Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
IPG Photonics Corporation's quarterly P/E stands at 716.2x, up 297.9% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 161.66 | 716.19 | 57.74 | 109.99 | 107.27 | 179.99 | 101.00 | — | 46.88 | 43.60 | 30.49 | 21.88 | 25.92 |
| — | +297.9% | -42.8% | — | +128.8% | +312.8% | +231.3% | — | +80.9% | +78.2% | — | +52.5% | +21.2% | |
| P/S Ratio | 4.99 | 4.63 | 2.78 | 3.36 | 2.91 | 2.97 | 3.32 | 3.49 | 3.69 | 4.15 | 4.24 | 3.99 | 4.74 |
| — | +56.0% | -16.3% | -3.8% | -20.9% | -28.6% | -21.6% | -12.5% | -22.2% | -2.1% | +22.5% | +27.7% | +46.6% | |
| P/B Ratio | 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 |
| — | +77.1% | -6.7% | +3.9% | -17.6% | -26.6% | -26.7% | -23.7% | -37.3% | -29.0% | +8.4% | +19.4% | +45.5% | |
| P/FCF | — | — | 69.88 | 57.81 | — | — | 15.37 | 18.95 | 32.48 | 39.44 | 15.66 | 20.10 | 39.37 |
| — | — | +354.8% | +205.0% | — | — | -1.9% | -5.7% | -17.5% | -89.6% | -78.2% | -5.7% | +42.1% | |
| EV / EBITDA | 57.59 | — | 28.32 | 32.37 | 40.50 | 34.33 | 21.80 | — | 28.31 | 26.26 | 24.98 | 14.72 | 16.45 |
| — | — | +29.9% | — | +43.0% | +30.7% | -12.7% | — | +72.1% | +81.3% | — | +94.1% | +51.5% | |
| EV / EBIT | 351.42 | — | 62.71 | 48.57 | 201.48 | 139.08 | 45.29 | — | 52.97 | 66.26 | 38.99 | 19.55 | 19.81 |
| — | — | +38.5% | — | +280.4% | +109.9% | +16.2% | — | +167.4% | +257.6% | — | +59.7% | +70.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
IPG Photonics Corporation's operating margin was -2.9% in Q1 2026, down 4.1 pp QoQ and down 3.7 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 0.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 4.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.0% | 37.5% | 36.1% | 39.5% | 37.3% | 39.4% | 38.6% | 23.2% | 37.3% | 38.7% | 38.2% | 44.1% | 43.4% |
| — | -4.9% | -6.4% | +70.2% | -0.0% | +1.9% | +0.9% | -47.4% | -14.1% | -8.6% | +109.5% | +2.3% | -5.0% | |
| Operating Margin | 1.3% | -2.9% | 1.2% | 3.1% | 0.0% | 0.8% | 6.0% | -108.7% | 4.7% | 7.6% | 9.6% | 18.5% | 21.2% |
| — | -463.3% | -79.7% | +102.9% | -99.1% | -89.4% | -38.2% | -687.9% | -78.0% | -65.1% | +136.3% | -30.8% | +11.5% | |
| Net Margin | 3.1% | 0.6% | 4.8% | 3.0% | 2.6% | 1.6% | 3.3% | -100.2% | 7.8% | 9.6% | 13.9% | 18.2% | 18.3% |
| — | -63.8% | +45.0% | +103.0% | -66.3% | -82.7% | -75.9% | -649.1% | -57.3% | -44.8% | +149.8% | -16.5% | +21.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.5% | 0.1% | 0.6% | 0.4% | 0.3% | 0.2% | 0.4% | -10.7% | 0.9% | 1.0% | 1.7% | 2.3% | 2.6% |
| — | -59.5% | +66.0% | +103.3% | -63.8% | -81.8% | -78.1% | -565.1% | -66.7% | -60.2% | +146.1% | -21.3% | +23.5% | |
| ROA | 1.3% | 0.1% | 0.6% | 0.3% | 0.3% | 0.2% | 0.3% | -9.6% | 0.8% | 0.9% | 1.5% | 2.0% | 2.3% |
| — | -59.9% | +64.1% | +103.3% | -64.5% | -82.1% | -78.2% | -570.2% | -65.9% | -59.0% | +147.4% | -19.3% | +25.3% | |
| ROIC | 0.6% | -0.3% | 0.1% | 0.3% | 0.0% | 0.1% | 0.8% | -13.6% | 0.5% | 0.8% | 1.1% | 2.2% | 2.9% |
| — | -493.4% | -81.9% | +102.5% | -99.1% | -88.5% | -31.1% | -704.3% | -81.9% | -76.0% | +129.7% | -41.4% | +9.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 20.9% YoY to 5.80x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 0.01 | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| — | -2.6% | — | +6.0% | +3.6% | -1.9% | +17.3% | +5.4% | +2.2% | -48.5% | -52.6% | -11.9% | -48.3% | |
| Debt / EBITDA | — | — | — | 0.74 | 1.06 | 0.95 | 0.62 | — | 0.64 | 0.54 | 0.40 | 0.24 | 0.20 |
| — | — | — | — | +66.1% | +77.6% | +56.3% | — | +214.4% | +36.3% | — | +29.2% | -50.0% | |
| Current Ratio | 6.08 | 5.80 | 6.08 | 6.72 | 6.79 | 7.33 | 6.98 | 8.09 | 9.02 | 9.52 | 8.91 | 8.74 | 8.43 |
| — | -20.9% | -12.9% | -16.9% | -24.7% | -23.1% | -21.7% | -7.5% | +7.0% | +24.0% | +23.2% | +22.0% | +22.7% | |
| Quick Ratio | 4.74 | 4.51 | 4.74 | 5.20 | 5.39 | 5.87 | 5.59 | 6.44 | 6.91 | 7.27 | 6.80 | 6.56 | 6.28 |
| — | -23.2% | -15.2% | -19.1% | -22.0% | -19.4% | -17.8% | -1.9% | +10.1% | +28.8% | +26.4% | +24.0% | +22.9% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
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 161.7x. The average P/E over the last 4 quarters is 247.8x. 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 compressing 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.