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IPG PHOTONICS CORP（IPGP）与LendingClub Corp（LC）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LendingClub Corp的1.1倍（$274.5M vs $252.3M），LendingClub Corp净利率更高（20.5% vs 4.8%，领先15.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs 15.9%），过去两年LendingClub Corp的营收复合增速更高（16.1% vs 4.4%）
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。
LendingClub Corp是总部位于美国加利福尼亚州旧金山的金融服务企业，是全球首家将旗下产品作为证券完成注册的P2P借贷平台，同时支持贷款在二级市场交易。巅峰时期它是全球规模最大的P2P借贷平台，截至2015年12月31日，平台累计促成贷款发放额达159.8亿美元。
IPGP vs LC — 直观对比
营收规模更大
IPGP
是对方的1.1倍
$252.3M
营收增速更快
IPGP
高出1.2%
15.9%
净利率更高
LC
高出15.6%
4.8%
两年增速更快
LC
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $252.3M |
| 净利润 | $13.3M | $51.6M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | — |
| 净利率 | 4.8% | 20.5% |
| 营收同比 | 17.1% | 15.9% |
| 净利润同比 | 69.8% | 341.0% |
| 每股收益（稀释后） | $0.30 | $0.44 |
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IPGPLC
| Q1 26 | — | $252.3M | ||
| Q4 25 | $274.5M | $266.5M | ||
| Q3 25 | $250.8M | $266.2M | ||
| Q2 25 | $250.7M | $248.4M | ||
| Q1 25 | $227.8M | $217.7M | ||
| Q4 24 | $234.3M | $217.2M | ||
| Q3 24 | $233.1M | $201.9M | ||
| Q2 24 | $257.6M | $187.2M |
净利润IPGPLC
| Q1 26 | — | $51.6M | ||
| Q4 25 | $13.3M | — | ||
| Q3 25 | $7.5M | $44.3M | ||
| Q2 25 | $6.6M | $38.2M | ||
| Q1 25 | $3.8M | $11.7M | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-233.6M | $14.5M | ||
| Q2 24 | $20.2M | $14.9M |
毛利率IPGPLC
| 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IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 18.8% | ||
| Q3 25 | 3.1% | 21.5% | ||
| Q2 25 | 0.0% | 21.7% | ||
| Q1 25 | 0.8% | 7.2% | ||
| Q4 24 | 6.0% | 5.1% | ||
| Q3 24 | -108.7% | 8.9% | ||
| Q2 24 | 4.7% | 10.4% |
净利率IPGPLC
| Q1 26 | — | 20.5% | ||
| Q4 25 | 4.8% | — | ||
| Q3 25 | 3.0% | 16.6% | ||
| Q2 25 | 2.6% | 15.4% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | -100.2% | 7.2% | ||
| Q2 24 | 7.8% | 8.0% |
每股收益（稀释后）IPGPLC
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.30 | $0.36 | ||
| Q3 25 | $0.18 | $0.37 | ||
| Q2 25 | $0.16 | $0.33 | ||
| Q1 25 | $0.09 | $0.10 | ||
| Q4 24 | $0.27 | $0.08 | ||
| Q3 24 | $-5.33 | $0.13 | ||
| Q2 24 | $0.45 | $0.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $2.4B | $11.9B |
| 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IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | $839.3M | — | ||
| Q3 25 | $870.4M | — | ||
| Q2 25 | $899.6M | — | ||
| Q1 25 | $926.9M | — | ||
| Q4 24 | $930.2M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | — |
总债务IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IPGPLC
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
总资产IPGPLC
| Q1 26 | — | $11.9B | ||
| Q4 25 | $2.4B | $11.6B | ||
| Q3 25 | $2.4B | $11.1B | ||
| Q2 25 | $2.4B | $10.8B | ||
| Q1 25 | $2.3B | $10.5B | ||
| Q4 24 | $2.3B | $10.6B | ||
| Q3 24 | $2.4B | $11.0B | ||
| Q2 24 | $2.5B | $9.6B |
负债/权益比IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | $28.8M | $-2.7B | ||
| Q3 25 | $35.3M | $-770.8M | ||
| Q2 25 | $-2.2M | $-713.1M | ||
| Q1 25 | $13.4M | $-339.3M | ||
| Q4 24 | $73.8M | $-2.6B | ||
| Q3 24 | $66.1M | $-669.8M | ||
| Q2 24 | $53.5M | $-932.5M |
自由现金流IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | $-2.9B | ||
| Q3 25 | $14.6M | $-791.8M | ||
| Q2 25 | $-17.6M | $-803.8M | ||
| Q1 25 | $-11.4M | $-352.3M | ||
| Q4 24 | $50.6M | $-2.7B | ||
| Q3 24 | $43.0M | $-682.3M | ||
| Q2 24 | $29.2M | $-945.3M |
自由现金流率IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | -1076.0% | ||
| Q3 25 | 5.8% | -297.4% | ||
| Q2 25 | -7.0% | -323.5% | ||
| Q1 25 | -5.0% | -161.8% | ||
| Q4 24 | 21.6% | -1237.8% | ||
| Q3 24 | 18.4% | -338.0% | ||
| Q2 24 | 11.3% | -504.9% |
资本支出强度IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 52.7% | ||
| Q3 25 | 8.3% | 7.9% | ||
| Q2 25 | 6.1% | 36.5% | ||
| Q1 25 | 10.9% | 6.0% | ||
| Q4 24 | 9.9% | 25.0% | ||
| Q3 24 | 9.9% | 6.2% | ||
| Q2 24 | 9.4% | 6.9% |
现金转化率IPGPLC
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | -17.41× | ||
| Q2 25 | -0.34× | -18.68× | ||
| Q1 25 | 3.58× | -29.07× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | -46.33× | ||
| Q2 24 | 2.65× | -62.57× |
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% |
LC
暂无分部数据
