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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $274.5M, roughly 1.1× IPG PHOTONICS CORP). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 4.8%, a 8.1% gap on every dollar of revenue. Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
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.
HTH vs IPGP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $274.5M |
| Net Profit | $39.0M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | — | 1.2% |
| Net Margin | 13.0% | 4.8% |
| Revenue YoY | — | 17.1% |
| Net Profit YoY | -12.4% | 69.8% |
| EPS (diluted) | $0.64 | $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.
| Q1 26 | $300.5M | — | ||
| Q4 25 | $329.9M | $274.5M | ||
| Q3 25 | $330.2M | $250.8M | ||
| Q2 25 | $303.3M | $250.7M | ||
| Q1 25 | $318.5M | $227.8M | ||
| Q4 24 | $301.1M | $234.3M | ||
| Q3 24 | $305.5M | $233.1M | ||
| Q2 24 | $297.0M | $257.6M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $13.3M | ||
| Q3 25 | $45.8M | $7.5M | ||
| Q2 25 | $36.1M | $6.6M | ||
| Q1 25 | $42.1M | $3.8M | ||
| Q4 24 | $35.5M | $7.8M | ||
| Q3 24 | $29.7M | $-233.6M | ||
| Q2 24 | $20.3M | $20.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 16.1% | 1.2% | ||
| Q3 25 | 18.4% | 3.1% | ||
| Q2 25 | 16.3% | 0.0% | ||
| Q1 25 | 18.1% | 0.8% | ||
| Q4 24 | 14.7% | 6.0% | ||
| Q3 24 | 13.9% | -108.7% | ||
| Q2 24 | 10.0% | 4.7% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | 4.8% | ||
| Q3 25 | 13.9% | 3.0% | ||
| Q2 25 | 11.9% | 2.6% | ||
| Q1 25 | 13.2% | 1.6% | ||
| Q4 24 | 11.8% | 3.3% | ||
| Q3 24 | 9.7% | -100.2% | ||
| Q2 24 | 6.8% | 7.8% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $0.30 | ||
| Q3 25 | $0.74 | $0.18 | ||
| Q2 25 | $0.57 | $0.16 | ||
| Q1 25 | $0.65 | $0.09 | ||
| Q4 24 | $0.55 | $0.27 | ||
| Q3 24 | $0.46 | $-5.33 | ||
| Q2 24 | $0.31 | $0.45 |
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 | $990.8M | — |
| Stockholders' EquityBook value | $2.2B | $2.1B |
| Total Assets | $15.7B | $2.4B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $990.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.1B | $2.3B |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $2.4B | ||
| Q3 25 | $15.6B | $2.4B | ||
| Q2 25 | $15.4B | $2.4B | ||
| Q1 25 | $15.8B | $2.3B | ||
| Q4 24 | $16.3B | $2.3B | ||
| Q3 24 | $15.9B | $2.4B | ||
| Q2 24 | $15.6B | $2.5B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | $28.8M | ||
| Q3 25 | $273.0M | $35.3M | ||
| Q2 25 | $-234.6M | $-2.2M | ||
| Q1 25 | $5.8M | $13.4M | ||
| Q4 24 | $273.9M | $73.8M | ||
| Q3 24 | $515.6M | $66.1M | ||
| Q2 24 | $-435.3M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | $10.9M | ||
| Q3 25 | $271.0M | $14.6M | ||
| Q2 25 | $-234.6M | $-17.6M | ||
| Q1 25 | $5.0M | $-11.4M | ||
| Q4 24 | $266.8M | $50.6M | ||
| Q3 24 | $513.8M | $43.0M | ||
| Q2 24 | $-437.3M | $29.2M |
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 4.0% | ||
| Q3 25 | 82.1% | 5.8% | ||
| Q2 25 | -77.4% | -7.0% | ||
| Q1 25 | 1.6% | -5.0% | ||
| Q4 24 | 88.6% | 21.6% | ||
| Q3 24 | 168.2% | 18.4% | ||
| Q2 24 | -147.2% | 11.3% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 6.5% | ||
| Q3 25 | 0.6% | 8.3% | ||
| Q2 25 | 0.0% | 6.1% | ||
| Q1 25 | 0.3% | 10.9% | ||
| Q4 24 | 2.4% | 9.9% | ||
| Q3 24 | 0.6% | 9.9% | ||
| Q2 24 | 0.7% | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | 2.17× | ||
| Q3 25 | 5.96× | 4.73× | ||
| Q2 25 | -6.50× | -0.34× | ||
| Q1 25 | 0.14× | 3.58× | ||
| Q4 24 | 7.71× | 9.44× | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | 2.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
