IPG Photonics vs Semtech
IPG Photonics and Semtech are similar in size: $1.00bn and $1.05bn of revenue in their latest fiscal years. Semtech grew faster (15.5% against 2.7%). IPG Photonics kept more of each dollar of sales as profit: a net margin of 3.1% against -3.8%.
| Latest fiscal year | IPG PhotonicsIPGP, 2025 | SemtechSMTC, 2026 |
|---|---|---|
| Revenue | $1.00bn | $1.05bn |
| Revenue growth | 2.7% | 15.5% |
| Net income | $31.1m | −$40.4m |
| Operating margin | 1.3% | — |
| Net margin | 3.1% | -3.8% |
| Return on equity | 1.5% | -7.4% |
| Free cash flow | −$3.5m | $171m |
| Cash | $404m | $195m |
| Total debt | $0 | $491m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $53.1m | — |
| Employees | 4,840 | 977 |
| Market value | $3.16bn | $11.83bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 69 (Moderate) | 38 (Weak) |
| Insider trades, 12 months | 2 buys, 131 sales | 0 buys, 60 sales |