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IPG Photonics (IPGP) Financials

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$67.58 +0.80 (+1.20%)
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Annual Income Statements for IPG Photonics

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

Quarterly Income Statements for IPG Photonics

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

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 3.76 7.82 -234 20 24 41 55 62 60 -93 76
Consolidated Net Income / (Loss)		 3.76 7.82 -234 20 24 41 55 62 60 -93 77
Net Income / (Loss) Continuing Operations		 3.76 7.82 -234 20 24 41 55 62 60 -93 77
Total Pre-Tax Income 		11 22 -243 25 34 42 68 82 83 -80 97
Total Operating Income		 1.83 14 -253 12 19 29 56 72 75 -88 93
Total Gross Profit		 90 90 54 96 98 114 133 148 147 61 150
Total Revenue		 228 234 233 258 252 299 301 340 347 334 349
Operating Revenue		 228 234 233 258 252 299 301 340 347 334 349
Total Cost of Revenue		 138 144 179 161 154 185 168 192 200 273 199
Operating Cost of Revenue		 138 144 179 161 154 185 168 192 200 273 199
Total Operating Expenses		 88 76 307 84 78 87 77 76 72 149 57
Selling, General & Admin Expense		 33 29 33 32 31 35 31 30 30 33 34
Marketing Expense		 24 22 22 22 23 22 22 20 21 18 19
Research & Development Expense		 28 26 27 27 29 28 25 24 23 27 25
Other Operating Expenses / (Income)		 2.41 6.91 1.15 2.57 -5.10 - -0.45 1.31 -2.66 14 -22
Other Special Charges / (Income)		 0.00 - 198 - - - 0.00 - - - -
Total Other Income / (Expense), net		 8.79 8.06 11 13 15 14 12 9.55 7.86 8.44 3.93
Interest & Investment Income		 7.44 7.41 11 13 14 13 12 9.26 7.53 7.89 3.63
Other Income / (Expense), net		 1.34 0.65 -0.27 0.19 0.33 0.20 0.55 0.29 0.33 0.01 0.84
Income Tax Expense		 6.86 14 -8.92 4.86 9.50 0.73 13 19 23 13 20
Basic Earnings per Share		 $0.09 $0.27 ($5.33) $0.45 $0.52 $0.90 $1.16 $1.32 $1.26 ($1.73) $1.48
Weighted Average Basic Shares Outstanding		 42.60M 44.34M 43.84M 44.92M 45.96M 47.15M 47.24M 47.32M 47.54M 50.76M 51.63M
Diluted Earnings per Share		 $0.09 $0.27 ($5.33) $0.45 $0.52 $0.90 $1.16 $1.31 $1.26 ($1.72) $1.47
Weighted Average Diluted Shares Outstanding		 42.83M 44.34M 43.84M 45.01M 46.17M 47.32M 47.39M 47.45M 47.78M 50.92M 51.74M
Weighted Average Basic & Diluted Shares Outstanding		 42.53M 42.55M 43.25M 44.23M 45.57M 46.10M 46.92M 47.37M 47.31M 47.63M 48.71M

Annual Cash Flow Statements for IPG Photonics

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

Quarterly Cash Flow Statements for IPG Photonics

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 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -257 -264 163 224 -18 -14 -45 52 -177 -171 97
Net Cash From Operating Activities		 13 74 66 53 55 106 86 67 37 42 76
Net Cash From Continuing Operating Activities		 13 74 66 53 55 106 86 67 37 42 76
Net Income / (Loss) Continuing Operations		 3.76 7.82 -234 20 24 41 55 62 60 -93 77
Consolidated Net Income / (Loss)		 3.76 7.82 -234 20 24 41 55 62 60 -93 77
Depreciation Expense		 15 15 15 15 16 17 17 17 18 21 23
Amortization Expense		 -3.88 -1.98 -2.67 -5.79 -7.22 -7.34 -6.72 -5.72 -5.32 - -
Non-Cash Adjustments To Reconcile Net Income		 24 24 283 25 18 30 20 25 26 166 4.49
Changes in Operating Assets and Liabilities, net		 -26 29 4.55 -0.77 3.42 25 0.57 -33 -61 -47 -28
Net Cash From Investing Activities		 -274 -263 163 285 24 -75 -72 5.48 -96 -111 127
Net Cash From Continuing Investing Activities		 -274 -263 163 285 24 -75 -72 5.48 -96 -111 127
Purchase of Property, Plant & Equipment		 -25 -23 -23 -24 -28 -25 -26 -26 -33 -26 -25
Purchase of Investments		 -333 -290 -122 -75 -227 -334 -315 -240 -344 -202 -331
Sale of Property, Plant & Equipment		 0.18 0.04 0.26 3.01 25 0.82 29 0.14 1.60 26 0.19
Sale and/or Maturity of Investments		 83 117 332 381 253 284 240 270 279 90 430
Other Investing Activities, net		 0.05 0.04 0.20 0.03 0.16 0.11 0.12 0.22 0.11 0.20 0.10
Net Cash From Financing Activities		 -5.67 -55 -74 -119 -91 -60 -46 -13 -117 -114 -89
Net Cash From Continuing Financing Activities		 -5.67 -55 -74 -119 -91 -60 -46 -13 -117 -114 -89
Repurchase of Common Equity		 0.11 -57 -74 -122 -90 -64 -46 0.06 -113 -117 -71
Issuance of Common Equity		 -5.78 2.33 0.08 2.95 -1.16 3.58 0.30 3.11 -3.84 3.23 0.27
Effect of Exchange Rate Changes		 9.62 -20 9.02 5.18 -5.78 15 -12 -7.65 -1.10 12 -16
Cash Interest Paid		 0.01 0.18 0.00 0.09 0.00 0.17 0.16 0.42 0.53 0.45 1.17
Cash Income Taxes Paid		 11 1.73 4.74 26 8.01 7.92 -3.18 39 19 29 22

Annual Balance Sheets for IPG Photonics

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

Quarterly Balance Sheets for IPG Photonics

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 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,317 2,355 2,495 2,598 2,673 2,696 2,671 2,963
Total Current Assets		 1,443 1,570 1,718 1,830 1,920 1,924 1,916 2,119
Cash & Equivalents		 363 884 721 496 528 573 521 869
Short-Term Investments		 564 135 343 644 605 523 548 365
Accounts Receivable		 177 164 176 184 230 231 237 195
Inventories, net		 288 321 401 432 480 491 506 556
Prepaid Expenses		 35 40 47 49 45 54 56 84
Current Deferred & Refundable Income Taxes		 17 27 30 25 33 51 47 49
Plant, Property, & Equipment, net		 603 590 593 586 582 609 594 662
Total Noncurrent Assets		 271 195 184 183 170 163 161 182
Goodwill		 69 38 38 38 38 38 38 38
Intangible Assets		 54 22 23 25 28 30 32 36
Noncurrent Deferred & Refundable Income Taxes		 109 106 89 84 80 70 59 69
Other Noncurrent Operating Assets		 39 28 34 35 25 25 32 38
Total Liabilities & Shareholders' Equity		 2,317 2,355 2,495 2,598 2,673 2,696 2,671 2,963
Total Liabilities		 257 241 242 258 289 298 333 382
Total Current Liabilities		 197 194 190 192 220 228 250 296
Accounts Payable		 38 40 26 27 33 37 41 55
Accrued Expenses		 153 151 161 163 175 184 190 200
Current Deferred & Payable Income Tax Liabilities		 6.28 3.82 3.02 2.44 12 6.61 3.10 25
Total Noncurrent Liabilities		 60 46 52 66 69 70 83 86
Noncurrent Deferred & Payable Income Tax Liabilities		 60 46 52 66 69 70 83 86
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,060 2,115 2,253 2,341 2,384 2,399 2,339 2,581
Total Preferred & Common Equity		 2,060 2,115 2,253 2,341 2,384 2,399 2,339 2,581
Total Common Equity		 2,060 2,115 2,253 2,341 2,384 2,399 2,339 2,581
Common Stock		 1,040 1,025 1,014 1,003 978 970 957 939
Retained Earnings		 2,618 2,606 2,840 2,819 2,754 2,699 2,637 2,669
Treasury Stock		 -1,505 -1,448 -1,374 -1,251 -1,098 -1,051 -1,051 -821
Accumulated Other Comprehensive Income / (Loss)		 -92 -69 -227 -230 -251 -219 -204 -207

Annual Metrics And Ratios for IPG Photonics

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

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

Quarterly Metrics And Ratios for IPG Photonics

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

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.61% -21.60% -22.65% -24.22% -27.41% -10.39% -13.64% -9.83% -6.16% -8.49% -7.95%
EBITDA Growth		 -48.51% -28.86% -460.70% -74.15% -67.82% 156.93% -42.73% -12.38% -24.08% -161.95% -7.29%
EBIT Growth		 -83.68% -49.60% -550.87% -83.09% -74.36% 132.75% -40.16% 0.08% -18.46% -203.88% -7.64%
NOPAT Growth		 -95.28% -82.49% -492.60% -82.37% -74.85% 145.66% -38.62% -1.61% -22.05% -194.58% -1.96%
Net Income Growth		 -84.41% -81.14% -524.76% -67.66% -59.93% 144.60% -28.30% 8.70% -13.63% -242.33% 2.68%
EPS Growth		 -82.69% -70.00% -559.48% -65.65% -58.73% 152.33% -21.09% 19.09% -3.82% -242.15% 5.00%
Operating Cash Flow Growth		 -75.37% -30.43% -23.17% -19.81% 46.45% 154.82% 13.33% -15.33% 127.00% -50.77% -25.60%
Free Cash Flow Firm Growth		 -30.73% 947.28% -114.14% -35.87% 3.34% 175.18% 581.13% 239.23% 526.91% -147.62% -218.65%
Invested Capital Growth		 -5.58% -11.60% -12.41% -8.65% -6.54% 1.15% -8.20% -9.44% -3.03% -3.40% 8.46%
Revenue Q/Q Growth		 -2.79% 0.51% -9.51% 2.24% -15.69% -0.83% -11.35% -2.07% 4.09% -4.43% -7.43%
EBITDA Q/Q Growth		 -46.67% 111.38% -1,209.49% -23.52% -37.85% -42.31% -20.48% -4.81% 230.36% -158.04% 21.66%
EBIT Q/Q Growth		 -78.29% 105.76% -2,173.05% -37.02% -32.51% -48.49% -22.25% -4.50% 185.63% -194.12% 30.03%
NOPAT Q/Q Growth		 -86.94% 102.79% -1,927.99% -29.18% -51.57% -37.39% -17.91% 1.05% 187.93% -184.16% 31.59%
Net Income Q/Q Growth		 -51.91% 103.35% -1,259.05% -16.37% -41.83% -24.67% -11.76% 3.64% 164.73% -221.12% 33.78%
EPS Q/Q Growth		 -66.67% 105.07% -1,284.44% -13.46% -42.22% -22.41% -11.45% 3.97% 173.26% -217.01% 33.64%
Operating Cash Flow Q/Q Growth		 -81.78% 11.70% 23.57% -2.08% -48.52% 23.36% 28.97% 78.83% -10.43% -45.14% -3.65%
Free Cash Flow Firm Q/Q Growth		 -54.44% 769.90% -118.12% 25.21% 588.90% -90.96% -17.79% 101.77% 601.15% 42.12% 76.21%
Invested Capital Q/Q Growth		 3.59% -0.09% -7.92% -0.93% -3.01% -1.00% -3.97% 1.36% 4.97% -10.16% -5.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 39.43% 38.55% 23.20% 37.33% 38.70% 38.20% 44.09% 43.44% 42.32% 18.24% 43.10%
EBITDA Margin		 6.42% 11.71% -103.44% 8.44% 11.28% 12.91% 22.18% 24.73% 25.44% -20.32% 33.45%
Operating Margin		 0.80% 5.95% -108.67% 4.67% 7.58% 9.63% 18.48% 21.20% 21.73% -26.53% 26.69%
EBIT Margin		 1.39% 6.23% -108.78% 4.75% 7.71% 9.69% 18.66% 21.28% 21.82% -26.53% 26.93%
Profit (Net Income) Margin		 1.65% 3.33% -100.19% 7.82% 9.56% 13.86% 18.25% 18.33% 17.32% -27.85% 21.98%
Tax Burden Percent		 35.40% 35.50% 96.32% 80.58% 71.72% 98.28% 81.09% 76.36% 72.20% 116.05% 79.00%
Interest Burden Percent		 334.75% 150.74% 95.62% 204.45% 172.98% 145.49% 120.57% 112.80% 109.94% 90.47% 103.28%
Effective Tax Rate		 64.60% 64.50% 0.00% 19.42% 28.28% 1.72% 18.91% 23.64% 27.80% 0.00% 21.00%
Return on Invested Capital (ROIC)		 0.23% 1.77% -67.56% 3.35% 5.22% 9.90% 15.17% 16.18% 16.91% -21.32% 23.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.07% 1.50% -62.33% 2.39% 4.27% 8.77% 14.33% 15.55% 16.45% -18.97% 23.30%
Return on Net Nonoperating Assets (RNNOA)		 0.03% -0.71% 29.83% -1.11% -2.00% -4.27% -6.79% -7.09% -7.94% 9.77% -11.83%
Return on Equity (ROE)		 0.26% 1.06% -37.73% 2.25% 3.21% 5.62% 8.38% 9.09% 8.97% -11.55% 11.69%
Cash Return on Invested Capital (CROIC)		 -7.78% -0.18% 1.69% 16.79% 18.24% 13.86% 13.41% 16.40% 9.85% 11.68% 12.13%
Operating Return on Assets (OROA)		 0.54% 2.44% -45.07% 2.03% 3.49% 4.59% 8.76% 10.15% 10.64% -12.82% 12.88%
Return on Assets (ROA)		 0.64% 1.31% -41.52% 3.34% 4.33% 6.56% 8.56% 8.74% 8.45% -13.47% 10.51%
Return on Common Equity (ROCE)		 0.26% 1.06% -37.73% 2.25% 3.21% 5.62% 8.38% 9.09% 8.97% -11.55% 11.69%
Return on Equity Simple (ROE_SIMPLE)		 -9.80% 0.00% -6.99% 6.24% 7.81% 0.00% 3.55% 4.43% 4.33% 0.00% 10.42%
Net Operating Profit after Tax (NOPAT)		 0.65 4.95 -177 9.70 14 28 45 55 54 -62 74
NOPAT Margin		 0.28% 2.11% -76.07% 3.77% 5.44% 9.46% 14.99% 16.19% 15.69% -18.57% 21.09%
Net Nonoperating Expense Percent (NNEP)		 0.30% 0.27% -5.23% 0.97% 0.95% 1.12% 0.84% 0.63% 0.47% -2.34% 0.23%
Return On Investment Capital (ROIC_SIMPLE)		 0.03% 0.24% - - - 1.17% - - - -2.58% -
Cost of Revenue to Revenue		 60.57% 61.45% 76.80% 62.67% 61.30% 61.80% 55.91% 56.56% 57.68% 81.76% 56.90%
SG&A Expenses to Revenue		 14.40% 12.33% 14.01% 12.27% 12.36% 11.71% 10.27% 8.72% 8.68% 10.00% 9.69%
R&D to Revenue		 12.44% 10.98% 11.66% 10.67% 11.66% 9.27% 8.20% 6.92% 6.56% 7.98% 7.29%
Operating Expenses to Revenue		 38.63% 32.60% 131.87% 32.66% 31.12% 29.02% 25.61% 22.25% 20.60% 44.76% 16.41%
Earnings before Interest and Taxes (EBIT)		 3.17 15 -254 12 19 29 56 72 76 -88 94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 15 27 -241 22 28 39 67 84 88 -68 117
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.30 1.55 1.55 1.71 1.82 2.11 2.02 2.68 2.51 1.93 1.64
Price to Tangible Book Value (P/TBV)		 1.39 1.65 1.60 1.75 1.87 2.17 2.08 2.76 2.59 1.99 1.69
Price to Revenue (P/Rev)		 2.82 3.22 3.16 3.46 3.57 3.96 3.64 4.69 4.17 3.23 2.90
Price to Earnings (P/E)		 0.00 0.00 0.00 27.34 23.27 23.27 56.88 60.71 58.45 41.96 15.81
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 3.66% 4.30% 4.30% 1.76% 1.65% 1.71% 2.38% 6.33%
Enterprise Value to Invested Capital (EV/IC)		 1.55 2.02 2.07 2.34 2.59 3.16 2.94 4.09 3.75 2.82 2.21
Enterprise Value to Revenue (EV/Rev)		 1.85 2.27 2.18 2.51 2.61 3.04 2.78 3.89 3.43 2.41 2.07
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 17.90 14.31 14.09 19.42 22.92 20.20 13.44 6.88
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 23.84 17.62 16.78 31.72 34.68 31.38 20.21 8.76
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 28.83 21.84 21.20 57.86 59.96 54.49 33.70 11.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.51 8.93 8.09 9.27 9.94 13.23 15.88 24.06 20.64 16.23 11.80
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 114.74 13.30 13.74 22.95 20.98 23.72 37.49 23.72 19.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01
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 0.00
Financial Leverage		 -0.47 -0.47 -0.48 -0.46 -0.47 -0.49 -0.47 -0.46 -0.48 -0.51 -0.51
Leverage Ratio		 1.12 1.12 1.12 1.12 1.13 1.13 1.14 1.14 1.14 1.15 1.15
Compound Leverage Factor		 3.74 1.69 1.07 2.28 1.95 1.65 1.37 1.29 1.26 1.04 1.19
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.67% 0.67% 0.63%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.67% 0.67% 0.63%
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% 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% 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% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.33% 99.33% 99.37%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.06 0.04
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.42 -4.52 -2.78
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 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.16 0.06
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -11.92 -11.34 -4.60
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 0.00
Altman Z-Score		 8.92 9.82 10.54 12.32 12.67 13.50 12.76 15.69 13.34 10.21 9.25
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 7.33 6.98 8.09 9.02 9.52 8.91 8.74 8.43 7.68 7.23 7.16
Quick Ratio		 5.60 5.37 6.09 6.51 6.89 6.50 6.20 5.82 5.23 5.06 4.83
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 68 149 -22 122 98 14 157 191 95 -19 -33
Operating Cash Flow to CapEx		 54.58% 319.05% 289.42% 252.09% 1,956.85% 434.48% 0.00% 260.46% 117.22% 0.00% 310.20%
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 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 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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.39 0.39 0.41 0.43 0.45 0.47 0.47 0.48 0.49 0.48 0.48
Accounts Receivable Turnover		 5.28 5.01 5.30 5.45 5.67 5.98 6.22 5.73 5.69 6.04 6.24
Inventory Turnover		 1.73 1.73 1.70 1.50 1.49 1.55 1.61 1.65 1.77 1.80 1.61
Fixed Asset Turnover		 1.60 1.64 1.78 1.85 2.02 2.18 2.13 2.12 2.31 2.35 2.27
Accounts Payable Turnover		 19.27 19.97 18.70 21.03 20.72 19.93 18.91 18.24 20.05 17.13 14.88
Days Sales Outstanding (DSO)		 69.12 72.87 68.88 66.97 64.38 61.01 58.64 63.69 64.09 60.44 58.47
Days Inventory Outstanding (DIO)		 210.95 210.97 214.95 243.31 244.57 235.73 226.64 221.42 206.43 202.54 226.02
Days Payable Outstanding (DPO)		 18.94 18.28 19.52 17.36 17.62 18.32 19.31 20.01 18.20 21.31 24.53
Cash Conversion Cycle (CCC)		 261.13 265.56 264.30 292.92 291.33 278.42 265.97 265.11 252.33 241.67 259.96
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,134 1,094 1,095 1,189 1,201 1,238 1,250 1,302 1,285 1,224 1,362
Invested Capital Turnover		 0.82 0.84 0.89 0.89 0.96 1.05 1.01 1.00 1.08 1.15 1.12
Increase / (Decrease) in Invested Capital		 -67 -144 -155 -113 -84 14 -112 -136 -40 -43 106
Enterprise Value (EV)		 1,760 2,215 2,268 2,782 3,115 3,915 3,676 5,329 4,819 3,450 3,017
Market Capitalization		 2,687 3,145 3,287 3,846 4,255 5,093 4,810 6,425 5,873 4,612 4,235
Book Value per Share		 $48.43 $46.81 $47.81 $49.45 $50.93 $51.48 $50.33 $50.70 $49.10 $48.97 $51.40
Tangible Book Value per Share		 $45.54 $43.98 $46.44 $48.10 $49.55 $50.10 $48.93 $49.25 $47.62 $47.48 $49.92
Total Capital		 2,060 2,024 2,115 2,253 2,341 2,415 2,384 2,399 2,354 2,401 2,597
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16 16 16
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -927 -930 -1,019 -1,064 -1,140 -1,177 -1,133 -1,096 -1,054 -1,162 -1,218
Capital Expenditures (CapEx)		 25 23 23 21 2.79 24 -2.57 26 32 -0.44 24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 319 296 357 464 497 522 567 599 612 550 605
Debt-free Net Working Capital (DFNWC)		 1,246 1,226 1,376 1,527 1,637 1,700 1,701 1,696 1,682 1,728 1,840
Net Working Capital (NWC)		 1,246 1,226 1,376 1,527 1,637 1,700 1,701 1,696 1,666 1,712 1,823
Net Nonoperating Expense (NNE)		 -3.11 -2.86 56 -10 -10 -13 -9.82 -7.29 -5.68 31 -3.10
Net Nonoperating Obligations (NNO)		 -927 -930 -1,019 -1,064 -1,140 -1,177 -1,133 -1,096 -1,054 -1,162 -1,218
Total Depreciation and Amortization (D&A)		 11 13 12 9.50 9.00 9.60 11 12 13 21 23
Debt-free, Cash-free Net Working Capital to Revenue		 33.53% 30.27% 34.26% 41.76% 41.72% 40.57% 42.91% 43.77% 43.52% 38.48% 41.42%
Debt-free Net Working Capital to Revenue		 130.79% 125.47% 132.12% 137.62% 137.34% 132.03% 128.64% 123.82% 119.55% 120.85% 125.96%
Net Working Capital to Revenue		 130.79% 125.47% 132.12% 137.62% 137.34% 132.03% 128.64% 123.82% 118.43% 119.73% 124.84%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.09 $0.27 ($5.33) $0.45 $0.52 $0.90 $1.16 $1.32 $1.26 ($1.73) $1.48
Adjusted Weighted Average Basic Shares Outstanding		 42.60M 44.34M 43.84M 44.92M 45.96M 47.15M 47.24M 47.32M 47.54M 50.76M 51.63M
Adjusted Diluted Earnings per Share		 $0.09 $0.27 ($5.33) $0.45 $0.52 $0.90 $1.16 $1.31 $1.26 ($1.72) $1.47
Adjusted Weighted Average Diluted Shares Outstanding		 42.83M 44.34M 43.84M 45.01M 46.17M 47.32M 47.39M 47.45M 47.78M 50.92M 51.74M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 42.53M 42.55M 43.25M 44.23M 45.57M 46.10M 46.92M 47.37M 47.31M 47.63M 48.71M
Normalized Net Operating Profit after Tax (NOPAT)		 1.28 9.77 -20 9.70 14 28 45 56 55 -62 74
Normalized NOPAT Margin		 0.56% 4.17% -8.75% 3.77% 5.44% 9.49% 14.92% 16.40% 15.72% -18.57% 21.30%
Pre Tax Income Margin		 4.66% 9.39% -104.02% 9.71% 13.33% 14.10% 22.50% 24.01% 23.99% -24.00% 27.82%
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 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 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 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 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% 0.00%
Augmented Payout Ratio		 -125.87% -189.40% -236.93% 229.24% 109.39% 102.11% 326.59% 283.21% 527.15% 450.97% 163.50%

Frequently Asked Questions About IPG Photonics' Financials

When does IPG Photonics's financial year end?

According to the most recent income statement we have on file, IPG Photonics' fiscal year ends in December. Their fiscal 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 5/29/2025 by MarketBeat.com Staff
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