What is IPG Photonics's net margin?

IPG Photonics (IPGP) reported net margin of 2.8% in Q1 2026.

How has IPG Photonics's net margin changed year-over-year?

IPG Photonics's net margin increased by 112.6% year-over-year, from -22% to 2.8%.

What is the long-term trend for IPG Photonics's net margin?

Over 4 years (2020 to 2025), IPG Photonics's net margin has grown at a -30.5% compound annual growth rate (CAGR), from 13.3% to 3.1%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

IPG Photonics IPGP Net margin

Net margin at other companies

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1.7%+1.0pp

MKS InstrumentsMKSI

8%+1.8pp

Lumentum Holdings Inc.LITE

17.7%+10.9pp

FabrinetFN

9.9%-0.1pp

MACOM Technology SolutionsMTSI

-7.7%-18.3pp

Veeco InstrumentsVECO

3.5%-5.5pp

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

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.

net income/total revenue=2.8%

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 net margin?: IPG Photonics (IPGP) reported net margin of 2.8% in Q1 2026.
How has IPG Photonics's net margin changed year-over-year?: IPG Photonics's net margin increased by 112.6% year-over-year, from -22% to 2.8%.
What is the long-term trend for IPG Photonics's net margin?: Over 4 years (2020 to 2025), IPG Photonics's net margin has grown at a -30.5% compound annual growth rate (CAGR), from 13.3% to 3.1%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.