What is IPG Photonics's price / earnings?

IPG Photonics (IPGP) reported price / earnings of 167.2× in Q1 2026.

What is the long-term trend for IPG Photonics's price / earnings?

Over 3 years (2020 to 2025), IPG Photonics's price / earnings has grown at a 9.1% compound annual growth rate (CAGR), from 74.8× to 97×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

IPG Photonics IPGP Price / earnings

Price / earnings at other companies

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104.2×—

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47.3×+23.6×

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114.1×—

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44.4×+22.6×

MACOM Technology SolutionsMTSI

105.5×+50.5×

Veeco InstrumentsVECO

88.4×+70.2×

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/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.

market cap/net income=167.2×

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 price / earnings?: IPG Photonics (IPGP) reported price / earnings of 167.2× in Q1 2026.
What is the long-term trend for IPG Photonics's price / earnings?: Over 3 years (2020 to 2025), IPG Photonics's price / earnings has grown at a 9.1% compound annual growth rate (CAGR), from 74.8× to 97×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.