Ambiq Micro, Inc. (AMBQ) vs nLight (LASR)

Ambiq Micro, Inc. and nLight are both Semiconductors companies. nLight is the larger, with a market value of $2.4B against $1.7B — 1.4× the size. nLight grew revenue faster over the last twelve months: 43.2% against 32.0%. nLight has the higher net margin (−4.02% vs −37.8%) and the higher return on invested capital (−9.70% vs −70.0%). Across the 16 metrics below, nLight leads on 11 and Ambiq Micro, Inc. on 5.

Valuation

Metric AMBQ LASR Semiconductors median
P/E n/m n/m 49.41
P/S 15.50 7.40 8.58
P/B 3.75 5.23 5.49
Price to free cash flow n/m 54.80 47.02
EV/EBITDA n/m n/m 30.78
EV/Sales 11.76 6.41 8.79
Earnings yield (3.04%) (0.62%) 0.62%
Free cash flow yield (2.64%) 1.82% 0.59%

Profitability

Metric AMBQ LASR Semiconductors median
Gross margin 43.62% 31.52% 52.25%
Operating margin (43.34%) (5.47%) 4.85%
Net margin (37.77%) (4.02%) 4.77%
Free cash flow margin (40.89%) 13.50% 8.65%
Return on equity (75.94%) (3.80%) 3.11%
Return on assets (14.09%) (3.07%) 1.91%
Return on invested capital (69.96%) (9.70%) 2.46%

Growth

Metric AMBQ LASR Semiconductors median
Revenue growth (TTM) 32.04% 43.24% 16.66%
EPS growth (last fiscal year) 95.98% 62.99% —
Revenue growth, 5-year CAGR — 3.24% 5.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AMBQ LASR Semiconductors median
Debt to equity 0.00 0.00 0.05
Current ratio 15.95 8.17 3.35
Net debt to EBITDA 4.34 10.87 0.58

Dividend

Metric AMBQ LASR Semiconductors median
Dividend yield — — 1.93%
Payout ratio — 0.00 0.00

Size

Metric AMBQ LASR Semiconductors median
Market cap 1.68b 2.37b 5.67b

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