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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	37.6%+2.9pp	38%+3.4pp	38.7%+3.9pp	34.7%-5.1pp	34.7%-6.6pp
Operating margin	0.3%+25.5pp	1.3%+24.0pp	1%+19.6pp	-26.6%-37.0pp	-25.1%-39.9pp
Net margin	2.8%+24.8pp	3.1%+22.5pp	1.8%+16.0pp	-23.6%-36.3pp	-22%-37.3pp
EBITDA margin	6.8%+25.6pp	8%+24.4pp	7.4%+19.9pp	-20.1%-36.5pp	-18.8%-39.2pp
Returns
Return on equity	1.4%+10.9pp	1.5%+10.0pp	0.8%+7.4pp	-10.2%-16.3pp	-9.5%-17.3pp
Return on assets	1.2%+9.8pp	1.3%+8.9pp	0.8%+6.6pp	-9.2%-14.6pp	-8.5%-15.5pp
Return on invested capital	0.2%+13.6pp	0.8%+14.1pp	0.6%+13.0pp	-15.2%-20.9pp	-13.4%-21.0pp
Efficiency
Asset turnover	0.4×+0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×-0.1×
Inventory turnover	2.1×+0.4×	2.1×+0.4×	1.8×+0.1×	1.8×+0.3×	1.7×+0.2×
Liquidity
Current ratio	5.8×-1.5×	6.1×-0.9×	6.7×-1.4×	6.8×-2.2×	7.3×-2.2×
Quick ratio	4.5×-1.4×	4.7×-0.8×	5.2×-1.2×	5.4×-1.5×	5.9×-1.4×
Cash ratio	1.9×+0.1×	1.7×-1.3×	1.6×-2.9×	1.7×-2.1×	1.8×-0.7×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-6.5×—	-4.8×—	-4.6×—	——	——
Interest coverage	0.1×+6.3×	0.4×+5.3×	0.3×+4.1×	-7.4×-9.6×	-6.2×-9.8×
Per Share
Book value per share	$49.31+2.5%	$49.90+9.3%	$49.46+2.5%	$49.43-1.3%	$48.11-5.1%
Valuation
Market capitalization	$4.83B+80.0%	$3.02B-4.1%	$3.34B+0.2%	$2.91B-24.9%	$2.69B-35.5%
Enterprise value	$4.37B+86.8%	$2.63B+3.4%	$3.01B+22.0%	$2.57B-19.1%	$2.34B-36.6%
Price / earnings	167.2×—	97×—	187.6×—	——	——
Price / sales	4.6×+1.8×	3×-0.2×	3.5×+0.3×	3.1×-0.4×	2.8×-0.7×
Price / book	2.3×+1.0×	1.4×-0.1×	1.6×0.0×	1.4×-0.3×	1.3×-0.5×
EV / EBITDA	61.6×—	32.9×—	42.2×—	——	——
EV / sales	4.2×+1.7×	2.6×0.0×	3.1×+0.8×	2.7×-0.1×	2.5×-0.6×
Earnings yield	0.6%+8.4pp	1%+7.1pp	0.5%+5.0pp	-7.7%-11.3pp	-7.8%-12.2pp

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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.