IPGP
IPG Photonics Corporation
NASDAQ: IPGP · TECHNOLOGY · SEMICONDUCTOR EQUIPMENT & MATERIALS
$113.26
+0.80% today
Updated 2026-04-29
Market cap
$4.77B
P/E ratio
153.92
P/S ratio
4.75x
EPS (TTM)
$0.73
Dividend yield
—
52W range
$52 – $156
Volume
0.5M
IPG Photonics Corporation (IPGP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $143.22M | $188.68M | $229.08M | $185.89M | $299.26M | $474.48M | $562.53M | $648.03M | $769.83M | $901.26M | $1.01B | $1.41B | $1.46B | $1.31B | $1.20B | $1.46B | $1.43B | $1.29B | $977.13M | $1.00B |
| Revenue growth (YoY) | — | +31.7% | +21.4% | -18.9% | +61.0% | +58.6% | +18.6% | +15.2% | +18.8% | +17.1% | +11.6% | +40.0% | +3.6% | -10.0% | -8.7% | +21.7% | -2.1% | -9.9% | -24.1% | +2.7% |
| Cost of revenue | $79.93M | $103.69M | $121.78M | $121.63M | $152.80M | $217.23M | $257.80M | $308.14M | $353.31M | $409.39M | $453.93M | $611.98M | $659.61M | $708.37M | $661.73M | $764.46M | $874.13M | $745.74M | $638.98M | $622.31M |
| Gross profit | $63.29M | $84.98M | $107.30M | $64.27M | $146.46M | $257.25M | $304.73M | $339.90M | $416.52M | $491.88M | $552.24M | $796.91M | $800.27M | $606.21M | $539.00M | $696.40M | $555.41M | $541.70M | $338.15M | $381.46M |
| Gross margin | 44.2% | 45.0% | 46.8% | 34.6% | 48.9% | 54.2% | 54.2% | 52.5% | 54.1% | 54.6% | 54.9% | 56.6% | 54.8% | 46.1% | 44.9% | 47.7% | 38.9% | 42.1% | 34.6% | 38.0% |
| R&D | $6.54M | $9.53M | $15.80M | $18.54M | $19.16M | $25.42M | $31.40M | $41.66M | $53.40M | $63.33M | $78.55M | $100.87M | $122.77M | $130.00M | $126.90M | $139.57M | $116.11M | $98.70M | $109.78M | $117.40M |
| SG&A | $14.52M | $29.13M | $34.30M | $20.49M | $28.64M | $37.44M | $39.23M | $50.86M | $55.34M | $57.19M | $66.49M | $80.67M | $102.43M | $107.60M | $110.00M | $125.88M | $131.25M | $125.75M | $124.31M | $143.14M |
| Operating income | $36.01M | $46.32M | $57.20M | $9.06M | $80.40M | $175.52M | $208.89M | $218.15M | $283.76M | $342.04M | $364.31M | $551.11M | $523.40M | $233.79M | $198.66M | $367.88M | $169.50M | $231.97M | $-208.25M | $13.10M |
| Operating margin | 25.1% | 24.6% | 25.0% | 4.9% | 26.9% | 37.0% | 37.1% | 33.7% | 36.9% | 38.0% | 36.2% | 39.1% | 35.9% | 17.8% | 16.5% | 25.2% | 11.9% | 18.0% | -21.3% | 1.3% |
| EBITDA | $45.11M | $58.63M | $73.17M | $28.19M | $101.40M | $196.62M | $236.39M | $252.21M | $312.75M | $381.90M | $420.28M | $630.14M | $597.53M | $387.14M | $326.06M | $449.09M | $321.97M | $301.19M | $75.92M | $111.95M |
| EBITDA margin | 31.5% | 31.1% | 31.9% | 15.2% | 33.9% | 41.4% | 42.0% | 38.9% | 40.6% | 42.4% | 41.8% | 44.7% | 40.9% | 29.4% | 27.2% | 30.7% | 22.5% | 23.4% | 7.8% | 11.2% |
| EBIT | $36.01M | $46.32M | $57.34M | $9.02M | $79.55M | $172.66M | $210.25M | $220.68M | $277.14M | $339.48M | $368.81M | $565.57M | $517.25M | $290.87M | $231.51M | $352.76M | $231.40M | $231.57M | $14.48M | $45.10M |
| Interest expense | $1.49M | $674000.00 | $777000.00 | $1.25M | $1.19M | $681000.00 | $319000.00 | $1000.00 | $77000.00 | $301000.00 | $1.30M | $737000.00 | $0.00 | $14.24M | $59.44M | $1.84M | $12.62M | $41.73M | — | — |
| Income tax | $-3.00M | $15.52M | $18.11M | $2.48M | $24.90M | $53.58M | $61.47M | $62.52M | $84.03M | $99.59M | $105.85M | $204.28M | $130.23M | $68.11M | $45.35M | $88.61M | $72.59M | $56.00M | $19.64M | $14.00M |
| Effective tax rate | -11.4% | 34.2% | 33.1% | 31.4% | 31.6% | 31.3% | 29.8% | 28.6% | 29.5% | 29.1% | 28.9% | 37.0% | 24.4% | 27.4% | 22.1% | 24.1% | 39.8% | 20.4% | -12.1% | 31.0% |
| Net income | $29.23M | $29.89M | $36.65M | $5.42M | $53.99M | $117.76M | $145.00M | $155.78M | $200.44M | $242.15M | $260.75M | $347.61M | $404.03M | $180.23M | $159.57M | $278.42M | $109.91M | $218.88M | $-181.53M | $31.10M |
| Net income growth (YoY) | — | +2.3% | +22.6% | -85.2% | +896.3% | +118.1% | +23.1% | +7.4% | +28.7% | +20.8% | +7.7% | +33.3% | +16.2% | -55.4% | -11.5% | +74.5% | -60.5% | +99.1% | -182.9% | +117.1% |
| Profit margin | 20.4% | 15.8% | 16.0% | 2.9% | 18.0% | 24.8% | 25.8% | 24.0% | 26.0% | 26.9% | 25.9% | 24.7% | 27.7% | 13.7% | 13.3% | 19.1% | 7.7% | 17.0% | -18.6% | 3.1% |