A Business at a Glance
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Our Company IPG Photonics Corporation ("IPG", the "Company", the "Registrant", "we", "us" or "our") develops, manufactures and sells high-performance fiber lasers, fiber amplifiers, diode lasers and laser-based systems that are used for diverse applications in materials processing, medical and advanced applications. Fiber lasers combine the advantages of semiconductor diodes, such as long life and high efficiency, with the high amplification and precise beam qualities of specialty optical fibers to deliver superior performance, reliability and usability. We sell our products globally to original equipment manufacturers ("OEMs"), system integrators and end users. We market our products internationally, primarily through our direct sales force. Our major manufacturing facilities are located in the United States and Germany. We have sales service offices and applications laboratories worldwide.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Materials processing | $1.33B | $1.29B | $1.15B | $857M | $860M | 43% |
High Power Continuous Wave ("CW") Lasers | $687M | $614M | $525M | $333M | $309M | 15% |
Other Revenue including Other Lasers, Amplifiers, Service, Parts, Accessories | — | — | $295M | $247M | $265M | 13% |
Laser and Non-Laser Systems | $127M | $153M | $161M | $139M | $147M | 7% |
Other applications | $135M | $138M | $135M | $120M | $144M | 7% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.0B | 1.0B | 977M | 1.3B | 1.4B | 1.5B |
| Net Income | 31M | 31M | -182M | 219M | 110M | 278M |
| EPS | $0.73 | $0.73 | $-4.09 | $4.63 | $2.16 | $5.16 |
| Free Cash Flow | -3.5M | -3.5M | 149M | 186M | 103M | 267M |
| ROIC | 0.5% | 0.8% | -8.1% | 14.8% | 8.2% | 22.1% |
| Gross Margin | 38.0% | 38.0% | 34.6% | 42.1% | 38.9% | 47.7% |
| Debt/Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 13M | 13M | -208M | 232M | 170M | 368M |
| Operating Margin | 1.3% | 1.3% | -21.3% | 18.0% | 11.9% | 25.2% |
| ROE | 1.5% | 1.5% | -8.2% | 9.1% | 4.3% | 10.4% |
| Shares Outstanding | 43M | 43M | 44M | 47M | 51M | 54M |
IPG PHOTONICS CORP passes 1 of 9 quality checks, indicating weak fundamentals.
IPG PHOTONICS CORP trades at 170.8x trailing earnings, compared to its 15-year median P/E of 33.5x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 7.5% with a gross margin of 40.2%. Total shareholder yield (buybacks) is 1.0%. At current prices, the estimated annualized return to fair value is -8.9%.
IPG PHOTONICS CORP (IPGP) has a current P/E ratio of 170.8, compared to its historical median P/E of 33.5. The stock is currently considered Expensive based on its historical valuation range.
IPG PHOTONICS CORP (IPGP) has a 5-year average return on invested capital (ROIC) of 7.5%. This is below average and may indicate limited pricing power.
IPG PHOTONICS CORP (IPGP) has a market capitalization of $5.3B. It is classified as a mid-cap stock.
IPG PHOTONICS CORP (IPGP) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.00%.
Based on historical P/E analysis, IPG PHOTONICS CORP (IPGP) appears expensive. The current P/E of 170.8 is 410% above its historical median of 33.5. The estimated fair value CAGR (P/E method) is -17.9%.
IPG PHOTONICS CORP (IPGP) operates in the Semiconductors & Related Devices industry, within the Technology sector.
IPG PHOTONICS CORP (IPGP) reported annual revenue of $1.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
IPG PHOTONICS CORP (IPGP) has a net profit margin of 3.1%. This is a modest margin.
IPG PHOTONICS CORP (IPGP) generated $-3 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
IPG PHOTONICS CORP (IPGP) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
IPG PHOTONICS CORP (IPGP) reported earnings per share (EPS) of $0.73 in its most recent fiscal year.
IPG PHOTONICS CORP (IPGP) has a return on equity (ROE) of 1.5%. This indicates moderate shareholder returns.
IPG PHOTONICS CORP (IPGP) has a 5-year average gross margin of 40.2%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for IPG PHOTONICS CORP (IPGP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
IPG PHOTONICS CORP (IPGP) has a book value per share of $49.96, based on its most recent annual SEC filing.