IPG Photonics financials
$78.52+1.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $977.1M | $1.29B | $1.43B | $1.46B | $1.20B | $1.31B | $1.46B | $1.41B | $1.01B |
| Gross profit | $381.5M | $338.2M | $541.7M | $555.4M | $696.4M | $539.0M | $606.2M | $800.3M | $796.9M | $552.2M |
| Gross margin | 38.0% | 34.6% | 42.1% | 38.9% | 47.7% | 44.9% | 46.1% | 54.8% | 56.6% | 54.9% |
| Operating income | $22.5M | -$12.5M | $230.6M | $141.8M | $352.8M | $185.7M | $246.6M | $517.3M | $565.6M | $368.8M |
| Net income | $31.1M | -$181.5M | $218.9M | $109.9M | $278.4M | $159.6M | $180.2M | $404.0M | $347.6M | $260.8M |
| Net margin | 3.1% | −18.6% | 17.0% | 7.7% | 19.1% | 13.3% | 13.7% | 27.7% | 24.7% | 25.9% |
| Diluted EPS | $0.73 | $-4.09 | $4.63 | $2.16 | $5.16 | $2.97 | $3.35 | $7.38 | $6.36 | $4.85 |
| EBITDA | $89.9M | $75.9M | $301.2M | $322.0M | $449.1M | $326.1M | $387.1M | $597.5M | $630.1M | $420.3M |
| Operating cash flow | $75.3M | $247.9M | $296.0M | $212.6M | $389.7M | $285.3M | $323.5M | $393.3M | $405.4M | $297.7M |
| Free cash flow | -$3.5M | $149.4M | $185.5M | $102.5M | $266.6M | $197.6M | $190.0M | $233.0M | $278.9M | $170.7M |
| Diluted shares | 42.6M | 44.3M | 47.3M | 50.9M | 53.9M | 53.8M | 53.8M | 54.7M | 54.7M | 53.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $403.8M | $620.0M | $514.7M | $698.2M | $709.1M | $876.2M |
| Short-term investments | $435.5M | $310.2M | $662.8M | $479.4M | $805.4M | $514.8M |
| Total debt | $0.00 | $0.00 | $0.00 | $16.0M | $34.2M | $38.0M |
| Total assets | $2.42B | $2.29B | $2.70B | $2.74B | $3.17B | $2.94B |
| Total liabilities | $296.1M | $264.8M | $283.5M | $357.9M | $423.3M | $341.6M |
| Shareholders' equity | $2.13B | $2.02B | $2.42B | $2.39B | $2.75B | $2.59B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology