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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

SHOE CARNIVAL INC is the larger business by last-quarter revenue ($297.2M vs $274.5M, roughly 1.1× IPG PHOTONICS CORP). SHOE CARNIVAL INC runs the higher net margin — 4.9% vs 4.8%, a 0.1% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -3.2%). SHOE CARNIVAL INC produced more free cash flow last quarter ($19.7M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 3.0%).

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.

Shoe Carnival Inc. is an American retailer of family footwear. The company operates 429 stores throughout the midwest, south, and southeast regions, and Puerto Rico. It was founded by David Russell in 1978 and is headquartered in Fort Mill, South Carolina as of 2025.

IPGP vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.1× larger
SCVL
$297.2M
$274.5M
IPGP
Growing faster (revenue YoY)
IPGP
IPGP
+20.3% gap
IPGP
17.1%
-3.2%
SCVL
Higher net margin
SCVL
SCVL
0.1% more per $
SCVL
4.9%
4.8%
IPGP
More free cash flow
SCVL
SCVL
$8.8M more FCF
SCVL
$19.7M
$10.9M
IPGP
Faster 2-yr revenue CAGR
IPGP
IPGP
Annualised
IPGP
4.4%
3.0%
SCVL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IPGP
IPGP
SCVL
SCVL
Revenue
$274.5M
$297.2M
Net Profit
$13.3M
$14.6M
Gross Margin
36.1%
37.6%
Operating Margin
1.2%
6.3%
Net Margin
4.8%
4.9%
Revenue YoY
17.1%
-3.2%
Net Profit YoY
69.8%
-23.9%
EPS (diluted)
$0.30
$0.53

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.

Revenue
IPGP
IPGP
SCVL
SCVL
Q4 25
$274.5M
$297.2M
Q3 25
$250.8M
$306.4M
Q2 25
$250.7M
$277.7M
Q1 25
$227.8M
$262.9M
Q4 24
$234.3M
$306.9M
Q3 24
$233.1M
$332.7M
Q2 24
$257.6M
$300.4M
Q1 24
$252.0M
$280.2M
Net Profit
IPGP
IPGP
SCVL
SCVL
Q4 25
$13.3M
$14.6M
Q3 25
$7.5M
$19.2M
Q2 25
$6.6M
$9.3M
Q1 25
$3.8M
$14.7M
Q4 24
$7.8M
$19.2M
Q3 24
$-233.6M
$22.6M
Q2 24
$20.2M
$17.3M
Q1 24
$24.1M
$15.5M
Gross Margin
IPGP
IPGP
SCVL
SCVL
Q4 25
36.1%
37.6%
Q3 25
39.5%
38.8%
Q2 25
37.3%
34.5%
Q1 25
39.4%
34.9%
Q4 24
38.6%
36.0%
Q3 24
23.2%
36.1%
Q2 24
37.3%
35.6%
Q1 24
38.7%
35.6%
Operating Margin
IPGP
IPGP
SCVL
SCVL
Q4 25
1.2%
6.3%
Q3 25
3.1%
8.2%
Q2 25
0.0%
4.3%
Q1 25
0.8%
5.3%
Q4 24
6.0%
8.0%
Q3 24
-108.7%
9.0%
Q2 24
4.7%
7.5%
Q1 24
7.6%
7.1%
Net Margin
IPGP
IPGP
SCVL
SCVL
Q4 25
4.8%
4.9%
Q3 25
3.0%
6.3%
Q2 25
2.6%
3.4%
Q1 25
1.6%
5.6%
Q4 24
3.3%
6.3%
Q3 24
-100.2%
6.8%
Q2 24
7.8%
5.8%
Q1 24
9.6%
5.5%
EPS (diluted)
IPGP
IPGP
SCVL
SCVL
Q4 25
$0.30
$0.53
Q3 25
$0.18
$0.70
Q2 25
$0.16
$0.34
Q1 25
$0.09
$0.53
Q4 24
$0.27
$0.70
Q3 24
$-5.33
$0.82
Q2 24
$0.45
$0.63
Q1 24
$0.52
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IPGP
IPGP
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$839.3M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$683.2M
Total Assets
$2.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPGP
IPGP
SCVL
SCVL
Q4 25
$839.3M
$107.7M
Q3 25
$870.4M
$91.9M
Q2 25
$899.6M
$93.0M
Q1 25
$926.9M
$123.1M
Q4 24
$930.2M
$91.1M
Q3 24
$1.0B
$84.5M
Q2 24
$1.1B
$69.5M
Q1 24
$1.1B
$111.2M
Stockholders' Equity
IPGP
IPGP
SCVL
SCVL
Q4 25
$2.1B
$683.2M
Q3 25
$2.1B
$670.7M
Q2 25
$2.1B
$653.6M
Q1 25
$2.1B
$649.0M
Q4 24
$2.0B
$635.7M
Q3 24
$2.1B
$618.5M
Q2 24
$2.3B
$597.8M
Q1 24
$2.3B
$583.4M
Total Assets
IPGP
IPGP
SCVL
SCVL
Q4 25
$2.4B
$1.2B
Q3 25
$2.4B
$1.2B
Q2 25
$2.4B
$1.1B
Q1 25
$2.3B
$1.1B
Q4 24
$2.3B
$1.1B
Q3 24
$2.4B
$1.1B
Q2 24
$2.5B
$1.1B
Q1 24
$2.6B
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IPGP
IPGP
SCVL
SCVL
Operating Cash FlowLast quarter
$28.8M
$33.6M
Free Cash FlowOCF − Capex
$10.9M
$19.7M
FCF MarginFCF / Revenue
4.0%
6.6%
Capex IntensityCapex / Revenue
6.5%
4.7%
Cash ConversionOCF / Net Profit
2.17×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$-3.5M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPGP
IPGP
SCVL
SCVL
Q4 25
$28.8M
$33.6M
Q3 25
$35.3M
$13.3M
Q2 25
$-2.2M
$-9.6M
Q1 25
$13.4M
$44.5M
Q4 24
$73.8M
$17.3M
Q3 24
$66.1M
$23.7M
Q2 24
$53.5M
$17.1M
Q1 24
$54.6M
$53.4M
Free Cash Flow
IPGP
IPGP
SCVL
SCVL
Q4 25
$10.9M
$19.7M
Q3 25
$14.6M
$2.2M
Q2 25
$-17.6M
$-23.0M
Q1 25
$-11.4M
$36.2M
Q4 24
$50.6M
$8.3M
Q3 24
$43.0M
$18.2M
Q2 24
$29.2M
$6.9M
Q1 24
$26.5M
$40.7M
FCF Margin
IPGP
IPGP
SCVL
SCVL
Q4 25
4.0%
6.6%
Q3 25
5.8%
0.7%
Q2 25
-7.0%
-8.3%
Q1 25
-5.0%
13.8%
Q4 24
21.6%
2.7%
Q3 24
18.4%
5.5%
Q2 24
11.3%
2.3%
Q1 24
10.5%
14.5%
Capex Intensity
IPGP
IPGP
SCVL
SCVL
Q4 25
6.5%
4.7%
Q3 25
8.3%
3.6%
Q2 25
6.1%
4.8%
Q1 25
10.9%
3.2%
Q4 24
9.9%
3.0%
Q3 24
9.9%
1.7%
Q2 24
9.4%
3.4%
Q1 24
11.1%
4.5%
Cash Conversion
IPGP
IPGP
SCVL
SCVL
Q4 25
2.17×
2.30×
Q3 25
4.73×
0.69×
Q2 25
-0.34×
-1.03×
Q1 25
3.58×
3.04×
Q4 24
9.44×
0.90×
Q3 24
1.05×
Q2 24
2.65×
0.99×
Q1 24
2.27×
3.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IPGP
IPGP

Materials Processing$232.8M85%
Laser And Non Laser Systems$38.8M14%
Transferred Over Time$5.3M2%

SCVL
SCVL

Segment breakdown not available.

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