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Side-by-side financial comparison of NLIGHT, INC. (LASR) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Proficient Auto Logistics, Inc is the larger business by last-quarter revenue ($91.5M vs $81.2M, roughly 1.1× NLIGHT, INC.). Proficient Auto Logistics, Inc runs the higher net margin — -1.5% vs -6.0%, a 4.6% gap on every dollar of revenue.

nLight Inc. is a global developer and manufacturer of high-performance semiconductor lasers, fiber lasers, and related optical components. Its products serve key segments including industrial precision manufacturing, aerospace and defense, medical equipment, and advanced research, with customers across North America, Europe, and Asia Pacific.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

LASR vs PAL — Head-to-Head

Bigger by revenue
PAL
PAL
1.1× larger
PAL
$91.5M
$81.2M
LASR
Higher net margin
PAL
PAL
4.6% more per $
PAL
-1.5%
-6.0%
LASR

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
LASR
LASR
PAL
PAL
Revenue
$81.2M
$91.5M
Net Profit
$-4.9M
$-1.4M
Gross Margin
30.7%
Operating Margin
-6.7%
-2.4%
Net Margin
-6.0%
-1.5%
Revenue YoY
71.3%
Net Profit YoY
80.3%
EPS (diluted)
$-0.10
$-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.

Revenue
LASR
LASR
PAL
PAL
Q4 25
$81.2M
Q3 25
$66.7M
Q2 25
$61.7M
Q1 25
$51.7M
Q4 24
$47.4M
Q3 24
$56.1M
$91.5M
Q2 24
$50.5M
Q1 24
$44.5M
Net Profit
LASR
LASR
PAL
PAL
Q4 25
$-4.9M
Q3 25
$-6.9M
Q2 25
$-3.6M
Q1 25
$-8.1M
Q4 24
$-25.0M
Q3 24
$-10.3M
$-1.4M
Q2 24
$-11.7M
Q1 24
$-13.8M
Gross Margin
LASR
LASR
PAL
PAL
Q4 25
30.7%
Q3 25
31.1%
Q2 25
29.9%
Q1 25
26.7%
Q4 24
2.4%
Q3 24
22.4%
Q2 24
23.5%
Q1 24
16.8%
Operating Margin
LASR
LASR
PAL
PAL
Q4 25
-6.7%
Q3 25
-10.9%
Q2 25
-6.9%
Q1 25
-18.6%
Q4 24
-55.8%
Q3 24
-21.0%
-2.4%
Q2 24
-25.1%
Q1 24
-33.1%
Net Margin
LASR
LASR
PAL
PAL
Q4 25
-6.0%
Q3 25
-10.3%
Q2 25
-5.8%
Q1 25
-15.7%
Q4 24
-52.7%
Q3 24
-18.4%
-1.5%
Q2 24
-23.2%
Q1 24
-30.9%
EPS (diluted)
LASR
LASR
PAL
PAL
Q4 25
$-0.10
Q3 25
$-0.14
Q2 25
$-0.07
Q1 25
$-0.16
Q4 24
$-0.52
Q3 24
$-0.21
$-0.05
Q2 24
$-0.25
Q1 24
$-0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LASR
LASR
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$98.7M
$16.8M
Total DebtLower is stronger
$64.0M
Stockholders' EquityBook value
$226.7M
$338.5M
Total Assets
$315.2M
$498.2M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASR
LASR
PAL
PAL
Q4 25
$98.7M
Q3 25
$81.1M
Q2 25
$78.8M
Q1 25
$82.2M
Q4 24
$65.8M
Q3 24
$41.5M
$16.8M
Q2 24
$49.4M
Q1 24
$61.3M
Total Debt
LASR
LASR
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$64.0M
Q2 24
Q1 24
Stockholders' Equity
LASR
LASR
PAL
PAL
Q4 25
$226.7M
Q3 25
$218.5M
Q2 25
$216.0M
Q1 25
$212.8M
Q4 24
$216.4M
Q3 24
$235.3M
$338.5M
Q2 24
$239.5M
Q1 24
$244.4M
Total Assets
LASR
LASR
PAL
PAL
Q4 25
$315.2M
Q3 25
$298.7M
Q2 25
$295.3M
Q1 25
$290.0M
Q4 24
$270.2M
Q3 24
$291.3M
$498.2M
Q2 24
$294.3M
Q1 24
$302.8M
Debt / Equity
LASR
LASR
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.19×
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
LASR
LASR
PAL
PAL
Operating Cash FlowLast quarter
$17.5M
Free Cash FlowOCF − Capex
$15.9M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASR
LASR
PAL
PAL
Q4 25
$17.5M
Q3 25
$5.2M
Q2 25
$-1.4M
Q1 25
$-20.0K
Q4 24
$-3.9M
Q3 24
$-5.6M
Q2 24
$-4.2M
Q1 24
$11.4M
Free Cash Flow
LASR
LASR
PAL
PAL
Q4 25
$15.9M
Q3 25
$2.4M
Q2 25
$-3.8M
Q1 25
$-2.3M
Q4 24
$-6.5M
Q3 24
$-7.2M
Q2 24
$-6.4M
Q1 24
$9.8M
FCF Margin
LASR
LASR
PAL
PAL
Q4 25
19.6%
Q3 25
3.7%
Q2 25
-6.1%
Q1 25
-4.5%
Q4 24
-13.7%
Q3 24
-12.9%
Q2 24
-12.6%
Q1 24
22.1%
Capex Intensity
LASR
LASR
PAL
PAL
Q4 25
2.0%
Q3 25
4.2%
Q2 25
3.9%
Q1 25
4.4%
Q4 24
5.5%
Q3 24
2.9%
Q2 24
4.2%
Q1 24
3.5%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LASR
LASR

Aerospaceand Defense$56.3M69%
Microfabrication$14.2M18%
Industrial$10.7M13%

PAL
PAL

Segment breakdown not available.

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