Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $1.41B | $1.46B | $1.31B | $1.20B | $1.46B | $1.43B | $1.29B | $977M | $1.00B |
| Revenue growth | — | 40.0% | 3.6% | -10.0% | -8.7% | 21.7% | -2.1% | -9.9% | -24.1% | 2.7% |
| Gross profit | $552M | $797M | $800M | $606M | $539M | $696M | $555M | $542M | $338M | $381M |
| Gross margin | 54.9% | 56.6% | 54.8% | 46.1% | 44.9% | 47.7% | 38.9% | 42.1% | 34.6% | 38.0% |
| Operating income | $364M | $551M | $523M | $234M | $199M | $368M | $170M | $232M | -$208M | $13.1M |
| Operating margin | 36.2% | 39.1% | 35.9% | 17.8% | 16.5% | 25.2% | 11.9% | 18.0% | -21.3% | 1.3% |
| Net income | $261M | $348M | $404M | $180M | $160M | $278M | $110M | $219M | -$182M | $31.1M |
| Net margin | 25.9% | 24.7% | 27.7% | 13.7% | 13.3% | 19.1% | 7.7% | 17.0% | -18.6% | 3.1% |
| EPS (diluted) | $4.85 | $6.36 | $7.38 | $3.35 | $2.97 | $5.16 | $2.16 | $4.63 | -$4.09 | $0.73 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $298M | $405M | $393M | $324M | $285M | $390M | $213M | $296M | $248M | $75.3M |
| Capital expenditures | $127M | $127M | $160M | $134M | $87.7M | $123M | $110M | $110M | $98.5M | $78.8M |
| Free cash flow | $171M | $279M | $233M | $190M | $198M | $267M | $103M | $186M | $149M | -$3.45M |
| Share buybacks | $8.95M | $40.0M | $176M | $40.7M | $37.9M | $135M | $500M | $223M | $344M | $53.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $624M | $910M | $544M | $680M | $876M | $709M | $698M | $515M | $620M | $404M |
| Total assets | $1.79B | $2.37B | $2.57B | $2.73B | $2.94B | $3.17B | $2.74B | $2.70B | $2.29B | $2.42B |
| Total liabilities | $232M | $345M | $368M | $328M | $342M | $423M | $358M | $284M | $265M | $296M |
| Long-term debt | $37.6M | $45.4M | $41.7M | $38.0M | $34.2M | $16.0M | $0.00 | — | — | — |
| Shareholders' equity | $1.56B | $2.02B | $2.21B | $2.40B | $2.59B | $2.75B | $2.39B | $2.42B | $2.02B | $2.13B |
| Retained earnings | $1.09B | $1.44B | $1.44B | $2.03B | $2.19B | $2.47B | $2.58B | $2.80B | $2.61B | $2.64B |
| Shares (wtd avg diluted) | 53.8M | 54.7M | 54.7M | 53.8M | 53.8M | 53.9M | 50.9M | 47.3M | 44.3M | 42.6M |
Every figure is extracted from IPG PHOTONICS CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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