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← CockpitCompetitor Analysis › IP.MI Interpump Group S.p.A.Open in the cockpit ↗

Interpump Group S.p.A.IP.MICompetitor analysis, valuation and peers

Italy · EUR·Industrials›Industrial Machinery

Italian maker of high-pressure water pumps and hydraulic components used in industrial cleaning, agricultural and construction equipment.

≈ An Italian niche hydraulics/pump maker like a smaller Parker Hannifin segmentMomentum strong 70
Mkt cap
$4.57B
US dollars, full cap
Free float
70%
of shares outstanding
$/day
$5.69M
20-day average traded
Fwd P/E
16.8×
forward earnings
ROIC−WACC
-2.4 pp
WACC 10.9%
Hurdle
+3 pp
Req g minus delivered
Next earnings
7 days
13 Nov 2026
Close · EUR€38.24
1D-0.8%
1W+2.3%
1M+8.7%
3M+1.9%
6M+3.1%
YTD-18.3%
1Y-9.7%
ATR %2.9%
52w lowhigh25.5% off high

What Interpump does

Italian maker of high-pressure water pumps and hydraulic components used in industrial cleaning, agricultural and construction equipment.

Sells components that other manufacturers build into their own machines, such as pressure-washer and agricultural equipment makers, so volume follows equipment makers' production cycles; the hydraulics side serves mobile machinery. Buying small niche manufacturers has been the main way it expanded.

In one line: An Italian niche hydraulics/pump maker like a smaller Parker Hannifin segment.

Products and services

  • High-pressure plunger pumps
  • Hydraulic cylinders & PTOs
  • Industrial cleaning equipment

Customers

  • Industrial cleaning equipment makers
  • Agricultural machinery OEMs
  • Construction equipment OEMs

Where it sits in the supply chain

  • Industrials
  • Industrial machinery
  • High-pressure pumps & hydraulic…

What could go right

  • Industrial/agricultural equipment demand growth
  • Continued bolt-on M&A

What could go wrong

  • Industrial capex cyclicality
  • Integration risk from frequent acquisitions

Moat: narrow (scale, brand, process know-how). Leading global positions in niche high-pressure pump and hydraulics categories built through decades of bolt-on acquisitions.

Headquarters: Sant'Ilario d'Enza, Italy · Founded: 1977

Named competitors

Interpump at a glance

Size Interpump (IP.MI) is an Italy Industrials company (Industrial Machinery) with a market value of $4.57B, the 48th largest of 123 Italy companies the cockpit tracks. Shares closed at €38.24 on 6 Nov 2026.

Performance Over six months the shares gained 3.1%, against -17.9% for the median peer and +3.1% for the Italy market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 1.0% over the last twelve months (peer median +11.1%); the operating margin is 14.0% (peer median 11.6%).

Valuation It trades at 16.8× forward earnings against a peer median of 17.9× (7th cheapest of 16).

Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 2.4 points below its cost of capital (10.9% WACC).

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026IP.MI 113Peer median 83
Six months, rebased to 100: Interpump against the median of its 20 peers (local-currency closes).

Interpump financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€2.08B€2.07B€2.08B€2.24B€2.08B
Revenue growth—0%-7%+8%—
Gross profit€718M€700M€684M€753M€700M
EBITDA€415M€450M€446M€517M€471M
Net income€213M€208M€227M€274M€266M
Free cash flow€269M€249M€235M€175M€79.5M
Capital expenditure€88.9M€101M€138M€168M€133M
Total debt€675M€707M€802M€821M€900M

Quarterly statements and history in the cockpit →

Interpump competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-50%-25%0%+25%277810RSW688630ALH603699300776603298AAON98800369306856002131XE6465GILFELEKGX6113ESABIP.MI6-month return →1-month return →
Up and to the right = strong over both horizons. Interpump is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×200×400×600×277810RSW688630ALH300776AAON036930IP.MIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Interpump is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%RSW688630ALH60369930077660329868566465GILIP.MIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Interpump is the large dot.

Interpump competitors and peer comparison

Head to head with its named competitors (IP.MI vs PH vs BUCN.SW vs IR)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Interpump IP.MI$4.57B+3%+1%14%16.8×12.6%
Parker Hannifin PH$116B+4%+8%22%24.4×19.0%
Bucher Industries BUCN.SW$3.93B+4%-4%7%19.1×-2.9%
Ingersoll Rand IR$31.9B+10%+8%19%21.8×17.3%

How Interpump compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Interpump against its 20 peers (data as of 6 Nov 2026)
MeasureIP.MIPeer medianRank in peer set
1-month return+8.7%-15.0%3rd highest of 21
6-month return+3.1%-17.9%3rd highest of 20
Distance from 52-week high-25.5%-40.1%7th highest of 21
Revenue growth (TTM)+1.0%+11.1%4th lowest of 21
Operating margin14.0%11.6%8th highest of 21
Forward P/E16.8×17.9×7th cheapest of 16
Growth the price implies (Req g, 7 yrs)12.6%11.2%6th most demanding of 13
Growth delivered (Del g)+9.9%+11.6%6th lowest of 13
Hurdle (Req g minus delivered)+2.7 pp+1.5 pp7th least demanding of 13
ROIC minus cost of capital-2.4 pp-1.2 pp10th lowest of 21
EV / EBITDA10.6×12.8×5th cheapest of 11
Net debt / EBITDA0.7×-0.1×6th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Interpump IP.MIItaly$4.57B+3%+1%14%16.8×12.6%+9.9%
Rainbow Robotics 277810.KSSouth Korea$4.59B-52%+92%-16%653.8×n/an/a
Renishaw RSW.LUnited Kingdom$4.61B-7%+14%16%18.5×24.8%+7.5%
Circuit Fabology Microelectronics Equipment 688630.SSChina$4.50B-12%+93%27%51.5×39.4%+35.4%
Alliance Laundry ALHUnited States$4.49B-11%+10%19%16.4×15.2%+7.5%
Neway Valve (Suzhou) 603699.SSChina$4.66B-36%+11%26%17.9×10.0%+16.5%
Wuhan DR Laser Technology 300776.SZChina$4.69B-24%-23%19%37.9×51.8%+13.6%
Hangcha 603298.SSChina$4.71B-12%+7%12%13.3×2.9%+9.1%
AAON AAONUnited States$4.72B-59%+54%11%20.7×n/an/a
UBTECH ROBOTICS 9880.HKHong Kong$4.73B-41%+90%-21%n/an/an/a
Jusung Engineering 036930.KSSouth Korea$4.39B+5%-33%0%145.3×n/an/a
Horiba 6856.TJapan$4.79B-17%+12%17%14.4×11.2%+12.2%
Leo 002131.SZChina$4.33B-34%+10%-1%n/an/an/a
X-Energy XEUnited States$4.24B-65%-9%-156%n/an/an/a
HOSHIZAKI 6465.TJapan$4.93B+5%+12%10%17.8×-4.5%+15.3%
DMG MORI Aktiengesellschaft GIL.DEGermany$4.17B0%+3%5%n/a11.3%+2.7%
Franklin Electric FELEUnited States$4.16B-5%+7%13%18.0×9.2%+11.3%
Jiangsu Gao Kai Precision Fluid 688835.SSChina$4.15Bn/a+21%24%n/an/an/a
Kion KGX.DEGermany$5.05B-25%+3%6%10.4×n/an/a
Amada 6113.TJapan$4.10B-20%+18%10%15.9×8.7%+11.8%
ESAB ESABUnited States$5.15B-18%+11%13%14.0×12.7%+7.8%

Questions

Who are Interpump's main competitors?
Named competitors: Parker Hannifin (PH), Danfoss (private) (private or unlisted), Bosch Rexroth (private) (private or unlisted), Bucher Industries (BUCN.SW), Nilfisk (private or unlisted), Ingersoll Rand (IR). The cockpit's measured peer set (industry) also includes Rainbow Robotics (277810.KS), Renishaw (RSW.L), Circuit Fabology Microelectronics Equipment (688630.SS), Alliance Laundry (ALH), Neway Valve (Suzhou) (603699.SS), Wuhan DR Laser Technology (300776.SZ).
Is Interpump expensive compared with its peers?
On forward p/e it trades at 16.8× against a peer median of 17.9×, 7th cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Interpump stock performed?
Over six months to 6 Nov 2026 the shares returned +3.1% against -17.9% for the median peer; over one year -9.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.