IPG Photonics vs Kimball Electronics
Kimball Electronics reported revenue of $1.4 billion in fiscal 2026, 1.4 times IPG Photonics' $1.0 billion in fiscal 2025. IPG Photonics' revenue grew 2.7% in its latest year, and Kimball Electronics' fell 3.7%. IPG Photonics had an operating margin of 1.3%, against 4.6% at Kimball Electronics. Free cash flow was −$3 million at IPG Photonics and $21 million at Kimball Electronics. Their fiscal years end in different months (December 31 and June 30), so the periods don't line up exactly.
Side by side
| IPG Photonics | Kimball Electronics | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $1.0B | $1.4B |
| Revenue growth | 2.7% | −3.7% |
| Revenue growth a year, last 5 years | −3.5% | 2.1% |
| Gross margin | 38.0% | 8.2% |
| Operating margin | 1.3% | 4.6% |
| Net margin | 3.1% | 1.9% |
| Free cash flow | −$3M | $21M |
| Free cash flow margin | −0.3% | 1.4% |
| Return on capital | 0.8% | 5.6% |
| Net debt to EBITDA | −10.5x | 0.3x |
| Dividends and buybacks | $53M | $12M |
| Change in diluted share count | −3.8% | −1.0% |
| Last close | $65.31 | $19.26 |
| P/E at the last close | 69.5× | 22.9× |
| Insider trades, last 12 months | bought $199,400, sold $72.4 million | — |
| Piotroski F-score | 7 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
IPG PhotonicsKimball Electronics
Operating margin
Percent of revenue
IPG PhotonicsKimball Electronics
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IPG PhotonicsKimball Electronics
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the IPG Photonics and Kimball Electronics pages.