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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $274.5M, roughly 1.2× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -6.6%, a 11.5% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 17.1%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $10.9M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
IPGP vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $339.5M |
| Net Profit | $13.3M | $-22.6M |
| Gross Margin | 36.1% | 11.5% |
| Operating Margin | 1.2% | -2.6% |
| Net Margin | 4.8% | -6.6% |
| Revenue YoY | 17.1% | 48.3% |
| Net Profit YoY | 69.8% | 8.3% |
| EPS (diluted) | $0.30 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $250.8M | $354.8M | ||
| Q2 25 | $250.7M | $280.9M | ||
| Q1 25 | $227.8M | $213.8M | ||
| Q4 24 | $234.3M | $229.0M | ||
| Q3 24 | $233.1M | $220.9M | ||
| Q2 24 | $257.6M | $208.4M | ||
| Q1 24 | $252.0M | $192.5M |
| Q4 25 | $13.3M | $-22.6M | ||
| Q3 25 | $7.5M | $-19.1M | ||
| Q2 25 | $6.6M | $-21.6M | ||
| Q1 25 | $3.8M | $-27.2M | ||
| Q4 24 | $7.8M | $-24.6M | ||
| Q3 24 | $-233.6M | $-14.3M | ||
| Q2 24 | $20.2M | $-17.8M | ||
| Q1 24 | $24.1M | $-23.7M |
| Q4 25 | 36.1% | 11.5% | ||
| Q3 25 | 39.5% | 11.7% | ||
| Q2 25 | 37.3% | 14.7% | ||
| Q1 25 | 39.4% | 13.6% | ||
| Q4 24 | 38.6% | 16.6% | ||
| Q3 24 | 23.2% | 16.8% | ||
| Q2 24 | 37.3% | 19.9% | ||
| Q1 24 | 38.7% | 19.4% |
| Q4 25 | 1.2% | -2.6% | ||
| Q3 25 | 3.1% | -2.4% | ||
| Q2 25 | 0.0% | -5.3% | ||
| Q1 25 | 0.8% | -6.1% | ||
| Q4 24 | 6.0% | -4.3% | ||
| Q3 24 | -108.7% | -5.8% | ||
| Q2 24 | 4.7% | -7.9% | ||
| Q1 24 | 7.6% | -5.3% |
| Q4 25 | 4.8% | -6.6% | ||
| Q3 25 | 3.0% | -5.4% | ||
| Q2 25 | 2.6% | -7.7% | ||
| Q1 25 | 1.6% | -12.7% | ||
| Q4 24 | 3.3% | -10.7% | ||
| Q3 24 | -100.2% | -6.5% | ||
| Q2 24 | 7.8% | -8.5% | ||
| Q1 24 | 9.6% | -12.3% |
| Q4 25 | $0.30 | $-0.22 | ||
| Q3 25 | $0.18 | $-0.20 | ||
| Q2 25 | $0.16 | $-0.23 | ||
| Q1 25 | $0.09 | $-0.29 | ||
| Q4 24 | $0.27 | $-0.26 | ||
| Q3 24 | $-5.33 | $-0.16 | ||
| Q2 24 | $0.45 | $-0.20 | ||
| Q1 24 | $0.52 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | — | $444.1M |
| Stockholders' EquityBook value | $2.1B | $-1.9M |
| Total Assets | $2.4B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $49.9M | ||
| Q3 25 | $870.4M | $34.0M | ||
| Q2 25 | $899.6M | $44.0M | ||
| Q1 25 | $926.9M | $33.1M | ||
| Q4 24 | $930.2M | $26.2M | ||
| Q3 24 | $1.0B | $22.4M | ||
| Q2 24 | $1.1B | $24.3M | ||
| Q1 24 | $1.1B | $12.6M |
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $-1.9M | ||
| Q3 25 | $2.1B | $11.4M | ||
| Q2 25 | $2.1B | $18.2M | ||
| Q1 25 | $2.1B | $71.4M | ||
| Q4 24 | $2.0B | $97.5M | ||
| Q3 24 | $2.1B | $110.3M | ||
| Q2 24 | $2.3B | $81.5M | ||
| Q1 24 | $2.3B | $91.7M |
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.6B | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.8M | $36.7M |
| Free Cash FlowOCF − Capex | $10.9M | $27.8M |
| FCF MarginFCF / Revenue | 4.0% | 8.2% |
| Capex IntensityCapex / Revenue | 6.5% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $36.7M | ||
| Q3 25 | $35.3M | $-26.6M | ||
| Q2 25 | $-2.2M | $-7.0M | ||
| Q1 25 | $13.4M | $-22.1M | ||
| Q4 24 | $73.8M | $2.8M | ||
| Q3 24 | $66.1M | $-332.0K | ||
| Q2 24 | $53.5M | $-23.7M | ||
| Q1 24 | $54.6M | $8.0M |
| Q4 25 | $10.9M | $27.8M | ||
| Q3 25 | $14.6M | $-44.7M | ||
| Q2 25 | $-17.6M | $-27.5M | ||
| Q1 25 | $-11.4M | $-63.4M | ||
| Q4 24 | $50.6M | $-15.4M | ||
| Q3 24 | $43.0M | $-36.7M | ||
| Q2 24 | $29.2M | $-59.9M | ||
| Q1 24 | $26.5M | $-60.9M |
| Q4 25 | 4.0% | 8.2% | ||
| Q3 25 | 5.8% | -12.6% | ||
| Q2 25 | -7.0% | -9.8% | ||
| Q1 25 | -5.0% | -29.7% | ||
| Q4 24 | 21.6% | -6.7% | ||
| Q3 24 | 18.4% | -16.6% | ||
| Q2 24 | 11.3% | -28.7% | ||
| Q1 24 | 10.5% | -31.7% |
| Q4 25 | 6.5% | 2.6% | ||
| Q3 25 | 8.3% | 5.1% | ||
| Q2 25 | 6.1% | 7.3% | ||
| Q1 25 | 10.9% | 19.3% | ||
| Q4 24 | 9.9% | 7.9% | ||
| Q3 24 | 9.9% | 16.5% | ||
| Q2 24 | 9.4% | 17.4% | ||
| Q1 24 | 11.1% | 35.8% |
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | — | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | 3.58× | — | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.65× | — | ||
| Q1 24 | 2.27× | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
