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IPG Photonics IPGP Return on invested capital

Return on invested capital at other companies

Coherent logo
CoherentCOHR
2.7%+2.1pp
MKS Instruments logo
MKS InstrumentsMKSI
9.1%+1.0pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
3.9%+2.2pp
Fabrinet logo
FabrinetFN
23.7%+1.1pp
MACOM Technology Solutions logo
MACOM Technology SolutionsMTSI
-3%-9.0pp
Veeco Instruments logo
Veeco InstrumentsVECO
2.1%-4.6pp

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
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×
Current ratio5.8×-1.5×

Where this comes from

Calculated from IPG Photonics’s reported figures.

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 return on invested capital?
IPG Photonics (IPGP) reported return on invested capital of 0.2% in Q1 2026.
How has IPG Photonics's return on invested capital changed year-over-year?
IPG Photonics's return on invested capital increased by 101.6% year-over-year, from -13.4% to 0.2%.
What is the long-term trend for IPG Photonics's return on invested capital?
Over 4 years (2020 to 2025), IPG Photonics's return on invested capital has grown at a -44.4% compound annual growth rate (CAGR), from 8.7% to 0.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.