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

64.78 2.75 +4.43%
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

IPG Photonics Corporation (IPGP) Debt to equity

Alert me on Debt to equity

IPG Photonics Corporation's debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.0× (fiscal 2016) — the current reading is the lowest in ten years. That is below the Semiconductor Equipment & Materials industry median of 0.1× and below the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.0× —
FY2022 0.0× (45.97%)
FY2021 0.0× (15.07%)
FY2020 0.0× (16.09%)
FY2019 0.0× (15.53%)
FY2018 0.0× (14.88%)
FY2017 0.0× (7.63%)
FY2016 0.0× 67.95%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 0.0×
Ten-year median 0.0×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
AMBA Ambarella, Inc. compare 0.0×
IPGP IPG Photonics Corporation 0.0×
KLIC Kulicke and Soffa Industries, Inc. compare 0.0×
ACLS Axcelis Technologies, Inc. compare 0.0×
AXTI AXT Inc compare 0.1×
ACMR ACM Research, Inc. compare 0.1×
VECO Veeco Instruments Inc. compare 0.2×
COHU Cohu, Inc. compare 0.4×
UCTT Ultra Clean Holdings, Inc. compare 0.8×
Semiconductor Equipment & Materials industry median 0.1×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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