IPG Photonics Corporation: stock overview

IPGPNASDAQTechnology · Semiconductors & Related Devices

Price

$67.78

November 13, 2026Market cap $2.9B

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  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • Profit over the last twelve months is well above what the business itself earned, because it includes large gains outside the business, such as on investments or from selling a business. The P/E is lower than the business alone would give.

In short

IPG Photonics had revenue of $1.1B over the last 12 months and net income of $40M, a net margin of 3.7%. Revenue fell by 3.5% a year on average over the last 5 years. At $67.78 the shares trade at a P/E of 70.8, against a median of 38.6 over the last 4 fiscal years. It holds more cash than debt, by $926M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$2.9B
42.19M shares
P/E
70.8
Today70.8
Median38.6
Revenue, 12 months
$1.1B
-3.5% a year over 5 years
Net margin
3.7%
2025: 3.1%, above 56% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-11.7% a year over 2 years

  • 202510-K
    Revenue$1.0B
  • 202410-K
    Revenue$977M
  • 202310-K
    Revenue$1.3B

Fiscal years in figures

IPGP's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.1B
$2.9B
Enterprise value 
$1.9B
P/E 
70.8
EV / EBIT 
92.6
EV / Revenue 
1.8
P/B 3-year median: 1.5
1.3
FCF yield 3-year median: 3.7%
1.2%
Earnings yield 3-year median: 1.0%
1.4%

Profitability

Gross margin 
38.7%
Operating margin 
1.9%
Net margin 3-year median: 3.1%
3.7%
ROIC 
0.8%
ROIC, 5-year average 
3.2%
ROE 
1.9%

Growth

Revenue, yearly change 
+2.7%
EPS, yearly change 
–
FCF, yearly change 
-102.3%
Revenue, average a year 
-3.5%
EPS, average a year 
-24.5%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$926M
Total debt 
$16M
Of which operating leases 
$16M
Net cash 
$926M
Net debt / EBITDA 
-10.6x
Interest cover 
–
Current ratio 
5.99

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
1.86%
Total returned 
1.86%
Shares, yearly change 
-0.8%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 36).

Gross margin

38.0%

Above 54% of the 179 companies in its industry, and 53% of all.

Operating margin

1.3%

Above 44% of the 189 companies in its industry, and 38% of all.

Net margin

3.1%

Above 56% of the 193 companies in its industry, and 46% of all.

ROE

1.5%

Above 47% of the 176 companies in its industry, and 34% of all.

ROA

1.3%

Above 53% of the 194 companies in its industry, and 48% of all.

Revenue growth

2.7%

Above 36% of the 183 companies in its industry, and 37% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
IPG PHOTONICS CORP
CIK
1111928
Exchange
NASDAQ
Industry (SIC)
3674 · Semiconductors & Related Devices
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
42.19M

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The full analysis

What do IPG Photonics's filings show?

These are IPG Photonics's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about IPGP

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What is IPGP's market cap?

IPG Photonics Corporation's market cap is $2.9B, at a price of $67.78 on November 13, 2026 and 42.19M shares.

What is IPGP's P/E?

IPGP's P/E is 70.8, on earnings per share of $0.94 over the last 12 months. The median over the last 4 fiscal years was 38.6.

How much revenue does IPGP have?

IPG Photonics had revenue of $1.1B over the last 12 months. Over the last 5 years it changed by -3.5% a year on average.

Does IPGP pay a dividend?

No. IPG Photonics paid no regular dividend over the last 12 months.

Where do the figures come from?

From IPG Photonics Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.