Allegro Microsystems vs IPG Photonics
Allegro Microsystems and IPG Photonics are similar in size: $890m and $1.00bn of revenue in their latest fiscal years. Allegro Microsystems grew faster (22.8% against 2.7%). IPG Photonics kept more of each dollar of sales as profit: a net margin of 3.1% against -1.7%. IPG Photonics carries less debt relative to equity (0.0% against 30.1%).
| Latest fiscal year | Allegro MicrosystemsALGM, 2026 | IPG PhotonicsIPGP, 2025 |
|---|---|---|
| Revenue | $890m | $1.00bn |
| Revenue growth | 22.8% | 2.7% |
| Net income | −$14.9m | $31.1m |
| Operating margin | 2.1% | 1.3% |
| Net margin | -1.7% | 3.1% |
| Return on equity | -1.6% | 1.5% |
| Free cash flow | $125m | −$3.5m |
| Cash | $169m | $404m |
| Total debt | $287m | $0 |
| Debt to equity | 30.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $53.1m |
| Employees | 4,250 | 4,840 |
| Market value | $6.00bn | $3.10bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 43 (Weak) | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 13 sales | 2 buys, 131 sales |