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) Return on invested capital

Alert me on Return on invested capital

nLight's return on invested capital over the twelve months to 30 September 2026 was −8.99%, up 8.8 percentage points from fiscal 2025 (−17.8%). Over the past ten years it has ranged from −35.5% (fiscal 2024) to 15.6% (fiscal 2018); the current reading is higher than 40% of that period. That is below the Semiconductors industry median of 2.28% and below the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 −17.8% 17.63
FY2024 −35.5% (14.80)
FY2023 −20.7% 0.53
FY2022 −21.2% (9.04)
FY2021 −12.1% (0.99)
FY2020 −11.2% (4.92)
FY2019 −6.23% (21.82)
FY2018 15.6% 1.03
FY2017 14.6% 30.84
FY2016 −16.3% —

Against its own ten years

Low −35.5% High 15.6%
Ten-year median −14.2%
Current reading's percentile 40

Return on invested capital against peers

Company Return on invested capital
HIMX Himax Technologies, Inc. compare 5.92%
POWI Power Integrations, Inc. compare 5.84%
IMOS Chipmos Technologies compare 5.50%
VSH Vishay Intertechnology, Inc. compare 4.49%
DIOD Diodes Incorporated compare 4.38%
WOLF Wolfspeed, Inc. compare 0.00%
SYNA Synaptics Incorporated compare −2.55%
LASR nLight −8.99%
NVTS Navitas Semiconductor Corporation compare −34.0%
Semiconductors industry median 2.28%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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