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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$5.2B
P/E ratio
46×
Div yield
—
EPS (TTM)
$2.90
Profit margin
12%
Rev. growth
+3%
Revenue
$1.0B
Free cash flow
$130M
In plain English
IPG Photonics is the world's leading maker of high-power fiber lasers — the beams that cut, weld, mark and clean metal in factories. Its edge is deep vertical integration: it grows its own diodes, fibers and optical components in-house, so it controls a chain rivals have to buy piecemeal. ~87% of sales are industrial materials processing, with China its single biggest market. Revenue (~$1.0B) sits well below its 2021 peak as low-cost Chinese lasers commoditize cutting, but the company carries no debt and ~$900M of cash.
In simple terms
What IPG Photonics Corporation really sells
IPG Photonics is the world's leading maker of high-power fiber lasers — the beams that cut, weld, mark and clean metal in factories. Its edge is deep vertical integration: it grows its own diodes, fibers and optical components in-house, so it controls a chain rivals have to buy piecemeal. ~87% of sales are industrial materials processing, with China its single biggest market. Revenue (~$1.0B) sits well below its 2021 peak as low-cost Chinese lasers commoditize cutting, but the company carries no debt and ~$900M of cash.
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