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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $274.5M, roughly 1.1× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -1.5%, a 6.3% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -11.3%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $9.7M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -3.2%).
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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
IPGP vs TNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $291.6M |
| Net Profit | $13.3M | $-4.4M |
| Gross Margin | 36.1% | 34.6% |
| Operating Margin | 1.2% | -1.4% |
| Net Margin | 4.8% | -1.5% |
| Revenue YoY | 17.1% | -11.3% |
| Net Profit YoY | 69.8% | -166.7% |
| EPS (diluted) | $0.30 | $-0.21 |
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 | $291.6M | ||
| Q3 25 | $250.8M | $303.3M | ||
| Q2 25 | $250.7M | $318.6M | ||
| Q1 25 | $227.8M | $290.0M | ||
| Q4 24 | $234.3M | $328.9M | ||
| Q3 24 | $233.1M | $315.8M | ||
| Q2 24 | $257.6M | $331.0M | ||
| Q1 24 | $252.0M | $311.0M |
| Q4 25 | $13.3M | $-4.4M | ||
| Q3 25 | $7.5M | $14.9M | ||
| Q2 25 | $6.6M | $20.2M | ||
| Q1 25 | $3.8M | $13.1M | ||
| Q4 24 | $7.8M | $6.6M | ||
| Q3 24 | $-233.6M | $20.8M | ||
| Q2 24 | $20.2M | $27.9M | ||
| Q1 24 | $24.1M | $28.4M |
| Q4 25 | 36.1% | 34.6% | ||
| Q3 25 | 39.5% | 42.7% | ||
| Q2 25 | 37.3% | 42.1% | ||
| Q1 25 | 39.4% | 41.4% | ||
| Q4 24 | 38.6% | 41.3% | ||
| Q3 24 | 23.2% | 42.4% | ||
| Q2 24 | 37.3% | 43.1% | ||
| Q1 24 | 38.7% | 44.2% |
| Q4 25 | 1.2% | -1.4% | ||
| Q3 25 | 3.1% | 7.4% | ||
| Q2 25 | 0.0% | 9.6% | ||
| Q1 25 | 0.8% | 6.8% | ||
| Q4 24 | 6.0% | 2.3% | ||
| Q3 24 | -108.7% | 9.7% | ||
| Q2 24 | 4.7% | 11.7% | ||
| Q1 24 | 7.6% | 12.1% |
| Q4 25 | 4.8% | -1.5% | ||
| Q3 25 | 3.0% | 4.9% | ||
| Q2 25 | 2.6% | 6.3% | ||
| Q1 25 | 1.6% | 4.5% | ||
| Q4 24 | 3.3% | 2.0% | ||
| Q3 24 | -100.2% | 6.6% | ||
| Q2 24 | 7.8% | 8.4% | ||
| Q1 24 | 9.6% | 9.1% |
| Q4 25 | $0.30 | $-0.21 | ||
| Q3 25 | $0.18 | $0.80 | ||
| Q2 25 | $0.16 | $1.08 | ||
| Q1 25 | $0.09 | $0.69 | ||
| Q4 24 | $0.27 | $0.35 | ||
| Q3 24 | $-5.33 | $1.09 | ||
| Q2 24 | $0.45 | $1.45 | ||
| Q1 24 | $0.52 | $1.49 |
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 | — |
| Total DebtLower is stronger | — | $273.2M |
| Stockholders' EquityBook value | $2.1B | $601.6M |
| Total Assets | $2.4B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $1.1B | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | — | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M | ||
| Q1 24 | — | $207.4M |
| Q4 25 | $2.1B | $601.6M | ||
| Q3 25 | $2.1B | $640.9M | ||
| Q2 25 | $2.1B | $651.9M | ||
| Q1 25 | $2.1B | $624.4M | ||
| Q4 24 | $2.0B | $620.8M | ||
| Q3 24 | $2.1B | $647.2M | ||
| Q2 24 | $2.3B | $624.6M | ||
| Q1 24 | $2.3B | $614.6M |
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $10.9M | $9.7M |
| FCF MarginFCF / Revenue | 4.0% | 3.3% |
| Capex IntensityCapex / Revenue | 6.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $14.2M | ||
| Q3 25 | $35.3M | $28.7M | ||
| Q2 25 | $-2.2M | $22.5M | ||
| Q1 25 | $13.4M | $-400.0K | ||
| Q4 24 | $73.8M | $37.5M | ||
| Q3 24 | $66.1M | $30.7M | ||
| Q2 24 | $53.5M | $18.6M | ||
| Q1 24 | $54.6M | $2.9M |
| Q4 25 | $10.9M | $9.7M | ||
| Q3 25 | $14.6M | $22.3M | ||
| Q2 25 | $-17.6M | $18.7M | ||
| Q1 25 | $-11.4M | $-7.4M | ||
| Q4 24 | $50.6M | $28.1M | ||
| Q3 24 | $43.0M | $26.4M | ||
| Q2 24 | $29.2M | $14.4M | ||
| Q1 24 | $26.5M | $-100.0K |
| Q4 25 | 4.0% | 3.3% | ||
| Q3 25 | 5.8% | 7.4% | ||
| Q2 25 | -7.0% | 5.9% | ||
| Q1 25 | -5.0% | -2.6% | ||
| Q4 24 | 21.6% | 8.5% | ||
| Q3 24 | 18.4% | 8.4% | ||
| Q2 24 | 11.3% | 4.4% | ||
| Q1 24 | 10.5% | -0.0% |
| Q4 25 | 6.5% | 1.5% | ||
| Q3 25 | 8.3% | 2.1% | ||
| Q2 25 | 6.1% | 1.2% | ||
| Q1 25 | 10.9% | 2.4% | ||
| Q4 24 | 9.9% | 2.9% | ||
| Q3 24 | 9.9% | 1.4% | ||
| Q2 24 | 9.4% | 1.3% | ||
| Q1 24 | 11.1% | 1.0% |
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | 1.93× | ||
| Q2 25 | -0.34× | 1.11× | ||
| Q1 25 | 3.58× | -0.03× | ||
| Q4 24 | 9.44× | 5.68× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 2.65× | 0.67× | ||
| Q1 24 | 2.27× | 0.10× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
