Fastest-Growing Companies

America's fastest growing companies ranked by stock growth and state.

8 of 100
IPG Photonics
IPG Photonics
8
Financials: Latest Results
Rank: 8
3-year average
Revenue Growth: 46%
Profit Growth: 153%
Total Return: 59%

For more than 20 years, IPG Photonics has developed optical fiber-based lasers for materials processing and applications in the medical and telecommunications fields. If youâÄôve used a Gillette razor or ridden in a Volkswagen, then youâÄôve used a product crafted with the help of IPGâÄôs fiber lasers.

The industry continues to gain ground on manufacturers of their conventional counterparts, particularly for cutting and welding applications. Fiber lasers offer increased versatility, decreased energy consumption, and lower running and maintenance costs than conventional lasers.

IPG is the only vertically integrated manufacturer of fiber lasers, which the company says offers significant output and quality advantages over its competitors. Revenue from materials processing grew 26% in the second quarter and accounted for 94% of sales. High-power laser sales were up 38%, driven by automotive and other manufacturing applications, and medium-power lasers, used primarily for consumer electronics, saw 41% growth. --S.G.

Revenues ($ millions): 581
Net Income ($ millions): 150.2
Sector: Technology
To qualify, a company-domestic or foreign-must be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market... More