Fastest-Growing Companies

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

8 of 100
IPG Photonics
IPG Photonics
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 you’ve used a Gillette razor or ridden in a Volkswagen, then you’ve used a product crafted with the help of IPG’s 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
What businesses do you think are primed to grow in this economy?
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
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.