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IPG PHOTONICS CORP（IPGP）与Grand Canyon Education, Inc.（LOPE）财务数据对比。点击上方公司名可切换其他公司
Grand Canyon Education, Inc.的季度营收约是IPG PHOTONICS CORP的1.1倍（$308.1M vs $274.5M），Grand Canyon Education, Inc.净利率更高（28.1% vs 4.8%，领先23.3%），IPG PHOTONICS CORP同比增速更快（17.1% vs 5.3%），Grand Canyon Education, Inc.自由现金流更多（$122.9M vs $10.9M），过去两年Grand Canyon Education, Inc.的营收复合增速更高（5.9% 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。
大峡谷教育（Grand Canyon Education, Inc.）是美国的营利性上市企业，核心业务为高等院校提供课程开发、在线教育解决方案及运营支持服务。该公司最初与亚利桑那州的基督教院校大峡谷大学关联，2008年分拆为独立实体上市。
IPGP vs LOPE — 直观对比
营收规模更大
LOPE
是对方的1.1倍
$274.5M
营收增速更快
IPGP
高出11.8%
5.3%
净利率更高
LOPE
高出23.3%
4.8%
自由现金流更多
LOPE
多$111.9M
$10.9M
两年增速更快
LOPE
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $308.1M |
| 净利润 | $13.3M | $86.7M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 35.1% |
| 净利率 | 4.8% | 28.1% |
| 营收同比 | 17.1% | 5.3% |
| 净利润同比 | 69.8% | 5.9% |
| 每股收益（稀释后） | $0.30 | $3.13 |
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IPGPLOPE
| Q4 25 | $274.5M | $308.1M | ||
| Q3 25 | $250.8M | $261.1M | ||
| Q2 25 | $250.7M | $247.5M | ||
| Q1 25 | $227.8M | $289.3M | ||
| Q4 24 | $234.3M | $292.6M | ||
| Q3 24 | $233.1M | $238.3M | ||
| Q2 24 | $257.6M | $227.5M | ||
| Q1 24 | $252.0M | $274.7M |
净利润IPGPLOPE
| Q4 25 | $13.3M | $86.7M | ||
| Q3 25 | $7.5M | $16.3M | ||
| Q2 25 | $6.6M | $41.5M | ||
| Q1 25 | $3.8M | $71.6M | ||
| Q4 24 | $7.8M | $81.9M | ||
| Q3 24 | $-233.6M | $41.5M | ||
| Q2 24 | $20.2M | $34.9M | ||
| Q1 24 | $24.1M | $68.0M |
毛利率IPGPLOPE
| 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IPGPLOPE
| Q4 25 | 1.2% | 35.1% | ||
| Q3 25 | 3.1% | 6.9% | ||
| Q2 25 | 0.0% | 20.9% | ||
| Q1 25 | 0.8% | 30.4% | ||
| Q4 24 | 6.0% | 34.2% | ||
| Q3 24 | -108.7% | 20.2% | ||
| Q2 24 | 4.7% | 18.8% | ||
| Q1 24 | 7.6% | 30.8% |
净利率IPGPLOPE
| Q4 25 | 4.8% | 28.1% | ||
| Q3 25 | 3.0% | 6.2% | ||
| Q2 25 | 2.6% | 16.8% | ||
| Q1 25 | 1.6% | 24.8% | ||
| Q4 24 | 3.3% | 28.0% | ||
| Q3 24 | -100.2% | 17.4% | ||
| Q2 24 | 7.8% | 15.3% | ||
| Q1 24 | 9.6% | 24.8% |
每股收益（稀释后）IPGPLOPE
| Q4 25 | $0.30 | $3.13 | ||
| Q3 25 | $0.18 | $0.58 | ||
| Q2 25 | $0.16 | $1.48 | ||
| Q1 25 | $0.09 | $2.52 | ||
| Q4 24 | $0.27 | $2.83 | ||
| Q3 24 | $-5.33 | $1.42 | ||
| Q2 24 | $0.45 | $1.19 | ||
| Q1 24 | $0.52 | $2.29 |
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 | $111.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $746.9M |
| 总资产 | $2.4B | $992.3M |
| 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IPGPLOPE
| Q4 25 | $839.3M | $111.8M | ||
| Q3 25 | $870.4M | $97.3M | ||
| Q2 25 | $899.6M | $192.3M | ||
| Q1 25 | $926.9M | $144.5M | ||
| Q4 24 | $930.2M | $324.6M | ||
| Q3 24 | $1.0B | $263.6M | ||
| Q2 24 | $1.1B | $241.3M | ||
| Q1 24 | $1.1B | $196.2M |
股东权益IPGPLOPE
| Q4 25 | $2.1B | $746.9M | ||
| Q3 25 | $2.1B | $758.0M | ||
| Q2 25 | $2.1B | $778.0M | ||
| Q1 25 | $2.1B | $780.7M | ||
| Q4 24 | $2.0B | $783.9M | ||
| Q3 24 | $2.1B | $764.1M | ||
| Q2 24 | $2.3B | $759.2M | ||
| Q1 24 | $2.3B | $759.4M |
总资产IPGPLOPE
| Q4 25 | $2.4B | $992.3M | ||
| Q3 25 | $2.4B | $1.0B | ||
| Q2 25 | $2.4B | $1.0B | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.4B | $992.9M | ||
| Q2 24 | $2.5B | $992.7M | ||
| Q1 24 | $2.6B | $1.0B |
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 | $130.5M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $122.9M |
| 自由现金流率自由现金流/营收 | 4.0% | 39.9% |
| 资本支出强度资本支出/营收 | 6.5% | 2.5% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $238.6M |
8季度趋势，按日历期对齐
经营现金流IPGPLOPE
| Q4 25 | $28.8M | $130.5M | ||
| Q3 25 | $35.3M | $-48.6M | ||
| Q2 25 | $-2.2M | $124.0M | ||
| Q1 25 | $13.4M | $67.6M | ||
| Q4 24 | $73.8M | $135.8M | ||
| Q3 24 | $66.1M | $-29.4M | ||
| Q2 24 | $53.5M | $98.6M | ||
| Q1 24 | $54.6M | $85.0M |
自由现金流IPGPLOPE
| Q4 25 | $10.9M | $122.9M | ||
| Q3 25 | $14.6M | $-58.3M | ||
| Q2 25 | $-17.6M | $115.4M | ||
| Q1 25 | $-11.4M | $58.7M | ||
| Q4 24 | $50.6M | $126.1M | ||
| Q3 24 | $43.0M | $-39.0M | ||
| Q2 24 | $29.2M | $89.6M | ||
| Q1 24 | $26.5M | $76.0M |
自由现金流率IPGPLOPE
| Q4 25 | 4.0% | 39.9% | ||
| Q3 25 | 5.8% | -22.3% | ||
| Q2 25 | -7.0% | 46.6% | ||
| Q1 25 | -5.0% | 20.3% | ||
| Q4 24 | 21.6% | 43.1% | ||
| Q3 24 | 18.4% | -16.3% | ||
| Q2 24 | 11.3% | 39.4% | ||
| Q1 24 | 10.5% | 27.7% |
资本支出强度IPGPLOPE
| Q4 25 | 6.5% | 2.5% | ||
| Q3 25 | 8.3% | 3.7% | ||
| Q2 25 | 6.1% | 3.5% | ||
| Q1 25 | 10.9% | 3.1% | ||
| Q4 24 | 9.9% | 3.3% | ||
| Q3 24 | 9.9% | 4.0% | ||
| Q2 24 | 9.4% | 3.9% | ||
| Q1 24 | 11.1% | 3.3% |
现金转化率IPGPLOPE
| Q4 25 | 2.17× | 1.50× | ||
| Q3 25 | 4.73× | -2.99× | ||
| Q2 25 | -0.34× | 2.98× | ||
| Q1 25 | 3.58× | 0.94× | ||
| Q4 24 | 9.44× | 1.66× | ||
| Q3 24 | — | -0.71× | ||
| Q2 24 | 2.65× | 2.83× | ||
| Q1 24 | 2.27× | 1.25× |
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% |
LOPE
暂无分部数据
