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IPG PHOTONICS CORP（IPGP）与INDEPENDENCE REALTY TRUST, INC.（IRT）财务数据对比。点击上方公司名可切换其他公司
IPG PHOTONICS CORP的季度营收约是INDEPENDENCE REALTY TRUST, INC.的1.7倍（$274.5M vs $165.3M），IPG PHOTONICS CORP同比增速更快（17.1% vs 2.5%），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs 2.2%）
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
独立房地产信托是一家专注于商业地产领域的不动产投资信托企业，投资布局覆盖费城、华盛顿特区以及得克萨斯州奥斯汀市的优质写字楼资产，为投资者创造稳定的不动产投资回报。
IPGP vs IRT — 直观对比
营收规模更大
IPGP
是对方的1.7倍
$165.3M
营收增速更快
IPGP
高出14.6%
2.5%
两年增速更快
IPGP
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $165.3M |
| 净利润 | $13.3M | — |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | — |
| 净利率 | 4.8% | — |
| 营收同比 | 17.1% | 2.5% |
| 净利润同比 | 69.8% | — |
| 每股收益（稀释后） | $0.30 | $0.00 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IPGPIRT
| Q1 26 | — | $165.3M | ||
| Q4 25 | $274.5M | $167.1M | ||
| Q3 25 | $250.8M | $167.1M | ||
| Q2 25 | $250.7M | $162.2M | ||
| Q1 25 | $227.8M | $161.2M | ||
| Q4 24 | $234.3M | $161.0M | ||
| Q3 24 | $233.1M | $160.1M | ||
| Q2 24 | $257.6M | $158.4M |
净利润IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | $13.3M | $33.3M | ||
| Q3 25 | $7.5M | $6.9M | ||
| Q2 25 | $6.6M | $8.0M | ||
| Q1 25 | $3.8M | $8.4M | ||
| Q4 24 | $7.8M | $-1.0M | ||
| Q3 24 | $-233.6M | $12.4M | ||
| Q2 24 | $20.2M | $10.4M |
毛利率IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | — | ||
| Q3 25 | 39.5% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 37.3% | — |
营业利润率IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -108.7% | — | ||
| Q2 24 | 4.7% | — |
净利率IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 19.9% | ||
| Q3 25 | 3.0% | 4.1% | ||
| Q2 25 | 2.6% | 5.0% | ||
| Q1 25 | 1.6% | 5.2% | ||
| Q4 24 | 3.3% | -0.6% | ||
| Q3 24 | -100.2% | 7.7% | ||
| Q2 24 | 7.8% | 6.5% |
每股收益（稀释后）IPGPIRT
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.30 | $0.14 | ||
| Q3 25 | $0.18 | $0.03 | ||
| Q2 25 | $0.16 | $0.03 | ||
| Q1 25 | $0.09 | $0.04 | ||
| Q4 24 | $0.27 | $-0.01 | ||
| Q3 24 | $-5.33 | $0.05 | ||
| Q2 24 | $0.45 | $0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $839.3M | $23.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $3.4B |
| 总资产 | $2.4B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IPGPIRT
| Q1 26 | — | $23.3M | ||
| Q4 25 | $839.3M | $23.6M | ||
| Q3 25 | $870.4M | $23.3M | ||
| Q2 25 | $899.6M | $19.5M | ||
| Q1 25 | $926.9M | $29.1M | ||
| Q4 24 | $930.2M | $21.2M | ||
| Q3 24 | $1.0B | $17.6M | ||
| Q2 24 | $1.1B | $21.0M |
总债务IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益IPGPIRT
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.1B | $3.5B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.0B | $3.4B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.3B | $3.4B |
总资产IPGPIRT
| Q1 26 | — | $6.1B | ||
| Q4 25 | $2.4B | $6.0B | ||
| Q3 25 | $2.4B | $6.1B | ||
| Q2 25 | $2.4B | $6.0B | ||
| Q1 25 | $2.3B | $6.0B | ||
| Q4 24 | $2.3B | $6.1B | ||
| Q3 24 | $2.4B | $5.9B | ||
| Q2 24 | $2.5B | $5.9B |
负债/权益比IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.66× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $28.8M | — |
| 自由现金流经营现金流 - 资本支出 | $10.9M | — |
| 自由现金流率自由现金流/营收 | 4.0% | — |
| 资本支出强度资本支出/营收 | 6.5% | — |
| 现金转化率经营现金流/净利润 | 2.17× | — |
| 过去12个月自由现金流最近4个季度 | $-3.5M | — |
8季度趋势，按日历期对齐
经营现金流IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | $28.8M | $282.1M | ||
| Q3 25 | $35.3M | $79.3M | ||
| Q2 25 | $-2.2M | $82.2M | ||
| Q1 25 | $13.4M | $60.4M | ||
| Q4 24 | $73.8M | $259.8M | ||
| Q3 24 | $66.1M | $69.2M | ||
| Q2 24 | $53.5M | $83.0M |
自由现金流IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $-17.6M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $43.0M | — | ||
| Q2 24 | $29.2M | — |
自由现金流率IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 11.3% | — |
资本支出强度IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | — | ||
| Q3 25 | 8.3% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 9.4% | — |
现金转化率IPGPIRT
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 8.48× | ||
| Q3 25 | 4.73× | 11.51× | ||
| Q2 25 | -0.34× | 10.22× | ||
| Q1 25 | 3.58× | 7.23× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | 5.60× | ||
| Q2 24 | 2.65× | 8.02× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
