IPG Photonics (IPGP) Financials

$54.95 -8.18 (-12.96%)

Closing price 03:59 PM Eastern

Extended Trading

$54.88 -0.07 (-0.13%)

As of 07:15 PM Eastern

Annual Income Statements for IPG Photonics

This table shows IPG Photonics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	242	261	348	404	180	160	278	110	219	-182
Consolidated Net Income / (Loss)	242	261	348	404	180	160	278	111	219	-182
Net Income / (Loss) Continuing Operations	242	261	348	404	180	160	278	111	219	-182
Total Pre-Tax Income	342	367	552	534	248	206	366	183	275	-162
Total Operating Income	342	364	551	523	234	199	368	170	232	-208
Total Gross Profit	492	552	797	800	606	539	696	555	542	338
Total Revenue	901	1,006	1,409	1,460	1,315	1,201	1,461	1,430	1,287	977
Operating Revenue	901	1,006	1,409	1,460	1,315	1,201	1,461	1,430	1,287	977
Total Cost of Revenue	409	454	612	660	708	662	764	874	746	639
Operating Cost of Revenue	409	454	612	660	708	662	764	874	746	639
Total Operating Expenses	150	188	246	277	372	340	329	386	311	546
Selling, General & Admin Expense	57	66	81	102	108	110	126	131	126	124
Marketing Expense	32	38	50	58	78	71	78	77	86	90
Research & Development Expense	63	79	101	123	130	127	140	116	99	110
Other Operating Expenses / (Income)	-2.56	4.50	14	-6.15	13	-13	-15	4.10	-	5.52
Impairment Charge	-	-	0.00	0.00	37	45	0.00	80	1.24	27
Restructuring Charge	-	-	0.00	0.00	7.13	0.51	0.00	9.70	-0.29	0.00
Other Special Charges / (Income)	-	-	-	-	-	0.00	0.00	-32	0.00	190
Total Other Income / (Expense), net	-0.43	2.25	0.76	11	15	7.03	-1.40	14	43	46
Interest & Investment Income	-0.30	1.30	0.74	9.06	14	6.27	-1.84	13	42	45
Other Income / (Expense), net	-0.13	0.95	0.02	1.93	0.35	0.76	0.44	1.23	1.36	0.90
Income Tax Expense	100	106	204	130	68	45	89	73	56	20
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.13	-0.04	-0.03	0.14	0.03	0.77	-0.55	0.85	0.00	0.00
Basic Earnings per Share	$4.60	$4.91	$6.50	$7.55	$3.40	$3.00	$5.21	$2.17	$4.64	($4.09)
Weighted Average Basic Shares Outstanding	52.68M	53.07M	53.50M	53.52M	53.06M	53.19M	53.41M	50.76M	47.15M	44.34M
Diluted Earnings per Share	$4.53	$4.85	$6.36	$7.38	$3.35	$2.97	$5.16	$2.16	$4.63	($4.09)
Weighted Average Diluted Shares Outstanding	53.43M	53.80M	54.70M	54.73M	53.84M	53.78M	53.93M	50.92M	47.32M	44.34M
Weighted Average Basic & Diluted Shares Outstanding	52.60M	53.10M	53.50M	53.50M	53.06M	53.53M	52.94M	47.63M	46.10M	42.55M

This table shows IPG Photonics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	76	-93	60	62	55	41	24	20	-234	7.82
Consolidated Net Income / (Loss)	77	-93	60	62	55	41	24	20	-234	7.82
Net Income / (Loss) Continuing Operations	77	-93	60	62	55	41	24	20	-234	7.82
Total Pre-Tax Income	97	-80	83	82	68	42	34	25	-243	22
Total Operating Income	93	-88	75	72	56	29	19	12	-253	14
Total Gross Profit	150	61	147	148	133	114	98	96	54	90
Total Revenue	349	334	347	340	301	299	252	258	233	234
Operating Revenue	349	334	347	340	301	299	252	258	233	234
Total Cost of Revenue	199	273	200	192	168	185	154	161	179	144
Operating Cost of Revenue	199	273	200	192	168	185	154	161	179	144
Total Operating Expenses	57	149	72	76	77	87	78	84	307	76
Selling, General & Admin Expense	34	33	30	30	31	35	31	32	33	29
Marketing Expense	19	18	21	20	22	22	23	22	22	22
Research & Development Expense	25	27	23	24	25	28	29	27	27	26
Other Operating Expenses / (Income)	-22	14	-2.66	1.31	-0.45	-	-5.10	2.57	1.15	6.91
Total Other Income / (Expense), net	3.93	8.44	7.86	9.55	12	14	15	13	11	8.06
Interest & Investment Income	3.63	7.89	7.53	9.26	12	13	14	13	11	7.41
Other Income / (Expense), net	0.84	0.01	0.33	0.29	0.55	0.20	0.33	0.19	-0.27	0.65
Income Tax Expense	20	13	23	19	13	0.73	9.50	4.86	-8.92	14
Basic Earnings per Share	$1.48	($1.73)	$1.26	$1.32	$1.16	$0.90	$0.52	$0.45	($5.33)	$0.27
Weighted Average Basic Shares Outstanding	51.63M	50.76M	47.54M	47.32M	47.24M	47.15M	45.96M	44.92M	43.84M	44.34M
Diluted Earnings per Share	$1.47	($1.72)	$1.26	$1.31	$1.16	$0.90	$0.52	$0.45	($5.33)	$0.27
Weighted Average Diluted Shares Outstanding	51.74M	50.92M	47.78M	47.45M	47.39M	47.32M	46.17M	45.01M	43.84M	44.34M
Weighted Average Basic & Diluted Shares Outstanding	48.71M	47.63M	47.31M	47.37M	46.92M	46.10M	45.57M	44.23M	43.25M	42.55M

This table details how cash moves in and out of IPG Photonics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	60	41	231	-366	139	196	-169	-11	-184	105
Net Cash From Operating Activities	263	298	405	393	324	285	390	213	296	248
Net Cash From Continuing Operating Activities	263	298	405	393	324	285	390	213	296	248
Net Income / (Loss) Continuing Operations	242	261	348	404	180	160	278	111	219	-182
Consolidated Net Income / (Loss)	242	261	348	404	180	160	278	111	219	-182
Depreciation Expense	42	51	65	80	96	95	96	91	70	61
Amortization Expense	-	-	-	-	-	-	2.50	-4.56	-25	-18
Non-Cash Adjustments To Reconcile Net Income	54	73	77	61	154	140	104	246	101	350
Changes in Operating Assets and Liabilities, net	-75	-88	-84	-152	-107	-110	-91	-230	-68	36
Net Cash From Investing Activities	-182	-274	-171	-563	-140	-100	-416	297	-238	209
Net Cash From Continuing Investing Activities	-182	-274	-171	-563	-140	-100	-416	297	-238	209
Purchase of Property, Plant & Equipment	-70	-127	-127	-160	-134	-88	-123	-110	-110	-99
Acquisitions	-4.96	-48	-60	-109	-15	-0.43	0.00	-2.00	0.00	-67
Purchase of Investments	-107	-300	-212	-765	-760	-1,112	-1,941	-1,117	-1,233	-713
Sale of Property, Plant & Equipment	0.16	0.66	16	1.03	0.66	0.89	1.41	27	31	29
Divestitures	-	-	-	-	-	0.00	0.00	53	0.00	-25
Sale and/or Maturity of Investments	0.00	199	213	470	768	1,099	1,648	1,446	1,074	1,083
Other Investing Activities, net	0.09	0.47	-0.35	0.42	0.24	-0.01	-1.52	-0.04	0.56	0.43
Net Cash From Financing Activities	-1.54	27	-3.37	-167	-37	-10	-125	-515	-236	-340
Net Cash From Continuing Financing Activities	-1.54	27	-3.37	-167	-37	-10	-125	-515	-236	-340
Repayment of Debt	-29	-11	-27	-3.86	-3.69	-3.74	-3.81	-18	-16	0.00
Repurchase of Common Equity	0.00	-8.95	-40	-176	-41	-38	-135	-500	-223	-344
Issuance of Common Equity	14	16	29	13	7.34	33	16	5.58	3.15	4.20
Other Financing Activities, net	0.00	-0.95	-	0.00	0.00	-1.65	-2.63	-2.50	0.00	0.00
Effect of Exchange Rate Changes	-20	-9.41	-	-29	-	20	-18	-5.95	-5.59	-12
Cash Interest Paid	0.87	0.94	2.58	3.05	2.68	2.23	2.71	3.21	1.28	0.28
Cash Income Taxes Paid	91	127	156	113	117	86	63	113	63	41

This table details how cash moves in and out of IPG Photonics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	97	-171	-177	52	-45	-14	-18	224	163	-264
Net Cash From Operating Activities	76	42	37	67	86	106	55	53	66	74
Net Cash From Continuing Operating Activities	76	42	37	67	86	106	55	53	66	74
Net Income / (Loss) Continuing Operations	77	-93	60	62	55	41	24	20	-234	7.82
Consolidated Net Income / (Loss)	77	-93	60	62	55	41	24	20	-234	7.82
Depreciation Expense	23	21	18	17	17	17	16	15	15	15
Amortization Expense	-	-	-5.32	-5.72	-6.72	-7.34	-7.22	-5.79	-2.67	-1.98
Non-Cash Adjustments To Reconcile Net Income	4.49	166	26	25	20	30	18	25	283	24
Changes in Operating Assets and Liabilities, net	-28	-47	-61	-33	0.57	25	3.42	-0.77	4.55	29
Net Cash From Investing Activities	127	-111	-96	5.48	-72	-75	24	285	163	-263
Net Cash From Continuing Investing Activities	127	-111	-96	5.48	-72	-75	24	285	163	-263
Purchase of Property, Plant & Equipment	-25	-26	-33	-26	-26	-25	-28	-24	-23	-23
Purchase of Investments	-331	-202	-344	-240	-315	-334	-227	-75	-122	-290
Sale of Property, Plant & Equipment	0.19	26	1.60	0.14	29	0.82	25	3.01	0.26	0.04
Sale and/or Maturity of Investments	430	90	279	270	240	284	253	381	332	117
Other Investing Activities, net	0.10	0.20	0.11	0.22	0.12	0.11	0.16	0.03	0.20	0.04
Net Cash From Financing Activities	-89	-114	-117	-13	-46	-60	-91	-119	-74	-55
Net Cash From Continuing Financing Activities	-89	-114	-117	-13	-46	-60	-91	-119	-74	-55
Repurchase of Common Equity	-71	-117	-113	0.06	-46	-64	-90	-122	-74	-57
Issuance of Common Equity	0.27	3.23	-3.84	3.11	0.30	3.58	-1.16	2.95	0.08	2.33
Effect of Exchange Rate Changes	-16	12	-1.10	-7.65	-12	15	-5.78	5.18	9.02	-20
Cash Interest Paid	1.17	0.45	0.53	0.42	0.16	0.17	0.00	0.09	0.00	0.18
Cash Income Taxes Paid	22	29	19	39	-3.18	7.92	8.01	26	4.74	1.73

This table presents IPG Photonics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,453	1,790	2,367	2,574	2,730	2,936	3,171	2,743	2,699	2,289
Total Current Assets	1,103	1,301	1,754	1,805	1,897	2,148	2,348	1,986	1,915	1,431
Cash & Equivalents	583	624	910	544	680	876	709	698	515	620
Short-Term Investments	107	207	206	500	503	515	805	479	663	310
Accounts Receivable	150	156	237	256	238	264	262	211	219	171
Inventories, net	204	239	308	404	381	365	461	509	454	285
Prepaid Expenses	26	41	48	58	56	58	73	47	38	27
Current Deferred & Refundable Income Taxes	34	34	45	44	39	70	37	41	26	18
Plant, Property, & Equipment, net	289	379	460	543	601	598	635	581	602	588
Total Noncurrent Assets	62	110	153	226	233	190	188	176	182	270
Goodwill	0.51	20	56	101	82	41	39	38	39	67
Intangible Assets	12	29	51	87	74	62	53	34	26	55
Noncurrent Deferred & Refundable Income Taxes	30	42	27	19	31	43	48	75	89	115
Other Noncurrent Operating Assets	20	19	19	19	45	43	49	29	28	32
Total Liabilities & Shareholders' Equity	1,453	1,790	2,367	2,574	2,730	2,936	3,171	2,743	2,699	2,289
Total Liabilities	193	232	345	368	328	342	423	358	284	265
Total Current Liabilities	142	158	199	246	192	215	313	275	215	205
Accounts Payable	26	28	35	36	27	26	56	46	29	35
Accrued Expenses	76	102	144	155	150	177	231	203	181	152
Current Deferred & Payable Income Tax Liabilities	38	25	16	51	11	8.28	8.64	9.62	4.89	18
Total Noncurrent Liabilities	51	74	146	122	136	127	110	83	69	60
Noncurrent Deferred & Payable Income Tax Liabilities	-	36	101	81	98	93	94	83	69	60
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,261	1,558	2,022	2,206	2,402	2,594	2,747	2,385	2,415	2,024
Total Preferred & Common Equity	1,260	1,558	2,022	2,206	2,402	2,593	2,747	2,385	2,415	2,024
Total Common Equity	1,260	1,558	2,022	2,206	2,402	2,593	2,747	2,385	2,415	2,024
Common Stock	608	651	705	745	786	854	908	951	994	1,035
Retained Earnings	833	1,094	1,444	1,849	2,029	2,188	2,467	2,577	2,795	2,614
Treasury Stock	0.00	-8.95	-49	-225	-266	-304	-439	-938	-1,162	-1,505
Accumulated Other Comprehensive Income / (Loss)	-181	-179	-77	-163	-147	-146	-190	-205	-213	-119

This table presents IPG Photonics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	2,963	2,671	2,696	2,673	2,598	2,495	2,355
Total Current Assets	2,119	1,916	1,924	1,920	1,830	1,718	1,570
Cash & Equivalents	869	521	573	528	496	721	884
Short-Term Investments	365	548	523	605	644	343	135
Accounts Receivable	195	237	231	230	184	176	164
Inventories, net	556	506	491	480	432	401	321
Prepaid Expenses	84	56	54	45	49	47	40
Current Deferred & Refundable Income Taxes	49	47	51	33	25	30	27
Plant, Property, & Equipment, net	662	594	609	582	586	593	590
Total Noncurrent Assets	182	161	163	170	183	184	195
Goodwill	38	38	38	38	38	38	38
Intangible Assets	36	32	30	28	25	23	22
Noncurrent Deferred & Refundable Income Taxes	69	59	70	80	84	89	106
Other Noncurrent Operating Assets	38	32	25	25	35	34	28
Total Liabilities & Shareholders' Equity	2,963	2,671	2,696	2,673	2,598	2,495	2,355
Total Liabilities	382	333	298	289	258	242	241
Total Current Liabilities	296	250	228	220	192	190	194
Accounts Payable	55	41	37	33	27	26	40
Accrued Expenses	200	190	184	175	163	161	151
Current Deferred & Payable Income Tax Liabilities	25	3.10	6.61	12	2.44	3.02	3.82
Total Noncurrent Liabilities	86	83	70	69	66	52	46
Noncurrent Deferred & Payable Income Tax Liabilities	86	83	70	69	66	52	46
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,581	2,339	2,399	2,384	2,341	2,253	2,115
Total Preferred & Common Equity	2,581	2,339	2,399	2,384	2,341	2,253	2,115
Total Common Equity	2,581	2,339	2,399	2,384	2,341	2,253	2,115
Common Stock	939	957	970	978	1,003	1,014	1,025
Retained Earnings	2,669	2,637	2,699	2,754	2,819	2,840	2,606
Treasury Stock	-821	-1,051	-1,051	-1,098	-1,251	-1,374	-1,448
Accumulated Other Comprehensive Income / (Loss)	-207	-204	-219	-251	-230	-227	-69

This table displays calculated financial ratios and metrics derived from IPG Photonics' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.07%	11.64%	40.02%	3.62%	-9.95%	-8.66%	21.66%	-2.14%	-9.94%	-24.10%
EBITDA Growth	20.04%	8.43%	47.74%	-1.64%	-45.44%	-11.03%	58.91%	-45.04%	8.22%	-158.87%
EBIT Growth	20.16%	6.83%	50.89%	-4.68%	-55.43%	-14.83%	84.69%	-53.65%	36.66%	-188.87%
NOPAT Growth	21.20%	6.93%	33.96%	14.04%	-57.14%	-8.74%	80.12%	-63.29%	80.40%	-178.92%
Net Income Growth	20.74%	7.72%	33.32%	16.28%	-55.40%	-11.05%	73.30%	-60.14%	97.61%	-182.93%
EPS Growth	19.53%	7.06%	31.13%	16.04%	-54.61%	-11.34%	73.74%	-58.14%	114.35%	-188.34%
Operating Cash Flow Growth	46.29%	12.99%	36.18%	-2.98%	-17.74%	-11.80%	36.58%	-45.43%	39.19%	-16.25%
Free Cash Flow Firm Growth	56.35%	-60.97%	93.98%	-9.82%	-20.26%	52.55%	44.30%	-42.52%	17.30%	-101.26%
Invested Capital Growth	5.57%	29.89%	24.38%	26.35%	4.53%	-1.63%	2.08%	-3.40%	1.15%	-11.60%
Revenue Q/Q Growth	1.83%	5.95%	6.09%	-2.08%	-1.75%	2.56%	1.94%	-2.12%	-2.62%	-6.20%
EBITDA Q/Q Growth	1.31%	6.60%	8.24%	-7.40%	-22.13%	28.16%	5.20%	-41.44%	46.80%	-7.17%
EBIT Q/Q Growth	0.83%	6.81%	8.36%	-8.94%	-29.14%	48.32%	5.67%	-50.42%	101.35%	-7.34%
NOPAT Q/Q Growth	1.96%	5.44%	-5.82%	4.86%	-31.44%	55.83%	6.12%	-61.35%	190.75%	-7.66%
Net Income Q/Q Growth	1.79%	5.87%	-6.00%	5.90%	-30.68%	50.75%	5.94%	-58.81%	158.86%	-22.72%
EPS Q/Q Growth	1.57%	5.90%	-6.33%	6.34%	-30.64%	50.76%	5.95%	-57.56%	130.35%	-18.21%
Operating Cash Flow Q/Q Growth	5.13%	12.46%	1.68%	1.16%	5.51%	-13.52%	-0.20%	-16.79%	27.83%	-11.52%
Free Cash Flow Firm Q/Q Growth	-2.11%	40.33%	-9.98%	-31.18%	236.99%	-25.52%	17.56%	-8.38%	-2.63%	-110.89%
Invested Capital Q/Q Growth	1.05%	-0.54%	-0.82%	6.70%	-6.17%	2.70%	0.87%	-10.16%	-1.00%	-0.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.58%	54.89%	56.56%	54.82%	46.11%	44.89%	47.67%	38.85%	42.08%	34.61%
EBITDA Margin	42.64%	41.42%	43.70%	41.48%	25.13%	24.48%	31.98%	17.96%	21.58%	-16.74%
Operating Margin	37.95%	36.21%	39.12%	35.85%	17.78%	16.54%	25.18%	11.86%	18.02%	-21.31%
EBIT Margin	37.94%	36.30%	39.12%	35.99%	17.81%	16.61%	25.21%	11.94%	18.12%	-21.22%
Profit (Net Income) Margin	26.85%	25.91%	24.67%	27.69%	13.71%	13.35%	19.02%	7.75%	17.00%	-18.58%
Tax Burden Percent	70.85%	71.12%	62.98%	75.63%	72.58%	77.95%	75.82%	60.41%	79.63%	112.13%
Interest Burden Percent	99.91%	100.36%	100.13%	101.72%	106.08%	103.14%	99.50%	107.39%	117.81%	78.07%
Effective Tax Rate	29.15%	28.88%	37.02%	24.37%	27.42%	22.05%	24.18%	39.59%	20.37%	0.00%
Return on Invested Capital (ROIC)	42.10%	38.13%	40.29%	36.62%	13.75%	12.38%	22.24%	8.22%	15.01%	-12.50%
ROIC Less NNEP Spread (ROIC-NNEP)	42.15%	37.91%	40.24%	35.82%	12.76%	11.94%	22.32%	7.59%	12.09%	-9.11%
Return on Net Nonoperating Assets (RNNOA)	-21.12%	-19.63%	-20.87%	-17.50%	-5.93%	-5.96%	-11.84%	-3.91%	-5.89%	4.32%
Return on Equity (ROE)	20.98%	18.50%	19.42%	19.12%	7.82%	6.42%	10.40%	4.32%	9.12%	-8.18%
Cash Return on Invested Capital (CROIC)	36.68%	12.13%	18.56%	13.34%	9.32%	14.02%	20.18%	11.68%	13.86%	-0.18%
Operating Return on Assets (OROA)	25.67%	22.52%	26.51%	21.26%	8.83%	7.04%	12.06%	5.77%	8.57%	-8.31%
Return on Assets (ROA)	18.17%	16.08%	16.72%	16.36%	6.80%	5.66%	9.10%	3.75%	8.04%	-7.28%
Return on Common Equity (ROCE)	20.97%	18.49%	19.42%	19.11%	7.82%	6.42%	10.40%	4.32%	9.12%	-8.18%
Return on Equity Simple (ROE_SIMPLE)	19.22%	16.74%	17.19%	18.33%	7.51%	6.18%	10.12%	4.64%	9.06%	-8.97%
Net Operating Profit after Tax (NOPAT)	242	259	347	396	170	155	279	102	185	-146
NOPAT Margin	26.89%	25.75%	24.64%	27.12%	12.91%	12.90%	19.09%	7.16%	14.35%	-14.92%
Net Nonoperating Expense Percent (NNEP)	-0.05%	0.22%	0.05%	0.80%	0.99%	0.44%	-0.08%	0.63%	2.92%	-3.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.26%	7.65%	-7.20%
Cost of Revenue to Revenue	45.42%	45.11%	43.44%	45.18%	53.89%	55.11%	52.33%	61.15%	57.92%	65.39%
SG&A Expenses to Revenue	6.35%	6.61%	5.73%	7.02%	8.18%	9.16%	8.62%	9.18%	9.77%	12.72%
R&D to Revenue	7.03%	7.81%	7.16%	8.41%	9.89%	10.57%	9.55%	8.12%	7.67%	11.24%
Operating Expenses to Revenue	16.62%	18.68%	17.45%	18.96%	28.33%	28.34%	22.49%	27.00%	24.16%	55.92%
Earnings before Interest and Taxes (EBIT)	342	365	551	525	234	199	368	171	233	-207
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	384	417	616	606	330	294	467	257	278	-164
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.74	3.37	5.68	2.74	3.20	4.60	3.34	1.93	2.11	1.55
Price to Tangible Book Value (P/TBV)	3.77	3.47	5.99	3.00	3.43	4.79	3.46	1.99	2.17	1.65
Price to Revenue (P/Rev)	5.22	5.21	8.15	4.14	5.85	9.93	6.28	3.23	3.96	3.22
Price to Earnings (P/E)	19.43	20.10	33.03	14.97	42.67	74.75	32.96	41.96	23.27	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.15%	4.97%	3.03%	6.68%	2.34%	1.34%	3.03%	2.38%	4.30%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.83	5.80	10.90	4.19	5.19	8.52	6.08	2.82	3.16	2.02
Enterprise Value to Revenue (EV/Rev)	4.48	4.43	7.39	3.46	4.98	8.81	5.27	2.41	3.04	2.27
Enterprise Value to EBITDA (EV/EBITDA)	10.51	10.68	16.91	8.34	19.83	35.98	16.48	13.44	14.09	0.00
Enterprise Value to EBIT (EV/EBIT)	11.81	12.19	18.89	9.61	27.98	53.04	20.90	20.21	16.78	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.66	17.18	30.00	12.76	38.61	68.30	27.59	33.70	21.20	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	15.32	14.96	25.69	12.84	20.25	37.07	19.75	16.23	13.23	8.93
Enterprise Value to Free Cash Flow (EV/FCFF)	19.12	54.02	65.14	35.03	56.98	60.31	30.41	23.72	22.95	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.03	0.02	0.02	0.02	0.01	0.01	0.01	0.00	0.00
Long-Term Debt to Equity	0.01	0.02	0.02	0.02	0.02	0.01	0.01	0.00	0.00	0.00
Financial Leverage	-0.50	-0.52	-0.52	-0.49	-0.46	-0.50	-0.53	-0.51	-0.49	-0.47
Leverage Ratio	1.15	1.15	1.16	1.17	1.15	1.13	1.14	1.15	1.13	1.12
Compound Leverage Factor	1.15	1.15	1.16	1.19	1.22	1.17	1.14	1.24	1.34	0.88
Debt to Total Capital	1.54%	2.55%	2.36%	2.02%	1.71%	1.44%	1.23%	0.67%	0.00%	0.00%
Short-Term Debt to Total Capital	0.16%	0.20%	0.17%	0.16%	0.15%	0.14%	0.65%	0.67%	0.00%	0.00%
Long-Term Debt to Total Capital	1.38%	2.35%	2.19%	1.85%	1.55%	1.30%	0.58%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.09%	0.01%	0.00%	0.03%	0.03%	0.05%	0.02%	0.00%	0.00%	0.00%
Common Equity to Total Capital	98.38%	97.44%	97.64%	97.95%	98.26%	98.51%	98.75%	99.33%	100.00%	100.00%
Debt to EBITDA	0.05	0.10	0.08	0.07	0.13	0.13	0.07	0.06	0.00	0.00
Net Debt to EBITDA	-1.74	-1.90	-1.73	-1.65	-3.45	-4.60	-3.17	-4.52	0.00	0.00
Long-Term Debt to EBITDA	0.05	0.09	0.07	0.07	0.11	0.12	0.03	0.00	0.00	0.00
Debt to NOPAT	0.08	0.16	0.14	0.11	0.25	0.25	0.12	0.16	0.00	0.00
Net Debt to NOPAT	-2.76	-3.05	-3.07	-2.52	-6.72	-8.74	-5.31	-11.34	0.00	0.00
Long-Term Debt to NOPAT	0.07	0.15	0.13	0.11	0.22	0.22	0.06	0.00	0.00	0.00
Altman Z-Score	17.64	16.40	22.98	12.83	16.62	23.42	15.71	10.52	13.75	9.50
Noncontrolling Interest Sharing Ratio	0.05%	0.05%	0.00%	0.02%	0.03%	0.04%	0.04%	0.01%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.78	8.22	8.82	7.35	9.88	10.01	7.49	7.23	8.91	6.98
Quick Ratio	5.92	6.23	6.80	5.29	7.41	7.71	5.67	5.06	6.50	5.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	211	82	160	144	115	175	253	145	171	-2.15
Operating Cash Flow to CapEx	376.65%	235.55%	366.37%	246.87%	243.48%	328.70%	320.22%	255.35%	373.52%	354.41%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.62	0.68	0.59	0.50	0.42	0.48	0.48	0.47	0.39
Accounts Receivable Turnover	6.14	6.57	7.17	5.93	5.32	4.78	5.55	6.04	5.98	5.01
Inventory Turnover	2.18	2.05	2.24	1.85	1.81	1.77	1.85	1.80	1.55	1.73
Fixed Asset Turnover	3.20	3.01	3.36	2.91	2.30	2.00	2.37	2.35	2.18	1.64
Accounts Payable Turnover	18.84	16.70	19.38	18.47	22.27	24.93	18.74	17.13	19.93	19.97
Days Sales Outstanding (DSO)	59.45	55.57	50.93	61.60	68.58	76.42	65.77	60.44	61.01	72.87
Days Inventory Outstanding (DIO)	167.06	178.00	163.04	196.80	202.08	205.68	197.13	202.54	235.73	210.97
Days Payable Outstanding (DPO)	19.37	21.86	18.83	19.76	16.39	14.64	19.48	21.31	18.32	18.28
Cash Conversion Cycle (CCC)	207.14	211.72	195.14	238.65	254.27	267.46	243.42	241.67	278.42	265.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	591	768	955	1,207	1,262	1,241	1,267	1,224	1,238	1,094
Invested Capital Turnover	1.57	1.48	1.64	1.35	1.07	0.96	1.17	1.15	1.05	0.84
Increase / (Decrease) in Invested Capital	31	177	187	252	55	-21	26	-43	14	-144
Enterprise Value (EV)	4,038	4,453	10,414	5,051	6,551	10,576	7,697	3,450	3,915	2,215
Market Capitalization	4,706	5,242	11,481	6,050	7,691	11,928	9,177	4,612	5,093	3,145
Book Value per Share	$23.86	$29.33	$37.72	$41.30	$45.26	$48.65	$51.52	$48.97	$51.48	$46.81
Tangible Book Value per Share	$23.63	$28.41	$35.72	$37.78	$42.31	$46.70	$49.81	$47.48	$50.10	$43.98
Total Capital	1,280	1,599	2,071	2,252	2,444	2,632	2,781	2,401	2,415	2,024
Total Debt	20	41	49	45	42	38	34	16	0.00	0.00
Total Long-Term Debt	18	38	45	42	38	34	16	0.00	0.00	0.00
Net Debt	-669	-790	-1,067	-999	-1,141	-1,353	-1,480	-1,162	-1,177	-930
Capital Expenditures (CapEx)	70	126	111	159	133	87	122	83	79	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	274	315	443	519	526	546	538	550	522	296
Debt-free Net Working Capital (DFNWC)	963	1,146	1,559	1,563	1,708	1,937	2,052	1,728	1,700	1,226
Net Working Capital (NWC)	961	1,143	1,555	1,560	1,705	1,933	2,034	1,712	1,700	1,226
Net Nonoperating Expense (NNE)	0.30	-1.60	-0.48	-8.31	-11	-5.48	1.06	-8.37	-34	36
Net Nonoperating Obligations (NNO)	-669	-790	-1,067	-999	-1,141	-1,353	-1,480	-1,162	-1,177	-930
Total Depreciation and Amortization (D&A)	42	51	65	80	96	95	99	86	45	44
Debt-free, Cash-free Net Working Capital to Revenue	30.37%	31.33%	31.41%	35.52%	40.00%	45.49%	36.82%	38.48%	40.57%	30.27%
Debt-free Net Working Capital to Revenue	106.83%	113.88%	110.63%	107.09%	129.96%	161.35%	140.49%	120.85%	132.03%	125.47%
Net Working Capital to Revenue	106.61%	113.57%	110.38%	106.83%	129.68%	161.03%	139.25%	119.73%	132.03%	125.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.60	$4.91	$6.50	$7.55	$3.40	$3.00	$5.21	$2.17	$4.64	($4.09)
Adjusted Weighted Average Basic Shares Outstanding	52.68M	53.07M	53.50M	53.52M	53.06M	53.19M	53.41M	50.76M	47.15M	44.34M
Adjusted Diluted Earnings per Share	$4.53	$4.85	$6.36	$7.38	$3.35	$2.97	$5.16	$2.16	$4.63	($4.09)
Adjusted Weighted Average Diluted Shares Outstanding	53.43M	53.80M	54.70M	54.73M	53.84M	53.79M	53.93M	50.92M	47.32M	44.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.89M	53.52M	54.06M	105.92M	53.06M	53.53M	52.94M	47.63M	46.10M	42.55M
Normalized Net Operating Profit after Tax (NOPAT)	242	259	347	396	202	191	279	137	185	6.27
Normalized NOPAT Margin	26.89%	25.75%	24.64%	27.12%	15.35%	15.87%	19.09%	9.61%	14.41%	0.64%
Pre Tax Income Margin	37.90%	36.43%	39.17%	36.61%	18.89%	17.13%	25.09%	12.83%	21.35%	-16.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	3.43%	11.56%	43.56%	22.60%	23.63%	48.54%	450.97%	102.11%	-189.40%

This table displays calculated financial ratios and metrics derived from IPG Photonics' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.95%	-8.49%	-6.16%	-9.83%	-13.64%	-10.39%	-27.41%	-24.22%	-22.65%	-21.60%
EBITDA Growth	-7.29%	-161.95%	-24.08%	-12.38%	-42.73%	156.93%	-67.82%	-74.15%	-460.70%	-28.86%
EBIT Growth	-7.64%	-203.88%	-18.46%	0.08%	-40.16%	132.75%	-74.36%	-83.09%	-550.87%	-49.60%
NOPAT Growth	-1.96%	-194.58%	-22.05%	-1.61%	-38.62%	145.66%	-74.85%	-82.37%	-492.60%	-82.49%
Net Income Growth	2.68%	-242.33%	-13.63%	8.70%	-28.30%	144.60%	-59.93%	-67.66%	-524.76%	-81.14%
EPS Growth	5.00%	-242.15%	-3.82%	19.09%	-21.09%	152.33%	-58.73%	-65.65%	-559.48%	-70.00%
Operating Cash Flow Growth	-25.60%	-50.77%	127.00%	-15.33%	13.33%	154.82%	46.45%	-19.81%	-23.17%	-30.43%
Free Cash Flow Firm Growth	-218.65%	-147.62%	526.91%	239.23%	581.13%	175.18%	3.34%	-35.87%	-114.14%	947.28%
Invested Capital Growth	8.46%	-3.40%	-3.03%	-9.44%	-8.20%	1.15%	-6.54%	-8.65%	-12.41%	-11.60%
Revenue Q/Q Growth	-7.43%	-4.43%	4.09%	-2.07%	-11.35%	-0.83%	-15.69%	2.24%	-9.51%	0.51%
EBITDA Q/Q Growth	21.66%	-158.04%	230.36%	-4.81%	-20.48%	-42.31%	-37.85%	-23.52%	-1,209.49%	111.38%
EBIT Q/Q Growth	30.03%	-194.12%	185.63%	-4.50%	-22.25%	-48.49%	-32.51%	-37.02%	-2,173.05%	105.76%
NOPAT Q/Q Growth	31.59%	-184.16%	187.93%	1.05%	-17.91%	-37.39%	-51.57%	-29.18%	-1,927.99%	102.79%
Net Income Q/Q Growth	33.78%	-221.12%	164.73%	3.64%	-11.76%	-24.67%	-41.83%	-16.37%	-1,259.05%	103.35%
EPS Q/Q Growth	33.64%	-217.01%	173.26%	3.97%	-11.45%	-22.41%	-42.22%	-13.46%	-1,284.44%	105.07%
Operating Cash Flow Q/Q Growth	-3.65%	-45.14%	-10.43%	78.83%	28.97%	23.36%	-48.52%	-2.08%	23.57%	11.70%
Free Cash Flow Firm Q/Q Growth	76.21%	42.12%	601.15%	101.77%	-17.79%	-90.96%	588.90%	25.21%	-118.12%	769.90%
Invested Capital Q/Q Growth	-5.27%	-10.16%	4.97%	1.36%	-3.97%	-1.00%	-3.01%	-0.93%	-7.92%	-0.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.10%	18.24%	42.32%	43.44%	44.09%	38.20%	38.70%	37.33%	23.20%	38.55%
EBITDA Margin	33.45%	-20.32%	25.44%	24.73%	22.18%	12.91%	11.28%	8.44%	-103.44%	11.71%
Operating Margin	26.69%	-26.53%	21.73%	21.20%	18.48%	9.63%	7.58%	4.67%	-108.67%	5.95%
EBIT Margin	26.93%	-26.53%	21.82%	21.28%	18.66%	9.69%	7.71%	4.75%	-108.78%	6.23%
Profit (Net Income) Margin	21.98%	-27.85%	17.32%	18.33%	18.25%	13.86%	9.56%	7.82%	-100.19%	3.33%
Tax Burden Percent	79.00%	116.05%	72.20%	76.36%	81.09%	98.28%	71.72%	80.58%	96.32%	35.50%
Interest Burden Percent	103.28%	90.47%	109.94%	112.80%	120.57%	145.49%	172.98%	204.45%	95.62%	150.74%
Effective Tax Rate	21.00%	0.00%	27.80%	23.64%	18.91%	1.72%	28.28%	19.42%	0.00%	64.50%
Return on Invested Capital (ROIC)	23.53%	-21.32%	16.91%	16.18%	15.17%	9.90%	5.22%	3.35%	-67.56%	1.77%
ROIC Less NNEP Spread (ROIC-NNEP)	23.30%	-18.97%	16.45%	15.55%	14.33%	8.77%	4.27%	2.39%	-62.33%	1.50%
Return on Net Nonoperating Assets (RNNOA)	-11.83%	9.77%	-7.94%	-7.09%	-6.79%	-4.27%	-2.00%	-1.11%	29.83%	-0.71%
Return on Equity (ROE)	11.69%	-11.55%	8.97%	9.09%	8.38%	5.62%	3.21%	2.25%	-37.73%	1.06%
Cash Return on Invested Capital (CROIC)	12.13%	11.68%	9.85%	16.40%	13.41%	13.86%	18.24%	16.79%	1.69%	-0.18%
Operating Return on Assets (OROA)	12.88%	-12.82%	10.64%	10.15%	8.76%	4.59%	3.49%	2.03%	-45.07%	2.44%
Return on Assets (ROA)	10.51%	-13.47%	8.45%	8.74%	8.56%	6.56%	4.33%	3.34%	-41.52%	1.31%
Return on Common Equity (ROCE)	11.69%	-11.55%	8.97%	9.09%	8.38%	5.62%	3.21%	2.25%	-37.73%	1.06%
Return on Equity Simple (ROE_SIMPLE)	10.42%	0.00%	4.33%	4.43%	3.55%	0.00%	7.81%	6.24%	-6.99%	0.00%
Net Operating Profit after Tax (NOPAT)	74	-62	54	55	45	28	14	9.70	-177	4.95
NOPAT Margin	21.09%	-18.57%	15.69%	16.19%	14.99%	9.46%	5.44%	3.77%	-76.07%	2.11%
Net Nonoperating Expense Percent (NNEP)	0.23%	-2.34%	0.47%	0.63%	0.84%	1.12%	0.95%	0.97%	-5.23%	0.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.58%	-	-	-	1.17%	-	-	-	0.24%
Cost of Revenue to Revenue	56.90%	81.76%	57.68%	56.56%	55.91%	61.80%	61.30%	62.67%	76.80%	61.45%
SG&A Expenses to Revenue	9.69%	10.00%	8.68%	8.72%	10.27%	11.71%	12.36%	12.27%	14.01%	12.33%
R&D to Revenue	7.29%	7.98%	6.56%	6.92%	8.20%	9.27%	11.66%	10.67%	11.66%	10.98%
Operating Expenses to Revenue	16.41%	44.76%	20.60%	22.25%	25.61%	29.02%	31.12%	32.66%	131.87%	32.60%
Earnings before Interest and Taxes (EBIT)	94	-88	76	72	56	29	19	12	-254	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	117	-68	88	84	67	39	28	22	-241	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	1.93	2.51	2.68	2.02	2.11	1.82	1.71	1.55	1.55
Price to Tangible Book Value (P/TBV)	1.69	1.99	2.59	2.76	2.08	2.17	1.87	1.75	1.60	1.65
Price to Revenue (P/Rev)	2.90	3.23	4.17	4.69	3.64	3.96	3.57	3.46	3.16	3.22
Price to Earnings (P/E)	15.81	41.96	58.45	60.71	56.88	23.27	23.27	27.34	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.33%	2.38%	1.71%	1.65%	1.76%	4.30%	4.30%	3.66%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.21	2.82	3.75	4.09	2.94	3.16	2.59	2.34	2.07	2.02
Enterprise Value to Revenue (EV/Rev)	2.07	2.41	3.43	3.89	2.78	3.04	2.61	2.51	2.18	2.27
Enterprise Value to EBITDA (EV/EBITDA)	6.88	13.44	20.20	22.92	19.42	14.09	14.31	17.90	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	8.76	20.21	31.38	34.68	31.72	16.78	17.62	23.84	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.39	33.70	54.49	59.96	57.86	21.20	21.84	28.83	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.80	16.23	20.64	24.06	15.88	13.23	9.94	9.27	8.09	8.93
Enterprise Value to Free Cash Flow (EV/FCFF)	19.00	23.72	37.49	23.72	20.98	22.95	13.74	13.30	114.74	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.51	-0.51	-0.48	-0.46	-0.47	-0.49	-0.47	-0.46	-0.48	-0.47
Leverage Ratio	1.15	1.15	1.14	1.14	1.14	1.13	1.13	1.12	1.12	1.12
Compound Leverage Factor	1.19	1.04	1.26	1.29	1.37	1.65	1.95	2.28	1.07	1.69
Debt to Total Capital	0.63%	0.67%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.63%	0.67%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.37%	99.33%	99.33%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.04	0.06	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-2.78	-4.52	-4.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.06	0.16	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-4.60	-11.34	-11.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.25	10.21	13.34	15.69	12.76	13.50	12.67	12.32	10.54	9.82
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.16	7.23	7.68	8.43	8.74	8.91	9.52	9.02	8.09	6.98
Quick Ratio	4.83	5.06	5.23	5.82	6.20	6.50	6.89	6.51	6.09	5.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-33	-19	95	191	157	14	98	122	-22	149
Operating Cash Flow to CapEx	310.20%	0.00%	117.22%	260.46%	0.00%	434.48%	1,956.85%	252.09%	289.42%	319.05%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.48	0.49	0.48	0.47	0.47	0.45	0.43	0.41	0.39
Accounts Receivable Turnover	6.24	6.04	5.69	5.73	6.22	5.98	5.67	5.45	5.30	5.01
Inventory Turnover	1.61	1.80	1.77	1.65	1.61	1.55	1.49	1.50	1.70	1.73
Fixed Asset Turnover	2.27	2.35	2.31	2.12	2.13	2.18	2.02	1.85	1.78	1.64
Accounts Payable Turnover	14.88	17.13	20.05	18.24	18.91	19.93	20.72	21.03	18.70	19.97
Days Sales Outstanding (DSO)	58.47	60.44	64.09	63.69	58.64	61.01	64.38	66.97	68.88	72.87
Days Inventory Outstanding (DIO)	226.02	202.54	206.43	221.42	226.64	235.73	244.57	243.31	214.95	210.97
Days Payable Outstanding (DPO)	24.53	21.31	18.20	20.01	19.31	18.32	17.62	17.36	19.52	18.28
Cash Conversion Cycle (CCC)	259.96	241.67	252.33	265.11	265.97	278.42	291.33	292.92	264.30	265.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,362	1,224	1,285	1,302	1,250	1,238	1,201	1,189	1,095	1,094
Invested Capital Turnover	1.12	1.15	1.08	1.00	1.01	1.05	0.96	0.89	0.89	0.84
Increase / (Decrease) in Invested Capital	106	-43	-40	-136	-112	14	-84	-113	-155	-144
Enterprise Value (EV)	3,017	3,450	4,819	5,329	3,676	3,915	3,115	2,782	2,268	2,215
Market Capitalization	4,235	4,612	5,873	6,425	4,810	5,093	4,255	3,846	3,287	3,145
Book Value per Share	$51.40	$48.97	$49.10	$50.70	$50.33	$51.48	$50.93	$49.45	$47.81	$46.81
Tangible Book Value per Share	$49.92	$47.48	$47.62	$49.25	$48.93	$50.10	$49.55	$48.10	$46.44	$43.98
Total Capital	2,597	2,401	2,354	2,399	2,384	2,415	2,341	2,253	2,115	2,024
Total Debt	16	16	16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,218	-1,162	-1,054	-1,096	-1,133	-1,177	-1,140	-1,064	-1,019	-930
Capital Expenditures (CapEx)	24	-0.44	32	26	-2.57	24	2.79	21	23	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	605	550	612	599	567	522	497	464	357	296
Debt-free Net Working Capital (DFNWC)	1,840	1,728	1,682	1,696	1,701	1,700	1,637	1,527	1,376	1,226
Net Working Capital (NWC)	1,823	1,712	1,666	1,696	1,701	1,700	1,637	1,527	1,376	1,226
Net Nonoperating Expense (NNE)	-3.10	31	-5.68	-7.29	-9.82	-13	-10	-10	56	-2.86
Net Nonoperating Obligations (NNO)	-1,218	-1,162	-1,054	-1,096	-1,133	-1,177	-1,140	-1,064	-1,019	-930
Total Depreciation and Amortization (D&A)	23	21	13	12	11	9.60	9.00	9.50	12	13
Debt-free, Cash-free Net Working Capital to Revenue	41.42%	38.48%	43.52%	43.77%	42.91%	40.57%	41.72%	41.76%	34.26%	30.27%
Debt-free Net Working Capital to Revenue	125.96%	120.85%	119.55%	123.82%	128.64%	132.03%	137.34%	137.62%	132.12%	125.47%
Net Working Capital to Revenue	124.84%	119.73%	118.43%	123.82%	128.64%	132.03%	137.34%	137.62%	132.12%	125.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.48	($1.73)	$1.26	$1.32	$1.16	$0.90	$0.52	$0.45	($5.33)	$0.27
Adjusted Weighted Average Basic Shares Outstanding	51.63M	50.76M	47.54M	47.32M	47.24M	47.15M	45.96M	44.92M	43.84M	44.34M
Adjusted Diluted Earnings per Share	$1.47	($1.72)	$1.26	$1.31	$1.16	$0.90	$0.52	$0.45	($5.33)	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	51.74M	50.92M	47.78M	47.45M	47.39M	47.32M	46.17M	45.01M	43.84M	44.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.71M	47.63M	47.31M	47.37M	46.92M	46.10M	45.57M	44.23M	43.25M	42.55M
Normalized Net Operating Profit after Tax (NOPAT)	74	-62	55	56	45	28	14	9.70	-20	9.77
Normalized NOPAT Margin	21.30%	-18.57%	15.72%	16.40%	14.92%	9.49%	5.44%	3.77%	-8.75%	4.17%
Pre Tax Income Margin	27.82%	-24.00%	23.99%	24.01%	22.50%	14.10%	13.33%	9.71%	-104.02%	9.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	163.50%	450.97%	527.15%	283.21%	326.59%	102.11%	109.39%	229.24%	-236.93%	-189.40%

Frequently Asked Questions About IPG Photonics' Financials

When does IPG Photonics's fiscal year end?

According to the most recent income statement we have on file, IPG Photonics' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has IPG Photonics' net income changed over the last 9 years?

IPG Photonics' net income appears to be on a downward trend, with a most recent value of -$181.53 million in 2024, falling from $242.03 million in 2015. The previous period was $218.88 million in 2023. See IPG Photonics' forecast for analyst expectations on what’s next for the company.

What is IPG Photonics's operating income?

IPG Photonics's total operating income in 2024 was -$208.25 million, based on the following breakdown:

Total Gross Profit: $338.16 million
Total Operating Expenses: $546.41 million

How has IPG Photonics revenue changed over the last 9 years?

Over the last 9 years, IPG Photonics' total revenue changed from $901.27 million in 2015 to $977.13 million in 2024, a change of 8.4%.

How much debt does IPG Photonics have?

IPG Photonics' total liabilities were at $264.79 million at the end of 2024, a 6.6% decrease from 2023, and a 37.4% increase since 2015.

How much cash does IPG Photonics have?

In the past 9 years, IPG Photonics' cash and equivalents has ranged from $514.67 million in 2023 to $909.90 million in 2017, and is currently $620.04 million as of their latest financial filing in 2024.

How has IPG Photonics' book value per share changed over the last 9 years?

Over the last 9 years, IPG Photonics' book value per share changed from 23.86 in 2015 to 46.81 in 2024, a change of 96.2%.

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This page (NASDAQ:IPGP) was last updated on 5/6/2025 by MarketBeat.com Staff

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IPG Photonics (IPGP) Financials

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IPG Photonics (IPGP) Financials

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