IPGP vs ITW vs AME Stock Comparison

Ipg Photonics, Illinois Tool Works and Ametek Prices as of Oct 26, 2026 Peers: Industry group
IPGP Ipg Photonics Corp
$72.81 -6.8% 1M -15.9% 1Y
Market cap
$3.17B
P/E
115.0x
Revenue (TTM)
$1.07B
Div. yield
–
Industrial Machinery Industrials
1 win
ITW Illinois Tool Works Inc
$276.01 +0.7% 1M +12.3% 1Y
Market cap
$78.53B
P/E
24.6x
Revenue (TTM)
$16.47B
Div. yield
0.02%
Industrial Machinery Industrials
6 wins
AME Ametek Inc/
$242.89 -3.3% 1M +29.8% 1Y
Market cap
$56.11B
P/E
35.6x
Revenue (TTM)
$7.86B
Div. yield
0.01%
Industrial Machinery Industrials
5 wins

Head to Head

12 decided of 12

Illinois Tool Works leads on 6 of the 12 questions below (Illinois Tool Works 6, Ametek 5, Ipg Photonics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIPGPITWAMELeader
Larger companyMarket capitalisation $3.17B $78.53B $56.11B ITW
Cheaper on earningsLower P/E, profitable companies only 115.0x 24.6x 35.6x ITW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 69.3x 25.9x 29.6x ITW
Faster revenue growthRevenue growth, trailing twelve months +13.0% +4.3% +12.7% IPGP
More profitableNet margin, trailing twelve months 2.6% 19.4% 20.0% AME
Better return on capitalReturn on invested capital — 27.1% 12.8% ITW
Less leveragedLower net debt / EBITDA — 1.9x 0.6x AME
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.01% ITW
Better 1-year returnPrice return, last 12 months -15.9% +12.3% +29.8% AME
Better 5-year returnAnnualised price return, 5 years -14.3%/yr +4.4%/yr +13.3%/yr AME
Less volatileAnnualised volatility, 1 year 72.1% 21.3% 23.9% ITW
Higher overall scoreMean of the five percentile scores vs peers 59/100 48/100 62/100 AME

Percentile Scorecard

IPGPITWAME

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

AxisIPGPITWAME
Valuation 40 #123 of 203 26 #150 of 203 17 #168 of 203
Growth 31 #129 of 187 33 #125 of 187 63 #70 of 187
Profitability 32 #127 of 185 100 #2 of 185 92 #15 of 185
Financial Health 96 #9 of 219 23 #170 of 219 69 #69 of 219
Shareholder Returns 94 #10 of 153 59 #63 of 153 70 #46 of 153
Overall 59 48 62
  • IPGP ranked among 222 companies in Machinery
  • ITW 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

PeriodIPGPITWAMESPY
1 month -6.8%+0.7%-3.3% -0.8%
3 months -18.8%-3.0%-0.1% +3.5%
6 months -37.6%+2.3%+4.3% +7.0%
Year to date +1.7%+12.1%+18.3% +12.2%
1 year -15.9%+12.3%+29.8% +13.0%
3 years -17.4%+23.6%+74.5% +86.3%
3 years, per year -6.2%+7.3%+20.4% +23.1%
5 years -53.6%+24.2%+87.0% +68.6%
5 years, per year -14.3%+4.4%+13.3% +11.0%
10 years -14.2%+143.4%+441.8% +258.0%
10 years, per year -1.5%+9.3%+18.4% +13.6%

Risk

MeasureIPGPITWAMESPY
Volatility, 1Y 72.1%21.3%23.9% 12.7%
Downside volatility, 1Y 77.3%20.8%22.8% 12.7%
Beta vs S&P 500, 1Y 2.140.470.97 1.00
Return / volatility, 1Y -0.220.581.25 1.02
Max drawdown, 5Y -72.0%-28.9%-27.3% -25.4%
From 52-week high -52.7%-7.9%-6.1% -1.8%
52-week high $153.91$299.60$258.54 $779.14
52-week low $69.41$241.07$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.

MultipleIPGPITWAME
P/E now vs peer median 112.2xmedian 26.0x 24.7xmedian 26.0x 35.3xmedian 26.0x
P/S now vs peer median 2.9xmedian 1.9x 4.8xmedian 1.9x 7.1xmedian 1.9x
EV/EBITDA now vs peer median 29.6xmedian 14.0x 18.4xmedian 14.0x 23.3xmedian 14.0x
P/FCF now vs peer median 148.9xmedian 21.4x 26.9xmedian 21.4x 30.5xmedian 21.4x
P/B now vs peer median 1.5xmedian 2.2x 27.2xmedian 2.2x 4.9xmedian 2.2x
PEG now vs peer median -3.30median 1.26 8.37median 1.26 4.06median 1.26

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 monthsIPGPITWAME
Revenue $1.07B $16.47B $7.86B
Gross profit $410.10M $7.27B $2.86B
Operating income $7.97M $4.36B $2.04B
Net income $27.56M $3.19B $1.58B
Free cash flow $20.80M $2.92B $1.82B
R&D $123.44M – –
EPS (diluted) $0.64 $11.13 $6.86
Cash & equivalents $399.23M $839.00M $495.45M
Total debt – $9.69B $2.04B
Shares (diluted) 42.91M 287.00M 229.86M
Enterprise value -$225.85M $75.09B $54.23B

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
MetricIPGPITWAME
P/E 112.2x 24.7x 35.3x
P/FCF 148.9x 26.9x 30.5x
P/Operating cash flow 32.1x 23.6x 28.4x
P/S 2.9x 4.8x 7.1x
P/B 1.5x 27.2x 4.9x
P/Tangible book 1.5x 33.6x 7.9x
EV/EBITDA 29.6x 18.4x 23.3x
EV/EBIT 279.3x 20.0x 28.1x
EV/Revenue 2.1x 5.3x 7.3x
EV/FCF 107.0x 29.9x 31.4x
EV/Operating cash flow 23.1x 26.3x 29.2x
PEG (3Y EPS CAGR) -3.30 8.37 4.06

Growth

14 metrics
MetricIPGPITWAME
Revenue growth (1Y) 13.0% 4.3% 12.7%
Revenue CAGR (3Y) -7.9% 0.8% 7.0%
Gross profit growth (1Y) 25.1% 5.3% 13.4%
Gross profit CAGR (3Y) -6.8% 2.7% 7.9%
Operating income growth (1Y) 103.4% 6.4% 11.2%
Operating income CAGR (3Y) -62.6% 3.4% 8.2%
Net income growth (1Y) 112.8% -5.1% 9.6%
Net income CAGR (3Y) -36.2% 1.0% 8.5%
EPS growth (1Y) 112.7% -3.1% 10.4%
EPS CAGR (3Y) -34.0% 3.0% 8.7%
Operating cash flow growth (1Y) -36.2% 5.8% 8.1%
Operating cash flow CAGR (3Y) -24.2% 3.1% 11.0%
Free cash flow growth (1Y) -67.8% 7.2% 8.4%
Free cash flow CAGR (3Y) -43.0% 4.1% 12.0%

Profitability

14 metrics
MetricIPGPITWAME
Gross margin 38.4% 44.2% 36.4%
EBITDA margin 7.0% 28.9% 31.2%
Operating margin 0.7% 26.5% 25.9%
Pretax margin 3.7% 25.0% 24.3%
Net margin 2.6% 19.4% 20.0%
FCF margin 1.9% 17.7% 23.2%
Operating cash flow margin 9.0% 20.2% 24.9%
Return on equity 1.3% 104.3% 14.2%
Return on assets 1.1% 19.5% 9.6%
Return on invested capital – 27.1% 12.8%
Return on capital employed 0.4% 41.9% 14.8%
Asset turnover 0.4x 1.0x 0.5x
Cash conversion (OCF / net income) 3.5x 1.0x 1.2x
Stock comp / revenue 3.9% 0.4% 0.6%

Financial Health

11 metrics
MetricIPGPITWAME
Debt / assets – 58.8% 12.3%
Debt / equity – 3.3x 0.2x
Net debt / EBITDA – 1.9x 0.6x
Debt / FCF – 3.3x 1.1x
Liabilities / assets 12.3% 82.4% 32.1%
Equity / assets 87.7% 17.6% 67.9%
Interest coverage – 14.5x 21.1x
Current ratio 6.2x 1.1x 1.2x
Quick ratio 4.4x 0.7x 0.6x
Cash ratio 3.6x 0.1x 0.2x
Altman Z-score 8.84 8.00 8.27

Shareholder Returns

7 metrics
MetricIPGPITWAME
Dividend yield – 2.4% 0.5%
Net buyback yield 4.3% 2.3% 0.7%
Shareholder yield 4.3% 4.7% 1.3%
Payout ratio (earnings) – 57.4% 18.9%
Payout ratio (FCF) – 62.8% 16.3%
Dividend growth (1Y) – 5.5% 9.4%
Dividend CAGR (3Y) – 5.1% 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.

ConsensusIPGPITWAME
Forward P/E 69.3xFY2026 25.9xFY2026 29.6xFY2026
EPS, next fiscal year $1.05FY2026 $10.67FY2026 $8.20FY2026
EPS growth, next FY +43.8%FY2026 +1.7%FY2026 +10.4%FY2026
EPS growth, the year after +109.5% +19.3% +8.4%
Revenue, next fiscal year $1.18BFY2026 $16.46BFY2026 $7.96BFY2026
Revenue growth, next FY +18.1%FY2026 +2.6%FY2026 +7.5%FY2026
Revenue growth, the year after +7.7% +11.4% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIPGPITWAME
Held by institutions 71.5% 84.9% 89.6%
Institutions holding 356 1,969 1,195
Change in shares held, QoQ +4.7% +0.8% +2.3%
Institutions buying 214 846 615
Institutions selling 96 750 399
Buyers to sellers 2.23 1.13 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.

IPGPITWAME
IPGP 1.00 0.15 0.29
ITW 0.15 1.00 0.50
AME 0.29 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IPGP, ITW and AME?

Illinois Tool Works (ITW) is the largest by market capitalisation: Ipg Photonics (IPGP) $3.17B, Illinois Tool Works (ITW) $78.53B, Ametek (AME) $56.11B.

Which stock is cheaper, IPGP, ITW and AME?

Illinois Tool Works (ITW) trades on the lowest price-to-earnings ratio (Ipg Photonics (IPGP) 115.0x, Illinois Tool Works (ITW) 24.6x, Ametek (AME) 35.6x). On next year's consensus earnings, Illinois Tool Works (ITW) is cheapest (Ipg Photonics (IPGP) 69.3x, Illinois Tool Works (ITW) 25.9x, Ametek (AME) 29.6x). 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%, Illinois Tool Works (ITW) +4.3%, Ametek (AME) +12.7%.

Which company is more profitable?

Ametek (AME) has the highest net margin (Ipg Photonics (IPGP) 2.6%, Illinois Tool Works (ITW) 19.4%, Ametek (AME) 20.0%). On return on invested capital, Illinois Tool Works (ITW) leads (Illinois Tool Works (ITW) 27.1%, Ametek (AME) 12.8%).

Which stock has performed better?

Over the past year Ametek (AME) returned the most: Ipg Photonics (IPGP) -15.9%, Illinois Tool Works (ITW) +12.3%, Ametek (AME) +29.8%. Over five years, Ametek (AME) compounded fastest (Ipg Photonics (IPGP) -14.3%/yr, Illinois Tool Works (ITW) +4.4%/yr, Ametek (AME) +13.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Illinois Tool Works (ITW) has the highest dividend yield: Ipg Photonics (IPGP) 0.00%, Illinois Tool Works (ITW) 0.02%, Ametek (AME) 0.01%. Ipg Photonics (IPGP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Ipg Photonics (IPGP) 72.1%, Illinois Tool Works (ITW) 21.3%, Ametek (AME) 23.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IPGP, ITW 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, Illinois Tool Works (ITW) 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.