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IPG PHOTONICS CORP（IPGP）与ROGERS CORP（ROG）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ROGERS CORP的1.4倍（$274.5M vs $200.5M），IPG PHOTONICS CORP净利率更高（4.8% vs 2.2%，领先2.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs 5.2%），IPG PHOTONICS CORP自由现金流更多（$10.9M vs $1.1M），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs -3.3%）
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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
IPGP vs ROG — 直观对比
营收规模更大
IPGP
是对方的1.4倍
$200.5M
营收增速更快
IPGP
高出11.9%
5.2%
净利率更高
IPGP
高出2.6%
2.2%
自由现金流更多
IPGP
多$9.8M
$1.1M
两年增速更快
IPGP
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $200.5M |
| 净利润 | $13.3M | $4.5M |
| 毛利率 | 36.1% | 32.2% |
| 营业利润率 | 1.2% | — |
| 净利率 | 4.8% | 2.2% |
| 营收同比 | 17.1% | 5.2% |
| 净利润同比 | 69.8% | 421.4% |
| 每股收益（稀释后） | $0.30 | $0.25 |
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IPGPROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $274.5M | $201.5M | ||
| Q3 25 | $250.8M | $216.0M | ||
| Q2 25 | $250.7M | $202.8M | ||
| Q1 25 | $227.8M | $190.5M | ||
| Q4 24 | $234.3M | $192.2M | ||
| Q3 24 | $233.1M | $210.3M | ||
| Q2 24 | $257.6M | $214.2M |
净利润IPGPROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $13.3M | $4.6M | ||
| Q3 25 | $7.5M | $8.6M | ||
| Q2 25 | $6.6M | $-73.6M | ||
| Q1 25 | $3.8M | $-1.4M | ||
| Q4 24 | $7.8M | $-500.0K | ||
| Q3 24 | $-233.6M | $10.7M | ||
| Q2 24 | $20.2M | $8.1M |
毛利率IPGPROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | 36.1% | 31.5% | ||
| Q3 25 | 39.5% | 33.5% | ||
| Q2 25 | 37.3% | 31.6% | ||
| Q1 25 | 39.4% | 29.9% | ||
| Q4 24 | 38.6% | 32.1% | ||
| Q3 24 | 23.2% | 35.2% | ||
| Q2 24 | 37.3% | 34.1% |
营业利润率IPGPROG
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.5% | ||
| Q3 25 | 3.1% | 7.3% | ||
| Q2 25 | 0.0% | -33.3% | ||
| Q1 25 | 0.8% | -0.2% | ||
| Q4 24 | 6.0% | -6.6% | ||
| Q3 24 | -108.7% | 6.9% | ||
| Q2 24 | 4.7% | 5.3% |
净利率IPGPROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | 4.8% | 2.3% | ||
| Q3 25 | 3.0% | 4.0% | ||
| Q2 25 | 2.6% | -36.3% | ||
| Q1 25 | 1.6% | -0.7% | ||
| Q4 24 | 3.3% | -0.3% | ||
| Q3 24 | -100.2% | 5.1% | ||
| Q2 24 | 7.8% | 3.8% |
每股收益（稀释后）IPGPROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.30 | $0.20 | ||
| Q3 25 | $0.18 | $0.48 | ||
| Q2 25 | $0.16 | $-4.00 | ||
| Q1 25 | $0.09 | $-0.08 | ||
| Q4 24 | $0.27 | $-0.04 | ||
| Q3 24 | $-5.33 | $0.58 | ||
| Q2 24 | $0.45 | $0.44 |
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 | $195.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $1.2B |
| 总资产 | $2.4B | $1.4B |
| 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IPGPROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $839.3M | $197.0M | ||
| Q3 25 | $870.4M | $167.8M | ||
| Q2 25 | $899.6M | $157.2M | ||
| Q1 25 | $926.9M | $175.6M | ||
| Q4 24 | $930.2M | $159.8M | ||
| Q3 24 | $1.0B | $146.4M | ||
| Q2 24 | $1.1B | $119.9M |
股东权益IPGPROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
总资产IPGPROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.5B | $1.5B |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | $1.1M |
| 自由现金流率自由现金流/营收 | 4.0% | 0.5% |
| 资本支出强度资本支出/营收 | 6.5% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.29× |
| 过去12个月自由现金流最近4个季度 | $-3.5M | $70.1M |
8季度趋势，按日历期对齐
经营现金流IPGPROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $28.8M | $46.9M | ||
| Q3 25 | $35.3M | $28.9M | ||
| Q2 25 | $-2.2M | $13.7M | ||
| Q1 25 | $13.4M | $11.7M | ||
| Q4 24 | $73.8M | $33.7M | ||
| Q3 24 | $66.1M | $42.4M | ||
| Q2 24 | $53.5M | $22.9M |
自由现金流IPGPROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $10.9M | $42.2M | ||
| Q3 25 | $14.6M | $21.2M | ||
| Q2 25 | $-17.6M | $5.6M | ||
| Q1 25 | $-11.4M | $2.1M | ||
| Q4 24 | $50.6M | $18.3M | ||
| Q3 24 | $43.0M | $25.2M | ||
| Q2 24 | $29.2M | $8.8M |
自由现金流率IPGPROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | 4.0% | 20.9% | ||
| Q3 25 | 5.8% | 9.8% | ||
| Q2 25 | -7.0% | 2.8% | ||
| Q1 25 | -5.0% | 1.1% | ||
| Q4 24 | 21.6% | 9.5% | ||
| Q3 24 | 18.4% | 12.0% | ||
| Q2 24 | 11.3% | 4.1% |
资本支出强度IPGPROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | 8.3% | 3.6% | ||
| Q2 25 | 6.1% | 4.0% | ||
| Q1 25 | 10.9% | 5.0% | ||
| Q4 24 | 9.9% | 8.0% | ||
| Q3 24 | 9.9% | 8.2% | ||
| Q2 24 | 9.4% | 6.6% |
现金转化率IPGPROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | 2.17× | 10.20× | ||
| Q3 25 | 4.73× | 3.36× | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | 3.58× | — | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | 2.65× | 2.83× |
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% |
ROG
暂无分部数据
