IPGP vs. KLAC

Last updated Apr 1, 2026

Compare and contrast key facts about IPG Photonics Corporation (IPGP) and KLA Corporation (KLAC).

Performance

IPGP vs. KLAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IPG Photonics Corporation (IPGP) and KLA Corporation (KLAC). The values are adjusted to include any dividend payments, if applicable.

IPGP vs. KLAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPGP IPG Photonics Corporation	60.04%	-1.54%	-33.00%	14.65%	-45.00%	-23.08%	54.42%	27.92%	-47.09%	116.93%
KLAC KLA Corporation	21.34%	94.48%	9.36%	56.05%	-11.20%	68.05%	47.94%	103.99%	-12.49%	36.80%

Fundamentals

Market Cap IPGP : $4.88B KLAC : $194.66B
EPS IPGP : $0.73 KLAC : $34.42
PE Ratio IPGP : 156.93 KLAC : 42.78
PEG Ratio IPGP : 13.99 KLAC : 1.60
PS Ratio IPGP : 4.86 KLAC : 15.30
PB Ratio IPGP : 2.29 KLAC : 35.61
Total Revenue (TTM) IPGP : $1.00B KLAC : $12.74B
Gross Profit (TTM) IPGP : $381.46M KLAC : $7.89B
EBITDA (TTM) IPGP : $95.78M KLAC : $5.71B

Returns By Period

In the year-to-date period, IPGP achieves a 60.04% return, which is significantly higher than KLAC's 21.34% return. Over the past 10 years, IPGP has underperformed KLAC with an annualized return of 1.79%, while KLAC has yielded a comparatively higher 37.36% annualized return.

IPGP

• 1D: 6.41%
• 1M: -12.91%
• YTD: 60.04%
• 6M: 44.70%
• 1Y: 81.49%
• 3Y*: -2.42%
• 5Y*: -12.05%
• 10Y*: 1.79%

KLAC

• 1D: 6.50%
• 1M: -3.42%
• YTD: 21.34%
• 6M: 36.92%
• 1Y: 118.24%
• 3Y*: 55.93%
• 5Y*: 34.90%
• 10Y*: 37.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IPGP vs. KLAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IPGP

IPGP Risk / Return Rank: 82
IPGP Sharpe Ratio Rank: 81
IPGP Sortino Ratio Rank: 80
IPGP Omega Ratio Rank: 81
IPGP Calmar Ratio Rank: 82
IPGP Martin Ratio Rank: 84

KLAC

KLAC Risk / Return Rank: 93
KLAC Sharpe Ratio Rank: 94
KLAC Sortino Ratio Rank: 89
KLAC Omega Ratio Rank: 91
KLAC Calmar Ratio Rank: 95
KLAC Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPGP vs. KLAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IPG Photonics Corporation (IPGP) and KLA Corporation (KLAC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IPGP	KLAC	Difference
Sharpe ratio Return per unit of total volatility	1.31	2.41	-1.11
Sortino ratio Return per unit of downside risk	2.10	2.74	-0.64
Omega ratio Gain probability vs. loss probability	1.29	1.40	-0.11
Calmar ratio Return relative to maximum drawdown	2.53	5.37	-2.84
Martin ratio Return relative to average drawdown	7.29	17.17	-9.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPGP vs. KLAC - Sharpe Ratio Comparison

The current IPGP Sharpe Ratio is 1.31, which is lower than the KLAC Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of IPGP and KLAC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IPGP	KLAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.41	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	0.82	-1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.92	-0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.43	-0.25

Correlation

The correlation between IPGP and KLAC is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IPGP vs. KLAC - Dividend Comparison

IPGP has not paid dividends to shareholders, while KLAC's dividend yield for the trailing twelve months is around 0.52%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPGP IPG Photonics Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KLAC KLA Corporation	0.52%	0.61%	0.96%	0.92%	1.25%	0.91%	1.35%	1.74%	3.17%	2.15%	2.67%	2.94%

Drawdowns

IPGP vs. KLAC - Drawdown Comparison

The maximum IPGP drawdown since its inception was -81.13%, roughly equal to the maximum KLAC drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for IPGP and KLAC.

Drawdown Indicators

	IPGP	KLAC	Difference
Max Drawdown Largest peak-to-trough decline	-81.13%	-83.74%	+2.61%
Max Drawdown (1Y) Largest decline over 1 year	-30.03%	-22.41%	-7.62%
Max Drawdown (5Y) Largest decline over 5 years	-79.19%	-40.28%	-38.91%
Max Drawdown (10Y) Largest decline over 10 years	-81.13%	-40.28%	-40.85%
Current Drawdown Current decline from peak	-56.49%	-12.49%	-44.00%
Average Drawdown Average peak-to-trough decline	-34.18%	-29.47%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.41%	7.00%	+3.41%

Volatility

IPGP vs. KLAC - Volatility Comparison

IPG Photonics Corporation (IPGP) has a higher volatility of 20.76% compared to KLA Corporation (KLAC) at 17.00%. This indicates that IPGP's price experiences larger fluctuations and is considered to be riskier than KLAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPGP	KLAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.76%	17.00%	+3.76%
Volatility (6M) Calculated over the trailing 6-month period	48.79%	37.03%	+11.76%
Volatility (1Y) Calculated over the trailing 1-year period	62.82%	49.32%	+13.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.01%	42.63%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.99%	40.93%	+3.06%

Financials

IPGP vs. KLAC - Profitability Comparison

The chart below illustrates the profitability comparison between IPG Photonics Corporation and KLA Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IPGP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, IPG Photonics Corporation reported a gross profit of 99.07M and revenue of 274.47M. Therefore, the gross margin over that period was 36.1%.

KLAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, KLA Corporation reported a gross profit of 2.03B and revenue of 3.30B. Therefore, the gross margin over that period was 61.5%.

IPGP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, IPG Photonics Corporation reported an operating income of 3.32M and revenue of 274.47M, resulting in an operating margin of 1.2%.

KLAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, KLA Corporation reported an operating income of 1.36B and revenue of 3.30B, resulting in an operating margin of 41.3%.

IPGP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, IPG Photonics Corporation reported a net income of 13.27M and revenue of 274.47M, resulting in a net margin of 4.8%.

KLAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, KLA Corporation reported a net income of 1.15B and revenue of 3.30B, resulting in a net margin of 34.8%.