IPGP vs DOV vs AME Stock Comparison

Ipg Photonics, Dover and Ametek Prices as of Oct 29, 2026 Peers: Industry group
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IPGP Ipg Photonics Corp
$75.70 -3.6% 1M -12.4% 1Y
Market cap
$3.22B
P/E
116.7x
Revenue (TTM)
$1.07B
Div. yield
–
Industrial Machinery Industrials
1 win
DOV DOVER Corp
$210.37 +10.9% 1M +16.4% 1Y
Market cap
$28.33B
P/E
24.3x
Revenue (TTM)
$8.58B
Div. yield
0.99%
Industrial Machinery Industrials
3 wins
AME Ametek Inc/
$251.75 +0.4% 1M +36.7% 1Y
Market cap
$57.72B
P/E
36.6x
Revenue (TTM)
$7.86B
Div. yield
0.53%
Industrial Machinery Industrials
6 wins

Head to Head

10 decided of 12

Ametek leads on 6 of the 12 questions below (Ametek 6, Dover 3, Ipg Photonics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIPGPDOVAMELeader
Larger companyMarket capitalisation $3.22B $28.33B $57.72B AME
Cheaper on earningsLower P/E, profitable companies only 116.7x 24.3x 36.6x DOV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 72.1x 20.6x 30.7x DOV
Faster revenue growthRevenue growth, trailing twelve months +13.0% +8.2% +12.7% IPGP
More profitableNet margin, trailing twelve months 2.6% — 20.0% AME
Better return on capitalReturn on invested capital — — 12.8% –
Less leveragedLower net debt / EBITDA — — 0.6x –
Higher dividend yieldTrailing dividend yield 0.00% 0.99% 0.53% DOV
Better 1-year returnPrice return, last 12 months -12.4% +16.4% +36.7% AME
Better 5-year returnAnnualised price return, 5 years -13.8%/yr +4.5%/yr +13.7%/yr AME
Less volatileAnnualised volatility, 1 year 72.0% 24.9% 23.9% AME
Higher overall scoreMean of the five percentile scores vs peers 58/100 42/100 63/100 AME

Percentile Scorecard

IPGPDOVAME

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisIPGPDOVAME
Valuation 40 #122 of 203 46 #111 of 203 18 #166 of 203
Growth 30 #132 of 188 47 #101 of 188 64 #68 of 188
Profitability 31 #126 of 183 – 94 #12 of 183
Financial Health 96 #9 of 216 – 69 #67 of 216
Shareholder Returns 94 #10 of 152 33 #102 of 152 68 #49 of 152
Overall 58 42 63
  • IPGP ranked among 222 companies in Machinery
  • DOV ranked among 222 companies in Machinery
  • AME ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodIPGPDOVAMESPY
1 month -3.6%+10.9%+0.4% +0.7%
3 months -10.8%+3.1%+4.9% +3.7%
6 months -36.3%-7.1%+6.9% +7.1%
Year to date +5.7%+7.7%+22.6% +12.8%
1 year -12.4%+16.4%+36.7% +11.9%
3 years -9.6%+63.8%+79.7% +85.2%
3 years, per year -3.3%+17.9%+21.6% +22.8%
5 years -52.4%+24.4%+90.1% +67.6%
5 years, per year -13.8%+4.5%+13.7% +10.9%
10 years -21.9%+284.3%+470.5% +262.0%
10 years, per year -2.4%+14.4%+19.0% +13.7%

Risk

MeasureIPGPDOVAMESPY
Volatility, 1Y 72.0%24.9%23.9% 12.7%
Downside volatility, 1Y 78.0%25.2%22.9% 12.6%
Beta vs S&P 500, 1Y 2.140.930.98 1.00
Return / volatility, 1Y -0.170.661.54 0.94
Max drawdown, 5Y -72.0%-36.3%-27.3% -25.4%
From 52-week high -50.8%-9.8%-2.6% -1.2%
52-week high $153.91$233.31$258.54 $779.14
52-week low $69.41$178.03$184.19 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleIPGPDOVAME
P/E now vs peer median 116.7xmedian 25.8x 24.3xmedian 25.8x 36.6xmedian 25.8x
P/S now vs peer median 3.0xmedian 1.9x 3.3xmedian 1.9x 7.3xmedian 1.9x
EV/EBITDA now vs peer median 31.3xmedian 14.6x —median 14.6x 24.1xmedian 14.6x
P/FCF now vs peer median 154.8xmedian 22.2x 21.7xmedian 22.2x 31.6xmedian 22.2x
P/B now vs peer median 1.5xmedian 2.2x —median 2.2x 5.1xmedian 2.2x
PEG now vs peer median -3.43median 1.45 4.26median 1.45 4.20median 1.45

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsIPGPDOVAME
Revenue $1.07B $8.58B $7.86B
Gross profit $410.10M $3.40B $2.86B
Operating income $7.97M – $2.04B
Net income $27.56M – $1.58B
Free cash flow $20.80M – $1.82B
R&D $123.44M – –
EPS (diluted) $0.64 $8.60 $6.86
Cash & equivalents $399.23M – $495.45M
Total debt – – $2.04B
Shares (diluted) 42.91M 135.55M 229.86M
Enterprise value -$174.13M $28.33B $55.84B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricIPGPDOVAME
P/E 116.7x 24.3x 36.6x
P/FCF 154.8x 21.7x 31.6x
P/Operating cash flow 33.4x 20.1x 29.4x
P/S 3.0x 3.3x 7.3x
P/B 1.5x – 5.1x
P/Tangible book 1.5x – 8.2x
EV/EBITDA 31.3x – 24.1x
EV/EBIT 294.7x – 29.1x
EV/Revenue 2.2x 3.3x 7.5x
EV/FCF 112.9x – 32.5x
EV/Operating cash flow 24.4x 20.1x 30.2x
PEG (3Y EPS CAGR) -3.43 4.26 4.20

Growth

14 metrics
MetricIPGPDOVAME
Revenue growth (1Y) 13.0% 8.2% 12.7%
Revenue CAGR (3Y) -7.9% 4.1% 7.0%
Gross profit growth (1Y) 25.1% 8.3% 13.4%
Gross profit CAGR (3Y) -6.8% 6.1% 7.9%
Operating income growth (1Y) 103.4% – 11.2%
Operating income CAGR (3Y) -62.6% – 8.2%
Net income growth (1Y) 112.8% – 9.6%
Net income CAGR (3Y) -36.2% – 8.5%
EPS growth (1Y) 112.7% -47.2% 10.4%
EPS CAGR (3Y) -34.0% 5.7% 8.7%
Operating cash flow growth (1Y) -36.2% 14.3% 8.1%
Operating cash flow CAGR (3Y) -24.2% 12.1% 11.0%
Free cash flow growth (1Y) -67.8% – 8.4%
Free cash flow CAGR (3Y) -43.0% – 12.0%

Profitability

14 metrics
MetricIPGPDOVAME
Gross margin 38.4% – 36.4%
EBITDA margin 7.0% – 31.2%
Operating margin 0.7% – 25.9%
Pretax margin 3.7% – 24.3%
Net margin 2.6% – 20.0%
FCF margin 1.9% – 23.2%
Operating cash flow margin 9.0% 16.4% 24.9%
Return on equity 1.3% – 14.2%
Return on assets 1.1% – 9.6%
Return on invested capital – – 12.8%
Return on capital employed 0.4% – 14.8%
Asset turnover 0.4x – 0.5x
Cash conversion (OCF / net income) 3.5x – 1.2x
Stock comp / revenue 3.9% – 0.6%

Financial Health

11 metrics
MetricIPGPDOVAME
Debt / assets – – 12.3%
Debt / equity – – 0.2x
Net debt / EBITDA – – 0.6x
Debt / FCF – – 1.1x
Liabilities / assets 12.3% – 32.1%
Equity / assets 87.7% – 67.9%
Interest coverage – – 21.1x
Current ratio 6.2x – 1.2x
Quick ratio 4.4x – 0.6x
Cash ratio 3.6x – 0.2x
Altman Z-score 9.09 – 8.50

Shareholder Returns

7 metrics
MetricIPGPDOVAME
Dividend yield – 1.0% 0.5%
Net buyback yield 4.1% – 0.7%
Shareholder yield 4.1% 1.0% 1.2%
Payout ratio (earnings) – – 18.9%
Payout ratio (FCF) – – 16.3%
Dividend growth (1Y) – – 9.4%
Dividend CAGR (3Y) – – 11.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusIPGPDOVAME
Forward P/E 72.1xFY2026 20.6xFY2026 30.7xFY2026
EPS, next fiscal year $1.05FY2026 $10.22FY2026 $8.20FY2026
EPS growth, next FY +43.8%FY2026 +6.3%FY2026 +10.4%FY2026
EPS growth, the year after +109.5% +11.4% +8.4%
Revenue, next fiscal year $1.18BFY2026 $8.16BFY2026 $7.96BFY2026
Revenue growth, next FY +18.1%FY2026 +0.8%FY2026 +7.5%FY2026
Revenue growth, the year after +7.7% +17.8% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIPGPDOVAME
Held by institutions 71.5% 91.1% 89.6%
Institutions holding 357 1,164 1,196
Change in shares held, QoQ +4.7% -0.3% +2.3%
Institutions buying 214 500 615
Institutions selling 96 406 399
Buyers to sellers 2.23 1.23 1.54

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

IPGPDOVAME
IPGP 1.00 0.25 0.31
DOV 0.25 1.00 0.65
AME 0.31 0.65 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IPGP, DOV and AME?

Ametek (AME) is the largest by market capitalisation: Ipg Photonics (IPGP) $3.22B, Dover (DOV) $28.33B, Ametek (AME) $57.72B.

Which stock is cheaper, IPGP, DOV and AME?

Dover (DOV) trades on the lowest price-to-earnings ratio (Ipg Photonics (IPGP) 116.7x, Dover (DOV) 24.3x, Ametek (AME) 36.6x). On next year's consensus earnings, Dover (DOV) is cheapest (Ipg Photonics (IPGP) 72.1x, Dover (DOV) 20.6x, Ametek (AME) 30.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ipg Photonics (IPGP) grew revenue fastest over the trailing twelve months: Ipg Photonics (IPGP) +13.0%, Dover (DOV) +8.2%, Ametek (AME) +12.7%.

Which company is more profitable?

Ametek (AME) has the highest net margin (Ipg Photonics (IPGP) 2.6%, Ametek (AME) 20.0%).

Which stock has performed better?

Over the past year Ametek (AME) returned the most: Ipg Photonics (IPGP) -12.4%, Dover (DOV) +16.4%, Ametek (AME) +36.7%. Over five years, Ametek (AME) compounded fastest (Ipg Photonics (IPGP) -13.8%/yr, Dover (DOV) +4.5%/yr, Ametek (AME) +13.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dover (DOV) has the highest dividend yield: Ipg Photonics (IPGP) 0.00%, Dover (DOV) 0.99%, Ametek (AME) 0.53%. Ipg Photonics (IPGP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ametek (AME) has been the steadiest (Ipg Photonics (IPGP) 72.0%, Dover (DOV) 24.9%, Ametek (AME) 23.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IPGP, DOV and AME?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ametek (AME) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.