IPG PHOTONICS CORP

Semiconductors & Related Devices·MARLBOROUGH, MA·FY end 12/31·CIK 1111928

CEO Pay Ratio

162:1

Mark Gitin

CEO Total Comp

$9.1M

Mark Gitin

Median Employee

$56,164

Revenue

$1.0B

FY 2025

Net Income

$31.1M

FY 2025

Free Cash Flow

-$3.5M

FY 2025

Net Margin

3.1%

Insider Net (180d)

-$17.9M

0 buys / 40 sales

CEO Pay Accountability

CEO comp as % of net income

29.17%

For every $1,000 of profit, $291.73 flows to the CEO.

CEO comp as % of buybacks

17.07%

CEO comp equals 170.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$1.0B	$977.1M	$1.3B	$1.4B	$1.5B
Gross Profit	$381.5M	$338.2M	$541.7M	$555.4M	$696.4M
Operating Income	$13.1M	-$208.3M	$232.0M	$169.5M	$367.9M
Net Income	$31.1M	-$181.5M	$218.9M	$109.9M	$278.4M
Operating CF	$75.3M	$247.9M	$296.0M	$212.6M	$389.7M
Capex	$78.8M	$98.5M	$110.5M	$110.1M	$123.1M
Free Cash Flow	-$3.5M	$149.4M	$185.5M	$102.5M	$266.6M
Buybacks	$53.1M	$343.8M	$223.5M	$499.5M	$134.9M
Dividends	—	—	—	—	—	—

Gross Margin	38.0%	34.6%	42.1%	38.9%	47.7%
Operating Margin	1.3%	-21.3%	18.0%	11.9%	25.2%
Net Margin	3.1%	-18.6%	17.0%	7.7%	19.1%
FCF Margin	-0.3%	15.3%	14.4%	7.2%	18.2%
R&D / Revenue	11.7%	11.2%	7.7%	8.1%	9.6%
Effective Tax	31.0%	-12.1%	20.4%	39.6%	24.2%
Debt / Equity	—	—	—	0.01	0.02
Buybacks / FCF	-1538.3%	230.2%	120.5%	487.3%	50.6%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Mark GitinChief Executive Officer	$879.4K	$7.0M	—	$1.2M	$32.5K	$9.1M
Timothy MammenChief Financial Officer and Senior Vice President	$559.4K	$2.0M	—	$472.7K	$11.6K	$3.0M
Trevor NessSenior Vice President, Chief Revenue Officer	$520.3K	$1.7M	—	$440.1K	$10.3K	$2.6M
Angelo LoprestiSenior Vice President, General Counsel and Secretary	$504.2K	$1.6M	—	$425.0K	$10.5K	$2.6M
Paulus BucherSenior Vice President, Global Operations	$226.6K	$629.9K	—	$325.3K	—	$1.2M