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IPG PHOTONICS CORP（IPGP）与UNIVERSAL TECHNICAL INSTITUTE INC（UTI）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UNIVERSAL TECHNICAL INSTITUTE INC的1.2倍（$274.5M vs $221.4M），IPG PHOTONICS CORP净利率更高（4.8% vs 0.2%，领先4.6%），IPG PHOTONICS CORP同比增速更快（17.1% vs 6.7%），过去两年UNIVERSAL TECHNICAL INSTITUTE INC的营收复合增速更高（11.7% 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。
环球技术学院（UTI）是美国的营利性私立技术院校集团，1965年由罗伯特·斯威特创立，专注于提供职业技术类教育课程，培养符合产业需求的技能型人才，在美职业教育领域拥有较长的运营历史与行业经验。
IPGP vs UTI — 直观对比
营收规模更大
IPGP
是对方的1.2倍
$221.4M
营收增速更快
IPGP
高出10.4%
6.7%
净利率更高
IPGP
高出4.6%
0.2%
两年增速更快
UTI
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $221.4M |
| 净利润 | $13.3M | $433.0K |
| 毛利率 | 36.1% | — |
| 营业利润率 | 1.2% | 0.2% |
| 净利率 | 4.8% | 0.2% |
| 营收同比 | 17.1% | 6.7% |
| 净利润同比 | 69.8% | -60.5% |
| 每股收益（稀释后） | $0.30 | $0.01 |
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IPGPUTI
| Q1 26 | — | $221.4M | ||
| Q4 25 | $274.5M | $220.8M | ||
| Q3 25 | $250.8M | $222.4M | ||
| Q2 25 | $250.7M | $204.3M | ||
| Q1 25 | $227.8M | $207.4M | ||
| Q4 24 | $234.3M | $201.4M | ||
| Q3 24 | $233.1M | $196.4M | ||
| Q2 24 | $257.6M | $177.5M |
净利润IPGPUTI
| Q1 26 | — | $433.0K | ||
| Q4 25 | $13.3M | $12.8M | ||
| Q3 25 | $7.5M | $18.8M | ||
| Q2 25 | $6.6M | $10.7M | ||
| Q1 25 | $3.8M | $11.4M | ||
| Q4 24 | $7.8M | $22.2M | ||
| Q3 24 | $-233.6M | $18.8M | ||
| Q2 24 | $20.2M | $5.0M |
毛利率IPGPUTI
| 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IPGPUTI
| Q1 26 | — | 0.2% | ||
| Q4 25 | 1.2% | 7.1% | ||
| Q3 25 | 3.1% | 11.2% | ||
| Q2 25 | 0.0% | 6.9% | ||
| Q1 25 | 0.8% | 8.1% | ||
| Q4 24 | 6.0% | 13.6% | ||
| Q3 24 | -108.7% | 13.3% | ||
| Q2 24 | 4.7% | 4.2% |
净利率IPGPUTI
| Q1 26 | — | 0.2% | ||
| Q4 25 | 4.8% | 5.8% | ||
| Q3 25 | 3.0% | 8.4% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | 1.6% | 5.5% | ||
| Q4 24 | 3.3% | 11.0% | ||
| Q3 24 | -100.2% | 9.6% | ||
| Q2 24 | 7.8% | 2.8% |
每股收益（稀释后）IPGPUTI
| Q1 26 | — | $0.01 | ||
| Q4 25 | $0.30 | $0.23 | ||
| Q3 25 | $0.18 | $0.33 | ||
| Q2 25 | $0.16 | $0.19 | ||
| Q1 25 | $0.09 | $0.21 | ||
| Q4 24 | $0.27 | $0.40 | ||
| Q3 24 | $-5.33 | $0.35 | ||
| Q2 24 | $0.45 | $0.09 |
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 | $162.0M |
| 总债务越低越好 | — | $127.8M |
| 股东权益账面价值 | $2.1B | $339.9M |
| 总资产 | $2.4B | $852.2M |
| 负债/权益比越低杠杆越低 | — | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资IPGPUTI
| Q1 26 | — | $162.0M | ||
| Q4 25 | $839.3M | $162.8M | ||
| Q3 25 | $870.4M | $169.1M | ||
| Q2 25 | $899.6M | $70.7M | ||
| Q1 25 | $926.9M | $96.0M | ||
| Q4 24 | $930.2M | $172.0M | ||
| Q3 24 | $1.0B | $161.9M | ||
| Q2 24 | $1.1B | $115.5M |
总债务IPGPUTI
| Q1 26 | — | $127.8M | ||
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M |
股东权益IPGPUTI
| Q1 26 | — | $339.9M | ||
| Q4 25 | $2.1B | $335.9M | ||
| Q3 25 | $2.1B | $328.1M | ||
| Q2 25 | $2.1B | $306.8M | ||
| Q1 25 | $2.1B | $293.9M | ||
| Q4 24 | $2.0B | $280.0M | ||
| Q3 24 | $2.1B | $260.2M | ||
| Q2 24 | $2.3B | $239.4M |
总资产IPGPUTI
| Q1 26 | — | $852.2M | ||
| Q4 25 | $2.4B | $834.0M | ||
| Q3 25 | $2.4B | $826.1M | ||
| Q2 25 | $2.4B | $740.8M | ||
| Q1 25 | $2.3B | $720.4M | ||
| Q4 24 | $2.3B | $753.8M | ||
| Q3 24 | $2.4B | $744.6M | ||
| Q2 24 | $2.5B | $706.0M |
负债/权益比IPGPUTI
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× |
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 | $7.1M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 2.17× | 16.33× |
| 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IPGPUTI
| Q1 26 | — | $7.1M | ||
| Q4 25 | $28.8M | $3.1M | ||
| Q3 25 | $35.3M | $57.1M | ||
| Q2 25 | $-2.2M | $18.1M | ||
| Q1 25 | $13.4M | $-789.0K | ||
| Q4 24 | $73.8M | $23.0M | ||
| Q3 24 | $66.1M | $67.5M | ||
| Q2 24 | $53.5M | $10.0M |
自由现金流IPGPUTI
| Q1 26 | — | — | ||
| Q4 25 | $10.9M | $-19.2M | ||
| Q3 25 | $14.6M | $40.6M | ||
| Q2 25 | $-17.6M | $6.8M | ||
| Q1 25 | $-11.4M | $-11.7M | ||
| Q4 24 | $50.6M | $19.6M | ||
| Q3 24 | $43.0M | $60.0M | ||
| Q2 24 | $29.2M | $3.0M |
自由现金流率IPGPUTI
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | -8.7% | ||
| Q3 25 | 5.8% | 18.3% | ||
| Q2 25 | -7.0% | 3.4% | ||
| Q1 25 | -5.0% | -5.7% | ||
| Q4 24 | 21.6% | 9.7% | ||
| Q3 24 | 18.4% | 30.6% | ||
| Q2 24 | 11.3% | 1.7% |
资本支出强度IPGPUTI
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 10.1% | ||
| Q3 25 | 8.3% | 7.4% | ||
| Q2 25 | 6.1% | 5.5% | ||
| Q1 25 | 10.9% | 5.3% | ||
| Q4 24 | 9.9% | 1.7% | ||
| Q3 24 | 9.9% | 3.8% | ||
| Q2 24 | 9.4% | 4.0% |
现金转化率IPGPUTI
| Q1 26 | — | 16.33× | ||
| Q4 25 | 2.17× | 0.24× | ||
| Q3 25 | 4.73× | 3.04× | ||
| Q2 25 | -0.34× | 1.69× | ||
| Q1 25 | 3.58× | -0.07× | ||
| Q4 24 | 9.44× | 1.04× | ||
| Q3 24 | — | 3.58× | ||
| Q2 24 | 2.65× | 2.01× |
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% |
UTI
暂无分部数据
