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

64.89 2.86 +4.61%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, IPG Photonics Corporation (IPGP) trades at a price to free cash flow of 70.4×. Over the past ten years it has ranged from 0.0× (June 2026) to 225× (June 2026); the current reading is higher than 92% of that period. That is above the Semiconductor Equipment & Materials industry median of 31.5× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 18.1× (21.86%)
FY2023 23.2× (38.76%)
FY2022 37.9× 10.36%
FY2021 34.3× (59.98%)
FY2020 85.7× 112.55%
FY2019 40.3× 55.65%
FY2018 25.9× (35.78%)
FY2017 40.4× 31.88%
FY2016 30.6× 26.09%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 88.7× (60.54%)
Jun 2026 225× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 225×
Ten-year median 35.4×
Current reading's percentile 92

Price to free cash flow against peers

Company Price to free cash flow
AMBA Ambarella, Inc. compare n/m
AXTI AXT Inc compare n/m
UCTT Ultra Clean Holdings, Inc. compare n/m
ACMR ACM Research, Inc. compare n/m
VECO Veeco Instruments Inc. compare 16.5×
COHU Cohu, Inc. compare 29.7×
ACLS Axcelis Technologies, Inc. compare 46.5×
IPGP IPG Photonics Corporation 70.4×
KLIC Kulicke and Soffa Industries, Inc. compare 76.9×
Semiconductor Equipment & Materials industry median 31.5×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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