Last 48 quarters of trend data · Technology · Optical & Photonic Components
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 69.31 | 41.64 | 244.42 | 716.19 | 57.74 | 109.99 | 107.27 | 179.99 | 101.00 | — | 46.88 | 43.60 | 30.49 | 21.88 | 25.92 | 24.47 | — | 14.35 | 21.39 | 20.95 | 35.57 |
| — | -62.1% | +127.9% | +297.9% | -42.8% | — | +128.8% | +312.8% | +231.3% | — | +80.9% | +78.2% | — | +52.5% | +21.2% | +16.8% | — | -49.3% | -47.6% | -50.0% | -41.5% | |
| P/S Ratio | 2.51 | 2.92 | 4.52 | 4.63 | 2.78 | 3.36 | 2.91 | 2.97 | 3.32 | 3.49 | 3.69 | 4.15 | 4.24 | 3.99 | 4.74 | 4.24 | 3.46 | 3.13 | 3.23 | 3.94 | 6.33 |
| — | -13.2% | +55.0% | +56.0% | -16.3% | -3.8% | -20.9% | -28.6% | -21.6% | -12.5% | -22.2% | -2.1% | +22.5% | +27.7% | +46.6% | +7.7% | -45.4% | -44.4% | -57.8% | -52.4% | -29.3% | |
| P/B Ratio | 1.31 | 1.56 | 2.37 | 2.32 | 1.43 | 1.60 | 1.39 | 1.31 | 1.54 | 1.54 | 1.69 | 1.79 | 2.10 | 2.02 | 2.69 | 2.52 | 1.93 | 1.69 | 1.85 | 2.15 | 3.36 |
| — | -2.8% | +70.4% | +77.1% | -6.7% | +3.9% | -17.6% | -26.6% | -26.7% | -23.7% | -37.3% | -29.0% | +8.4% | +19.4% | +45.5% | +17.1% | -42.5% | -45.7% | -56.1% | -50.3% | -27.7% | |
| P/FCF | 79.17 | 29.12 | 73.70 | — | 69.88 | 57.81 | — | — | 15.37 | 18.95 | 32.48 | 39.44 | 15.66 | 20.10 | 39.37 | 379.98 | 71.91 | 21.30 | 27.69 | — | 41.74 |
| — | -49.6% | — | — | +354.8% | +205.0% | — | — | -1.9% | -5.7% | -17.5% | -89.6% | -78.2% | -5.7% | +42.1% | — | +72.3% | -37.6% | -13.6% | — | -17.6% | |
| EV / EBITDA | 27.01 | 18.09 | 58.00 | 136.49 | 28.51 | 32.37 | 40.50 | 34.33 | 21.80 | — | 28.31 | 26.26 | 24.98 | 14.72 | 16.45 | 14.49 | — | 7.58 | 10.86 | 11.20 | 19.68 |
| — | -44.1% | +43.2% | +297.6% | +30.8% | — | +43.0% | +30.7% | -12.7% | — | +72.1% | +81.3% | — | +94.1% | +51.5% | +29.3% | — | -50.8% | -52.6% | -52.3% | -37.8% | |
| EV / EBIT | 182.04 | 23.39 | 92.73 | 1092.45 | 63.12 | 48.57 | 201.48 | 139.08 | 45.29 | — | 52.97 | 66.26 | 38.99 | 19.55 | 19.81 | 18.53 | — | 12.24 | 11.59 | 14.96 | 27.62 |
| — | -51.8% | -54.0% | +685.5% | +39.4% | — | +280.4% | +109.9% | +16.2% | — | +167.4% | +257.6% | — | +59.7% | +70.9% | +23.9% | — | -38.0% | -58.7% | -49.6% | -30.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0% | 40.7% | 40.4% | 37.5% | 36.1% | 39.5% | 37.3% | 39.4% | 38.6% | 23.2% | 37.3% | 38.7% | 38.2% | 44.1% | 43.4% | 42.3% | 18.2% | 43.1% | 45.7% | 46.4% | 45.5% |
| — | +3.1% | +8.2% | -4.9% | -6.4% | +70.2% | -0.0% | +1.9% | +0.9% | -47.4% | -14.1% | -8.6% | +109.5% | +2.3% | -5.0% | -8.9% | -60.0% | -12.1% | -5.9% | -2.1% | +4.4% | |
| Operating Margin | 1.3% | 7.2% | 1.6% | -2.9% | 1.2% | 3.1% | 0.0% | 0.8% | 6.0% | -108.7% | 4.7% | 7.6% | 9.6% | 18.5% | 21.2% | 21.7% | -26.5% | 26.7% | 19.0% | 25.2% | 23.3% |
| — | +130.7% | +3815.7% | -463.3% | -79.7% | +102.9% | -99.1% | -89.4% | -38.2% | -687.9% | -78.0% | -65.1% | +136.3% | -30.8% | +11.5% | -13.7% | -214.0% | -0.8% | -23.4% | -2.1% | +20.1% | |
| Net Margin | 3.1% | 7.1% | 1.9% | 0.6% | 4.8% | 3.0% | 2.6% | 1.6% | 3.3% | -100.2% | 7.8% | 9.6% | 13.9% | 18.2% | 18.3% | 17.3% | -27.9% | 21.9% | 15.1% | 18.8% | 17.9% |
| — | +137.0% | -28.6% | -63.8% | +45.0% | +103.0% | -66.3% | -82.7% | -75.9% | -649.1% | -57.3% | -44.8% | +149.8% | -16.5% | +21.3% | -7.9% | -256.0% | +9.9% | -19.5% | -4.6% | +21.8% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.5% | 0.9% | 0.2% | 0.1% | 0.6% | 0.4% | 0.3% | 0.2% | 0.4% | -10.7% | 0.9% | 1.0% | 1.7% | 2.3% | 2.6% | 2.5% | -3.7% | 2.9% | 2.1% | 2.6% | 2.4% |
| — | +167.0% | -22.1% | -59.5% | +66.0% | +103.3% | -63.8% | -81.8% | -78.1% | -565.1% | -66.7% | -60.2% | +146.1% | -21.3% | +23.5% | -0.2% | -257.7% | +5.5% | -18.4% | -2.0% | +21.8% | |
| ROA | 1.3% | 0.8% | 0.2% | 0.1% | 0.6% | 0.3% | 0.3% | 0.2% | 0.3% | -9.6% | 0.8% | 0.9% | 1.5% | 2.0% | 2.3% | 2.2% | -3.3% | 2.5% | 1.9% | 2.2% | 2.1% |
| — | +164.1% | -23.1% | -59.9% | +64.1% | +103.3% | -64.5% | -82.1% | -78.2% | -570.2% | -65.9% | -59.0% | +147.4% | -19.3% | +25.3% | +0.1% | -258.0% | +4.8% | -19.4% | -3.6% | +19.7% | |
| ROIC | 0.6% | 1.0% | 0.2% | -0.3% | 0.1% | 0.3% | 0.0% | 0.1% | 0.8% | -13.6% | 0.5% | 0.8% | 1.1% | 2.2% | 2.9% | 3.2% | -3.8% | 3.8% | 2.7% | 3.3% | 3.1% |
| — | +192.0% | +4344.4% | -491.3% | -81.9% | +102.5% | -99.1% | -88.5% | -31.1% | -704.3% | -81.9% | -76.0% | +129.7% | -41.4% | +9.1% | -5.0% | -223.1% | -0.2% | -26.8% | -11.4% | +11.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 |
| — | -8.8% | -4.6% | -2.6% | -8.6% | +6.0% | +3.6% | -1.9% | +17.3% | +5.4% | +2.2% | -48.5% | -52.6% | -11.9% | -48.3% | +8.8% | -24.6% | -43.1% | -4.2% | -10.8% | +25.5% | |
| Debt / EBITDA | 0.22 | 0.44 | 0.81 | 2.00 | 0.74 | 0.74 | 1.06 | 0.95 | 0.62 | — | 0.64 | 0.54 | 0.40 | 0.24 | 0.20 | 0.39 | — | 0.19 | 0.41 | 0.33 | 0.53 |
| — | -40.3% | -23.4% | +110.4% | +18.2% | — | +66.1% | +77.6% | +56.3% | — | +214.4% | +36.3% | — | +29.2% | -50.0% | +17.4% | — | -41.7% | +14.1% | -11.6% | +8.0% | |
| Current Ratio | 6.08 | 5.99 | 6.18 | 5.80 | 6.08 | 6.72 | 6.79 | 7.33 | 6.98 | 8.09 | 9.02 | 9.52 | 8.91 | 8.74 | 8.43 | 7.68 | 7.23 | 7.16 | 6.87 | 8.16 | 7.49 |
| — | -10.9% | -9.1% | -20.9% | -12.9% | -16.9% | -24.7% | -23.1% | -21.7% | -7.5% | +7.0% | +24.0% | +23.2% | +22.0% | +22.7% | -5.9% | -3.4% | -9.8% | -23.2% | -20.4% | -25.2% | |
| Quick Ratio | 4.74 | 4.68 | 4.80 | 4.51 | 4.74 | 5.20 | 5.39 | 5.87 | 5.59 | 6.44 | 6.91 | 7.27 | 6.80 | 6.56 | 6.28 | 5.65 | 5.38 | 5.29 | 5.11 | 6.42 | 6.02 |
| — | -10.1% | -11.1% | -23.2% | -15.2% | -19.1% | -22.0% | -19.4% | -17.8% | -1.9% | +10.1% | +28.8% | +26.4% | +24.0% | +22.9% | -12.1% | -10.7% | -18.1% | -30.7% | -24.8% | -27.6% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1247.61 | 119.65 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying IPGP stock.
IPG Photonics Corporation's current P/E is 69.3x. The average P/E over the last 4 quarters is 265.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
IPG Photonics Corporation's current operating margin is 1.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking IPG Photonics Corporation's business trajectory between earnings reports.