IPG Photonics Corporation (IPGP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IPGP SEC filings page.
IPG Photonics Corporation (IPGP) reported $1.1B in revenue over the twelve months to Jun 30, 2026, up 13.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
IPG's partial earnings recovery restored modest profitability, but cash conversion weakened as reinvestment absorbed nearly all operating cash.
Positive net income in FY2025 coincided with operating cash flow of$75M , down from$248M in FY2024, showing that accounting recovery did not carry through to cash. With capital expenditures of$79M , free cash flow was-$3M , so reinvestment consumed essentially all internally generated cash.
Gross margin recovered from
A current ratio of 6.1x and debt-to-equity of 0.1x indicate a balance sheet funded mostly by equity rather than borrowing, with substantial short-term coverage. Still, FY2025 operating cash flow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of IPG Photonics Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
IPG Photonics Corporation has an operating margin of 1.3%, meaning the company retains $1 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is up from -21.3% the prior year.
IPG Photonics Corporation's revenue grew a modest 2.7% year-over-year to $1.0B. This slow but positive growth earns a score of 8/100.
IPG Photonics Corporation carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.08, IPG Photonics Corporation holds $6.08 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.
While IPG Photonics Corporation generated $75.3M in operating cash flow, capex of $78.8M consumed most of it, leaving -$3.5M in free cash flow. This results in a low score of 56/100, reflecting heavy capital investment rather than weak cash generation.
IPG Photonics Corporation generates a 1.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is up from -9.0% the prior year.
IPG Photonics Corporation scores 9.29, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.3B) relative to total liabilities ($296.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
IPG Photonics Corporation passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, IPG Photonics Corporation generates $2.42 in operating cash flow ($75.3M OCF vs $31.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
IPG Photonics Corporation generated $278.6M in revenue in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.
IPG Photonics Corporation's EBITDA was $20.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.9% from the same quarter a year earlier. Against the prior quarter it is up 145.9%.
IPG Photonics Corporation reported $5.2M in net income in Q2 2026. This represents a decrease of 20.6% from the same quarter a year earlier. Against the prior quarter it is up 230.9%.
IPG Photonics Corporation earned $0.12 per diluted share (EPS) in Q2 2026. This represents a decrease of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 200.0%.
Cash & Balance Sheet
IPG Photonics Corporation generated $17.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 197.2% from the same quarter a year earlier. Against the prior quarter it is up 178.4%.
IPG Photonics Corporation held $399.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
IPG Photonics Corporation's gross margin was 40.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
IPG Photonics Corporation's operating margin was 1.6% in Q2 2026, reflecting core business profitability. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.
IPG Photonics Corporation's net profit margin was 1.9% in Q2 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
IPG Photonics Corporation's ROE was 0.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Capital Allocation
IPG Photonics Corporation invested $31.0M in research and development in Q2 2026. This represents an increase of 3.6% from the same quarter a year earlier. Against the prior quarter it is down 6.9%.
IPG Photonics Corporation repurchased no shares in Q2 2026.
IPG Photonics Corporation invested $20.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 34.9% from the same quarter a year earlier. Against the prior quarter it is up 27.0%.
IPGP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $278.6M+11.1% | $265.5M+16.6% | $274.5M+17.1% | $250.8M+7.6% | $250.7M-2.7% | $227.8M-9.6% | $234.3M-21.6% | $233.1M-22.6% |
| Cost of Revenue | $166.1M+5.7% | $166.0M+20.3% | $175.4M+21.8% | $151.8M-15.2% | $157.1M-2.7% | $138.0M-10.7% | $144.0M-22.1% | $179.1M+6.3% |
| Gross Profit | $112.5M+20.3% | $99.5M+10.8% | $99.1M+9.7% | $99.0M+83.0% | $93.6M-2.7% | $89.8M-7.9% | $90.3M-20.9% | $54.1M-59.3% |
| R&D Expenses | $31.0M+3.6% | $33.3M+17.6% | $28.8M+11.8% | $30.4M+11.7% | $29.9M+8.9% | $28.3M-3.6% | $25.7M-7.1% | $27.2M+10.0% |
| SG&A Expenses | $36.5M+4.8% | $36.1M+10.0% | $40.4M+39.7% | $35.1M+7.4% | $34.9M+10.4% | $32.8M+5.3% | $28.9M-17.5% | $32.7M+5.5% |
| Operating Income | $4.5M+4256.7% | -$7.7M-523.4% | $3.3M-76.2% | $7.9M+103.1% | $104K-99.1% | $1.8M-90.4% | $14.0M-51.5% | -$253.3M-554.8% |
| EBITDA | $20.1M+25.9% | $8.2M-52.5% | $23.4M-18.8% | $23.5M+109.9% | $15.9M-41.7% | $17.2M-51.4% | $28.8M-37.1% | -$238.2M-426.2% |
| Income Tax | $7.3M+338.1% | -$565K-108.2% | -$2.7M-119.1% | $8.2M+191.8% | $1.7M-65.7% | $6.9M-27.8% | $14.2M+1858.2% | -$8.9M-169.5% |
| Net Income | $5.2M-20.6% | $1.6M-57.8% | $13.3M+69.8% | $7.5M+103.2% | $6.6M-67.2% | $3.8M-84.4% | $7.8M-81.1% | -$233.6M-524.8% |
| EPS (Basic) | $0.12-25.0% | $0.04-55.6% | $0.31+138.5% | $0.18+103.4% | $0.16-64.4% | $0.09-82.7% | $0.13-85.4% | -$5.33-559.5% |
| EPS (Diluted) | $0.12-25.0% | $0.04-55.6% | $0.31+138.5% | $0.18+103.4% | $0.16-64.4% | $0.09-82.7% | $0.13-85.6% | -$5.33-559.5% |
| Diluted Shares (Avg) | 43M+0.8% | 43M+0.2% | N/A | 43M-2.9% | 43M-5.4% | 43M-7.2% | N/A | 44M-7.5% |
Not reported in any period shown, so not listed: Interest Expense.
IPGP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.4B+1.9% | $2.4B+4.5% | $2.4B+5.9% | $2.4B+1.1% | $2.4B-4.6% | $2.3B-10.8% | $2.3B-15.2% | $2.4B-11.9% |
| Current Assets | $1.5B+0.3% | $1.4B-0.7% | $1.4B-0.5% | $1.4B-8.7% | $1.5B-14.2% | $1.4B-21.1% | $1.4B-25.3% | $1.6B-18.2% |
| Cash & Equivalents | $399.2M+11.1% | $480.8M+32.4% | $403.8M-34.9% | $346.0M-60.9% | $359.2M-50.2% | $363.0M-26.9% | $620.0M+20.5% | $883.9M+67.3% |
| Short-Term Investments | $472.1M-12.6% | $332.1M-41.1% | $435.5M+40.4% | $524.4M+287.1% | $540.4M+57.4% | $563.8M-12.4% | $310.2M-53.2% | $135.4M-77.6% |
| Inventory | $330.8M+8.9% | $319.0M+10.9% | $313.4M+10.1% | $323.9M+1.0% | $303.8M-24.2% | $287.6M-33.4% | $284.8M-37.3% | $320.7M-33.2% |
| Accounts Receivable | $182.0M-9.5% | $192.4M+8.8% | $181.7M+6.2% | $166.4M+1.7% | $201.0M+14.1% | $176.9M-3.9% | $171.1M-21.9% | $163.5M-28.8% |
| Long-Term Investments | $32.7M | $70.6M | $76.5M | $30.2M | $0 | $0 | $0 | $0 |
| Goodwill | $70.5M-1.8% | $70.9M+3.3% | $71.7M+6.7% | $71.7M+86.2% | $71.8M+87.5% | $68.6M+78.9% | $67.2M+74.5% | $38.5M+0.6% |
| Total Liabilities | $297.4M+8.2% | $305.8M+19.1% | $296.1M+11.8% | $276.2M+14.8% | $274.9M+13.6% | $256.9M-0.3% | $264.8M-6.6% | $240.5M-16.8% |
| Current Liabilities | $239.3M+10.3% | $247.2M+25.4% | $234.0M+14.2% | $213.4M+9.9% | $217.0M+13.9% | $197.0M+2.6% | $205.0M-4.6% | $194.2M-11.6% |
| Non-Current Liabilities | $58.1M+0.2% | $58.7M-2.0% | $62.1M+3.9% | $62.8M+35.5% | $57.9M+12.3% | $59.9M-8.7% | $59.8M-12.9% | $46.3M-33.0% |
| Total Equity | $2.1B+1.1% | $2.1B+2.7% | $2.1B+5.1% | $2.1B-0.5% | $2.1B-6.6% | $2.1B-12.0% | $2.0B-16.2% | $2.1B-11.3% |
| Retained Earnings | $2.7B+1.1% | $2.6B+1.1% | $2.6B+1.2% | $2.6B+1.0% | $2.6B-7.6% | $2.6B-7.2% | $2.6B-6.5% | $2.6B-5.4% |
Not reported in any period shown, so not listed: Long-Term Debt.
IPGP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $37.8M+1805.4% | -$5.5M-140.6% | $28.8M-61.0% | $35.3M-46.6% | -$2.2M-104.1% | $13.4M-75.4% | $73.8M-30.4% | $66.1M-23.2% |
| Depreciation & Amortization | $15.5M-1.9% | $15.9M+3.6% | $20.1M+35.3% | $15.6M+3.4% | $15.8M+3.5% | $15.3M-5.4% | $14.8M-12.5% | $15.1M-12.8% |
| Stock-Based Compensation | N/A | $10.2M-4.7% | N/A | N/A | N/A | $10.8M+10.4% | N/A | N/A |
| Capital Expenditures | $20.7M+34.9% | $16.3M-34.3% | $17.9M-22.8% | $20.7M-10.2% | $15.4M-36.6% | $24.8M-11.5% | $23.2M-8.2% | $23.1M-11.6% |
| Free Cash Flow | $17.1M+197.2% | -$21.8M-91.5% | $10.9M-78.4% | $14.6M-66.1% | -$17.6M-160.1% | -$11.4M-142.8% | $50.6M-37.4% | $43.0M-28.2% |
| Investing Cash Flow | -$118.6M-1021.4% | $95.2M+134.7% | $27.7M+110.5% | -$31.4M-119.3% | $12.9M-95.5% | -$274.4M-1256.0% | -$262.5M-252.1% | $162.6M+324.5% |
| Financing Cash Flow | $957K+103.3% | -$11.7M-106.6% | -$3.3M+94.1% | -$16.5M+77.9% | -$28.8M+75.9% | -$5.7M+93.8% | -$55.0M+8.9% | -$74.4M-61.0% |
| Share Buybacks | $0 | $0 | N/A | N/A | N/A | N/A | $57.3M-10.4% | $74.5M+60.1% |
Not reported in any period shown, so not listed: Dividends Paid.
IPGP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.4%+3.1pp | 37.5%-1.9pp | 36.1%-2.5pp | 39.5%+16.3pp | 37.3%0.0pp | 39.4%+0.7pp | 38.6%+0.4pp | 23.2%-20.9pp |
| Operating Margin | 1.6%+1.6pp | -2.9%-3.7pp | 1.2%-4.7pp | 3.1% | 0.0%-4.6pp | 0.8%-6.8pp | 5.9%-3.7pp | -108.7% |
| Net Margin | 1.9%-0.8pp | 0.6%-1.1pp | 4.8%+1.5pp | 3.0% | 2.6%-5.2pp | 1.7%-7.9pp | 3.3%-10.5pp | -100.2% |
| Return on Equity | 0.3%-0.1pp | 0.1%-0.1pp | 0.6%+0.2pp | 0.4%+11.4pp | 0.3%-0.6pp | 0.2%-0.9pp | 0.4%-1.3pp | -11.1%-13.4pp |
| Return on Assets | 0.2%-0.1pp | 0.1%-0.1pp | 0.5%+0.2pp | 0.3%+10.2pp | 0.3%-0.5pp | 0.2%-0.8pp | 0.3%-1.2pp | -9.9%-12.0pp |
| Current Ratio | 6.18-0.6x | 5.80-1.5x | 6.08-0.9x | 6.72-1.4x | 6.79-2.2x | 7.33-2.2x | 6.98-1.9x | 8.09-0.7x |
| Debt-to-Equity | 0.140.0x | 0.140.0x | 0.140.0x | 0.130.0x | 0.130.0x | 0.120.0x | 0.130.0x | 0.110.0x |
| Asset Turnover | 0.110.0x | 0.110.0x | 0.110.0x | 0.110.0x | 0.110.0x | 0.100.0x | 0.100.0x | 0.100.0x |
| FCF Margin | 6.1%+13.1pp | -8.2%-3.2pp | 4.0%-17.6pp | 5.8%-12.6pp | -7.0%-18.4pp | -5.0%-15.5pp | 21.6%-5.4pp | 18.4%-1.4pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| IPG Photonics Corporation IPGP | FY2025 | $1.0B | $31.1M | 3.1% | $3.3B | 51/100 |
| Camtek Ltd CAMT | FY2025 | $496.1M | $50.7M | 10.2% | $7.0B | 82/100 |
| Ambarella, Inc. AMBA | FY2026 | $390.7M | -$75.9M | -19.4% | $2.8B | 61/100 |
| Axcelis Technologies Inc ACLS | FY2025 | $839.0M | $120.2M | 14.3% | $4.1B | 67/100 |
| FormFactor Inc. FORM | FY2025 | $785.0M | $54.4M | 6.9% | $10.7B | 67/100 |
| Amkor Technology Inc AMKR | FY2025 | $6.7B | $373.9M | 5.6% | $12.7B | 59/100 |
Where IPG Photonics Corporation Ranks
Frequently Asked Questions
What is IPG Photonics Corporation's annual revenue?
IPG Photonics Corporation (IPGP) reported $1.0B in total revenue for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is IPG Photonics Corporation's revenue growing?
IPG Photonics Corporation (IPGP) revenue grew by 2.7% year-over-year, from $977.1M to $1.0B in fiscal year 2025.
Is IPG Photonics Corporation profitable?
Yes, IPG Photonics Corporation (IPGP) reported a net income of $31.1M in fiscal year 2025, with a net profit margin of 3.1%.
What is IPG Photonics Corporation's EBITDA?
IPG Photonics Corporation (IPGP) had EBITDA of $80.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is IPG Photonics Corporation's gross margin?
IPG Photonics Corporation (IPGP) had a gross margin of 38.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is IPG Photonics Corporation's operating margin?
IPG Photonics Corporation (IPGP) had an operating margin of 1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is IPG Photonics Corporation's net profit margin?
IPG Photonics Corporation (IPGP) had a net profit margin of 3.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is IPG Photonics Corporation's return on equity (ROE)?
IPG Photonics Corporation (IPGP) has a return on equity of 1.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is IPG Photonics Corporation's free cash flow?
IPG Photonics Corporation (IPGP) recorded an outflow of $3.5M in free cash flow during fiscal year 2025. This represents a -102.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is IPG Photonics Corporation's operating cash flow?
IPG Photonics Corporation (IPGP) generated $75.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are IPG Photonics Corporation's total assets?
IPG Photonics Corporation (IPGP) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are IPG Photonics Corporation's capital expenditures?
IPG Photonics Corporation (IPGP) invested $78.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does IPG Photonics Corporation spend on research and development?
IPG Photonics Corporation (IPGP) invested $117.4M in research and development during fiscal year 2025.
What is IPG Photonics Corporation's current ratio?
IPG Photonics Corporation (IPGP) had a current ratio of 6.08 as of fiscal year 2025, which is generally considered healthy.
What is IPG Photonics Corporation's debt-to-equity ratio?
IPG Photonics Corporation (IPGP) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is IPG Photonics Corporation's return on assets (ROA)?
IPG Photonics Corporation (IPGP) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is IPG Photonics Corporation's P/E ratio?
IPG Photonics Corporation (IPGP) trades at 121x earnings, its market capitalization divided by net income of $27.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.3B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is IPG Photonics Corporation's price-to-sales ratio?
IPG Photonics Corporation (IPGP) trades at 3.1x sales, its market capitalization divided by revenue of $1.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.3B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is IPG Photonics Corporation's Altman Z-Score?
IPG Photonics Corporation (IPGP) has an Altman Z-Score of 9.29, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is IPG Photonics Corporation's Piotroski F-Score?
IPG Photonics Corporation (IPGP) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are IPG Photonics Corporation's earnings high quality?
IPG Photonics Corporation (IPGP) has an earnings quality ratio of 2.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is IPG Photonics Corporation?
IPG Photonics Corporation (IPGP) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.