NASDAQ · Financial Statements

IPG Photonics Corporation (IPGP) Financial Statements

$71.07 NASDAQ: IPGP Market Cap $3.02B

IPG Photonics Corporation most recently reported annual revenue of $1.0B, net profit of $31.0M. Revenue declined at an average annual rate of 3.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

IPG Photonics Corporation: Revenue fell from $1.0B in 2016 to $1.0B in 2025, a change of -0.2% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 36.2% to 1.3%, a shift of -34.9 percentage points; the most recent year shows net profit of $31.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.0B$1.4B$1.5B$1.3B$1.2B$1.5B$1.4B$1.3B$977.0M$1.0B
Operating Expenses$642.0M$858.0M$936.0M$1.1B$1.0B$1.1B$1.3B$1.1B$1.2B$991.0M
Operating Profit$364.0M$551.0M$523.0M$234.0M$199.0M$368.0M$170.0M$232.0M$-208.0M$13.0M
Operating Margin36.2%39.1%35.9%17.8%16.5%25.2%11.9%18.0%-21.3%1.3%
Other Income$2.0M$1.0M$11.0M$15.0M$7.0M$-1.0M$14.0M$43.0M$46.0M$32.0M
Interest$1.0M$0$0$0$0$0$0$0$0$0
Depreciation$51.0M$65.0M$80.0M$96.0M$95.0M$96.0M$91.0M$70.0M$61.0M$67.0M
Profit Before Tax$367.0M$552.0M$534.0M$248.0M$206.0M$366.0M$183.0M$275.0M$-162.0M$45.0M
Tax$28.9M$37.0M$24.4M$27.4M$22.1M$24.2M$39.6M$20.4M$-12.1M$31.0M
Net Profit$261.0M$348.0M$404.0M$180.0M$160.0M$278.0M$110.0M$219.0M$-182.0M$31.0M
EPS$4.85$6.36$7.38$3.35$2.97$5.16$2.16$4.63$-4.09$0.73
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$301.0M$299.0M$252.0M$258.0M$233.0M$234.0M$228.0M$251.0M$251.0M$274.0M$265.0M$279.0M
Operating Expenses$246.0M$270.0M$233.0M$246.0M$486.0M$220.0M$226.0M$251.0M$243.0M$271.0M$273.0M$274.0M
Operating Profit$56.0M$29.0M$19.0M$12.0M$-253.0M$14.0M$2.0M$0$8.0M$3.0M$-8.0M$5.0M
Operating Margin18.5%9.6%7.6%4.7%-108.7%6.0%0.8%0.0%3.1%1.2%-2.9%1.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$68.0M$42.0M$34.0M$25.0M$-243.0M$22.0M$11.0M$8.0M$16.0M$11.0M$1.0M$13.0M
Tax$18.9M$1.7M$28.3M$19.4M$3.7M$64.5M$64.6M$20.1M$52.3M$-25.7M$-55.5M$58.2M
Net Profit$55.0M$41.0M$24.0M$20.0M$-234.0M$8.0M$4.0M$7.0M$7.0M$13.0M$2.0M$5.0M
EPS$1.16$0.89$0.52$0.45$-5.33$0.18$0.09$0.16$0.18$0.31$0.04$0.12

Over the 10 years reported for IPG Photonics Corporation, borrowings decreased from $41.0M in 2016 to $17.0M in 2025, cash stood at $404.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 6.08 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.8B$2.4B$2.6B$2.7B$2.9B$3.2B$2.7B$2.7B$2.3B$2.4B
Current Assets$1.3B$1.8B$1.8B$1.9B$2.1B$2.3B$2.0B$1.9B$1.4B$1.4B
Cash$624.0M$910.0M$544.0M$680.0M$876.0M$709.0M$698.0M$515.0M$620.0M$404.0M
Inventory$239.0M$308.0M$404.0M$381.0M$365.0M$461.0M$509.0M$454.0M$285.0M$313.0M
Receivables$156.0M$237.0M$256.0M$238.0M$264.0M$262.0M$211.0M$219.0M$171.0M$182.0M
Fixed Assets$379.0M$460.0M$543.0M$601.0M$598.0M$635.0M$581.0M$602.0M$588.0M$638.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$207.0M$206.0M$505.0M$503.0M$515.0M$805.0M$479.0M$663.0M$310.0M$512.0M
Other Assets$20.0M$56.0M$101.0M$82.0M$41.0M$39.0M$38.0M$39.0M$67.0M$72.0M
Total Liabilities$232.0M$350.0M$368.0M$328.0M$342.0M$423.0M$358.0M$284.0M$265.0M$296.0M
Current Liabilities$158.0M$199.0M$246.0M$192.0M$215.0M$313.0M$275.0M$215.0M$205.0M$234.0M
Borrowings$41.0M$49.0M$45.0M$47.0M$44.0M$58.0M$38.0M$18.0M$18.0M$17.0M
Other Liabilities$191.0M$301.0M$323.0M$281.0M$298.0M$365.0M$320.0M$265.0M$247.0M$279.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$1.6B$2.0B$2.2B$2.4B$2.6B$2.7B$2.4B$2.4B$2.0B$2.1B

For IPG Photonics Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was negative at $3.0M; free cash flow was positive in 9 of 10 years; financing activities used $53.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$292.0M$404.0M$393.0M$324.0M$285.0M$390.0M$213.0M$296.0M$248.0M$75.0M
Investing Cash Flow$-401.0M$-296.0M$-723.0M$-274.0M$-187.0M$-539.0M$187.0M$-348.0M$110.0M$-344.0M
Financing Cash Flow$12.0M$-12.0M$-163.0M$-33.0M$-6.0M$-121.0M$-496.0M$-220.0M$-340.0M$-53.0M
Net Cash Flow$41.0M$286.0M$-366.0M$139.0M$196.0M$-169.0M$-11.0M$-184.0M$105.0M$-216.0M
Free Cash Flow$165.0M$278.0M$233.0M$190.0M$198.0M$267.0M$103.0M$186.0M$149.0M$-3.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.99
EV / EBITDA26.10
FCF Yield0.58%
Quick Ratio4.80
Interest Coverage—
Return 1Y35.17%
Return 3Y-23.05%
Return 5Y-52.66%

IPG Photonics Corporation (IPGP) financials — frequently asked questions

What is IPG Photonics Corporation's annual revenue?

IPG Photonics Corporation (IPGP) reported annual revenue of $1.0B in its most recent fiscal year.

What is IPG Photonics Corporation's net profit?

IPG Photonics Corporation (IPGP) reported net profit of $31.0M in its most recent fiscal year.

What is IPGP EV/EBITDA?

IPG Photonics Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 26.10.

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