IPG PHOTONICS CORP (IPGP) Stock Fundamental Analysis

NASDAQ:IPGP • US44980X1090

138.85 USD
+7.15 (+5.43%)
At close: Feb 25, 2026
138.15 USD
-0.7 (-0.5%)
After Hours: 2/25/2026, 8:21:39 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to IPGP. IPGP was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While IPGP has a great health rating, its profitability is only average at the moment. IPGP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • IPGP had positive earnings in the past year.
  • IPGP had a positive operating cash flow in the past year.
  • Of the past 5 years IPGP 4 years were profitable.
  • Each year in the past 5 years IPGP had a positive operating cash flow.
IPGP Yearly Net Income VS EBIT VS OCF VS FCFIPGP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.28%, IPGP is in line with its industry, outperforming 54.84% of the companies in the same industry.
  • IPGP has a Return On Equity of 1.46%. This is comparable to the rest of the industry: IPGP outperforms 50.00% of its industry peers.
  • With a Return On Invested Capital value of 0.73%, IPGP perfoms like the industry average, outperforming 48.39% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for IPGP is significantly below the industry average of 8.85%.
Industry RankSector Rank
ROA 1.28%
ROE 1.46%
ROIC 0.73%
ROA(3y)0.49%
ROA(5y)2.85%
ROE(3y)0.52%
ROE(5y)3.26%
ROIC(3y)2.54%
ROIC(5y)4.52%
IPGP Yearly ROA, ROE, ROICIPGP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.10%, IPGP is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
  • IPGP's Profit Margin has declined in the last couple of years.
  • The Operating Margin of IPGP (2.30%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of IPGP has declined.
  • The Gross Margin of IPGP (38.00%) is better than 63.71% of its industry peers.
  • IPGP's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 2.3%
PM (TTM) 3.1%
GM 38%
OM growth 3Y-47.84%
OM growth 5Y-34.66%
PM growth 3Y-26.14%
PM growth 5Y-25.27%
GM growth 3Y-0.73%
GM growth 5Y-3.28%
IPGP Yearly Profit, Operating, Gross MarginsIPGP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. Health

2.1 Basic Checks

  • IPGP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for IPGP has been reduced compared to 1 year ago.
  • The number of shares outstanding for IPGP has been reduced compared to 5 years ago.
  • IPGP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
IPGP Yearly Shares OutstandingIPGP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
IPGP Yearly Total Debt VS Total AssetsIPGP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • IPGP has an Altman-Z score of 14.41. This indicates that IPGP is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 14.41, IPGP belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
  • There is no outstanding debt for IPGP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 14.41
ROIC/WACC0.08
WACC9.17%
IPGP Yearly LT Debt VS Equity VS FCFIPGP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • IPGP has a Current Ratio of 6.08. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of IPGP (6.08) is better than 84.68% of its industry peers.
  • IPGP has a Quick Ratio of 4.74. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 4.74, IPGP belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 6.08
Quick Ratio 4.74
IPGP Yearly Current Assets VS Current LiabilitesIPGP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • IPGP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.61%.
  • Measured over the past years, IPGP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.86% on average per year.
  • IPGP shows a small growth in Revenue. In the last year, the Revenue has grown by 2.73%.
  • IPGP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.52% yearly.
EPS 1Y (TTM)-48.61%
EPS 3Y-47.03%
EPS 5Y-22.86%
EPS Q2Q%72.22%
Revenue 1Y (TTM)2.73%
Revenue growth 3Y-11.12%
Revenue growth 5Y-3.52%
Sales Q2Q%17.13%

3.2 Future

  • Based on estimates for the next years, IPGP will show a very strong growth in Earnings Per Share. The EPS will grow by 67.88% on average per year.
  • The Revenue is expected to grow by 9.25% on average over the next years. This is quite good.
EPS Next Y99.53%
EPS Next 2Y67.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.99%
Revenue Next 2Y9.73%
Revenue Next 3Y12.41%
Revenue Next 5Y9.25%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
IPGP Yearly Revenue VS EstimatesIPGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B
IPGP Yearly EPS VS EstimatesIPGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4 6

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 187.64, the valuation of IPGP can be described as expensive.
  • IPGP's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.05, IPGP is valued quite expensively.
  • With a Price/Forward Earnings ratio of 94.04, IPGP can be considered very expensive at the moment.
  • IPGP's Price/Forward Earnings is on the same level as the industry average.
  • IPGP's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.03.
Industry RankSector Rank
PE 187.64
Fwd PE 94.04
IPGP Price Earnings VS Forward Price EarningsIPGP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IPGP is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 50.87
IPGP Per share dataIPGP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as IPGP's earnings are expected to grow with 67.88% in the coming years.
PEG (NY)1.89
PEG (5Y)N/A
EPS Next 2Y67.88%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for IPGP!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

IPG PHOTONICS CORP

NASDAQ:IPGP (2/25/2026, 8:21:39 PM)

After market: 138.15 -0.7 (-0.5%)

138.85

+7.15 (+5.43%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-12
Earnings (Next)05-04
Inst Owners71.35%
Inst Owner Change2.58%
Ins Owners6.4%
Ins Owner Change-4.7%
Market Cap5.85B
Revenue(TTM)1.00B
Net Income(TTM)31.10M
Analysts77.65
Price Target98.35 (-29.17%)
Short Float %13%
Short Ratio7.18
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.93%
Min EPS beat(2)31.14%
Max EPS beat(2)52.72%
EPS beat(4)3
Avg EPS beat(4)24.08%
Min EPS beat(4)-57.53%
Max EPS beat(4)69.97%
EPS beat(8)5
Avg EPS beat(8)14.97%
EPS beat(12)8
Avg EPS beat(12)11.35%
EPS beat(16)11
Avg EPS beat(16)12.98%
Revenue beat(2)2
Avg Revenue beat(2)5.2%
Min Revenue beat(2)2.53%
Max Revenue beat(2)7.87%
Revenue beat(4)3
Avg Revenue beat(4)3.95%
Min Revenue beat(4)-1.67%
Max Revenue beat(4)7.87%
Revenue beat(8)5
Avg Revenue beat(8)1.48%
Revenue beat(12)7
Avg Revenue beat(12)0.66%
Revenue beat(16)9
Avg Revenue beat(16)0.62%
PT rev (1m)3.12%
PT rev (3m)3.12%
EPS NQ rev (1m)11%
EPS NQ rev (3m)11%
EPS NY rev (1m)0.39%
EPS NY rev (3m)-4.73%
Revenue NQ rev (1m)0.83%
Revenue NQ rev (3m)0.83%
Revenue NY rev (1m)0.94%
Revenue NY rev (3m)2.37%
Valuation
Industry RankSector Rank
PE 187.64
Fwd PE 94.04
P/S 5.83
P/FCF N/A
P/OCF 77.62
P/B 2.75
P/tB 2.91
EV/EBITDA 50.87
EPS(TTM)0.74
EY0.53%
EPS(NY)1.48
Fwd EY1.06%
FCF(TTM)-0.08
FCFYN/A
OCF(TTM)1.79
OCFY1.29%
SpS23.83
BVpS50.53
TBVpS47.64
PEG (NY)1.89
PEG (5Y)N/A
Graham Number29
Profitability
Industry RankSector Rank
ROA 1.28%
ROE 1.46%
ROCE 1.05%
ROIC 0.73%
ROICexc 1.18%
ROICexgc 1.29%
OM 2.3%
PM (TTM) 3.1%
GM 38%
FCFM N/A
ROA(3y)0.49%
ROA(5y)2.85%
ROE(3y)0.52%
ROE(5y)3.26%
ROIC(3y)2.54%
ROIC(5y)4.52%
ROICexc(3y)4.75%
ROICexc(5y)8.95%
ROICexgc(3y)5.04%
ROICexgc(5y)9.53%
ROCE(3y)3.69%
ROCE(5y)6.56%
ROICexgc growth 3Y-53.77%
ROICexgc growth 5Y-36.99%
ROICexc growth 3Y-54.33%
ROICexc growth 5Y-37.15%
OM growth 3Y-47.84%
OM growth 5Y-34.66%
PM growth 3Y-26.14%
PM growth 5Y-25.27%
GM growth 3Y-0.73%
GM growth 5Y-3.28%
F-Score7
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 117.87%
Cap/Sales 7.85%
Interest Coverage 102.03
Cash Conversion 83.8%
Profit Quality N/A
Current Ratio 6.08
Quick Ratio 4.74
Altman-Z 14.41
F-Score7
WACC9.17%
ROIC/WACC0.08
Cap/Depr(3y)145.64%
Cap/Depr(5y)137.25%
Cap/Sales(3y)8.84%
Cap/Sales(5y)8.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48.61%
EPS 3Y-47.03%
EPS 5Y-22.86%
EPS Q2Q%72.22%
EPS Next Y99.53%
EPS Next 2Y67.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.73%
Revenue growth 3Y-11.12%
Revenue growth 5Y-3.52%
Sales Q2Q%17.13%
Revenue Next Year7.99%
Revenue Next 2Y9.73%
Revenue Next 3Y12.41%
Revenue Next 5Y9.25%
EBIT growth 1Y59.28%
EBIT growth 3Y-53.64%
EBIT growth 5Y-36.96%
EBIT Next Year815.18%
EBIT Next 3Y146.24%
EBIT Next 5Y104.27%
FCF growth 1Y-102.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-69.61%
OCF growth 3Y-29.23%
OCF growth 5Y-23.38%

IPG PHOTONICS CORP / IPGP FAQ

Can you provide the ChartMill fundamental rating for IPG PHOTONICS CORP?

ChartMill assigns a fundamental rating of 5 / 10 to IPGP.


What is the valuation status of IPG PHOTONICS CORP (IPGP) stock?

ChartMill assigns a valuation rating of 2 / 10 to IPG PHOTONICS CORP (IPGP). This can be considered as Overvalued.


Can you provide the profitability details for IPG PHOTONICS CORP?

IPG PHOTONICS CORP (IPGP) has a profitability rating of 4 / 10.


What is the valuation of IPG PHOTONICS CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for IPG PHOTONICS CORP (IPGP) is 187.64 and the Price/Book (PB) ratio is 2.75.


How sustainable is the dividend of IPG PHOTONICS CORP (IPGP) stock?

The dividend rating of IPG PHOTONICS CORP (IPGP) is 0 / 10 and the dividend payout ratio is 0%.