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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and QUINSTREET, INC (QNST). Click either name above to swap in a different company.
QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $274.5M, roughly 1.0× IPG PHOTONICS CORP). QUINSTREET, INC runs the higher net margin — 17.4% vs 4.8%, a 12.6% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 1.9%). QUINSTREET, INC produced more free cash flow last quarter ($20.7M vs $10.9M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% 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.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
IPGP vs QNST — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $287.8M |
| Net Profit | $13.3M | $50.2M |
| Gross Margin | 36.1% | 9.6% |
| Operating Margin | 1.2% | 0.4% |
| Net Margin | 4.8% | 17.4% |
| Revenue YoY | 17.1% | 1.9% |
| Net Profit YoY | 69.8% | 3342.5% |
| EPS (diluted) | $0.30 | $0.87 |
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 | $287.8M | ||
| Q3 25 | $250.8M | $285.9M | ||
| Q2 25 | $250.7M | — | ||
| Q1 25 | $227.8M | $269.8M | ||
| Q4 24 | $234.3M | $282.6M | ||
| Q3 24 | $233.1M | $279.2M | ||
| Q2 24 | $257.6M | $198.3M | ||
| Q1 24 | $252.0M | $168.6M |
| Q4 25 | $13.3M | $50.2M | ||
| Q3 25 | $7.5M | $4.5M | ||
| Q2 25 | $6.6M | — | ||
| Q1 25 | $3.8M | $4.4M | ||
| Q4 24 | $7.8M | $-1.5M | ||
| Q3 24 | $-233.6M | $-1.4M | ||
| Q2 24 | $20.2M | $-2.2M | ||
| Q1 24 | $24.1M | $-7.0M |
| Q4 25 | 36.1% | 9.6% | ||
| Q3 25 | 39.5% | 9.4% | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 39.4% | 10.3% | ||
| Q4 24 | 38.6% | 9.5% | ||
| Q3 24 | 23.2% | 10.2% | ||
| Q2 24 | 37.3% | 8.8% | ||
| Q1 24 | 38.7% | 8.5% |
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 3.1% | 1.7% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.8% | 1.8% | ||
| Q4 24 | 6.0% | -0.5% | ||
| Q3 24 | -108.7% | -0.4% | ||
| Q2 24 | 4.7% | -0.7% | ||
| Q1 24 | 7.6% | -3.2% |
| Q4 25 | 4.8% | 17.4% | ||
| Q3 25 | 3.0% | 1.6% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 1.6% | 1.6% | ||
| Q4 24 | 3.3% | -0.5% | ||
| Q3 24 | -100.2% | -0.5% | ||
| Q2 24 | 7.8% | -1.1% | ||
| Q1 24 | 9.6% | -4.2% |
| Q4 25 | $0.30 | $0.87 | ||
| Q3 25 | $0.18 | $0.08 | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.09 | $0.08 | ||
| Q4 24 | $0.27 | $-0.03 | ||
| Q3 24 | $-5.33 | $-0.02 | ||
| Q2 24 | $0.45 | $-0.04 | ||
| Q1 24 | $0.52 | $-0.13 |
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 | $107.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $294.4M |
| Total Assets | $2.4B | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $107.0M | ||
| Q3 25 | $870.4M | $101.3M | ||
| Q2 25 | $899.6M | — | ||
| Q1 25 | $926.9M | $81.8M | ||
| Q4 24 | $930.2M | $57.8M | ||
| Q3 24 | $1.0B | $25.0M | ||
| Q2 24 | $1.1B | $50.5M | ||
| Q1 24 | $1.1B | $39.6M |
| Q4 25 | $2.1B | $294.4M | ||
| Q3 25 | $2.1B | $246.7M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | $235.5M | ||
| Q4 24 | $2.0B | $224.3M | ||
| Q3 24 | $2.1B | $219.8M | ||
| Q2 24 | $2.3B | $216.8M | ||
| Q1 24 | $2.3B | $215.0M |
| Q4 25 | $2.4B | $493.0M | ||
| Q3 25 | $2.4B | $442.6M | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | $417.2M | ||
| Q4 24 | $2.3B | $409.6M | ||
| Q3 24 | $2.4B | $401.2M | ||
| Q2 24 | $2.5B | $368.5M | ||
| Q1 24 | $2.6B | $349.3M |
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 | $21.6M |
| Free Cash FlowOCF − Capex | $10.9M | $20.7M |
| FCF MarginFCF / Revenue | 4.0% | 7.2% |
| Capex IntensityCapex / Revenue | 6.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.17× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $21.6M | ||
| Q3 25 | $35.3M | $19.6M | ||
| Q2 25 | $-2.2M | — | ||
| Q1 25 | $13.4M | $30.1M | ||
| Q4 24 | $73.8M | $38.7M | ||
| Q3 24 | $66.1M | $-13.7M | ||
| Q2 24 | $53.5M | $16.6M | ||
| Q1 24 | $54.6M | $4.1M |
| Q4 25 | $10.9M | $20.7M | ||
| Q3 25 | $14.6M | $18.4M | ||
| Q2 25 | $-17.6M | — | ||
| Q1 25 | $-11.4M | $29.5M | ||
| Q4 24 | $50.6M | $38.2M | ||
| Q3 24 | $43.0M | $-14.1M | ||
| Q2 24 | $29.2M | $15.4M | ||
| Q1 24 | $26.5M | $2.9M |
| Q4 25 | 4.0% | 7.2% | ||
| Q3 25 | 5.8% | 6.4% | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | -5.0% | 10.9% | ||
| Q4 24 | 21.6% | 13.5% | ||
| Q3 24 | 18.4% | -5.1% | ||
| Q2 24 | 11.3% | 7.8% | ||
| Q1 24 | 10.5% | 1.7% |
| Q4 25 | 6.5% | 0.3% | ||
| Q3 25 | 8.3% | 0.4% | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 10.9% | 0.2% | ||
| Q4 24 | 9.9% | 0.2% | ||
| Q3 24 | 9.9% | 0.2% | ||
| Q2 24 | 9.4% | 0.6% | ||
| Q1 24 | 11.1% | 0.7% |
| Q4 25 | 2.17× | 0.43× | ||
| Q3 25 | 4.73× | 4.32× | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | 3.58× | 6.82× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.65× | — | ||
| Q1 24 | 2.27× | — |
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% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
