Ichor Holdings vs IPG Photonics
Ichor Holdings and IPG Photonics are similar in size: $948m and $1.00bn of revenue in their latest fiscal years. Ichor Holdings grew faster (11.6% against 2.7%). IPG Photonics kept more of each dollar of sales as profit: a net margin of 3.1% against -5.6%. IPG Photonics carries less debt relative to equity (0.0% against 18.8%).
| Latest fiscal year | Ichor HoldingsICHR, 2025 | IPG PhotonicsIPGP, 2025 |
|---|---|---|
| Revenue | $948m | $1.00bn |
| Revenue growth | 11.6% | 2.7% |
| Net income | −$52.8m | $31.1m |
| Operating margin | -4.1% | 1.3% |
| Net margin | -5.6% | 3.1% |
| Return on equity | -7.7% | 1.5% |
| Free cash flow | −$6.3m | −$3.5m |
| Cash | $98.3m | $404m |
| Total debt | $125m | $0 |
| Debt to equity | 18.8% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $53.1m |
| Employees | — | 4,840 |
| Market value | $1.35bn | $3.16bn |
| Price vs our value range | — | Within our value range |
| Moat score | 35 (Weak) | 69 (Moderate) |
| Insider trades, 12 months | 2 buys, 28 sales | 2 buys, 131 sales |