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IPG PHOTONICS CORP（IPGP）与PERDOCEO EDUCATION Corp（PRDO）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PERDOCEO EDUCATION Corp的1.3倍（$274.5M vs $211.6M），PERDOCEO EDUCATION Corp同比增速更快（20.0% vs 17.1%），PERDOCEO EDUCATION Corp自由现金流更多（$37.9M vs $10.9M），过去两年PERDOCEO EDUCATION Corp的营收复合增速更高（12.2% 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。
Perdoceo Education是美国上市营利性教育集团，前身为职业教育公司（Career Education Corporation），旗下运营五所美国营利性大学，包括美国洲际大学、科罗拉多理工大学、南加利福尼亚大学、三叉戟国际大学及圣奥古斯丁健康科学大学，业务覆盖高等教育、职业教育及健康科学相关教育领域。
IPGP vs PRDO — 直观对比
营收规模更大
IPGP
是对方的1.3倍
$211.6M
营收增速更快
PRDO
高出2.8%
17.1%
自由现金流更多
PRDO
多$27.0M
$10.9M
两年增速更快
PRDO
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $211.6M |
| 净利润 | $13.3M | — |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 19.8% |
| 净利率 | 4.8% | — |
| 营收同比 | 17.1% | 20.0% |
| 净利润同比 | 69.8% | — |
| 每股收益（稀释后） | $0.30 | $0.55 |
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IPGPPRDO
| Q4 25 | $274.5M | $211.6M | ||
| Q3 25 | $250.8M | $211.9M | ||
| Q2 25 | $250.7M | $209.6M | ||
| Q1 25 | $227.8M | $213.0M | ||
| Q4 24 | $234.3M | $176.4M | ||
| Q3 24 | $233.1M | $169.8M | ||
| Q2 24 | $257.6M | $166.7M | ||
| Q1 24 | $252.0M | $168.3M |
净利润IPGPPRDO
| Q4 25 | $13.3M | — | ||
| Q3 25 | $7.5M | $39.9M | ||
| Q2 25 | $6.6M | $41.0M | ||
| Q1 25 | $3.8M | $43.7M | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-233.6M | $38.3M | ||
| Q2 24 | $20.2M | $38.4M | ||
| Q1 24 | $24.1M | $39.4M |
毛利率IPGPPRDO
| 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IPGPPRDO
| Q4 25 | 1.2% | 19.8% | ||
| Q3 25 | 3.1% | 24.1% | ||
| Q2 25 | 0.0% | 24.5% | ||
| Q1 25 | 0.8% | 24.3% | ||
| Q4 24 | 6.0% | 21.1% | ||
| Q3 24 | -108.7% | 26.4% | ||
| Q2 24 | 4.7% | 27.6% | ||
| Q1 24 | 7.6% | 27.5% |
净利率IPGPPRDO
| Q4 25 | 4.8% | — | ||
| Q3 25 | 3.0% | 18.8% | ||
| Q2 25 | 2.6% | 19.6% | ||
| Q1 25 | 1.6% | 20.5% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | -100.2% | 22.5% | ||
| Q2 24 | 7.8% | 23.0% | ||
| Q1 24 | 9.6% | 23.4% |
每股收益（稀释后）IPGPPRDO
| Q4 25 | $0.30 | $0.55 | ||
| Q3 25 | $0.18 | $0.60 | ||
| Q2 25 | $0.16 | $0.62 | ||
| Q1 25 | $0.09 | $0.65 | ||
| Q4 24 | $0.27 | $0.46 | ||
| Q3 24 | $-5.33 | $0.57 | ||
| Q2 24 | $0.45 | $0.57 | ||
| Q1 24 | $0.52 | $0.59 |
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 | $111.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $972.4M |
| 总资产 | $2.4B | $1.2B |
| 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IPGPPRDO
| Q4 25 | $839.3M | $111.0M | ||
| Q3 25 | $870.4M | $159.5M | ||
| Q2 25 | $899.6M | $172.1M | ||
| Q1 25 | $926.9M | $132.1M | ||
| Q4 24 | $930.2M | $109.1M | ||
| Q3 24 | $1.0B | $238.0M | ||
| Q2 24 | $1.1B | $127.9M | ||
| Q1 24 | $1.1B | $125.8M |
股东权益IPGPPRDO
| Q4 25 | $2.1B | $972.4M | ||
| Q3 25 | $2.1B | $997.9M | ||
| Q2 25 | $2.1B | $984.6M | ||
| Q1 25 | $2.1B | $970.3M | ||
| Q4 24 | $2.0B | $959.5M | ||
| Q3 24 | $2.1B | $935.4M | ||
| Q2 24 | $2.3B | $899.5M | ||
| Q1 24 | $2.3B | $866.1M |
总资产IPGPPRDO
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.6B | $1.1B |
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 | $40.1M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $37.9M |
| 自由现金流率自由现金流/营收 | 4.0% | 17.9% |
| 资本支出强度资本支出/营收 | 6.5% | 1.1% |
| 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 | $216.7M |
8季度趋势，按日历期对齐
经营现金流IPGPPRDO
| Q4 25 | $28.8M | $40.1M | ||
| Q3 25 | $35.3M | $41.2M | ||
| Q2 25 | $-2.2M | $78.8M | ||
| Q1 25 | $13.4M | $65.1M | ||
| Q4 24 | $73.8M | $17.6M | ||
| Q3 24 | $66.1M | $51.0M | ||
| Q2 24 | $53.5M | $38.5M | ||
| Q1 24 | $54.6M | $54.5M |
自由现金流IPGPPRDO
| Q4 25 | $10.9M | $37.9M | ||
| Q3 25 | $14.6M | $39.4M | ||
| Q2 25 | $-17.6M | $76.0M | ||
| Q1 25 | $-11.4M | $63.4M | ||
| Q4 24 | $50.6M | $16.0M | ||
| Q3 24 | $43.0M | $50.0M | ||
| Q2 24 | $29.2M | $37.7M | ||
| Q1 24 | $26.5M | $53.3M |
自由现金流率IPGPPRDO
| Q4 25 | 4.0% | 17.9% | ||
| Q3 25 | 5.8% | 18.6% | ||
| Q2 25 | -7.0% | 36.3% | ||
| Q1 25 | -5.0% | 29.8% | ||
| Q4 24 | 21.6% | 9.1% | ||
| Q3 24 | 18.4% | 29.4% | ||
| Q2 24 | 11.3% | 22.6% | ||
| Q1 24 | 10.5% | 31.7% |
资本支出强度IPGPPRDO
| Q4 25 | 6.5% | 1.1% | ||
| Q3 25 | 8.3% | 0.9% | ||
| Q2 25 | 6.1% | 1.3% | ||
| Q1 25 | 10.9% | 0.8% | ||
| Q4 24 | 9.9% | 0.9% | ||
| Q3 24 | 9.9% | 0.6% | ||
| Q2 24 | 9.4% | 0.5% | ||
| Q1 24 | 11.1% | 0.7% |
现金转化率IPGPPRDO
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | 1.03× | ||
| Q2 25 | -0.34× | 1.92× | ||
| Q1 25 | 3.58× | 1.49× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 2.65× | 1.00× | ||
| Q1 24 | 2.27× | 1.38× |
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% |
PRDO
| CTU | $107.0M | 51% |
| AIUS | $60.8M | 29% |
| University Of St Augustine For Health Sciences Llc | $43.7M | 21% |
| Other | $1.1M | 1% |
