IPGP vs KRNT vs NDSN Stock Comparison

Ipg Photonics, Kornit Digital and Nordson 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
116.4x
Revenue (TTM)
$1.07B
Div. yield
–
Industrial Machinery Industrials
2 wins
KRNT Kornit Digital Ltd.
$18.15 +13.4% 1M +24.8% 1Y
Market cap
$840.18M
P/E
–
Revenue (TTM)
$215.85M
Div. yield
–
Industrial Machinery Industrials
NDSN Nordson Corp
$326.02 -1.6% 1M +38.5% 1Y
Market cap
$18.16B
P/E
32.7x
Revenue (TTM)
$2.98B
Div. yield
1.04%
Industrial Machinery Industrials
7 wins

Head to Head

9 decided of 12

Nordson leads on 7 of the 12 questions below (Nordson 7, Ipg Photonics 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIPGPKRNTNDSNLeader
Larger companyMarket capitalisation $3.21B $840.18M $18.16B NDSN
Cheaper on earningsLower P/E, profitable companies only 116.4x -40.4x 32.7x NDSN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 71.9x 90.7x 29.3x NDSN
Faster revenue growthRevenue growth, trailing twelve months +13.0% +4.0% +7.0% IPGP
More profitableNet margin, trailing twelve months 2.6% -9.4% 18.6% NDSN
Better return on capitalReturn on invested capital — — 13.1% –
Less leveragedLower net debt / EBITDA — — 1.7x –
Higher dividend yieldTrailing dividend yield 0.00% — 1.04% –
Better 1-year returnPrice return, last 12 months -13.2% +24.8% +38.5% NDSN
Better 5-year returnAnnualised price return, 5 years -13.8%/yr -35.9%/yr +5.1%/yr NDSN
Less volatileAnnualised volatility, 1 year 72.0% 43.5% 22.2% NDSN
Higher overall scoreMean of the five percentile scores vs peers 59/100 44/100 59/100 IPGP

Percentile Scorecard

IPGPKRNTNDSN

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

AxisIPGPKRNTNDSN
Valuation 40 #122 of 203 48 #107 of 203 30 #143 of 203
Growth 32 #129 of 188 40 #113 of 188 57 #82 of 188
Profitability 32 #126 of 184 22 #143 of 184 97 #6 of 184
Financial Health 96 #9 of 217 99 #3 of 217 56 #97 of 217
Shareholder Returns 94 #10 of 153 11 #137 of 153 54 #71 of 153
Overall 59 44 59
  • IPGP ranked among 222 companies in Machinery
  • KRNT ranked among 222 companies in Machinery
  • NDSN ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodIPGPKRNTNDSNSPY
1 month -2.2%+13.4%-1.6% +0.9%
3 months -5.8%+24.1%+10.5% +5.9%
6 months -33.3%+19.2%+16.3% +8.5%
Year to date +5.5%+26.2%+35.6% +13.3%
1 year -13.2%+24.8%+38.5% +12.4%
3 years -14.3%+32.5%+53.7% +88.1%
3 years, per year -5.0%+9.8%+15.4% +23.5%
5 years -52.5%-89.1%+28.2% +68.2%
5 years, per year -13.8%-35.9%+5.1% +11.0%
10 years -22.1%+72.0%+229.6% +263.4%
10 years, per year -2.5%+5.6%+12.7% +13.8%

Risk

MeasureIPGPKRNTNDSNSPY
Volatility, 1Y 72.0%43.5%22.2% 12.7%
Downside volatility, 1Y 77.7%40.0%21.3% 12.7%
Beta vs S&P 500, 1Y 2.151.520.88 1.00
Return / volatility, 1Y -0.180.571.74 0.98
Max drawdown, 5Y -72.0%-93.0%-39.9% -25.4%
From 52-week high -50.9%-0.9%-2.6% -0.9%
52-week high $153.91$18.31$334.70 $779.14
52-week low $69.41$12.31$226.69 $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.

MultipleIPGPKRNTNDSN
P/E now vs peer median 116.4xmedian 25.4x -40.4xmedian 25.4x 32.7xmedian 25.4x
P/S now vs peer median 3.0xmedian 1.9x 3.9xmedian 1.9x 6.1xmedian 1.9x
EV/EBITDA now vs peer median 31.2xmedian 14.3x -17.0xmedian 14.3x 21.3xmedian 14.3x
P/FCF now vs peer median 154.5xmedian 21.8x 31.5xmedian 21.8x 25.1xmedian 21.8x
P/B now vs peer median 1.5xmedian 2.2x 1.3xmedian 2.2x 5.6xmedian 2.2x
PEG now vs peer median -3.43median 1.41 -1.10median 1.41 7.43median 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 monthsIPGPKRNTNDSN
Revenue $1.07B $215.85M $2.98B
Gross profit $410.10M $97.83M $1.65B
Operating income $7.97M -$40.02M $800.96M
Net income $27.56M -$20.32M $555.18M
Free cash flow $20.80M $26.70M $724.01M
R&D $123.44M $20.41M –
EPS (diluted) $0.64 $-0.45 $9.91
Cash & equivalents $399.23M $33.81M $113.43M
Total debt – – $1.73B
Shares (diluted) 42.91M 45.24M 56.03M
Enterprise value -$181.36M -$702.66M $17.71B

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
MetricIPGPKRNTNDSN
P/E 116.4x -40.4x 32.7x
P/FCF 154.5x 31.5x 25.1x
P/Operating cash flow 33.3x 28.2x 23.5x
P/S 3.0x 3.9x 6.1x
P/B 1.5x 1.3x 5.6x
P/Tangible book 1.5x 1.3x 6.9x
EV/EBITDA 31.2x -17.0x 21.3x
EV/EBIT 293.8x -11.7x 24.7x
EV/Revenue 2.2x 2.2x 6.6x
EV/FCF 112.6x 17.5x 27.3x
EV/Operating cash flow 24.3x 15.7x 25.6x
PEG (3Y EPS CAGR) -3.43 -1.10 7.43

Growth

14 metrics
MetricIPGPKRNTNDSN
Revenue growth (1Y) 13.0% 4.0% 7.0%
Revenue CAGR (3Y) -7.9% -2.7% 4.7%
Gross profit growth (1Y) 25.1% -1.6% 8.4%
Gross profit CAGR (3Y) -6.8% 9.5% 5.5%
Operating income growth (1Y) 103.4% -28.0% 18.4%
Operating income CAGR (3Y) -62.6% 21.6% 6.4%
Net income growth (1Y) 112.8% -80.4% 22.0%
Net income CAGR (3Y) -36.2% 38.6% 3.5%
EPS growth (1Y) 112.7% -89.3% 23.5%
EPS CAGR (3Y) -34.0% 36.6% 4.4%
Operating cash flow growth (1Y) -36.2% -40.1% 26.2%
Operating cash flow CAGR (3Y) -24.2% 33.9% 5.9%
Free cash flow growth (1Y) -67.8% -41.6% 33.3%
Free cash flow CAGR (3Y) -43.0% 34.6% 5.6%

Profitability

14 metrics
MetricIPGPKRNTNDSN
Gross margin 38.4% 45.3% 55.3%
EBITDA margin 7.0% -12.7% 31.2%
Operating margin 0.7% -18.5% 26.9%
Pretax margin 3.7% -9.0% 22.6%
Net margin 2.6% -9.4% 18.6%
FCF margin 1.9% 12.4% 24.3%
Operating cash flow margin 9.0% 13.8% 26.0%
Return on equity 1.3% -3.0% 17.2%
Return on assets 1.1% -2.7% 9.3%
Return on invested capital – – 13.1%
Return on capital employed 0.4% -5.9% 15.3%
Asset turnover 0.4x 0.3x 0.5x
Cash conversion (OCF / net income) 3.5x -1.5x 1.4x
Stock comp / revenue 3.9% 9.6% 0.8%

Financial Health

11 metrics
MetricIPGPKRNTNDSN
Debt / assets – – 29.1%
Debt / equity – – 0.5x
Net debt / EBITDA – – 1.7x
Debt / FCF – – 2.4x
Liabilities / assets 12.3% 11.4% 45.0%
Equity / assets 87.7% 88.6% 55.0%
Interest coverage – – 8.8x
Current ratio 6.2x 8.8x 1.8x
Quick ratio 4.4x 6.6x 1.0x
Cash ratio 3.6x 5.7x 0.2x
Altman Z-score 9.08 – 6.28

Shareholder Returns

7 metrics
MetricIPGPKRNTNDSN
Dividend yield – – 1.0%
Net buyback yield 4.1% -4.6% 1.1%
Shareholder yield 4.1% -4.6% 2.1%
Payout ratio (earnings) – – 33.0%
Payout ratio (FCF) – – 25.3%
Dividend growth (1Y) – – 3.3%
Dividend CAGR (3Y) – – 7.2%

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.

ConsensusIPGPKRNTNDSN
Forward P/E 71.9xFY2026 90.7xFY2026 29.3xFY2026
EPS, next fiscal year $1.05FY2026 $0.20FY2026 $11.14FY2026
EPS growth, next FY +43.8%FY2026 -35.5%FY2026 +8.8%FY2026
EPS growth, the year after +109.5% +50.0% +21.5%
Revenue, next fiscal year $1.18BFY2026 $229.31MFY2026 $3.19BFY2026
Revenue growth, next FY +18.1%FY2026 +10.1%FY2026 +14.3%FY2026
Revenue growth, the year after +7.7% +0.8% +5.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIPGPKRNTNDSN
Held by institutions 71.5% 90.9% 76.0%
Institutions holding 356 118 755
Change in shares held, QoQ +4.7% -3.9% +3.1%
Institutions buying 214 65 389
Institutions selling 96 35 240
Buyers to sellers 2.23 1.86 1.62

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.

IPGPKRNTNDSN
IPGP 1.00 0.22 0.31
KRNT 0.22 1.00 0.28
NDSN 0.31 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IPGP, KRNT and NDSN?

Nordson (NDSN) is the largest by market capitalisation: Ipg Photonics (IPGP) $3.21B, Kornit Digital (KRNT) $840.18M, Nordson (NDSN) $18.16B.

Which stock is cheaper, IPGP, KRNT and NDSN?

Nordson (NDSN) trades on the lowest price-to-earnings ratio (Ipg Photonics (IPGP) 116.4x, Kornit Digital (KRNT) -40.4x, Nordson (NDSN) 32.7x). On next year's consensus earnings, Nordson (NDSN) is cheapest (Ipg Photonics (IPGP) 71.9x, Kornit Digital (KRNT) 90.7x, Nordson (NDSN) 29.3x). 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%, Kornit Digital (KRNT) +4.0%, Nordson (NDSN) +7.0%.

Which company is more profitable?

Nordson (NDSN) has the highest net margin (Ipg Photonics (IPGP) 2.6%, Kornit Digital (KRNT) -9.4%, Nordson (NDSN) 18.6%).

Which stock has performed better?

Over the past year Nordson (NDSN) returned the most: Ipg Photonics (IPGP) -13.2%, Kornit Digital (KRNT) +24.8%, Nordson (NDSN) +38.5%. Over five years, Nordson (NDSN) compounded fastest (Ipg Photonics (IPGP) -13.8%/yr, Kornit Digital (KRNT) -35.9%/yr, Nordson (NDSN) +5.1%/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%, Nordson (NDSN) 1.04%. Ipg Photonics (IPGP) and Kornit Digital (KRNT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Nordson (NDSN) has been the steadiest (Ipg Photonics (IPGP) 72.0%, Kornit Digital (KRNT) 43.5%, Nordson (NDSN) 22.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IPGP, KRNT and NDSN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nordson (NDSN) leads on 7. 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.