IPG PHOTONICS CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $977.1M | $1.29B | $1.43B | $1.46B | $1.20B | $1.31B | $1.46B |
| Cost of Revenue | $622.3M | $639.0M | $745.7M | $874.1M | $764.5M | $661.7M | $708.4M | $659.6M |
| Gross Profit | $381.5M | $338.2M | $541.7M | $555.4M | $696.4M | $539.0M | $606.2M | $800.3M |
| Gross Margin | 38.0% | 34.6% | 42.1% | 38.9% | 47.7% | 44.9% | 46.1% | 54.8% |
| Operating Expenses | ||||||||
| Research & Development | $117.4M | $109.8M | $98.7M | $116.1M | $139.6M | $126.9M | $130.0M | $122.8M |
| SG&A Expense | $143.1M | $124.3M | $125.7M | $131.3M | $125.9M | $110.0M | $107.6M | $102.4M |
| Operating Income | $13.1M | $-208.3M | $232.0M | $169.5M | $367.9M | $198.7M | $233.8M | $523.4M |
| Operating Margin | 1.3% | -21.3% | 18.0% | 11.9% | 25.2% | 16.5% | 17.8% | 35.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $45.1M | $-161.9M | $274.9M | $183.4M | $366.5M | $205.7M | $248.4M | $534.4M |
| Income Tax Expense | $14.0M | $19.6M | $56.0M | $72.6M | $88.6M | $45.4M | $68.1M | $130.2M |
| Net Income | $31.1M | $-181.5M | $218.9M | $109.9M | $278.4M | $159.6M | $180.2M | $404.0M |
| Net Margin | 3.1% | -18.6% | 17.0% | 7.7% | 19.1% | 13.3% | 13.7% | 27.7% |
| EPS (Basic) | $0.73 | $-4.09 | $4.64 | $2.17 | $5.21 | $3.00 | $3.40 | $7.55 |
| EPS (Diluted) | $0.73 | $-4.09 | $4.63 | $2.16 | $5.16 | $2.97 | $3.35 | $7.38 |
| Shares Outstanding (Basic) | 42.3M | 44.3M | 47.2M | 50.8M | 53.4M | 53.2M | 53.1M | 53.5M |
| Shares Outstanding (Diluted) | 42.6M | 44.3M | 47.3M | 50.9M | 53.9M | 53.8M | 53.8M | 54.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |