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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $151.1M, roughly 1.8× STURM RUGER & CO INC). On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $10.9M). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% 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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
IPGP vs RGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $151.1M |
| Net Profit | $13.3M | — |
| Gross Margin | 36.1% | 17.8% |
| Operating Margin | 1.2% | 2.3% |
| Net Margin | 4.8% | — |
| Revenue YoY | 17.1% | 3.6% |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.30 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $250.8M | $126.8M | ||
| Q2 25 | $250.7M | $132.5M | ||
| Q1 25 | $227.8M | $135.7M | ||
| Q4 24 | $234.3M | $145.8M | ||
| Q3 24 | $233.1M | $122.3M | ||
| Q2 24 | $257.6M | $130.8M | ||
| Q1 24 | $252.0M | $136.8M |
| Q4 25 | $13.3M | — | ||
| Q3 25 | $7.5M | $1.6M | ||
| Q2 25 | $6.6M | $-17.2M | ||
| Q1 25 | $3.8M | $7.8M | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-233.6M | $4.7M | ||
| Q2 24 | $20.2M | $8.3M | ||
| Q1 24 | $24.1M | $7.1M |
| Q4 25 | 36.1% | 17.8% | ||
| Q3 25 | 39.5% | 15.1% | ||
| Q2 25 | 37.3% | 3.9% | ||
| Q1 25 | 39.4% | 22.0% | ||
| Q4 24 | 38.6% | 22.8% | ||
| Q3 24 | 23.2% | 18.5% | ||
| Q2 24 | 37.3% | 22.3% | ||
| Q1 24 | 38.7% | 21.5% |
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 3.1% | -2.7% | ||
| Q2 25 | 0.0% | -15.6% | ||
| Q1 25 | 0.8% | 6.2% | ||
| Q4 24 | 6.0% | 7.8% | ||
| Q3 24 | -108.7% | 3.1% | ||
| Q2 24 | 4.7% | 6.9% | ||
| Q1 24 | 7.6% | 5.5% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 3.0% | 1.2% | ||
| Q2 25 | 2.6% | -13.0% | ||
| Q1 25 | 1.6% | 5.7% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | -100.2% | 3.9% | ||
| Q2 24 | 7.8% | 6.3% | ||
| Q1 24 | 9.6% | 5.2% |
| Q4 25 | $0.30 | $0.22 | ||
| Q3 25 | $0.18 | $0.10 | ||
| Q2 25 | $0.16 | $-1.05 | ||
| Q1 25 | $0.09 | $0.46 | ||
| Q4 24 | $0.27 | $0.62 | ||
| Q3 24 | $-5.33 | $0.28 | ||
| Q2 24 | $0.45 | $0.47 | ||
| Q1 24 | $0.52 | $0.40 |
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 | $92.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $283.8M |
| Total Assets | $2.4B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $92.5M | ||
| Q3 25 | $870.4M | $80.8M | ||
| Q2 25 | $899.6M | $101.4M | ||
| Q1 25 | $926.9M | $108.3M | ||
| Q4 24 | $930.2M | $105.5M | ||
| Q3 24 | $1.0B | $96.0M | ||
| Q2 24 | $1.1B | $105.6M | ||
| Q1 24 | $1.1B | $115.3M |
| Q4 25 | $2.1B | $283.8M | ||
| Q3 25 | $2.1B | $279.6M | ||
| Q2 25 | $2.1B | $289.3M | ||
| Q1 25 | $2.1B | $321.5M | ||
| Q4 24 | $2.0B | $319.6M | ||
| Q3 24 | $2.1B | $314.9M | ||
| Q2 24 | $2.3B | $321.5M | ||
| Q1 24 | $2.3B | $332.0M |
| Q4 25 | $2.4B | $342.0M | ||
| Q3 25 | $2.4B | $342.3M | ||
| Q2 25 | $2.4B | $349.5M | ||
| Q1 25 | $2.3B | $379.0M | ||
| Q4 24 | $2.3B | $384.0M | ||
| Q3 24 | $2.4B | $373.5M | ||
| Q2 24 | $2.5B | $376.7M | ||
| Q1 24 | $2.6B | $385.0M |
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 | $15.5M |
| Free Cash FlowOCF − Capex | $10.9M | $12.3M |
| FCF MarginFCF / Revenue | 4.0% | 8.2% |
| Capex IntensityCapex / Revenue | 6.5% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $15.5M | ||
| Q3 25 | $35.3M | $12.9M | ||
| Q2 25 | $-2.2M | $14.7M | ||
| Q1 25 | $13.4M | $11.1M | ||
| Q4 24 | $73.8M | $20.0M | ||
| Q3 24 | $66.1M | $9.4M | ||
| Q2 24 | $53.5M | $18.7M | ||
| Q1 24 | $54.6M | $7.3M |
| Q4 25 | $10.9M | $12.3M | ||
| Q3 25 | $14.6M | $7.0M | ||
| Q2 25 | $-17.6M | $9.1M | ||
| Q1 25 | $-11.4M | $10.0M | ||
| Q4 24 | $50.6M | $16.4M | ||
| Q3 24 | $43.0M | $2.6M | ||
| Q2 24 | $29.2M | $10.1M | ||
| Q1 24 | $26.5M | $5.6M |
| Q4 25 | 4.0% | 8.2% | ||
| Q3 25 | 5.8% | 5.5% | ||
| Q2 25 | -7.0% | 6.9% | ||
| Q1 25 | -5.0% | 7.4% | ||
| Q4 24 | 21.6% | 11.2% | ||
| Q3 24 | 18.4% | 2.1% | ||
| Q2 24 | 11.3% | 7.7% | ||
| Q1 24 | 10.5% | 4.1% |
| Q4 25 | 6.5% | 2.1% | ||
| Q3 25 | 8.3% | 4.6% | ||
| Q2 25 | 6.1% | 4.2% | ||
| Q1 25 | 10.9% | 0.8% | ||
| Q4 24 | 9.9% | 2.5% | ||
| Q3 24 | 9.9% | 5.5% | ||
| Q2 24 | 9.4% | 6.6% | ||
| Q1 24 | 11.1% | 1.3% |
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | 8.15× | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | 3.58× | 1.43× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | 2.65× | 2.27× | ||
| Q1 24 | 2.27× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
