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%+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%—	-25.1%—
Net margin	2.8%+24.8pp	3.1%+22.5pp	1.8%+16.0pp	-23.6%—	-22%—
EBITDA margin	6.8%+25.6pp	8%+24.4pp	7.4%+19.9pp	-20.1%—	-18.8%—
Returns
Return on equity	1.4%+10.9pp	1.5%+10.0pp	0.8%+7.4pp	-10.2%—	-9.5%—
Return on assets	1.2%+9.8pp	1.3%+8.9pp	0.8%+6.6pp	-9.2%—	-8.5%—
Return on invested capital	0.2%+13.6pp	0.8%+14.1pp	0.6%+13.0pp	-15.2%—	-13.4%—
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×
Interest coverage	0.1×+6.3×	0.4×+5.3×	0.3×+4.1×	-7.4×—	-6.2×—
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 / 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 / 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%—	-7.8%—

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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.