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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and PROSPERITY BANCSHARES INC (PB). Click either name above to swap in a different company.
PROSPERITY BANCSHARES INC is the larger business by last-quarter revenue ($367.6M vs $274.5M, roughly 1.3× IPG PHOTONICS CORP). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs 4.8%, a 26.8% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% 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.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
IPGP vs PB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $367.6M |
| Net Profit | $13.3M | $116.3M |
| Gross Margin | 36.1% | — |
| Operating Margin | 1.2% | — |
| Net Margin | 4.8% | 31.6% |
| Revenue YoY | 17.1% | — |
| Net Profit YoY | 69.8% | -10.7% |
| EPS (diluted) | $0.30 | $1.16 |
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 | — | $367.6M | ||
| Q4 25 | $274.5M | $275.0M | ||
| Q3 25 | $250.8M | $273.4M | ||
| Q2 25 | $250.7M | $267.7M | ||
| Q1 25 | $227.8M | $265.4M | ||
| Q4 24 | $234.3M | $267.8M | ||
| Q3 24 | $233.1M | $261.7M | ||
| Q2 24 | $257.6M | $258.8M |
| Q1 26 | — | $116.3M | ||
| Q4 25 | $13.3M | $139.9M | ||
| Q3 25 | $7.5M | $137.6M | ||
| Q2 25 | $6.6M | $135.2M | ||
| Q1 25 | $3.8M | $130.2M | ||
| Q4 24 | $7.8M | $130.1M | ||
| Q3 24 | $-233.6M | $127.3M | ||
| Q2 24 | $20.2M | $111.6M |
| 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 | 1.2% | 65.1% | ||
| Q3 25 | 3.1% | 64.4% | ||
| Q2 25 | 0.0% | 64.3% | ||
| Q1 25 | 0.8% | 62.7% | ||
| Q4 24 | 6.0% | 62.0% | ||
| Q3 24 | -108.7% | 62.1% | ||
| Q2 24 | 4.7% | 55.2% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 4.8% | 50.9% | ||
| Q3 25 | 3.0% | 50.3% | ||
| Q2 25 | 2.6% | 50.5% | ||
| Q1 25 | 1.6% | 49.1% | ||
| Q4 24 | 3.3% | 48.6% | ||
| Q3 24 | -100.2% | 48.6% | ||
| Q2 24 | 7.8% | 43.1% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $0.30 | $1.48 | ||
| Q3 25 | $0.18 | $1.45 | ||
| Q2 25 | $0.16 | $1.42 | ||
| Q1 25 | $0.09 | $1.37 | ||
| Q4 24 | $0.27 | $1.36 | ||
| Q3 24 | $-5.33 | $1.34 | ||
| Q2 24 | $0.45 | $1.17 |
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 | — | — |
| Stockholders' EquityBook value | $2.1B | $8.2B |
| Total Assets | $2.4B | $43.6B |
| Debt / EquityLower = less leverage | — | — |
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 | — | $8.2B | ||
| Q4 25 | $2.1B | $7.6B | ||
| Q3 25 | $2.1B | $7.7B | ||
| Q2 25 | $2.1B | $7.6B | ||
| Q1 25 | $2.1B | $7.5B | ||
| Q4 24 | $2.0B | $7.4B | ||
| Q3 24 | $2.1B | $7.4B | ||
| Q2 24 | $2.3B | $7.3B |
| Q1 26 | — | $43.6B | ||
| Q4 25 | $2.4B | $38.5B | ||
| Q3 25 | $2.4B | $38.3B | ||
| Q2 25 | $2.4B | $38.4B | ||
| Q1 25 | $2.3B | $38.8B | ||
| Q4 24 | $2.3B | $39.6B | ||
| Q3 24 | $2.4B | $40.1B | ||
| Q2 24 | $2.5B | $39.8B |
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 | $28.8M | $78.3M | ||
| Q3 25 | $35.3M | $194.8M | ||
| Q2 25 | $-2.2M | $98.2M | ||
| Q1 25 | $13.4M | $178.2M | ||
| Q4 24 | $73.8M | $-205.8M | ||
| Q3 24 | $66.1M | $274.6M | ||
| Q2 24 | $53.5M | $216.5M |
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | $68.5M | ||
| Q3 25 | $14.6M | $185.7M | ||
| Q2 25 | $-17.6M | $91.8M | ||
| Q1 25 | $-11.4M | $171.1M | ||
| Q4 24 | $50.6M | $-210.7M | ||
| Q3 24 | $43.0M | $270.2M | ||
| Q2 24 | $29.2M | $211.8M |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 24.9% | ||
| Q3 25 | 5.8% | 67.9% | ||
| Q2 25 | -7.0% | 34.3% | ||
| Q1 25 | -5.0% | 64.5% | ||
| Q4 24 | 21.6% | -78.7% | ||
| Q3 24 | 18.4% | 103.3% | ||
| Q2 24 | 11.3% | 81.8% |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 3.6% | ||
| Q3 25 | 8.3% | 3.3% | ||
| Q2 25 | 6.1% | 2.4% | ||
| Q1 25 | 10.9% | 2.7% | ||
| Q4 24 | 9.9% | 1.8% | ||
| Q3 24 | 9.9% | 1.7% | ||
| Q2 24 | 9.4% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 0.56× | ||
| Q3 25 | 4.73× | 1.42× | ||
| Q2 25 | -0.34× | 0.73× | ||
| Q1 25 | 3.58× | 1.37× | ||
| Q4 24 | 9.44× | -1.58× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | 2.65× | 1.94× |
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% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
