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Friday 6 November 2026 Export IPGP’s income statement to Excel — free account

IPG Photonics Corporation

IPGP Technology Semiconductor Equipment & Materials

IPG Photonics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 2.73% from fiscal 2024.

Revenue
+14.6%
EPS
+164.8%
Free cash flow
+105.2%

Quarter to September 2026, against a year earlier

64.78 2.75 +4.43%
Market cap
$2.6B
P/E
65.0×
Fwd P/E
65.8×
Dividend yield
—
F-score
8/9
Altman Z
8.69
Beneish M
−2.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

IPG Photonics Corporation (IPGP) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, IPG Photonics Corporation (IPGP) trades at a P/S ratio of 2.4×. Over the past ten years it has ranged from 2.2× (April 2025) to 11.5× (January 2021); the current reading is higher than 0% of that period. That is below the Semiconductor Equipment & Materials industry median of 4.2× and below the Technology sector median of 2.6×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 3.0× (8.46%)
FY2024 3.3× (15.47%)
FY2023 3.9× 13.93%
FY2022 3.4× (45.56%)
FY2021 6.3× (36.51%)
FY2020 9.9× 69.46%
FY2019 5.8× 40.84%
FY2018 4.2× (50.80%)
FY2017 8.4× 62.04%
FY2016 5.2× (0.02%)

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.0× (35.40%)
Jun 2026 4.7× 0.25%
Mar 2026 4.6× 53.88%
Dec 2025 3.0× (12.90%)
43 more quarters

Against its own ten years

Low 2.2× High 11.5×
Ten-year median 5.0×
Current reading's percentile 0

P/S ratio against peers

Company P/S ratio
UCTT Ultra Clean Holdings, Inc. compare 0.7×
IPGP IPG Photonics Corporation 2.4×
ACMR ACM Research, Inc. compare 2.6×
VECO Veeco Instruments Inc. compare 2.9×
COHU Cohu, Inc. compare 2.9×
ACLS Axcelis Technologies, Inc. compare 3.1×
KLIC Kulicke and Soffa Industries, Inc. compare 3.3×
AMBA Ambarella, Inc. compare 5.8×
AXTI AXT Inc compare 14.1×
Semiconductor Equipment & Materials industry median 4.2×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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