IPG Photonics Corporation (IPGP) vs Ouster, Inc. (OUST)
A side-by-side comparison of IPG Photonics Corporation and Ouster, 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
$83.58TechnologyDelayed quote: Oct 6, 2026, 1:00 PM EDT
OUST
Ouster, Inc.
$45.73TechnologyDelayed quote: Oct 6, 2026, 1:00 PM EDT
Total return — IPGP vs OUST
growth of $100 · dividends reinvested · last 6yIPGP -51.9% (-11.5%/yr)OUST -54.5% (-12.3%/yr)IPGP compounded faster over this window
IPGP OUST
IPGP vs OUST: by the numbers
- •IPGP is the larger company ($3.55B vs $3.30B market cap).
- •IPGP is profitable (2.58% net margin) while OUST runs a net loss (-26.02%).
- •OUST grew revenue faster over the past five years (50.79% vs -4.87% CAGR).
Metrics side by side
Valuation
| Metric | IPGP | OUST |
|---|---|---|
| P/E ratio | 128.58 | N/A |
| Forward P/E | 75.72 | N/A |
| P/S ratio | 3.32 | 16.09 |
| P/B ratio | 1.67 | 8.88 |
| EV / EBITDA | 34.79 | N/A |
| FCF yield | 0.59% | N/A |
Profitability
| Metric | IPGP | OUST |
|---|---|---|
| Gross margin | 38.35% | 49.60% |
| Operating margin | 0.74% | -43.69% |
| Net margin | 2.58% | -26.02% |
| ROE | 1.30% | -14.36% |
| ROIC | 0.25% | -15.98% |
Growth (annualized)
| Metric | IPGP | OUST |
|---|---|---|
| Revenue CAGR (5Y) | -4.87% | 50.79% |
| EPS CAGR (5Y) | -24.63% | N/A |
| FCF CAGR (5Y) | -39.36% | N/A |
| Total return CAGR (5Y) | -11.49% | -9.61% |
Frequently asked
- Which has grown faster, IPGP or OUST?
- Over the past five years, OUST grew revenue faster — IPGP at a -4.87% CAGR versus OUST at 50.79%.
- Is IPGP or OUST more profitable?
- IPGP runs the higher net margin — IPGP at 2.58% versus OUST at -26.02%.
- How have IPGP and OUST total returns compared?
- Over the past 5 years, IPGP delivered -11.49% and OUST delivered -9.61% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
IPG Photonics P/E ratioIPG Photonics ROEOuster ROEIPG Photonics operating marginOuster operating marginIPG Photonics revenue growthOuster revenue growthIPG Photonics free cash flowOuster free cash flow
IPG Photonics & Ouster appear in these rankings
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.