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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and Enpro Inc. (NPO). Click either name above to swap in a different company.
Enpro Inc. is the larger business by last-quarter revenue ($295.4M vs $274.5M, roughly 1.1× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -10.8%, a 15.7% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 14.3%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs 4.4%).
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.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
IPGP vs NPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $295.4M |
| Net Profit | $13.3M | $-32.0M |
| Gross Margin | 36.1% | 42.1% |
| Operating Margin | 1.2% | 11.2% |
| Net Margin | 4.8% | -10.8% |
| Revenue YoY | 17.1% | 14.3% |
| Net Profit YoY | 69.8% | -330.2% |
| EPS (diluted) | $0.30 | $-1.50 |
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 | $295.4M | ||
| Q3 25 | $250.8M | $286.6M | ||
| Q2 25 | $250.7M | $288.1M | ||
| Q1 25 | $227.8M | $273.2M | ||
| Q4 24 | $234.3M | $258.4M | ||
| Q3 24 | $233.1M | $260.9M | ||
| Q2 24 | $257.6M | $271.9M | ||
| Q1 24 | $252.0M | $257.5M |
| Q4 25 | $13.3M | $-32.0M | ||
| Q3 25 | $7.5M | $21.6M | ||
| Q2 25 | $6.6M | $26.4M | ||
| Q1 25 | $3.8M | $24.5M | ||
| Q4 24 | $7.8M | $13.9M | ||
| Q3 24 | $-233.6M | $19.8M | ||
| Q2 24 | $20.2M | $26.7M | ||
| Q1 24 | $24.1M | $12.5M |
| Q4 25 | 36.1% | 42.1% | ||
| Q3 25 | 39.5% | 41.9% | ||
| Q2 25 | 37.3% | 43.3% | ||
| Q1 25 | 39.4% | 43.3% | ||
| Q4 24 | 38.6% | 42.3% | ||
| Q3 24 | 23.2% | 42.3% | ||
| Q2 24 | 37.3% | 43.8% | ||
| Q1 24 | 38.7% | 41.2% |
| Q4 25 | 1.2% | 11.2% | ||
| Q3 25 | 3.1% | 14.3% | ||
| Q2 25 | 0.0% | 15.9% | ||
| Q1 25 | 0.8% | 15.3% | ||
| Q4 24 | 6.0% | 12.5% | ||
| Q3 24 | -108.7% | 13.1% | ||
| Q2 24 | 4.7% | 17.7% | ||
| Q1 24 | 7.6% | 10.9% |
| Q4 25 | 4.8% | -10.8% | ||
| Q3 25 | 3.0% | 7.5% | ||
| Q2 25 | 2.6% | 9.2% | ||
| Q1 25 | 1.6% | 9.0% | ||
| Q4 24 | 3.3% | 5.4% | ||
| Q3 24 | -100.2% | 7.6% | ||
| Q2 24 | 7.8% | 9.8% | ||
| Q1 24 | 9.6% | 4.9% |
| Q4 25 | $0.30 | $-1.50 | ||
| Q3 25 | $0.18 | $1.01 | ||
| Q2 25 | $0.16 | $1.25 | ||
| Q1 25 | $0.09 | $1.15 | ||
| Q4 24 | $0.27 | $0.65 | ||
| Q3 24 | $-5.33 | $0.94 | ||
| Q2 24 | $0.45 | $1.27 | ||
| Q1 24 | $0.52 | $0.59 |
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 | $114.7M |
| Total DebtLower is stronger | — | $655.3M |
| Stockholders' EquityBook value | $2.1B | $1.5B |
| Total Assets | $2.4B | $2.7B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $114.7M | ||
| Q3 25 | $870.4M | $132.9M | ||
| Q2 25 | $899.6M | $107.1M | ||
| Q1 25 | $926.9M | $240.3M | ||
| Q4 24 | $930.2M | $236.3M | ||
| Q3 24 | $1.0B | $206.9M | ||
| Q2 24 | $1.1B | $175.9M | ||
| Q1 24 | $1.1B | $163.9M |
| Q4 25 | — | $655.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $640.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $644.9M |
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.1B | $1.5B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.3B | $1.4B |
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $2.4B | $2.4B | ||
| Q2 25 | $2.4B | $2.4B | ||
| Q1 25 | $2.3B | $2.5B | ||
| Q4 24 | $2.3B | $2.5B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | $2.5B | $2.5B | ||
| Q1 24 | $2.6B | $2.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.46× |
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% | 4.1% |
| Cash ConversionOCF / Net Profit | 2.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | — | ||
| Q3 25 | $35.3M | $65.3M | ||
| Q2 25 | $-2.2M | $52.2M | ||
| Q1 25 | $13.4M | $21.0M | ||
| Q4 24 | $73.8M | $59.4M | ||
| Q3 24 | $66.1M | $54.0M | ||
| Q2 24 | $53.5M | $43.2M | ||
| Q1 24 | $54.6M | $6.3M |
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | $53.4M | ||
| Q2 25 | $-17.6M | $42.3M | ||
| Q1 25 | $-11.4M | $13.0M | ||
| Q4 24 | $50.6M | $49.1M | ||
| Q3 24 | $43.0M | $48.3M | ||
| Q2 24 | $29.2M | $38.3M | ||
| Q1 24 | $26.5M | $-1.9M |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | 18.6% | ||
| Q2 25 | -7.0% | 14.7% | ||
| Q1 25 | -5.0% | 4.8% | ||
| Q4 24 | 21.6% | 19.0% | ||
| Q3 24 | 18.4% | 18.5% | ||
| Q2 24 | 11.3% | 14.1% | ||
| Q1 24 | 10.5% | -0.7% |
| Q4 25 | 6.5% | 4.1% | ||
| Q3 25 | 8.3% | 4.2% | ||
| Q2 25 | 6.1% | 3.4% | ||
| Q1 25 | 10.9% | 2.9% | ||
| Q4 24 | 9.9% | 4.0% | ||
| Q3 24 | 9.9% | 2.2% | ||
| Q2 24 | 9.4% | 1.8% | ||
| Q1 24 | 11.1% | 3.2% |
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | 3.02× | ||
| Q2 25 | -0.34× | 1.98× | ||
| Q1 25 | 3.58× | 0.86× | ||
| Q4 24 | 9.44× | 4.27× | ||
| Q3 24 | — | 2.73× | ||
| Q2 24 | 2.65× | 1.62× | ||
| Q1 24 | 2.27× | 0.50× |
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% |
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
