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Side-by-side financial comparison of Huron Consulting Group Inc. (HURN) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Huron Consulting Group Inc. is the larger business by last-quarter revenue ($442.0M vs $274.5M, roughly 1.6× IPG PHOTONICS CORP). Huron Consulting Group Inc. runs the higher net margin — 6.9% vs 4.8%, a 2.1% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 10.7%). Huron Consulting Group Inc. produced more free cash flow last quarter ($123.8M vs $10.9M). Over the past eight quarters, Huron Consulting Group Inc.'s revenue compounded faster (10.3% CAGR vs 4.4%).
Huron Consulting Group, commonly known as Huron, is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.
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.
HURN vs IPGP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $442.0M | $274.5M |
| Net Profit | $30.7M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 11.4% | 1.2% |
| Net Margin | 6.9% | 4.8% |
| Revenue YoY | 10.7% | 17.1% |
| Net Profit YoY | -9.8% | 69.8% |
| EPS (diluted) | $1.71 | $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 | $442.0M | $274.5M | ||
| Q3 25 | $441.3M | $250.8M | ||
| Q2 25 | $411.8M | $250.7M | ||
| Q1 25 | $404.1M | $227.8M | ||
| Q4 24 | $399.3M | $234.3M | ||
| Q3 24 | $378.1M | $233.1M | ||
| Q2 24 | $381.0M | $257.6M | ||
| Q1 24 | $363.4M | $252.0M |
| Q4 25 | $30.7M | $13.3M | ||
| Q3 25 | $30.4M | $7.5M | ||
| Q2 25 | $19.4M | $6.6M | ||
| Q1 25 | $24.5M | $3.8M | ||
| Q4 24 | $34.0M | $7.8M | ||
| Q3 24 | $27.1M | $-233.6M | ||
| Q2 24 | $37.5M | $20.2M | ||
| Q1 24 | $18.0M | $24.1M |
| 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 24 | — | 38.7% |
| Q4 25 | 11.4% | 1.2% | ||
| Q3 25 | 11.3% | 3.1% | ||
| Q2 25 | 11.1% | 0.0% | ||
| Q1 25 | 8.1% | 0.8% | ||
| Q4 24 | 11.8% | 6.0% | ||
| Q3 24 | 11.2% | -108.7% | ||
| Q2 24 | 15.6% | 4.7% | ||
| Q1 24 | 5.5% | 7.6% |
| Q4 25 | 6.9% | 4.8% | ||
| Q3 25 | 6.9% | 3.0% | ||
| Q2 25 | 4.7% | 2.6% | ||
| Q1 25 | 6.1% | 1.6% | ||
| Q4 24 | 8.5% | 3.3% | ||
| Q3 24 | 7.2% | -100.2% | ||
| Q2 24 | 9.8% | 7.8% | ||
| Q1 24 | 5.0% | 9.6% |
| Q4 25 | $1.71 | $0.30 | ||
| Q3 25 | $1.71 | $0.18 | ||
| Q2 25 | $1.09 | $0.16 | ||
| Q1 25 | $1.33 | $0.09 | ||
| Q4 24 | $1.82 | $0.27 | ||
| Q3 24 | $1.47 | $-5.33 | ||
| Q2 24 | $2.03 | $0.45 | ||
| Q1 24 | $0.95 | $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 | $24.5M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.6M | $2.1B |
| Total Assets | $1.5B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $839.3M | ||
| Q3 25 | $23.9M | $870.4M | ||
| Q2 25 | $61.0M | $899.6M | ||
| Q1 25 | $23.4M | $926.9M | ||
| Q4 24 | $21.9M | $930.2M | ||
| Q3 24 | $18.5M | $1.0B | ||
| Q2 24 | $17.6M | $1.1B | ||
| Q1 24 | $18.6M | $1.1B |
| Q4 25 | $528.6M | $2.1B | ||
| Q3 25 | $499.8M | $2.1B | ||
| Q2 25 | $475.0M | $2.1B | ||
| Q1 25 | $494.3M | $2.1B | ||
| Q4 24 | $561.3M | $2.0B | ||
| Q3 24 | $522.8M | $2.1B | ||
| Q2 24 | $500.6M | $2.3B | ||
| Q1 24 | $495.6M | $2.3B |
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.3B | $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 | $126.4M | $28.8M |
| Free Cash FlowOCF − Capex | $123.8M | $10.9M |
| FCF MarginFCF / Revenue | 28.0% | 4.0% |
| Capex IntensityCapex / Revenue | 0.6% | 6.5% |
| Cash ConversionOCF / Net Profit | 4.12× | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $183.0M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.4M | $28.8M | ||
| Q3 25 | $93.8M | $35.3M | ||
| Q2 25 | $80.0M | $-2.2M | ||
| Q1 25 | $-106.8M | $13.4M | ||
| Q4 24 | $139.6M | $73.8M | ||
| Q3 24 | $85.2M | $66.1M | ||
| Q2 24 | $107.2M | $53.5M | ||
| Q1 24 | $-130.7M | $54.6M |
| Q4 25 | $123.8M | $10.9M | ||
| Q3 25 | $89.8M | $14.6M | ||
| Q2 25 | $78.0M | $-17.6M | ||
| Q1 25 | $-108.7M | $-11.4M | ||
| Q4 24 | $137.0M | $50.6M | ||
| Q3 24 | $82.8M | $43.0M | ||
| Q2 24 | $104.7M | $29.2M | ||
| Q1 24 | $-131.9M | $26.5M |
| Q4 25 | 28.0% | 4.0% | ||
| Q3 25 | 20.3% | 5.8% | ||
| Q2 25 | 18.9% | -7.0% | ||
| Q1 25 | -26.9% | -5.0% | ||
| Q4 24 | 34.3% | 21.6% | ||
| Q3 24 | 21.9% | 18.4% | ||
| Q2 24 | 27.5% | 11.3% | ||
| Q1 24 | -36.3% | 10.5% |
| Q4 25 | 0.6% | 6.5% | ||
| Q3 25 | 0.9% | 8.3% | ||
| Q2 25 | 0.5% | 6.1% | ||
| Q1 25 | 0.5% | 10.9% | ||
| Q4 24 | 0.7% | 9.9% | ||
| Q3 24 | 0.6% | 9.9% | ||
| Q2 24 | 0.6% | 9.4% | ||
| Q1 24 | 0.3% | 11.1% |
| Q4 25 | 4.12× | 2.17× | ||
| Q3 25 | 3.08× | 4.73× | ||
| Q2 25 | 4.12× | -0.34× | ||
| Q1 25 | -4.35× | 3.58× | ||
| Q4 24 | 4.11× | 9.44× | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.86× | 2.65× | ||
| Q1 24 | -7.26× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HURN
| Consulting And Managed Services Capability | $172.9M | 39% |
| Education | $118.7M | 27% |
| Commercial | $91.9M | 21% |
| Digital Capability | $54.6M | 12% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
