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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and ServisFirst Bancshares, Inc. (SFBS). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $159.0M, roughly 1.7× ServisFirst Bancshares, Inc.). ServisFirst Bancshares, Inc. runs the higher net margin — 52.2% vs 4.8%, a 47.4% gap on every dollar of revenue. Over the past eight quarters, ServisFirst Bancshares, Inc.'s revenue compounded faster (17.7% 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.
ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.
IPGP vs SFBS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $159.0M |
| Net Profit | $13.3M | $83.0M |
| Gross Margin | 36.1% | — |
| Operating Margin | 1.2% | — |
| Net Margin | 4.8% | 52.2% |
| Revenue YoY | 17.1% | — |
| Net Profit YoY | 69.8% | 31.2% |
| EPS (diluted) | $0.30 | $1.52 |
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 | — | $159.0M | ||
| Q4 25 | $274.5M | $162.2M | ||
| Q3 25 | $250.8M | $136.3M | ||
| Q2 25 | $250.7M | $132.1M | ||
| Q1 25 | $227.8M | $131.8M | ||
| Q4 24 | $234.3M | $131.9M | ||
| Q3 24 | $233.1M | $123.7M | ||
| Q2 24 | $257.6M | $114.8M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $13.3M | $86.4M | ||
| Q3 25 | $7.5M | $65.6M | ||
| Q2 25 | $6.6M | $61.4M | ||
| Q1 25 | $3.8M | $63.2M | ||
| Q4 24 | $7.8M | $65.2M | ||
| Q3 24 | $-233.6M | $59.9M | ||
| Q2 24 | $20.2M | $52.1M |
| 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% | 66.3% | ||
| Q3 25 | 3.1% | 57.8% | ||
| Q2 25 | 0.0% | 58.0% | ||
| Q1 25 | 0.8% | 60.0% | ||
| Q4 24 | 6.0% | 60.2% | ||
| Q3 24 | -108.7% | 58.5% | ||
| Q2 24 | 4.7% | 58.0% |
| Q1 26 | — | 52.2% | ||
| Q4 25 | 4.8% | 59.0% | ||
| Q3 25 | 3.0% | 48.1% | ||
| Q2 25 | 2.6% | 46.5% | ||
| Q1 25 | 1.6% | 48.0% | ||
| Q4 24 | 3.3% | 52.9% | ||
| Q3 24 | -100.2% | 48.4% | ||
| Q2 24 | 7.8% | 45.4% |
| Q1 26 | — | $1.52 | ||
| Q4 25 | $0.30 | $1.58 | ||
| Q3 25 | $0.18 | $1.20 | ||
| Q2 25 | $0.16 | $1.12 | ||
| Q1 25 | $0.09 | $1.16 | ||
| Q4 24 | $0.27 | $1.19 | ||
| Q3 24 | $-5.33 | $1.10 | ||
| Q2 24 | $0.45 | $0.95 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $1.9B |
| Total Assets | $2.4B | $18.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| 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 | — | $1.9B | ||
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B |
| Q1 26 | — | $18.2B | ||
| Q4 25 | $2.4B | $17.7B | ||
| Q3 25 | $2.4B | $17.6B | ||
| Q2 25 | $2.4B | $17.4B | ||
| Q1 25 | $2.3B | $18.6B | ||
| Q4 24 | $2.3B | $17.4B | ||
| Q3 24 | $2.4B | $16.4B | ||
| Q2 24 | $2.5B | $16.0B |
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 | $355.2M | ||
| Q3 25 | $35.3M | $140.9M | ||
| Q2 25 | $-2.2M | $67.6M | ||
| Q1 25 | $13.4M | $48.0M | ||
| Q4 24 | $73.8M | $252.9M | ||
| Q3 24 | $66.1M | $84.0M | ||
| Q2 24 | $53.5M | $48.3M |
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $-17.6M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $43.0M | — | ||
| Q2 24 | $29.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 11.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | — | ||
| Q3 25 | 8.3% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 9.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 4.11× | ||
| Q3 25 | 4.73× | 2.15× | ||
| Q2 25 | -0.34× | 1.10× | ||
| Q1 25 | 3.58× | 0.76× | ||
| Q4 24 | 9.44× | 3.88× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | 2.65× | 0.93× |
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% |
SFBS
| Net Interest Income | $148.1M | 93% |
| Noninterest Income | $10.8M | 7% |
