IPG Photonics (IPGP)

Technology · Semiconductor Equipment & Materials
$78.27 +0.68% on the day Market cap $3.5B 52-week range $69.41 to $155.82 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

IPG Photonics's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from IPGP's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation3
Profitability3
Growth2
Financial health9
Cash efficiency0

Results from SEC filings

Fiscal years, from IPG Photonics's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$1.5B$1.4B$1.3B$977M$1.0B
Net income$278M$110M$219M-$182M$31M
Free cash flow$267M$103M$186M$149M-$3M
EPS (diluted)$5.16$2.16$4.63-$4.09$0.73
Operating margin25.2%11.9%18.0%-21.3%1.3%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

High Power Continuous Wave ("CW") Lasers$309M31%
Other Revenue including Other Lasers, Amplifiers, Service, Parts, Accessories$265M26%
Laser and Non-Laser Systems$147M15%
Pulsed Lasers$143M14%
Medium Power CW Lasers$88M9%
Quasi-Continuous Wave ("QCW") Lasers$52M5%

Superinvestors who own IPGP

From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Jean-Marie Eveillard
First Eagle Investment Management
Trimmed $392M0.65%Q2 2026
Cliff Asness
AQR Capital Management
Added $51M0.02%Q2 2026
Charles Brandes
Brandes Investment Partners, LP
Added $12M0.08%Q2 2026
Eric Marshall
Hodges Capital Management
Added $12M0.77%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $1M0.00%Q2 2026

Insider buying

Open-market purchases by IPG Photonics's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of IPGP in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are IPG Photonics insiders buying the stock?

No open-market insider purchases of IPGP in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own IPG Photonics?

5 of the superinvestors Investingly tracks hold IPGP in their latest 13F, including Jean-Marie Eveillard, Cliff Asness, Charles Brandes.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.