How profitable is IPG Photonics Corporation (IPGP)?

In FY 2025 (10-K), IPGP converted $1.0B of revenue into a 38% gross margin, 1.3% operating margin, and $0 in free cash flow (0% FCF margin).

Stock Ratings / Technology / IPGP / financials

PENG (58) OSIS (53) ENPH (44) AMBA (49) ⌘ Pro Terminal →

IPG Photonics Corporation (IPGP) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$72.91 +0.44% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $72.83

IPG Photonics Corporation (IPGP) carries a Roarable Rating of E (Strong Sell) with 29/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $3.09B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is IPGP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, IPG Photonics Corporation (NASDAQ: IPGP) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 29/100 at a spot price of $72.91 (+0.44% 1D, market cap $3.09B). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 3/20. Across 715 tracked Technology issuers, IPGP ranks #600 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does IPGP compare to PENG and OSIS in the Technology sector?

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Within the Technology sector (Semiconductors), IPGP carries a Roarable E (29/100 RQD), trailing P/E of 103.5x, gross margin of 38.0%, and ROIC of 0.6%. By comparison, PENG (Penguin Solutions Inc.) holds a D+ grade (58/100 RQD, P/E 139.5x, ROIC 12.4%, cap $3.13B) and OSIS (OSI Systems Inc.) posts a D+ grade (53/100 RQD, P/E 21.9x, ROIC 11.4%, cap $3.14B). Among the 5-stock peer group, ENPH leads on earnings multiple (19.9x) while PENG leads on capital efficiency (12.4% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for IPGP?

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Per IPGP's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001111928), IPG Photonics Corporation generated $1.00B in revenue (+2.7% YoY), $31.1M in net income, and -$3.5M in free cash flow against $2.42B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $72.83 (-0.11%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (29/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-9.8% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-13% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for IPGP)Realized 20D OHLCV Swing Band: ±8.1%

Deterministic 5-Pillar Attribution (29/100 Composite)

🔍 WHY IPGP SCORES 29/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (45% of score)

Altman Z-Score 9.07 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 6/9

▲ #2 Bullish Driver: Cash Engine Quality+6/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 38% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$75.85-4.4% Next Q

Q2 (-2Q)

Grade E$72.49+2.6% Next Q

Q3 (-1Q)

Grade E$74.34-1.9% Next Q

Current

Grade E$72.91-9.8% Hist 90D α

Trajectory: E (37) → E (29)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a IPGP Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While IPGP currently carries a cautious 29/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($76.47) and Max Pain ($76.56) forces dealer call-delta covering toward $163.61.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $IPGP• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “IPGP Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 29%NO 71%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How IPGP Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $1.29B

FY24

Rev $977.1M

FY25

Rev $1.00B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$1.00B	38%	1.3%	$31.1M	-$3.5M	0.6%
FY 2024	$977.1M	34.6%	-21.3%	-$181.5M	$149.4M	-11.7%
FY 2023	$1.29B	38%	18%	$218.9M	$296.0M	0.6%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring IPGP)

✓Walkthrough of IPGP's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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IPGP // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -40.40%⚡ TESTING RESISTANCE

2026-11-03O $75.70H $75.70L $72.59C $72.91VOL 379.9K

RES: $75.21SUP: $68.08SMA50: $76.47SMA200: $101.2

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

IPGP Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 IPGP Butterfly Map → + Track IPGP →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

48.0%/yr Implied 5Y Growth

vs. +2.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on IPGP today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for IPGP. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for IPGP today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (IPGP)

Technology Rank #600 of 715 ⚔️ PENG vs IPGP Full Matrix →

1. Head-to-Head Technology Peer Comparison (IPGP vs. PENG, OSIS, ENPH, AMBA)

Industry: Semiconductors (95 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, IPG Photonics Corporation (IPGP) ranks #600 by composite RQD confidence (29/100, grade E) and #250 by equity capitalization ($3.09B). Within this direct 5-issuer industry benchmark cohort, ENPH leads on earnings valuation at 19.9x trailing P/E, while PENG leads on capital efficiency and profitability with 12.4% ROIC and 28.8% gross margin. PENG currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with IPGP at 29/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
IPGP ACTIVE IPG Photonics Corporation	E	29/100	103.5x	38.0%	0.6%	+0.44%	$3.09B	Benchmark Subject
PENG Penguin Solutions Inc.	D+	58/100	139.5x	28.8%	12.4%	-8.53%	$3.13B	/peng-vs-ipgp →
OSIS OSI Systems Inc.	D+	53/100	21.9x	34.3%	11.4%	-0.27%	$3.14B	/osis-vs-ipgp →
ENPH Enphase Energy Inc.	D	44/100	19.9x	46.6%	10.5%	+8.89%	$3.39B	/enph-vs-ipgp →
AMBA Ambarella Inc.	D	49/100	—	59.2%	-16.1%	-2.30%	$2.79B	/amba-vs-ipgp →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001111928 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), IPG Photonics Corporation (IPGP) reported GAAP revenue of $1.00B (+2.7% vs. FY2024 revenue of $977.1M , and -22.0% cumulative change since FY2023) , GAAP net income of $31.1M, operating cash flow of $75.3M, and free cash flow of -$3.5M (-102.3% YoY). On the balance sheet, IPGP closed FY2025 with $2.42B in total assets against $0 in total debt (Altman Z-Score: 9.07, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$1.00B	$31.1M	$75.3M	-$3.5M	$2.42B	—
FY2024 (FY)	2024-12-31	$977.1M	-$181.5M	$247.9M	$149.4M	$2.29B	—
FY2023 (FY)	2023-12-31	$1.29B	$218.9M	$296.0M	$296.0M	—	—

3. IPGP Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is IPGP stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does IPGP compare to PENG and OSIS in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for IPGP?

Where is IPGP trading relative to its 50-day, 200-day, and 52-week technical levels?

IPGP last traded at $72.91 (+0.44% on volume of 394,596 shares), positioning the stock -4.66% below its 50-day simple moving average ($76.47) and -27.95% below its 200-day simple moving average ($101.19). Across its 52-week range of $68.27 to $155.82, IPGP sits at the 5.3% percentile with a 14-day RSI of 44.3 (NEUTRAL RANGE) and an implied next-earnings move of ±8.1% ($67.00 to $78.82).

Direct Sub-Reports: IPGP RQD Cockpit IPGP 12M Forecast IPGP Earnings & Move IPGP Dividends & DRIP IPGP Insiders & 13F IPGP Whale Options IPGP Profit Sankey IPGP News & Why

ROARABLE RATING BRIEF • RQD 29/100 (E) ✓ SEC XBRL & RQD VERIFIED

IPGP — IPG Photonics Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

IPG Photonics Corporation (IPGP) earns a live Roarable RQD composite score of 29/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $72.91 (+0.44% 1D, market capitalization $3.09B).

Fundamental Cash Engine (6/20): Anchored by return on invested capital (ROIC) of 0.6%, gross margin of 38.0%, operating margin of 1.3%, and free cash flow yield of -0.11%.
Whale 13F & Options Flow (4/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (3/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of 9.07, Piotroski F-Score of 6/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

IPG Photonics Corporation (IPGP) is a NASDAQ-listed operating company in the Semiconductors industry (Technology sector) with an equity market capitalization of $3.09B. The business operates with a gross margin of 38%, an operating margin of 1.3%, and a return on invested capital (ROIC) of 0.6% (free cash flow yield of -0.11%). Within the Semiconductors peer group, investor evaluation centers on operating leverage, unit margin durability, and capital allocation efficiency across market cycles.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), IPG Photonics Corporation (IPGP) reported $1.00B in annual revenue (up from $977.1M in FY2024, +2.7% YoY) and $31.1M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.29B revenue, $218.9M net income) through FY2025, IPGP scaled operating cash flow to $75.3M and free cash flow to -$3.5M, backed by $2.42B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 29/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of -0.11% and institutional whale pillar of 4/20. With Fundamental Cash Engine at 6/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $68.27 – $155.82 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh 103.5x trailing P/E and 35.2x EV/EBITDA against 1.3% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Semiconductors (Technology), IPGP carries a macro regime beta of 1.00 and gross margin of 38.0%.

Key Question #1: Can IPGP sustain or expand its 1.3% operating margin and 0.6% ROIC against Semiconductors peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $1.00B and free cash flow of -$3.5M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is IPGP's 96.3x forward P/E multiple to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

IPGP Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for IPG Photonics Corporation (IPGP) • Click "Debate This Headline" to argue it in the Roar Pit below

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🟡 MARKET WIRE Yahoo Finance • 1d ago

IPG Photonics (IPGP) to report earnings tomorrow: here is what to expect

Yahoo Finance report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE TradingView • 1d ago

IPG Photonics Corporation Estimates – NASDAQ:IPGP

TradingView report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE MarketBeat • 1d ago

IPG Photonics Corporation (IPGP) - What Are Analysts Thinking About This Stock?

MarketBeat report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Yahoo Finance • 1d ago

IPG Photonics Corporation (IPGP) Stock Forecasts

Yahoo Finance report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Stock Titan • 1d ago

A 10% owner sells 9,876 and 5,485 IPG Photonics (IPGP) shares under a preset trading plan.

Stock Titan report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE Upstox • 1d ago

IPG Photonics Corporation Share Price Live Today – NASDAQ:IPGP Stock Price, Chart, News, History

Upstox report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE MarketBeat • 1d ago

IPG Photonics Corporation $IPGP Shares Purchased by Assenagon Asset Management S.A.

MarketBeat report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🟡 MARKET WIRE ad-hoc-news.de • 1d ago

IPG Photonics stock fell 3.73 percent to USD 71.01 on October 16, 2026

ad-hoc-news.de report covering IPG Photonics Corporation (IPGP) market action, institutional positioning, and fundamental catalysts.

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🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

IPGP Bull vs. Bear Conversation Board — What's Your Call at $72.91?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON IPGP 🐻 33% BEARISH CONVICTION

CA CashFlowKing RQD DEBATE OPENER • FCF Compounder Hunter 🐂 BULLISH 🎯 Target: $91.46 (+26.0%)

📌 Pinned Debate

Forensic balance sheet strength (Altman Z 9.07, Piotroski F 6/9, Debt/Equity 0.5) provides a financial cushion while the stock trades w

Long IPGP at $72.59 targeting $91.46. Forensic balance sheet strength (Altman Z 9.07, Piotroski F 6/9, Debt/Equity 0.5) provides a financial cushion while the stock trades well below its $155.82 52-week high.. Institutional whale score is 4/20 and the risk/reward vs. the $68.27 52-week low is skewed heavily in favor of bulls.

CapAlloc_Nerd 🐂 BULL

@CashFlowKing Agree on the RQD 29/100 quality, though with 1.0 beta I'm scaling in with half-size at $72.59 and keeping dry powder in case we test $67.51.

SK SkepticalCFA RQD DEBATE OPENER • Fundamental Contrarian 🐻 BEARISH 🎯 Target: $54.44 (-25.0%)

Spot @ $72.59

ROIC of 0.6% and negative FCF yield of -0.11% alongside a 103.5x trailing P/E leave little cash-generation support for the current valu

I respect the product at IPG Photonics Corporation, but the stock at $72.59 is a different story. ROIC of 0.6% and negative FCF yield of -0.11% alongside a 103.5x trailing P/E leave little cash-generation support for the current valuation.. FCF yield is -0.11% and RQD sits at 29/100 (E) — why pay up here when you can wait for next quarter's numbers?