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Friday 6 November 2026 Export IPGP’s income statement to Excel — free account

IPG Photonics Corporation

IPGP Technology Semiconductor Equipment & Materials

IPG Photonics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 2.73% from fiscal 2024.

Revenue
+14.6%
EPS
+164.8%
Free cash flow
+105.2%

Quarter to September 2026, against a year earlier

65.09 3.06 +4.93%
Market cap
$2.6B
P/E
65.0×
Fwd P/E
65.8×
Dividend yield
—
F-score
8/9
Altman Z
8.69
Beneish M
−2.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

IPG Photonics Corporation (IPGP) Current ratio

Alert me on Current ratio

IPG Photonics Corporation's current ratio at the end of the quarter to 30 September 2026 was 6.0×, down 0.1× from fiscal 2025 (6.1×). Over the past ten years it has ranged from 6.1× (fiscal 2025) to 10.0× (fiscal 2020) — the current reading is the lowest in ten years. That is above the Semiconductor Equipment & Materials industry median of 3.6× and above the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 6.1× (12.86%)
FY2024 7.0× (21.67%)
FY2023 8.9× 23.22%
FY2022 7.2× (3.45%)
FY2021 7.5× (25.18%)
FY2020 10.0× 1.29%
FY2019 9.9× 34.54%
FY2018 7.3× (16.70%)
FY2017 8.8× 7.29%
FY2016 8.2× 5.70%

Quarterly newest first

Period Current ratio Change
Sep 2026 6.0× (3.05%)
Jun 2026 6.2× 6.57%
Mar 2026 5.8× (4.67%)
Dec 2025 6.1× (9.53%)
43 more quarters

Against its own ten years

Low 6.1× High 10.0×
Ten-year median 7.8×
Current reading's percentile 9

Current ratio against peers

Company Current ratio
IPGP IPG Photonics Corporation 6.0×
COHU Cohu, Inc. compare 5.2×
ACLS Axcelis Technologies, Inc. compare 4.4×
VECO Veeco Instruments Inc. compare 3.9×
AXTI AXT Inc compare 3.8×
ACMR ACM Research, Inc. compare 3.7×
KLIC Kulicke and Soffa Industries, Inc. compare 3.4×
AMBA Ambarella, Inc. compare 2.8×
UCTT Ultra Clean Holdings, Inc. compare 2.8×
Semiconductor Equipment & Materials industry median 3.6×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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