IPGPIPG PHOTONICS CORP
Semiconductors & Related Devices
- Revenue
- $1.0B
- 2.7% YoY
- Operating margin
- 1.3%
- 106% YoY
- EBITDA
- $80M
- 154% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -4.8×
- −$383M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear242% of net incomeCash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowFired115% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear3% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.3B | $977M | $1.0B | 2.7% |
| Operating income | $368M | $170M | $232M | −$208M | $13M | 106% |
| Net income | $278M | $110M | $219M | −$182M | $31M | 117% |
| Operating cash flow | $390M | $213M | $296M | $248M | $75M | 70% |
| Capex | $123M | $110M | $110M | $99M | $79M | 20% |
| Stock-based comp | $38M | $38M | $40M | $37M | $43M | 16% |
| Buybacks | $135M | $500M | $223M | $344M | $53M | 85% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 3
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.