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Side-by-side financial comparison of GoPro, Inc. (GPRO) 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 $201.7M, roughly 1.4× GoPro, Inc.). On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 0.4%). GoPro, Inc. produced more free cash flow last quarter ($15.0M vs $10.9M). Over the past eight quarters, GoPro, Inc.'s revenue compounded faster (13.9% CAGR vs 4.4%).
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
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.
GPRO vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $201.7M | $274.5M |
| Net Profit | — | $13.3M |
| Gross Margin | 31.8% | 36.1% |
| Operating Margin | -4.1% | 1.2% |
| Net Margin | — | 4.8% |
| Revenue YoY | 0.4% | 17.1% |
| Net Profit YoY | — | 69.8% |
| EPS (diluted) | $-0.06 | $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 | $201.7M | $274.5M | ||
| Q3 25 | $162.9M | $250.8M | ||
| Q2 25 | $152.6M | $250.7M | ||
| Q1 25 | $134.3M | $227.8M | ||
| Q4 24 | $200.9M | $234.3M | ||
| Q3 24 | $258.9M | $233.1M | ||
| Q2 24 | $186.2M | $257.6M | ||
| Q1 24 | $155.5M | $252.0M |
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-21.3M | $7.5M | ||
| Q2 25 | $-16.4M | $6.6M | ||
| Q1 25 | $-46.7M | $3.8M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $-8.2M | $-233.6M | ||
| Q2 24 | $-47.8M | $20.2M | ||
| Q1 24 | $-339.1M | $24.1M |
| Q4 25 | 31.8% | 36.1% | ||
| Q3 25 | 35.1% | 39.5% | ||
| Q2 25 | 35.8% | 37.3% | ||
| Q1 25 | 32.1% | 39.4% | ||
| Q4 24 | 34.7% | 38.6% | ||
| Q3 24 | 35.5% | 23.2% | ||
| Q2 24 | 30.5% | 37.3% | ||
| Q1 24 | 34.1% | 38.7% |
| Q4 25 | -4.1% | 1.2% | ||
| Q3 25 | -9.8% | 3.1% | ||
| Q2 25 | -9.2% | 0.0% | ||
| Q1 25 | -33.7% | 0.8% | ||
| Q4 24 | -19.5% | 6.0% | ||
| Q3 24 | -3.1% | -108.7% | ||
| Q2 24 | -25.0% | 4.7% | ||
| Q1 24 | -26.6% | 7.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | -13.0% | 3.0% | ||
| Q2 25 | -10.8% | 2.6% | ||
| Q1 25 | -34.8% | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | -3.2% | -100.2% | ||
| Q2 24 | -25.7% | 7.8% | ||
| Q1 24 | -218.1% | 9.6% |
| Q4 25 | $-0.06 | $0.30 | ||
| Q3 25 | $-0.13 | $0.18 | ||
| Q2 25 | $-0.10 | $0.16 | ||
| Q1 25 | $-0.30 | $0.09 | ||
| Q4 24 | $-0.22 | $0.27 | ||
| Q3 24 | $-0.05 | $-5.33 | ||
| Q2 24 | $-0.31 | $0.45 | ||
| Q1 24 | $-2.24 | $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 | $49.7M | $839.3M |
| Total DebtLower is stronger | $44.3M | — |
| Stockholders' EquityBook value | $76.5M | $2.1B |
| Total Assets | $428.0M | $2.4B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $839.3M | ||
| Q3 25 | $152.8M | $870.4M | ||
| Q2 25 | $58.6M | $899.6M | ||
| Q1 25 | $69.6M | $926.9M | ||
| Q4 24 | $102.8M | $930.2M | ||
| Q3 24 | $130.2M | $1.0B | ||
| Q2 24 | $133.0M | $1.1B | ||
| Q1 24 | $133.7M | $1.1B |
| Q4 25 | $44.3M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.9M | — | ||
| Q1 24 | $92.7M | — |
| Q4 25 | $76.5M | $2.1B | ||
| Q3 25 | $80.5M | $2.1B | ||
| Q2 25 | $97.9M | $2.1B | ||
| Q1 25 | $110.0M | $2.1B | ||
| Q4 24 | $151.7M | $2.0B | ||
| Q3 24 | $183.9M | $2.1B | ||
| Q2 24 | $184.7M | $2.3B | ||
| Q1 24 | $224.9M | $2.3B |
| Q4 25 | $428.0M | $2.4B | ||
| Q3 25 | $538.6M | $2.4B | ||
| Q2 25 | $439.0M | $2.4B | ||
| Q1 25 | $462.5M | $2.3B | ||
| Q4 24 | $543.7M | $2.3B | ||
| Q3 24 | $661.6M | $2.4B | ||
| Q2 24 | $556.8M | $2.5B | ||
| Q1 24 | $575.8M | $2.6B |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.41× | — |
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 | $15.6M | $28.8M |
| Free Cash FlowOCF − Capex | $15.0M | $10.9M |
| FCF MarginFCF / Revenue | 7.4% | 4.0% |
| Capex IntensityCapex / Revenue | 0.3% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.0M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $28.8M | ||
| Q3 25 | $12.2M | $35.3M | ||
| Q2 25 | $8.8M | $-2.2M | ||
| Q1 25 | $-57.2M | $13.4M | ||
| Q4 24 | $-25.1M | $73.8M | ||
| Q3 24 | $-2.2M | $66.1M | ||
| Q2 24 | $605.0K | $53.5M | ||
| Q1 24 | $-98.4M | $54.6M |
| Q4 25 | $15.0M | $10.9M | ||
| Q3 25 | $11.2M | $14.6M | ||
| Q2 25 | $8.3M | $-17.6M | ||
| Q1 25 | $-58.5M | $-11.4M | ||
| Q4 24 | $-25.5M | $50.6M | ||
| Q3 24 | $-4.2M | $43.0M | ||
| Q2 24 | $-111.0K | $29.2M | ||
| Q1 24 | $-99.4M | $26.5M |
| Q4 25 | 7.4% | 4.0% | ||
| Q3 25 | 6.9% | 5.8% | ||
| Q2 25 | 5.4% | -7.0% | ||
| Q1 25 | -43.5% | -5.0% | ||
| Q4 24 | -12.7% | 21.6% | ||
| Q3 24 | -1.6% | 18.4% | ||
| Q2 24 | -0.1% | 11.3% | ||
| Q1 24 | -63.9% | 10.5% |
| Q4 25 | 0.3% | 6.5% | ||
| Q3 25 | 0.6% | 8.3% | ||
| Q2 25 | 0.3% | 6.1% | ||
| Q1 25 | 1.0% | 10.9% | ||
| Q4 24 | 0.2% | 9.9% | ||
| Q3 24 | 0.8% | 9.9% | ||
| Q2 24 | 0.4% | 9.4% | ||
| Q1 24 | 0.6% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
