MARKETS / NASDAQ / IPGP

NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

IPG Photonics Corp. IPGP

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.0B

▲ 2.7% YoY

Net income

$31.1M

Free cash flow

$-3.5M

▼ 102.3% YoY

In brief

What this company does

IPG Photonics Corporation develops, manufactures and sells fiber lasers, fiber amplifiers, diode lasers and laser-based systems that are used for diverse applications in materials processing, medical and advanced applications. Its major manufacturing facilities are located in the United States and Germany, and it has sales service offices and applications laboratories worldwide. As of December 31, 2025, the company had approximately 4,840 full-time employees, distributed across more than thirty locations in twenty-four countries. The company broadly classifies its principal end markets as materials processing, medical procedures and advanced applications. Materials processing accounted for $860,191 thousand, or 85.7%, of net sales for the year ended December 31, 2025. The company began operations in 1990 and was incorporated in Delaware in 1998.

Written from the business description in IPG PHOTONICS CORP's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.0B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.0 · Net income 0.0

Compound annual growth

Revenue

−11.1%

−3.5%

+1.1%

+8.4%

Net income

−34.4%

−27.9%

−18.6%

−3.6%

EPS, diluted

−30.3%

−24.5%

−16.7%

−2.9%

Returned to shareholders

−52.7%

+6.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −3.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 1.3% · Net 3.1%

ROE

FY2025 · ROE 1.5%

Gross margin38.0%

Operating margin1.3%

Net margin3.1%

Return on assets1.3%

EBITDAUSD 80.0M

Each USD of equity produced 1 cents of profit this year.

Cash & shareholders

USD 52.3M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -3.5

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 52.3

Dividends paid—

Net buybacksUSD 52.3M

Share of profit168.3%

Consecutive raises—

USD 52.3M in buybacks — 168% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.4B

EquityUSD 2.1B

CashUSD 403.8M

Current ratio6.08×

Equity funds 88% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	1.0	1.0	1.3	1.4	1.5	1.2	1.3	1.5	1.4	1.0	0.9	0.8	0.6	0.6	0.5	0.3	0.2
Operating income $B	0.0	−0.2	0.2	0.2	0.4	0.2	0.2	0.5	0.6	0.4	0.3	0.3	0.2	0.2	0.2	0.1	0.0
EBITDA $B	0.1	−0.1	0.3	0.3	0.5	0.3	0.3	0.6	0.6	0.4	0.4	0.3	0.2	0.2	0.2	0.1	0.0
Income tax $B	0.0	0.0	0.1	0.1	0.1	0.0	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0
Net income $B	0.0	−0.2	0.2	0.1	0.3	0.2	0.2	0.4	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.0
Free cash flow $B	−0.0	0.1	0.2	0.1	0.3	0.2	0.2	0.2	0.3	0.2	0.2	0.1	0.0	0.1	0.0	0.0	0.0
EPS, diluted $	0.73	−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	1.13	0.12
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	23	·	·	·
ROE %	1.5	−8.2	9.1	4.3	10.4	6.4	7.8	19.1	19.4	18.5	21.0	20.3	18.6	24.4	31.0	18.8	2.1
Shares out B	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySemiconductors & Related Devices

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009