What is IPG Photonics's EV / EBITDA?

IPG Photonics (IPGP) reported EV / EBITDA of 61.6× in Q1 2026.

What is the long-term trend for IPG Photonics's EV / EBITDA?

Over 3 years (2020 to 2025), IPG Photonics's EV / EBITDA has grown at a -4.6% compound annual growth rate (CAGR), from 37.9× to 32.9×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

IPG Photonics IPGP EV / EBITDA

EV / EBITDA at other companies

CoherentCOHR

18.4×-19.5×

MKS InstrumentsMKSI

20.9×+9.9×

Lumentum Holdings Inc.LITE

158.5×—

FabrinetFN

35.8×+18.8×

MACOM Technology SolutionsMTSI

643.5×+592×

Veeco InstrumentsVECO

52.8×+37.4×

Other financials

Income statement

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Revenue$265.5M+16.6%

Gross profit$99.5M+10.8%

Operating income-$7.7M-523%

Net income$1.6M-57.8%

EPS (diluted)$0.04-55.6%

Balance sheet

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Cash & equivalents$480.8M+32.4%

Total debt$16.3M0.0%

Total equity$2.1B+2.7%

Total assets$2.4B+4.5%

Cash flow

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Operating cash flow-$5.5M-141%

CapEx$16.3M-34.3%

Free cash flow-$21.8M-91.5%

Valuation

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Market cap$5.01B+80.0%

Enterprise value$4.54B+86.8%

P/E173.2×—

P/S4.8×+1.9×

Profitability

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Gross margin37.6%+2.9pp

Operating margin0.3%+0.2pp

Net margin2.8%+1.5pp

FCF margin6.8%-10.9pp

Returns & leverage

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Return on equity1.4%+0.7pp

Debt / equity0×0.0×

Current ratio5.8×-1.5×

Where this comes from

Calculated from IPG Photonics’s reported figures.

enterprise value/ebitda=61.6×

Based on the most recent quarter.

The official record: IPG Photonics’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IPG Photonics's EV / EBITDA?: IPG Photonics (IPGP) reported EV / EBITDA of 61.6× in Q1 2026.
What is the long-term trend for IPG Photonics's EV / EBITDA?: Over 3 years (2020 to 2025), IPG Photonics's EV / EBITDA has grown at a -4.6% compound annual growth rate (CAGR), from 37.9× to 32.9×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.