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Side-by-side financial comparison of Ivanhoe Electric Inc. (IE) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.
Laser Photonics Corp is the larger business by last-quarter revenue ($919.3K vs $896.0K, roughly 1.0× Ivanhoe Electric Inc.). Laser Photonics Corp runs the higher net margin — -506.4% vs -4500.4%, a 3994.0% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -32.7%). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs -3.9%).
Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.
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.
IE vs LASE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $896.0K | $919.3K |
| Net Profit | $-40.3M | $-4.7M |
| Gross Margin | 69.5% | -20.1% |
| Operating Margin | -4167.7% | -350.0% |
| Net Margin | -4500.4% | -506.4% |
| Revenue YoY | -32.7% | 28.3% |
| Net Profit YoY | -318.3% | -186.5% |
| EPS (diluted) | $0.24 | $-0.27 |
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 | $896.0K | — | ||
| Q3 25 | $545.0K | $919.3K | ||
| Q2 25 | $1.1M | $2.6M | ||
| Q1 25 | $735.0K | $2.3M | ||
| Q4 24 | $1.3M | $1.3M | ||
| Q3 24 | $671.0K | $716.7K | ||
| Q2 24 | $538.0K | $623.4K | ||
| Q1 24 | $360.0K | $743.0K |
| Q4 25 | $-40.3M | — | ||
| Q3 25 | $-17.5M | $-4.7M | ||
| Q2 25 | $-23.9M | $-1.8M | ||
| Q1 25 | $-34.1M | $-1.7M | ||
| Q4 24 | $18.5M | $586.4K | ||
| Q3 24 | $-43.2M | $-1.6M | ||
| Q2 24 | $-46.8M | $-934.3K | ||
| Q1 24 | $-60.1M | $-545.7K |
| Q4 25 | 69.5% | — | ||
| Q3 25 | 51.2% | -20.1% | ||
| Q2 25 | 72.5% | 53.5% | ||
| Q1 25 | 60.1% | 49.8% | ||
| Q4 24 | 64.7% | 13.3% | ||
| Q3 24 | 61.8% | 85.0% | ||
| Q2 24 | 64.3% | 50.6% | ||
| Q1 24 | 72.2% | 51.9% |
| Q4 25 | -4167.7% | — | ||
| Q3 25 | -4328.3% | -350.0% | ||
| Q2 25 | -2400.3% | -37.0% | ||
| Q1 25 | -3674.0% | -68.7% | ||
| Q4 24 | -2229.4% | -255.1% | ||
| Q3 24 | -6233.8% | -238.0% | ||
| Q2 24 | -9023.4% | -149.4% | ||
| Q1 24 | -15800.3% | -73.8% |
| Q4 25 | -4500.4% | — | ||
| Q3 25 | -3214.9% | -506.4% | ||
| Q2 25 | -2233.2% | -68.3% | ||
| Q1 25 | -4645.0% | -73.4% | ||
| Q4 24 | 1386.6% | 45.7% | ||
| Q3 24 | -6443.5% | -226.8% | ||
| Q2 24 | -8695.7% | -149.9% | ||
| Q1 24 | -16693.1% | -73.4% |
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.13 | $-0.27 | ||
| Q2 25 | $0.18 | $-0.12 | ||
| Q1 25 | $0.24 | $-0.12 | ||
| Q4 24 | $-0.14 | $0.06 | ||
| Q3 24 | $0.36 | $-0.13 | ||
| Q2 24 | $0.39 | $-0.09 | ||
| Q1 24 | $0.46 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $173.3M | $3.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $416.1M | $4.1M |
| Total Assets | $483.3M | $17.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.3M | — | ||
| Q3 25 | $69.5M | $3.6M | ||
| Q2 25 | $88.0M | $78.5K | ||
| Q1 25 | $98.2M | $179.1K | ||
| Q4 24 | $41.0M | $533.9K | ||
| Q3 24 | $81.1M | $2.1M | ||
| Q2 24 | $133.8M | $2.7M | ||
| Q1 24 | $179.4M | $5.2M |
| Q4 25 | $416.1M | — | ||
| Q3 25 | $280.1M | $4.1M | ||
| Q2 25 | $293.3M | $4.3M | ||
| Q1 25 | $307.0M | $6.8M | ||
| Q4 24 | $268.6M | $10.2M | ||
| Q3 24 | $250.1M | $9.7M | ||
| Q2 24 | $289.2M | $10.3M | ||
| Q1 24 | $331.5M | $12.4M |
| Q4 25 | $483.3M | — | ||
| Q3 25 | $386.2M | $17.5M | ||
| Q2 25 | $400.5M | $14.9M | ||
| Q1 25 | $414.4M | $16.0M | ||
| Q4 24 | $374.9M | $17.2M | ||
| Q3 24 | $375.4M | $10.6M | ||
| Q2 24 | $416.3M | $11.1M | ||
| Q1 24 | $461.2M | $13.6M |
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 | $-25.7M | $763.1K |
| Free Cash FlowOCF − Capex | $-25.7M | — |
| FCF MarginFCF / Revenue | -2872.8% | — |
| Capex IntensityCapex / Revenue | 4.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-90.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-25.7M | — | ||
| Q3 25 | $-27.7M | $763.1K | ||
| Q2 25 | $-20.0M | $-1.0M | ||
| Q1 25 | $-15.8M | $-1.2M | ||
| Q4 24 | $-30.7M | $-6.5M | ||
| Q3 24 | $-36.9M | $632.7K | ||
| Q2 24 | $-44.5M | $-2.4M | ||
| Q1 24 | $-50.0M | $-866.3K |
| Q4 25 | $-25.7M | — | ||
| Q3 25 | $-27.8M | — | ||
| Q2 25 | $-21.3M | — | ||
| Q1 25 | $-15.8M | — | ||
| Q4 24 | $-32.4M | — | ||
| Q3 24 | $-36.9M | $589.6K | ||
| Q2 24 | $-45.0M | $-2.4M | ||
| Q1 24 | $-50.6M | $-1.0M |
| Q4 25 | -2872.8% | — | ||
| Q3 25 | -5103.9% | — | ||
| Q2 25 | -1990.1% | — | ||
| Q1 25 | -2146.5% | — | ||
| Q4 24 | -2432.4% | — | ||
| Q3 24 | -5506.6% | 82.3% | ||
| Q2 24 | -8372.9% | -388.0% | ||
| Q1 24 | -14064.2% | -136.9% |
| Q4 25 | 4.1% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 117.6% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 127.3% | — | ||
| Q3 24 | 8.8% | 6.0% | ||
| Q2 24 | 93.7% | 5.1% | ||
| Q1 24 | 186.7% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.66× | -11.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
