Which has the lower trailing P/E, IPGP or ITRI?

ITRI has the lower trailing P/E: IPGP trades at 129.10 and ITRI at 14.66. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, IPGP or ITRI?

Over the past five years, ITRI grew revenue faster — IPGP at a -4.87% CAGR versus ITRI at 2.12%.

Is IPGP or ITRI more profitable?

ITRI runs the higher net margin — IPGP at 2.58% versus ITRI at 11.90%.

How have IPGP and ITRI total returns compared?

Over the past 10 years, IPGP delivered 0.03% and ITRI delivered 4.41% annualized total return. Past performance doesn't predict future results.

IPG Photonics Corporation (IPGP) vs Itron, Inc. (ITRI)

A side-by-side comparison of IPG Photonics Corporation and Itron, Inc. 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.

IPGP

IPG Photonics Corporation

$3.56B

$83.92TechnologyDelayed quote: Oct 6, 2026, 2:35 PM EDT

ITRI

Itron, Inc.

$3.84B

$87.80TechnologyDelayed quote: Oct 6, 2026, 2:35 PM EDT

Total return — IPGP vs ITRI

growth of $100 · dividends reinvested · last 10y

IPGP -1.6% (-0.2%/yr)ITRI +56.1% (+4.6%/yr)ITRI compounded faster over this window

IPGP ITRI

IPGP vs ITRI: by the numbers

•ITRI is the larger company ($3.84B vs $3.56B market cap).
•ITRI trades at the lower trailing earnings multiple (14.66 vs 129.10 P/E), one valuation lens rather than an overall verdict.
•ITRI converts more revenue to profit (11.90% vs 2.58% net margin).
•ITRI grew revenue faster over the past five years (2.12% vs -4.87% CAGR).

Metrics side by side

Valuation

Metric	IPGP	ITRI
P/E ratio	129.10	14.66
Forward P/E	76.03	13.68
P/S ratio	3.33	1.67
P/B ratio	1.67	2.38
EV / EBITDA	34.95	8.85
FCF yield	0.58%	9.97%

Profitability

Metric	IPGP	ITRI
Gross margin	38.35%	39.87%
Operating margin	0.74%	13.22%
Net margin	2.58%	11.90%
ROE	1.30%	16.95%
ROIC	0.25%	7.58%

Growth (annualized)

Metric	IPGP	ITRI
Revenue CAGR (5Y)	-4.87%	2.12%
EPS CAGR (5Y)	-24.63%	N/A
FCF CAGR (5Y)	-39.36%	17.83%
Total return CAGR (5Y)	-11.49%	3.49%

Frequently asked

Which has the lower trailing P/E, IPGP or ITRI?: ITRI has the lower trailing P/E: IPGP trades at 129.10 and ITRI at 14.66. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, IPGP or ITRI?: Over the past five years, ITRI grew revenue faster — IPGP at a -4.87% CAGR versus ITRI at 2.12%.
Is IPGP or ITRI more profitable?: ITRI runs the higher net margin — IPGP at 2.58% versus ITRI at 11.90%.
How have IPGP and ITRI total returns compared?: Over the past 10 years, IPGP delivered 0.03% and ITRI delivered 4.41% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IPGP analysis Full ITRI analysis Interactive comparison tool

Dig into the metrics

IPG Photonics P/E ratio Itron P/E ratio IPG Photonics ROE Itron ROE IPG Photonics operating margin Itron operating margin IPG Photonics revenue growth Itron revenue growth IPG Photonics free cash flow Itron free cash flow

IPG Photonics & Itron appear in these rankings

Highest FCF Yield Stocks Lowest P/E Ratio 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.