Ipg Photonics Corp. (IPGP) intrinsic value & 10-year financials
Ipg Photonics Corp. (IPGP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew -0.0% a year to $1.0B, with an average return on invested capital of 12.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $71.01
- Market cap
- $3.0B
- Revenue (FY2025)
- $1.0B
- Revenue growth (10-yr CAGR)
- -0.0%
- ROIC (10-yr avg)
- 12.3%
- Free cash flow (FY2025)
- -$3.5M
IPGP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.0B | $31.1M | $0.73 | -$3.5M | 1.3% | 0.6% |
| FY2024 | $977.1M | -$181.5M | -$4.09 | $149.4M | -21.3% | -12.5% |
| FY2023 | $1.3B | $218.9M | $4.63 | $185.5M | 18.0% | 10.2% |
| FY2022 | $1.4B | $109.9M | $2.16 | $102.5M | 11.9% | 5.4% |
| FY2021 | $1.5B | $278.4M | $5.16 | $266.6M | 25.2% | 14.4% |
| FY2020 | $1.2B | $159.6M | $2.97 | $197.6M | 16.5% | 8.7% |
| FY2019 | $1.3B | $180.2M | $3.35 | $190.0M | 17.8% | 9.7% |
| FY2018 | $1.5B | $404.0M | $7.38 | $233.0M | 35.9% | 27.6% |
| FY2017 | $1.4B | $347.6M | $6.36 | $278.9M | 39.1% | 32.5% |
| FY2016 | $1.0B | $260.8M | $4.85 | $165.2M | 36.2% | 26.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
IPG PHOTONICS CORP is facing top-line stagnation, with revenue contracting over the decade.
IPG PHOTONICS CORP returns on capital have been average, hovering around 12.3% ROIC over the decade.
Over the decade, IPG PHOTONICS CORP shows that management has aggressively returned capital to shareholders by retiring 20.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, IPG PHOTONICS CORP is modeled at -19.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-18.54 per share.