What are IPG Photonics's profit margins?

IPG Photonics (IPGP) runs a 37.6% gross margin and a 0.3% operating margin, with a 2.8% net margin.

Where do IPG Photonics's ratios come from?

Every ratio is computed from IPG Photonics's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

IPG Photonics IPGP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	37.6%-0.4pp	38%-0.7pp	38.7%+4.0pp	34.7%0.0pp	34.7%+0.1pp
Operating margin	0.3%-1.0pp	1.3%+0.3pp	1%+27.6pp	-26.6%-1.4pp	-25.1%-2.4pp
Net margin	2.8%-0.3pp	3.1%+1.2pp	1.8%+25.4pp	-23.6%-1.6pp	-22%-2.6pp
Returns
Return on equity	1.4%-0.1pp	1.5%+0.7pp	0.8%+11.1pp	-10.2%-0.7pp	-9.5%-1.0pp
Return on invested capital	0.2%-0.6pp	0.8%+0.2pp	0.6%+15.8pp	-15.2%-1.8pp	-13.4%-0.1pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	5.8×-0.3×	6.1×-0.6×	6.7×-0.1×	6.8×-0.5×	7.3×+0.3×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$49.31-1.2%	$49.90+0.9%	$49.46+0.1%	$49.43+2.8%	$48.11+5.4%
Valuation
Market capitalization	$4.83B+60.3%	$3.02B-9.8%	$3.34B+14.8%	$2.91B+8.4%	$2.69B-14.6%
Price / sales	4.6×+1.6×	3×-0.5×	3.5×+0.4×	3.1×+0.3×	2.8×-0.4×
Price / book	2.3×+0.9×	1.4×-0.2×	1.6×+0.2×	1.4×+0.1×	1.3×-0.2×

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Questions, answered.

What are IPG Photonics's profit margins?: IPG Photonics (IPGP) runs a 37.6% gross margin and a 0.3% operating margin, with a 2.8% net margin.
Where do IPG Photonics's ratios come from?: Every ratio is computed from IPG Photonics's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.