IPG Photonics Corporation (IPGP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.43B | 1.42B | 1.43B | 1.47B | 1.44B | 1.43B | 1.57B | 1.72B | 1.83B | 1.91B | 1.92B | 1.92B | 1.92B | 1.99B | 2.12B | 2.17B | 2.28B | 2.35B | 2.33B | 2.29B |
| Cash & Short-Term Investments | 812.9M | 839.33M | 870.38M | 899.6M | 926.88M | 930.19M | 1.02B | 1.06B | 1.14B | 1.18B | 1.13B | 1.1B | 1.07B | 1.18B | 1.23B | 1.23B | 1.42B | 1.51B | 1.52B | 1.5B |
| Cash Only | 480.76M | 403.79M | 346.03M | 359.18M | 363.05M | 620.04M | 883.87M | 720.54M | 496.45M | 514.67M | 528.28M | 573.07M | 521.14M | 698.21M | 869.27M | 771.79M | 642.52M | 709.11M | 794.9M | 754.2M |
| Short-Term Investments | 332.14M | 435.54M | 524.36M | 540.41M | 563.83M | 310.15M | 135.44M | 343.36M | 643.65M | 662.81M | 605.21M | 523.34M | 548.47M | 479.37M | 365.41M | 462.87M | 774.16M | 805.4M | 724.1M | 743.21M |
| Accounts Receivable | 198.14M | 181.73M | 169.13M | 201.04M | 176.91M | 171.13M | 163.54M | 176.15M | 184.01M | 219.05M | 229.6M | 231.13M | 236.57M | 211.35M | 195.19M | 246.88M | 257.46M | 262.12M | 272.7M | 250.67M |
| Days Sales Outstanding | 64.39 | 58.8 | 67.9 | 68.59 | 68.75 | 65.7 | 67.02 | 63.6 | 72.77 | 69.05 | 70.32 | 62.59 | 58.06 | 56.07 | 58.27 | 60.87 | 63.2 | 67.5 | 63.5 | 61.65 |
| Inventory | 319.01M | 313.42M | 323.93M | 303.84M | 287.62M | 284.78M | 320.72M | 400.84M | 431.9M | 453.87M | 479.83M | 491.3M | 506.15M | 509.36M | 555.54M | 556.75M | 484.97M | 460.75M | 435.07M | 404.55M |
| Days Inventory Outstanding | 171.44 | 167.15 | 190.25 | 171.25 | 186.68 | 193.43 | 185.37 | 234.67 | 260.9 | 232.51 | 265.12 | 236.03 | 228.22 | 179.62 | 257.65 | 231.57 | 214.76 | 207.63 | 199.83 | 183.95 |
| Other Current Assets | 51.88M | 45.77M | 43.22M | 40.87M | 35.02M | 27.3M | 39.72M | 46.85M | 49.07M | 38.21M | 45.01M | 54.48M | 56.2M | 47.05M | 84.18M | 79.66M | 82.83M | 73.32M | 63.92M | 73.16M |
| Total Non-Current Assets | 988.5M | 1B | 946.45M | 905.29M | 873.96M | 858.27M | 784.72M | 777.48M | 768.82M | 784.24M | 752.4M | 772.35M | 755.57M | 757.01M | 843.43M | 877.92M | 815.63M | 822.86M | 818.74M | 795.92M |
| Property, Plant & Equipment | 636.24M | 637.52M | 622.12M | 621.35M | 603.27M | 588.38M | 589.56M | 593.14M | 585.75M | 602.26M | 581.97M | 609.34M | 594.27M | 580.56M | 661.51M | 680.32M | 625.37M | 635.3M | 624.58M | 612.42M |
| Fixed Asset Turnover | 0.42x | 0.44x | 0.40x | 0.41x | 0.38x | 0.40x | 0.39x | 0.44x | 0.42x | 0.50x | 0.51x | 0.56x | 0.59x | 0.54x | 0.52x | 0.58x | 0.59x | 0.58x | 0.61x | 0.61x |
| Goodwill | 70.91M | 71.73M | 71.65M | 71.76M | 68.62M | 67.24M | 38.48M | 38.28M | 38.35M | 38.54M | 38.27M | 38.49M | 38.39M | 38.33M | 37.96M | 39.28M | 39.74M | 38.61M | 38.7M | 39M |
| Intangible Assets | 47.17M | 49.93M | 52.23M | 54.65M | 54.3M | 55.38M | 22.05M | 23.42M | 24.8M | 26.23M | 28.06M | 30.09M | 32.1M | 34.12M | 36.17M | 46.87M | 50.02M | 52.68M | 55.79M | 59.07M |
| Long-Term Investments | 70.57M | 76.53M | 30.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 42.68M | 41.23M | 50.73M | 43.26M | 38.54M | 32.25M | 28.36M | 33.78M | 35.46M | 28.43M | 24.53M | 24.78M | 31.71M | 28.85M | 38.47M | 50.88M | 50.57M | 48.51M | 50.66M | 39.68M |
| Total Assets | 2.42B | 2.42B | 2.38B | 2.38B | 2.32B | 2.29B | 2.36B | 2.5B | 2.6B | 2.7B | 2.67B | 2.7B | 2.67B | 2.74B | 2.96B | 3.05B | 3.1B | 3.17B | 3.14B | 3.09B |
| Asset Turnover | 0.11x | 0.11x | 0.11x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.11x | 0.11x | 0.13x | 0.13x | 0.12x | 0.12x | 0.12x | 0.12x | 0.12x | 0.12x | 0.12x |
| Asset Growth % | 4.5% | 5.9% | 1.1% | -4.65% | -10.82% | -15.18% | -11.89% | -7.45% | -2.72% | -1.62% | -9.78% | -11.56% | -13.79% | -13.48% | -5.77% | -1.22% | 3.87% | 8% | 12.49% | 11.88% |
| Total Current Liabilities | 247.18M | 234.04M | 213.38M | 216.95M | 197.03M | 205.02M | 194.18M | 190.48M | 192.13M | 214.86M | 219.71M | 228.19M | 249.52M | 274.65M | 295.79M | 315.9M | 279.84M | 313.43M | 292.84M | 255.91M |
| Accounts Payable | 54.72M | 39.29M | 40.23M | 41.52M | 37.92M | 35.38M | 39.58M | 26.23M | 26.68M | 28.62M | 33.13M | 37.42M | 40.9M | 46.23M | 55.07M | 57.28M | 46.48M | 55.84M | 52.43M | 50.71M |
| Days Payables Outstanding | 25.49 | 20.85 | 24.77 | 23 | 23.91 | 23.95 | 16.91 | 14.91 | 16.29 | 15.38 | 19.26 | 18.53 | 19.58 | 17.09 | 26.02 | 23.07 | 23.24 | 25.09 | 24.55 | 22.71 |
| Short-Term Debt | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.73M | 16.03M | 16.33M | 32.23M | 17.46M | 18.13M | 18.79M | 3.85M |
| Deferred Revenue (Current) | 67.79M | 0 | 54.89M | 60.62M | 61.78M | 56.45M | 52.27M | 57.45M | 60.17M | 69.22M | 66.96M | 75.78M | 82.9M | 80.07M | 81.87M | 87.16M | 94.42M | 89.66M | 80.69M | 80.37M |
| Other Current Liabilities | 45.97M | 184.85M | 92.12M | 85.1M | 66.24M | 69.36M | 70.82M | 74.57M | 72.35M | 80.25M | 75.88M | 75.63M | 73.03M | 88.96M | 85.68M | 75.21M | 62.29M | 109.51M | 81.08M | 68.86M |
| Current Ratio | 5.80x | 6.08x | 6.72x | 6.79x | 7.33x | 6.98x | 8.09x | 9.02x | 9.52x | 8.91x | 8.74x | 8.43x | 7.68x | 7.23x | 7.16x | 6.87x | 8.16x | 7.49x | 7.94x | 8.95x |
| Quick Ratio | 4.51x | 4.74x | 5.20x | 5.39x | 5.87x | 5.59x | 6.44x | 6.91x | 7.27x | 6.80x | 6.56x | 6.28x | 5.65x | 5.38x | 5.29x | 5.11x | 6.42x | 6.02x | 6.45x | 7.37x |
| Cash Conversion Cycle | 210.34 | 205.1 | 233.37 | 216.84 | 231.53 | 235.18 | 235.49 | 283.37 | 317.39 | 286.18 | 316.17 | 280.09 | 266.7 | 218.6 | 289.89 | 269.37 | 254.72 | 250.04 | 238.78 | 222.88 |
| Total Non-Current Liabilities | 58.67M | 62.11M | 62.77M | 57.94M | 59.87M | 59.77M | 46.34M | 51.58M | 65.59M | 68.65M | 69.2M | 69.68M | 83.11M | 83.27M | 86.22M | 92.52M | 110.38M | 109.89M | 111.22M | 124.33M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.73M | 16.03M | 16.33M | 32.23M |
| Capital Lease Obligations | 11.32M | 0 | 12.46M | 12.09M | 12M | 13.12M | 12.03M | 12.96M | 14.32M | 13.66M | 13.2M | 13.84M | 15.87M | 16.79M | 0 | 0 | 0 | 18.52M | 0 | 0 |
| Deferred Tax Liabilities | 24.31M | 62.11M | 11.04M | 11.05M | 14.21M | 14.21M | 4K | 1.51M | 1.51M | 1.51M | 1.26M | 1.48M | 1.48M | 1.47M | 86.22M | 92.52M | 94.65M | 1.63M | 94.9M | 92.1M |
| Other Non-Current Liabilities | 19.48M | 0 | 39.27M | 34.8M | 33.66M | 32.44M | 34.31M | 37.11M | 49.76M | 53.48M | 54.75M | 54.37M | 65.76M | 65.02M | 0 | 0 | 0 | 73.7M | 0 | 0 |
| Total Liabilities | 305.85M | 296.15M | 276.15M | 274.9M | 256.91M | 264.79M | 240.52M | 242.06M | 257.72M | 283.51M | 288.91M | 297.87M | 332.63M | 357.92M | 382.01M | 408.42M | 390.22M | 423.32M | 404.06M | 380.23M |
| Total Debt | 16.31M | 0 | 17.36M | 16.86M | 16.32M | 17.96M | 16.46M | 17.42M | 18.9M | 18.26M | 17.6M | 18.14M | 36.64M | 38.05M | 21.62M | 38.65M | 39M | 58.13M | 40.33M | 41.34M |
| Net Debt | -464.45M | -403.79M | -328.66M | -342.32M | -346.73M | -602.08M | -867.41M | -703.12M | -477.55M | -496.41M | -510.68M | -554.93M | -484.5M | -660.16M | -847.65M | -733.14M | -603.52M | -650.97M | -754.57M | -712.86M |
| Debt / Equity | 0.01x | - | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | 0.02x |
| Debt / EBITDA | - | - | 0.74x | 1.06x | 0.95x | 0.62x | - | 0.64x | 0.54x | 0.40x | 0.24x | 0.20x | 0.39x | - | 0.19x | 0.41x | 0.33x | 0.53x | 0.32x | 0.36x |
| Net Debt / EBITDA | - | -17.28x | -13.99x | -21.49x | -20.20x | -20.93x | - | -25.73x | -13.52x | -10.86x | -6.99x | -6.20x | -5.19x | - | -7.31x | -7.69x | -5.18x | -5.97x | -5.98x | -6.12x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1247.61x | 119.65x | 341.50x | 233.61x |
| Total Equity | 2.12B | 2.13B | 2.1B | 2.1B | 2.06B | 2.02B | 2.11B | 2.25B | 2.34B | 2.42B | 2.38B | 2.4B | 2.34B | 2.39B | 2.58B | 2.64B | 2.71B | 2.75B | 2.74B | 2.71B |
| Equity Growth % | 2.69% | 5.12% | -0.46% | -6.6% | -11.97% | -16.18% | -11.3% | -6.05% | 0.09% | 1.26% | -7.62% | -9.16% | -13.65% | -13.17% | -5.82% | -2.44% | 2.56% | 5.9% | 10.88% | 11.04% |
| Book Value per Share | 49.31 | 49.93 | 49.46 | 49.43 | 48.11 | 47.32 | 48.24 | 50.06 | 50.69 | 51.77 | 50.31 | 50.55 | 48.95 | 48.96 | 49.88 | 50.98 | 51.00 | 51.23 | 50.89 | 50.12 |
| Total Shareholders' Equity | 2.12B | 2.13B | 2.1B | 2.1B | 2.06B | 2.02B | 2.11B | 2.25B | 2.34B | 2.42B | 2.38B | 2.4B | 2.34B | 2.39B | 2.58B | 2.64B | 2.71B | 2.75B | 2.74B | 2.7B |
| Common Stock | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K |
| Retained Earnings | 2.65B | 2.64B | 2.63B | 2.62B | 2.62B | 2.61B | 2.61B | 2.84B | 2.82B | 2.8B | 2.75B | 2.7B | 2.64B | 2.58B | 2.67B | 2.59B | 2.54B | 2.47B | 2.4B | 2.33B |
| Treasury Stock | -1.56B | -1.56B | -1.55B | -1.54B | -1.51B | -1.51B | -1.45B | -1.37B | -1.25B | -1.16B | -1.1B | -1.05B | -1.05B | -938.01M | -821.39M | -750.11M | -517.26M | -438.5M | -381.69M | -345.35M |
| Accumulated OCI | -50.84M | -38.38M | -38.73M | -37.24M | -92.24M | -119.37M | -68.73M | -226.85M | -230.26M | -212.53M | -250.81M | -219.28M | -204.13M | -204.52M | -206.56M | -134.78M | -229.37M | -189.95M | -174.75M | -159.41M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.14M | 1M | 639K | 493K | 1.36M |