vs
Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $205.4M, roughly 1.3× SunOpta Inc.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 0.4%, a 4.4% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 16.6%). SunOpta Inc. produced more free cash flow last quarter ($12.1M vs $10.9M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
IPGP vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $205.4M |
| Net Profit | $13.3M | $816.0K |
| Gross Margin | 36.1% | 12.4% |
| Operating Margin | 1.2% | 3.3% |
| Net Margin | 4.8% | 0.4% |
| Revenue YoY | 17.1% | 16.6% |
| Net Profit YoY | 69.8% | 113.1% |
| EPS (diluted) | $0.30 | $0.01 |
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 | — | ||
| Q3 25 | $250.8M | $205.4M | ||
| Q2 25 | $250.7M | $191.5M | ||
| Q1 25 | $227.8M | $201.6M | ||
| Q4 24 | $234.3M | $193.9M | ||
| Q3 24 | $233.1M | $175.9M | ||
| Q2 24 | $257.6M | $169.5M | ||
| Q1 24 | $252.0M | $184.4M |
| Q4 25 | $13.3M | — | ||
| Q3 25 | $7.5M | $816.0K | ||
| Q2 25 | $6.6M | $4.4M | ||
| Q1 25 | $3.8M | $4.8M | ||
| Q4 24 | $7.8M | $-8.7M | ||
| Q3 24 | $-233.6M | $-6.2M | ||
| Q2 24 | $20.2M | $-5.3M | ||
| Q1 24 | $24.1M | $2.9M |
| Q4 25 | 36.1% | — | ||
| Q3 25 | 39.5% | 12.4% | ||
| Q2 25 | 37.3% | 14.8% | ||
| Q1 25 | 39.4% | 15.0% | ||
| Q4 24 | 38.6% | 10.9% | ||
| Q3 24 | 23.2% | 13.0% | ||
| Q2 24 | 37.3% | 12.5% | ||
| Q1 24 | 38.7% | 16.8% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 3.1% | 3.3% | ||
| Q2 25 | 0.0% | 5.5% | ||
| Q1 25 | 0.8% | 5.2% | ||
| Q4 24 | 6.0% | 1.4% | ||
| Q3 24 | -108.7% | 0.5% | ||
| Q2 24 | 4.7% | 1.2% | ||
| Q1 24 | 7.6% | 5.5% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 3.0% | 0.4% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | 1.6% | 2.4% | ||
| Q4 24 | 3.3% | -4.5% | ||
| Q3 24 | -100.2% | -3.5% | ||
| Q2 24 | 7.8% | -3.1% | ||
| Q1 24 | 9.6% | 1.6% |
| Q4 25 | $0.30 | — | ||
| Q3 25 | $0.18 | $0.01 | ||
| Q2 25 | $0.16 | $0.03 | ||
| Q1 25 | $0.09 | $0.04 | ||
| Q4 24 | $0.27 | $-0.08 | ||
| Q3 24 | $-5.33 | $-0.05 | ||
| Q2 24 | $0.45 | $-0.04 | ||
| Q1 24 | $0.52 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $2.1B | $162.8M |
| Total Assets | $2.4B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | — | ||
| Q3 25 | $870.4M | $2.2M | ||
| Q2 25 | $899.6M | $2.2M | ||
| Q1 25 | $926.9M | $2.3M | ||
| Q4 24 | $930.2M | $1.6M | ||
| Q3 24 | $1.0B | $2.9M | ||
| Q2 24 | $1.1B | $3.2M | ||
| Q1 24 | $1.1B | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $162.8M | ||
| Q2 25 | $2.1B | $159.8M | ||
| Q1 25 | $2.1B | $154.8M | ||
| Q4 24 | $2.0B | $148.6M | ||
| Q3 24 | $2.1B | $155.0M | ||
| Q2 24 | $2.3B | $158.8M | ||
| Q1 24 | $2.3B | $163.6M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $694.1M | ||
| Q2 25 | $2.4B | $704.9M | ||
| Q1 25 | $2.3B | $690.7M | ||
| Q4 24 | $2.3B | $668.5M | ||
| Q3 24 | $2.4B | $699.3M | ||
| Q2 24 | $2.5B | $704.7M | ||
| Q1 24 | $2.6B | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $10.9M | $12.1M |
| FCF MarginFCF / Revenue | 4.0% | 5.9% |
| Capex IntensityCapex / Revenue | 6.5% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.17× | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | — | ||
| Q3 25 | $35.3M | $16.3M | ||
| Q2 25 | $-2.2M | $-4.5M | ||
| Q1 25 | $13.4M | $22.3M | ||
| Q4 24 | $73.8M | $33.1M | ||
| Q3 24 | $66.1M | $17.2M | ||
| Q2 24 | $53.5M | $-5.6M | ||
| Q1 24 | $54.6M | $5.3M |
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | $12.1M | ||
| Q2 25 | $-17.6M | $-9.2M | ||
| Q1 25 | $-11.4M | $9.5M | ||
| Q4 24 | $50.6M | $24.0M | ||
| Q3 24 | $43.0M | $11.7M | ||
| Q2 24 | $29.2M | $-15.3M | ||
| Q1 24 | $26.5M | $-2.3M |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | 5.9% | ||
| Q2 25 | -7.0% | -4.8% | ||
| Q1 25 | -5.0% | 4.7% | ||
| Q4 24 | 21.6% | 12.4% | ||
| Q3 24 | 18.4% | 6.6% | ||
| Q2 24 | 11.3% | -9.0% | ||
| Q1 24 | 10.5% | -1.2% |
| Q4 25 | 6.5% | — | ||
| Q3 25 | 8.3% | 2.1% | ||
| Q2 25 | 6.1% | 2.5% | ||
| Q1 25 | 10.9% | 6.3% | ||
| Q4 24 | 9.9% | 4.7% | ||
| Q3 24 | 9.9% | 3.2% | ||
| Q2 24 | 9.4% | 5.7% | ||
| Q1 24 | 11.1% | 4.1% |
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | 20.03× | ||
| Q2 25 | -0.34× | -1.03× | ||
| Q1 25 | 3.58× | 4.63× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.65× | — | ||
| Q1 24 | 2.27× | 1.83× |
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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
