IPGP - IPG Photonics Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$151.50
DETAILS
HIGH:
$180.00
LOW:
$110.00
MEDIAN:
$158.00
CONSENSUS:
$151.50
UPSIDE:
27.31%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 1,003.8 | 977.1 | 1,287.4 | 1,429.5 | 1,460.9 | 1,200.7 | 1,314.6 | 1,459.9 | 1,408.9 | 1,006.2 | 901.3 | 769.8 | 648.0 | 562.5 | 474.5 | 299.3 | 185.9 | 229.1 | 188.7 | 143.2 | 96.4 | 60.7 | 33.7 | 22.2 | 26.5 |
| Cost of Revenue | 622.3 | 639.0 | 745.7 | 874.1 | 764.5 | 661.7 | 708.4 | 659.6 | 612.0 | 453.9 | 409.4 | 353.3 | 308.1 | 257.8 | 217.2 | 152.8 | 121.6 | 121.8 | 103.7 | 79.9 | 62.5 | 42.3 | 0 | 23.3 | 26.2 |
| Gross Profit | 381.5 | 338.2 | 541.7 | 555.4 | 696.4 | 539.0 | 606.2 | 800.3 | 796.9 | 552.2 | 491.9 | 416.5 | 339.9 | 304.7 | 257.3 | 146.5 | 64.3 | 107.3 | 85.0 | 63.3 | 33.9 | 18.4 | 33.7 | (1.1) | 0.3 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D Expenses | 117.4 | 109.8 | 98.7 | 116.1 | 139.6 | 126.9 | 130.0 | 122.8 | 100.9 | 78.6 | 63.3 | 53.4 | 41.7 | 31.4 | 25.4 | 19.2 | 18.5 | 15.8 | 9.5 | 6.5 | 5.8 | 4.8 | 0 | 8.4 | 0 |
| SG&A Expenses | 241.0 | 213.9 | 211.4 | 207.9 | 204.1 | 180.6 | 185.3 | 160.2 | 130.5 | 104.9 | 89.1 | 86.0 | 77.6 | 63.1 | 59.2 | 47.7 | 35.6 | 34.3 | 29.1 | 20.7 | 13.8 | 10.5 | 0 | 33.3 | 0 |
| Other Expenses | 10.0 | 222.7 | (0.4) | 61.9 | (15.1) | 32.9 | 57.1 | (6.2) | 14.5 | 4.5 | (2.6) | (6.6) | 2.5 | 1.4 | (2.9) | (0.8) | 1.0 | (2.8) | 0 | 0 | 0 | 0 | 33.7 | 9.5 | 63.6 |
| Operating Expenses | 368.4 | 546.4 | 309.7 | 385.9 | 328.5 | 340.3 | 372.4 | 276.9 | 245.8 | 187.9 | 149.8 | 132.8 | 121.8 | 95.8 | 81.7 | 66.1 | 55.2 | 50.1 | 38.7 | 27.3 | 19.6 | 15.4 | 33.7 | 51.1 | 63.6 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | 13.1 | (208.3) | 232.0 | 169.5 | 367.9 | 198.7 | 233.8 | 523.4 | 551.1 | 364.3 | 342.0 | 283.8 | 218.1 | 208.9 | 175.5 | 80.4 | 9.1 | 57.2 | 46.3 | 36.0 | 14.3 | 3.1 | 33.7 | (52.2) | (63.3) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3 | 0 | 0.1 | 0.0 | 0.3 | 0.7 | 1.2 | 1.3 | 0.8 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 45.5 | 0 | 12.6 | 0 | 6.3 | 14.2 | 9.1 | 0.7 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | 112.0 | 75.9 | 301.2 | 322.0 | 449.1 | 326.1 | 387.1 | 597.5 | 630.1 | 420.3 | 381.9 | 312.8 | 252.2 | 236.4 | 196.6 | 101.4 | 28.2 | 73.2 | 58.6 | 45.1 | 21.9 | 10.2 | 33.7 | (52.2) | (63.3) |
| EBIT | 45.1 | 14.5 | 231.6 | 231.4 | 352.8 | 231.5 | 290.9 | 517.3 | 565.6 | 368.8 | 339.5 | 277.1 | 220.7 | 210.2 | 172.7 | 79.6 | 9.0 | 57.3 | 46.3 | 36.0 | 13.8 | 3.1 | 33.7 | (52.2) | (63.3) |
| Income Before Tax | 45.1 | (161.9) | 274.9 | 183.4 | 366.5 | 205.7 | 248.4 | 534.4 | 551.9 | 366.6 | 341.6 | 284.5 | 218.3 | 209.2 | 174.6 | 79.3 | 7.8 | 56.6 | 47.6 | 28.1 | 11.9 | 0.5 | 0 | (48.4) | (53.6) |
| Income Tax Expense | 14 | 19.6 | 56.0 | 72.6 | 88.6 | 45.4 | 68.1 | 130.2 | 204.3 | 105.8 | 99.6 | 84.0 | 62.5 | 61.5 | 53.6 | 24.9 | 2.5 | 18.1 | 15.5 | (3.0) | 4.1 | (1.6) | 28.2 | 1.2 | (4.0) |
| Net Income | 31.1 | (181.5) | 218.9 | 109.9 | 278.4 | 159.6 | 180.2 | 404.0 | 347.6 | 260.8 | 242.2 | 200.4 | 155.8 | 145.0 | 117.8 | 54.0 | 5.4 | 36.7 | 29.9 | 29.2 | 7.4 | 2.0 | (28.2) | (49.4) | (49.6) |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | 0.73 | -4.09 | 4.64 | 2.17 | 5.21 | 3.00 | 3.40 | 7.55 | 6.50 | 4.91 | 4.59 | 3.85 | 3.02 | 2.87 | 2.48 | 1.16 | 0.12 | 0.82 | 0.69 | 0.27 | 0.19 | 0.01 | -0.74 | -2.13 | -2.07 |
| EPS (Diluted) | 0.73 | -4.09 | 4.63 | 2.16 | 5.16 | 2.97 | 3.35 | 7.38 | 6.36 | 4.85 | 4.53 | 3.79 | 2.97 | 2.81 | 2.41 | 1.13 | 0.12 | 0.79 | 0.65 | 0.26 | 0.16 | 0.01 | -0.74 | -2.13 | -2.07 |
| Shares Outstanding | 42.6 | 44.3 | 47.2 | 50.8 | 53.4 | 53.2 | 53.1 | 53.5 | 53.5 | 53.1 | 52.7 | 52.1 | 51.5 | 50.5 | 47.4 | 46.4 | 45.5 | 44.5 | 43.3 | 27.9 | 39.3 | 38.5 | 38.3 | 23.2 | 24.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||
| Cash & Cash Equivalents | 403.8 | 620.0 | 514.7 | 698.2 | 709.1 | 876.2 | 680.1 | 544.4 | 909.9 | 623.9 | 82.9 | 51.3 | 2.5 | 1.4 | 8.9 |
| Short-Term Investments | 435.5 | 310.2 | 662.8 | 479.4 | 805.4 | 514.8 | 502.5 | 500.4 | 206.3 | 206.8 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 181.7 | 171.1 | 219.1 | 211.3 | 262.1 | 264.3 | 238.5 | 255.5 | 237.3 | 155.9 | 32.9 | 43.8 | 10.8 | 0 | 0 |
| Inventory | 313.4 | 284.8 | 453.9 | 509.4 | 460.7 | 365.0 | 380.8 | 403.6 | 307.7 | 239.0 | 52.9 | 72.6 | 29.6 | 0 | 0 |
| Other Current Assets | 45.8 | 27.3 | 38.2 | 47.0 | 73.3 | 57.8 | 55.9 | 57.8 | 47.9 | 41.3 | 7.6 | 6.2 | 1.6 | 0 | 0 |
| Total Current Assets | 1,423.4 | 1,431.0 | 1,914.7 | 1,986.3 | 2,347.7 | 2,148.1 | 1,896.6 | 1,805.4 | 1,754.0 | 1,301.0 | 181.3 | 181.0 | 46.7 | 1.4 | 8.9 |
| Non-Current Assets | |||||||||||||||
| Property, Plant & Equipment | 637.5 | 588.4 | 602.3 | 580.6 | 635.3 | 597.5 | 600.9 | 543.1 | 460.2 | 379.4 | 111.5 | 114.5 | 46.0 | 0 | 0 |
| Goodwill | 71.7 | 67.2 | 38.5 | 38.3 | 38.6 | 41.4 | 82.1 | 100.7 | 55.8 | 19.8 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 49.9 | 55.4 | 26.2 | 34.1 | 52.7 | 62.1 | 74.3 | 87.1 | 51.2 | 28.8 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 76.5 | 0 | 0 | 0 | 0 | 0 | 0 | 4.7 | 0.0 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 41.2 | 32.2 | 28.4 | 28.8 | 48.5 | 43.4 | 45.2 | 14.2 | 19.0 | 18.5 | 16.0 | 15.3 | 13.2 | 0 | 0 |
| Total Non-Current Assets | 1,000.8 | 858.3 | 784.2 | 757.0 | 822.9 | 787.6 | 833.8 | 769.0 | 618.0 | 489.0 | 131.3 | 132.2 | 63.9 | 0 | 0 |
| Total Assets | 2,424.3 | 2,289.3 | 2,698.9 | 2,743.3 | 3,170.5 | 2,935.7 | 2,730.4 | 2,574.4 | 2,372.0 | 1,790.0 | 312.6 | 313.2 | 110.5 | 117.2 | 128.2 |
| Current Liabilities | |||||||||||||||
| Account Payables | 39.3 | 35.4 | 28.6 | 46.2 | 55.8 | 25.7 | 27.3 | 36.3 | 35.1 | 28.0 | 5.6 | 7.7 | 3.2 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 16.0 | 18.1 | 3.8 | 3.7 | 3.7 | 3.6 | 3.2 | 7.3 | 21.1 | 14.3 | 0 | 0 |
| Deferred Revenue | 0 | 56.5 | 69.2 | 80.1 | 89.7 | 71.2 | 59.5 | 56.5 | 47.3 | 34.6 | 2.2 | 19.7 | 7.2 | 0 | 0 |
| Other Current Liabilities | 184.8 | 69.4 | 80.3 | 89.0 | 109.5 | 62.8 | 48.9 | 84.7 | 81.2 | 58.7 | 15.9 | 10.3 | 4.6 | 0 | 0 |
| Total Current Liabilities | 234.0 | 205.0 | 214.9 | 274.6 | 313.4 | 214.6 | 191.9 | 245.8 | 198.9 | 158.3 | 36.8 | 49.0 | 25.7 | 0 | 0 |
| Non-Current Liabilities | |||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 16.0 | 34.2 | 38.0 | 41.7 | 45.4 | 37.6 | 16.7 | 18.0 | 39.4 | 0 | 0 |
| Deferred Tax Liabilities | 62.1 | 14.2 | 1.5 | 1.5 | 1.6 | 92.9 | 98.1 | 80.7 | 105.4 | 36.4 | 2.6 | 2.9 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 32.4 | 53.5 | 65.0 | 73.7 | 0 | 0 | 0 | 100.7 | 0 | 0 | 0 | 94.0 | 0 | 0 |
| Total Non-Current Liabilities | 62.1 | 59.8 | 68.7 | 83.3 | 109.9 | 127.0 | 136.1 | 122.4 | 150.8 | 74 | 19.2 | 20.9 | 133.4 | 0 | 0 |
| Total Liabilities | 296.1 | 264.8 | 283.5 | 357.9 | 423.3 | 341.6 | 328.0 | 368.2 | 349.7 | 232.3 | 56.1 | 69.9 | 159.1 | 136.7 | 0 |
| Stockholders' Equity | |||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | 2,645.0 | 2,613.9 | 2,795.4 | 2,576.5 | 2,466.6 | 2,188.2 | 2,028.7 | 1,848.5 | 1,443.9 | 1,094.1 | (48.4) | (53.8) | (157.1) | 0 | 0 |
| Accumulated Other Comprehensive Income | (38.4) | (119.4) | (212.5) | (204.5) | (190.0) | (146.1) | (146.9) | (162.9) | (77.3) | (178.6) | 11.1 | 8.8 | 6.9 | 0 | 0 |
| Total Stockholders' Equity | 2,128.1 | 2,024.5 | 2,415.4 | 2,385.4 | 2,746.6 | 2,592.8 | 2,401.7 | 2,205.5 | 2,022.3 | 1,557.6 | 256.4 | 238.2 | (49.0) | (19.5) | 12.1 |
| Total Liabilities & Equity | 2,424.3 | 2,289.3 | 2,698.9 | 2,743.3 | 3,170.5 | 2,935.7 | 2,730.4 | 2,574.4 | 2,372.0 | 1,790.0 | 312.6 | 313.2 | 110.5 | 117.2 | 128.2 |
| Debt Metrics | |||||||||||||||
| Total Debt | 0 | 18.0 | 18.3 | 38.1 | 58.1 | 43.7 | 47.0 | 45.4 | 49.0 | 40.8 | 24.0 | 39.1 | 53.6 | 0 | 0 |
| Net Debt | (403.8) | (602.1) | (496.4) | (660.2) | (651.0) | (832.5) | (633.1) | (499.0) | (860.9) | (583.0) | (58.9) | (12.2) | 51.1 | (1.4) | (8.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 31.1 | (181.5) | 218.9 | 110.8 | 277.9 | 160.3 | 180.3 | 404.2 | 347.6 | 260.7 | 7.4 | 2.0 |
| Depreciation & Amortization | 66.9 | 61.4 | 69.6 | 90.6 | 96.3 | 94.6 | 96.3 | 80.3 | 64.6 | 51.5 | 7.6 | 7.2 |
| Stock-Based Compensation | 0 | 37.1 | 39.5 | 38.3 | 37.9 | 35.5 | 33.4 | 28.0 | 23.0 | 21.7 | 0 | 0 |
| Change in Working Capital | (85.3) | 61.5 | (54.6) | (202.2) | (84.0) | (96.8) | (91.4) | (147.2) | (107.5) | (80.2) | (7.7) | (4.3) |
| Other Non-Cash Items | 76.4 | 295.1 | 36.3 | 202.8 | 68.5 | 104.5 | 120.5 | 32.6 | 53.9 | 51.5 | 3.4 | 1.8 |
| Operating Cash Flow | 75.3 | 247.9 | 296.0 | 212.6 | 389.7 | 285.3 | 323.5 | 393.3 | 404.4 | 292.3 | 13.6 | 6.2 |
| Investing Activities | ||||||||||||
| Capital Expenditure | (78.8) | (98.5) | (110.5) | (110.1) | (123.1) | (87.7) | (133.5) | (160.3) | (126.5) | (127.0) | (16.0) | (4.0) |
| Acquisitions | 0.5 | (92.1) | 0 | 50.9 | 1.4 | (0.4) | (15.1) | (109.1) | (59.5) | (47.8) | 0 | 0 |
| Purchases of Investments | (943.3) | (713.2) | (1,232.9) | (1,117.0) | (1,940.6) | (1,111.6) | (760.3) | (765.3) | (211.8) | (299.5) | 0 | 0 |
| Sales/Maturities of Investments | 755.4 | 1,083.5 | 1,074.0 | 1,446.4 | 1,647.5 | 1,099.2 | 768.1 | 470.3 | 212.5 | 198.8 | 0 | 0 |
| Other Investing Activities | 1.0 | 29.0 | 31.8 | 26.8 | (1.5) | 0.9 | 0.9 | 1.4 | 15.5 | 1.1 | 7.3 | 0.2 |
| Investing Cash Flow | (265.2) | 208.7 | (237.6) | 297.0 | (416.3) | (99.6) | (140.0) | (563.0) | (169.9) | (274.4) | (8.6) | (3.9) |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 0 | 0 | (16.0) | (18.1) | (3.8) | (3.7) | (3.7) | (3.6) | 8.2 | 21.2 | 0.1 | (0.8) |
| Stock Repurchased | (54.2) | (343.8) | (223.5) | (499.5) | (134.9) | (37.9) | (40.7) | (176.1) | (40.0) | (8.9) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 4.2 | 3.1 | 3.1 | 13.6 | 31.5 | 7.3 | 13.0 | 28.5 | 20.6 | 0.0 | 0.1 |
| Financing Cash Flow | (54.2) | (339.6) | (236.4) | (514.5) | (125.1) | (10.1) | (37.1) | (166.6) | (3.4) | 32.9 | 1.1 | (0.4) |
| Cash Position | ||||||||||||
| Net Change in Cash | (216.2) | 105.4 | (183.5) | (10.9) | (169.4) | 195.6 | 138.6 | (365.5) | 286.0 | 41.3 | 5.8 | 2.0 |
| Cash at Beginning | 620.0 | 514.7 | 698.2 | 709.1 | 878.6 | 683.0 | 544.4 | 909.9 | 623.9 | 582.5 | 2.5 | 0.5 |
| Cash at End | 403.8 | 620.0 | 514.7 | 698.2 | 709.1 | 878.6 | 683.0 | 544.4 | 909.9 | 623.9 | 8.4 | 2.5 |
| Free Cash Flow | (3.5) | 149.4 | 185.5 | 102.5 | 266.6 | 197.6 | 190.0 | 233.0 | 277.9 | 165.2 | (2.4) | 2.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 1,003.8 | 977.1 | 1,287.4 | 1,429.5 | 1,460.9 | 1,200.7 | 1,314.6 | 1,459.9 | 1,408.9 | 1,006.2 | 901.3 | 769.8 | 648.0 | 562.5 | 474.5 | 299.3 | 185.9 | 229.1 | 188.7 | 143.2 | 96.4 | 60.7 | 33.7 | 22.2 | 26.5 |
| Gross Profit | 381.5 | 338.2 | 541.7 | 555.4 | 696.4 | 539.0 | 606.2 | 800.3 | 796.9 | 552.2 | 491.9 | 416.5 | 339.9 | 304.7 | 257.3 | 146.5 | 64.3 | 107.3 | 85.0 | 63.3 | 33.9 | 18.4 | 33.7 | (1.1) | 0.3 |
| Operating Income | 13.1 | (208.3) | 232.0 | 169.5 | 367.9 | 198.7 | 233.8 | 523.4 | 551.1 | 364.3 | 342.0 | 283.8 | 218.1 | 208.9 | 175.5 | 80.4 | 9.1 | 57.2 | 46.3 | 36.0 | 14.3 | 3.1 | 33.7 | (52.2) | (63.3) |
| Net Income | 31.1 | (181.5) | 218.9 | 109.9 | 278.4 | 159.6 | 180.2 | 404.0 | 347.6 | 260.8 | 242.2 | 200.4 | 155.8 | 145.0 | 117.8 | 54.0 | 5.4 | 36.7 | 29.9 | 29.2 | 7.4 | 2.0 | (28.2) | (49.4) | (49.6) |
| EPS (Diluted) | 0.73 | -4.09 | 4.63 | 2.16 | 5.16 | 2.97 | 3.35 | 7.38 | 6.36 | 4.85 | 4.53 | 3.79 | 2.97 | 2.81 | 2.41 | 1.13 | 0.12 | 0.79 | 0.65 | 0.26 | 0.16 | 0.01 | -0.74 | -2.13 | -2.07 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 403.8 | 620.0 | 514.7 | 698.2 | 709.1 | 876.2 | 680.1 | 544.4 | 909.9 | 623.9 | 82.9 | 51.3 | 2.5 | 1.4 | 8.9 | ||||||||||
| Total Assets | 2,424.3 | 2,289.3 | 2,698.9 | 2,743.3 | 3,170.5 | 2,935.7 | 2,730.4 | 2,574.4 | 2,372.0 | 1,790.0 | 312.6 | 313.2 | 110.5 | 117.2 | 128.2 | ||||||||||
| Total Debt | 0 | 18.0 | 18.3 | 38.1 | 58.1 | 43.7 | 47.0 | 45.4 | 49.0 | 40.8 | 24.0 | 39.1 | 53.6 | 0 | 0 | ||||||||||
| Stockholders' Equity | 2,128.1 | 2,024.5 | 2,415.4 | 2,385.4 | 2,746.6 | 2,592.8 | 2,401.7 | 2,205.5 | 2,022.3 | 1,557.6 | 256.4 | 238.2 | (49.0) | (19.5) | 12.1 | ||||||||||
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | 75.3 | 247.9 | 296.0 | 212.6 | 389.7 | 285.3 | 323.5 | 393.3 | 404.4 | 292.3 | 13.6 | 6.2 | |||||||||||||
| Capital Expenditure | (78.8) | (98.5) | (110.5) | (110.1) | (123.1) | (87.7) | (133.5) | (160.3) | (126.5) | (127.0) | (16.0) | (4.0) | |||||||||||||
| Free Cash Flow | (3.5) | 149.4 | 185.5 | 102.5 | 266.6 | 197.6 | 190.0 | 233.0 | 277.9 | 165.2 | (2.4) | 2.2 | |||||||||||||