Lumentum (LITE) Financials

$60.00 +1.23 (+2.09%)

Closing price 04/25/2025 04:00 PM Eastern

Extended Trading

$60.00 0.00 (0.00%)

As of 04/25/2025 07:57 PM Eastern

Annual Income Statements for Lumentum

This table shows Lumentum's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-3.40	-3.20	-103	242	-38	136	397	199	-132	-547
Consolidated Net Income / (Loss)	-3.40	9.30	-103	248	-36	136	397	199	-132	-547
Net Income / (Loss) Continuing Operations	-3.40	9.30	-103	248	-36	136	397	199	-132	-547
Total Pre-Tax Income	-25	9.70	-60	129	-33	174	463	235	-102	-406
Total Operating Income	-23	12	48	140	-22	204	527	303	-116	-434
Total Gross Profit	258	277	318	432	426	650	783	789	569	252
Total Revenue	837	903	1,002	1,248	1,565	1,679	1,743	1,713	1,767	1,359
Operating Revenue	837	903	1,002	1,248	1,565	1,679	1,743	1,713	1,767	1,359
Total Cost of Revenue	579	626	684	816	1,139	1,028	960	924	1,198	1,108
Operating Cost of Revenue	579	626	684	816	1,139	1,028	960	924	1,198	1,108
Total Operating Expenses	281	266	271	292	448	446	256	485	685	686
Selling, General & Admin Expense	129	117	110	128	200	235	241	266	349	311
Research & Development Expense	141	141	148	157	185	199	215	221	308	302
Restructuring Charge	12	7.40	12	7.20	32	8.00	7.70	-1.10	28	73
Total Other Income / (Expense), net	-1.10	-1.80	-107	-11	-12	-30	-64	-68	13	28
Interest Expense	-	-	5.50	18	36	61	67	80	36	34
Other Income / (Expense), net	-1.10	-1.80	-102	7.70	25	31	2.80	12	49	62
Income Tax Expense	-21	0.40	43	-119	3.10	39	66	36	29	141
Basic Earnings per Share	($0.06)	($0.05)	($1.71)	$3.88	($0.54)	$1.79	$5.27	$2.79	($1.93)	($8.12)
Weighted Average Basic Shares Outstanding	58.80M	59.10M	60.60M	62.30M	70.70M	75.90M	75.40M	71.20M	68.30M	67.30M
Diluted Earnings per Share	($0.06)	($0.05)	($1.71)	$3.82	($0.54)	$1.75	$5.07	$2.68	($1.93)	($8.12)
Weighted Average Diluted Shares Outstanding	58.80M	59.10M	60.60M	63.30M	70.70M	77.60M	78.40M	74.20M	68.30M	67.30M
Weighted Average Basic & Diluted Shares Outstanding	56.70M	64M	60.50M	62.20M	76.90M	75.20M	72.70M	68.10M	66.70M	68M

This table shows Lumentum's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	35	-0.40	-32	-39	-60	-68	-99	-127	-253	-82	-61
Consolidated Net Income / (Loss)	35	-0.40	-32	-39	-60	-68	-99	-127	-253	-82	-61
Net Income / (Loss) Continuing Operations	35	-0.40	-32	-39	-60	-68	-99	-127	-253	-82	-61
Total Pre-Tax Income	37	19	-27	-49	-45	-69	-102	-107	-128	-79	-42
Total Operating Income	55	14	-22	-51	-56	-81	-105	-115	-133	-82	-52
Total Gross Profit	182	201	166	112	90	77	64	60	51	78	100
Total Revenue	422	507	506	383	371	318	367	367	308	337	402
Operating Revenue	422	507	506	383	371	318	367	367	308	337	402
Total Cost of Revenue	240	306	340	271	281	241	303	307	257	259	303
Operating Cost of Revenue	240	306	340	271	281	241	303	307	257	259	303
Total Operating Expenses	126	188	188	163	146	158	169	174	185	160	151
Selling, General & Admin Expense	70	106	98	76	68	73	85	78	75	76	76
Research & Development Expense	57	73	76	85	74	74	78	77	73	74	74
Restructuring Charge	-	9.30	14	1.60	3.30	11	5.80	19	37	9.70	0.70
Total Other Income / (Expense), net	-18	5.30	-5.20	2.70	11	12	3.70	7.20	5.90	3.20	9.30
Interest Expense	27	8.50	8.90	8.70	9.40	9.70	9.70	9.00	5.40	5.50	5.60
Other Income / (Expense), net	8.20	14	3.70	11	20	21	13	16	11	8.70	15
Income Tax Expense	2.40	19	4.60	-9.40	15	-1.40	-2.40	20	125	3.20	19
Basic Earnings per Share	$0.52	($0.01)	($0.46)	($0.57)	($0.89)	($1.02)	($1.47)	($1.88)	($3.75)	($1.21)	($0.88)
Weighted Average Basic Shares Outstanding	71.20M	68.10M	68.30M	68.60M	68.30M	66.70M	67.20M	67.50M	67.30M	68.30M	68.90M
Diluted Earnings per Share	$0.50	($0.01)	($0.46)	($0.57)	($0.89)	($1.02)	($1.47)	($1.88)	($3.75)	($1.21)	($0.88)
Weighted Average Diluted Shares Outstanding	74.20M	68.10M	68.30M	68.60M	68.30M	66.70M	67.20M	67.50M	67.30M	68.30M	68.90M
Weighted Average Basic & Diluted Shares Outstanding	68.10M	68.20M	68.50M	68.70M	66.70M	67M	67.40M	67.60M	68M	68.70M	69.20M

This table details how cash moves in and out of Lumentum's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-5.40	143	116	124	35	-135	476	516	-431	-422
Net Cash From Operating Activities	9.40	87	85	248	330	524	739	459	180	25
Net Cash From Continuing Operating Activities	9.40	87	85	248	330	524	739	459	180	25
Net Income / (Loss) Continuing Operations	-3.40	9.30	-103	248	-36	136	397	199	-132	-547
Consolidated Net Income / (Loss)	-3.40	9.30	-103	248	-36	136	397	199	-132	-547
Depreciation Expense	43	47	54	74	103	113	91	82	107	111
Amortization Expense	8.00	7.20	12	20	128	124	146	158	191	203
Non-Cash Adjustments To Reconcile Net Income	16	26	29	48	93	98	114	105	166	123
Changes in Operating Assets and Liabilities, net	-54	-2.80	92	-142	43	54	-9.80	-84	-152	135
Net Cash From Investing Activities	-54	-82	-426	-127	-780	-988	1.00	-226	-874	-114
Net Cash From Continuing Investing Activities	-54	-82	-426	-127	-780	-988	1.00	-226	-874	-114
Purchase of Property, Plant & Equipment	-54	-82	-138	-93	-167	-90	-95	-91	-129	-133
Acquisitions	0.00	0.00	-5.10	0.00	-620	-	0.00	0.00	-862	-705
Purchase of Investments	0.00	0.00	-291	-634	-270	-1,341	-1,991	-1,115	-1,030	-279
Sale of Property, Plant & Equipment	0.20	-	0.00	0.00	0.00	0.00	23	6.40	0.30	0.80
Sale and/or Maturity of Investments	0.00	0.00	8.20	601	252	424	2,062	974	1,146	1,002
Net Cash From Financing Activities	41	136	457	3.80	485	329	-263	283	263	-333
Net Cash From Continuing Financing Activities	41	136	457	3.80	485	329	-263	283	263	-333
Repayment of Debt	0.00	-2.30	0.00	-6.40	-2.50	-498	0.00	-1.80	-139	-323
Repurchase of Common Equity	-	-	-	0.00	0.00	-200	-236	-544	-176	0.00
Issuance of Debt	0.00	0.00	442	0.00	491	1,042	0.00	854	599	0.00
Issuance of Common Equity	41	137	8.10	9.20	9.30	9.90	13	14	15	14
Other Financing Activities, net	0.00	1.90	7.20	1.70	-12	-26	-40	-39	-37	-24
Cash Interest Paid	-	0.00	0.00	1.30	15	13	6.40	7.50	11	20
Cash Income Taxes Paid	-	2.70	9.50	13	8.70	7.60	50	57	67	61

This table details how cash moves in and out of Lumentum's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	160	-685	-13	-43	310	2.60	-392	-44	12	53	-9.50
Net Cash From Operating Activities	114	21	95	15	49	-2.30	-1.50	-7.00	36	40	24
Net Cash From Continuing Operating Activities	114	21	95	15	49	-2.30	-1.50	-7.00	36	40	24
Net Income / (Loss) Continuing Operations	35	-0.40	-32	-39	-60	-68	-99	-127	-253	-82	-61
Consolidated Net Income / (Loss)	35	-0.40	-32	-39	-60	-68	-99	-127	-253	-82	-61
Depreciation Expense	20	25	26	28	28	28	27	27	28	27	26
Amortization Expense	45	43	52	40	57	34	42	51	72	44	40
Non-Cash Adjustments To Reconcile Net Income	25	48	51	46	21	32	26	34	34	41	34
Changes in Operating Assets and Liabilities, net	-11	-94	-2.70	-59	3.70	-28	1.60	7.80	154	10	-14
Net Cash From Investing Activities	143	-647	-105	-52	-71	18	-395	290	-28	-47	-31
Net Cash From Continuing Investing Activities	143	-647	-105	-52	-71	18	-395	290	-28	-47	-31
Purchase of Property, Plant & Equipment	-29	-884	-41	-29	825	-58	-31	-20	676	-74	-40
Purchase of Investments	-138	-80	-248	-393	-310	-149	-35	-34	-60	-64	-127
Sale and/or Maturity of Investments	310	317	184	370	275	228	372	345	57	91	136
Net Cash From Financing Activities	-97	-59	-3.60	-5.80	332	-13	4.10	-328	3.70	60	-3.10
Net Cash From Continuing Financing Activities	-97	-59	-3.60	-5.80	332	-13	4.10	-328	3.70	60	-3.10
Repayment of Debt	-1.80	-0.90	-5.00	-	-133	0.00	-	-323	-	-0.40	-2.50
Other Financing Activities, net	-6.20	-22	-4.30	-6.70	-3.80	-13	-3.20	-4.50	-3.40	-16	-8.70
Cash Interest Paid	3.70	0.60	4.80	0.60	4.80	0.60	9.30	0.50	9.30	0.10	9.40
Cash Income Taxes Paid	3.20	29	9.20	28	0.90	19	3.70	30	8.70	-4.20	-2.70

This table presents Lumentum's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	513	726	1,233	1,582	2,717	3,293	3,552	4,162	4,632	3,932
Total Current Assets	311	490	930	1,127	1,333	2,050	2,437	3,139	2,778	1,590
Cash & Equivalents	15	157	273	397	433	298	774	1,290	859	437
Short-Term Investments	-	0.00	282	314	336	1,256	1,172	1,259	1,155	450
Inventories, net	100	101	145	174	229	189	196	250	409	398
Prepaid Expenses	46	61	64	45	98	74	82	78	110	110
Other Current Assets	-	-	-	-	-	-	-	-	-	195
Plant, Property, & Equipment, net	143	183	274	307	433	0.00	0.00	361	490	573
Total Noncurrent Assets	59	53	29	147	951	1,243	1,115	663	1,365	1,769
Goodwill	27	20	22	11	369	369	369	369	695	1,056
Intangible Assets	-	-	-	7.00	395	317	241	156	459	618
Noncurrent Deferred & Refundable Income Taxes	30	32	3.90	126	170	81	73	27	116	11
Other Noncurrent Operating Assets	0.90	1.60	3.70	3.50	17	476	432	111	94	85
Total Liabilities & Shareholders' Equity	513	726	1,233	1,582	2,717	3,293	3,552	4,162	4,632	3,932
Total Liabilities	132	193	578	620	1,220	1,543	1,579	2,287	3,276	2,975
Total Current Liabilities	122	174	184	214	294	283	665	717	634	269
Short-Term Debt	-	-	-	0.00	5.00	0.00	391	410	312	0.00
Accounts Payable	78	118	115	127	161	151	117	157	169	126
Accrued Expenses	12	15	19	34	47	24	33	45	51	52
Current Employee Benefit Liabilities	18	27	28	32	42	53	54	55	39	36
Other Current Liabilities	11	12	23	22	39	55	70	51	62	55
Total Noncurrent Liabilities	9.80	19	394	406	926	1,260	914	1,571	2,643	2,705
Long-Term Debt	-	0.00	318	334	836	1,120	790	1,466	2,500	2,503
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	0.30	56	47	36	13	3.40	56
Other Noncurrent Operating Liabilities	9.80	19	77	71	34	94	89	92	139	146
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	381	497	619	926	1,497	1,749	1,973	1,875	1,356	957
Total Preferred & Common Equity	381	497	619	926	1,497	1,749	1,973	1,875	1,356	957
Total Common Equity	381	497	619	926	1,497	1,749	1,973	1,875	1,356	957
Common Stock	0.00	468	695	753	1,361	1,677	1,744	2,004	1,692	1,835
Retained Earnings	0.00	20	-83	166	129	65	221	-129	-341	-887
Accumulated Other Comprehensive Income / (Loss)	13	9.40	7.40	6.40	7.10	7.90	8.20	0.40	4.10	9.30

This table presents Lumentum's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	4,134	4,387	4,418	4,354	4,545	4,656	4,205	3,970	3,966
Total Current Assets	3,101	2,438	2,493	2,464	2,692	2,062	1,650	1,636	1,651
Cash & Equivalents	1,130	605	592	549	862	469	425	489	480
Short-Term Investments	1,434	1,020	1,088	1,118	1,083	755	446	427	417
Inventories, net	224	366	367	410	428	472	421	403	402
Prepaid Expenses	70	107	115	108	99	118	129	118	126
Other Current Assets	-	-	331	-	220	248	230	199	227
Plant, Property, & Equipment, net	356	478	488	483	512	582	579	638	663
Total Noncurrent Assets	677	1,471	1,438	1,408	1,342	2,012	1,976	1,695	1,651
Goodwill	369	694	698	696	695	1,055	1,056	1,061	1,061
Intangible Assets	177	576	540	498	435	731	689	574	535
Noncurrent Deferred & Refundable Income Taxes	20	101	100	116	128	130	139	13	11
Other Noncurrent Operating Assets	111	101	100	97	83	96	92	48	45
Total Liabilities & Shareholders' Equity	4,134	4,387	4,418	4,354	4,545	4,656	4,205	3,970	3,966
Total Liabilities	2,221	2,861	2,875	2,816	3,234	3,378	3,028	3,074	3,094
Total Current Liabilities	661	803	814	769	594	658	318	305	347
Short-Term Debt	406	420	421	426	316	320	0.00	11	9.80
Accounts Payable	127	206	206	199	135	163	133	163	185
Accrued Expenses	37	53	62	60	59	66	62	40	46
Current Employee Benefit Liabilities	48	62	61	41	41	50	40	42	40
Other Current Liabilities	44	62	65	43	43	60	82	50	66
Total Noncurrent Liabilities	1,561	2,058	2,060	2,047	2,641	2,720	2,710	2,769	2,747
Long-Term Debt	1,448	1,900	1,900	1,901	2,501	2,502	2,502	2,569	2,561
Noncurrent Deferred & Payable Income Tax Liabilities	18	25	26	18	13	68	62	53	45
Other Noncurrent Operating Liabilities	96	134	134	129	127	151	146	146	140
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,912	1,526	1,544	1,538	1,311	1,278	1,177	896	872
Total Preferred & Common Equity	1,912	1,526	1,544	1,538	1,311	1,278	1,177	896	872
Total Common Equity	1,912	1,526	1,544	1,538	1,311	1,278	1,177	896	872
Common Stock	1,974	1,596	1,642	1,672	1,714	1,776	1,803	1,854	1,893
Retained Earnings	-61	-70	-101	-141	-409	-508	-635	-970	-1,030
Accumulated Other Comprehensive Income / (Loss)	-1.20	-0.20	3.40	7.10	5.20	9.20	8.80	12	10

This table displays calculated financial ratios and metrics derived from Lumentum's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.35%	7.87%	10.92%	24.57%	25.45%	7.24%	3.82%	-1.73%	3.18%	-23.08%
EBITDA Growth	-51.47%	142.64%	-81.65%	1,946.61%	-3.27%	102.40%	62.25%	-27.68%	-58.40%	-125.43%
EBIT Growth	-350.00%	139.59%	-659.79%	371.82%	-97.97%	7,750.00%	124.97%	-40.49%	-121.22%	-455.90%
NOPAT Growth	-272.44%	167.31%	202.20%	705.02%	-105.64%	1,149.38%	184.95%	-43.25%	-131.56%	-275.11%
Net Income Growth	-131.78%	373.53%	-1,202.15%	342.05%	-114.67%	472.25%	193.21%	-49.94%	-166.16%	-315.27%
EPS Growth	-133.33%	16.67%	-3,320.00%	323.39%	-114.14%	424.07%	189.71%	-47.14%	-172.01%	-320.73%
Operating Cash Flow Growth	-85.03%	821.28%	-1.85%	191.18%	33.37%	58.83%	40.89%	-37.82%	-60.85%	-86.26%
Free Cash Flow Firm Growth	78.19%	101.54%	-819.46%	1,460.86%	-1,095.72%	141.25%	35.89%	-53.28%	-494.35%	29.95%
Invested Capital Growth	15.96%	2.73%	10.82%	40.26%	168.47%	-16.17%	-8.24%	-0.44%	79.18%	19.49%
Revenue Q/Q Growth	0.00%	3.77%	-1.86%	6.70%	7.08%	-2.13%	1.40%	1.78%	-2.82%	-4.40%
EBITDA Q/Q Growth	0.00%	90.24%	-71.77%	43.49%	3.27%	2.69%	1.91%	4.34%	-25.72%	-569.60%
EBIT Q/Q Growth	0.00%	149.49%	-205.06%	85.43%	-94.88%	20.58%	3.11%	5.73%	-304.59%	-30.13%
NOPAT Q/Q Growth	0.00%	219.33%	-11.52%	1.27%	-178.12%	17.82%	7.66%	6.56%	-2,529.55%	-21.74%
Net Income Q/Q Growth	0.00%	144.71%	-207.81%	55.35%	-258.95%	18.55%	7.03%	7.11%	-258.58%	-54.29%
EPS Q/Q Growth	0.00%	91.07%	-210.91%	72.85%	-205.88%	21.53%	7.42%	8.06%	-257.41%	-54.37%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	10.99%	37.54%	-0.94%	0.20%	-2.11%	-26.58%	-35.68%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-104.82%	324.55%	4.10%	15.39%	4.94%	-16.51%	-3.36%	15.87%
Invested Capital Q/Q Growth	0.00%	5.85%	73.74%	6.39%	-2.61%	-5.26%	-5.28%	0.03%	-2.00%	-8.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.81%	30.71%	31.76%	34.63%	27.21%	38.73%	44.93%	46.05%	32.20%	18.50%
EBITDA Margin	3.17%	7.12%	1.18%	19.36%	14.92%	28.17%	44.02%	32.40%	13.06%	-4.32%
Operating Margin	-2.80%	1.27%	4.75%	11.21%	-1.38%	12.16%	30.24%	17.71%	-6.55%	-31.93%
EBIT Margin	-2.93%	1.07%	-5.42%	11.83%	0.19%	14.03%	30.40%	18.41%	-3.79%	-27.36%
Profit (Net Income) Margin	-0.41%	1.03%	-10.23%	19.88%	-2.33%	8.07%	22.80%	11.61%	-7.45%	-40.21%
Tax Burden Percent	13.88%	95.88%	171.40%	191.73%	109.31%	77.74%	85.79%	84.60%	128.52%	134.71%
Interest Burden Percent	100.00%	100.00%	110.13%	87.67%	-1,110.00%	74.01%	87.41%	74.56%	153.06%	109.09%
Effective Tax Rate	0.00%	4.12%	0.00%	-91.73%	0.00%	22.26%	14.21%	15.40%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.80%	2.97%	8.40%	53.57%	-1.40%	11.00%	35.84%	21.30%	-4.83%	-12.85%
ROIC Less NNEP Spread (ROIC-NNEP)	-80.27%	4.98%	77.19%	60.12%	12.55%	23.83%	44.98%	29.32%	-85.80%	-32.96%
Return on Net Nonoperating Assets (RNNOA)	3.86%	-0.94%	-25.66%	-22.88%	-1.56%	-2.65%	-14.49%	-10.96%	-3.32%	-34.40%
Return on Equity (ROE)	-0.95%	2.04%	-17.26%	30.70%	-2.96%	8.35%	21.35%	10.34%	-8.15%	-47.25%
Cash Return on Invested Capital (CROIC)	-19.59%	0.28%	-1.86%	20.06%	-92.85%	28.59%	44.43%	21.74%	-61.55%	-30.61%
Operating Return on Assets (OROA)	-4.88%	1.57%	-5.54%	10.49%	0.14%	7.84%	15.48%	8.18%	-1.52%	-8.69%
Return on Assets (ROA)	-0.68%	1.50%	-10.46%	17.63%	-1.69%	4.51%	11.61%	5.16%	-2.99%	-12.76%
Return on Common Equity (ROCE)	-0.95%	1.96%	-16.22%	29.34%	-2.92%	8.35%	21.35%	10.34%	-8.15%	-47.25%
Return on Equity Simple (ROE_SIMPLE)	-0.89%	1.87%	-16.56%	26.79%	-2.43%	7.75%	20.14%	10.61%	-9.71%	-57.09%
Net Operating Profit after Tax (NOPAT)	-16	11	33	268	-15	159	452	257	-81	-304
NOPAT Margin	-1.96%	1.22%	3.33%	21.50%	-0.97%	9.45%	25.94%	14.98%	-4.58%	-22.35%
Net Nonoperating Expense Percent (NNEP)	75.47%	-2.01%	-68.79%	-6.55%	-13.96%	-12.83%	-9.14%	-8.02%	80.98%	20.11%
Cost of Revenue to Revenue	69.19%	69.29%	68.24%	65.37%	72.79%	61.27%	55.07%	53.95%	67.80%	81.50%
SG&A Expenses to Revenue	15.40%	12.99%	11.00%	10.27%	12.80%	14.01%	13.85%	15.51%	19.74%	22.86%
R&D to Revenue	16.82%	15.63%	14.81%	12.57%	11.79%	11.83%	12.31%	12.89%	17.42%	22.23%
Operating Expenses to Revenue	33.60%	29.44%	27.01%	23.42%	28.59%	26.58%	14.69%	28.34%	38.75%	50.43%
Earnings before Interest and Taxes (EBIT)	-25	9.70	-54	148	3.00	236	530	315	-67	-372
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	64	12	242	234	473	767	555	231	-59
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.82	5.64	3.91	2.73	3.26	3.21	2.86	2.87	3.60
Price to Tangible Book Value (P/TBV)	0.00	2.94	5.84	3.99	5.57	5.36	4.65	3.98	19.34	0.00
Price to Revenue (P/Rev)	0.00	1.55	3.48	2.91	2.61	3.40	3.64	3.14	2.21	2.53
Price to Earnings (P/E)	0.00	0.00	0.00	15.01	0.00	42.08	15.95	27.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	6.66%	0.00%	2.38%	6.27%	3.70%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	3.41	7.89	5.62	2.65	4.00	4.61	3.91	2.18	1.97
Enterprise Value to Revenue (EV/Rev)	0.00	1.42	3.28	2.63	2.65	3.14	3.20	2.74	2.66	3.72
Enterprise Value to EBITDA (EV/EBITDA)	0.00	19.92	278.53	13.59	17.78	11.14	7.26	8.47	20.34	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	132.03	0.00	22.24	1,384.31	22.37	10.51	14.90	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	116.15	98.64	12.24	0.00	33.21	12.32	18.30	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	14.79	38.67	13.26	12.58	10.05	7.54	10.23	26.11	204.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1,248.50	0.00	32.69	0.00	12.77	9.94	17.93	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.49	0.35	0.56	0.64	0.60	1.00	2.07	2.61
Long-Term Debt to Equity	0.00	0.00	0.49	0.35	0.56	0.64	0.40	0.78	1.84	2.61
Financial Leverage	-0.05	-0.19	-0.33	-0.38	-0.12	-0.11	-0.32	-0.37	0.04	1.04
Leverage Ratio	1.40	1.36	1.65	1.74	1.75	1.85	1.84	2.00	2.72	3.70
Compound Leverage Factor	1.40	1.36	1.82	1.53	-19.40	1.37	1.61	1.49	4.17	4.04
Debt to Total Capital	0.00%	0.00%	32.66%	25.79%	35.97%	39.04%	37.44%	50.01%	67.47%	72.34%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.21%	0.00%	12.39%	10.93%	7.48%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	32.66%	25.79%	35.75%	39.04%	25.05%	39.09%	59.99%	72.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	6.71%	3.68%	2.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	93.29%	63.66%	71.45%	64.03%	60.96%	62.56%	49.99%	32.53%	27.66%
Debt to EBITDA	0.00	0.00	26.91	1.38	3.60	2.37	1.54	3.38	12.18	-42.64
Net Debt to EBITDA	0.00	0.00	-20.15	-1.56	0.31	-0.92	-1.00	-1.21	3.46	-27.53
Long-Term Debt to EBITDA	0.00	0.00	26.91	1.38	3.58	2.37	1.03	2.64	10.83	-42.64
Debt to NOPAT	0.00	0.00	9.53	1.25	-55.62	7.06	2.61	7.31	-34.72	-8.24
Net Debt to NOPAT	0.00	0.00	-7.14	-1.41	-4.79	-2.73	-1.69	-2.62	-9.85	-5.32
Long-Term Debt to NOPAT	0.00	0.00	9.53	1.25	-55.28	7.06	1.75	5.71	-30.87	-8.24
Altman Z-Score	0.00	6.20	4.92	5.45	3.11	3.63	4.08	2.73	1.50	0.82
Noncontrolling Interest Sharing Ratio	0.00%	3.92%	6.03%	4.43%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.54	2.82	5.05	5.27	4.53	7.24	3.67	4.38	4.38	5.90
Quick Ratio	1.35	1.89	3.92	4.25	3.42	6.32	3.25	3.92	3.57	3.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-67	1.03	-7.38	100	-1,000	412	561	262	-1,033	-724
Operating Cash Flow to CapEx	17.57%	105.61%	61.55%	265.56%	197.31%	582.56%	1,033.15%	541.63%	140.25%	18.68%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-1.34	5.52	-27.55	6.74	8.40	3.27	-29.09	-21.41
Operating Cash Flow to Interest Expense	0.00	0.00	15.45	13.60	9.09	8.57	11.08	5.73	5.06	0.73
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-9.65	8.48	4.48	7.10	10.00	4.67	1.45	-3.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.67	1.46	1.02	0.89	0.73	0.56	0.51	0.44	0.40	0.32
Accounts Receivable Turnover	5.83	5.63	5.95	6.87	7.20	7.12	7.81	7.21	6.96	0.00
Inventory Turnover	5.90	6.25	5.56	5.11	5.66	4.92	4.98	4.14	3.64	2.75
Fixed Asset Turnover	5.99	5.53	4.38	4.30	4.23	0.00	0.00	0.00	4.16	2.56
Accounts Payable Turnover	7.24	6.38	5.86	6.76	7.93	6.60	7.17	6.75	7.35	7.49
Days Sales Outstanding (DSO)	62.57	64.88	61.37	53.15	50.73	51.26	46.74	50.60	52.48	0.00
Days Inventory Outstanding (DIO)	61.82	58.42	65.63	71.45	64.53	74.13	73.27	88.19	100.34	132.96
Days Payable Outstanding (DPO)	50.41	57.23	62.24	53.99	46.02	55.30	50.91	54.04	49.68	48.72
Cash Conversion Cycle (CCC)	73.98	66.07	64.76	70.61	69.24	70.09	69.10	84.75	103.15	84.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	366	376	417	585	1,570	1,316	1,207	1,202	2,154	2,574
Invested Capital Turnover	2.46	2.43	2.53	2.49	1.45	1.16	1.38	1.42	1.05	0.58
Increase / (Decrease) in Invested Capital	50	10	41	168	985	-254	-108	-5.30	952	420
Enterprise Value (EV)	0.00	1,281	3,287	3,283	4,153	5,269	5,570	4,697	4,695	5,058
Market Capitalization	0.00	1,402	3,489	3,625	4,081	5,702	6,335	5,370	3,897	3,442
Book Value per Share	$6.47	$8.39	$10.12	$14.79	$19.60	$23.35	$25.99	$27.17	$19.74	$14.16
Tangible Book Value per Share	$6.01	$8.05	$9.77	$14.50	$9.59	$14.20	$17.95	$19.57	$2.93	($10.59)
Total Capital	381	533	972	1,296	2,338	2,870	3,153	3,751	4,167	3,461
Total Debt	0.00	0.00	318	334	841	1,120	1,181	1,876	2,812	2,503
Total Long-Term Debt	0.00	0.00	318	334	836	1,120	790	1,466	2,500	2,503
Net Debt	-15	-157	-238	-377	72	-434	-766	-673	798	1,616
Capital Expenditures (CapEx)	54	82	138	93	167	90	72	85	128	132
Debt-free, Cash-free Net Working Capital (DFCFNWC)	174	159	191	202	275	213	217	284	442	434
Debt-free Net Working Capital (DFNWC)	189	316	746	913	1,044	1,767	2,163	2,833	2,456	1,321
Net Working Capital (NWC)	189	316	746	913	1,039	1,767	1,772	2,423	2,144	1,321
Net Nonoperating Expense (NNE)	-13	1.73	136	20	21	23	55	58	51	243
Net Nonoperating Obligations (NNO)	-15	-157	-238	-377	72	-434	-766	-673	798	1,616
Total Depreciation and Amortization (D&A)	51	55	66	94	231	237	237	240	298	313
Debt-free, Cash-free Net Working Capital to Revenue	20.80%	17.57%	19.05%	16.17%	17.59%	12.70%	12.45%	16.56%	25.02%	31.92%
Debt-free Net Working Capital to Revenue	22.53%	34.97%	74.49%	73.19%	66.68%	105.27%	124.10%	165.40%	138.98%	97.17%
Net Working Capital to Revenue	22.53%	34.97%	74.49%	73.19%	66.36%	105.27%	101.69%	141.46%	121.34%	97.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	($0.05)	($1.71)	$3.88	($0.54)	$1.79	$5.27	$2.79	($1.93)	($8.12)
Adjusted Weighted Average Basic Shares Outstanding	58.92M	59.10M	60.60M	62.30M	70.70M	75.90M	75.40M	71.20M	68.30M	67.30M
Adjusted Diluted Earnings per Share	($0.06)	($0.05)	($1.71)	$3.82	($0.54)	$1.75	$5.07	$2.68	($1.93)	($8.12)
Adjusted Weighted Average Diluted Shares Outstanding	58.92M	59.10M	60.60M	63.30M	70.70M	77.60M	78.40M	74.20M	68.30M	67.30M
Adjusted Basic & Diluted Earnings per Share	($0.06)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	58.80M	60.08M	61.52M	63.30M	76.90M	75.20M	72.70M	68.10M	66.70M	68M
Normalized Net Operating Profit after Tax (NOPAT)	-8.26	18	42	103	29	168	459	256	-61	-253
Normalized NOPAT Margin	-0.99%	2.01%	4.17%	8.25%	1.83%	10.02%	26.32%	14.93%	-3.47%	-18.61%
Pre Tax Income Margin	-2.93%	1.07%	-5.97%	10.37%	-2.13%	10.38%	26.57%	13.73%	-5.80%	-29.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-9.87	8.11	0.08	3.85	7.94	3.93	-1.88	-11.00
NOPAT to Interest Expense	0.00	0.00	6.06	14.74	-0.42	2.59	6.78	3.20	-2.28	-8.99
EBIT Less CapEx to Interest Expense	0.00	0.00	-34.98	2.99	-4.53	2.38	6.87	2.87	-5.50	-14.91
NOPAT Less CapEx to Interest Expense	0.00	0.00	-19.05	9.62	-5.03	1.12	5.71	2.14	-5.89	-12.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	5.38%	0.88%	0.28%	-1.92%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	5.38%	0.88%	0.28%	-1.92%	147.60%	59.40%	273.45%	-133.43%	0.00%

This table displays calculated financial ratios and metrics derived from Lumentum's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.65%	13.02%	13.28%	-3.03%	-12.15%	-37.33%	-27.51%	-4.41%	-16.86%	6.08%	9.65%
EBITDA Growth	21.81%	-45.68%	-58.21%	-74.82%	-61.94%	-97.35%	-136.94%	-174.36%	-145.01%	-196.00%	230.63%
EBIT Growth	36.77%	-76.57%	-121.11%	-181.63%	-156.60%	-318.32%	-404.40%	-146.00%	-239.17%	-23.66%	60.02%
NOPAT Growth	49.97%	-100.30%	-121.93%	-186.64%	-175.52%	-19,591.26%	-380.37%	-122.96%	-138.64%	-1.98%	50.95%
Net Income Growth	61.40%	-100.49%	-155.91%	-251.15%	-273.49%	-16,875.00%	-212.62%	-223.16%	-319.44%	-21.35%	38.55%
EPS Growth	66.67%	-100.93%	-161.33%	-262.86%	-278.00%	-10,100.00%	-219.57%	-229.82%	-321.35%	-18.63%	40.14%
Operating Cash Flow Growth	-7.97%	-66.40%	-54.04%	-80.55%	-56.96%	-111.06%	-101.58%	-146.98%	-27.85%	1,821.74%	1,720.00%
Free Cash Flow Firm Growth	-60.04%	-716.32%	-529.68%	-1,001.94%	-1,834.94%	98.03%	22.66%	33.08%	48.22%	-2,253.09%	138.25%
Invested Capital Growth	-0.44%	73.18%	80.39%	82.89%	79.18%	-1.72%	31.64%	27.77%	19.49%	17.26%	-11.43%
Revenue Q/Q Growth	6.75%	20.07%	-0.16%	-24.23%	-3.29%	-14.35%	15.49%	-0.08%	-15.88%	9.28%	19.38%
EBITDA Q/Q Growth	19.00%	-26.90%	-36.27%	-54.58%	79.85%	-94.91%	-988.00%	-7.98%	-8.87%	89.14%	1,308.33%
EBIT Q/Q Growth	29.80%	-57.08%	-166.67%	-119.78%	10.00%	-65.56%	-54.03%	-7.19%	-24.09%	39.64%	50.20%
NOPAT Q/Q Growth	24.77%	-100.55%	-5,237.11%	-134.70%	-8.75%	-44.54%	-30.20%	-8.94%	-16.40%	38.23%	37.38%
Net Income Q/Q Growth	33.46%	-101.15%	-7,825.00%	-23.97%	-53.18%	-12.79%	-45.95%	-28.15%	-98.82%	67.37%	26.09%
EPS Q/Q Growth	42.86%	-102.00%	-4,500.00%	-23.91%	-56.14%	-14.61%	-44.12%	-27.89%	-99.47%	67.73%	27.27%
Operating Cash Flow Q/Q Growth	49.22%	-81.80%	356.25%	-84.30%	230.20%	-104.67%	34.78%	-366.67%	607.14%	11.55%	-38.64%
Free Cash Flow Firm Q/Q Growth	-50.09%	-1,743.82%	-5.31%	-4.38%	3.99%	98.14%	-4,042.15%	9.68%	25.71%	15.34%	167.33%
Invested Capital Q/Q Growth	0.03%	84.79%	-1.67%	0.62%	-2.00%	1.36%	31.70%	-2.33%	-8.36%	-0.53%	-0.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.05%	39.70%	32.85%	29.21%	24.16%	24.15%	17.45%	16.23%	16.64%	23.12%	24.76%
EBITDA Margin	30.56%	18.61%	11.88%	7.12%	13.24%	0.79%	-6.05%	-5.54%	-7.17%	-0.71%	7.21%
Operating Margin	13.12%	2.66%	-4.33%	-13.41%	-15.08%	-25.44%	-28.68%	-31.27%	-43.27%	-24.46%	-12.83%
EBIT Margin	15.07%	5.39%	-3.60%	-10.43%	-9.71%	-18.77%	-25.03%	-26.85%	-39.60%	-21.88%	-9.12%
Profit (Net Income) Margin	8.22%	-0.08%	-6.26%	-10.25%	-16.24%	-21.38%	-27.02%	-34.65%	-81.90%	-24.46%	-15.14%
Tax Burden Percent	93.53%	-2.13%	116.97%	80.70%	132.60%	97.98%	97.64%	118.25%	198.04%	104.04%	143.97%
Interest Burden Percent	58.33%	68.86%	148.90%	121.75%	126.11%	116.28%	110.57%	109.15%	104.42%	107.46%	115.26%
Effective Tax Rate	6.47%	102.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	17.45%	-0.06%	-3.27%	-10.04%	-11.11%	-12.76%	-11.42%	-12.43%	-17.42%	-9.95%	-4.68%
ROIC Less NNEP Spread (ROIC-NNEP)	19.83%	-3.82%	15.94%	3.08%	-44.83%	-14.21%	-13.69%	-16.52%	-30.60%	-11.90%	-6.20%
Return on Net Nonoperating Assets (RNNOA)	-7.41%	-0.01%	-0.76%	-0.05%	-1.73%	-7.85%	-10.86%	-13.94%	-31.94%	-13.68%	-9.43%
Return on Equity (ROE)	10.04%	-0.06%	-4.03%	-10.08%	-12.85%	-20.61%	-22.28%	-26.37%	-49.35%	-23.63%	-14.12%
Cash Return on Invested Capital (CROIC)	21.74%	-44.88%	-54.62%	-58.78%	-61.55%	-4.95%	-35.43%	-34.36%	-30.61%	-28.74%	2.26%
Operating Return on Assets (OROA)	6.69%	2.41%	-1.64%	-4.47%	-3.90%	-6.63%	-7.94%	-8.92%	-12.57%	-7.08%	-2.99%
Return on Assets (ROA)	3.65%	-0.04%	-2.85%	-4.39%	-6.52%	-7.55%	-8.57%	-11.51%	-26.00%	-7.92%	-4.97%
Return on Common Equity (ROCE)	10.04%	-0.06%	-4.03%	-10.08%	-12.85%	-20.61%	-22.28%	-26.37%	-49.35%	-23.63%	-14.12%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.67%	1.85%	-2.39%	0.00%	-15.19%	-20.86%	-30.10%	0.00%	-62.62%	-59.93%
Net Operating Profit after Tax (NOPAT)	52	-0.29	-15	-36	-39	-57	-74	-80	-93	-58	-36
NOPAT Margin	12.28%	-0.06%	-3.03%	-9.38%	-10.55%	-17.81%	-20.08%	-21.89%	-30.29%	-17.12%	-8.98%
Net Nonoperating Expense Percent (NNEP)	-2.38%	3.76%	-19.20%	-13.12%	33.71%	1.45%	2.28%	4.08%	13.18%	1.95%	1.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-1.80%	-	-	-	-1.05%
Cost of Revenue to Revenue	56.95%	60.30%	67.15%	70.79%	75.84%	75.85%	82.55%	83.77%	83.36%	76.88%	75.24%
SG&A Expenses to Revenue	16.49%	20.86%	19.45%	19.93%	18.42%	22.98%	23.20%	21.20%	24.29%	22.65%	18.97%
R&D to Revenue	13.43%	14.34%	14.98%	22.27%	19.93%	23.14%	21.35%	21.06%	23.74%	22.05%	18.45%
Operating Expenses to Revenue	29.92%	37.04%	37.17%	42.62%	39.24%	49.59%	46.13%	47.50%	59.91%	47.58%	37.59%
Earnings before Interest and Taxes (EBIT)	64	27	-18	-40	-36	-60	-92	-98	-122	-74	-37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	129	94	60	27	49	2.50	-22	-20	-22	-2.40	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.86	3.06	2.31	2.41	2.87	2.30	2.75	2.71	3.60	4.90	6.64
Price to Tangible Book Value (P/TBV)	3.98	18.19	11.65	10.77	19.34	16.70	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.14	2.64	1.94	2.03	2.21	1.91	2.44	2.24	2.53	3.18	4.10
Price to Earnings (P/E)	27.00	39.91	124.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.70%	2.51%	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.91	2.42	1.92	1.98	2.18	1.78	1.78	1.72	1.97	2.36	2.93
Enterprise Value to Revenue (EV/Rev)	2.74	3.03	2.29	2.40	2.66	2.46	3.55	3.39	3.72	4.39	5.28
Enterprise Value to EBITDA (EV/EBITDA)	8.47	11.28	10.72	14.03	20.34	27.96	90.12	385.83	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	14.90	23.73	34.50	133.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	18.30	35.21	90.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.23	12.83	13.69	17.80	26.11	24.80	84.74	125.60	204.79	90.87	80.84
Enterprise Value to Free Cash Flow (EV/FCFF)	17.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	122.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.00	1.52	1.50	1.51	2.07	2.15	2.21	2.13	2.61	2.88	2.95
Long-Term Debt to Equity	0.78	1.24	1.23	1.24	1.84	1.91	1.96	2.13	2.61	2.87	2.94
Financial Leverage	-0.37	0.00	-0.05	-0.01	0.04	0.55	0.79	0.84	1.04	1.15	1.52
Leverage Ratio	2.00	2.26	2.25	2.46	2.72	3.15	3.22	3.15	3.70	3.86	4.01
Compound Leverage Factor	1.17	1.56	3.36	3.00	3.43	3.66	3.56	3.44	3.87	4.15	4.62
Debt to Total Capital	50.01%	60.31%	60.06%	60.21%	67.47%	68.24%	68.83%	68.02%	72.34%	74.23%	74.67%
Short-Term Debt to Total Capital	10.93%	10.93%	10.89%	11.03%	7.48%	7.65%	7.80%	0.00%	0.00%	0.31%	0.28%
Long-Term Debt to Total Capital	39.09%	49.39%	49.17%	49.18%	59.99%	60.59%	61.03%	68.02%	72.34%	73.91%	74.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.99%	39.69%	39.94%	39.79%	32.53%	31.76%	31.17%	31.98%	27.66%	25.77%	25.33%
Debt to EBITDA	3.38	4.88	5.92	7.49	12.18	20.26	49.76	200.19	-42.64	-40.57	-207.34
Net Debt to EBITDA	-1.21	1.46	1.64	2.12	3.46	6.28	28.17	130.52	-27.53	-26.16	-135.02
Long-Term Debt to EBITDA	2.64	3.99	4.85	6.12	10.83	17.99	44.12	200.19	-42.64	-40.40	-206.55
Debt to NOPAT	7.31	15.23	50.27	-755.52	-34.72	-19.16	-13.74	-10.03	-8.24	-8.46	-9.61
Net Debt to NOPAT	-2.62	4.56	13.87	-214.22	-9.85	-5.93	-7.78	-6.54	-5.32	-5.46	-6.26
Long-Term Debt to NOPAT	5.71	12.47	41.16	-617.14	-30.87	-17.01	-12.19	-10.03	-8.24	-8.43	-9.58
Altman Z-Score	2.53	1.83	1.57	1.60	1.52	1.29	1.08	1.06	1.02	1.20	1.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.38	3.04	3.06	3.20	4.38	4.53	3.13	5.20	5.90	5.36	4.76
Quick Ratio	3.92	2.45	2.06	2.53	3.57	3.27	1.86	2.74	3.29	3.00	2.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	57	-939	-989	-1,032	-991	-18	-765	-691	-513	-434	292
Operating Cash Flow to CapEx	399.65%	2.35%	233.17%	50.68%	0.00%	-3.98%	-4.87%	-36.84%	0.00%	53.59%	60.45%
Free Cash Flow to Firm to Interest Expense	2.16	-110.46	-111.09	-118.63	-105.42	-1.90	-78.83	-76.74	-95.01	-78.98	52.23
Operating Cash Flow to Interest Expense	4.31	2.45	10.66	1.71	5.23	-0.24	-0.15	-0.78	6.57	7.20	4.34
Operating Cash Flow Less CapEx to Interest Expense	3.23	-101.52	6.09	-1.67	93.05	-6.20	-3.33	-2.89	131.81	-6.24	-2.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.45	0.46	0.43	0.40	0.35	0.32	0.33	0.32	0.32	0.33
Accounts Receivable Turnover	7.21	5.87	0.00	6.99	6.96	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	4.14	3.54	3.87	3.65	3.64	2.85	2.61	2.72	2.75	2.71	2.58
Fixed Asset Turnover	0.00	0.00	0.00	4.33	4.16	3.19	2.69	2.68	2.56	2.40	2.27
Accounts Payable Turnover	6.75	6.60	6.88	7.11	7.35	6.66	5.95	6.82	7.49	7.56	6.47
Days Sales Outstanding (DSO)	50.60	62.21	0.00	52.21	52.48	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	88.19	103.23	94.20	100.02	100.34	127.89	139.60	133.97	132.96	134.76	141.71
Days Payable Outstanding (DPO)	54.04	55.34	53.05	51.33	49.68	54.80	61.36	53.55	48.72	48.26	56.37
Cash Conversion Cycle (CCC)	84.75	110.10	41.15	100.90	103.15	73.09	78.24	80.42	84.24	86.50	85.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,202	2,221	2,184	2,198	2,154	2,183	2,875	2,808	2,574	2,560	2,547
Invested Capital Turnover	1.42	1.01	1.08	1.07	1.05	0.72	0.57	0.57	0.58	0.58	0.52
Increase / (Decrease) in Invested Capital	-5.30	939	973	996	952	-38	691	610	420	377	-329
Enterprise Value (EV)	4,697	5,364	4,199	4,359	4,695	3,886	5,110	4,823	5,058	6,052	7,470
Market Capitalization	5,370	4,670	3,558	3,700	3,897	3,014	3,512	3,191	3,442	4,388	5,796
Book Value per Share	$27.17	$22.41	$22.63	$22.45	$19.74	$19.65	$19.07	$17.46	$14.16	$13.18	$12.70
Tangible Book Value per Share	$19.57	$3.77	$4.48	$5.01	$2.93	$2.71	($7.57)	($8.42)	($10.59)	($10.87)	($10.53)
Total Capital	3,751	3,846	3,865	3,865	4,167	4,127	4,099	3,679	3,461	3,476	3,443
Total Debt	1,876	2,320	2,321	2,327	2,812	2,817	2,821	2,502	2,503	2,580	2,571
Total Long-Term Debt	1,466	1,900	1,900	1,901	2,500	2,501	2,502	2,502	2,503	2,569	2,561
Net Debt	-673	695	641	660	798	872	1,597	1,632	1,616	1,664	1,674
Capital Expenditures (CapEx)	29	884	41	29	-826	58	31	19	-676	74	40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	284	431	419	454	442	469	499	462	434	426	418
Debt-free Net Working Capital (DFNWC)	2,833	2,056	2,099	2,121	2,456	2,414	1,723	1,332	1,321	1,342	1,314
Net Working Capital (NWC)	2,423	1,636	1,678	1,695	2,144	2,098	1,404	1,332	1,321	1,331	1,305
Net Nonoperating Expense (NNE)	17	0.11	16	3.32	21	11	25	47	159	25	25
Net Nonoperating Obligations (NNO)	-673	695	641	660	798	872	1,597	1,632	1,616	1,664	1,674
Total Depreciation and Amortization (D&A)	65	67	78	67	85	62	70	78	100	71	66
Debt-free, Cash-free Net Working Capital to Revenue	16.56%	24.33%	22.87%	24.95%	25.02%	29.75%	34.71%	32.46%	31.92%	30.89%	29.54%
Debt-free Net Working Capital to Revenue	165.40%	116.08%	114.68%	116.64%	138.98%	152.98%	119.80%	93.72%	97.17%	97.34%	92.96%
Net Working Capital to Revenue	141.46%	92.35%	91.70%	93.20%	121.34%	132.97%	97.57%	93.72%	97.17%	96.56%	92.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.52	($0.01)	($0.46)	($0.57)	($0.89)	($1.02)	($1.47)	($1.88)	($3.75)	($1.21)	($0.88)
Adjusted Weighted Average Basic Shares Outstanding	71.20M	68.10M	68.30M	68.60M	68.30M	66.70M	67.20M	67.50M	67.30M	68.30M	68.90M
Adjusted Diluted Earnings per Share	$0.50	($0.01)	($0.46)	($0.57)	($0.89)	($1.02)	($1.47)	($1.88)	($3.75)	($1.21)	($0.88)
Adjusted Weighted Average Diluted Shares Outstanding	74.20M	68.10M	68.30M	68.60M	68.30M	66.70M	67.20M	67.50M	67.30M	68.30M	68.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	68.10M	68.20M	68.50M	68.70M	66.70M	67M	67.40M	67.60M	68M	68.70M	69.20M
Normalized Net Operating Profit after Tax (NOPAT)	52	16	-5.60	-35	-37	-49	-70	-67	-68	-51	-36
Normalized NOPAT Margin	12.28%	3.15%	-1.11%	-9.09%	-9.93%	-15.38%	-18.97%	-18.22%	-21.98%	-15.11%	-8.86%
Pre Tax Income Margin	8.79%	3.71%	-5.36%	-12.70%	-12.24%	-21.82%	-27.67%	-29.30%	-41.36%	-23.51%	-10.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.40	3.21	-2.04	-4.60	-3.83	-6.14	-9.46	-10.93	-22.61	-13.40	-6.55
NOPAT to Interest Expense	1.96	-0.03	-1.72	-4.14	-4.16	-5.83	-7.59	-8.91	-17.29	-10.49	-6.45
EBIT Less CapEx to Interest Expense	1.32	-100.75	-6.62	-7.98	83.99	-12.10	-12.64	-13.04	102.63	-26.84	-13.73
NOPAT Less CapEx to Interest Expense	0.88	-104.00	-6.30	-7.51	83.66	-11.79	-10.77	-11.02	107.95	-23.92	-13.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	273.45%	417.09%	1,584.27%	-357.22%	-133.43%	0.00%	0.00%	-39.47%	0.00%	0.00%	0.00%

Frequently Asked Questions About Lumentum's Financials

When does Lumentum's financial year end?

According to the most recent income statement we have on file, Lumentum's fiscal year ends in June. Their fiscal year 2024 ended on June 29, 2024.

How has Lumentum's net income changed over the last 9 years?

Lumentum's net income appears to be on a downward trend, with a most recent value of -$546.50 million in 2024, rising from -$3.40 million in 2015. The previous period was -$131.60 million in 2023.

What is Lumentum's operating income?

Lumentum's total operating income in 2024 was -$434 million, based on the following breakdown:

Total Gross Profit: $251.50 million
Total Operating Expenses: $685.50 million

How has Lumentum revenue changed over the last 9 years?

Over the last 9 years, Lumentum's total revenue changed from $837.10 million in 2015 to $1.36 billion in 2024, a change of 62.4%.

How much debt does Lumentum have?

Lumentum's total liabilities were at $2.97 billion at the end of 2024, a 9.2% decrease from 2023, and a 2,153.5% increase since 2015.

How much cash does Lumentum have?

In the past 9 years, Lumentum's cash and equivalents has ranged from $14.50 million in 2015 to $1.29 billion in 2022, and is currently $436.70 million as of their latest financial filing in 2024.

How has Lumentum's book value per share changed over the last 9 years?

Over the last 9 years, Lumentum's book value per share changed from 6.47 in 2015 to 14.16 in 2024, a change of 118.8%.

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This page (NASDAQ:LITE) was last updated on 4/28/2025 by MarketBeat.com Staff

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