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

IPG Photonics Corporation (IPGP) Free cash flow margin

Alert me on Free cash flow margin

IPG Photonics Corporation's free cash flow margin over the twelve months to 30 September 2026 was 3.39%, up 3.6 percentage points from fiscal 2025 (−0.25%). Over the past ten years it has ranged from −0.25% (fiscal 2025) to 21.5% (fiscal 2015) — the current reading is the lowest in ten years. That is below the Semiconductor Equipment & Materials industry median of 6.73% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −0.25% (18.46)
FY2024 18.2% 1.37
FY2023 16.8% 7.79
FY2022 9.05% (9.30)
FY2021 18.4% 1.82
FY2020 16.5% 2.03
FY2019 14.5% (1.53)
FY2018 16.0% (4.89)
FY2017 20.9% 3.89
FY2016 17.0% (4.44)

Against its own ten years

Low −0.25% High 21.5%
Ten-year median 16.8%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
VECO Veeco Instruments Inc. compare 17.3%
COHU Cohu, Inc. compare 9.89%
ACLS Axcelis Technologies, Inc. compare 6.73%
KLIC Kulicke and Soffa Industries, Inc. compare 4.34%
IPGP IPG Photonics Corporation 3.39%
AMBA Ambarella, Inc. compare 2.33%
AXTI AXT Inc compare 0.00%
UCTT Ultra Clean Holdings, Inc. compare −6.84%
ACMR ACM Research, Inc. compare −11.5%
Semiconductor Equipment & Materials industry median 6.73%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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