Ipg Photonics Corp - Understand $ipgp stock

$IPGP Market Cap: $3.259 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.042B

TTM

Gross Margin

34.36%

TTM

Net Earnings

-$147.9M

TTM

Current Assets

$1.570B

Q3 2024

Current Liabilities

$194.2M

Q3 2024

Current Ratio

808.73%

Q3 2024

Total Assets

$2.355B

Q3 2024

Total Liabilities

$240.5M

Q3 2024

Book Value

$2.115B

Q3 2024

Cash

$883.9M

Q3 2024

P/E

-22.03

Nov 29, 2024 EST

Free Cash Flow

$179.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.287B	$1.430B	$1.461B	$1.201B	$1.315B	$1.460B	$1.409B	$1.006B	$901.3M	$769.8M	$648.0M	$562.5M	$474.5M	$299.3M	$185.9M	$229.1M	$188.7M	$143.2M	$96.40M	$60.70M	$33.70M
YoY Change	-9.94%	-2.14%	21.66%	-8.66%	-9.95%	3.62%	40.02%	11.64%	17.07%	18.8%	15.2%	18.56%	58.53%	61.0%	-18.86%	21.41%	31.77%	48.55%	58.81%	80.12%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$1.287B	$1.430B	$1.461B	$1.201B	$1.315B	$1.460B	$1.409B	$1.006B	$901.3M	$769.8M	$648.0M	$562.5M	$474.5M	$299.3M	$185.9M	$229.1M	$188.7M	$143.2M	$96.40M	$60.70M	$33.70M
Cost Of Revenue	$745.7M	$874.1M	$764.5M	$661.7M	$708.4M	$659.6M	$612.0M	$453.9M	$409.4M	$353.3M	$308.1M	$257.8M	$217.2M	$152.8M	$121.6M	$121.8M	$103.7M	$79.90M	$62.50M	$42.30M	$38.60M
Gross Profit	$541.7M	$555.4M	$696.4M	$539.0M	$606.2M	$800.3M	$796.9M	$552.2M	$491.9M	$416.5M	$339.9M	$304.7M	$257.3M	$146.5M	$64.30M	$107.3M	$85.00M	$63.30M	$33.90M	$18.40M	-$4.800M
Gross Profit Margin	42.08%	38.85%	47.67%	44.89%	46.11%	54.82%	56.56%	54.89%	54.58%	54.11%	52.45%	54.17%	54.22%	48.95%	34.59%	46.84%	45.05%	44.2%	35.17%	30.31%	-14.24%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$205.8M	$207.9M	$204.1M	$180.6M	$185.3M	$160.2M	$130.5M	$104.9M	$89.06M	$85.98M	$77.56M	$63.08M	$59.17M	$47.70M	$35.60M	$37.10M	$30.30M	$20.70M	$13.80M	$10.50M	$12.10M
YoY Change	-1.02%	1.88%	13.0%	-2.56%	15.66%	22.82%	24.4%	17.76%	3.59%	10.86%	22.95%	6.6%	24.05%	33.99%	-4.04%	22.44%	46.38%	50.0%	31.43%	-13.22%
% of Gross Profit	37.99%	37.43%	29.3%	33.5%	30.57%	20.02%	16.37%	18.99%	18.11%	20.64%	22.82%	20.7%	23.0%	32.56%	55.37%	34.58%	35.65%	32.7%	40.71%	57.07%
Research & Development	$98.70M	$116.1M	$139.6M	$126.9M	$130.0M	$122.8M	$100.9M	$78.55M	$63.33M	$53.40M	$41.66M	$31.40M	$25.42M	$19.20M	$18.50M	$15.80M	$9.500M	$6.500M	$5.800M	$4.800M	$10.10M
YoY Change	-14.99%	-16.81%	9.99%	-2.38%	5.89%	21.71%	28.41%	24.03%	18.6%	28.19%	32.67%	23.52%	32.41%	3.78%	17.09%	66.32%	46.15%	12.07%	20.83%	-52.48%
% of Gross Profit	18.22%	20.91%	20.04%	23.54%	21.44%	15.34%	12.66%	14.22%	12.88%	12.82%	12.26%	10.3%	9.88%	13.11%	28.77%	14.73%	11.18%	10.27%	17.11%	26.09%
Depreciation & Amortization	$69.62M	$90.56M	$96.33M	$94.55M	$96.27M	$80.27M	$64.57M	$51.48M	$42.42M	$35.61M	$31.52M	$26.14M	$23.96M	$21.80M	$19.20M	$15.80M	$12.30M	$9.100M	$8.100M	$7.200M	$7.800M
YoY Change	-23.13%	-5.99%	1.88%	-1.78%	19.93%	24.32%	25.44%	21.36%	19.1%	12.97%	20.58%	9.11%	9.92%	13.54%	21.52%	28.46%	35.16%	12.35%	12.5%	-7.69%
% of Gross Profit	12.85%	16.31%	13.83%	17.54%	15.88%	10.03%	8.1%	9.32%	8.62%	8.55%	9.27%	8.58%	9.31%	14.88%	29.86%	14.73%	14.47%	14.38%	23.89%	39.13%
Operating Expenses	$310.1M	$385.9M	$328.5M	$340.3M	$372.4M	$276.9M	$245.8M	$187.9M	$149.8M	$132.8M	$121.8M	$95.84M	$81.73M	$66.90M	$54.20M	$52.90M	$39.90M	$27.30M	$19.60M	$15.30M	$22.20M
YoY Change	-19.64%	17.47%	-3.47%	-8.61%	34.51%	12.64%	30.79%	25.42%	12.86%	9.04%	27.04%	17.26%	22.17%	23.43%	2.46%	32.58%	46.15%	39.29%	28.1%	-31.08%
Operating Profit	$231.6M	$169.5M	$367.9M	$198.7M	$233.8M	$523.4M	$551.1M	$364.3M	$342.0M	$283.8M	$218.1M	$208.9M	$175.5M	$79.60M	$10.10M	$54.40M	$45.10M	$36.00M	$14.30M	$3.100M	-$27.00M
YoY Change	36.62%	-53.93%	85.18%	-15.03%	-55.33%	-5.03%	51.27%	6.51%	20.54%	30.08%	4.43%	19.01%	120.51%	688.12%	-81.43%	20.62%	25.28%	151.75%	361.29%	-111.48%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	$43.09M	$12.62M	-$1.839M	$6.270M	$14.24M	$9.057M	$737.0K	$1.304M	-$301.0K	-$77.00K	-$1.000K	$319.0K	-$681.0K	-$400.0K	-$2.300M	$2.000M	$1.900M	-$1.500M	-$1.800M	-$2.200M	-$1.500M
YoY Change	241.45%	-786.24%	-129.33%	-55.96%	57.2%	1128.9%	-43.48%	-533.22%	290.91%	7600.0%	-100.31%	-146.84%	70.25%	-82.61%	-215.0%	5.26%	-226.67%	-16.67%	-18.18%	46.67%
% of Operating Profit	18.61%	7.45%	-0.5%	3.16%	6.09%	1.73%	0.13%	0.36%	-0.09%	-0.03%	0.0%	0.15%	-0.39%	-0.5%	-22.77%	3.68%	4.21%	-4.17%	-12.59%	-70.97%
Other Income/Expense, Net	$1.167M	$13.85M	-$1.402M	$7.033M	$14.58M	$10.99M	$759.0K	$2.252M	-$426.0K	$716.0K	$154.0K	$327.0K	-$938.0K	$0.00	$0.00	$100.0K	$600.0K	-$6.400M	-$500.0K	-$400.0K	-$2.000M
YoY Change	-91.57%	-1087.95%	-119.93%	-51.77%	32.69%	1347.96%	-66.3%	-628.64%	-159.5%	364.94%	-52.91%	-134.86%			-100.0%	-83.33%	-109.38%	1180.0%	25.0%	-80.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$274.9M	$183.4M	$366.5M	$205.7M	$248.4M	$146.9M	$190.5M	$103.8M	$94.24M	$72.80M	$59.01M	$58.96M	$42.64M	$79.30M	$7.800M	$56.60M	$47.60M	$28.10M	$11.90M	$500.0K	-$30.50M
YoY Change	49.92%	-49.97%	78.17%	-17.19%	69.13%	-22.9%	83.51%	10.14%	29.45%	23.38%	0.07%	38.29%	-46.23%	916.67%	-86.22%	18.91%	69.4%	136.13%	2280.0%	-101.64%
Income Tax	$56.00M	$72.59M	$88.62M	$45.35M	$68.12M	$130.2M	$204.3M	$105.8M	$99.59M	$84.03M	$62.52M	$61.47M	$53.58M	$24.90M	$2.500M	$18.10M	$15.50M	-$3.000M	$4.100M	-$1.600M	-$2.200M
% Of Pretax Income	20.37%	39.59%	24.18%	22.05%	27.42%	88.68%	107.25%	101.98%	105.67%	115.42%	105.96%	104.25%	125.65%	31.4%	32.05%	31.98%	32.56%	-10.68%	34.45%	-320.0%
Net Earnings	$218.9M	$109.9M	$278.4M	$159.6M	$180.2M	$404.0M	$347.6M	$260.8M	$242.2M	$200.4M	$155.8M	$145.0M	$117.8M	$54.00M	$5.400M	$36.70M	$29.90M	$29.20M	$7.400M	$2.000M	-$28.20M
YoY Change	99.14%	-60.52%	74.48%	-11.46%	-55.39%	16.23%	33.31%	7.68%	20.81%	28.67%	7.43%	23.14%	118.07%	900.0%	-85.29%	22.74%	2.4%	294.59%	270.0%	-107.09%
Net Earnings / Revenue	17.0%	7.69%	19.06%	13.29%	13.71%	27.68%	24.67%	25.92%	26.87%	26.04%	24.04%	25.78%	24.82%	18.04%	2.9%	16.02%	15.85%	20.39%	7.68%	3.29%	-83.68%
Basic Earnings Per Share	$4.64	$2.17	$5.21	$3.00	$3.40	$7.55	$6.50	$4.91	$4.60	$3.85	$3.02	$2.87	$2.48
Diluted Earnings Per Share	$4.63	$2.16	$5.16	$2.97	$3.35	$7.38	$6.36	$4.85	$4.53	$3.79	$2.97	$2.81	$2.41	$1.134M	$115.9K	$794.4K	$654.3K	$884.8K	$172.5K	$46.62K	-$657.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$1.177B	$1.178B	$1.515B	$1.391B	$1.183B	$1.045B	$1.116B	$830.6M	$689.1M	$522.2M	$448.8M	$384.1M	$205.7M	$147.9M	$82.90M	$51.30M	$44.90M	$75.70M	$8.400M	$2.500M
YoY Change	-0.01%	-22.25%	8.87%	17.63%	13.19%	-6.4%	34.38%	20.53%	31.96%	16.35%	16.84%	86.73%	39.08%	78.41%	61.6%	14.25%	-40.69%	801.19%	236.0%
Cash & Equivalents	$514.7M	$698.2M	$709.1M	$876.2M	$680.1M	$544.4M	$909.9M	$623.9M	$582.5M	$522.2M	$448.8M	$384.1M	$180.2M	$147.9M	$82.90M	$51.30M	$38.00M	$75.70M	$8.400M	$2.500M
Short-Term Investments	$662.8M	$479.4M	$805.4M	$514.8M	$502.5M	$500.4M	$206.3M	$206.8M	$106.6M				$25.50M	$0.00		$0.00	$7.000M	$0.00
Other Short-Term Assets	$64.25M	$87.98M	$101.0M	$127.7M	$94.70M	$101.5M	$92.90M	$75.40M	$59.30M	$57.60M	$61.00M	$44.60M	$36.00M	$25.10M	$14.80M	$15.40M	$16.40M	$16.30M	$5.500M	$3.700M
YoY Change	-26.98%	-12.86%	-20.94%	34.85%	-6.7%	9.26%	23.21%	27.15%	2.95%	-5.57%	36.77%	23.89%	43.43%	69.59%	-3.9%	-6.1%	0.61%	196.36%	48.65%
Inventory	$453.9M	$509.4M	$460.7M	$365.0M	$380.8M	$403.6M	$307.7M	$239.0M	$203.7M	$171.0M	$172.7M	$139.6M	$117.0M	$72.50M	$52.90M	$72.60M	$60.40M	$42.20M	$26.50M	$29.60M
Prepaid Expenses
Receivables	$219.1M	$211.3M	$271.5M	$264.3M	$238.5M	$255.5M	$237.3M	$155.9M	$150.5M	$143.1M	$103.8M	$96.60M	$75.80M	$55.40M	$30.40M	$41.80M	$33.90M	$22.40M	$15.40M	$10.80M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.915B	$1.986B	$2.348B	$2.148B	$1.897B	$1.805B	$1.754B	$1.301B	$1.103B	$893.8M	$786.3M	$665.0M	$434.5M	$300.8M	$180.9M	$181.0M	$155.7M	$156.4M	$55.80M	$46.70M
YoY Change	-3.61%	-15.39%	9.29%	13.26%	5.05%	2.93%	34.82%	17.99%	23.36%	13.67%	18.24%	53.05%	44.45%	66.28%	-0.06%	16.25%	-0.45%	180.29%	19.49%
Property, Plant & Equipment	$602.3M	$580.6M	$657.0M	$619.2M	$623.9M	$543.1M	$460.2M	$379.4M	$288.6M	$275.1M	$252.2M	$210.6M	$155.2M	$120.7M	$111.5M	$114.5M	$96.40M	$67.20M	$51.00M	$46.00M
YoY Change	3.74%	-11.63%	6.1%	-0.75%	14.88%	18.01%	21.3%	31.46%	4.91%	9.08%	19.75%	35.7%	28.58%	8.25%	-2.62%	18.78%	43.45%	31.76%	10.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$117.2M	$104.0M	$74.58M	$64.90M	$53.60M	$38.10M	$46.00M	$61.00M	$49.80M	$32.30M	$12.60M	$9.600M	$12.30M	$13.20M	$16.50M	$12.60M	$11.30M	$8.800M	$2.300M	$11.60M
YoY Change	12.7%	39.45%	14.92%	21.08%	40.68%	-17.17%	-24.59%	22.49%	54.18%	156.35%	31.25%	-21.95%	-6.82%	-20.0%	30.95%	11.5%	28.41%	282.61%	-80.17%
Total Long-Term Assets	$784.2M	$757.0M	$822.9M	$787.6M	$833.8M	$769.1M	$613.3M	$489.0M	$350.8M	$317.1M	$274.9M	$230.5M	$173.6M	$141.1M	$131.7M	$132.2M	$107.6M	$76.10M	$59.70M	$63.80M
YoY Change	3.6%	-8.0%	4.48%	-5.54%	8.41%	25.4%	25.42%	39.4%	10.63%	15.35%	19.26%	32.78%	23.03%	7.14%	-0.38%	22.86%	41.39%	27.47%	-6.43%
Total Assets	$2.699B	$2.743B	$3.171B	$2.936B	$2.730B	$2.575B	$2.367B	$1.790B	$1.453B	$1.211B	$1.061B	$895.5M	$608.1M	$441.9M	$312.6M	$313.2M	$263.3M	$232.5M	$115.5M	$110.5M
YoY Change
Accounts Payable	$28.62M	$46.23M	$55.84M	$25.70M	$27.30M	$36.30M	$35.10M	$28.00M	$26.30M	$17.10M	$18.80M	$17.80M	$11.10M	$9.500M	$5.600M	$7.700M	$9.400M	$7.600M	$5.200M	$3.200M
YoY Change	-38.1%	-17.2%	117.27%	-5.86%	-24.79%	3.42%	25.36%	6.46%	53.8%	-9.04%	5.62%	60.36%	16.84%	69.64%	-27.27%	-18.09%	23.68%	46.15%	62.5%
Accrued Expenses	$181.4M	$202.8M	$126.5M	$92.90M	$77.30M	$83.20M	$88.30M	$59.50M	$48.50M	$41.20M	$33.50M	$29.80M	$27.60M	$23.00M	$9.200M	$10.90M	$9.000M	$13.90M	$9.900M	$7.200M
YoY Change	-10.56%	60.27%	36.18%	20.18%	-7.09%	-5.78%	48.4%	22.68%	17.72%	22.99%	12.42%	7.97%	20.0%	150.0%	-15.6%	21.11%	-35.25%	40.4%	37.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.600M	$3.300M	$2.400M	$7.100M	$6.800M	$6.000M	$19.80M	$11.20M	$2.600M	$8.700M	$8.300M
YoY Change									-100.0%	-21.21%	37.5%	-66.2%	4.41%	13.33%	-69.7%	76.79%	330.77%	-70.11%	4.82%
Long-Term Debt Due	$0.00	$16.03M	$18.13M	$3.800M	$3.700M	$3.700M	$3.600M	$3.200M	$2.000M	$13.30M	$1.300M	$1.500M	$1.600M	$1.300M	$1.300M	$1.300M	$0.00	$8.300M	$10.40M	$6.000M
YoY Change	-100.0%	-11.56%	377.0%	2.7%	0.0%	2.78%	12.5%	60.0%	-84.96%	923.08%	-13.33%	-6.25%	23.08%	0.0%	0.0%		-100.0%	-20.19%	73.33%
Total Short-Term Liabilities	$214.9M	$274.6M	$313.4M	$214.6M	$191.9M	$245.8M	$198.9M	$158.3M	$141.8M	$122.1M	$100.1M	$125.5M	$93.70M	$82.80M	$36.80M	$49.00M	$34.50M	$40.80M	$34.30M	$25.70M
YoY Change	-21.77%	-12.37%	46.05%	11.83%	-21.93%	23.58%	25.65%	11.64%	16.13%	21.98%	-20.24%	33.94%	13.16%	125.0%	-24.9%	42.03%	-15.44%	18.95%	33.46%
Long-Term Debt	$0.00	$0.00	$16.03M	$34.20M	$38.00M	$41.70M	$45.40M	$37.60M	$17.70M	$19.70M	$11.30M	$14.00M	$15.70M	$15.60M	$16.70M	$18.00M	$20.00M	$30.10M	$15.60M	$25.50M
YoY Change		-100.0%	-53.13%	-10.0%	-8.87%	-8.15%	20.74%	112.43%	-10.15%	74.34%	-19.29%	-10.83%	0.64%	-6.59%	-7.22%	-10.0%	-33.55%	92.95%	-38.82%
Other Long-Term Liabilities	$67.14M	$19.93M	$21.21M	$18.40M	$20.40M													$0.00	$14.60M	$13.90M
YoY Change	236.92%	-6.05%	15.28%	-9.8%														-100.0%	5.04%
Total Long-Term Liabilities	$67.14M	$0.00	$37.24M	$52.60M	$58.40M	$41.70M	$45.40M	$37.60M	$17.70M	$19.70M	$11.30M	$14.00M	$15.70M	$15.60M	$16.70M	$18.00M	$20.00M	$30.10M	$30.20M	$39.40M
YoY Change		-100.0%	-29.2%	-9.93%	40.05%	-8.15%	20.74%	112.43%	-10.15%	74.34%	-19.29%	-10.83%	0.64%	-6.59%	-7.22%	-10.0%	-33.55%	-0.33%	-23.35%
Total Liabilities	$283.5M	$357.9M	$424.0M	$342.9M	$328.7M	$368.9M	$344.9M	$232.4M	$193.9M	$164.3M	$133.2M	$152.6M	$164.8M	$125.3M	$56.20M	$75.00M	$63.10M	$73.90M	$65.60M	$65.60M
YoY Change	-20.79%	-15.58%	23.64%	4.32%	-10.9%	6.96%	48.41%	19.86%	18.02%	23.35%	-12.71%	-7.4%	31.52%	122.95%	-25.07%	18.86%	-14.61%	12.65%	0.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	47.15M shares	50.76M shares	53.41M shares	53.19M shares	53.06M shares	53.52M shares	53.50M shares	53.07M shares	52.68M shares	52.10M shares	51.55M shares	50.48M shares	47.37M shares
Diluted Shares Outstanding	47.32M shares	50.92M shares	53.93M shares	53.78M shares	53.84M shares	54.73M shares	54.70M shares	53.80M shares	53.43M shares	52.82M shares	52.38M shares	51.54M shares	48.69M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.2592 Billion

About IPG PHOTONICS CORP

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. The company is headquartered in Marlborough, Massachusetts and currently employs 6,180 full-time employees. The company went IPO on 2006-12-13. Its portfolio of laser solutions is used in materials processing, medical, advanced applications and communications. The company designs and manufactures components used in its finished products, from semiconductor diodes to optical fiber preforms, finished fiber lasers and complementary products. The company also manufactures and sells complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors and chillers. The company offers laser-based and non-laser-based systems for certain markets and applications. The company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The company markets its products internationally, primarily through its direct sales force. Its manufacturing facilities are located in the United States and Germany.

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