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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $274.5M, roughly 1.2× IPG PHOTONICS CORP). Revolve Group, Inc. runs the higher net margin — 5.7% vs 4.8%, a 0.9% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 10.4%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% 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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
IPGP vs RVLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $324.4M |
| Net Profit | $13.3M | $18.6M |
| Gross Margin | 36.1% | 53.3% |
| Operating Margin | 1.2% | 6.3% |
| Net Margin | 4.8% | 5.7% |
| Revenue YoY | 17.1% | 10.4% |
| Net Profit YoY | 69.8% | 50.4% |
| EPS (diluted) | $0.30 | $0.27 |
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 | $324.4M | ||
| Q3 25 | $250.8M | $295.6M | ||
| Q2 25 | $250.7M | $309.0M | ||
| Q1 25 | $227.8M | $296.7M | ||
| Q4 24 | $234.3M | $293.7M | ||
| Q3 24 | $233.1M | $283.1M | ||
| Q2 24 | $257.6M | $282.5M | ||
| Q1 24 | $252.0M | $270.6M |
| Q4 25 | $13.3M | $18.6M | ||
| Q3 25 | $7.5M | $21.2M | ||
| Q2 25 | $6.6M | $10.2M | ||
| Q1 25 | $3.8M | $11.8M | ||
| Q4 24 | $7.8M | $12.3M | ||
| Q3 24 | $-233.6M | $11.0M | ||
| Q2 24 | $20.2M | $15.4M | ||
| Q1 24 | $24.1M | $10.9M |
| Q4 25 | 36.1% | 53.3% | ||
| Q3 25 | 39.5% | 54.6% | ||
| Q2 25 | 37.3% | 54.1% | ||
| Q1 25 | 39.4% | 52.0% | ||
| Q4 24 | 38.6% | 52.5% | ||
| Q3 24 | 23.2% | 51.2% | ||
| Q2 24 | 37.3% | 54.0% | ||
| Q1 24 | 38.7% | 52.3% |
| Q4 25 | 1.2% | 6.3% | ||
| Q3 25 | 3.1% | 7.1% | ||
| Q2 25 | 0.0% | 5.8% | ||
| Q1 25 | 0.8% | 5.0% | ||
| Q4 24 | 6.0% | 3.9% | ||
| Q3 24 | -108.7% | 5.0% | ||
| Q2 24 | 4.7% | 5.8% | ||
| Q1 24 | 7.6% | 3.4% |
| Q4 25 | 4.8% | 5.7% | ||
| Q3 25 | 3.0% | 7.2% | ||
| Q2 25 | 2.6% | 3.3% | ||
| Q1 25 | 1.6% | 4.0% | ||
| Q4 24 | 3.3% | 4.2% | ||
| Q3 24 | -100.2% | 3.9% | ||
| Q2 24 | 7.8% | 5.4% | ||
| Q1 24 | 9.6% | 4.0% |
| Q4 25 | $0.30 | $0.27 | ||
| Q3 25 | $0.18 | $0.29 | ||
| Q2 25 | $0.16 | $0.14 | ||
| Q1 25 | $0.09 | $0.16 | ||
| Q4 24 | $0.27 | $0.18 | ||
| Q3 24 | $-5.33 | $0.15 | ||
| Q2 24 | $0.45 | $0.21 | ||
| Q1 24 | $0.52 | $0.15 |
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 | $292.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $512.5M |
| Total Assets | $2.4B | $765.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $292.3M | ||
| Q3 25 | $870.4M | $315.4M | ||
| Q2 25 | $899.6M | $310.7M | ||
| Q1 25 | $926.9M | $300.8M | ||
| Q4 24 | $930.2M | $256.6M | ||
| Q3 24 | $1.0B | $252.8M | ||
| Q2 24 | $1.1B | $244.7M | ||
| Q1 24 | $1.1B | $273.4M |
| Q4 25 | $2.1B | $512.5M | ||
| Q3 25 | $2.1B | $490.2M | ||
| Q2 25 | $2.1B | $468.6M | ||
| Q1 25 | $2.1B | $453.4M | ||
| Q4 24 | $2.0B | $437.8M | ||
| Q3 24 | $2.1B | $420.8M | ||
| Q2 24 | $2.3B | $405.8M | ||
| Q1 24 | $2.3B | $389.9M |
| Q4 25 | $2.4B | $765.0M | ||
| Q3 25 | $2.4B | $751.3M | ||
| Q2 25 | $2.4B | $722.9M | ||
| Q1 25 | $2.3B | $713.9M | ||
| Q4 24 | $2.3B | $665.5M | ||
| Q3 24 | $2.4B | $670.9M | ||
| Q2 24 | $2.5B | $657.8M | ||
| Q1 24 | $2.6B | $650.0M |
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 | $-10.2M |
| Free Cash FlowOCF − Capex | $10.9M | $-13.3M |
| FCF MarginFCF / Revenue | 4.0% | -4.1% |
| Capex IntensityCapex / Revenue | 6.5% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.17× | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $-10.2M | ||
| Q3 25 | $35.3M | $11.8M | ||
| Q2 25 | $-2.2M | $12.6M | ||
| Q1 25 | $13.4M | $45.1M | ||
| Q4 24 | $73.8M | $3.9M | ||
| Q3 24 | $66.1M | $9.1M | ||
| Q2 24 | $53.5M | $-24.7M | ||
| Q1 24 | $54.6M | $38.4M |
| Q4 25 | $10.9M | $-13.3M | ||
| Q3 25 | $14.6M | $7.5M | ||
| Q2 25 | $-17.6M | $10.4M | ||
| Q1 25 | $-11.4M | $43.4M | ||
| Q4 24 | $50.6M | $2.1M | ||
| Q3 24 | $43.0M | $8.0M | ||
| Q2 24 | $29.2M | $-25.7M | ||
| Q1 24 | $26.5M | $36.7M |
| Q4 25 | 4.0% | -4.1% | ||
| Q3 25 | 5.8% | 2.5% | ||
| Q2 25 | -7.0% | 3.4% | ||
| Q1 25 | -5.0% | 14.6% | ||
| Q4 24 | 21.6% | 0.7% | ||
| Q3 24 | 18.4% | 2.8% | ||
| Q2 24 | 11.3% | -9.1% | ||
| Q1 24 | 10.5% | 13.5% |
| Q4 25 | 6.5% | 1.0% | ||
| Q3 25 | 8.3% | 1.5% | ||
| Q2 25 | 6.1% | 0.7% | ||
| Q1 25 | 10.9% | 0.6% | ||
| Q4 24 | 9.9% | 0.6% | ||
| Q3 24 | 9.9% | 0.4% | ||
| Q2 24 | 9.4% | 0.4% | ||
| Q1 24 | 11.1% | 0.6% |
| Q4 25 | 2.17× | -0.55× | ||
| Q3 25 | 4.73× | 0.56× | ||
| Q2 25 | -0.34× | 1.24× | ||
| Q1 25 | 3.58× | 3.82× | ||
| Q4 24 | 9.44× | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | 2.65× | -1.60× | ||
| Q1 24 | 2.27× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
