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NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

IPG Photonics Corp. IPGP

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.0B
▲ 2.7% YoY
$31.1M
$-3.5M
▼ 102.3% YoY

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

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
1.0B2.0B-0.1B-0.2B
2009201220152018202120242025
Compound annual growth
−11.1%
−3.5%
+1.1%
+8.4%
−34.4%
−27.9%
−18.6%
−3.6%
−30.3%
−24.5%
−16.7%
−2.9%
−52.7%
+6.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.5% a year over the five years to FY2025.

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%
10%20%30%-10%-20%
200920172025
ROE
FY2025 · ROE 1.5%
10%20%30%-5%
200920172025
Three returns, three denominators.
Gross margin38.0%
Operating margin1.3%
Net margin3.1%
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
100M200M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 52.3
200M400M
2012201520172019202120232025
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—not applicable◌not available in our data
IPGP, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.01.01.31.41.51.21.31.51.41.00.90.80.60.60.50.30.2
Operating income $B0.0−0.20.20.20.40.20.20.50.60.40.30.30.20.20.20.10.0
EBITDA $B0.1−0.10.30.30.50.30.30.60.60.40.40.30.20.20.20.10.0
Income tax $B0.00.00.10.10.10.00.10.10.20.10.10.10.10.10.10.00.0
Net income $B0.0−0.20.20.10.30.20.20.40.30.30.20.20.20.10.10.10.0
Free cash flow $B−0.00.10.20.10.30.20.20.20.30.20.20.10.00.10.00.00.0
EPS, diluted $0.73−4.094.632.165.162.973.357.386.364.854.533.792.972.812.411.130.12
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %—————————————23———
ROE %1.5−8.29.14.310.46.47.819.119.418.521.020.318.624.431.018.82.1
Shares out B0.040.040.050.050.050.050.050.050.050.050.050.050.050.050.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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