IPG Photonics Corporation (IPGP)

IPG Photonics Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	945.99	977.13	1,287	1,430	1,461	1,201
Revenue Growth (YoY)	-14.77%	-24.10%	-9.94%	-2.14%	21.66%	-8.66%
Cost of Revenue	618.18	638.98	745.74	874.13	764.46	661.73
Gross Profit	327.82	338.16	541.7	555.41	696.4	539
Selling, General & Admin	223.32	213.9	211.43	207.9	204.06	180.59
Research & Development	111.19	109.78	98.7	116.11	139.57	126.9
Operating Expenses	334.51	323.68	310.13	324.01	343.64	307.49
Operating Income	-6.69	14.48	231.57	231.4	352.76	231.51
Interest Expense	-	-	-	-	-1.84	-
Interest & Investment Income	33.96	45.47	41.74	12.62	-	6.27
Currency Exchange Gain (Loss)	-6.11	-5.52	1.36	-4.1	15.12	12.92
Other Non Operating Income (Expenses)	1.89	0.9	1.17	1.23	0.44	0.76
EBT Excluding Unusual Items	23.04	55.32	275.82	241.15	366.48	251.46
Merger & Restructuring Charges	-	-	0.29	-9.7	-	-0.51
Impairment of Goodwill	-	-	-	-	-	-44.59
Gain (Loss) on Sale of Assets	-197.65	-190.2	-	31.85	-	-
Asset Writedown	-27.01	-27.01	-1.24	-79.95	-	-0.67
Pretax Income	-201.62	-161.89	274.88	183.35	366.48	205.69
Income Tax Expense	13.8	19.64	56	72.59	88.62	45.35
Earnings From Continuing Operations	-215.42	-181.53	218.88	110.76	277.87	160.34
Minority Interest in Earnings	-	-	-	-0.85	0.55	-0.77
Net Income	-215.42	-181.53	218.88	109.91	278.42	159.57
Net Income to Common	-215.42	-181.53	218.88	109.91	278.42	159.57
Net Income Growth	-	-	99.15%	-60.52%	74.48%	-11.46%
Shares Outstanding (Basic)	43	44	47	51	53	53
Shares Outstanding (Diluted)	43	44	47	51	54	54
Shares Change (YoY)	-7.39%	-6.31%	-7.08%	-5.57%	0.27%	-0.10%
EPS (Basic)	-5.02	-4.09	4.64	2.17	5.21	3.00
EPS (Diluted)	-5.02	-4.09	4.63	2.16	5.16	2.97
EPS Growth	-	-	114.35%	-58.14%	73.74%	-11.34%
Free Cash Flow	64.64	149.37	185.5	102.51	266.59	197.64
Free Cash Flow Per Share	1.51	3.37	3.92	2.01	4.94	3.67
Gross Margin	34.65%	34.61%	42.08%	38.85%	47.67%	44.89%
Operating Margin	-0.71%	1.48%	17.99%	16.19%	24.15%	19.28%
Profit Margin	-22.77%	-18.58%	17.00%	7.69%	19.06%	13.29%
Free Cash Flow Margin	6.83%	15.29%	14.41%	7.17%	18.25%	16.46%
EBITDA	54.41	75.92	301.19	321.97	449.09	326.06
EBITDA Margin	5.75%	7.77%	23.39%	22.52%	30.74%	27.16%
D&A For EBITDA	61.1	61.44	69.62	90.56	96.33	94.55
EBIT	-6.69	14.48	231.57	231.4	352.76	231.51
EBIT Margin	-0.71%	1.48%	17.99%	16.19%	24.15%	19.28%
Effective Tax Rate	-	-	20.37%	39.59%	24.18%	22.05%

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q