GNE
IPGP
IPGP
Q4 25
$2.1B
Q3 25
$198.8M
$2.1B
Q2 25
$197.0M
$2.1B
Q1 25
$198.0M
$2.1B
Q4 24
$190.5M
$2.0B
Q3 24
$211.1M
$2.1B
Q2 24
$202.1M
$2.3B
Q1 24
$192.9M
$2.3B
Total Assets
GNE
GNE
IPGP
IPGP
Q4 25
$2.4B
Q3 25
$394.1M
$2.4B
Q2 25
$383.1M
$2.4B
Q1 25
$384.4M
$2.3B
Q4 24
$371.3M
$2.3B
Q3 24
$341.7M
$2.4B
Q2 24
$322.8M
$2.5B
Q1 24
$328.3M
$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
GNE
GNE
IPGP
IPGP
Operating Cash FlowLast quarter
$13.9M
$28.8M
Free Cash FlowOCF − Capex
$10.9M
FCF MarginFCF / Revenue
4.0%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
2.07×
2.17×
TTM Free Cash FlowTrailing 4 quarters
$-3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNE
GNE
IPGP
IPGP
Q4 25
$28.8M
Q3 25
$13.9M
$35.3M
Q2 25
$1.1M
$-2.2M
Q1 25
$15.3M
$13.4M
Q4 24
$13.0M
$73.8M
Q3 24
$24.4M
$66.1M
Q2 24
$20.4M
$53.5M
Q1 24
$12.9M
$54.6M
Free Cash Flow
GNE
GNE
IPGP
IPGP
Q4 25
$10.9M
Q3 25
$14.6M
Q2 25
$-17.6M
Q1 25
$13.6M
$-11.4M
Q4 24
$50.6M
Q3 24
$21.9M
$43.0M
Q2 24
$20.1M
$29.2M
Q1 24
$11.7M
$26.5M
FCF Margin
GNE
GNE
IPGP
IPGP
Q4 25
4.0%
Q3 25
5.8%
Q2 25
-7.0%
Q1 25
9.9%
-5.0%
Q4 24
21.6%
Q3 24
19.6%
18.4%
Q2 24
22.1%
11.3%
Q1 24
9.8%
10.5%
Capex Intensity
GNE
GNE
IPGP
IPGP
Q4 25
6.5%
Q3 25
8.3%
Q2 25
6.1%
Q1 25
1.3%
10.9%
Q4 24
9.9%
Q3 24
2.2%
9.9%
Q2 24
0.4%
9.4%
Q1 24
1.0%
11.1%
Cash Conversion
GNE
GNE
IPGP
IPGP
Q4 25
2.17×
Q3 25
2.07×
4.73×
Q2 25
0.40×
-0.34×
Q1 25
1.49×
3.58×
Q4 24
9.44×
Q3 24
2.39×
Q2 24
2.12×
2.65×
Q1 24
1.59×
2.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GNE
GNE

Sales Channel Directly To Consumer$108.8M79%
Sales Channel Through Intermediary$23.5M17%
Genie Renewables GREW$6.0M4%

IPGP
IPGP

Materials Processing$232.8M85%
Laser And Non Laser Systems$38.8M14%
Transferred Over Time$5.3M2%

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