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IPG PHOTONICS CORP（IPGP）与Root, Inc.（ROOT）财务数据对比。点击上方公司名可切换其他公司
Root, Inc.的季度营收约是IPG PHOTONICS CORP的1.4倍（$397.0M vs $274.5M），Root, Inc.同比增速更快（21.5% vs 17.1%），过去两年Root, Inc.的营收复合增速更高（24.8% 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。
Root Inc.旗下的Root保险公司是一家专注于汽车保险的线上保险公司，业务主要运营于美国地区，依托数字化技术为美国车主提供便捷的线上汽车保险服务。
IPGP vs ROOT — 直观对比
营收规模更大
ROOT
是对方的1.4倍
$274.5M
营收增速更快
ROOT
高出4.4%
17.1%
两年增速更快
ROOT
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $397.0M |
| 净利润 | $13.3M | — |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 2.6% |
| 净利率 | 4.8% | — |
| 营收同比 | 17.1% | 21.5% |
| 净利润同比 | 69.8% | — |
| 每股收益（稀释后） | $0.30 | $0.35 |
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IPGPROOT
| Q4 25 | $274.5M | $397.0M | ||
| Q3 25 | $250.8M | $387.8M | ||
| Q2 25 | $250.7M | $382.9M | ||
| Q1 25 | $227.8M | $349.4M | ||
| Q4 24 | $234.3M | $326.7M | ||
| Q3 24 | $233.1M | $305.7M | ||
| Q2 24 | $257.6M | $289.2M | ||
| Q1 24 | $252.0M | $254.9M |
净利润IPGPROOT
| Q4 25 | $13.3M | — | ||
| Q3 25 | $7.5M | $-5.4M | ||
| Q2 25 | $6.6M | $22.0M | ||
| Q1 25 | $3.8M | $18.4M | ||
| Q4 24 | $7.8M | — | ||
| Q3 24 | $-233.6M | $22.8M | ||
| Q2 24 | $20.2M | $-7.8M | ||
| Q1 24 | $24.1M | $-6.2M |
毛利率IPGPROOT
| 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IPGPROOT
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 3.1% | 0.1% | ||
| Q2 25 | 0.0% | 7.1% | ||
| Q1 25 | 0.8% | 6.8% | ||
| Q4 24 | 6.0% | 10.7% | ||
| Q3 24 | -108.7% | 11.3% | ||
| Q2 24 | 4.7% | 1.3% | ||
| Q1 24 | 7.6% | 2.1% |
净利率IPGPROOT
| Q4 25 | 4.8% | — | ||
| Q3 25 | 3.0% | -1.4% | ||
| Q2 25 | 2.6% | 5.7% | ||
| Q1 25 | 1.6% | 5.3% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | -100.2% | 7.5% | ||
| Q2 24 | 7.8% | -2.7% | ||
| Q1 24 | 9.6% | -2.4% |
每股收益（稀释后）IPGPROOT
| Q4 25 | $0.30 | $0.35 | ||
| Q3 25 | $0.18 | $-0.35 | ||
| Q2 25 | $0.16 | $1.29 | ||
| Q1 25 | $0.09 | $1.07 | ||
| Q4 24 | $0.27 | $1.42 | ||
| Q3 24 | $-5.33 | $1.35 | ||
| Q2 24 | $0.45 | $-0.52 | ||
| Q1 24 | $0.52 | $-0.42 |
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 | $669.3M |
| 总债务越低越好 | — | $200.3M |
| 股东权益账面价值 | $2.1B | $284.3M |
| 总资产 | $2.4B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 0.70× |
8季度趋势，按日历期对齐
现金及短期投资IPGPROOT
| Q4 25 | $839.3M | $669.3M | ||
| Q3 25 | $870.4M | $653.3M | ||
| Q2 25 | $899.6M | $641.4M | ||
| Q1 25 | $926.9M | $609.4M | ||
| Q4 24 | $930.2M | $599.3M | ||
| Q3 24 | $1.0B | $674.8M | ||
| Q2 24 | $1.1B | $667.2M | ||
| Q1 24 | $1.1B | $640.5M |
总债务IPGPROOT
| Q4 25 | — | $200.3M | ||
| Q3 25 | — | $200.4M | ||
| Q2 25 | — | $200.1M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | — | $200.1M | ||
| Q3 24 | — | $300.9M | ||
| Q2 24 | — | $300.1M | ||
| Q1 24 | — | $299.3M |
股东权益IPGPROOT
| Q4 25 | $2.1B | $284.3M | ||
| Q3 25 | $2.1B | $265.0M | ||
| Q2 25 | $2.1B | $244.5M | ||
| Q1 25 | $2.1B | $228.7M | ||
| Q4 24 | $2.0B | $203.7M | ||
| Q3 24 | $2.1B | $181.9M | ||
| Q2 24 | $2.3B | $151.3M | ||
| Q1 24 | $2.3B | $165.7M |
总资产IPGPROOT
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.5B | $1.5B | ||
| Q1 24 | $2.6B | $1.4B |
负债/权益比IPGPROOT
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | — | 1.81× |
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 | $206.5M |
| 自由现金流经营现金流 - 资本支出 | $10.9M | — |
| 自由现金流率自由现金流/营收 | 4.0% | — |
| 资本支出强度资本支出/营收 | 6.5% | 0.0% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流IPGPROOT
| Q4 25 | $28.8M | $206.5M | ||
| Q3 25 | $35.3M | $57.6M | ||
| Q2 25 | $-2.2M | $52.0M | ||
| Q1 25 | $13.4M | $26.8M | ||
| Q4 24 | $73.8M | $195.7M | ||
| Q3 24 | $66.1M | $49.4M | ||
| Q2 24 | $53.5M | $62.6M | ||
| Q1 24 | $54.6M | $14.5M |
自由现金流IPGPROOT
| Q4 25 | $10.9M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $-17.6M | — | ||
| Q1 25 | $-11.4M | — | ||
| Q4 24 | $50.6M | $195.3M | ||
| Q3 24 | $43.0M | — | ||
| Q2 24 | $29.2M | $62.4M | ||
| Q1 24 | $26.5M | $14.3M |
自由现金流率IPGPROOT
| Q4 25 | 4.0% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | 21.6% | 59.8% | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 11.3% | 21.6% | ||
| Q1 24 | 10.5% | 5.6% |
资本支出强度IPGPROOT
| Q4 25 | 6.5% | 0.0% | ||
| Q3 25 | 8.3% | 0.0% | ||
| Q2 25 | 6.1% | 0.0% | ||
| Q1 25 | 10.9% | 0.0% | ||
| Q4 24 | 9.9% | 0.1% | ||
| Q3 24 | 9.9% | 0.0% | ||
| Q2 24 | 9.4% | 0.1% | ||
| Q1 24 | 11.1% | 0.1% |
现金转化率IPGPROOT
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | — | ||
| Q2 25 | -0.34× | 2.36× | ||
| Q1 25 | 3.58× | 1.46× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | 2.65× | — | ||
| 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% |
ROOT
暂无分部数据
