Frontierby eninvs

Language: EN · RU

← Region

Lumentum Holdings Inc. (LITE) USD

At a glance: strengths & risks
✓Revenue growing (+21%)✓Margins improving (-13%→4%)✗High leverage (23.6x EBITDA)

Sector: United States — large cap (SEC filings)

US_LITE

Price chart

926.14 USDDay 5.19%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
926.14 USD · 5.19%
Market cap
64.5 bn USD

Growth

Δ revenue y/y
109.3%
Δ EBITDA y/y
430.0%

Multiples

P/E (LTM)
—
P/B (FY)
—
P/E (ann.)
<0
EV/EBITDA (LTM)
94.4x
EV/EBITDA (ann.)
60.7x

Cash return

Dividend yield
—
FCF yield (LTM)
3.8%

Value creation

fundamental value/yr, % of market cap
Value created / year
-14.3%
↓ details

Liquidity

Daily turnover (US listing)
3.9 bln USD

Shares: yahoo_fundamentals_timeseries/LITE

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-27Q2 2026 (3M)PARTIAL1006.3
y/y —
279.3
y/y —
—
y/y —
279.3
y/y —
-7161.7
y/y —
———
y/y —
—
y/y —
—≈ 3360.6—
2026-03-28Q1 2026 (3M)OK808.4
y/y 90.1%
174.5
y/y —
66.6
y/y 12.1%
241.1
y/y 1011.1%
144.2
y/y —
203.8-124.77027.9
y/y 76.8%
2973.4
y/y 238.1%
10.1%3360.6Link
2025-12-27Q4 2025 (3M)OK665.5
y/y 65.5%
64.3
y/y —
64.6
y/y -0.5%
128.9
y/y 869.2%
78.2
y/y —
126.7-83.64805.3
y/y 21.2%
846.6
y/y -2.9%
38.4%5384.9Link
2025-09-27Q3 2025 (3M)OK533.8
y/y 58.4%
6.7
y/y —
62.2
y/y -9.5%
68.9
y/y —
4.2
y/y —
57.9-76.24613.1
y/y 16.2%
780.8
y/y -12.8%
1.8%3237.4Link
2025-06-28Q2 2025 (3M)OK480.7
y/y 55.9%
-8.4
y/y 93.7%
61.0
y/y -13.0%
52.6
y/y 183.1%
213.3
y/y 184.5%
64.0-53.94218.7
y/y 7.3%
1134.7
y/y 18.5%
2.6%1741.7Link
2025-03-29Q1 2025 (3M)OK425.2
y/y 16.0%
-37.7
y/y —
59.4
y/y -14.0%
21.7
y/y —
-44.1
y/y —
-1.6-62.83975.0
y/y -5.5%
879.5
y/y -25.3%
-6.7%1753.4Link
2024-12-28Q4 2024 (3M)OK402.2
y/y 9.7%
-51.6
y/y —
64.9
y/y 0.2%
13.3
y/y —
-60.9
y/y —
24.3-40.23966.1
y/y -14.8%
872.3
y/y -31.7%
-27.6%1711.6Link
2024-09-28Q3 2024 (3M)OK336.9
y/y 6.1%
-82.4
y/y —
68.7
y/y 20.1%
-13.7
y/y —
-82.4
y/y —
39.6-74.13969.6
y/y -12.7%
895.9
y/y -31.7%
-35.6%1705.6Link
2024-06-29Q2 2024 (3M)OK308.3
y/y —
-133.4
y/y —
70.1
y/y —
-63.3
y/y —
-252.5
y/y —
35.5-725.53931.9
y/y -15.1%
957.3
y/y -29.4%
-51.2%1672.6Link
2024-03-30Q1 2024 (3M)OK366.5
y/y -4.4%
-114.6
y/y —
69.1
y/y 19.8%
-45.5
y/y -822.2%
-127.0
y/y —
-7.0-19.64204.5
y/y -3.4%
1176.7
y/y -23.5%
-13.8%-857.1Link
2023-12-30Q4 2023 (3M)OK366.8
y/y —
-105.2
y/y —
64.8
y/y —
-40.4
y/y —
-99.1
y/y —
-1.5-31.04656.0
y/y —
1277.8
y/y —
-30.6%-1209.5Link
2023-09-30Q3 2023 (3M)OK317.6
y/y —
-80.8
y/y —
57.2
y/y —
-23.6
y/y —
-67.9
y/y —
-2.3-57.84545.0
y/y —
1310.8
y/y —
-20.4%-1932.4Link
2023-07-01FY 2023 (12M)OK—
y/y —
—
y/y —
—
y/y —
—
y/y —
—
y/y —
——4632.1
y/y —
1355.8
y/y —
-9.1%-1951.5Link
2023-04-01Q2 2023 (3M)OK383.4
y/y —
-51.4
y/y —
57.7
y/y —
6.3
y/y —
-39.3
y/y —
14.9-29.44354.0
y/y —
1538.0
y/y —
—727.3Link

Net debt structure (leases included, IFRS 16) 2026-03-28

Short-term debt (incl. ST leases)6 490
Long-term debt (incl. LT leases)43
− Cash & equivalents2 618
Net debt3 915

Net debt / LTM EBITDA: 5.5x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-25002505007501 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%200%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-400-20002002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-2 00002 0004 0006 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 2.31x of reported net profit; after capex, 1.65x. Loss years (2023, 2024) are left out of the ratio.
year20212022202320242025
cash flow / profit1.86x2.31x——4.88x
accruals, % of assets-9.6%-6.3%-6.7%-14.5%-2.4%
net debt / EBITDA 23.6x · EBIT covers interest -8.1x · capex 0.6x of depreciation · share count -2.9% a year
● Net debt / EBITDA 23.6x at the last full year.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -14.3%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
83
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (64 459 + 3 361) ÷ 156
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (30.0 + 12) ÷ 2
21.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -1 532 + 0 + 0 − 0
-1 532
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 14.6% × 64 459
−9 438
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (83 × 21.0 + -1 532 − 9 438) ÷ 64 459
-14.3%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • LTM EBITDA = FY2024 + Q12025 - Q12024 (cumulative-YTD reporter); ΔEBITDA vs prior full year
  • cash flow = net-debt reduction + dividends + buybacks (balance method)
  • share-count dilution 14.6%/yr (valued at market: -9438)

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +21% vs -23% the year before — a +44.1 pp move. 3-year CAGR -1%.
revenue growth by year: 2023 +3% · 2024 -23% · 2025 +21%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 124.4x · 3-year average 113.4x

EV/EBITDA3-year 75th pct

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Lumentum Holdings Inc. (LITE) — from primary filings.

Supplies optical and photonic products for telecom, datacom, and 3D sensing.

Frequently asked questions

What is Lumentum Holdings Inc. (LITE)'s EV/EBITDA?
Lumentum Holdings Inc. (LITE) trades at 94.4x EV/EBITDA.
What is Lumentum Holdings Inc. (LITE)'s P/B ratio?
Lumentum Holdings Inc. (LITE) trades at a P/B of 56.8x.
What is Lumentum Holdings Inc. (LITE)'s return on equity (ROE)?
Lumentum Holdings Inc. (LITE)'s ROE is 10.1%.
What is Lumentum Holdings Inc. (LITE)'s market capitalization?
Lumentum Holdings Inc. (LITE)'s market cap is 64.5 bn USD.

See also: AI & Semiconductor Stocks by Valuation (2026): The Cheapest Ways to Own the AI Boom · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map