IPG Photonics (IPGP) vs Teradyne (TER)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Teradyne (TER) has outperformed IPG Photonics (IPGP) over the past year, gaining 177.3% versus a loss of 9.7%. Over five years, TER leads with a +253.5% price change compared with -52.9% for IPGP. Teradyne is the larger company by market cap ($62.96 billion vs $3.33 billion), about 18.9 times the size.
On valuation, IPG Photonics trades at a lower forward P/E (33.9x vs 34.6x for Teradyne). Teradyne pays a dividend yielding 0.12%, while IPG Photonics does not currently pay one. Teradyne converts more of its revenue into profit, with a net margin of 17.4% 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 | TER |
|---|---|---|
| Share price | $78.27 | $402.68 |
| Market cap | $3.33B | $62.96B |
| 1-day change | +0.68% | +0.99% |
| YTD return | +9.32% | +108.04% |
| 1-year return | -9.69% | +177.35% |
| 5-year return | -52.91% | +253.48% |
| P/E ratio (TTM) | 120.42 | 54.79 |
| Forward P/E | 33.93 | 34.56 |
| EPS (TTM) | $0.65 | $7.35 |
| Dividend yield | 0.00% | 0.12% |
| Annual dividend | $0.00 | $0.50 |
| Revenue (latest FY) | $1.00B | $3.19B |
| Revenue growth (YoY) | +2.73% | +13.13% |
| Net income (latest FY) | $31.10M | $554.05M |
| Gross margin | 38.00% | 58.22% |
| Operating margin | 1.31% | 20.38% |
| Net margin | 3.10% | 17.37% |
| 52-week high | $155.82 | $487.91 |
| 52-week low | $69.41 | $131.75 |
| Distance from 52-week high | -49.77% | -17.47% |
| Analyst consensus | none | buy |
| Avg. price target upside | +58.60% | +10.87% |
| Average volume | 468.75K | 2.85M |
| Shares outstanding | 42.53M | 156.34M |
| Employees | 4,840 | 6,600 |
| Sector | Technology | Technology |
| Industry | Semiconductor Equipment & Materials | Semiconductor Equipment & Materials |
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
- Teradyne is about 18.9 times larger than IPG Photonics by market value ($62.96B vs $3.33B).
- TER has outperformed IPGP by 187.0 percentage points over the past year.
- IPG Photonics trades at a higher earnings multiple (120.4x vs 54.8x trailing P/E).
- Teradyne is more profitable, keeping 17.4 cents of every revenue dollar as net income versus 3.1 cents for IPG Photonics.
- Teradyne grew revenue faster in its latest fiscal year (+13.13% vs +2.73%).
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 · Semiconductor Equipment & Materials · 4,840 employees
About Teradyne
TER stock →Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.
Technology · Semiconductor Equipment & Materials · 6,600 employees
IPGP vs TER FAQ
Which is bigger, IPG Photonics or Teradyne?
Teradyne (TER) is larger, with a market capitalization of $62.96B compared with $3.33B for IPG Photonics (IPGP).
Which stock has performed better over the past year, IPGP or TER?
TER returned +177.35% over the past 12 months, compared with -9.69% for IPGP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IPGP or TER?
TER has the lower trailing P/E at 54.8, versus 120.4 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 Teradyne?
Teradyne pays a dividend yielding 0.12%, while IPG Photonics does not currently pay a regular dividend.
Are IPG Photonics and Teradyne in the same industry?
Yes. Both are classified in the Semiconductor Equipment & Materials industry within the Technology sector.