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IPG Photonics (IPGP) Competitors

IPG Photonics logo
$76.46 -0.02 (-0.03%)
As of 09/3/2026 04:00 PM Eastern

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 compare the two companies based on the strength of their valuation, institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and media sentiment.

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$1.80B6.11$148.40M$5.3651.18
IPG Photonics$1.00B3.24$31.10M$0.65117.63

99.7% of Advanced Energy Industries shares are held by institutional investors. Comparatively, 93.8% of IPG Photonics shares are held by institutional investors. 1.3% of Advanced Energy Industries shares are held by company insiders. Comparatively, 37.5% of IPG Photonics shares are held 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.

In the previous week, Advanced Energy Industries had 3 more articles in the media than IPG Photonics. MarketBeat recorded 17 mentions for Advanced Energy Industries and 14 mentions for IPG Photonics. Advanced Energy Industries' average media sentiment score of 1.38 beat IPG Photonics' score of 1.16 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
14 Very Positive mention(s)
3 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
IPG Photonics
10 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Advanced Energy Industries currently has a consensus price target of $409.50, suggesting a potential upside of 49.29%. IPG Photonics has a consensus price target of $142.60, suggesting a potential upside of 86.50%. Given IPG Photonics' higher possible upside, analysts plainly 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, meaning that its stock price is 31% 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.

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%

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 technology companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, dividends, media sentiment, earnings, profitability, analyst recommendations, valuation and risk.

In the previous week, Cognex had 2 more articles in the media than IPG Photonics. MarketBeat recorded 16 mentions for Cognex and 14 mentions for IPG Photonics. Cognex's average media sentiment score of 1.53 beat IPG Photonics' score of 1.16 indicating that Cognex is being referred to more favorably in the media.

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

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 insiders. Comparatively, 37.5% of IPG Photonics shares are owned by 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 currently has a consensus price target of $75.64, suggesting a potential upside of 24.43%. IPG Photonics has a consensus price target of $142.60, suggesting a potential upside of 86.50%. Given IPG Photonics' higher possible upside, analysts clearly 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)
5 Hold rating(s)
10 Buy rating(s)
2 Strong Buy rating(s)
2.82
IPG Photonics
1 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.50

Cognex has higher revenue and earnings 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$1.09B9.39$114.44M$1.0359.02
IPG Photonics$1.00B3.24$31.10M$0.65117.63

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%

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

Summary

Cognex beats IPG Photonics on 13 of the 17 factors compared between the two stocks.

How does IPG Photonics compare to MKS?

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

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
MKS10.15% 24.72% 7.80%
IPG Photonics 2.58%3.39%2.98%

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
MKS$3.93B4.29$295M$6.2739.82
IPG Photonics$1.00B3.24$31.10M$0.65117.63

99.8% of MKS shares are owned by institutional investors. Comparatively, 93.8% of IPG Photonics shares are owned by institutional investors. 0.6% of MKS 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 large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

MKS has a beta of 1.98, meaning that its stock price is 98% 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.

MKS presently has a consensus target price of $382.86, suggesting a potential upside of 53.36%. IPG Photonics has a consensus target price of $142.60, suggesting a potential upside of 86.50%. Given IPG Photonics' higher possible upside, analysts clearly believe IPG Photonics is more favorable than MKS.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
MKS
1 Sell rating(s)
2 Hold rating(s)
12 Buy rating(s)
1 Strong Buy rating(s)
2.81
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, MKS had 7 more articles in the media than IPG Photonics. MarketBeat recorded 21 mentions for MKS and 14 mentions for IPG Photonics. IPG Photonics' average media sentiment score of 1.16 beat MKS's score of 1.10 indicating that IPG Photonics is being referred to more favorably in the news media.

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

Summary

MKS beats IPG Photonics on 13 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 superior investment? We will compare the two businesses based on the strength of their media sentiment, dividends, analyst recommendations, valuation, institutional ownership, earnings, profitability and risk.

IPG Photonics currently has a consensus target price of $142.60, indicating a potential upside of 86.50%. Ralliant has a consensus target price of $75.70, indicating a potential upside of 20.75%. Given IPG Photonics' higher possible upside, equities 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

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

93.8% of IPG Photonics shares are held by institutional investors. 37.5% of IPG Photonics shares are held by insiders. Comparatively, 0.4% of Ralliant shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

In the previous week, IPG Photonics and IPG Photonics both had 14 articles in the media. Ralliant's average media sentiment score of 1.47 beat IPG Photonics' score of 1.16 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
10 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Ralliant
12 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

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%

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$1.00B3.24$31.10M$0.65117.63
Ralliant$2.07B3.35-$1.22B-$10.85N/A

Summary

Ralliant beats IPG Photonics on 9 of the 16 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 business? We will contrast the two businesses based on the strength of their valuation, dividends, media sentiment, analyst recommendations, risk, institutional ownership, profitability and earnings.

98.4% of Novanta shares are owned by institutional investors. Comparatively, 93.8% of IPG Photonics shares are owned by institutional investors. 1.2% of Novanta 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 large money managers, hedge funds and endowments believe a company is poised for long-term growth.

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$980.60M5.68$53.83M$1.5694.38
IPG Photonics$1.00B3.24$31.10M$0.65117.63

In the previous week, IPG Photonics had 8 more articles in the media than Novanta. MarketBeat recorded 14 mentions for IPG Photonics and 6 mentions for Novanta. Novanta's average media sentiment score of 1.47 beat IPG Photonics' score of 1.16 indicating that Novanta is being referred to more favorably in the media.

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

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 presently has a consensus price target of $194.00, indicating a potential upside of 31.76%. IPG Photonics has a consensus price target of $142.60, indicating a potential upside of 86.50%. Given IPG Photonics' higher possible upside, analysts plainly 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

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

Summary

Novanta beats IPG Photonics on 11 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$3.25B$8.62B$29.51B$12.73B
Dividend YieldN/A2.24%2.73%8.86%
P/E Ratio117.6323.7875.7725.25
Price / Sales3.2440.30592.1297.64
Price / Cash28.5530.7247.3252.26
Price / Book1.535.049.296.14
Net Income$31.10M$203.26M$678.51M$349.01M
7 Day Performance-0.09%-0.54%-0.76%-0.31%
1 Month Performance-18.72%-2.90%-0.95%0.64%
1 Year Performance-7.14%818.11%185.96%14.83%

IPG Photonics Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IPGP
IPG Photonics
3.7434 of 5 stars
$76.46
0.0%
$142.60
+86.5%
-5.7%$3.25B$1.00B117.634,840
AEIS
Advanced Energy Industries
4.9343 of 5 stars
$274.67
-3.9%
$409.50
+49.1%
+88.8%$11.45B$1.80B51.2413,000
CGNX
Cognex
4.9384 of 5 stars
$58.54
-3.3%
$75.64
+29.2%
+38.3%$10.18B$994.36M56.842,745
MKSI
MKS
4.9574 of 5 stars
$269.06
-3.6%
$385.00
+43.1%
+149.1%$18.87B$4.35B42.9110,300
RAL
Ralliant
4.5333 of 5 stars
$62.84
-1.2%
$75.70
+20.5%
+48.3%$7.04B$2.07BN/A7,000

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This page (NASDAQ:IPGP) was last updated on 9/4/2026 by MarketBeat.com Staff.
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