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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and SUPERIOR GROUP OF COMPANIES, INC. (SGC). Click either name above to swap in a different company.

IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $146.6M, roughly 1.9× SUPERIOR GROUP OF COMPANIES, INC.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 2.4%, a 2.5% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 0.8%). SUPERIOR GROUP OF COMPANIES, INC. produced more free cash flow last quarter ($17.9M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 2.7%).

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.

Superior Coach was a coachbuilder in the American automotive industry. Founded in 1909 as the Garford Motor Truck Company, Superior is best known for constructing bodies for professional cars (hearses) and school buses. Following major downturns in both segments in the late 1970s, Superior was liquidated by its parent company in 1980. From 1925 to 1980, the company was based in Lima, Ohio.

IPGP vs SGC — Head-to-Head

Bigger by revenue
IPGP
IPGP
1.9× larger
IPGP
$274.5M
$146.6M
SGC
Growing faster (revenue YoY)
IPGP
IPGP
+16.3% gap
IPGP
17.1%
0.8%
SGC
Higher net margin
IPGP
IPGP
2.5% more per $
IPGP
4.8%
2.4%
SGC
More free cash flow
SGC
SGC
$7.0M more FCF
SGC
$17.9M
$10.9M
IPGP
Faster 2-yr revenue CAGR
IPGP
IPGP
Annualised
IPGP
4.4%
2.7%
SGC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IPGP
IPGP
SGC
SGC
Revenue
$274.5M
$146.6M
Net Profit
$13.3M
$3.5M
Gross Margin
36.1%
36.9%
Operating Margin
1.2%
2.8%
Net Margin
4.8%
2.4%
Revenue YoY
17.1%
0.8%
Net Profit YoY
69.8%
65.8%
EPS (diluted)
$0.30
$0.23

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
SGC
SGC
Q4 25
$274.5M
$146.6M
Q3 25
$250.8M
$138.5M
Q2 25
$250.7M
$144.0M
Q1 25
$227.8M
$137.1M
Q4 24
$234.3M
$145.4M
Q3 24
$233.1M
$149.7M
Q2 24
$257.6M
$131.7M
Q1 24
$252.0M
$138.8M
Net Profit
IPGP
IPGP
SGC
SGC
Q4 25
$13.3M
$3.5M
Q3 25
$7.5M
$2.7M
Q2 25
$6.6M
$1.6M
Q1 25
$3.8M
$-758.0K
Q4 24
$7.8M
$2.1M
Q3 24
$-233.6M
$5.4M
Q2 24
$20.2M
$600.0K
Q1 24
$24.1M
$3.9M
Gross Margin
IPGP
IPGP
SGC
SGC
Q4 25
36.1%
36.9%
Q3 25
39.5%
38.3%
Q2 25
37.3%
38.4%
Q1 25
39.4%
36.8%
Q4 24
38.6%
37.1%
Q3 24
23.2%
40.4%
Q2 24
37.3%
38.5%
Q1 24
38.7%
39.8%
Operating Margin
IPGP
IPGP
SGC
SGC
Q4 25
1.2%
2.8%
Q3 25
3.1%
2.3%
Q2 25
0.0%
1.3%
Q1 25
0.8%
-0.7%
Q4 24
6.0%
1.7%
Q3 24
-108.7%
4.4%
Q2 24
4.7%
0.5%
Q1 24
7.6%
3.3%
Net Margin
IPGP
IPGP
SGC
SGC
Q4 25
4.8%
2.4%
Q3 25
3.0%
2.0%
Q2 25
2.6%
1.1%
Q1 25
1.6%
-0.6%
Q4 24
3.3%
1.4%
Q3 24
-100.2%
3.6%
Q2 24
7.8%
0.5%
Q1 24
9.6%
2.8%
EPS (diluted)
IPGP
IPGP
SGC
SGC
Q4 25
$0.30
$0.23
Q3 25
$0.18
$0.18
Q2 25
$0.16
$0.10
Q1 25
$0.09
$-0.05
Q4 24
$0.27
$0.12
Q3 24
$-5.33
$0.33
Q2 24
$0.45
$0.04
Q1 24
$0.52
$0.24

Balance Sheet & Financial Strength

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

Metric
IPGP
IPGP
SGC
SGC
Cash + ST InvestmentsLiquidity on hand
$839.3M
$23.7M
Total DebtLower is stronger
$94.1M
Stockholders' EquityBook value
$2.1B
$192.8M
Total Assets
$2.4B
$421.8M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPGP
IPGP
SGC
SGC
Q4 25
$839.3M
$23.7M
Q3 25
$870.4M
$16.7M
Q2 25
$899.6M
$21.0M
Q1 25
$926.9M
$19.8M
Q4 24
$930.2M
$18.8M
Q3 24
$1.0B
$18.4M
Q2 24
$1.1B
$13.4M
Q1 24
$1.1B
$22.0M
Total Debt
IPGP
IPGP
SGC
SGC
Q4 25
$94.1M
Q3 25
$100.0M
Q2 25
$99.3M
Q1 25
$95.7M
Q4 24
$86.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IPGP
IPGP
SGC
SGC
Q4 25
$2.1B
$192.8M
Q3 25
$2.1B
$193.8M
Q2 25
$2.1B
$192.1M
Q1 25
$2.1B
$194.4M
Q4 24
$2.0B
$198.9M
Q3 24
$2.1B
$199.5M
Q2 24
$2.3B
$200.9M
Q1 24
$2.3B
$200.8M
Total Assets
IPGP
IPGP
SGC
SGC
Q4 25
$2.4B
$421.8M
Q3 25
$2.4B
$415.3M
Q2 25
$2.4B
$423.3M
Q1 25
$2.3B
$411.0M
Q4 24
$2.3B
$415.1M
Q3 24
$2.4B
$407.4M
Q2 24
$2.5B
$400.3M
Q1 24
$2.6B
$408.5M
Debt / Equity
IPGP
IPGP
SGC
SGC
Q4 25
0.49×
Q3 25
0.52×
Q2 25
0.52×
Q1 25
0.49×
Q4 24
0.43×
Q3 24
Q2 24
Q1 24

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
SGC
SGC
Operating Cash FlowLast quarter
$28.8M
$18.4M
Free Cash FlowOCF − Capex
$10.9M
$17.9M
FCF MarginFCF / Revenue
4.0%
12.2%
Capex IntensityCapex / Revenue
6.5%
0.4%
Cash ConversionOCF / Net Profit
2.17×
5.32×
TTM Free Cash FlowTrailing 4 quarters
$-3.5M
$15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPGP
IPGP
SGC
SGC
Q4 25
$28.8M
$18.4M
Q3 25
$35.3M
$-1.7M
Q2 25
$-2.2M
$4.9M
Q1 25
$13.4M
$-2.0M
Q4 24
$73.8M
$8.9M
Q3 24
$66.1M
$8.2M
Q2 24
$53.5M
$6.9M
Q1 24
$54.6M
$9.4M
Free Cash Flow
IPGP
IPGP
SGC
SGC
Q4 25
$10.9M
$17.9M
Q3 25
$14.6M
$-2.4M
Q2 25
$-17.6M
$3.3M
Q1 25
$-11.4M
$-3.1M
Q4 24
$50.6M
$7.4M
Q3 24
$43.0M
$7.3M
Q2 24
$29.2M
$5.6M
Q1 24
$26.5M
$8.8M
FCF Margin
IPGP
IPGP
SGC
SGC
Q4 25
4.0%
12.2%
Q3 25
5.8%
-1.7%
Q2 25
-7.0%
2.3%
Q1 25
-5.0%
-2.3%
Q4 24
21.6%
5.1%
Q3 24
18.4%
4.9%
Q2 24
11.3%
4.2%
Q1 24
10.5%
6.3%
Capex Intensity
IPGP
IPGP
SGC
SGC
Q4 25
6.5%
0.4%
Q3 25
8.3%
0.5%
Q2 25
6.1%
1.1%
Q1 25
10.9%
0.8%
Q4 24
9.9%
1.0%
Q3 24
9.9%
0.6%
Q2 24
9.4%
1.0%
Q1 24
11.1%
0.5%
Cash Conversion
IPGP
IPGP
SGC
SGC
Q4 25
2.17×
5.32×
Q3 25
4.73×
-0.61×
Q2 25
-0.34×
3.18×
Q1 25
3.58×
Q4 24
9.44×
4.28×
Q3 24
1.52×
Q2 24
2.65×
11.42×
Q1 24
2.27×
2.41×

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%

SGC
SGC

Branded Products$96.9M66%
Healthcare Apparel$28.8M20%
Contact Centers$21.7M15%

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