IPGP IPG Photonics margins

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Relative Growth: Rel. Growth: 53
Relative Strength: Rel. Strength: 35
Relative Valuation: Rel. Valuation: 27
Relative Profitability: Rel. Profitability: 45
Gross margin
38.4%
Operating margin
1%
EBITDA margin
7.3%
Net margin
2.6%

Based on the latest figures, IPG Photonics reports a gross margin of 38.4%, an operating margin of 1%, an EBITDA margin of 7.3%, and a net margin of 2.6%. EBITDA margin had the largest improvement, expanding by 25.7 percentage points, while the other available margins also increased.

IPGP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, IPG Photonics recorded average margins of 37.68% gross, -3.18% operating, 2.66% EBITDA, and -1.87% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

IPGP margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in EBITDA margin, which rose by 25.7 percentage points. The other available margins also improved.

Gross margin expansion
3.7pp
Operating margin expansion
25.5pp
EBITDA margin expansion
25.7pp
Net margin expansion
25.4pp

IPGP Gross margin

The average gross margin for IPG Photonics was 37.68% across the past 3 years. IPG Photonics's current gross margin is 38.4% and is 0.7 percentage points above its three-year average. The gross margin for IPG Photonics moved between 34.6% in Dec 2024 and 42.1% in Dec 2023.

IPGP Operating margin

Over the last 3 years, IPG Photonics had an average operating margin of -3.18%. IPG Photonics's current operating margin is 1% and is 4.2 percentage points above its three-year average. Looking back over the last 3 years, IPG Photonics's operating margin reached 17.9% at its highest point in Dec 2023 and -24.5% at its lowest in Jun 2025.

IPGP EBITDA margin

Across the last 3 years, IPG Photonics's EBITDA margin stood at 2.66%. The current EBITDA margin stands at 7.3%, 4.6 percentage points above its three-year average. EBITDA margin was highest at 23.5% in Dec 2023 and lowest at -18.4% in Jun 2025.

IPGP Net margin

IPG Photonics's net margin averaged -1.87% over the last 3 years. As of the latest period, the current net margin for IPG Photonics is 2.6%, 4.5 percentage points above its three-year average. Over the last 3 years, IPG Photonics's net margin peaked at 17% in Dec 2023 and reached a low of -22.8% in Jun 2025.

IPGP margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 38.4%, IPGP is above its peers average but below the Technology sector and the industry average. Compared to its Technology sector average of 52.1%, IPG Photonics's gross margin is 26% lower.

IPGP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is IPG Photonics's gross margin?

For the period ending Jun 30, 2026, IPGP recorded a gross margin of 38.4%.

What is IPG Photonics's operating margin?

As of Jun 30, 2026, IPGP has an operating margin of 1%.

What is IPG Photonics's EBITDA margin?

As of Jun 30, 2026, IPGP has an EBITDA margin of 7.3%.

What is IPG Photonics's net margin?

The current net margin for IPGP is 2.6% as of Jun 30, 2026.

What are the average margins of IPGP?

Looking back over 3 years, IPGP recorded average margins of 37.7% gross, -3.2% operating, 2.7% EBITDA, and -1.9% net.

What are the highest historical margins of IPGP?

Within the 5-year period, IPGP recorded its highest margins at 47.7% gross in Dec 2021, 24.1% operating in Mar 2022, 31.8% EBITDA in Dec 2021, and 19.1% net in Dec 2021.

What are the lowest historical margins of IPGP?

IPG Photonics's lowest recorded margins during the past 5 years were 34.6% gross in Dec 2024, -24.5% operating in Jun 2025, -18.4% EBITDA in Jun 2025, and -22.8% net in Jun 2025.