Which has grown faster, IPGP or UCTT?

Over the past five years, UCTT grew revenue faster — IPGP at a -4.87% CAGR versus UCTT at 5.67%.

Is IPGP or UCTT more profitable?

IPGP runs the higher net margin — IPGP at 2.58% versus UCTT at -1.07%.

How have IPGP and UCTT total returns compared?

Over the past 10 years, IPGP delivered 0.03% and UCTT delivered 25.82% annualized total return. Past performance doesn't predict future results.

IPG Photonics Corporation (IPGP) vs Ultra Clean Holdings, Inc. (UCTT)

A side-by-side comparison of IPG Photonics Corporation and Ultra Clean Holdings, 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

$3.55B

$83.69TechnologyDelayed quote: Oct 6, 2026, 4:00 PM EDT

UCTT

Ultra Clean Holdings, Inc.

$3.28B

$73.24TechnologyDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — IPGP vs UCTT

growth of $100 · dividends reinvested · last 10y

IPGP -1.6% (-0.2%/yr)UCTT +849.0% (+25.2%/yr)UCTT compounded faster over this window

Log scale — wide-divergence pair

IPGP UCTT

IPGP vs UCTT: by the numbers

•IPGP is the larger company ($3.55B vs $3.28B market cap).
•IPGP is profitable (2.58% net margin) while UCTT runs a net loss (-1.07%).
•UCTT grew revenue faster over the past five years (5.67% vs -4.87% CAGR).

Metrics side by side

Valuation

Metric	IPGP	UCTT
P/E ratio	128.75	N/A
Forward P/E	75.82	23.39
P/S ratio	3.32	1.50
P/B ratio	1.67	5.13
EV / EBITDA	34.84	27.32
FCF yield	0.59%	N/A

Profitability

Metric	IPGP	UCTT
Gross margin	38.35%	15.83%
Operating margin	0.74%	2.84%
Net margin	2.58%	-1.07%
ROE	1.30%	-3.66%
ROIC	0.25%	2.27%

Growth (annualized)

Metric	IPGP	UCTT
Revenue CAGR (5Y)	-4.87%	5.67%
EPS CAGR (5Y)	-24.63%	N/A
FCF CAGR (5Y)	-39.36%	N/A
Total return CAGR (5Y)	-11.49%	11.89%

Frequently asked

Which has grown faster, IPGP or UCTT?: Over the past five years, UCTT grew revenue faster — IPGP at a -4.87% CAGR versus UCTT at 5.67%.
Is IPGP or UCTT more profitable?: IPGP runs the higher net margin — IPGP at 2.58% versus UCTT at -1.07%.
How have IPGP and UCTT total returns compared?: Over the past 10 years, IPGP delivered 0.03% and UCTT delivered 25.82% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IPGP analysis Full UCTT analysis Interactive comparison tool

Dig into the metrics

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

IPG Photonics & Ultra Clean appear in these rankings

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.