vs
Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $224.2M, roughly 1.2× STAG Industrial, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs 4.8%, a 22.8% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 9.1%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% 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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
IPGP vs STAG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $224.2M |
| Net Profit | $13.3M | $62.0M |
| Gross Margin | 36.1% | — |
| Operating Margin | 1.2% | — |
| Net Margin | 4.8% | 27.6% |
| Revenue YoY | 17.1% | 9.1% |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.30 | $0.32 |
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 | — | $224.2M | ||
| Q4 25 | $274.5M | $220.9M | ||
| Q3 25 | $250.8M | $211.1M | ||
| Q2 25 | $250.7M | $207.6M | ||
| Q1 25 | $227.8M | $205.6M | ||
| Q4 24 | $234.3M | $199.3M | ||
| Q3 24 | $233.1M | $190.7M | ||
| Q2 24 | $257.6M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $13.3M | $83.5M | ||
| Q3 25 | $7.5M | $48.6M | ||
| Q2 25 | $6.6M | $50.0M | ||
| Q1 25 | $3.8M | $91.4M | ||
| Q4 24 | $7.8M | $51.0M | ||
| Q3 24 | $-233.6M | $41.9M | ||
| Q2 24 | $20.2M | $59.8M |
| 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% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -108.7% | — | ||
| Q2 24 | 4.7% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | 4.8% | 37.8% | ||
| Q3 25 | 3.0% | 23.0% | ||
| Q2 25 | 2.6% | 24.1% | ||
| Q1 25 | 1.6% | 44.5% | ||
| Q4 24 | 3.3% | 25.6% | ||
| Q3 24 | -100.2% | 21.9% | ||
| Q2 24 | 7.8% | 31.5% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.30 | — | ||
| Q3 25 | $0.18 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $-5.33 | — | ||
| Q2 24 | $0.45 | — |
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 | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $3.6B |
| Total Assets | $2.4B | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $839.3M | $14.9M | ||
| Q3 25 | $870.4M | $17.3M | ||
| Q2 25 | $899.6M | $15.4M | ||
| Q1 25 | $926.9M | $9.3M | ||
| Q4 24 | $930.2M | $36.3M | ||
| Q3 24 | $1.0B | $70.0M | ||
| Q2 24 | $1.1B | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.0B | $3.5B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $2.3B | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $2.4B | $7.2B | ||
| Q3 25 | $2.4B | $6.9B | ||
| Q2 25 | $2.4B | $6.8B | ||
| Q1 25 | $2.3B | $6.8B | ||
| Q4 24 | $2.3B | $6.8B | ||
| Q3 24 | $2.4B | $6.6B | ||
| Q2 24 | $2.5B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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% | 3.9% |
| 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 | $104.5M | ||
| Q3 25 | $35.3M | $143.5M | ||
| Q2 25 | $-2.2M | $111.9M | ||
| Q1 25 | $13.4M | $103.5M | ||
| Q4 24 | $73.8M | $104.9M | ||
| Q3 24 | $66.1M | $128.0M | ||
| Q2 24 | $53.5M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | $43.8M | ||
| Q3 25 | $14.6M | $95.5M | ||
| Q2 25 | $-17.6M | $62.3M | ||
| Q1 25 | $-11.4M | $57.2M | ||
| Q4 24 | $50.6M | $37.6M | ||
| Q3 24 | $43.0M | $86.7M | ||
| Q2 24 | $29.2M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 19.8% | ||
| Q3 25 | 5.8% | 45.2% | ||
| Q2 25 | -7.0% | 30.0% | ||
| Q1 25 | -5.0% | 27.8% | ||
| Q4 24 | 21.6% | 18.8% | ||
| Q3 24 | 18.4% | 45.5% | ||
| Q2 24 | 11.3% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 6.5% | 27.4% | ||
| Q3 25 | 8.3% | 22.7% | ||
| Q2 25 | 6.1% | 23.9% | ||
| Q1 25 | 10.9% | 22.5% | ||
| Q4 24 | 9.9% | 33.8% | ||
| Q3 24 | 9.9% | 21.6% | ||
| Q2 24 | 9.4% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 1.25× | ||
| Q3 25 | 4.73× | 2.95× | ||
| Q2 25 | -0.34× | 2.24× | ||
| Q1 25 | 3.58× | 1.13× | ||
| Q4 24 | 9.44× | 2.06× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | 2.65× | 2.04× |
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% |
STAG
Segment breakdown not available.
