IPG Photonics (IPGP) vs Ultra Clean (UCTT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Ultra Clean (UCTT) has outperformed IPG Photonics (IPGP) over the past year, gaining 159.6% versus a loss of 5.0%. Over five years, UCTT leads with a +60.1% price change compared with -51.0% for IPGP. IPG Photonics is the larger company by market cap ($3.34 billion vs $3.28 billion), about 1.0 times the size.
On valuation, Ultra Clean trades at a lower forward P/E (11.3x vs 34.1x for IPG Photonics). IPG Photonics converts more of its revenue into profit, with a net margin of 3.1% versus -8.8%.
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 | UCTT |
|---|---|---|
| Share price | $78.62 | $72.39 |
| Market cap | $3.34B | $3.28B |
| 1-day change | -2.80% | +1.36% |
| YTD return | +12.97% | +181.96% |
| 1-year return | -4.97% | +159.61% |
| 5-year return | -51.00% | +60.10% |
| P/E ratio (TTM) | 120.95 | — |
| Forward P/E | 34.07 | 11.33 |
| EPS (TTM) | $0.65 | $-0.51 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.00B | $2.05B |
| Revenue growth (YoY) | +2.73% | -2.08% |
| Net income (latest FY) | $31.10M | $-181.20M |
| Gross margin | 38.00% | 15.72% |
| Operating margin | 1.31% | -5.23% |
| Net margin | 3.10% | -8.82% |
| 52-week high | $155.82 | $144.22 |
| 52-week low | $69.41 | $21.49 |
| Distance from 52-week high | -49.55% | -49.81% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +57.91% | +85.11% |
| Average volume | 471.26K | 1.12M |
| Shares outstanding | 42.53M | 45.28M |
| Employees | 4,840 | 6,948 |
| 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
- UCTT has outperformed IPGP by 164.6 percentage points over the past year.
- IPG Photonics is more profitable, keeping 3.1 cents of every revenue dollar as net income versus -8.8 cents for Ultra Clean.
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 Ultra Clean
UCTT stock →Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and cleaning and analytical services for the semiconductor industry in the United States and internationally.
Technology · Semiconductors · 6,948 employees
IPGP vs UCTT FAQ
Which is bigger, IPG Photonics or Ultra Clean?
IPG Photonics (IPGP) is larger, with a market capitalization of $3.34B compared with $3.28B for Ultra Clean (UCTT).
Which stock has performed better over the past year, IPGP or UCTT?
UCTT returned +159.61% over the past 12 months, compared with -4.97% for IPGP (price return, excluding dividends). Past performance does not predict future results.
Are IPG Photonics and Ultra Clean in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.