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IPG PHOTONICS CORP（IPGP）与Ranger Energy Services, Inc.（RNGR）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Ranger Energy Services, Inc.的1.9倍（$274.5M vs $142.2M），IPG PHOTONICS CORP净利率更高（4.8% vs 2.3%，领先2.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $10.9M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs 1.9%）
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。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
IPGP vs RNGR — 直观对比
营收规模更大
IPGP
是对方的1.9倍
$142.2M
营收增速更快
IPGP
高出17.8%
-0.6%
净利率更高
IPGP
高出2.6%
2.3%
自由现金流更多
RNGR
多$6.2M
$10.9M
两年增速更快
IPGP
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $142.2M |
| 净利润 | $13.3M | $3.2M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 2.3% |
| 净利率 | 4.8% | 2.3% |
| 营收同比 | 17.1% | -0.6% |
| 净利润同比 | 69.8% | -44.8% |
| 每股收益（稀释后） | $0.30 | $0.14 |
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IPGPRNGR
| Q4 25 | $274.5M | $142.2M | ||
| Q3 25 | $250.8M | $128.9M | ||
| Q2 25 | $250.7M | $140.6M | ||
| Q1 25 | $227.8M | $135.2M | ||
| Q4 24 | $234.3M | $143.1M | ||
| Q3 24 | $233.1M | $153.0M | ||
| Q2 24 | $257.6M | $138.1M | ||
| Q1 24 | $252.0M | $136.9M |
净利润IPGPRNGR
| Q4 25 | $13.3M | $3.2M | ||
| Q3 25 | $7.5M | $1.2M | ||
| Q2 25 | $6.6M | $7.3M | ||
| Q1 25 | $3.8M | $600.0K | ||
| Q4 24 | $7.8M | $5.8M | ||
| Q3 24 | $-233.6M | $8.7M | ||
| Q2 24 | $20.2M | $4.7M | ||
| Q1 24 | $24.1M | $-800.0K |
毛利率IPGPRNGR
| 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IPGPRNGR
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 3.1% | 2.0% | ||
| Q2 25 | 0.0% | 6.1% | ||
| Q1 25 | 0.8% | 0.7% | ||
| Q4 24 | 6.0% | 6.2% | ||
| Q3 24 | -108.7% | 8.4% | ||
| Q2 24 | 4.7% | 5.3% | ||
| Q1 24 | 7.6% | -0.4% |
净利率IPGPRNGR
| Q4 25 | 4.8% | 2.3% | ||
| Q3 25 | 3.0% | 0.9% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | 1.6% | 0.4% | ||
| Q4 24 | 3.3% | 4.1% | ||
| Q3 24 | -100.2% | 5.7% | ||
| Q2 24 | 7.8% | 3.4% | ||
| Q1 24 | 9.6% | -0.6% |
每股收益（稀释后）IPGPRNGR
| Q4 25 | $0.30 | $0.14 | ||
| Q3 25 | $0.18 | $0.05 | ||
| Q2 25 | $0.16 | $0.32 | ||
| Q1 25 | $0.09 | $0.03 | ||
| Q4 24 | $0.27 | $0.24 | ||
| Q3 24 | $-5.33 | $0.39 | ||
| Q2 24 | $0.45 | $0.21 | ||
| Q1 24 | $0.52 | $-0.03 |
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 | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $300.1M |
| 总资产 | $2.4B | $419.3M |
| 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IPGPRNGR
| Q4 25 | $839.3M | $10.3M | ||
| Q3 25 | $870.4M | $45.2M | ||
| Q2 25 | $899.6M | $48.9M | ||
| Q1 25 | $926.9M | $40.3M | ||
| Q4 24 | $930.2M | $40.9M | ||
| Q3 24 | $1.0B | $14.8M | ||
| Q2 24 | $1.1B | $8.7M | ||
| Q1 24 | $1.1B | $11.1M |
总债务IPGPRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益IPGPRNGR
| Q4 25 | $2.1B | $300.1M | ||
| Q3 25 | $2.1B | $270.0M | ||
| Q2 25 | $2.1B | $276.9M | ||
| Q1 25 | $2.1B | $272.6M | ||
| Q4 24 | $2.0B | $273.8M | ||
| Q3 24 | $2.1B | $267.6M | ||
| Q2 24 | $2.3B | $260.5M | ||
| Q1 24 | $2.3B | $261.7M |
总资产IPGPRNGR
| Q4 25 | $2.4B | $419.3M | ||
| Q3 25 | $2.4B | $372.8M | ||
| Q2 25 | $2.4B | $381.7M | ||
| Q1 25 | $2.3B | $376.5M | ||
| Q4 24 | $2.3B | $381.6M | ||
| Q3 24 | $2.4B | $373.9M | ||
| Q2 24 | $2.5B | $359.6M | ||
| Q1 24 | $2.6B | $355.5M |
负债/权益比IPGPRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $17.1M |
| 自由现金流率自由现金流/营收 | 4.0% | 12.0% |
| 资本支出强度资本支出/营收 | 6.5% | 4.9% |
| 现金转化率经营现金流/净利润 | 2.17× | 7.53× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $42.9M |
8季度趋势，按日历期对齐
经营现金流IPGPRNGR
| Q4 25 | $28.8M | $24.1M | ||
| Q3 25 | $35.3M | $13.6M | ||
| Q2 25 | $-2.2M | $20.7M | ||
| Q1 25 | $13.4M | $10.6M | ||
| Q4 24 | $73.8M | $32.7M | ||
| Q3 24 | $66.1M | $17.7M | ||
| Q2 24 | $53.5M | $22.1M | ||
| Q1 24 | $54.6M | $12.0M |
自由现金流IPGPRNGR
| Q4 25 | $10.9M | $17.1M | ||
| Q3 25 | $14.6M | $8.0M | ||
| Q2 25 | $-17.6M | $14.4M | ||
| Q1 25 | $-11.4M | $3.4M | ||
| Q4 24 | $50.6M | $27.3M | ||
| Q3 24 | $43.0M | $10.8M | ||
| Q2 24 | $29.2M | $6.8M | ||
| Q1 24 | $26.5M | $5.5M |
自由现金流率IPGPRNGR
| Q4 25 | 4.0% | 12.0% | ||
| Q3 25 | 5.8% | 6.2% | ||
| Q2 25 | -7.0% | 10.2% | ||
| Q1 25 | -5.0% | 2.5% | ||
| Q4 24 | 21.6% | 19.1% | ||
| Q3 24 | 18.4% | 7.1% | ||
| Q2 24 | 11.3% | 4.9% | ||
| Q1 24 | 10.5% | 4.0% |
资本支出强度IPGPRNGR
| Q4 25 | 6.5% | 4.9% | ||
| Q3 25 | 8.3% | 4.3% | ||
| Q2 25 | 6.1% | 4.5% | ||
| Q1 25 | 10.9% | 5.3% | ||
| Q4 24 | 9.9% | 3.8% | ||
| Q3 24 | 9.9% | 4.5% | ||
| Q2 24 | 9.4% | 11.1% | ||
| Q1 24 | 11.1% | 4.7% |
现金转化率IPGPRNGR
| Q4 25 | 2.17× | 7.53× | ||
| Q3 25 | 4.73× | 11.33× | ||
| Q2 25 | -0.34× | 2.84× | ||
| Q1 25 | 3.58× | 17.67× | ||
| Q4 24 | 9.44× | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | 2.65× | 4.70× | ||
| Q1 24 | 2.27× | — |
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% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
