IPGP vs GTX vs MMM Stock Comparison

Ipg Photonics, Garrett Motion and 3M Prices as of Oct 28, 2026 Peers: Industry group
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IPGP Ipg Photonics Corp
$75.53 -2.2% 1M -13.2% 1Y
Market cap
$3.21B
P/E
116.3x
Revenue (TTM)
$1.07B
Div. yield
–
Industrial Machinery Industrials
1 win
GTX Garrett Motion Inc.
$22.33 -13.7% 1M +28.1% 1Y
Market cap
$4.22B
P/E
11.8x
Revenue (TTM)
$3.75B
Div. yield
–
Industrial Machinery Industrials
6 wins
MMM 3M Co
$172.82 +2.0% 1M +3.6% 1Y
Market cap
$91.93B
P/E
26.0x
Revenue (TTM)
$25.25B
Div. yield
0.02%
Industrial Machinery Industrials
4 wins

Head to Head

11 decided of 12

Garrett Motion leads on 6 of the 12 questions below (Garrett Motion 6, 3M 4, Ipg Photonics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIPGPGTXMMMLeader
Larger companyMarket capitalisation $3.21B $4.22B $91.93B MMM
Cheaper on earningsLower P/E, profitable companies only 116.3x 11.8x 26.0x GTX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 71.9x 12.3x 19.5x GTX
Faster revenue growthRevenue growth, trailing twelve months +13.0% +8.5% +1.7% IPGP
More profitableNet margin, trailing twelve months 2.6% 9.5% 14.0% MMM
Better return on capitalReturn on invested capital — 64.2% 22.0% GTX
Less leveragedLower net debt / EBITDA — 1.9x 1.6x MMM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months -13.2% +28.1% +3.6% GTX
Better 5-year returnAnnualised price return, 5 years -13.8%/yr +27.1%/yr +3.0%/yr GTX
Less volatileAnnualised volatility, 1 year 72.0% 44.3% 25.6% MMM
Higher overall scoreMean of the five percentile scores vs peers 59/100 65/100 50/100 GTX

Percentile Scorecard

IPGPGTXMMM

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

AxisIPGPGTXMMM
Valuation 40 #122 of 203 97 #8 of 203 38 #126 of 203
Growth 32 #129 of 188 47 #101 of 188 59 #77 of 188
Profitability 32 #126 of 184 76 #45 of 184 87 #24 of 184
Financial Health 96 #9 of 217 16 #183 of 217 19 #177 of 217
Shareholder Returns 94 #10 of 153 91 #15 of 153 47 #82 of 153
Overall 59 65 50
  • IPGP ranked among 222 companies in Machinery
  • GTX ranked among 222 companies in Machinery
  • MMM ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodIPGPGTXMMMSPY
1 month -2.2%-13.7%+2.0% +0.9%
3 months -5.8%-22.4%-2.9% +5.9%
6 months -33.3%+9.0%+20.1% +8.5%
Year to date +5.5%+28.1%+7.9% +13.3%
1 year -13.2%+28.1%+3.6% +12.4%
3 years -14.3%+213.6%+136.2% +88.1%
3 years, per year -5.0%+46.4%+33.2% +23.5%
5 years -52.5%+231.3%+15.7% +68.2%
5 years, per year -13.8%+27.1%+3.0% +11.0%
10 years -22.1%—+24.7% +263.4%
10 years, per year -2.5%—+2.2% +13.8%

Risk

MeasureIPGPGTXMMMSPY
Volatility, 1Y 72.0%44.3%25.6% 12.7%
Downside volatility, 1Y 77.7%37.3%24.6% 12.7%
Beta vs S&P 500, 1Y 2.151.660.69 1.00
Return / volatility, 1Y -0.180.640.14 0.98
Max drawdown, 5Y -72.0%-40.5%-53.4% -25.4%
From 52-week high -50.9%-38.4%-6.0% -0.9%
52-week high $153.91$36.23$183.81 $779.14
52-week low $69.41$15.64$141.20 $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.

MultipleIPGPGTXMMM
P/E now vs peer median 116.4xmedian 25.4x 11.7xmedian 25.4x 25.4xmedian 25.4x
P/S now vs peer median 3.0xmedian 1.9x 1.1xmedian 1.9x 3.5xmedian 1.9x
EV/EBITDA now vs peer median 31.2xmedian 14.3x 8.3xmedian 14.3x 16.1xmedian 14.3x
P/FCF now vs peer median 154.5xmedian 21.8x 11.4xmedian 21.8x 33.4xmedian 21.8x
P/B now vs peer median 1.5xmedian 2.2x -6.2xmedian 2.2x 21.4xmedian 2.2x
PEG now vs peer median -3.43median 1.41 0.10median 1.41 0.71median 1.41

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 monthsIPGPGTXMMM
Revenue $1.07B $3.75B $25.25B
Gross profit $410.10M $779.00M $9.98B
Operating income $7.97M $536.00M $4.74B
Net income $27.56M $357.00M $3.58B
Free cash flow $20.80M $365.00M $2.68B
R&D $123.44M – $1.21B
EPS (diluted) $0.64 $1.87 $6.77
Cash & equivalents $399.23M $158.00M $4.84B
Total debt – $1.37B $15.00B
Shares (diluted) 42.91M 190.59M 522.60M
Enterprise value -$188.27M $3.51B $73.37B

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
MetricIPGPGTXMMM
P/E 116.4x 11.7x 25.4x
P/FCF 154.5x 11.4x 33.4x
P/Operating cash flow 33.3x 9.4x 24.6x
P/S 3.0x 1.1x 3.5x
P/B 1.5x -6.2x 21.4x
P/Tangible book 1.5x -6.2x 42.2x
EV/EBITDA 31.2x 8.3x 16.1x
EV/EBIT 293.8x 10.0x 20.9x
EV/Revenue 2.2x 1.4x 3.9x
EV/FCF 112.6x 14.7x 37.0x
EV/Operating cash flow 24.3x 12.2x 27.3x
PEG (3Y EPS CAGR) -3.43 0.10 0.71

Growth

14 metrics
MetricIPGPGTXMMM
Revenue growth (1Y) 13.0% 8.5% 1.7%
Revenue CAGR (3Y) -7.9% -0.6% 10.7%
Gross profit growth (1Y) 25.1% 10.0% -1.8%
Gross profit CAGR (3Y) -6.8% 2.2% 17.0%
Operating income growth (1Y) 103.4% 12.8% -3.7%
Operating income CAGR (3Y) -62.6% 2.2% 33.4%
Net income growth (1Y) 112.8% 18.6% 4.8%
Net income CAGR (3Y) -36.2% -1.1% 35.4%
EPS growth (1Y) 112.7% 27.7% 7.1%
EPS CAGR (3Y) -34.0% 120.7% 35.8%
Operating cash flow growth (1Y) -36.2% 7.3% 42.8%
Operating cash flow CAGR (3Y) -24.2% -0.9% -18.1%
Free cash flow growth (1Y) -67.8% 10.9% 68.6%
Free cash flow CAGR (3Y) -43.0% -1.5% -18.0%

Profitability

14 metrics
MetricIPGPGTXMMM
Gross margin 38.4% 20.8% 39.5%
EBITDA margin 7.0% 17.2% 24.4%
Operating margin 0.7% 14.3% 18.8%
Pretax margin 3.7% 12.0% 17.5%
Net margin 2.6% 9.5% 14.0%
FCF margin 1.9% 9.7% 10.6%
Operating cash flow margin 9.0% 11.8% 14.4%
Return on equity 1.3% – 101.3%
Return on assets 1.1% 14.7% 9.8%
Return on invested capital – 64.2% 22.0%
Return on capital employed 0.4% 56.1% 18.7%
Asset turnover 0.4x 1.5x 0.7x
Cash conversion (OCF / net income) 3.5x 1.2x 1.0x
Stock comp / revenue 3.9% 0.7% 0.8%

Financial Health

11 metrics
MetricIPGPGTXMMM
Debt / assets – 55.3% 37.9%
Debt / equity – -2.0x 3.6x
Net debt / EBITDA – 1.9x 1.6x
Debt / FCF – 3.7x 5.6x
Liabilities / assets 12.3% 127.3% 89.5%
Equity / assets 87.7% -27.3% 10.5%
Interest coverage – 5.1x –
Current ratio 6.2x 1.0x 1.4x
Quick ratio 4.4x 0.7x 0.8x
Cash ratio 3.6x 0.1x 0.4x
Altman Z-score 9.08 2.34 4.10

Shareholder Returns

7 metrics
MetricIPGPGTXMMM
Dividend yield – 1.4% 1.8%
Net buyback yield 4.1% 6.5% 3.1%
Shareholder yield 4.1% 7.9% 4.8%
Payout ratio (earnings) – – 44.8%
Payout ratio (FCF) – – 59.9%
Dividend growth (1Y) – – 3.2%
Dividend CAGR (3Y) – – -21.4%

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.

ConsensusIPGPGTXMMM
Forward P/E 71.9xFY2026 12.3xFY2026 19.5xFY2026
EPS, next fiscal year $1.05FY2026 $1.82FY2026 $8.88FY2026
EPS growth, next FY +43.8%FY2026 +11.0%FY2026 +10.2%FY2026
EPS growth, the year after +109.5% +13.2% +16.7%
Revenue, next fiscal year $1.18BFY2026 $3.58BFY2026 $23.87BFY2026
Revenue growth, next FY +18.1%FY2026 0.0%FY2026 -1.8%FY2026
Revenue growth, the year after +7.7% +16.2% +17.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIPGPGTXMMM
Held by institutions 71.5% 96.8% 74.5%
Institutions holding 356 458 2,210
Change in shares held, QoQ +4.7% +0.8% +0.8%
Institutions buying 214 239 916
Institutions selling 96 139 837
Buyers to sellers 2.23 1.72 1.09

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.

IPGPGTXMMM
IPGP 1.00 0.35 0.19
GTX 0.35 1.00 0.30
MMM 0.19 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IPGP, GTX and MMM?

3M (MMM) is the largest by market capitalisation: Ipg Photonics (IPGP) $3.21B, Garrett Motion (GTX) $4.22B, 3M (MMM) $91.93B.

Which stock is cheaper, IPGP, GTX and MMM?

Garrett Motion (GTX) trades on the lowest price-to-earnings ratio (Ipg Photonics (IPGP) 116.3x, Garrett Motion (GTX) 11.8x, 3M (MMM) 26.0x). On next year's consensus earnings, Garrett Motion (GTX) is cheapest (Ipg Photonics (IPGP) 71.9x, Garrett Motion (GTX) 12.3x, 3M (MMM) 19.5x). 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%, Garrett Motion (GTX) +8.5%, 3M (MMM) +1.7%.

Which company is more profitable?

3M (MMM) has the highest net margin (Ipg Photonics (IPGP) 2.6%, Garrett Motion (GTX) 9.5%, 3M (MMM) 14.0%). On return on invested capital, Garrett Motion (GTX) leads (Garrett Motion (GTX) 64.2%, 3M (MMM) 22.0%).

Which stock has performed better?

Over the past year Garrett Motion (GTX) returned the most: Ipg Photonics (IPGP) -13.2%, Garrett Motion (GTX) +28.1%, 3M (MMM) +3.6%. Over five years, Garrett Motion (GTX) compounded fastest (Ipg Photonics (IPGP) -13.8%/yr, Garrett Motion (GTX) +27.1%/yr, 3M (MMM) +3.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Ipg Photonics (IPGP) 0.00%, Garrett Motion (GTX) 0.00%, 3M (MMM) 0.02%. Ipg Photonics (IPGP) and Garrett Motion (GTX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, 3M (MMM) has been the steadiest (Ipg Photonics (IPGP) 72.0%, Garrett Motion (GTX) 44.3%, 3M (MMM) 25.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IPGP, GTX and MMM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Garrett Motion (GTX) 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.