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IPG Photonics IPGP Inventory turnover

Inventory turnover at other companies

CoherentCOHR

2.4×-0.4×

MKS InstrumentsMKSI

2.4×+0.3×

Lumentum Holdings Inc.LITE

2.8×+0.3×

FabrinetFN

5.3×-0.5×

MACOM Technology SolutionsMTSI

2.1×+0.1×

Veeco InstrumentsVECO

1.5×-0.2×

Other financials

Income statement

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

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

Operating cash flow-$5.5M-141%

CapEx$16.3M-34.3%

Free cash flow-$21.8M-91.5%

Valuation

Market cap$5.01B+80.0%

Profitability

Gross margin37.6%+2.9pp

Operating margin0.3%+0.2pp

Net margin2.8%+1.5pp

FCF margin6.8%-10.9pp

Returns & leverage

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.

total cost of revenue/inventories=2.1×

Based on trailing twelve months.

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 inventory turnover?: IPG Photonics (IPGP) reported inventory turnover of 2.1× in Q1 2026.
How has IPG Photonics's inventory turnover changed year-over-year?: IPG Photonics's inventory turnover increased by 23.9% year-over-year, from 1.7× to 2.1×.
What is the long-term trend for IPG Photonics's inventory turnover?: Over 5 years (2020 to 2025), IPG Photonics's inventory turnover has grown at a 3.2% compound annual growth rate (CAGR), from 1.8× to 2.1×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.