# IPG PHOTONICS CORP (IPGP) · Edgar & Edgarette company card

> Ipg Photonics (IPGP) grew revenue 2.7% in FY2025 to $1.0 billion, operating margin 1.3% against a 2.4% median for semiconductors & related devices, equity 87.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1111928 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/IPGP) · [JSON](https://www.pops4.com/boards/company/IPGP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.0B |
| Revenue growth, 1 year | 2.7% |
| Revenue growth per year | -9.0% |
| Operating margin | 1.3% (prior year -21.3%) |
| Net margin | 3.1% |
| Operating cash flow | $75M |
| Capital spending | $79M |
| Free cash flow | −$3M |
| Cash | $404M |
| Long-term debt | — |
| Total assets | $2.4B |
| Total equity | $2.1B |
| Equity ÷ assets | 87.8% |
| Return on equity | 1.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 14.36 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Beneish M: -2.49 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; free cash flow was negative: capital spending outran operating cash (-$3.5M in FY2025)
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $1.0B (FY2025). Experience: revenue up 2.7% on the year, down 9.0% a year over 4 years; operating margin 1.3%, up from -21.3%. Soundness: equity 87.8% of assets, return on equity 1.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $796.2M and $1.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $705.5M to $1.3B. A statistical range, not company guidance. Against peers (63 filers, $50M+ revenue, semiconductors & related devices): operating margin 1.3% against a 2.4% median; growth 2.7% against 15.5%.

Range logged 2026-09-25, receipt 8f991148a2bdf0e6, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-11-03 · [filing](https://www.sec.gov/Archives/edgar/data/1111928/000111192826000182/0001111928-26-000182-index.htm)
- 8-K · filed 2026-11-03 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1111928/000111192826000178/0001111928-26-000178-index.htm)
- 8-K · filed 2026-09-08 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1111928/000111192826000169/0001111928-26-000169-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/1111928/000111192826000153/0001111928-26-000153-index.htm)
- 8-K · filed 2026-08-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1111928/000111192826000150/0001111928-26-000150-index.htm)
- 8-K · filed 2026-07-17 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1111928/000111192826000142/0001111928-26-000142-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001111928.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1111928

## Cite

POPS4, Edgar & Edgarette: IPG PHOTONICS CORP (IPGP) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/IPGP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.