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IPG PHOTONICS CORP（IPGP）与Kimco Realty（KIM）财务数据对比。点击上方公司名可切换其他公司
Kimco Realty的季度营收约是IPG PHOTONICS CORP的2.0倍（$542.5M vs $274.5M），Kimco Realty净利率更高（27.9% vs 4.8%，领先23.0%），IPG PHOTONICS CORP同比增速更快（17.1% vs 3.2%），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs 3.8%）
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。
Kimco Realty是总部位于美国纽约州杰里科的房地产投资信托企业，核心投资领域为购物中心类商业地产，在商业不动产投资及运营领域积累了深厚的行业经验与资源优势。
IPGP vs KIM — 直观对比
营收规模更大
KIM
是对方的2.0倍
$274.5M
营收增速更快
IPGP
高出13.9%
3.2%
净利率更高
KIM
高出23.0%
4.8%
两年增速更快
IPGP
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $542.5M |
| 净利润 | $13.3M | $151.2M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 36.4% |
| 净利率 | 4.8% | 27.9% |
| 营收同比 | 17.1% | 3.2% |
| 净利润同比 | 69.8% | -9.0% |
| 每股收益（稀释后） | $0.30 | — |
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IPGPKIM
| Q4 25 | $274.5M | $542.5M | ||
| Q3 25 | $250.8M | $535.9M | ||
| Q2 25 | $250.7M | $525.2M | ||
| Q1 25 | $227.8M | $536.6M | ||
| Q4 24 | $234.3M | $525.4M | ||
| Q3 24 | $233.1M | $507.6M | ||
| Q2 24 | $257.6M | $500.2M | ||
| Q1 24 | $252.0M | $503.8M |
净利润IPGPKIM
| Q4 25 | $13.3M | $151.2M | ||
| Q3 25 | $7.5M | $137.8M | ||
| Q2 25 | $6.6M | $163.0M | ||
| Q1 25 | $3.8M | $132.8M | ||
| Q4 24 | $7.8M | $166.0M | ||
| Q3 24 | $-233.6M | $136.0M | ||
| Q2 24 | $20.2M | $119.7M | ||
| Q1 24 | $24.1M | $-11.0M |
毛利率IPGPKIM
| 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% | — | ||
| Q1 24 | 38.7% | — |
营业利润率IPGPKIM
| Q4 25 | 1.2% | 36.4% | ||
| Q3 25 | 3.1% | 34.9% | ||
| Q2 25 | 0.0% | 39.2% | ||
| Q1 25 | 0.8% | 33.6% | ||
| Q4 24 | 6.0% | 31.7% | ||
| Q3 24 | -108.7% | 33.7% | ||
| Q2 24 | 4.7% | 32.1% | ||
| Q1 24 | 7.6% | 25.9% |
净利率IPGPKIM
| Q4 25 | 4.8% | 27.9% | ||
| Q3 25 | 3.0% | 25.7% | ||
| Q2 25 | 2.6% | 31.0% | ||
| Q1 25 | 1.6% | 24.8% | ||
| Q4 24 | 3.3% | 31.6% | ||
| Q3 24 | -100.2% | 26.8% | ||
| Q2 24 | 7.8% | 23.9% | ||
| Q1 24 | 9.6% | -2.2% |
每股收益（稀释后）IPGPKIM
| Q4 25 | $0.30 | — | ||
| Q3 25 | $0.18 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $-5.33 | — | ||
| Q2 24 | $0.45 | — | ||
| Q1 24 | $0.52 | — |
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 | $211.6M |
| 总债务越低越好 | — | $7.7B |
| 股东权益账面价值 | $2.1B | $10.4B |
| 总资产 | $2.4B | $19.7B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资IPGPKIM
| Q4 25 | $839.3M | $211.6M | ||
| Q3 25 | $870.4M | $159.3M | ||
| Q2 25 | $899.6M | $226.6M | ||
| Q1 25 | $926.9M | $131.3M | ||
| Q4 24 | $930.2M | $688.6M | ||
| Q3 24 | $1.0B | $789.0M | ||
| Q2 24 | $1.1B | $126.4M | ||
| Q1 24 | $1.1B | $133.4M |
总债务IPGPKIM
| Q4 25 | — | $7.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPGPKIM
| Q4 25 | $2.1B | $10.4B | ||
| Q3 25 | $2.1B | $10.5B | ||
| Q2 25 | $2.1B | $10.5B | ||
| Q1 25 | $2.1B | $10.6B | ||
| Q4 24 | $2.0B | $10.7B | ||
| Q3 24 | $2.1B | $10.5B | ||
| Q2 24 | $2.3B | $10.6B | ||
| Q1 24 | $2.3B | $10.6B |
总资产IPGPKIM
| Q4 25 | $2.4B | $19.7B | ||
| Q3 25 | $2.4B | $19.9B | ||
| Q2 25 | $2.4B | $19.8B | ||
| Q1 25 | $2.3B | $19.7B | ||
| Q4 24 | $2.3B | $20.3B | ||
| Q3 24 | $2.4B | $20.1B | ||
| Q2 24 | $2.5B | $19.5B | ||
| Q1 24 | $2.6B | $19.5B |
负债/权益比IPGPKIM
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $258.4M |
| 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% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.71× |
| 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IPGPKIM
| Q4 25 | $28.8M | $258.4M | ||
| Q3 25 | $35.3M | $332.4M | ||
| Q2 25 | $-2.2M | $305.4M | ||
| Q1 25 | $13.4M | $223.8M | ||
| Q4 24 | $73.8M | $239.5M | ||
| Q3 24 | $66.1M | $295.9M | ||
| Q2 24 | $53.5M | $294.1M | ||
| Q1 24 | $54.6M | $176.1M |
自由现金流IPGPKIM
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $-17.6M | — | ||
| Q1 25 | $-11.4M | $205.4M | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $43.0M | — | ||
| Q2 24 | $29.2M | — | ||
| Q1 24 | $26.5M | — |
自由现金流率IPGPKIM
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | -5.0% | 38.3% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 10.5% | — |
资本支出强度IPGPKIM
| Q4 25 | 6.5% | 0.0% | ||
| Q3 25 | 8.3% | 0.0% | ||
| Q2 25 | 6.1% | 0.0% | ||
| Q1 25 | 10.9% | 3.4% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 11.1% | — |
现金转化率IPGPKIM
| Q4 25 | 2.17× | 1.71× | ||
| Q3 25 | 4.73× | 2.41× | ||
| Q2 25 | -0.34× | 1.87× | ||
| Q1 25 | 3.58× | 1.69× | ||
| Q4 24 | 9.44× | 1.44× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 2.65× | 2.46× | ||
| Q1 24 | 2.27× | — |
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% |
KIM
暂无分部数据
