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) Net margin

Alert me on Net margin

IPG Photonics Corporation's net margin over the twelve months to 30 September 2026 was 3.65%, up 0.6 percentage points from fiscal 2025 (3.10%). Over the past ten years it has ranged from −18.6% (fiscal 2024) to 27.7% (fiscal 2018); the current reading is higher than 18% of that period. That is below the Semiconductor Equipment & Materials industry median of 10.2% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 3.10% 21.68
FY2024 −18.6% (35.58)
FY2023 17.0% 9.31
FY2022 7.69% (11.37)
FY2021 19.1% 5.77
FY2020 13.3% (0.42)
FY2019 13.7% (13.97)
FY2018 27.7% 3.01
FY2017 24.7% (1.25)
FY2016 25.9% (0.95)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 7.05% 5.17
Jun 2026 1.88% 1.28
Mar 2026 0.60% (4.23)
Dec 2025 4.83% 1.85
43 more quarters

Against its own ten years

Low −18.6% High 27.7%
Ten-year median 17.0%
Current reading's percentile 21

Net margin against peers

Company Net margin
AXTI AXT Inc compare 18.5%
ACMR ACM Research, Inc. compare 14.5%
KLIC Kulicke and Soffa Industries, Inc. compare 12.2%
ACLS Axcelis Technologies, Inc. compare 11.8%
IPGP IPG Photonics Corporation 3.65%
UCTT Ultra Clean Holdings, Inc. compare 1.09%
VECO Veeco Instruments Inc. compare 0.00%
COHU Cohu, Inc. compare −3.97%
AMBA Ambarella, Inc. compare −13.5%
Semiconductor Equipment & Materials industry median 10.2%
Technology sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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