Which has grown faster, AEHR or IPGP?

Over the past five years, AEHR grew revenue faster — AEHR at a 30.24% CAGR versus IPGP at -4.87%.

Is AEHR or IPGP more profitable?

IPGP runs the higher net margin — AEHR at -14.00% versus IPGP at 2.58%.

How have AEHR and IPGP total returns compared?

Over the past 10 years, AEHR delivered 42.91% and IPGP delivered 0.03% annualized total return. Past performance doesn't predict future results.

Aehr Test Systems (AEHR) vs IPG Photonics Corporation (IPGP)

A side-by-side comparison of Aehr Test Systems and IPG Photonics Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

AEHR

Aehr Test Systems

$3.37B

$103.17TechnologyDelayed quote: Oct 6, 2026, 10:15 AM EDT

IPGP

IPG Photonics Corporation

$3.52B

$83.03TechnologyDelayed quote: Oct 6, 2026, 10:15 AM EDT

Total return — AEHR vs IPGP

growth of $100 · dividends reinvested · last 10y

AEHR +3451.0% (+42.9%/yr)IPGP +2.6% (+0.3%/yr)AEHR compounded faster over this window

Log scale — wide-divergence pair

AEHR IPGP

AEHR vs IPGP: by the numbers

•IPGP is the larger company ($3.52B vs $3.37B market cap).
•IPGP is profitable (2.58% net margin) while AEHR runs a net loss (-14.00%).
•AEHR grew revenue faster over the past five years (30.24% vs -4.87% CAGR).

Metrics side by side

Valuation

Metric	AEHR	IPGP
P/E ratio	N/A	127.75
Forward P/E	136.11	75.23
P/S ratio	66.10	3.30
P/B ratio	15.33	1.66
EV / EBITDA	N/A	34.54
FCF yield	N/A	0.59%

Profitability

Metric	AEHR	IPGP
Gross margin	34.67%	38.35%
Operating margin	-27.80%	0.74%
Net margin	-14.00%	2.58%
ROE	-3.25%	1.30%
ROIC	-6.17%	0.25%

Growth (annualized)

Metric	AEHR	IPGP
Revenue CAGR (5Y)	30.24%	-4.87%
EPS CAGR (5Y)	N/A	-24.63%
FCF CAGR (5Y)	N/A	-39.36%
Total return CAGR (5Y)	50.07%	-11.49%

Frequently asked

Which has grown faster, AEHR or IPGP?: Over the past five years, AEHR grew revenue faster — AEHR at a 30.24% CAGR versus IPGP at -4.87%.
Is AEHR or IPGP more profitable?: IPGP runs the higher net margin — AEHR at -14.00% versus IPGP at 2.58%.
How have AEHR and IPGP total returns compared?: Over the past 10 years, AEHR delivered 42.91% and IPGP delivered 0.03% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AEHR analysis Full IPGP analysis Interactive comparison tool

Dig into the metrics

IPG Photonics P/E ratio Aehr Test Systems ROE IPG Photonics ROE Aehr Test Systems operating margin IPG Photonics operating margin Aehr Test Systems revenue growth IPG Photonics revenue growth Aehr Test Systems free cash flow IPG Photonics free cash flow

Aehr Test Systems & IPG Photonics appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.