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IPGP · Nasdaq · United States · Semiconductors & Related Devices
In shortIPG PHOTONICS CORP is profitable.
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 1.3% | 21/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.1% | 32/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 1.5% | 7/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 6.08× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 14.36 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -0.3% | 19/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.11× | 0/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 16.8% | 49/100 |
| Operating margin volatility | 18.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -11.1% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -30.3% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,461 | 1,430 | 1,287 | 977 | 1,004 |
| Cost of revenue | 764 | 874 | 746 | 639 | 622 |
| Gross profit | 696 | 555 | 542 | 338 | 381 |
| Research & development | 140 | 116 | 99 | 110 | 117 |
| Operating income | 368 | 170 | 232 | (208) | 13 |
| Pre-tax income | 366 | 183 | 275 | (162) | 45 |
| Income tax | 89 | 73 | 56 | 20 | 14 |
| Net income | 278 | 110 | 219 | (182) | 31 |
| Diluted EPS | $5.16 | $2.16 | $4.63 | −$4.09 | $0.73 |
| Diluted shares (millions) | 54 | 51 | 47 | 44 | 43 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of IPG PHOTONICS CORP are included in the Investor plan. Try free for 7 days →
14.36 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 4, 2026