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Side-by-side financial comparison of IPG PHOTONICS CORP (IPGP) and Xenia Hotels & Resorts, Inc. (XHR). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $265.6M, roughly 1.0× Xenia Hotels & Resorts, Inc.). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs 2.3%, 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 1.4%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $5.5M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs -0.4%).
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.
Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.
IPGP vs XHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $265.6M |
| Net Profit | $13.3M | $6.1M |
| Gross Margin | 36.1% | 30.4% |
| Operating Margin | 1.2% | 10.1% |
| Net Margin | 4.8% | 2.3% |
| Revenue YoY | 17.1% | 1.4% |
| Net Profit YoY | 69.8% | 1053.6% |
| EPS (diluted) | $0.30 | $0.07 |
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 | $265.6M | ||
| Q3 25 | $250.8M | $236.4M | ||
| Q2 25 | $250.7M | $287.6M | ||
| Q1 25 | $227.8M | $288.9M | ||
| Q4 24 | $234.3M | $261.8M | ||
| Q3 24 | $233.1M | $236.8M | ||
| Q2 24 | $257.6M | $272.9M | ||
| Q1 24 | $252.0M | $267.5M |
| Q4 25 | $13.3M | $6.1M | ||
| Q3 25 | $7.5M | $-13.7M | ||
| Q2 25 | $6.6M | $55.2M | ||
| Q1 25 | $3.8M | $15.6M | ||
| Q4 24 | $7.8M | $-638.0K | ||
| Q3 24 | $-233.6M | $-7.1M | ||
| Q2 24 | $20.2M | $15.3M | ||
| Q1 24 | $24.1M | $8.5M |
| Q4 25 | 36.1% | 30.4% | ||
| Q3 25 | 39.5% | 25.1% | ||
| Q2 25 | 37.3% | 33.6% | ||
| Q1 25 | 39.4% | 32.3% | ||
| Q4 24 | 38.6% | 29.0% | ||
| Q3 24 | 23.2% | 25.8% | ||
| Q2 24 | 37.3% | 31.9% | ||
| Q1 24 | 38.7% | 31.6% |
| Q4 25 | 1.2% | 10.1% | ||
| Q3 25 | 3.1% | 2.0% | ||
| Q2 25 | 0.0% | 14.0% | ||
| Q1 25 | 0.8% | 12.4% | ||
| Q4 24 | 6.0% | 8.2% | ||
| Q3 24 | -108.7% | 3.2% | ||
| Q2 24 | 4.7% | 11.1% | ||
| Q1 24 | 7.6% | 10.3% |
| Q4 25 | 4.8% | 2.3% | ||
| Q3 25 | 3.0% | -5.8% | ||
| Q2 25 | 2.6% | 19.2% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | 3.3% | -0.2% | ||
| Q3 24 | -100.2% | -3.0% | ||
| Q2 24 | 7.8% | 5.6% | ||
| Q1 24 | 9.6% | 3.2% |
| Q4 25 | $0.30 | $0.07 | ||
| Q3 25 | $0.18 | $-0.14 | ||
| Q2 25 | $0.16 | $0.56 | ||
| Q1 25 | $0.09 | $0.15 | ||
| Q4 24 | $0.27 | $-0.01 | ||
| Q3 24 | $-5.33 | $-0.07 | ||
| Q2 24 | $0.45 | $0.15 | ||
| Q1 24 | $0.52 | $0.08 |
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 | $140.4M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $2.1B | $1.1B |
| Total Assets | $2.4B | $2.8B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $839.3M | $140.4M | ||
| Q3 25 | $870.4M | $188.2M | ||
| Q2 25 | $899.6M | $172.6M | ||
| Q1 25 | $926.9M | $112.6M | ||
| Q4 24 | $930.2M | $78.2M | ||
| Q3 24 | $1.0B | $161.5M | ||
| Q2 24 | $1.1B | $143.6M | ||
| Q1 24 | $1.1B | $140.1M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.3B | $1.3B |
| Q4 25 | $2.4B | $2.8B | ||
| Q3 25 | $2.4B | $2.9B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.3B | $2.9B | ||
| Q4 24 | $2.3B | $2.8B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.5B | $2.9B | ||
| Q1 24 | $2.6B | $2.9B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.18× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.11× | ||
| Q2 24 | — | 1.09× | ||
| Q1 24 | — | 1.09× |
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 | $21.4M |
| Free Cash FlowOCF − Capex | $10.9M | $5.5M |
| FCF MarginFCF / Revenue | 4.0% | 2.1% |
| Capex IntensityCapex / Revenue | 6.5% | 6.0% |
| Cash ConversionOCF / Net Profit | 2.17× | 3.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.5M | $89.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.8M | $21.4M | ||
| Q3 25 | $35.3M | $64.0M | ||
| Q2 25 | $-2.2M | $36.3M | ||
| Q1 25 | $13.4M | $54.8M | ||
| Q4 24 | $73.8M | $30.6M | ||
| Q3 24 | $66.1M | $51.2M | ||
| Q2 24 | $53.5M | $57.2M | ||
| Q1 24 | $54.6M | $24.7M |
| Q4 25 | $10.9M | $5.5M | ||
| Q3 25 | $14.6M | $44.2M | ||
| Q2 25 | $-17.6M | $17.8M | ||
| Q1 25 | $-11.4M | $22.4M | ||
| Q4 24 | $50.6M | $6.2M | ||
| Q3 24 | $43.0M | $4.3M | ||
| Q2 24 | $29.2M | $21.4M | ||
| Q1 24 | $26.5M | $-8.7M |
| Q4 25 | 4.0% | 2.1% | ||
| Q3 25 | 5.8% | 18.7% | ||
| Q2 25 | -7.0% | 6.2% | ||
| Q1 25 | -5.0% | 7.8% | ||
| Q4 24 | 21.6% | 2.4% | ||
| Q3 24 | 18.4% | 1.8% | ||
| Q2 24 | 11.3% | 7.8% | ||
| Q1 24 | 10.5% | -3.3% |
| Q4 25 | 6.5% | 6.0% | ||
| Q3 25 | 8.3% | 8.4% | ||
| Q2 25 | 6.1% | 6.4% | ||
| Q1 25 | 10.9% | 11.2% | ||
| Q4 24 | 9.9% | 9.3% | ||
| Q3 24 | 9.9% | 19.8% | ||
| Q2 24 | 9.4% | 13.1% | ||
| Q1 24 | 11.1% | 12.5% |
| Q4 25 | 2.17× | 3.52× | ||
| Q3 25 | 4.73× | — | ||
| Q2 25 | -0.34× | 0.66× | ||
| Q1 25 | 3.58× | 3.51× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.65× | 3.73× | ||
| Q1 24 | 2.27× | 2.90× |
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% |
XHR
| Other Geographic Areas | $79.1M | 30% |
| Orlando Florida | $35.5M | 13% |
| Phoenix Arizona | $32.4M | 12% |
| Houston Texas | $29.0M | 11% |
| San Diego California | $25.5M | 10% |
| Atlanta Georgia | $16.2M | 6% |
| San Francisco San Mateo California | $14.8M | 6% |
| Nashville TN | $11.7M | 4% |
| San Jose Santa Cruz CA | $10.5M | 4% |
| Hotel Other Direct | $6.6M | 2% |
