Stocktoria

Lumentum Holdings Inc. LITE

Nasdaq · stock · Communications Equipment, NEC · website · IPO 2015-07-23 · LEI

Lumentum Holdings Inc. statistics & valuation

Market cap$63.6B
P / S21.1×
P / B13.7×
P / FCF211.8×
Net margin-230.1%
Return on equity-149.3%
FCF margin10.0%
Net cash$2.0B
Net debt / EBITDA-3.1×
Enterprise value USD$61.6B
EV / EBITDA94.2×
Earnings yield EBIT/EV0.9%
Return on capital10.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-10.20% 19.90% -2.30% 8.10% 22.80% 11.60% -7.40% -40.20% 1.60% -230.10% 2017201820192020202120222023202420252026
Gross margin (%)
31.80% 34.60% 27.20% 38.70% 44.90% 46.00% 32.20% 18.50% 28.00% 41.70% 2017201820192020202120222023202420252026
Operating margin (%)
4.80% 11.20% -1.40% 12.20% 30.20% 17.70% -6.50% -31.90% -10.90% 17.40% 2017201820192020202120222023202420252026
Return on equity (%)
-16.60% 26.80% -2.40% 7.70% 20.10% 10.60% -9.70% -57.10% 2.30% -149.30% 2017201820192020202120222023202420252026
Shares outstanding
61.5M 63.3M 76.7M 77.6M 78.4M 74.2M 68.3M 67.9M 69.8M 88.6M 2017201820192020202120222023202420252026
Net debt ($)
$184.4M $59.4M $1.24B $758.0M $1.12B $2.07B $2.04B -$2.00B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
-8.30% 15.70% -1.30% 4.10% 11.20% 4.80% -2.80% -13.90% 0.60% -94.90% 2017201820192020202120222023202420252026
Free cash flow margin (%)
-5.30% 12.40% 10.50% 26.10% 37.50% 21.50% 2.90% -8.00% -6.40% 10.00% 2017201820192020202120222023202420252026
Debt / equity (×)
0.74× 0.49× 0.88× 0.78× 1.29× 2.61× 2.26× 0.01× 2017201820192020202120222023202420252026
EPS ($)
-$1.71 $3.82 -$0.54 $1.75 $5.07 $2.68 -$1.93 -$8.12 $0.37 -$92.96 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Lumentum Holdings Inc. trades at about 2545× earnings — above its 10-year norm (10-year range 13.7×–297.5×, median 33.8×).

13.7× 2545×

Shaded band = 10-year range (13.7×–297.5×); dot = today's 2545×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin41.7%28.0%18.5%32.2%46.0%44.9%38.7%27.2%34.6%31.8%
Operating margin17.4%-10.9%-31.9%-6.5%17.7%30.2%12.2%-1.4%11.2%4.8%
Net margin-230.1%1.6%-40.2%-7.4%11.6%22.8%8.1%-2.3%19.9%-10.2%
FCF margin10.0%-6.4%-8.0%2.9%21.5%37.5%26.1%10.5%12.4%-5.3%
Return on assets-94.9%0.6%-13.9%-2.8%4.8%11.2%4.1%-1.3%15.7%-8.3%
Return on equity-149.3%2.3%-57.1%-9.7%10.6%20.1%7.7%-2.4%26.8%-16.6%
Debt / equity0.01×2.26×2.61×—1.29×0.78×0.88×—0.49×0.74×
Current ratio1.684.375.904.384.383.677.244.535.275.05

Computed from company filings · US · as of 2025-06-28. Facts plus Stocktoria's own computed scores — not investment advice.