# IPG Photonics Corporation (IPGP)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $4.74B  
**Price:** $111.19 (+6.84%)

> IPG Photonics Corporation is the world's leading designer, manufacturer, and distributor of high-performance fiber lasers, laser systems, and related optical components. Founded in 1990 and headquartered in Marlborough, Massachusetts, the company specializes in advanced laser technology used across diverse industrial and commercial applications. Its product portfolio includes high-power fiber lasers, fiber amplifiers, diode lasers, beam delivery systems, and complementary optical components such as pump diodes and fiber couplers. IPG Photonics serves materials processing markets with applications in cutting, welding, marking, engraving, additive manufacturing, and micromachining. Beyond industrial applications, the company provides laser solutions for medical procedures, telecommunications, scientific research, and emerging advanced applications including quantum computing, spectroscopy, and directed energy systems. The company operates manufacturing facilities, application laboratories, and service centers across more than 30 countries worldwide. Known for producing energy-efficient laser technologies, IPG Photonics enables customers to enhance productivity, reduce operational costs, and lower carbon emissions in manufacturing and industrial environments.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.00B | $381M | $13M | $31M | — |
| 2024 | $977M | $338M | -$208M | -$182M | — |
| 2023 | $1.29B | $542M | $232M | $219M | — |
| 2022 | $1.43B | $555M | $170M | $110M | — |
| 2021 | $1.46B | $696M | $368M | $278M | — |
| 2020 | $1.20B | $539M | $199M | $160M | — |
| 2019 | $1.31B | $606M | $234M | $180M | — |
| 2018 | $1.46B | $800M | $523M | $404M | — |
| 2017 | $1.41B | $797M | $551M | $348M | — |
| 2016 | $1.01B | $552M | $364M | $261M | — |
| 2015 | $901M | $492M | $342M | $242M | — |
| 2014 | $770M | $417M | $284M | $200M | — |
| 2013 | $648M | $340M | $218M | $156M | — |
| 2012 | $563M | $305M | $209M | $145M | — |
| 2011 | $474M | $257M | $176M | $118M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.42B | $296M | $2.13B | $404M | — |
| 2024 | $2.29B | $265M | $2.02B | $620M | — |
| 2023 | $2.70B | $284M | $2.42B | $515M | — |
| 2022 | $2.74B | $358M | $2.39B | $698M | $16M |
| 2021 | $3.17B | $423M | $2.75B | $709M | $34M |
| 2020 | $2.94B | $342M | $2.59B | $876M | $38M |
| 2019 | $2.73B | $328M | $2.40B | $680M | $42M |
| 2018 | $2.57B | $368M | $2.21B | $544M | $45M |
| 2017 | $2.37B | $345M | $2.02B | $910M | $45M |
| 2016 | $1.79B | $232M | $1.56B | $624M | $38M |
| 2015 | $1.45B | $193M | $1.26B | $583M | $18M |
| 2014 | $1.21B | $164M | $1.05B | $522M | $20M |
| 2013 | $1.06B | $133M | $928M | $449M | $11M |
| 2012 | $895M | $153M | $743M | $384M | $14M |
| 2011 | $608M | $118M | $443M | $180M | $16M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $75M | $79M | -$3M |
| 2024 | $248M | $99M | $149M |
| 2023 | $296M | $110M | $186M |
| 2022 | $213M | $110M | $103M |
| 2021 | $390M | $123M | $267M |
| 2020 | $285M | $88M | $198M |
| 2019 | $324M | $134M | $190M |
| 2018 | $393M | $160M | $233M |
| 2017 | $405M | $127M | $279M |
| 2016 | $298M | $127M | $171M |
| 2015 | $263M | $70M | $193M |
| 2014 | $180M | $89M | $92M |
| 2013 | $119M | $71M | $48M |
| 2012 | $175M | $68M | $107M |
| 2011 | $87M | $53M | $34M |

Source: [CompaniesByCap](https://companiesbycap.com/company/IPGP)