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IPG Photonics (IPGP) Competitors

IPG Photonics logo
$77.18 -1.02 (-1.30%)
Closing price 09/23/2026 04:00 PM Eastern
Extended Trading
$75.52 -1.66 (-2.15%)
As of 08:17 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

IPGP vs. AEIS, CGNX, MKSI, RAL, and NOVT

Should you buy IPG Photonics stock or one of its competitors? IPG Photonics's main competitors and comparable companies include Advanced Energy Industries (AEIS), Cognex (CGNX), MKS (MKSI), Ralliant (RAL), and Novanta (NOVT). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "technology" sector.

How does IPG Photonics compare to Advanced Energy Industries?

Advanced Energy Industries (NASDAQ:AEIS) and IPG Photonics (NASDAQ:IPGP) are both technology companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, valuation, institutional ownership, media sentiment, risk, profitability, dividends and analyst recommendations.

99.7% of Advanced Energy Industries shares are owned by institutional investors. Comparatively, 93.8% of IPG Photonics shares are owned by institutional investors. 1.3% of Advanced Energy Industries shares are owned by insiders. Comparatively, 37.5% of IPG Photonics shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Advanced Energy Industries has a net margin of 10.77% compared to IPG Photonics' net margin of 2.58%. Advanced Energy Industries' return on equity of 20.75% beat IPG Photonics' return on equity.

Company Net Margins Return on Equity Return on Assets
Advanced Energy Industries10.77% 20.75% 10.39%
IPG Photonics 2.58%3.39%2.98%

Advanced Energy Industries has higher revenue and earnings than IPG Photonics. Advanced Energy Industries is trading at a lower price-to-earnings ratio than IPG Photonics, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Advanced Energy Industries$2.04B5.49$148.40M$5.3652.13
IPG Photonics$1.00B3.27$31.10M$0.65118.74

Advanced Energy Industries currently has a consensus target price of $409.50, suggesting a potential upside of 46.55%. IPG Photonics has a consensus target price of $142.60, suggesting a potential upside of 84.76%. Given IPG Photonics' higher possible upside, analysts clearly believe IPG Photonics is more favorable than Advanced Energy Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Advanced Energy Industries
0 Sell rating(s)
2 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.93
IPG Photonics
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.50

Advanced Energy Industries has a beta of 1.31, indicating that its share price is 31% more volatile than the broader market. Comparatively, IPG Photonics has a beta of 0.98, indicating that its share price is 2% less volatile than the broader market.

In the previous week, Advanced Energy Industries had 1 more articles in the media than IPG Photonics. MarketBeat recorded 3 mentions for Advanced Energy Industries and 2 mentions for IPG Photonics. Advanced Energy Industries' average media sentiment score of 1.45 beat IPG Photonics' score of 0.40 indicating that Advanced Energy Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Advanced Energy Industries
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
IPG Photonics
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Advanced Energy Industries beats IPG Photonics on 14 of the 17 factors compared between the two stocks.

How does IPG Photonics compare to Cognex?

Cognex (NASDAQ:CGNX) and IPG Photonics (NASDAQ:IPGP) are both mid-cap technology companies, but which is the better stock? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability, media sentiment and analyst recommendations.

In the previous week, Cognex had 21 more articles in the media than IPG Photonics. MarketBeat recorded 23 mentions for Cognex and 2 mentions for IPG Photonics. Cognex's average media sentiment score of 0.52 beat IPG Photonics' score of 0.40 indicating that Cognex is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cognex
4 Very Positive mention(s)
9 Positive mention(s)
7 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
IPG Photonics
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Cognex has a beta of 1.49, indicating that its share price is 49% more volatile than the broader market. Comparatively, IPG Photonics has a beta of 0.98, indicating that its share price is 2% less volatile than the broader market.

Cognex presently has a consensus price target of $75.50, suggesting a potential upside of 29.75%. IPG Photonics has a consensus price target of $142.60, suggesting a potential upside of 84.76%. Given IPG Photonics' higher possible upside, analysts plainly believe IPG Photonics is more favorable than Cognex.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cognex
0 Sell rating(s)
6 Hold rating(s)
10 Buy rating(s)
2 Strong Buy rating(s)
2.78
IPG Photonics
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.50

Cognex has a net margin of 16.05% compared to IPG Photonics' net margin of 2.58%. Cognex's return on equity of 13.50% beat IPG Photonics' return on equity.

Company Net Margins Return on Equity Return on Assets
Cognex16.05% 13.50% 10.02%
IPG Photonics 2.58%3.39%2.98%

88.1% of Cognex shares are owned by institutional investors. Comparatively, 93.8% of IPG Photonics shares are owned by institutional investors. 1.7% of Cognex shares are owned by company insiders. Comparatively, 37.5% of IPG Photonics shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Cognex has higher earnings, but lower revenue than IPG Photonics. Cognex is trading at a lower price-to-earnings ratio than IPG Photonics, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cognex$994.36M9.84$114.44M$1.0356.50
IPG Photonics$1.00B3.27$31.10M$0.65118.74

Summary

Cognex beats IPG Photonics on 12 of the 17 factors compared between the two stocks.

How does IPG Photonics compare to MKS?

IPG Photonics (NASDAQ:IPGP) and MKS (NASDAQ:MKSI) are both technology companies, but which is the better business? We will compare the two companies based on the strength of their valuation, earnings, dividends, analyst recommendations, risk, profitability, media sentiment and institutional ownership.

In the previous week, MKS had 2 more articles in the media than IPG Photonics. MarketBeat recorded 4 mentions for MKS and 2 mentions for IPG Photonics. MKS's average media sentiment score of 0.65 beat IPG Photonics' score of 0.40 indicating that MKS is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IPG Photonics
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
MKS
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

IPG Photonics has a beta of 0.98, meaning that its share price is 2% less volatile than the broader market. Comparatively, MKS has a beta of 1.98, meaning that its share price is 98% more volatile than the broader market.

93.8% of IPG Photonics shares are owned by institutional investors. Comparatively, 99.8% of MKS shares are owned by institutional investors. 37.5% of IPG Photonics shares are owned by company insiders. Comparatively, 0.6% of MKS shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

MKS has higher revenue and earnings than IPG Photonics. MKS is trading at a lower price-to-earnings ratio than IPG Photonics, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IPG Photonics$1.00B3.27$31.10M$0.65118.74
MKS$3.93B4.52$295M$6.2741.90

IPG Photonics currently has a consensus target price of $142.60, indicating a potential upside of 84.76%. MKS has a consensus target price of $375.93, indicating a potential upside of 43.09%. Given IPG Photonics' higher probable upside, research analysts plainly believe IPG Photonics is more favorable than MKS.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IPG Photonics
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.50
MKS
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88

MKS has a net margin of 10.15% compared to IPG Photonics' net margin of 2.58%. MKS's return on equity of 24.72% beat IPG Photonics' return on equity.

Company Net Margins Return on Equity Return on Assets
IPG Photonics2.58% 3.39% 2.98%
MKS 10.15%24.72%7.80%

Summary

MKS beats IPG Photonics on 14 of the 17 factors compared between the two stocks.

How does IPG Photonics compare to Ralliant?

IPG Photonics (NASDAQ:IPGP) and Ralliant (NYSE:RAL) are both mid-cap technology companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, media sentiment, profitability, valuation, institutional ownership, dividends, risk and analyst recommendations.

IPG Photonics has a beta of 0.98, meaning that its stock price is 2% less volatile than the broader market. Comparatively, Ralliant has a beta of 1.54, meaning that its stock price is 54% more volatile than the broader market.

IPG Photonics currently has a consensus target price of $142.60, suggesting a potential upside of 84.76%. Ralliant has a consensus target price of $77.20, suggesting a potential upside of 10.45%. Given IPG Photonics' higher probable upside, analysts plainly believe IPG Photonics is more favorable than Ralliant.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IPG Photonics
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.50
Ralliant
1 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
2.67

93.8% of IPG Photonics shares are held by institutional investors. 37.5% of IPG Photonics shares are held by company insiders. Comparatively, 0.4% of Ralliant shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

IPG Photonics has a net margin of 2.58% compared to Ralliant's net margin of -56.38%. Ralliant's return on equity of 14.97% beat IPG Photonics' return on equity.

Company Net Margins Return on Equity Return on Assets
IPG Photonics2.58% 3.39% 2.98%
Ralliant -56.38%14.97%6.99%

In the previous week, IPG Photonics had 1 more articles in the media than Ralliant. MarketBeat recorded 2 mentions for IPG Photonics and 1 mentions for Ralliant. Ralliant's average media sentiment score of 0.52 beat IPG Photonics' score of 0.40 indicating that Ralliant is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
IPG Photonics
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Ralliant
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

IPG Photonics has higher earnings, but lower revenue than Ralliant. Ralliant is trading at a lower price-to-earnings ratio than IPG Photonics, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IPG Photonics$1.00B3.27$31.10M$0.65118.74
Ralliant$2.19B3.54-$1.22B-$10.85N/A

Summary

Ralliant beats IPG Photonics on 9 of the 17 factors compared between the two stocks.

How does IPG Photonics compare to Novanta?

Novanta (NASDAQ:NOVT) and IPG Photonics (NASDAQ:IPGP) are both mid-cap technology companies, but which is the better stock? We will compare the two businesses based on the strength of their dividends, earnings, profitability, institutional ownership, risk, valuation, media sentiment and analyst recommendations.

Novanta has a net margin of 6.00% compared to IPG Photonics' net margin of 2.58%. Novanta's return on equity of 10.83% beat IPG Photonics' return on equity.

Company Net Margins Return on Equity Return on Assets
Novanta6.00% 10.83% 7.53%
IPG Photonics 2.58%3.39%2.98%

Novanta has higher earnings, but lower revenue than IPG Photonics. Novanta is trading at a lower price-to-earnings ratio than IPG Photonics, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$980.60M5.57$53.83M$1.5692.58
IPG Photonics$1.00B3.27$31.10M$0.65118.74

Novanta has a beta of 1.67, meaning that its stock price is 67% more volatile than the broader market. Comparatively, IPG Photonics has a beta of 0.98, meaning that its stock price is 2% less volatile than the broader market.

Novanta presently has a consensus price target of $194.00, suggesting a potential upside of 34.32%. IPG Photonics has a consensus price target of $142.60, suggesting a potential upside of 84.76%. Given IPG Photonics' higher possible upside, analysts clearly believe IPG Photonics is more favorable than Novanta.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
3.00
IPG Photonics
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Novanta had 3 more articles in the media than IPG Photonics. MarketBeat recorded 5 mentions for Novanta and 2 mentions for IPG Photonics. Novanta's average media sentiment score of 0.60 beat IPG Photonics' score of 0.40 indicating that Novanta is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
IPG Photonics
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

98.4% of Novanta shares are held by institutional investors. Comparatively, 93.8% of IPG Photonics shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Comparatively, 37.5% of IPG Photonics shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

Novanta beats IPG Photonics on 12 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding IPGP and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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IPGP vs. The Competition

MetricIPG PhotonicsElectronic Equipment, Instruments & Components IndustryTechnology SectorNASDAQ Exchange
Market Cap$3.33B$9.02B$31.38B$13.28B
Dividend YieldN/A2.25%2.75%12.57%
P/E Ratio118.7426.0979.0425.70
Price / Sales3.2739.79590.4090.85
Price / Cash29.1931.5949.7052.76
Price / Book1.534.638.016.32
Net Income$31.10M$201.36M$702.96M$359.73M
7 Day Performance1.39%1.91%1.42%0.17%
1 Month Performance9.10%-1.83%-1.05%-3.27%
1 Year Performance-2.60%813.37%178.55%5.58%

IPG Photonics Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IPGP
IPG Photonics
3.6604 of 5 stars
$77.18
-1.3%
$142.60
+84.8%
-5.7%$3.33B$1.00B118.744,840
AEIS
Advanced Energy Industries
4.8274 of 5 stars
$254.35
-11.5%
$409.50
+61.0%
+58.2%$11.50B$2.04B47.4513,000
CGNX
Cognex
4.74 of 5 stars
$59.90
-6.7%
$75.64
+26.3%
+25.3%$10.80B$994.36M58.162,745
MKSI
MKS
4.8188 of 5 stars
$239.27
-10.5%
$382.86
+60.0%
+104.4%$16.18B$4.35B38.1610,300
RAL
Ralliant
3.1892 of 5 stars
$65.42
-2.7%
$77.20
+18.0%
+58.3%$7.44B$2.19BN/A7,000

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This page (NASDAQ:IPGP) was last updated on 9/24/2026 by MarketBeat.com Staff.
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