Ipg Photonics Corporation | Mid-cap | Technology
$80.68
-6.91%
| Ipg Photonics Stock Comparison:
Ipg Photonics vs Lam ResearchIpg Photonics vs Applied MaterialsIpg Photonics vs Amkor TechnologyIpg Photonics vs Onto InnovationIpg Photonics vs CamtekIpg Photonics vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 250.7M
Gross Profit 93.6M 37.32%
Operating Income 3.2M 1.28%
Net Income 6.6M 2.63%
EPS (Diluted) $0.16

Balance Sheet Metrics

Total Assets 2.3B
Total Liabilities 256.9M
Shareholders Equity 2.1B
Debt to Equity 0.12

Cash Flow Metrics

Operating Cash Flow 30.1M
Free Cash Flow -11.4M

Revenue & Profitability Trend

Ipg Photonics Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 977.1M 1.3B 1.4B 1.5B 1.2B
Cost of Goods Sold i 639.0M 745.7M 874.1M 764.5M 661.7M
Gross Profit i 338.2M 541.7M 555.4M 696.4M 539.0M
Gross Margin % i 34.6% 42.1% 38.9% 47.7% 44.9%
Operating Expenses
Research & Development i 109.8M 98.7M 116.1M 139.6M 126.9M
Selling, General & Administrative i 213.9M 211.4M 207.9M 204.1M 180.6M
Other Operating Expenses i - - - - -
Total Operating Expenses i 323.7M 310.1M 324.0M 343.6M 307.5M
Operating Income i 14.5M 231.6M 231.4M 352.8M 231.5M
Operating Margin % i 1.5% 18.0% 16.2% 24.1% 19.3%
Non-Operating Items
Interest Income i - - - - 6.3M
Interest Expense i - - - - -
Other Non-Operating Income -221.8M 1.6M -60.7M 15.6M -32.1M
Pre-tax Income i -161.9M 274.9M 183.4M 366.5M 205.7M
Income Tax i 19.6M 56.0M 72.6M 88.6M 45.4M
Effective Tax Rate % i 0.0% 20.4% 39.6% 24.2% 22.0%
Net Income i -181.5M 218.9M 110.8M 277.9M 160.3M
Net Margin % i -18.6% 17.0% 7.7% 19.0% 13.4%
Key Metrics
EBITDA i 298.7M 300.8M 383.9M 434.0M 358.9M
EPS (Basic) i $-4.09 $4.64 $2.17 $5.21 $3.00
EPS (Diluted) i $-4.09 $4.63 $2.16 $5.16 $2.97
Basic Shares Outstanding i 44336000 47154217 50761000 53410000 53186000
Diluted Shares Outstanding i 44336000 47154217 50761000 53410000 53186000

Income Statement Trend

Ipg Photonics Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 620.0M 514.7M 698.2M 709.1M 876.2M
Short-term Investments i 310.2M 662.8M 479.4M 805.4M 514.8M
Accounts Receivable i 171.1M 219.1M 211.3M 262.1M 264.3M
Inventory i 284.8M 453.9M 509.4M 460.7M 365.0M
Other Current Assets 27.3M 38.2M 47.0M 73.3M 57.8M
Total Current Assets i 1.4B 1.9B 2.0B 2.3B 2.1B
Non-Current Assets
Property, Plant & Equipment i 0 0 0 0 0
Goodwill i 189.9M 103.3M 110.8M 129.9M 144.8M
Intangible Assets i 55.4M 26.2M 34.1M 52.7M 62.1M
Long-term Investments - - - - -
Other Non-Current Assets 147.3M 117.2M 104.0M 96.3M 86.6M
Total Non-Current Assets i 858.3M 784.2M 757.0M 822.9M 787.6M
Total Assets i 2.3B 2.7B 2.7B 3.2B 2.9B
Liabilities
Current Liabilities
Accounts Payable i 35.4M 28.6M 46.2M 55.8M 25.7M
Short-term Debt i 4.8M 4.6M 21.3M 23.6M 9.6M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 12.8M 13.2M 10.7M 14.7M -
Total Current Liabilities i 205.0M 214.9M 274.6M 313.4M 214.6M
Non-Current Liabilities
Long-term Debt i 13.1M 13.7M 16.8M 34.6M 34.2M
Deferred Tax Liabilities i 14.2M 1.5M 1.5M 1.6M 92.9M
Other Non-Current Liabilities 5.6M 5.4M 4.9M 4.8M 92.9M
Total Non-Current Liabilities i 59.8M 68.7M 83.3M 109.9M 127.0M
Total Liabilities i 264.8M 283.5M 357.9M 423.3M 341.6M
Equity
Common Stock i 6.0K 6.0K 6.0K 6.0K 6.0K
Retained Earnings i 2.6B 2.8B 2.6B 2.5B 2.2B
Treasury Stock i 1.5B 1.2B 938.0M 438.5M 303.6M
Other Equity - - - - -
Total Shareholders Equity i 2.0B 2.4B 2.4B 2.7B 2.6B
Key Metrics
Total Debt i 18.0M 18.3M 38.1M 58.1M 43.7M
Working Capital i 1.2B 1.7B 1.7B 2.0B 1.9B

Balance Sheet Composition

Ipg Photonics Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i -181.5M 218.9M 110.8M 277.9M 160.3M
Depreciation & Amortization i 61.4M 69.6M 90.6M 96.3M 94.6M
Stock-Based Compensation i 37.1M 39.5M 38.3M 37.9M 35.5M
Working Capital Changes i 93.0M -24.9M -167.1M -120.8M -54.9M
Operating Cash Flow i -11.7M 294.5M 51.2M 290.4M 231.3M
Investing Activities
Capital Expenditures i -69.9M -79.2M -83.3M -121.7M -86.8M
Acquisitions i -92.1M 0 50.9M 0 -429.0K
Investment Purchases i -713.2M -1.2B -1.1B -1.9B -1.1B
Investment Sales i 1.1B 1.1B 1.4B 1.6B 1.1B
Investing Cash Flow i 208.7M -237.6M 297.0M -416.3M -99.6M
Financing Activities
Share Repurchases i -343.8M -223.5M -499.5M -134.9M -37.9M
Dividends Paid i - - - - -
Debt Issuance i - - - - 0
Debt Repayment i 0 -16.0M -18.1M -3.8M -3.7M
Financing Cash Flow i -343.8M -239.5M -520.1M -141.3M -43.3M
Free Cash Flow i 149.4M 185.5M 102.5M 266.6M 197.6M
Net Change in Cash i -146.8M -182.6M -172.0M -267.2M 88.5M

Cash Flow Trend

Ipg Photonics Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 26.15
Forward P/E 40.53
Price to Book 1.71
Price to Sales 3.80
PEG Ratio -0.41

Profitability Ratios

Profit Margin -22.77%
Operating Margin 1.28%
Return on Equity -9.89%
Return on Assets -0.17%

Financial Health

Current Ratio 6.80
Debt to Equity 0.80
Beta 0.99

Per Share Data

EPS (TTM) $-4.82
Book Value per Share $49.72
Revenue per Share $22.06

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
ipgp 3.8B 26.15 1.71 -9.89% -22.77% 0.80
Lam Research 191.0B 33.82 18.06 58.24% 29.07% 48.23
Applied Materials 168.5B 25.25 8.64 35.63% 23.88% 34.67
Amkor Technology 7.4B 24.39 1.75 7.35% 4.80% 42.84
Onto Innovation 7.3B 33.44 3.37 10.53% 19.29% 0.68
Camtek 5.1B 41.10 8.15 24.28% 28.36% 32.03

Financial data is updated regularly. All figures are in the company's reporting currency.