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IPGP Financials Ipg Photonics Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 3.5% per year over the past 5 years.
  • Net income has grown slower than revenue (-27.9% vs -3.5% per year).
  • Operating margin has contracted, at 1.3% in the latest year.

Financial health

  • Total debt has grown slower than revenue (-18.8% vs -3.5% per year).
Revenue & net income
-$182M $640M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-21% 18% 57% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-9% 9% 27% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$3M $138M $279M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $455M $910M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$563M -$79M $405M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.0B $31M 38.0% 1.3% 1.5% 1.3% -$3M $404M
2024 $977M -$182M 34.6% -21.3% -9.0% -7.9% $149M $620M
2023 $1.3B $219M 42.1% 18.0% 9.1% 8.1% $186M $515M
2022 $1.4B $110M 38.9% 11.9% 4.6% 4.0% $103M $16M $698M
2021 $1.5B $278M 47.7% 25.2% 10.1% 8.8% $267M $34M $709M
2020 $1.2B $160M 44.9% 16.5% 6.2% 5.4% $198M $38M $876M
2019 $1.3B $180M 46.1% 17.8% 7.5% 6.6% $190M $42M $680M
2018 $1.5B $404M 54.8% 35.9% 18.3% 15.7% $233M $45M $544M
2017 $1.4B $348M 56.6% 39.1% 17.2% 14.7% $279M $45M $910M
2016 $1.0B $261M 54.9% 36.2% 16.7% 14.6% $171M $41M $624M
2015 $242M 19.2% 16.7% $193M $20M $583M
2014 $200M 19.2% 16.6% $92M $33M $522M
2013 $156M 16.8% 14.7% $48M $13M $449M
2012 $145M 19.5% 16.2% $107M $16M $384M
2011 $118M 26.6% 19.4% $34M $17M $180M

Valuation over time

How the market has priced IPGP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 90.0 179.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 2.8 5.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is IPGP growing its revenue and profit?

Over the past 5 years, Ipg Photonics Corp's revenue has declined 3.5% per year, and net income declined 27.9% per year. These are computed facts, not advice.

How much debt does IPGP have?

As of FY2025, Ipg Photonics Corp reported — of total debt against $404M of cash.

What is IPGP's profit margin?

In FY2025, gross margin was 38.0%, operating margin 1.3%, and net margin 3.1%.

What is IPGP's P/E ratio?

As of Sep '26, Ipg Photonics Corp traded at a price-to-earnings ratio of about 104.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.