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IPG PHOTONICS CORP（IPGP）与PREFORMED LINE PRODUCTS CO（PLPC）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PREFORMED LINE PRODUCTS CO的1.6倍（$274.5M vs $173.1M），PREFORMED LINE PRODUCTS CO净利率更高（4.9% vs 4.8%，领先0.0%），IPG PHOTONICS CORP同比增速更快（17.1% vs 3.6%），PREFORMED LINE PRODUCTS CO自由现金流更多（$11.8M vs $10.9M），过去两年PREFORMED LINE PRODUCTS CO的营收复合增速更高（10.8% 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。
预成型线路产品公司（PLPC）研发、生产和销售适用于输配电、通信及可再生能源基建领域的工程硬件组件，服务全球多地的公用事业、网络运营商及工业客户，提供可提升网络可靠性与运营效率的解决方案。
IPGP vs PLPC — 直观对比
营收规模更大
IPGP
是对方的1.6倍
$173.1M
营收增速更快
IPGP
高出13.5%
3.6%
净利率更高
PLPC
高出0.0%
4.8%
自由现金流更多
PLPC
多$871.0K
$10.9M
两年增速更快
PLPC
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $173.1M |
| 净利润 | $13.3M | $8.4M |
| 毛利率 | 36.1% | 29.8% |
| 营业利润率 | 1.2% | 6.8% |
| 净利率 | 4.8% | 4.9% |
| 营收同比 | 17.1% | 3.6% |
| 净利润同比 | 69.8% | -19.3% |
| 每股收益（稀释后） | $0.30 | $1.72 |
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IPGPPLPC
| Q4 25 | $274.5M | $173.1M | ||
| Q3 25 | $250.8M | $178.1M | ||
| Q2 25 | $250.7M | $169.6M | ||
| Q1 25 | $227.8M | $148.5M | ||
| Q4 24 | $234.3M | $167.1M | ||
| Q3 24 | $233.1M | $147.0M | ||
| Q2 24 | $257.6M | $138.7M | ||
| Q1 24 | $252.0M | $140.9M |
净利润IPGPPLPC
| Q4 25 | $13.3M | $8.4M | ||
| Q3 25 | $7.5M | $2.6M | ||
| Q2 25 | $6.6M | $12.7M | ||
| Q1 25 | $3.8M | $11.5M | ||
| Q4 24 | $7.8M | $10.5M | ||
| Q3 24 | $-233.6M | $7.7M | ||
| Q2 24 | $20.2M | $9.4M | ||
| Q1 24 | $24.1M | $9.6M |
毛利率IPGPPLPC
| Q4 25 | 36.1% | 29.8% | ||
| Q3 25 | 39.5% | 29.7% | ||
| Q2 25 | 37.3% | 32.7% | ||
| Q1 25 | 39.4% | 32.8% | ||
| Q4 24 | 38.6% | 33.3% | ||
| Q3 24 | 23.2% | 31.1% | ||
| Q2 24 | 37.3% | 31.9% | ||
| Q1 24 | 38.7% | 31.3% |
营业利润率IPGPPLPC
| Q4 25 | 1.2% | 6.8% | ||
| Q3 25 | 3.1% | 7.4% | ||
| Q2 25 | 0.0% | 10.1% | ||
| Q1 25 | 0.8% | 8.8% | ||
| Q4 24 | 6.0% | 10.5% | ||
| Q3 24 | -108.7% | 7.1% | ||
| Q2 24 | 4.7% | 8.1% | ||
| Q1 24 | 7.6% | 8.2% |
净利率IPGPPLPC
| Q4 25 | 4.8% | 4.9% | ||
| Q3 25 | 3.0% | 1.5% | ||
| Q2 25 | 2.6% | 7.5% | ||
| Q1 25 | 1.6% | 7.8% | ||
| Q4 24 | 3.3% | 6.3% | ||
| Q3 24 | -100.2% | 5.2% | ||
| Q2 24 | 7.8% | 6.8% | ||
| Q1 24 | 9.6% | 6.8% |
每股收益（稀释后）IPGPPLPC
| Q4 25 | $0.30 | $1.72 | ||
| Q3 25 | $0.18 | $0.53 | ||
| Q2 25 | $0.16 | $2.56 | ||
| Q1 25 | $0.09 | $2.33 | ||
| Q4 24 | $0.27 | $2.13 | ||
| Q3 24 | $-5.33 | $1.54 | ||
| Q2 24 | $0.45 | $1.89 | ||
| Q1 24 | $0.52 | $1.94 |
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 | — | $38.3M |
| 股东权益账面价值 | $2.1B | $475.5M |
| 总资产 | $2.4B | $653.6M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资IPGPPLPC
| 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 | — | ||
| Q1 24 | $1.1B | — |
总债务IPGPPLPC
| Q4 25 | — | $38.3M | ||
| Q3 25 | — | $36.0M | ||
| Q2 25 | — | $31.8M | ||
| Q1 25 | — | $29.1M | ||
| Q4 24 | — | $20.8M | ||
| Q3 24 | — | $27.2M | ||
| Q2 24 | — | $31.6M | ||
| Q1 24 | — | $55.0M |
股东权益IPGPPLPC
| Q4 25 | $2.1B | $475.5M | ||
| Q3 25 | $2.1B | $466.3M | ||
| Q2 25 | $2.1B | $460.7M | ||
| Q1 25 | $2.1B | $435.8M | ||
| Q4 24 | $2.0B | $422.3M | ||
| Q3 24 | $2.1B | $429.0M | ||
| Q2 24 | $2.3B | $416.2M | ||
| Q1 24 | $2.3B | $413.4M |
总资产IPGPPLPC
| Q4 25 | $2.4B | $653.6M | ||
| Q3 25 | $2.4B | $644.6M | ||
| Q2 25 | $2.4B | $631.5M | ||
| Q1 25 | $2.3B | $592.5M | ||
| Q4 24 | $2.3B | $573.9M | ||
| Q3 24 | $2.4B | $592.0M | ||
| Q2 24 | $2.5B | $572.6M | ||
| Q1 24 | $2.6B | $586.1M |
负债/权益比IPGPPLPC
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.08× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.13× |
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 | $21.9M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $11.8M |
| 自由现金流率自由现金流/营收 | 4.0% | 6.8% |
| 资本支出强度资本支出/营收 | 6.5% | 5.9% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.60× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $33.3M |
8季度趋势，按日历期对齐
经营现金流IPGPPLPC
| Q4 25 | $28.8M | $21.9M | ||
| Q3 25 | $35.3M | $18.9M | ||
| Q2 25 | $-2.2M | $26.9M | ||
| Q1 25 | $13.4M | $5.7M | ||
| Q4 24 | $73.8M | $24.1M | ||
| Q3 24 | $66.1M | $9.4M | ||
| Q2 24 | $53.5M | $28.3M | ||
| Q1 24 | $54.6M | $5.8M |
自由现金流IPGPPLPC
| Q4 25 | $10.9M | $11.8M | ||
| Q3 25 | $14.6M | $8.3M | ||
| Q2 25 | $-17.6M | $18.6M | ||
| Q1 25 | $-11.4M | $-5.3M | ||
| Q4 24 | $50.6M | $20.6M | ||
| Q3 24 | $43.0M | $5.8M | ||
| Q2 24 | $29.2M | $24.6M | ||
| Q1 24 | $26.5M | $1.8M |
自由现金流率IPGPPLPC
| Q4 25 | 4.0% | 6.8% | ||
| Q3 25 | 5.8% | 4.7% | ||
| Q2 25 | -7.0% | 10.9% | ||
| Q1 25 | -5.0% | -3.6% | ||
| Q4 24 | 21.6% | 12.3% | ||
| Q3 24 | 18.4% | 3.9% | ||
| Q2 24 | 11.3% | 17.7% | ||
| Q1 24 | 10.5% | 1.3% |
资本支出强度IPGPPLPC
| Q4 25 | 6.5% | 5.9% | ||
| Q3 25 | 8.3% | 6.0% | ||
| Q2 25 | 6.1% | 4.9% | ||
| Q1 25 | 10.9% | 7.4% | ||
| Q4 24 | 9.9% | 2.1% | ||
| Q3 24 | 9.9% | 2.4% | ||
| Q2 24 | 9.4% | 2.7% | ||
| Q1 24 | 11.1% | 2.8% |
现金转化率IPGPPLPC
| Q4 25 | 2.17× | 2.60× | ||
| Q3 25 | 4.73× | 7.21× | ||
| Q2 25 | -0.34× | 2.12× | ||
| Q1 25 | 3.58× | 0.49× | ||
| Q4 24 | 9.44× | 2.30× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | 2.65× | 3.02× | ||
| Q1 24 | 2.27× | 0.60× |
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% |
PLPC
暂无分部数据
