IPG Photonics Corporation (IPGP)

IPG Photonics Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	1,287	1,430	1,461	1,201	1,315
Revenue Growth (YoY)	-9.94%	-2.14%	21.66%	-8.66%	-9.95%
Cost of Revenue	745.74	874.13	764.46	661.73	708.37
Gross Profit	541.7	555.41	696.4	539	606.21
Selling, General & Admin	211.43	207.9	204.06	180.59	185.34
Research & Development	98.7	116.11	139.57	126.9	130
Other Operating Expenses	0.95	57.8	0	45.77	44.25
Operating Expenses	311.08	381.81	343.64	353.25	359.59
Operating Income	230.62	173.6	352.76	185.74	246.62
Interest Expense / Income	-41.74	-12.62	1.84	-6.27	-14.24
Other Expense / Income	-2.52	3.73	-16.11	-12.91	12.51
Pretax Income	274.88	182.5	367.03	204.93	248.35
Income Tax	56	72.59	88.62	45.35	68.12
Net Income	218.88	109.91	278.42	159.57	180.23
Net Income Growth	99.14%	-60.52%	74.48%	-11.46%	-55.39%
Shares Outstanding (Basic)	47	51	53	53	53
Shares Outstanding (Diluted)	47	51	54	54	54
Shares Change	-7.08%	-5.57%	0.27%	-0.10%	-1.62%
EPS (Basic)	4.64	2.17	5.21	3.00	3.40
EPS (Diluted)	4.63	2.16	5.16	2.97	3.35
EPS Growth	114.35%	-58.14%	73.74%	-11.34%	-54.61%
Free Cash Flow	216.74	129.37	268	198.53	190.65
Free Cash Flow Per Share	4.60	2.55	5.02	3.73	3.59
Gross Margin	42.08%	38.85%	47.67%	44.89%	46.11%
Operating Margin	17.91%	12.14%	24.15%	15.47%	18.76%
Profit Margin	17.00%	7.69%	19.06%	13.29%	13.71%
Free Cash Flow Margin	16.84%	9.05%	18.35%	16.53%	14.50%
Effective Tax Rate	20.37%	39.78%	24.14%	22.13%	27.43%
EBITDA	302.76	260.44	465.2	293.21	330.38
EBITDA Margin	23.52%	18.22%	31.84%	24.42%	25.13%
Depreciation & Amortization	69.62	90.56	96.33	94.55	96.27
EBIT	233.14	169.88	368.87	198.66	234.11
EBIT Margin	18.11%	11.88%	25.25%	16.54%	17.81%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).