IPG Photonics Corporation (IPGP)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -161,888 | -141,747 | 168,587 | 225,187 | 274,875 | 152,678 | 181,946 | 173,804 | 183,351 | 347,916 | 352,315 | 370,718 | 366,481 | 347,556 | 288,591 | 246,232 | 205,692 | 143,056 | 177,893 | 224,178 |
| Revenue (ttm) | US$ in thousands | 977,134 | 1,041,690 | 1,109,948 | 1,192,274 | 1,287,439 | 1,322,085 | 1,369,690 | 1,406,742 | 1,429,547 | 1,460,475 | 1,490,619 | 1,485,254 | 1,460,860 | 1,433,023 | 1,372,314 | 1,297,067 | 1,200,724 | 1,170,721 | 1,181,418 | 1,248,776 |
| Pretax margin | -16.57% | -13.61% | 15.19% | 18.89% | 21.35% | 11.55% | 13.28% | 12.36% | 12.83% | 23.82% | 23.64% | 24.96% | 25.09% | 24.25% | 21.03% | 18.98% | 17.13% | 12.22% | 15.06% | 17.95% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-161,888K ÷ $977,134K
= -16.57%
The pretax margin of IPG Photonics Corporation has displayed fluctuating trends over the analyzed periods. From March 2020 to December 2021, the company exhibited a general upward trajectory in its pretax margin, reaching its peak at 25.09% in December 2021. This indicated an improving efficiency in generating profits before taxes relative to its revenues.
However, starting from March 2022, the pretax margin began to decline, with fluctuations observed throughout 2022 and 2023. Notably, there was a significant drop in the pretax margin in December 2022 to 12.83%, followed by further decreases in the subsequent quarters.
The company's performance in the last two quarters of 2024 showed a substantial deterioration, with negative pretax margins recorded in both September and December 2024. Such negative margins indicate that IPG Photonics Corporation's pre-tax earnings were insufficient to cover its expenses during these periods.
In conclusion, the pretax margin analysis reveals a period of initial growth and subsequent challenges for IPG Photonics Corporation, reflecting varying levels of operational efficiency and profitability over the analyzed timeframe.
Peer comparison
Dec 31, 2024