IPG Photonics (IPGP) FY2024 results: revenue $977 million, down 24.1% on the year
IPG Photonics Corp. (IPGP) reported revenue of $977 million for fiscal 2024, the year ended 31 December 2024, down 24.1% on the year before. Net income was -$182 million, and diluted earnings per share $-4.09. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$977 million
-24.1% on the year
FY2017FY2024
Operating margin
-21.3%
18.0% a year earlier
FY2017FY2024
Net income
-$182 million
FY2017FY2024
Diluted EPS
-$4.09
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
248
296
213
-16.2%
Capital expenditure
98.5
110
110
-10.8%
Free cash flow
149
186
103
-19.5%
Free cash flow margin
15.3%
14.4%
7.2%
Cash from investing
209
-238
297
Cash from financing
-340
-236
-515
Depreciation and amortisation
61.4
69.6
90.6
-11.7%
Share-based compensation
37.1
39.5
38.3
-6.2%
Buybacks
344
223
500
+53.8%
Diluted shares, weighted
44m
47m
51m
-6.3%
Shares outstanding at period end
43m
46m
48m
-8.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,024
2,415
2,385
-16.2%
Non-controlling interest
n/a
n/a
0.0
Debt
0.0
0.0
16.0
Operating lease liabilities
13.1
13.7
16.8
-4.0%
Other liabilities
252
270
325
-6.7%
Total liabilities and equity
2,289
2,699
2,743
-15.2%
Fixed assets
588
602
581
-2.3%
Goodwill
67.2
38.5
38.3
+74.5%
Intangible assets
55.4
26.2
34.1
+111.1%
Investments
310
663
479
-53.2%
Cash and equivalents
620
515
698
+20.5%
Receivables
171
219
211
-21.9%
Inventory
285
454
509
-37.3%
Other assets
192
181
192
+5.9%
Total assets
2,289
2,699
2,743
-15.2%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.