$IPGP Market Cap: $3.259 Billion
Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue
$742.8M
TTM
Gross Margin
33.08%
TTM
Net Earnings
-$189.3M
TTM
Current Assets
$1.431B
Q4 2024
Current Liabilities
$205.0M
Q4 2024
Current Ratio
697.98%
Q4 2024
Total Assets
$2.289B
Q4 2024
Total Liabilities
$264.8M
Q4 2024
Book Value
$2.024B
Q4 2024
Cash
$620.0M
Q4 2024
P/E
-17.21
Nov 29, 2024 EST
Free Cash Flow
$98.75M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $977.1M $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 -24.1% -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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $977.1M $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 $639.0M $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 $338.2M $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 34.61% 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Selling, General & Admin $213.9M $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 3.95% -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 63.25% 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 $109.8M $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 11.22% -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 32.47% 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 $61.44M $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 -11.75% -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 18.17% 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 $546.4M $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 76.19% -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 -$208.3M $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 -189.93% 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Interest Expense $45.47M $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 5.51% 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 $46.37M $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 3873.09% -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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Pretax Income -$161.9M $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 -158.9% 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 $19.64M $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 -$181.5M $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 -182.93% 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 -18.58% 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 -$4.09 $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 -$4.09 $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

No data

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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
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

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Basic Shares Outstanding 44.34M shares 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 44.34M shares 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

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.

Industry: Semiconductors & Related Devices Peers: BENCHMARK ELECTRONICS INC CTS CORP JABIL INC Kimball Electronics, Inc. METHODE ELECTRONICS INC NETLIST INC PLEXUS CORP SANMINA CORP TTM TECHNOLOGIES INC