nLight (LASR) vs Power Integrations, Inc. (POWI)

nLight and Power Integrations, Inc. are both Semiconductors companies. Power Integrations, Inc. is the larger, with a market value of $2.8B against $2.4B — 1.2× the size. nLight has negative trailing earnings, so its P/E is not meaningful; Power Integrations, Inc. trades at 114×. nLight grew revenue faster over the last twelve months: 43.2% against 1.56%. Power Integrations, Inc. has the higher net margin (5.58% vs −4.02%) and the higher return on invested capital (2.27% vs −9.70%). Across the 19 metrics below, Power Integrations, Inc. leads on 14 and nLight on 5.

Valuation

Metric LASR POWI Semiconductors median
P/E n/m 113.52 49.41
P/S 7.40 6.48 8.58
P/B 5.23 4.28 5.49
Price to free cash flow 54.80 37.36 47.02
EV/EBITDA n/m 64.92 30.78
EV/Sales 6.41 5.89 8.79
Earnings yield (0.62%) 0.88% 0.62%
Free cash flow yield 1.82% 2.68% 0.59%

Profitability

Metric LASR POWI Semiconductors median
Gross margin 31.52% 53.64% 52.25%
Operating margin (5.47%) 3.38% 4.85%
Net margin (4.02%) 5.58% 4.77%
Free cash flow margin 13.50% 17.62% 8.65%
Return on equity (3.80%) 3.62% 3.11%
Return on assets (3.07%) 3.18% 1.91%
Return on invested capital (9.70%) 2.27% 2.46%

Growth

Metric LASR POWI Semiconductors median
Revenue growth (TTM) 43.24% 1.56% 16.66%
EPS growth (last fiscal year) 62.99% (30.36%) —
Revenue growth, 5-year CAGR 3.24% (1.91%) 5.60%
Net income growth, 5-year CAGR 0.00% (20.86%) 0.00%

Health

Metric LASR POWI Semiconductors median
Debt to equity 0.00 0.00 0.05
Current ratio 8.17 7.07 3.35
Net debt to EBITDA 10.87 (6.73) 0.58

Dividend

Metric LASR POWI Semiconductors median
Dividend yield — 1.02% 1.93%
Payout ratio 0.00 0.47 0.00

Size

Metric LASR POWI Semiconductors median
Market cap 2.37b 2.84b 5.67b

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