What is IPG Photonics's EV / sales?

IPG Photonics (IPGP) reported EV / sales of 4.2× in Q1 2026.

How has IPG Photonics's EV / sales changed year-over-year?

IPG Photonics's EV / sales increased by 70.9% year-over-year, from 2.5× to 4.2×.

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

Over 5 years (2020 to 2025), IPG Photonics's EV / sales has grown at a -22.3% compound annual growth rate (CAGR), from 9.3× to 2.6×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

IPG Photonics IPGP EV / sales

EV / sales at other companies

CoherentCOHR

6.9×+4.7×

MKS InstrumentsMKSI

4.6×+2.1×

Lumentum Holdings Inc.LITE

22.6×+18.1×

FabrinetFN

4.3×+2.2×

MACOM Technology SolutionsMTSI

19.9×+10.1×

Veeco InstrumentsVECO

3.2×+1.4×

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%

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/total revenue=4.2×

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 / sales?: IPG Photonics (IPGP) reported EV / sales of 4.2× in Q1 2026.
How has IPG Photonics's EV / sales changed year-over-year?: IPG Photonics's EV / sales increased by 70.9% year-over-year, from 2.5× to 4.2×.
What is the long-term trend for IPG Photonics's EV / sales?: Over 5 years (2020 to 2025), IPG Photonics's EV / sales has grown at a -22.3% compound annual growth rate (CAGR), from 9.3× to 2.6×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.