IPG Photonics (IPGP) vs Power Integrations (POWI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Power Integrations (POWI) has outperformed IPG Photonics (IPGP) over the past year, gaining 36.3% versus a loss of 5.0%. Over five years, POWI leads with a -47.7% price change compared with -51.0% for IPGP. IPG Photonics is the larger company by market cap ($3.44 billion vs $2.87 billion), about 1.2 times the size, while Power Integrations is growing revenue faster (+5.9% vs +2.7%).
On valuation, Power Integrations trades at a lower forward P/E (27.4x vs 35.1x for IPG Photonics). Power Integrations pays a dividend yielding 1.65%, while IPG Photonics does not currently pay one. Power Integrations converts more of its revenue into profit, with a net margin of 5.0% versus 3.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IPGP | POWI |
|---|---|---|
| Share price | $80.89 | $51.40 |
| Market cap | $3.44B | $2.87B |
| 1-day change | -3.35% | -3.75% |
| YTD return | +12.97% | +44.63% |
| 1-year return | -4.97% | +36.30% |
| 5-year return | -51.00% | -47.73% |
| P/E ratio (TTM) | 124.45 | 116.82 |
| Forward P/E | 35.06 | 27.44 |
| EPS (TTM) | $0.65 | $0.44 |
| Dividend yield | 0.00% | 1.65% |
| Annual dividend | $0.00 | $0.85 |
| Revenue (latest FY) | $1.00B | $443.50M |
| Revenue growth (YoY) | +2.73% | +5.86% |
| Net income (latest FY) | $31.10M | $22.09M |
| Gross margin | 38.00% | 54.49% |
| Operating margin | 1.31% | 2.30% |
| Net margin | 3.10% | 4.98% |
| 52-week high | $155.82 | $91.18 |
| 52-week low | $69.41 | $30.86 |
| Distance from 52-week high | -48.09% | -43.63% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +53.47% | +46.89% |
| Average volume | 471.26K | 736.44K |
| Shares outstanding | 42.53M | 55.87M |
| Employees | 4,840 | 877 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- POWI has outperformed IPGP by 41.3 percentage points over the past year.
- Power Integrations offers a meaningfully higher dividend yield (1.65% vs 0.00%).
About IPG Photonics
IPGP stock →IPG Photonics Corporation develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used in materials processing, medical, and advanced applications. The company offers laser products, including hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; and high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers, as well as other versions.
Technology · Semiconductors · 4,840 employees
About Power Integrations
POWI stock →Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits, and other electronic components and circuitry used in high-voltage power conversion.
Technology · Semiconductors · 877 employees
IPGP vs POWI FAQ
Which is bigger, IPG Photonics or Power Integrations?
IPG Photonics (IPGP) is larger, with a market capitalization of $3.44B compared with $2.87B for Power Integrations (POWI).
Which stock has performed better over the past year, IPGP or POWI?
POWI returned +36.30% over the past 12 months, compared with -4.97% for IPGP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IPGP or POWI?
POWI has the lower trailing P/E at 116.8, versus 124.4 for IPGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, IPG Photonics or Power Integrations?
Power Integrations pays a dividend yielding 1.65%, while IPG Photonics does not currently pay a regular dividend.
Are IPG Photonics and Power Integrations in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.