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) Return on invested capital

Alert me on Return on invested capital

IPG Photonics Corporation's return on invested capital over the twelve months to 30 September 2026 was 1.06%, up 0.4 percentage points from fiscal 2025 (0.64%). Over the past ten years it has ranged from −11.9% (fiscal 2024) to 36.2% (fiscal 2015); the current reading is higher than 18% of that period. That is below the Semiconductor Equipment & Materials industry median of 6.36% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 0.64% 12.53
FY2024 −11.9% (23.60)
FY2023 11.7% 3.05
FY2022 8.66% (9.49)
FY2021 18.2% 8.15
FY2020 10.0% (1.58)
FY2019 11.6% (15.53)
FY2018 27.1% (8.95)
FY2017 36.1% 6.41
FY2016 29.7% (6.51)

Against its own ten years

Low −11.9% High 36.2%
Ten-year median 11.7%
Current reading's percentile 18

Return on invested capital against peers

Company Return on invested capital
KLIC Kulicke and Soffa Industries, Inc. compare 19.8%
ACLS Axcelis Technologies, Inc. compare 8.43%
ACMR ACM Research, Inc. compare 6.70%
UCTT Ultra Clean Holdings, Inc. compare 5.60%
AXTI AXT Inc compare 4.55%
VECO Veeco Instruments Inc. compare 2.05%
IPGP IPG Photonics Corporation 1.06%
COHU Cohu, Inc. compare −1.45%
AMBA Ambarella, Inc. compare −11.2%
Semiconductor Equipment & Materials industry median 6.36%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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