vs
IPG PHOTONICS CORP（IPGP）与E.W. SCRIPPS Co（SSP）财务数据对比。点击上方公司名可切换其他公司
E.W. SCRIPPS Co的季度营收约是IPG PHOTONICS CORP的1.9倍（$516.9M vs $274.5M），IPG PHOTONICS CORP净利率更高（4.8% vs -0.3%，领先5.2%），IPG PHOTONICS CORP同比增速更快（17.1% vs -1.4%），过去两年IPG PHOTONICS CORP的营收复合增速更高（4.4% vs -5.1%）
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。
E.W.斯克里普斯公司简称斯克里普斯，是美国的广播传媒企业，1878年由爱德华·威利斯·斯克里普斯与姐姐艾伦·勃朗宁·斯克里普斯创立，最初为日报连锁企业，前身是一家传媒集团，如今总部位于俄亥俄州辛辛那提市的斯克里普斯中心，企业格言为“给人光明，大众自寻前路”，品牌标识为沿用已久的灯塔。
IPGP vs SSP — 直观对比
营收规模更大
SSP
是对方的1.9倍
$274.5M
营收增速更快
IPGP
高出18.6%
-1.4%
净利率更高
IPGP
高出5.2%
-0.3%
两年增速更快
IPGP
近两年复合增速
-5.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $516.9M |
| 净利润 | $13.3M | $-1.8M |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 4.8% |
| 净利率 | 4.8% | -0.3% |
| 营收同比 | 17.1% | -1.4% |
| 净利润同比 | 69.8% | — |
| 每股收益（稀释后） | $0.30 | — |
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IPGPSSP
| Q1 26 | — | $516.9M | ||
| Q4 25 | $274.5M | $560.3M | ||
| Q3 25 | $250.8M | $525.9M | ||
| Q2 25 | $250.7M | $540.1M | ||
| Q1 25 | $227.8M | $524.4M | ||
| Q4 24 | $234.3M | $728.4M | ||
| Q3 24 | $233.1M | $646.3M | ||
| Q2 24 | $257.6M | $573.6M |
净利润IPGPSSP
| Q1 26 | — | $-1.8M | ||
| Q4 25 | $13.3M | $-28.5M | ||
| Q3 25 | $7.5M | $-33.0M | ||
| Q2 25 | $6.6M | $-36.0M | ||
| Q1 25 | $3.8M | $-3.5M | ||
| Q4 24 | $7.8M | $95.4M | ||
| Q3 24 | $-233.6M | $47.8M | ||
| Q2 24 | $20.2M | $1.4M |
毛利率IPGPSSP
| Q1 26 | — | — | ||
| 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% | — |
营业利润率IPGPSSP
| Q1 26 | — | 4.8% | ||
| Q4 25 | 1.2% | 7.5% | ||
| Q3 25 | 3.1% | 7.2% | ||
| Q2 25 | 0.0% | 14.2% | ||
| Q1 25 | 0.8% | 5.2% | ||
| Q4 24 | 6.0% | 26.3% | ||
| Q3 24 | -108.7% | 18.8% | ||
| Q2 24 | 4.7% | 9.7% |
净利率IPGPSSP
| Q1 26 | — | -0.3% | ||
| Q4 25 | 4.8% | -5.1% | ||
| Q3 25 | 3.0% | -6.3% | ||
| Q2 25 | 2.6% | -6.7% | ||
| Q1 25 | 1.6% | -0.7% | ||
| Q4 24 | 3.3% | 13.1% | ||
| Q3 24 | -100.2% | 7.4% | ||
| Q2 24 | 7.8% | 0.2% |
每股收益（稀释后）IPGPSSP
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-0.51 | ||
| Q3 25 | $0.18 | $-0.55 | ||
| Q2 25 | $0.16 | $-0.59 | ||
| Q1 25 | $0.09 | $-0.22 | ||
| Q4 24 | $0.27 | $0.94 | ||
| Q3 24 | $-5.33 | $0.37 | ||
| Q2 24 | $0.45 | $-0.15 |
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 | $83.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $2.1B | $1.2B |
| 总资产 | $2.4B | $4.9B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资IPGPSSP
| Q1 26 | — | $83.7M | ||
| Q4 25 | $839.3M | $27.9M | ||
| Q3 25 | $870.4M | $54.7M | ||
| Q2 25 | $899.6M | $31.7M | ||
| Q1 25 | $926.9M | $24.0M | ||
| Q4 24 | $930.2M | $23.9M | ||
| Q3 24 | $1.0B | $34.6M | ||
| Q2 24 | $1.1B | $26.7M |
总债务IPGPSSP
| Q1 26 | — | $0 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IPGPSSP
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B |
总资产IPGPSSP
| Q1 26 | — | $4.9B | ||
| Q4 25 | $2.4B | $5.0B | ||
| Q3 25 | $2.4B | $5.1B | ||
| Q2 25 | $2.4B | $5.1B | ||
| Q1 25 | $2.3B | $5.1B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.4B | $5.3B | ||
| Q2 24 | $2.5B | $5.3B |
负债/权益比IPGPSSP
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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% | 0.4% |
| 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IPGPSSP
| Q1 26 | — | — | ||
| Q4 25 | $28.8M | $45.1M | ||
| Q3 25 | $35.3M | $21.8M | ||
| Q2 25 | $-2.2M | $-10.5M | ||
| Q1 25 | $13.4M | $-3.3M | ||
| Q4 24 | $73.8M | $153.3M | ||
| Q3 24 | $66.1M | $140.6M | ||
| Q2 24 | $53.5M | $26.4M |
自由现金流IPGPSSP
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | $31.2M | ||
| Q3 25 | $14.6M | $6.4M | ||
| Q2 25 | $-17.6M | $-22.7M | ||
| Q1 25 | $-11.4M | $-8.4M | ||
| Q4 24 | $50.6M | $146.9M | ||
| Q3 24 | $43.0M | $127.4M | ||
| Q2 24 | $29.2M | $2.8M |
自由现金流率IPGPSSP
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.6% | ||
| Q3 25 | 5.8% | 1.2% | ||
| Q2 25 | -7.0% | -4.2% | ||
| Q1 25 | -5.0% | -1.6% | ||
| Q4 24 | 21.6% | 20.2% | ||
| Q3 24 | 18.4% | 19.7% | ||
| Q2 24 | 11.3% | 0.5% |
资本支出强度IPGPSSP
| Q1 26 | — | 0.4% | ||
| Q4 25 | 6.5% | 2.5% | ||
| Q3 25 | 8.3% | 2.9% | ||
| Q2 25 | 6.1% | 2.3% | ||
| Q1 25 | 10.9% | 1.0% | ||
| Q4 24 | 9.9% | 0.9% | ||
| Q3 24 | 9.9% | 2.0% | ||
| Q2 24 | 9.4% | 4.1% |
现金转化率IPGPSSP
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | — | ||
| Q3 25 | 4.73× | — | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | 3.58× | — | ||
| Q4 24 | 9.44× | 1.61× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | 2.65× | 18.45× |
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% |
SSP
| Local Media | $341.6M | 66% |
| Scripps Networks | $176.0M | 34% |
