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IPG PHOTONICS CORP（IPGP）与PARK NATIONAL CORP（PRK）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PARK NATIONAL CORP的1.6倍（$274.5M vs $168.3M），PARK NATIONAL CORP净利率更高（25.3% vs 4.8%，领先20.5%），IPG PHOTONICS CORP同比增速更快（17.1% vs 2.2%），PARK NATIONAL CORP自由现金流更多（$191.9M vs $10.9M），过去两年PARK NATIONAL CORP的营收复合增速更高（4.9% 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。
国家零售系统公司（NRS）旗下包含基石货运公司与国家零售运输公司，是一家成立于1952年的资产型第三方物流服务商，总部位于美国新泽西州林德赫斯特，为客户提供专业的物流供应链相关解决方案。
IPGP vs PRK — 直观对比
营收规模更大
IPGP
是对方的1.6倍
$168.3M
营收增速更快
IPGP
高出14.9%
2.2%
净利率更高
PRK
高出20.5%
4.8%
自由现金流更多
PRK
多$181.0M
$10.9M
两年增速更快
PRK
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $168.3M |
| 净利润 | $13.3M | $42.6M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | — |
| 净利率 | 4.8% | 25.3% |
| 营收同比 | 17.1% | 2.2% |
| 净利润同比 | 69.8% | 10.4% |
| 每股收益（稀释后） | $0.30 | $2.62 |
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IPGPPRK
| Q4 25 | $274.5M | $168.3M | ||
| Q3 25 | $250.8M | $169.5M | ||
| Q2 25 | $250.7M | $168.7M | ||
| Q1 25 | $227.8M | $157.9M | ||
| Q4 24 | $234.3M | $164.7M | ||
| Q3 24 | $233.1M | $170.3M | ||
| Q2 24 | $257.6M | $157.7M | ||
| Q1 24 | $252.0M | $152.8M |
净利润IPGPPRK
| Q4 25 | $13.3M | $42.6M | ||
| Q3 25 | $7.5M | $47.2M | ||
| Q2 25 | $6.6M | $48.1M | ||
| Q1 25 | $3.8M | $42.2M | ||
| Q4 24 | $7.8M | $38.6M | ||
| Q3 24 | $-233.6M | $38.2M | ||
| Q2 24 | $20.2M | $39.4M | ||
| Q1 24 | $24.1M | $35.2M |
毛利率IPGPPRK
| 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IPGPPRK
| Q4 25 | 1.2% | — | ||
| Q3 25 | 3.1% | 34.3% | ||
| Q2 25 | 0.0% | 35.2% | ||
| Q1 25 | 0.8% | 32.4% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -108.7% | 27.4% | ||
| Q2 24 | 4.7% | 30.6% | ||
| Q1 24 | 7.6% | 27.8% |
净利率IPGPPRK
| Q4 25 | 4.8% | 25.3% | ||
| Q3 25 | 3.0% | 27.8% | ||
| Q2 25 | 2.6% | 28.5% | ||
| Q1 25 | 1.6% | 26.7% | ||
| Q4 24 | 3.3% | 23.5% | ||
| Q3 24 | -100.2% | 22.4% | ||
| Q2 24 | 7.8% | 25.0% | ||
| Q1 24 | 9.6% | 23.0% |
每股收益（稀释后）IPGPPRK
| Q4 25 | $0.30 | $2.62 | ||
| Q3 25 | $0.18 | $2.92 | ||
| Q2 25 | $0.16 | $2.97 | ||
| Q1 25 | $0.09 | $2.60 | ||
| Q4 24 | $0.27 | $2.38 | ||
| Q3 24 | $-5.33 | $2.35 | ||
| Q2 24 | $0.45 | $2.42 | ||
| Q1 24 | $0.52 | $2.17 |
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 | $233.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.4B |
| 总资产 | $2.4B | $9.8B |
| 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IPGPPRK
| Q4 25 | $839.3M | $233.5M | ||
| Q3 25 | $870.4M | $218.9M | ||
| Q2 25 | $899.6M | $193.1M | ||
| Q1 25 | $926.9M | $237.6M | ||
| Q4 24 | $930.2M | $160.6M | ||
| Q3 24 | $1.0B | $201.7M | ||
| Q2 24 | $1.1B | $261.5M | ||
| Q1 24 | $1.1B | $306.1M |
股东权益IPGPPRK
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
总资产IPGPPRK
| Q4 25 | $2.4B | $9.8B | ||
| Q3 25 | $2.4B | $9.9B | ||
| Q2 25 | $2.4B | $9.9B | ||
| Q1 25 | $2.3B | $9.9B | ||
| Q4 24 | $2.3B | $9.8B | ||
| Q3 24 | $2.4B | $9.9B | ||
| Q2 24 | $2.5B | $9.9B | ||
| Q1 24 | $2.6B | $9.9B |
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 | $198.3M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $191.9M |
| 自由现金流率自由现金流/营收 | 4.0% | 114.1% |
| 资本支出强度资本支出/营收 | 6.5% | 3.8% |
| 现金转化率经营现金流/净利润 | 2.17× | 4.65× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $328.2M |
8季度趋势，按日历期对齐
经营现金流IPGPPRK
| Q4 25 | $28.8M | $198.3M | ||
| Q3 25 | $35.3M | $52.6M | ||
| Q2 25 | $-2.2M | $49.7M | ||
| Q1 25 | $13.4M | $37.9M | ||
| Q4 24 | $73.8M | $178.8M | ||
| Q3 24 | $66.1M | $43.8M | ||
| Q2 24 | $53.5M | $50.9M | ||
| Q1 24 | $54.6M | $35.0M |
自由现金流IPGPPRK
| Q4 25 | $10.9M | $191.9M | ||
| Q3 25 | $14.6M | $51.1M | ||
| Q2 25 | $-17.6M | $48.4M | ||
| Q1 25 | $-11.4M | $36.8M | ||
| Q4 24 | $50.6M | $169.7M | ||
| Q3 24 | $43.0M | $41.7M | ||
| Q2 24 | $29.2M | $49.0M | ||
| Q1 24 | $26.5M | $31.9M |
自由现金流率IPGPPRK
| Q4 25 | 4.0% | 114.1% | ||
| Q3 25 | 5.8% | 30.1% | ||
| Q2 25 | -7.0% | 28.7% | ||
| Q1 25 | -5.0% | 23.3% | ||
| Q4 24 | 21.6% | 103.0% | ||
| Q3 24 | 18.4% | 24.5% | ||
| Q2 24 | 11.3% | 31.1% | ||
| Q1 24 | 10.5% | 20.8% |
资本支出强度IPGPPRK
| Q4 25 | 6.5% | 3.8% | ||
| Q3 25 | 8.3% | 0.9% | ||
| Q2 25 | 6.1% | 0.8% | ||
| Q1 25 | 10.9% | 0.7% | ||
| Q4 24 | 9.9% | 5.6% | ||
| Q3 24 | 9.9% | 1.2% | ||
| Q2 24 | 9.4% | 1.2% | ||
| Q1 24 | 11.1% | 2.1% |
现金转化率IPGPPRK
| Q4 25 | 2.17× | 4.65× | ||
| Q3 25 | 4.73× | 1.11× | ||
| Q2 25 | -0.34× | 1.03× | ||
| Q1 25 | 3.58× | 0.90× | ||
| Q4 24 | 9.44× | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | 2.65× | 1.29× | ||
| Q1 24 | 2.27× | 0.99× |
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% |
PRK
暂无分部数据
