nLight

LASR

Technology Semiconductors

nLight’s revenue for fiscal 2025 (year ended December 2025) was $261.3 million, up 31.6% from fiscal 2024.

Revenue
+10.5%
EPS
+14.3%
Free cash flow
−817.2%
Total debt
−88.2%

Quarter to September 2026, against a year earlier

41.54 1.52 −3.53%
Market cap
$2.5B
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
6/9
ROIC
−8.99%
Net debt / EBITDA
10.9×
Dividend safety
n/a

nLight (LASR) Operating margin

Alert me on Operating margin

nLight's operating margin over the twelve months to 30 September 2026 was −5.95%, up 4.2 percentage points from fiscal 2025 (−10.2%). Over the past ten years it has ranged from −33.1% (fiscal 2024) to 8.92% (fiscal 2018); the current reading is higher than 50% of that period. That is below the Semiconductors industry median of 7.30% and below the Technology sector median of 0.25%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −10.2% 22.90
FY2024 −33.1% (10.78)
FY2023 −22.3% 0.48
FY2022 −22.8% (11.57)
FY2021 −11.2% (1.74)
FY2020 −9.45% (3.84)
FY2019 −5.61% (14.53)
FY2018 8.92% 1.85
FY2017 7.07% 16.29
FY2016 −9.22% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −12.5% (8.18)
Jun 2026 −4.32% (3.42)
Mar 2026 −0.90% 5.76
Dec 2025 −6.66% 4.28
35 more quarters

Against its own ten years

Low −33.1% High 8.92%
Ten-year median −9.81%
Current reading's percentile 72

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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