vs
Side-by-side financial comparison of Laser Photonics Corp (LASE) and SES AI Corp (SES). Click either name above to swap in a different company.
SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $919.3K, roughly 5.0× Laser Photonics Corp). SES AI Corp runs the higher net margin — -373.5% vs -506.4%, a 133.0% gap on every dollar of revenue.
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.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
LASE vs SES — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.3K | $4.6M |
| Net Profit | $-4.7M | $-17.0M |
| Gross Margin | -20.1% | 11.3% |
| Operating Margin | -350.0% | -387.7% |
| Net Margin | -506.4% | -373.5% |
| Revenue YoY | 28.3% | — |
| Net Profit YoY | -186.5% | 50.7% |
| EPS (diluted) | $-0.27 | $-0.05 |
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 | — | $4.6M | ||
| Q3 25 | $919.3K | $7.1M | ||
| Q2 25 | $2.6M | $3.5M | ||
| Q1 25 | $2.3M | $5.8M | ||
| Q4 24 | $1.3M | — | ||
| Q3 24 | $716.7K | — | ||
| Q2 24 | $623.4K | — | ||
| Q1 24 | $743.0K | — |
| Q4 25 | — | $-17.0M | ||
| Q3 25 | $-4.7M | $-20.9M | ||
| Q2 25 | $-1.8M | $-22.7M | ||
| Q1 25 | $-1.7M | $-12.4M | ||
| Q4 24 | $586.4K | — | ||
| Q3 24 | $-1.6M | — | ||
| Q2 24 | $-934.3K | — | ||
| Q1 24 | $-545.7K | — |
| Q4 25 | — | 11.3% | ||
| Q3 25 | -20.1% | 51.1% | ||
| Q2 25 | 53.5% | 73.7% | ||
| Q1 25 | 49.8% | 78.7% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 85.0% | — | ||
| Q2 24 | 50.6% | — | ||
| Q1 24 | 51.9% | — |
| Q4 25 | — | -387.7% | ||
| Q3 25 | -350.0% | -262.0% | ||
| Q2 25 | -37.0% | -652.3% | ||
| Q1 25 | -68.7% | -401.7% | ||
| Q4 24 | -255.1% | — | ||
| Q3 24 | -238.0% | — | ||
| Q2 24 | -149.4% | — | ||
| Q1 24 | -73.8% | — |
| Q4 25 | — | -373.5% | ||
| Q3 25 | -506.4% | -293.9% | ||
| Q2 25 | -68.3% | -642.2% | ||
| Q1 25 | -73.4% | -214.6% | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | -226.8% | — | ||
| Q2 24 | -149.9% | — | ||
| Q1 24 | -73.4% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-0.27 | $-0.06 | ||
| Q2 25 | $-0.12 | $-0.07 | ||
| Q1 25 | $-0.12 | $-0.04 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.09 | — | ||
| Q1 24 | $-0.06 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6M | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.1M | $214.8M |
| Total Assets | $17.5M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.5M | ||
| Q3 25 | $3.6M | $35.3M | ||
| Q2 25 | $78.5K | $11.8M | ||
| Q1 25 | $179.1K | $56.1M | ||
| Q4 24 | $533.9K | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $2.7M | — | ||
| Q1 24 | $5.2M | — |
| Q4 25 | — | $214.8M | ||
| Q3 25 | $4.1M | $228.2M | ||
| Q2 25 | $4.3M | $249.2M | ||
| Q1 25 | $6.8M | $269.9M | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | $9.7M | — | ||
| Q2 24 | $10.3M | — | ||
| Q1 24 | $12.4M | — |
| Q4 25 | — | $272.6M | ||
| Q3 25 | $17.5M | $288.8M | ||
| Q2 25 | $14.9M | $290.5M | ||
| Q1 25 | $16.0M | $306.0M | ||
| Q4 24 | $17.2M | — | ||
| Q3 24 | $10.6M | — | ||
| Q2 24 | $11.1M | — | ||
| Q1 24 | $13.6M | — |
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 | $763.1K | $-10.4M |
| Free Cash FlowOCF − Capex | — | $-11.1M |
| FCF MarginFCF / Revenue | — | -243.7% |
| Capex IntensityCapex / Revenue | — | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-10.4M | ||
| Q3 25 | $763.1K | $-14.3M | ||
| Q2 25 | $-1.0M | $-10.8M | ||
| Q1 25 | $-1.2M | $-22.8M | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $632.7K | — | ||
| Q2 24 | $-2.4M | — | ||
| Q1 24 | $-866.3K | — |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | — | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | — | $-23.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $589.6K | — | ||
| Q2 24 | $-2.4M | — | ||
| Q1 24 | $-1.0M | — |
| Q4 25 | — | -243.7% | ||
| Q3 25 | — | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | — | -410.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 82.3% | — | ||
| Q2 24 | -388.0% | — | ||
| Q1 24 | -136.9% | — |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 20.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -11.11× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
