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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and Magnolia Oil & Gas Corp (MGY). Click either name above to swap in a different company.
Magnolia Oil & Gas Corp is the larger business by last-quarter revenue ($317.6M vs $274.5M, roughly 1.2× IPG PHOTONICS CORP). Magnolia Oil & Gas Corp runs the higher net margin — 21.6% vs 4.8%, a 16.8% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -2.7%). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -0.3%).
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.
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
IPGP vs MGY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $317.6M |
| Net Profit | $13.3M | $68.8M |
| Gross Margin | 36.1% | — |
| Operating Margin | 1.2% | 29.6% |
| Net Margin | 4.8% | 21.6% |
| Revenue YoY | 17.1% | -2.7% |
| Net Profit YoY | 69.8% | -19.7% |
| EPS (diluted) | $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 | $274.5M | $317.6M | ||
| Q3 25 | $250.8M | $324.9M | ||
| Q2 25 | $250.7M | $319.0M | ||
| Q1 25 | $227.8M | $350.3M | ||
| Q4 24 | $234.3M | $326.6M | ||
| Q3 24 | $233.1M | $333.1M | ||
| Q2 24 | $257.6M | $336.7M | ||
| Q1 24 | $252.0M | $319.4M |
| Q4 25 | $13.3M | $68.8M | ||
| Q3 25 | $7.5M | $75.5M | ||
| Q2 25 | $6.6M | $78.1M | ||
| Q1 25 | $3.8M | $102.9M | ||
| Q4 24 | $7.8M | $85.6M | ||
| Q3 24 | $-233.6M | $99.8M | ||
| Q2 24 | $20.2M | $95.6M | ||
| Q1 24 | $24.1M | $85.1M |
| 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 | 1.2% | 29.6% | ||
| Q3 25 | 3.1% | 31.2% | ||
| Q2 25 | 0.0% | 33.8% | ||
| Q1 25 | 0.8% | 38.8% | ||
| Q4 24 | 6.0% | 38.0% | ||
| Q3 24 | -108.7% | 38.7% | ||
| Q2 24 | 4.7% | 39.9% | ||
| Q1 24 | 7.6% | 39.0% |
| Q4 25 | 4.8% | 21.6% | ||
| Q3 25 | 3.0% | 23.2% | ||
| Q2 25 | 2.6% | 24.5% | ||
| Q1 25 | 1.6% | 29.4% | ||
| Q4 24 | 3.3% | 26.2% | ||
| Q3 24 | -100.2% | 30.0% | ||
| Q2 24 | 7.8% | 28.4% | ||
| Q1 24 | 9.6% | 26.6% |
| Q4 25 | $0.30 | — | ||
| Q3 25 | $0.18 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $-5.33 | — | ||
| Q2 24 | $0.45 | — | ||
| Q1 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 | $839.3M | $266.8M |
| Total DebtLower is stronger | — | $393.3M |
| Stockholders' EquityBook value | $2.1B | $2.0B |
| Total Assets | $2.4B | $2.9B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $266.8M | ||
| Q3 25 | $870.4M | $280.5M | ||
| Q2 25 | $899.6M | $251.8M | ||
| Q1 25 | $926.9M | $247.6M | ||
| Q4 24 | $930.2M | $260.0M | ||
| Q3 24 | $1.0B | $276.1M | ||
| Q2 24 | $1.1B | $275.7M | ||
| Q1 24 | $1.1B | $399.3M |
| Q4 25 | — | $393.3M | ||
| Q3 25 | — | $393.1M | ||
| Q2 25 | — | $392.9M | ||
| Q1 25 | — | $392.7M | ||
| Q4 24 | — | $392.5M | ||
| Q3 24 | — | $394.8M | ||
| Q2 24 | — | $394.1M | ||
| Q1 24 | — | $393.5M |
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.0B | $2.0B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $2.3B | $1.9B | ||
| Q1 24 | $2.3B | $1.9B |
| Q4 25 | $2.4B | $2.9B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.3B | $2.9B | ||
| Q4 24 | $2.3B | $2.8B | ||
| Q3 24 | $2.4B | $2.8B | ||
| Q2 24 | $2.5B | $2.8B | ||
| Q1 24 | $2.6B | $2.8B |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $208.4M |
| Free Cash FlowOCF − Capex | $10.9M | — |
| FCF MarginFCF / Revenue | 4.0% | — |
| Capex IntensityCapex / Revenue | 6.5% | — |
| Cash ConversionOCF / Net Profit | 2.17× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $208.4M | ||
| Q3 25 | $35.3M | $247.1M | ||
| Q2 25 | $-2.2M | $198.7M | ||
| Q1 25 | $13.4M | $224.5M | ||
| Q4 24 | $73.8M | $222.6M | ||
| Q3 24 | $66.1M | $217.9M | ||
| Q2 24 | $53.5M | $269.4M | ||
| Q1 24 | $54.6M | $210.9M |
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $-17.6M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $43.0M | — | ||
| Q2 24 | $29.2M | — | ||
| Q1 24 | $26.5M | — |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 10.5% | — |
| Q4 25 | 6.5% | — | ||
| Q3 25 | 8.3% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | 2.17× | 3.03× | ||
| Q3 25 | 4.73× | 3.27× | ||
| Q2 25 | -0.34× | 2.54× | ||
| Q1 25 | 3.58× | 2.18× | ||
| Q4 24 | 9.44× | 2.60× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 2.65× | 2.82× | ||
| Q1 24 | 2.27× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
MGY
| Oil And Condensate | $215.6M | 68% |
| Natural Gas Reserves | $52.9M | 17% |
| Natural Gas Liquids Reserves | $49.1M | 15% |
