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IPG PHOTONICS CORP（IPGP）与OFG BANCORP（OFG）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OFG BANCORP的1.5倍（$274.5M vs $184.3M），OFG BANCORP净利率更高（30.3% vs 4.8%，领先25.5%），IPG PHOTONICS CORP同比增速更快（17.1% vs 0.9%），OFG BANCORP自由现金流更多（$199.3M vs $10.9M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs 2.8%）
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。
OFG Bancorp成立于1964年，总部位于波多黎各圣胡安，是东方银行的金融控股公司。公司通过东方银行、东方金融服务有限责任公司、东方保险有限责任公司等核心子公司，主要面向波多黎各和美属维尔京群岛市场，提供多元化的零售与商业银行、贷款、财富管理相关产品、服务及技术解决方案。
IPGP vs OFG — 直观对比
营收规模更大
IPGP
是对方的1.5倍
$184.3M
营收增速更快
IPGP
高出16.2%
0.9%
净利率更高
OFG
高出25.5%
4.8%
自由现金流更多
OFG
多$188.4M
$10.9M
两年增速更快
IPGP
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $184.3M |
| 净利润 | $13.3M | $55.9M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 25.7% |
| 净利率 | 4.8% | 30.3% |
| 营收同比 | 17.1% | 0.9% |
| 净利润同比 | 69.8% | 11.0% |
| 每股收益（稀释后） | $0.30 | $1.27 |
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IPGPOFG
| Q4 25 | $274.5M | $184.3M | ||
| Q3 25 | $250.8M | $186.2M | ||
| Q2 25 | $250.7M | $182.4M | ||
| Q1 25 | $227.8M | $178.6M | ||
| Q4 24 | $234.3M | $182.7M | ||
| Q3 24 | $233.1M | $174.7M | ||
| Q2 24 | $257.6M | $179.8M | ||
| Q1 24 | $252.0M | $174.4M |
净利润IPGPOFG
| Q4 25 | $13.3M | $55.9M | ||
| Q3 25 | $7.5M | $51.8M | ||
| Q2 25 | $6.6M | $51.8M | ||
| Q1 25 | $3.8M | $45.6M | ||
| Q4 24 | $7.8M | $50.3M | ||
| Q3 24 | $-233.6M | $47.0M | ||
| Q2 24 | $20.2M | $51.1M | ||
| Q1 24 | $24.1M | $49.7M |
毛利率IPGPOFG
| 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IPGPOFG
| Q4 25 | 1.2% | 25.7% | ||
| Q3 25 | 3.1% | 33.0% | ||
| Q2 25 | 0.0% | 36.1% | ||
| Q1 25 | 0.8% | 33.3% | ||
| Q4 24 | 6.0% | 28.9% | ||
| Q3 24 | -108.7% | 35.4% | ||
| Q2 24 | 4.7% | 39.6% | ||
| Q1 24 | 7.6% | 38.9% |
净利率IPGPOFG
| Q4 25 | 4.8% | 30.3% | ||
| Q3 25 | 3.0% | 27.8% | ||
| Q2 25 | 2.6% | 28.4% | ||
| Q1 25 | 1.6% | 25.5% | ||
| Q4 24 | 3.3% | 27.6% | ||
| Q3 24 | -100.2% | 26.9% | ||
| Q2 24 | 7.8% | 28.4% | ||
| Q1 24 | 9.6% | 28.5% |
每股收益（稀释后）IPGPOFG
| Q4 25 | $0.30 | $1.27 | ||
| Q3 25 | $0.18 | $1.16 | ||
| Q2 25 | $0.16 | $1.15 | ||
| Q1 25 | $0.09 | $1.00 | ||
| Q4 24 | $0.27 | $1.10 | ||
| Q3 24 | $-5.33 | $1.00 | ||
| Q2 24 | $0.45 | $1.08 | ||
| Q1 24 | $0.52 | $1.05 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $2.4B | $12.5B |
| 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IPGPOFG
| Q4 25 | $839.3M | $1.0B | ||
| Q3 25 | $870.4M | $740.3M | ||
| Q2 25 | $899.6M | $851.8M | ||
| Q1 25 | $926.9M | $710.6M | ||
| Q4 24 | $930.2M | $591.1M | ||
| Q3 24 | $1.0B | $680.6M | ||
| Q2 24 | $1.1B | $740.4M | ||
| Q1 24 | $1.1B | $754.4M |
股东权益IPGPOFG
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
总资产IPGPOFG
| Q4 25 | $2.4B | $12.5B | ||
| Q3 25 | $2.4B | $12.2B | ||
| Q2 25 | $2.4B | $12.2B | ||
| Q1 25 | $2.3B | $11.7B | ||
| Q4 24 | $2.3B | $11.5B | ||
| Q3 24 | $2.4B | $11.5B | ||
| Q2 24 | $2.5B | $11.3B | ||
| Q1 24 | $2.6B | $11.2B |
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 | $217.7M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $199.3M |
| 自由现金流率自由现金流/营收 | 4.0% | 108.1% |
| 资本支出强度资本支出/营收 | 6.5% | 10.0% |
| 现金转化率经营现金流/净利润 | 2.17× | 3.90× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $345.4M |
8季度趋势，按日历期对齐
经营现金流IPGPOFG
| Q4 25 | $28.8M | $217.7M | ||
| Q3 25 | $35.3M | $39.5M | ||
| Q2 25 | $-2.2M | $35.9M | ||
| Q1 25 | $13.4M | $83.1M | ||
| Q4 24 | $73.8M | $252.5M | ||
| Q3 24 | $66.1M | $58.1M | ||
| Q2 24 | $53.5M | $95.1M | ||
| Q1 24 | $54.6M | $61.0M |
自由现金流IPGPOFG
| Q4 25 | $10.9M | $199.3M | ||
| Q3 25 | $14.6M | $35.5M | ||
| Q2 25 | $-17.6M | $31.8M | ||
| Q1 25 | $-11.4M | $78.7M | ||
| Q4 24 | $50.6M | $231.2M | ||
| Q3 24 | $43.0M | $51.8M | ||
| Q2 24 | $29.2M | $90.4M | ||
| Q1 24 | $26.5M | $54.8M |
自由现金流率IPGPOFG
| Q4 25 | 4.0% | 108.1% | ||
| Q3 25 | 5.8% | 19.1% | ||
| Q2 25 | -7.0% | 17.4% | ||
| Q1 25 | -5.0% | 44.1% | ||
| Q4 24 | 21.6% | 126.5% | ||
| Q3 24 | 18.4% | 29.6% | ||
| Q2 24 | 11.3% | 50.3% | ||
| Q1 24 | 10.5% | 31.4% |
资本支出强度IPGPOFG
| Q4 25 | 6.5% | 10.0% | ||
| Q3 25 | 8.3% | 2.1% | ||
| Q2 25 | 6.1% | 2.3% | ||
| Q1 25 | 10.9% | 2.4% | ||
| Q4 24 | 9.9% | 11.7% | ||
| Q3 24 | 9.9% | 3.6% | ||
| Q2 24 | 9.4% | 2.6% | ||
| Q1 24 | 11.1% | 3.5% |
现金转化率IPGPOFG
| Q4 25 | 2.17× | 3.90× | ||
| Q3 25 | 4.73× | 0.76× | ||
| Q2 25 | -0.34× | 0.69× | ||
| Q1 25 | 3.58× | 1.82× | ||
| Q4 24 | 9.44× | 5.02× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | 2.65× | 1.86× | ||
| Q1 24 | 2.27× | 1.23× |
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% |
OFG
暂无分部数据
