IPGP
IPG Photonics Corporation
IPGP has lower modeled downside risk, despite its lower overall score.
PLTR
Palantir Technologies Inc.
PLTR has the edge over IPGP overall, supported by stronger valuation and stronger fundamentals.
IPGP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
IPGP's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
IPGP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $19.24 | -73% |
| Forward | 35x | $70.86 | — |
| Fair | 47x | $43.25 | -39% |
| Current | 76x | $70.86 | — |
| Expensive | 111x | $103 | +46% |
Historical ranges are pointers, not guarantees.
IPGP's PE is in its expensive range at 76x. If earnings grow as analysts expect, today's price would be 35x next year's earnings, in its fair range.
PLTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 75x | $172 | — |
| Current | 120x | $172 | — |
| Cheap | 165x | $236 | +37% |
| Fair | 251x | $359 | +109% |
| Expensive | 452x | $646 | +277% |
Historical ranges are pointers, not guarantees.
PLTR has the edge over IPGP in the historical PE scenario, which offers more potential upside but is not a forecast.
IPGP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for IPGP, with profitability improving. However, they disagree widely on these estimates.
PLTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for PLTR, with profitability improving.
IPGP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.03 | +118% |
| Q3 2026 | $0.93 | +33% |
| Q2 2026 | $0.64 | +$5.45 |
| Q1 2026 | $0.68 | +$5.20 |
| Q4 2025 | $0.73 | +$4.82 |
| Q3 2025 | $0.70 | +$4.16 |
| Q2 2025 | -$4.81 | -259% |
| Q1 2025 | -$4.52 | -216% |
| Q4 2024 | -$4.09 | -188% |
IPGP's earnings per share have fallen from their peak: $0.93 over the past year, against $5.21 in early 2022.
PLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.30 | +61% |
| Q3 2026 | $1.43 | +240% |
| Q2 2026 | $1.17 | +290% |
| Q1 2026 | $0.89 | +287% |
| Q4 2025 | $0.63 | +232% |
| Q3 2025 | $0.42 | +110% |
| Q2 2025 | $0.30 | +76% |
| Q1 2025 | $0.23 | +92% |
| Q4 2024 | $0.19 | +111% |
PLTR has the edge over IPGP on earnings, with more consistent year-over-year improvement.
IPGP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $287.5M | +15% |
| Q2 2026 | $278.6M | +11% |
| Q1 2026 | $265.5M | +17% |
| Q4 2025 | $274.5M | +17% |
| Q3 2025 | $250.8M | +7.6% |
| Q2 2025 | $250.7M | -2.7% |
| Q1 2025 | $227.8M | -9.6% |
| Q4 2024 | $234.3M | -22% |
IPGP's revenue is recovering but still below its 2021 peak: $288M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.2% | +4.1 points |
| Q2 2026 | 1.6% | +1.6 points |
| Q1 2026 | -2.9% | -3.7 points |
| Q4 2025 | 1.2% | -4.7 points |
| Q3 2025 | 3.1% | +112 points |
| Q2 2025 | 0% | -4.6 points |
| Q1 2025 | 0.8% | -6.8 points |
| Q4 2024 | 6% | -3.7 points |
IPGP's operating margin was 7.2% last quarter, up 4.1 points from the same quarter a year ago.
PLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +96% |
| Q2 2026 | $1.9B | +93% |
| Q1 2026 | $1.6B | +85% |
| Q4 2025 | $1.4B | +70% |
| Q3 2025 | $1.2B | +63% |
| Q2 2025 | $1B | +48% |
| Q1 2025 | $883.9M | +39% |
| Q4 2024 | $827.5M | +36% |
PLTR has the edge over IPGP on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +14 points |
| Q2 2026 | 47% | +20 points |
| Q1 2026 | 46% | +26 points |
| Q4 2025 | 41% | +40 points |
| Q3 2025 | 33% | +18 points |
| Q2 2025 | 27% | +11 points |
| Q1 2025 | 20% | +7.2 points |
| Q4 2024 | 1.3% | -9.5 points |
PLTR has the edge over IPGP on profitability, with a higher operating margin.
IPGP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.8M | +98% |
| Q2 2026 | $17.1M | +$34.7M |
| Q1 2026 | -$21.8M | -$10.4M |
| Q4 2025 | $10.9M | -78% |
| Q3 2025 | $14.6M | -66% |
| Q2 2025 | -$17.6M | -160% |
| Q1 2025 | -$11.4M | -143% |
| Q4 2024 | $50.6M | -37% |
IPGP still generates free cash flow, though less than at its 2019 peak: $35M over the past year.
PLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +139% |
| Q2 2026 | $1.2B | +126% |
| Q1 2026 | $891.8M | +193% |
| Q4 2025 | $764M | +67% |
| Q3 2025 | $500.9M | +20% |
| Q2 2025 | $531.6M | +276% |
| Q1 2025 | $304.1M | +140% |
| Q4 2024 | $457.2M | +54% |
PLTR has the edge over IPGP on cash flow, with more consistent year-over-year improvement.
IPGP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -72.9K shares |
| 1 year | +0.7% | +284K shares |
| 3 years | -9.6% | -4.5M shares |
| 5 years | -20% | -11M shares |
| Available history | -20% | -11M shares |
IPGP has 43M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.6M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2024 | $57.3M |
| Q3 2024 | $74.5M |
| Q2 2024 | $122.4M |
| Q1 2024 | $89.6M |
| Q4 2023 | $64M |
PLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +5.2M shares |
| 1 year | +0.1% | +2.9M shares |
| 3 years | +11% | +248M shares |
| 5 years | +31% | +610M shares |
| Available history | +184% | +1.7B shares |
PLTR has the edge over IPGP on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $19.2M |
| Q3 2025 | $19.2M |
| Q2 2025 | $18.6M |
| Q1 2025 | $18M |
| Q4 2024 | $18.6M |
| Q3 2024 | $18.9M |
| Q2 2024 | $17.7M |
| Q1 2024 | $9M |
IPGP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -8.1x | Net Cash |
| Q2 2026 | -5.3x | Net Cash |
| Q1 2026 | -6.8x | Net Cash |
| Q4 2025 | -5.1x | Net Cash |
| Q3 2025 | -4.1x | Net Cash |
| Q2 2024 | -4.0x | Net Cash |
| Q1 2024 | -2.0x | Net Cash |
| Q4 2023 | -1.7x | Net Cash |
IPGP has the edge over PLTR on leverage, with a lower net debt burden relative to earnings.
PLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -6.1x | Net Cash |
PLTR has more cash than debt.
IPGP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 17.8 | Oversold |
IPGP's weekly RSI is 39 (neutral) and its Stochastic is 18 (oversold).
PLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 47.4 | Neutral |
PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).
IPGP PE vs Technology Sector
| Metric | IPGP | Sector median | Relative |
|---|---|---|---|
| PE | 76x | 28x | 173% above |
| PE % | 76 | 35 | 41 pts above |
IPGP has the edge over PLTR on valuation relative to its sector.
PLTR PE vs Technology Sector
| Metric | PLTR | Sector median | Relative |
|---|---|---|---|
| PE | 120x | 28x | 331% above |
| PE % | 1 | 38 | 37 pts below |
PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.
IPGP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $73.9 | 4.1% below |
| 20 week MA | $82.3 | 14% below |
| 50 week MA | $97.2 | 27% below |
| 100 week MA | $84.6 | 16% below |
| 200 week MA | $90.9 | 22% below |
IPGP is in a downtrend: it's below all five of its weekly moving averages, and 22% below its 200-week average.
PLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $185.8 | 7.6% below |
| 20 week MA | $167.6 | 2.4% above |
| 50 week MA | $157.1 | 9.2% above |
| 100 week MA | $143.8 | 19% above |
| 200 week MA | $83.3 | 106% above |
PLTR has the edge over IPGP on trend strength, trading above more of its moving averages.
IPGP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $143.9 | $221.0 | +54% |
| 2021 | $221.0 | $168.9 | -24% |
| 2022 | $168.9 | $92.9 | -45% |
| 2023 | $92.9 | $108.5 | +17% |
| 2024 | $108.5 | $73.4 | -32% |
| 2025 | $73.4 | $75.2 | +2.4% |
| 2026 YTD | $75.2 | $70.9 | -5.7% |
IPGP has the edge over PLTR on returns for 2026, with the stronger performance.
PLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.20 | $27.8 | +202% |
| 2021 | $27.8 | $18.9 | -32% |
| 2022 | $18.9 | $6.29 | -67% |
| 2023 | $6.29 | $17.2 | +173% |
| 2024 | $17.2 | $79.1 | +361% |
| 2025 | $79.1 | $188.7 | +139% |
| 2026 YTD | $188.7 | $171.6 | -9.1% |
PLTR's yearly returns have swung widely, from +361% in 2024 to −67% in 2022. It's down 9.1% so far in 2026.