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IPG Photonics Corporation(IPGP)Earnings, Financials & Key Ratios
IPGP•NASDAQ
161.7× P/E·Price updated Jun 19, 2026
AboutIPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks; and ytterbium and thulium specialty fiber amplifiers and broadband light sources. In addition, the company offers integrated laser systems; 2D compact flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems; and optical transceiver and transponder modules for interconnecting electronic equipment, including Ethernet switches, IP routers and DWDM/SONET/SDH optical transport modules within telecommunications, cable multi-system operators, and data center networking applications. It's lasers and amplifiers are also used in materials processing, communications, and medical and advanced applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.Show more
- Revenue$1B+2.7%
- EBITDA$80M+154.5%
- Net Income$31M+117.1%
- EPS (Diluted)0.73+117.8%
- Gross Margin38%+9.8%
- EBITDA Margin7.97%+153.0%
- Operating Margin1.31%+106.1%
- Net Margin3.1%+116.7%
- ROE1.5%+118.3%
IPGP Key Insights
IPG Photonics Corporation (IPGP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 3.8% through buybacks
✗Weaknesses
- ✗Weak 3Y average ROE of 0.8%
- ✗Profits declining 27.9% over 5 years
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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IPGP Price & Volume
IPG Photonics Corporation (IPGP) stock price & volume — 10-year historical chart
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IPGP Growth Metrics
IPG Photonics Corporation (IPGP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.08%
5 Years-3.52%
3 Years-11.12%
TTM9.29%
Profit CAGR
10 Years-18.56%
5 Years-27.9%
3 Years-34.35%
TTM114.33%
EPS CAGR
10 Years-16.69%
5 Years-24.47%
3 Years-30.34%
TTM114.96%
Return on Capital
10 Years11.46%
5 Years4.08%
3 Years0.29%
Last Year0.61%
IPGP Recent Earnings
IPG Photonics Corporation (IPGP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.29-9.4%
$0.32
Rev
$265M+3.3%
$257M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.46+84.0%
$0.25
Rev
$274M+10.0%
$250M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.35+118.8%
$0.16
Rev
$251M+0.6%
$249M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.30+200.0%
$0.10
Rev
$251M+4.8%
$239M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.29vs $0.32-9.4% | $265Mvs $257M+3.3% |
| Q1 2026 | Feb 12, 2026 | $0.46vs $0.25+84.0% | $274Mvs $250M+10.0% |
| Q4 2025 | Nov 4, 2025 | $0.35vs $0.16+118.8% | $251Mvs $249M+0.6% |
| Q3 2025 | Aug 5, 2025 | $0.30vs $0.10+200.0% | $251Mvs $239M+4.8% |
Based on last 12 quarters of dataView full earnings history →
IPGP Peer Comparison
IPG Photonics Corporation (IPGP) competitors in Optical, Photonics and Display Components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LITE | 60.69B | 850.00 | 2297.30 | 21.03% | 17.68% | 30.68% | 2.30 | |
 NPKI | 1.34B | 15.90 | 37.86 | 27.38% | 12.36% | 10.34% | 0.10 | |
 MKSI | 27.36B | 406.37 | 92.99 | 9.62% | 8.03% | 12.24% | 1.73 | |
 NOVT | 5.53B | 155.30 | 105.65 | 3.3% | 5.35% | 5.08% | 0.26 | |
 VIAV | 10.91B | 47.17 | 314.47 | 8.39% | -4.03% | -6.92% | 0.89 | |
 AMAT | 489.96B | 617.11 | 71.26 | 4.39% | 29.31% | 39.78% | 0.35 | |
 COHR | 61.78B | 389.57 | -749.17 | 23.42% | 10.59% | 6.94% | 0.46 | |
 GSIT | 261.59M | 7.58 | -18.05 | -5.73% | -43.15% | -22.69% | 0.34 |
Compare IPGP vs Peers
IPG Photonics Corporation (IPGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IPGP Income Statement
IPG Photonics Corporation (IPGP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.41B | 1.46B | 1.31B | 1.2B | 1.46B | 1.43B | 1.29B | 977.13M | 1B | 1.04B |
Revenue Growth % | 40.02% | 3.62% | -9.95% | -8.66% | 21.66% | -2.14% | -9.94% | -24.1% | 2.73% | 9.29% |
Cost of Goods Sold | 611.98M | 659.61M | 708.37M | 661.73M | 764.46M | 874.13M | 745.74M | 638.98M | 622.31M | 650.33M |
COGS % of Revenue | 43.44% | 45.18% | 53.89% | 55.11% | 52.33% | 61.15% | 57.92% | 65.39% | 62% | - |
Gross Profit | 796.91M▲ 0% | 800.27M▲ 0.4% | 606.21M▼ 24.2% | 539M▼ 11.1% | 696.4M▲ 29.2% | 555.41M▼ 20.2% | 541.7M▼ 2.5% | 338.15M▼ 37.6% | 381.46M▲ 12.8% | 391.15M▲ 0% |
Gross Margin % | 56.56% | 54.82% | 46.11% | 44.89% | 47.67% | 38.85% | 42.08% | 34.61% | 38% | 37.56% |
Gross Profit Growth % | 44.31% | 0.42% | -24.25% | -11.09% | 29.2% | -20.24% | -2.47% | -37.57% | 12.81% | - |
Operating Expenses | 245.8M | 276.86M | 372.42M | 340.34M | 328.51M | 385.91M | 309.73M | 546.41M | 368.36M | 387.61M |
OpEx % of Revenue | 17.45% | 18.96% | 28.33% | 28.34% | 22.49% | 27% | 24.06% | 55.92% | 36.7% | - |
Selling, General & Admin | 130.47M | 160.24M | 185.34M | 180.59M | 204.06M | 207.9M | 211.43M | 213.9M | 241M | 244.39M |
SG&A % of Revenue | 9.26% | 10.98% | 14.1% | 15.04% | 13.97% | 14.54% | 16.42% | 21.89% | 24.01% | - |
Research & Development | 100.87M | 122.77M | 130M | 126.9M | 139.57M | 116.11M | 98.7M | 109.78M | 117.4M | 122.38M |
R&D % of Revenue | 7.16% | 8.41% | 9.89% | 10.57% | 9.55% | 8.12% | 7.67% | 11.24% | 11.7% | - |
Other Operating Expenses | 14.46M | -6.15M | 57.08M | 32.85M | -15.12M | 61.9M | -407K | 222.73M | 9.96M | 4M |
Operating Income | 551.11M▲ 0% | 523.4M▼ 5.0% | 233.79M▼ 55.3% | 198.66M▼ 15.0% | 367.88M▲ 85.2% | 169.5M▼ 53.9% | 231.97M▲ 36.9% | -208.25M▼ 189.8% | 13.1M▲ 106.3% | 3.54M▲ 0% |
Operating Margin % | 39.12% | 35.85% | 17.78% | 16.54% | 25.18% | 11.86% | 18.02% | -21.31% | 1.31% | 0.34% |
Operating Income Growth % | 51.27% | -5.03% | -55.33% | -15.03% | 85.18% | -53.93% | 36.86% | -189.78% | 106.29% | - |
EBITDA | 615.68M | 603.68M | 330.06M | 293.21M | 464.21M | 260.06M | 301.59M | -146.81M | 79.96M | 55.05M |
EBITDA Margin % | 43.7% | 41.35% | 25.11% | 24.42% | 31.78% | 18.19% | 23.43% | -15.02% | 7.97% | 5.29% |
EBITDA Growth % | 48.08% | -1.95% | -45.32% | -11.16% | 58.32% | -43.98% | 15.97% | -148.68% | 154.46% | 133.37% |
D&A (Non-Cash Add-back) | 64.57M | 80.27M | 96.27M | 94.55M | 96.33M | 90.56M | 69.62M | 61.44M | 66.85M | 51.51M |
EBIT | 565.57M | 517.25M | 290.87M | 231.51M | 352.76M | 231.4M | 231.57M | 14.48M | 45.1M | 21.68M |
Net Interest Income | 737K | 9.06M | 14.24M | 6.27M | 0 | 12.62M | 0 | 45.47M | 0 | 7.28M |
Interest Income | 737K | 9.06M | 14.24M | 6.27M | 0 | 12.62M | 0 | 45.47M | 0 | 7.28M |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | 759K | 10.99M | 14.58M | 7.03M | -1.4M | 13.85M | 42.9M | 46.37M | 31.99M | 31.96M |
Pretax Income | 551.87M▲ 0% | 534.39M▼ 3.2% | 248.38M▼ 53.5% | 205.69M▼ 17.2% | 366.48M▲ 78.2% | 183.35M▼ 50.0% | 274.88M▲ 49.9% | -161.89M▼ 158.9% | 45.1M▲ 127.9% | 35.5M▲ 0% |
Pretax Margin % | 39.17% | 36.61% | 18.89% | 17.13% | 25.09% | 12.83% | 21.35% | -16.57% | 4.49% | 3.41% |
Income Tax | 204.28M | 130.23M | 68.11M | 45.35M | 88.61M | 72.59M | 56M | 19.64M | 14M | 6.58M |
Effective Tax Rate % | 37.02% | 24.37% | 27.42% | 22.05% | 24.18% | 39.59% | 20.37% | -12.13% | 31.04% | 18.53% |
Net Income | 347.61M▲ 0% | 404.03M▲ 16.2% | 180.23M▼ 55.4% | 159.57M▼ 11.5% | 278.42M▲ 74.5% | 109.91M▼ 60.5% | 218.88M▲ 99.1% | -181.53M▼ 182.9% | 31.1M▲ 117.1% | 28.92M▲ 0% |
Net Margin % | 24.67% | 27.68% | 13.71% | 13.29% | 19.06% | 7.69% | 17% | -18.58% | 3.1% | 2.78% |
Net Income Growth % | 33.31% | 16.23% | -55.39% | -11.46% | 74.48% | -60.52% | 99.14% | -182.93% | 117.13% | 114.33% |
Net Income (Continuing) | 347.59M | 404.17M | 180.26M | 160.34M | 277.87M | 110.76M | 218.88M | -181.53M | 31.1M | 28.92M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 686K | 717K | 1.29M | 639K | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 6.36▲ 0% | 7.38▲ 16.0% | 3.35▼ 54.6% | 2.97▼ 11.3% | 5.16▲ 73.7% | 2.16▼ 58.1% | 4.63▲ 114.4% | -4.09▼ 188.3% | 0.73▲ 117.8% | 0.67▲ 0% |
EPS Growth % | 31.13% | 16.04% | -54.61% | -11.34% | 73.74% | -58.14% | 114.35% | -188.34% | 117.85% | 114.96% |
EPS (Basic) | 6.50 | 7.55 | 3.40 | 3.00 | 5.21 | 2.17 | 4.64 | -4.09 | 0.73 | - |
Diluted Shares Outstanding | 54.7M | 54.73M | 53.84M | 53.78M | 53.93M | 50.92M | 47.32M | 44.34M | 42.65M | 42.91M |
Basic Shares Outstanding | 53.49M | 53.52M | 53.06M | 53.19M | 53.41M | 50.76M | 47.15M | 44.34M | 42.6M | 42.24M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
IPGP Balance Sheet
IPG Photonics Corporation (IPGP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.75B | 1.81B | 1.9B | 2.15B | 2.35B | 1.99B | 1.91B | 1.43B | 1.42B | 1.43B |
Cash & Short-Term Investments | 1.12B | 1.04B | 1.18B | 1.39B | 1.51B | 1.18B | 1.18B | 930.19M | 839.33M | 812.9M |
Cash Only | 909.9M | 544.36M | 680.07M | 876.23M | 709.11M | 698.21M | 514.67M | 620.04M | 403.79M | 480.76M |
Short-Term Investments | 206.26M | 500.43M | 502.55M | 514.84M | 805.4M | 479.37M | 662.81M | 310.15M | 435.54M | 332.14M |
Accounts Receivable | 237.28M | 255.51M | 238.48M | 264.32M | 262.12M | 211.35M | 219.05M | 171.13M | 181.73M | 198.14M |
Days Sales Outstanding | 61.47 | 63.88 | 66.21 | 80.35 | 65.49 | 53.96 | 62.1 | 63.92 | 66.08 | 65.72 |
Inventory | 307.71M | 403.58M | 380.79M | 364.99M | 460.75M | 509.36M | 453.87M | 284.78M | 313.42M | 319.01M |
Days Inventory Outstanding | 183.53 | 223.32 | 196.21 | 201.33 | 219.99 | 212.69 | 222.15 | 162.67 | 183.82 | 176.82 |
Other Current Assets | 47.92M | 57.76M | 55.88M | 57.8M | 73.32M | 47.05M | 38.21M | 27.3M | 45.77M | 51.88M |
Total Non-Current Assets | 617.97M | 769.03M | 833.8M | 787.62M | 822.86M | 757.01M | 784.24M | 858.27M | 1B | 988.5M |
Property, Plant & Equipment | 460.21M | 543.07M | 600.85M | 597.53M | 635.3M | 580.56M | 602.26M | 588.38M | 637.52M | 636.24M |
Fixed Asset Turnover | 3.06x | 2.69x | 2.19x | 2.01x | 2.30x | 2.46x | 2.14x | 1.66x | 1.57x | 1.65x |
Goodwill | 55.83M | 100.72M | 82.09M | 41.37M | 38.61M | 38.33M | 38.54M | 67.24M | 71.73M | 70.91M |
Intangible Assets | 51.22M | 87.14M | 74.27M | 62.11M | 52.68M | 34.12M | 26.23M | 55.38M | 49.93M | 47.17M |
Long-Term Investments | 16K | 4.7M | 0 | 0 | 0 | 0 | 0 | 0 | 76.53M | 177.27M |
Other Non-Current Assets | 18.99M | 14.23M | 45.19M | 43.42M | 48.51M | 28.85M | 28.43M | 32.25M | 41.23M | 42.68M |
Total Assets | 2.37B▲ 0% | 2.57B▲ 8.5% | 2.73B▲ 6.1% | 2.94B▲ 7.5% | 3.17B▲ 8.0% | 2.74B▼ 13.5% | 2.7B▼ 1.6% | 2.29B▼ 15.2% | 2.42B▲ 5.9% | 2.42B▲ 0% |
Asset Turnover | 0.59x | 0.57x | 0.48x | 0.41x | 0.46x | 0.52x | 0.48x | 0.43x | 0.41x | 0.43x |
Asset Growth % | 32.51% | 8.54% | 6.06% | 7.52% | 8% | -13.48% | -1.62% | -15.18% | 5.9% | 6.85% |
Total Current Liabilities | 198.9M | 245.78M | 191.9M | 214.58M | 313.43M | 274.65M | 214.86M | 205.02M | 234.04M | 247.18M |
Accounts Payable | 35.11M | 36.3M | 27.33M | 25.75M | 55.84M | 46.23M | 28.62M | 35.38M | 39.29M | 54.72M |
Days Payables Outstanding | 20.94 | 20.09 | 14.08 | 14.2 | 26.66 | 19.3 | 14.01 | 20.21 | 23.04 | 24.66 |
Short-Term Debt | 3.6M | 3.67M | 3.74M | 3.81M | 18.13M | 16.03M | 0 | 0 | 0 | 5M |
Deferred Revenue (Current) | 47.32M | 56.52M | 59.53M | 71.25M | 89.66M | 80.07M | 69.22M | 56.45M | 0 | 183.3M |
Other Current Liabilities | 81.21M | 84.71M | 48.88M | 62.78M | 109.51M | 88.96M | 80.25M | 69.36M | 184.85M | 45.97M |
Current Ratio | 8.82x | 7.35x | 9.88x | 10.01x | 7.49x | 7.23x | 8.91x | 6.98x | 6.08x | 5.80x |
Quick Ratio | 7.27x | 5.70x | 7.90x | 8.31x | 6.02x | 5.38x | 6.80x | 5.59x | 4.74x | 4.51x |
Cash Conversion Cycle | 224.06 | 267.12 | 248.34 | 267.47 | 258.82 | 247.35 | 270.24 | 206.38 | 226.87 | 217.88 |
Total Non-Current Liabilities | 150.75M | 122.44M | 136.09M | 127.01M | 109.89M | 83.27M | 68.65M | 59.77M | 62.11M | 58.67M |
Long-Term Debt | 45.38M | 41.71M | 37.97M | 34.16M | 16.03M | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 18.52M | 16.79M | 13.66M | 13.12M | 0 | 35.87M |
Deferred Tax Liabilities | 105.37M | 80.73M | 98.12M | 92.85M | 1.63M | 1.47M | 1.51M | 14.21M | 62.11M | 108.52M |
Other Non-Current Liabilities | 100.65M | 0 | 0 | 0 | 73.7M | 65.02M | 53.48M | 32.44M | 0 | 19.48M |
Total Liabilities | 349.65M | 368.22M | 327.99M | 341.59M | 423.32M | 357.92M | 283.51M | 264.79M | 296.15M | 305.85M |
Total Debt | 48.98M | 45.38M | 47.01M | 43.74M | 58.13M | 38.05M | 18.26M | 17.96M | 0 | 16.31M |
Net Debt | -860.92M | -498.98M | -633.06M | -832.49M | -650.97M | -660.16M | -496.41M | -602.08M | -403.79M | -464.45M |
Debt / Equity | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | - | 0.01x |
Debt / EBITDA | 0.08x | 0.08x | 0.14x | 0.15x | 0.13x | 0.15x | 0.06x | - | - | 0.30x |
Net Debt / EBITDA | -1.40x | -0.83x | -1.92x | -2.84x | -1.40x | -2.54x | -1.65x | - | -5.05x | -8.44x |
Interest Coverage | - | - | - | - | - | - | - | - | - | - |
Total Equity | 2.02B▲ 0% | 2.21B▲ 9.1% | 2.4B▲ 8.9% | 2.59B▲ 8.0% | 2.75B▲ 5.9% | 2.39B▼ 13.2% | 2.42B▲ 1.3% | 2.02B▼ 16.2% | 2.13B▲ 5.1% | 2.12B▲ 0% |
Equity Growth % | 29.83% | 9.09% | 8.89% | 7.98% | 5.9% | -13.17% | 1.26% | -16.18% | 5.12% | 0.74% |
Book Value per Share | 36.97 | 40.31 | 44.62 | 48.23 | 50.94 | 46.84 | 51.04 | 45.66 | 49.90 | 49.31 |
Total Shareholders' Equity | 2.02B | 2.21B | 2.4B | 2.59B | 2.75B | 2.39B | 2.42B | 2.02B | 2.13B | 2.12B |
Common Stock | 5K | 5K | 5K | 6K | 6K | 6K | 6K | 6K | 6K | 6K |
Retained Earnings | 1.44B | 1.85B | 2.03B | 2.19B | 2.47B | 2.58B | 2.8B | 2.61B | 2.64B | 2.65B |
Treasury Stock | -48.93M | -225M | -265.73M | -303.61M | -438.5M | -938.01M | -1.16B | -1.51B | -1.56B | -1.56B |
Accumulated OCI | -77.34M | -162.9M | -146.92M | -146.06M | -189.95M | -204.52M | -212.53M | -119.37M | -38.38M | -50.84M |
Minority Interest | 0 | 686K | 717K | 1.29M | 639K | 0 | 0 | 0 | 0 | 0 |
IPGP Cash Flow Statement
IPG Photonics Corporation (IPGP) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 404.45M | 393.3M | 323.52M | 285.33M | 389.7M | 212.65M | 295.99M | 247.9M | 75.34M | 61.9M |
Operating CF Margin % | 28.71% | 26.94% | 24.61% | 23.76% | 26.68% | 14.88% | 22.99% | 25.37% | 7.51% | - |
Operating CF Growth % | 38.37% | -2.76% | -17.74% | -11.8% | 36.58% | -45.43% | 39.19% | -16.25% | -69.61% | -311.65% |
Net Income | 347.59M | 404.17M | 180.26M | 160.34M | 277.87M | 110.76M | 218.88M | -181.53M | 31.1M | 28.92M |
Depreciation & Amortization | 64.57M | 80.27M | 96.27M | 94.55M | 96.33M | 90.56M | 69.62M | 61.44M | 66.85M | 51.51M |
Stock-Based Compensation | 23.02M | 28.03M | 33.36M | 35.47M | 37.86M | 38.3M | 39.5M | 37.07M | 0 | -10.75M |
Deferred Taxes | 22.88M | -4.58M | -15.49M | -12.81M | -6.88M | -27.57M | -13.79M | -25.66M | -13.68M | -12.92M |
Other Non-Cash Items | 53.91M | 32.61M | 120.55M | 104.54M | 68.5M | 202.82M | 36.33M | 295.05M | 76.39M | 32.45M |
Working Capital Changes | -107.52M | -147.2M | -91.43M | -96.75M | -83.97M | -202.22M | -54.56M | 61.52M | -85.32M | -25.73M |
Change in Receivables | -60.92M | -20.24M | -481K | -13.02M | -2.09M | 34.1M | -10.39M | 46.83M | -4.76M | 6.77M |
Change in Inventory | -71.08M | -135.44M | -28.11M | -39.9M | -149.75M | -189.01M | 1.82M | 47.73M | -52.92M | -43.95M |
Change in Payables | 2.31M | -1.43M | -10.26M | -1.94M | 31M | -12.17M | -16.32M | -1.53M | 4.33M | -1.16M |
Cash from Investing | -169.86M | -563M | -139.97M | -99.57M | -416.28M | 296.95M | -237.55M | 208.73M | -265.23M | 9.16M |
Capital Expenditures | -126.53M | -160.34M | -133.54M | -87.7M | -123.11M | -110.14M | -110.48M | -98.52M | -78.8M | -53.98M |
CapEx % of Revenue | 8.98% | 10.98% | 10.16% | 7.3% | 8.43% | 7.7% | 8.58% | 10.08% | 7.85% | 5.18% |
Acquisitions | -59.54M | -109.11M | -15.12M | -429K | 1.41M | 50.94M | 0 | -92.06M | 505K | 1.63M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 15.53M | 1.44M | 898K | 882K | -1.51M | 26.82M | 31.8M | 29M | 965K | -399K |
Cash from Financing | -3.37M | -166.65M | -37.07M | -10.08M | -125.07M | -514.55M | -236.38M | -339.62M | -54.19M | -48.52M |
Debt Issued (Net) | 8.16M | -3.6M | -3.67M | -3.74M | -3.81M | -18.13M | -16.03M | 0 | 0 | 0 |
Equity Issued (Net) | -39.99M | -176.06M | -40.73M | -37.88M | -134.89M | -499.51M | -223.5M | -343.82M | -54.19M | -3.38M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -39.99M | -176.06M | -40.73M | -37.88M | -134.89M | -499.51M | -223.5M | -343.82M | -54.19M | -3.27M |
Other Financing | 28.46M | 13.02M | 7.34M | 31.54M | 13.63M | 3.08M | 3.15M | 4.2M | 0 | -45.14M |
Net Change in Cash | 286.05M▲ 0% | -365.54M▼ 227.8% | 138.63M▲ 137.9% | 195.57M▲ 41.1% | -169.45M▼ 186.6% | -10.9M▲ 93.6% | -183.53M▼ 1584.4% | 105.37M▲ 157.4% | -216.25M▼ 305.2% | 117.72M▲ 0% |
Free Cash Flow | 277.91M▲ 0% | 232.96M▼ 16.2% | 189.99M▼ 18.4% | 197.64M▲ 4.0% | 266.59M▲ 34.9% | 102.51M▼ 61.5% | 185.5M▲ 81.0% | 149.37M▼ 19.5% | -3.45M▼ 102.3% | 7.92M▲ 0% |
FCF Margin % | 19.73% | 15.96% | 14.45% | 16.46% | 18.25% | 7.17% | 14.41% | 15.29% | -0.34% | 0.76% |
FCF Growth % | 68.18% | -16.18% | -18.45% | 4.03% | 34.89% | -61.55% | 80.96% | -19.48% | -102.31% | -92.89% |
FCF per Share | 5.08 | 4.26 | 3.53 | 3.67 | 4.94 | 2.01 | 3.92 | 3.37 | -0.08 | 0.18 |
FCF Conversion (FCF/Net Income) | 1.16x | 0.97x | 1.80x | 1.79x | 1.40x | 1.93x | 1.35x | -1.37x | 2.42x | 0.27x |
Interest Paid | 2.58M | 3.05M | 2.68M | 2.23M | 2.71M | 3.21M | 1.28M | 277K | 0 | 221K |
Taxes Paid | 155.56M | 112.76M | 116.95M | 85.86M | 63M | 113.2M | 62.92M | 40.63M | 0 | 33.68M |
IPGP Key Ratios
IPG Photonics Corporation (IPGP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 19.42% | 19.11% | 7.82% | 6.39% | 10.42% | 4.28% | 9.12% | -8.18% | 1.5% | 1.37% |
Return on Invested Capital (ROIC) | 38.7% | 27.37% | 10.09% | 8.44% | 14.3% | 6.65% | 9.55% | -9.35% | 0.62% | 0.15% |
Gross Margin | 56.56% | 54.82% | 46.11% | 44.89% | 47.67% | 38.85% | 42.08% | 34.61% | 38% | 37.56% |
Net Margin | 24.67% | 27.68% | 13.71% | 13.29% | 19.06% | 7.69% | 17% | -18.58% | 3.1% | 2.78% |
Debt / Equity | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | - | 0.01x |
FCF Conversion | 1.16x | 0.97x | 1.80x | 1.79x | 1.40x | 1.93x | 1.35x | -1.37x | 2.42x | 0.27x |
Revenue Growth | 40.02% | 3.62% | -9.95% | -8.66% | 21.66% | -2.14% | -9.94% | -24.1% | 2.73% | 9.29% |
Related:IPGP Dividend History·IPGP Revenue History·IPGP Price History·IPGP P/E History·IPGP Financial Ratios·IPGP Institutional Holders
IPGP SEC Filings & Documents
IPG Photonics Corporation (IPGP) SEC filings — annual & quarterly reports (10-K, 10-Q)
IPGP Frequently Asked Questions
IPG Photonics Corporation (IPGP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
IPG Photonics Corporation (IPGP) reported $1.04B in revenue for fiscal year 2025. This represents a 1616% increase from $60.7M in 2004.
IPG Photonics Corporation (IPGP) grew revenue by 2.7% over the past year. Growth has been modest.
Yes, IPG Photonics Corporation (IPGP) is profitable, generating $28.9M in net income for fiscal year 2025 (3.1% net margin).
Dividend & Returns
IPG Photonics Corporation (IPGP) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.
IPG Photonics Corporation (IPGP) generated $7.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.