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IPG PHOTONICS CORP（IPGP）与PennyMac Financial Services, Inc.（PFSI）财务数据对比。点击上方公司名可切换其他公司
PennyMac Financial Services, Inc.的季度营收约是IPG PHOTONICS CORP的2.0倍（$538.0M vs $274.5M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 4.8%，领先1747.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs 14.4%），IPG PHOTONICS CORP自由现金流更多（$10.9M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% 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。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
IPGP vs PFSI — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $538.0M |
| 净利润 | $13.3M | $106.8M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 25.0% |
| 净利率 | 4.8% | 1752.5% |
| 营收同比 | 17.1% | 14.4% |
| 净利润同比 | 69.8% | 2.2% |
| 每股收益（稀释后） | $0.30 | $1.97 |
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
| Q4 25 | $274.5M | $538.0M | ||
| Q3 25 | $250.8M | $632.9M | ||
| Q2 25 | $250.7M | $444.7M | ||
| Q1 25 | $227.8M | $430.9M | ||
| Q4 24 | $234.3M | $470.1M | ||
| Q3 24 | $233.1M | $411.8M | ||
| Q2 24 | $257.6M | $406.1M | ||
| Q1 24 | $252.0M | $305.7M |
| Q4 25 | $13.3M | $106.8M | ||
| Q3 25 | $7.5M | $181.5M | ||
| Q2 25 | $6.6M | $136.5M | ||
| Q1 25 | $3.8M | $76.3M | ||
| Q4 24 | $7.8M | $104.5M | ||
| Q3 24 | $-233.6M | $69.4M | ||
| Q2 24 | $20.2M | $98.3M | ||
| Q1 24 | $24.1M | $39.3M |
| 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% | — |
| Q4 25 | 1.2% | 25.0% | ||
| Q3 25 | 3.1% | 37.3% | ||
| Q2 25 | 0.0% | 17.2% | ||
| Q1 25 | 0.8% | 24.2% | ||
| Q4 24 | 6.0% | 27.5% | ||
| Q3 24 | -108.7% | 22.8% | ||
| Q2 24 | 4.7% | 33.0% | ||
| Q1 24 | 7.6% | 14.4% |
| Q4 25 | 4.8% | 1752.5% | ||
| Q3 25 | 3.0% | 28.7% | ||
| Q2 25 | 2.6% | 30.7% | ||
| Q1 25 | 1.6% | 17.7% | ||
| Q4 24 | 3.3% | 2559.8% | ||
| Q3 24 | -100.2% | 16.8% | ||
| Q2 24 | 7.8% | 24.2% | ||
| Q1 24 | 9.6% | 12.9% |
| Q4 25 | $0.30 | $1.97 | ||
| Q3 25 | $0.18 | $3.37 | ||
| Q2 25 | $0.16 | $2.54 | ||
| Q1 25 | $0.09 | $1.42 | ||
| Q4 24 | $0.27 | $1.95 | ||
| Q3 24 | $-5.33 | $1.30 | ||
| Q2 24 | $0.45 | $1.85 | ||
| Q1 24 | $0.52 | $0.74 |
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 | $410.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $2.1B | $4.3B |
| 总资产 | $2.4B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | $839.3M | $410.0M | ||
| Q3 25 | $870.4M | $62.2M | ||
| Q2 25 | $899.6M | $462.3M | ||
| Q1 25 | $926.9M | $443.4M | ||
| Q4 24 | $930.2M | $420.6M | ||
| Q3 24 | $1.0B | $667.9M | ||
| Q2 24 | $1.1B | $188.8M | ||
| Q1 24 | $1.1B | $69.0K |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | $2.1B | $4.0B | ||
| Q1 25 | $2.1B | $3.9B | ||
| Q4 24 | $2.0B | $3.8B | ||
| Q3 24 | $2.1B | $3.7B | ||
| Q2 24 | $2.3B | $3.7B | ||
| Q1 24 | $2.3B | $3.6B |
| Q4 25 | $2.4B | $29.4B | ||
| Q3 25 | $2.4B | $25.4B | ||
| Q2 25 | $2.4B | $24.2B | ||
| Q1 25 | $2.3B | $23.9B | ||
| Q4 24 | $2.3B | $26.1B | ||
| Q3 24 | $2.4B | $22.9B | ||
| Q2 24 | $2.5B | $21.6B | ||
| Q1 24 | $2.6B | $19.8B |
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 1.27× |
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 | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $-1.7B |
| 自由现金流率自由现金流/营收 | 4.0% | -309.3% |
| 资本支出强度资本支出/营收 | 6.5% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.17× | -15.46× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $28.8M | $-1.7B | ||
| Q3 25 | $35.3M | $-697.4M | ||
| Q2 25 | $-2.2M | $-131.3M | ||
| Q1 25 | $13.4M | $1.1B | ||
| Q4 24 | $73.8M | $-4.5B | ||
| Q3 24 | $66.1M | $-393.7M | ||
| Q2 24 | $53.5M | $-1.1B | ||
| Q1 24 | $54.6M | $-897.9M |
| Q4 25 | $10.9M | $-1.7B | ||
| Q3 25 | $14.6M | $-699.4M | ||
| Q2 25 | $-17.6M | $-132.6M | ||
| Q1 25 | $-11.4M | $1.1B | ||
| Q4 24 | $50.6M | $-4.5B | ||
| Q3 24 | $43.0M | $-393.9M | ||
| Q2 24 | $29.2M | $-1.1B | ||
| Q1 24 | $26.5M | $-898.9M |
| Q4 25 | 4.0% | -309.3% | ||
| Q3 25 | 5.8% | -110.5% | ||
| Q2 25 | -7.0% | -29.8% | ||
| Q1 25 | -5.0% | 247.3% | ||
| Q4 24 | 21.6% | -964.7% | ||
| Q3 24 | 18.4% | -95.6% | ||
| Q2 24 | 11.3% | -269.2% | ||
| Q1 24 | 10.5% | -294.1% |
| Q4 25 | 6.5% | 2.2% | ||
| Q3 25 | 8.3% | 0.3% | ||
| Q2 25 | 6.1% | 0.3% | ||
| Q1 25 | 10.9% | 0.1% | ||
| Q4 24 | 9.9% | 0.4% | ||
| Q3 24 | 9.9% | 0.0% | ||
| Q2 24 | 9.4% | 0.1% | ||
| Q1 24 | 11.1% | 0.3% |
| Q4 25 | 2.17× | -15.46× | ||
| Q3 25 | 4.73× | -3.84× | ||
| Q2 25 | -0.34× | -0.96× | ||
| Q1 25 | 3.58× | 13.97× | ||
| Q4 24 | 9.44× | -43.39× | ||
| Q3 24 | — | -5.68× | ||
| Q2 24 | 2.65× | -11.12× | ||
| Q1 24 | 2.27× | -22.84× |
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% |
PFSI
暂无分部数据
