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IPG Photonics Corporation (IPGP)
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IPG Photonics Corporation Income Statement 2025-2008 | IPGP
Brief overview of financial performance at IPG Photonics Corporation
The conclusions below are based on five years of reported results. According to figures from IPG Photonics Corporation, revenue changed from $1.2 billion to $1 billion over five years. Overall revenue changed by −16.4%, equal to an annualized rate of about −3.5%. The negative rate indicates weakening core operations.
At the gross-profit level, the result moved from $539 million to $381 million, a change of −29.2%. The cost base moved against the top-line trend and weighed on the gross result. Gross profit as a share of revenue changed from 44.9% to 38%. The contraction points to pressure from direct costs or weaker pricing power.
EBITDA changed from $293 million to $80 million (−72.7%). Changes in revenue did not translate into comparable EBITDA performance. At the operating-margin level, the figure shifted from 24.4% to 8%. Cost pressure reduced operating profitability.
Net income changed from $160 million to $31.1 million (−80.5%). The final result developed less favorably than the core business.
The five-year change in capitalization reached −53.1%: from $12.1 billion to $5.7 billion. Lower capitalization reflects weaker investor expectations.
Overall conclusion
The results contain several connected negative signals. Caution is warranted because of declining net profitability, pressure from direct costs and a declining EBITDA margin. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement IPG Photonics Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.67 B | 2.85 B | 4.05 B | 6.27 B | 6.96 B | 12.1 B | 6.96 B | 7.13 B | 13.5 B | 6.03 B | 4.26 B | 3.89 B | 3.45 B | 3.32 B | 2.44 B | 753 M | 497 M | - |
Shares |
42.3 M | 44.3 M | 47.2 M | 50.8 M | 53.4 M | 53.2 M | 53.1 M | 53.5 M | 53.5 M | 53.1 M | 52.7 M | 52.1 M | 51.5 M | 50.5 M | 47.4 M | 46.4 M | 45.5 M | - |
Historical Prices |
134 | 64.3 | 85.9 | 124 | 130 | 227 | 128 | 155 | 246 | 118 | 82.5 | 95.9 | 71.8 | 59.3 | 52.6 | 16.2 | 10.9 | 20 |
Net Income |
31.1 M | -182 M | 219 M | 110 M | 278 M | 160 M | 180 M | 404 M | 348 M | 261 M | 242 M | 200 M | 156 M | 145 M | 118 M | 54 M | 5.42 M | - |
Revenue |
1 B | 977 M | 1.29 B | 1.43 B | 1.46 B | 1.2 B | 1.31 B | 1.46 B | 1.41 B | 1.01 B | 901 M | 770 M | 648 M | 563 M | 474 M | - | - | - |
Cost of Revenue |
622 M | 639 M | 746 M | 874 M | 764 M | 662 M | 708 M | 660 M | 612 M | 454 M | 409 M | 353 M | 308 M | 258 M | 217 M | 153 M | 122 M | - |
Gross Profit |
381 M | 338 M | 542 M | 555 M | 696 M | 539 M | 606 M | 800 M | 797 M | 552 M | 492 M | 417 M | 340 M | 305 M | 257 M | 146 M | 64.3 M | - |
Operating Income |
13.1 M | -208 M | 232 M | 170 M | 368 M | 199 M | 234 M | 523 M | 551 M | 364 M | 342 M | 284 M | 218 M | 209 M | 176 M | 80.4 M | 9.06 M | - |
Interest Expense |
2.14 M | 899 K | 1.17 M | 1.23 M | 437 K | 763 K | 345 K | 1.93 M | 22 K | 948 K | -125 K | 793 K | 155 K | 8 K | 681 K | 1.19 M | 1.25 M | - |
EBITDA |
80 M | -147 M | 302 M | 260 M | 464 M | 293 M | 387 M | 598 M | 630 M | 420 M | 382 M | 313 M | 252 M | 236 M | 197 M | 102 M | 28.2 M | - |
Operating Expenses |
368 M | 546 M | 310 M | 386 M | 329 M | 340 M | 315 M | 283 M | 231 M | 183 M | 152 M | 139 M | 119 M | 94.5 M | 84.6 M | 66.1 M | 55.2 M | - |
General and Administrative Expenses |
143 M | 124 M | 126 M | 131 M | 126 M | 110 M | 108 M | 102 M | 80.7 M | 66.5 M | 57.2 M | 55.3 M | 50.9 M | 39.2 M | 37.4 M | 28.6 M | 20.5 M | - |
All numbers in USD currency
Quarterly Income Statement IPG Photonics Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
42.5 M | 42.2 M | 42.1 M | 42.2 M | 42.5 M | 42.6 M | 42.5 M | 43.8 M | 44.9 M | 46 M | 46.3 M | 47.2 M | 47.3 M | 47.5 M | 48.1 M | 51.6 M | 51.7 M | 52.8 M | 53 M | 53.4 M | 53.5 M | 53.5 M | 53.4 M | 53.1 M | 53 M | 53.1 M | 53 M | 52.9 M | 53 M | 53 M | 52.9 M | 53.6 M | 53.7 M | 53.7 M | 53.6 M | 53.4 M | 53.4 M | 53.4 M | 53.3 M | 53.1 M | 53.1 M | 52.9 M | 52.9 M | 52.7 M | 52.7 M | 52.5 M | 52.4 M | 52.1 M | 52.1 M | 52 M | 51.9 M | 51.5 M | 51.5 M | 51.4 M | 51.4 M | 51.1 M | 51 M | 48.4 M | 47.6 M | 47.5 M | 47.3 M | 47.1 M |
Net Income |
5.24 M | 1.58 M | - | 7.46 M | 6.6 M | 3.76 M | - | -234 M | 20.2 M | 24.1 M | - | 55 M | 62.3 M | 60.1 M | - | 76.3 M | 57 M | 69.6 M | - | 75.4 M | 69.8 M | 68.1 M | 49.3 M | 35.6 M | 38.2 M | 36.4 M | -4.45 M | 57.3 M | 72.3 M | 55.2 M | 75.6 M | 101 M | 122 M | 106 M | 53 M | 116 M | 104 M | 74.9 M | 75.1 M | 69.2 M | 67.1 M | 49.3 M | 60.7 M | 62.8 M | 61.3 M | 57.4 M | 56.4 M | 55.2 M | 48.3 M | 40.5 M | 36.6 M | 42.3 M | 41.7 M | 35.1 M | 34.9 M | 42.4 M | 37.7 M | 29.9 M | 31.1 M | 32.9 M | 30.7 M | 23.1 M |
Revenue |
279 M | 265 M | - | 251 M | 251 M | 228 M | - | 233 M | 258 M | 252 M | - | 301 M | 340 M | 347 M | - | 349 M | 377 M | 370 M | - | 379 M | 372 M | 346 M | 337 M | 318 M | 296 M | 249 M | 307 M | 329 M | 364 M | 315 M | 330 M | 356 M | 414 M | 360 M | 361 M | 393 M | 369 M | 286 M | 280 M | 266 M | 253 M | 207 M | 224 M | 244 M | 235 M | 199 M | 207 M | 200 M | 192 M | 171 M | 166 M | 172 M | 168 M | 142 M | 145 M | 156 M | 138 M | 123 M | 124 M | 129 M | 122 M | 100 M |
Cost of Revenue |
166 M | 166 M | - | 152 M | 157 M | 138 M | - | 179 M | 161 M | 154 M | - | 168 M | 192 M | 200 M | - | 199 M | 205 M | 198 M | - | 193 M | 191 M | 182 M | - | 166 M | 160 M | 146 M | - | 176 M | 184 M | 166 M | - | 161 M | 179 M | 157 M | - | 168 M | 163 M | 129 M | - | 121 M | 115 M | 92.8 M | - | 110 M | 106 M | 91.1 M | - | 90.6 M | 88 M | 81.3 M | - | 79.3 M | 78.2 M | 66.2 M | - | 70.4 M | 63 M | 54.5 M | - | 58.6 M | 55.2 M | 46.3 M |
Gross Profit |
113 M | 99.5 M | - | 99 M | 93.6 M | 89.8 M | - | 54.1 M | 96.2 M | 97.5 M | - | 133 M | 148 M | 147 M | - | 150 M | 172 M | 172 M | - | 186 M | 181 M | 164 M | 147 M | 153 M | 136 M | 103 M | 124 M | 153 M | 180 M | 149 M | 167 M | 195 M | 235 M | 203 M | 209 M | 225 M | 206 M | 157 M | 155 M | 145 M | 138 M | 114 M | 122 M | 133 M | 129 M | 108 M | 114 M | 109 M | 104 M | 89.3 M | 81.5 M | 92.8 M | 89.9 M | 75.6 M | 75.2 M | 86 M | 74.9 M | 68.7 M | 66.4 M | 70.5 M | 66.7 M | 53.7 M |
Operating Income |
4.53 M | -7.74 M | - | 7.86 M | 104 K | 1.83 M | - | -253 M | 12 M | 19.1 M | - | 55.7 M | 72.1 M | 75.4 M | - | 93.2 M | 71.7 M | 93.1 M | - | 102 M | 92.3 M | 88.8 M | - | 41.4 M | 47.2 M | 44.8 M | - | 74.1 M | 91.1 M | 68.3 M | - | 124 M | 162 M | 141 M | - | 160 M | 141 M | 101 M | - | 94.1 M | 95 M | 70 M | - | 89.6 M | 87.4 M | 82 M | - | 77.6 M | 68.7 M | 57.8 M | - | 59.8 M | 59.9 M | 49.6 M | - | 60 M | 56.4 M | 45.2 M | - | 49.2 M | 46.1 M | 34.1 M |
Interest Expense |
900 K | 1.83 M | - | 516 K | 166 K | 1.34 M | - | -271 K | 194 K | 325 K | - | 545 K | 285 K | 331 K | - | 301 K | 618 K | -236 K | - | -211 K | 28 K | 253 K | - | -59 K | 449 K | 191 K | - | -520 K | 658 K | -9 K | - | 423 K | 386 K | 443 K | - | 459 K | 23 K | -529 K | - | 194 K | 141 K | 7 K | - | 132 K | 161 K | 85 K | - | 162 K | 239 K | 334 K | - | 218 K | -239 K | 70 K | - | 205 K | -615 K | 129 K | - | 209 K | 170 K | 206 K |
EBITDA |
35.9 M | 8.16 M | - | 10.3 M | 2.7 M | 17.2 M | - | -252 M | 13.4 M | 35.3 M | - | 57.7 M | 74.1 M | 93.3 M | - | 95.6 M | 74.6 M | 117 M | - | 174 M | 95.3 M | 113 M | - | 113 M | 94.6 M | 68.9 M | - | 147 M | 139 M | 91.1 M | - | 183 M | 201 M | 160 M | - | 207 M | 171 M | 116 M | - | 132 M | 119 M | 81.4 M | - | 121 M | 108 M | 91.8 M | - | 104 M | 85.8 M | 65.9 M | - | 83.2 M | 74.8 M | 56.9 M | - | 79.2 M | 68.8 M | 51.4 M | - | 67.4 M | 58.1 M | 39.8 M |
Operating Expenses |
108 M | 107 M | - | 91.2 M | 93.5 M | 88 M | - | 307 M | 84.1 M | 78.4 M | - | 77.2 M | 75.6 M | 71.5 M | - | 57.3 M | 101 M | 78.7 M | - | 83.9 M | 88.3 M | 75.1 M | - | 111 M | 89.2 M | 58.1 M | - | 78.7 M | 89.1 M | 80.6 M | - | 71.3 M | 72.6 M | 62.3 M | - | 64.3 M | 65.2 M | 55.8 M | - | 50.7 M | 42.7 M | 44.4 M | - | 43.7 M | 41.3 M | 25.8 M | - | 31.5 M | 35.5 M | 31.5 M | - | 33 M | 30 M | 26 M | - | 26 M | 18.5 M | 23.5 M | - | 21.2 M | 20.6 M | 19.6 M |
General and Administrative Expenses |
36.5 M | 36.1 M | - | 35.1 M | 34.9 M | 32.8 M | - | 32.7 M | 31.6 M | 31.2 M | - | 31 M | 29.7 M | 30.1 M | - | 33.8 M | 33.4 M | 30.7 M | - | 32.6 M | 31.1 M | 30.1 M | - | 29 M | 26.4 M | 27.1 M | - | 26.8 M | 28.5 M | 27.2 M | - | 25.2 M | 24.1 M | 25.5 M | - | 21.5 M | 19.9 M | 17.7 M | - | 16.8 M | 16.2 M | 13.9 M | - | 14.7 M | 15 M | 12.8 M | - | 14.2 M | 13.1 M | 12.9 M | - | 13.2 M | 12.8 M | 11.8 M | - | 10.6 M | 8.74 M | 9.95 M | - | 11 M | 8.33 M | 8.17 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company IPG Photonics Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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