IPG Photonics Corporation

IPG Photonics Corporation

IPGP · NASDAQ · Technology / Semiconductor Equipment & Materials

67.78USD-3.08 (-4.35%)

Price History

Full chart

Market Stats

Previous Close70.86
Open70.78
Day Range67.64 – 71.44
52-Week Range69.41 – 155.82
Volume248.20K
Market Cap3.28B
P/E (TTM)120.67
Forward P/E32.36
EPS0.64
Dividend Yield0.00%
Beta0.98
50-Day Avg81.97
200-Day Avg101.27

About

IPG Photonics Corporation develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used in materials processing, medical, and advanced applications. The company offers laser products, including hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; and high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers, as well as other versions. It also provides complementary products, such as optical fiber delivery cables, fiber couplers, beam switches, optical processing heads, process measuring and monitoring technologies, and in-line sensors and chillers. In addition, the company offers LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems; high precision laser systems for medical technology industry; multi axis Cartesian systems for fine welding, cutting, and drilling applications; laser and non-laser robotic welding and automation solutions; and related accessories for specific medical applications. The company sells and markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. It serves general manufacturing, automotive, consumer goods, medical devices, energy/renewable energy, micro electronics, original equipment manufacturers instrument manufacturing, scientific, as well as aerospace and defense, rail, and shipbuilding markets. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts.

Company Details

  • SectorTechnology
  • IndustrySemiconductor Equipment & Materials
  • CEODr. Mark Milton Gitin Ph.D.
  • Employees4.84K
  • Headquarters377 Simarano Drive, Marlborough, MA, United States, 01752, USA
  • Websitehttps://www.ipgphotonics.com

Leadership

  • Dr. Mark Milton Gitin Ph.D.CEO & Director · b. 1967
  • Mr. Timothy P. V. MammenSenior VP & CFO · b. 1970
  • Dr. Paulus Bucher Ph.D.Senior Vice President of Global Operations · b. 1967
  • Mr. Angelo P. Lopresti II, J.D.Senior VP, General Counsel & Secretary · b. 1964
  • Mr. Trevor D. NessSenior Vice President & Chief Revenue Officer · b. 1973
  • Ms. Mary E. ButtarazziVP, Corporate Controller, Chief Accounting Officer & Principal Accounting Officer · b. 1976
  • Dr. Igor Samartsev Ph.D.Senior VP & Chief Scientist · b. 1963
  • Mr. Eugene FedotoffSenior Director of Investor Relations
  • Ms. Jennifer KartonoSenior VP & Chief Human Resources Officer · b. 1970
  • Dr. Eugene A. Scherbakov Ph.D.Director & Advisor · b. 1948

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue26.49M22.18M33.74M60.71M96.39M143.22M188.68M229.08M185.89M299.26M474.48M562.53M648.03M769.83M901.26M1.01B1.41B1.46B1.31B1.20B1.46B1.43B1.29B977.13M1.00B
Growth (%)--16.27%+52.12%+79.93%+58.77%+48.60%+31.73%+21.41%-18.85%+60.98%+58.55%+18.56%+15.20%+18.80%+17.07%+11.64%+40.02%+3.62%-9.95%-8.66%+21.66%-2.14%-9.94%-24.10%+2.73%
Cost of Revenue26.22M23.28M-42.27M62.48M79.93M103.69M121.78M121.63M152.80M217.23M257.80M308.14M353.31M409.39M453.93M611.98M659.61M708.37M661.73M764.46M874.13M745.74M638.98M622.31M
Gross Profit267.00K-1.10M33.74M18.43M33.90M63.29M84.98M107.30M64.27M146.46M257.25M304.73M339.90M416.52M491.88M552.24M796.91M800.27M606.21M539.00M696.40M555.41M541.70M338.15M381.46M
Gross Margin1.01%-4.95%100.00%30.36%35.18%44.19%45.04%46.84%34.57%48.94%54.22%54.17%52.45%54.11%54.58%54.89%56.56%54.82%46.11%44.89%47.67%38.85%42.08%34.61%38.00%
Operating Expense63.56M51.12M015.37M19.62M27.29M38.66M50.10M55.21M66.06M81.73M95.84M121.75M132.76M149.83M187.93M245.80M276.86M372.42M340.34M328.51M385.91M309.73M546.41M368.36M
Operating Income-63.30M-52.22M33.74M3.06M14.28M36.01M46.32M57.20M9.06M80.40M175.52M208.89M218.15M283.76M342.04M364.31M551.11M523.40M233.79M198.66M367.88M169.50M231.97M-208.25M13.10M
Operating Margin-238.95%-235.43%100.00%5.04%14.82%25.14%24.55%24.97%4.87%26.87%36.99%37.13%33.66%36.86%37.95%36.21%39.12%35.85%17.78%16.54%25.18%11.86%18.02%-21.31%1.31%
EBITDA-63.30M-52.22M33.74M10.21M21.86M45.11M58.63M73.17M28.19M101.40M196.62M236.39M252.21M312.75M381.90M420.28M630.14M597.53M387.14M326.06M449.09M321.97M301.19M75.92M111.95M
EBITDA Margin-238.95%-235.43%100.00%16.83%22.69%31.50%31.07%31.94%15.17%33.88%41.44%42.02%38.92%40.63%42.37%41.77%44.73%40.93%29.45%27.16%30.74%22.52%23.39%7.77%11.15%
Net Income-49.62M-49.38M-28.21M2.01M7.43M29.23M29.89M36.65M5.42M53.99M117.76M145.00M155.78M200.44M242.15M260.75M347.61M404.03M180.23M159.57M278.42M109.91M218.88M-181.53M31.10M
Net Income Margin-187.32%-222.66%-83.61%3.31%7.71%20.41%15.84%16.00%2.92%18.04%24.82%25.78%24.04%26.04%26.87%25.92%24.67%27.68%13.71%13.29%19.06%7.69%17.00%-18.58%3.10%
R&D-8.38M-4.83M5.79M6.54M9.53M15.80M18.54M19.16M25.42M31.40M41.66M53.40M63.33M78.55M100.87M122.77M130.00M126.90M139.57M116.11M98.70M109.78M117.40M
R&D as % of Total Revenue-37.80%-7.96%6.01%4.57%5.05%6.90%9.98%6.40%5.36%5.58%6.43%6.94%7.03%7.81%7.16%8.41%9.89%10.57%9.55%8.12%7.67%11.24%11.70%
Interest Expense000001.49M674.00K777.00K1.25M1.19M681.00K319.00K1.00K77.00K301.00K1.30M737.00K014.24M59.44M1.84M12.62M41.73M--
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%1.04%0.36%0.34%0.67%0.40%0.14%0.06%0.00%0.01%0.03%0.13%0.05%0.00%1.08%4.95%0.13%0.88%3.24%--

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets128.23M117.17M-110.55M115.48M232.49M263.32M313.22M312.64M441.76M608.41M895.50M1.06B1.21B1.45B1.79B2.37B2.57B2.73B2.94B3.17B2.74B2.70B2.29B2.42B
Total Liabilities-136.68M-159.07M161.04M71.07M58.69M69.92M56.06M124.80M118.68M152.57M133.25M164.33M192.76M232.28M349.65M368.22M327.99M341.59M423.32M357.92M283.51M264.79M296.15M
Total Equity12.09M-19.52M--49.04M-46.50M158.59M200.18M238.17M256.43M316.76M443.32M742.93M927.97M1.05B1.26B1.56B2.02B2.21B2.40B2.59B2.75B2.39B2.42B2.02B2.13B
Cash8.85M1.38M-2.55M8.36M75.67M37.97M51.28M82.92M147.86M180.23M384.05M448.78M522.15M582.53M623.86M909.90M544.36M680.07M876.23M709.11M698.21M514.67M620.04M403.79M
Total Debt---53.61M49.47M40.97M31.22M39.10M24.01M24.21M24.40M18.13M15.96M35.63M19.67M40.82M48.98M45.38M47.01M43.74M58.13M38.05M18.26M17.96M17.25M
Net Debt-8.85M-1.38M-51.06M41.11M-34.70M-6.75M-12.18M-58.91M-123.65M-155.84M-365.92M-432.81M-486.52M-562.87M-583.03M-860.92M-498.98M-633.06M-832.49M-650.97M-660.16M-496.41M-602.08M-386.54M

Cash Flow

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow6.25M13.59M19.20M10.66M34.67M54.41M63.42M87.93M175.50M119.37M184.21M256.57M292.29M404.45M393.30M323.52M285.33M389.70M212.65M295.99M247.90M75.34M
Investing Cash Flow-3.87M-8.64M-19.13M-41.88M-33.65M-10.64M-32.56M-79.67M-55.48M-75.89M-90.08M-181.57M-274.41M-169.86M-563.00M-139.97M-99.57M-416.28M296.95M-237.55M208.73M-265.23M
Financing Cash Flow-426.00K1.14M66.91M-6.79M12.49M-12.28M37.77M31.89M82.09M14.15M11.53M2.50M32.85M-3.37M-166.65M-37.07M-10.08M-125.07M-514.55M-236.38M-339.62M-54.19M
Capital Expenditure4.04M15.99M20.44M34.34M37.11M10.50M28.37M53.58M68.41M70.92M90.60M70.12M127.04M126.53M160.34M133.54M87.70M123.11M110.14M110.48M98.52M78.80M
Free Cash Flow2.21M-2.40M-1.24M-23.68M-2.44M43.91M35.05M34.34M107.09M48.45M93.60M186.45M165.25M277.91M232.96M189.99M197.64M266.59M102.51M185.50M149.37M-3.45M
Dividends Paid-------033.35M00000-7.34M33.19M16.26M5.58M236.38M--
FCF to OCF35.39%-17.70%-6.46%-222.24%-7.04%80.70%55.26%39.06%61.02%40.59%50.82%72.67%56.54%68.71%59.23%58.72%69.27%68.41%48.21%62.67%60.26%-4.58%
Dividend Paid to FCF-------0.00%31.14%0.00%0.00%0.00%0.00%0.00%-3.86%16.80%6.10%5.45%127.43%--

Earnings

Report DateMar 6, 2007May 8, 2007Aug 7, 2007Nov 6, 2007Feb 28, 2008May 6, 2008Aug 5, 2008Nov 6, 2008Feb 24, 2009May 5, 2009Aug 4, 2009Nov 3, 2009Feb 23, 2010May 3, 2010Aug 3, 2010Nov 1, 2010Feb 25, 2011May 3, 2011Aug 2, 2011Nov 1, 2011Feb 10, 2012May 1, 2012Jul 31, 2012Oct 31, 2012Feb 15, 2013May 1, 2013Jul 30, 2013Nov 1, 2013Feb 14, 2014Apr 29, 2014Jul 29, 2014Oct 28, 2014Feb 20, 2015Apr 28, 2015Jul 28, 2015Oct 27, 2015Feb 12, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 14, 2017May 2, 2017Aug 1, 2017Oct 31, 2017Feb 16, 2018May 1, 2018Jul 31, 2018Oct 30, 2018Feb 12, 2019Apr 30, 2019Jul 30, 2019Oct 29, 2019Feb 13, 2020May 5, 2020Aug 4, 2020Oct 30, 2020Feb 16, 2021May 4, 2021Aug 3, 2021Nov 2, 2021Feb 15, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 14, 2023May 2, 2023Aug 1, 2023Oct 31, 2023Feb 13, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Feb 11, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 12, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.140.130.150.160.190.160.180.210.200.120.010.030.070.050.130.230.510.430.560.630.640.600.660.800.720.700.780.840.750.770.850.971.040.991.111.231.090.991.191.231.401.201.641.841.721.822.251.831.411.121.371.210.820.250.620.921.001.111.421.271.190.981.151.150.931.231.271.040.970.500.500.200.210.220.130.200.250.310.400.49
EPS Actual0.170.150.140.190.180.180.190.230.200.07-0.030.050.070.070.220.280.560.470.630.660.640.610.680.810.670.670.800.810.700.770.921.051.071.081.151.181.140.921.251.291.391.381.912.111.861.932.211.841.401.021.341.070.750.680.911.140.921.261.291.401.211.311.101.161.081.261.331.160.900.440.490.290.180.310.300.350.460.290.58-
Surprise21.43%15.38%-6.67%18.75%-5.26%12.50%5.56%9.52%0.00%-41.67%-400.00%66.67%0.00%40.00%69.23%21.74%9.80%9.30%12.50%4.76%0.00%1.67%3.03%1.25%-6.94%-4.29%2.56%-3.57%-6.67%0.00%8.24%8.25%2.88%9.09%3.60%-4.07%4.59%-7.07%5.04%4.88%-0.71%15.00%16.46%14.67%8.14%6.04%-1.78%0.55%-0.71%-8.93%-2.19%-11.57%-8.54%172.00%46.77%23.91%-8.00%13.51%-9.15%10.24%1.68%33.67%-4.35%0.87%16.13%2.44%4.72%11.54%-7.22%-12.00%-2.00%45.00%-14.29%40.91%130.77%75.00%84.00%-6.45%45.00%-
Timing-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap3.28B
Enterprise Value2.43B
Trailing P/E120.67
Forward P/E32.36
PEG Ratio1.83
Price / Sales3.07
Price / Book1.54
EPS0.64
Book Value50.01
Revenue (TTM)1.07B
Gross Profit (TTM)405.04M
EBITDA104.39M
Profit Margin2.58%
Operating Margin5.90%
Return on Equity1.30%
Return on Assets0.97%
Shares Outstanding42.44M
Shares Float27.82M
Beta0.98
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Hold
Based on 9 analystsTarget 124.14
  • Strong Buy
    2
  • Hold
    5
  • Sell
    1
  • Strong Sell
    1

Ownership Breakdown

Institutions
75.12%
Insiders
39.03%
Retail / Other
0.00%

Top Institutional Holders

  • Arnhold & S. Bleichroeder Advisers, LLC
    6.68M15.70%
  • BlackRock Inc
    2.71M6.38%
  • Vanguard Portfolio Management, LLC
    1.64M3.86%
  • Dimensional Fund Advisors, Inc.
    1.60M3.76%
  • Lazard Asset Management LLC
    1.43M3.36%
  • Sumitomo Mitsui Trust Group Inc
    1.36M3.20%
  • Victory Capital Management Inc.
    1.32M3.09%
  • Vanguard Capital Management, LLC
    1.14M2.68%
  • Neuberger Berman Group LLC
    844.40K1.99%
  • State Street Corp
    819.26K1.93%
  • Westwood Holdings Group Inc
    779.53K1.83%
  • M&G PLC
    596.44K1.40%
  • Morgan Stanley - Brokerage Accounts
    592.69K1.39%
  • Amvescap Plc.
    586.92K1.38%

Top Fund Holders

  • First Eagle Global A
    2.35M5.53%
  • Victory Sycamore Established Value R
    955.00K2.25%
  • iShares Core S&P Mid-Cap ETF
    891.85K2.10%
  • Vanguard MStar Total Stk Mkt Idx Invest
    809.90K1.90%
  • Vanguard Information Technology ETF
    638.56K1.50%
  • Vanguard Small Cap Index
    585.66K1.38%

Dividends

20121×
0.65Dec 19, 2012