Lumentum (LITE) Financials

$77.11 -0.76 (-0.98%)

As of 05/20/2025 04:00 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Net Income / (Loss) Attributable to Common Shareholders	-547	-132	199	397	136	-38	242	-103	-3.20	-3.40
Consolidated Net Income / (Loss)	-547	-132	199	397	136	-36	248	-103	9.30	-3.40
Net Income / (Loss) Continuing Operations	-547	-132	199	397	136	-36	248	-103	9.30	-3.40
Total Pre-Tax Income	-406	-102	235	463	174	-33	129	-60	9.70	-25
Total Operating Income	-434	-116	303	527	204	-22	140	48	12	-23
Total Gross Profit	252	569	789	783	650	426	432	318	277	258
Total Revenue	1,359	1,767	1,713	1,743	1,679	1,565	1,248	1,002	903	837
Operating Revenue	1,359	1,767	1,713	1,743	1,679	1,565	1,248	1,002	903	837
Total Cost of Revenue	1,108	1,198	924	960	1,028	1,139	816	684	626	579
Operating Cost of Revenue	1,108	1,198	924	960	1,028	1,139	816	684	626	579
Total Operating Expenses	686	685	485	256	446	448	292	271	266	281
Selling, General & Admin Expense	311	349	266	241	235	200	128	110	117	129
Research & Development Expense	302	308	221	215	199	185	157	148	141	141
Restructuring Charge	73	28	-1.10	7.70	8.00	32	7.20	12	7.40	12
Total Other Income / (Expense), net	28	13	-68	-64	-30	-12	-11	-107	-1.80	-1.10
Interest Expense	34	36	80	67	61	36	18	5.50	-	-
Other Income / (Expense), net	62	49	12	2.80	31	25	7.70	-102	-1.80	-1.10
Income Tax Expense	141	29	36	66	39	3.10	-119	43	0.40	-21
Basic Earnings per Share	($8.12)	($1.93)	$2.79	$5.27	$1.79	($0.54)	$3.88	($1.71)	($0.05)	($0.06)
Weighted Average Basic Shares Outstanding	67.30M	68.30M	71.20M	75.40M	75.90M	70.70M	62.30M	60.60M	59.10M	58.80M
Diluted Earnings per Share	($8.12)	($1.93)	$2.68	$5.07	$1.75	($0.54)	$3.82	($1.71)	($0.05)	($0.06)
Weighted Average Diluted Shares Outstanding	67.30M	68.30M	74.20M	78.40M	77.60M	70.70M	63.30M	60.60M	59.10M	58.80M
Weighted Average Basic & Diluted Shares Outstanding	68M	66.70M	68.10M	72.70M	75.20M	76.90M	62.20M	60.50M	64M	56.70M

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	-44	-61	-82	-253	-127	-99	-68	-60	-39	-32	-0.40
Consolidated Net Income / (Loss)	-44	-61	-82	-253	-127	-99	-68	-60	-39	-32	-0.40
Net Income / (Loss) Continuing Operations	-44	-61	-82	-253	-127	-99	-68	-60	-39	-32	-0.40
Total Pre-Tax Income	-39	-42	-79	-128	-107	-102	-69	-45	-49	-27	19
Total Operating Income	-38	-52	-82	-133	-115	-105	-81	-56	-51	-22	14
Total Gross Profit	123	100	78	51	60	64	77	90	112	166	201
Total Revenue	425	402	337	308	367	367	318	371	383	506	507
Operating Revenue	425	402	337	308	367	367	318	371	383	506	507
Total Cost of Revenue	303	303	259	257	307	303	241	281	271	340	306
Operating Cost of Revenue	303	303	259	257	307	303	241	281	271	340	306
Total Operating Expenses	160	151	160	185	174	169	158	146	163	188	188
Selling, General & Admin Expense	112	76	76	75	78	85	73	68	76	98	106
Research & Development Expense	76	74	74	73	77	78	74	74	85	76	73
Restructuring Charge	7.20	0.70	9.70	37	19	5.80	11	3.30	1.60	14	9.30
Other Special Charges / (Income)	-35	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-1.50	9.30	3.20	5.90	7.20	3.70	12	11	2.70	-5.20	5.30
Interest Expense	5.70	5.60	5.50	5.40	9.00	9.70	9.70	9.40	8.70	8.90	8.50
Other Income / (Expense), net	4.20	15	8.70	11	16	13	21	20	11	3.70	14
Income Tax Expense	4.90	19	3.20	125	20	-2.40	-1.40	15	-9.40	4.60	19
Basic Earnings per Share	($0.64)	($0.88)	($1.21)	($3.75)	($1.88)	($1.47)	($1.02)	($0.89)	($0.57)	($0.46)	($0.01)
Weighted Average Basic Shares Outstanding	69.30M	68.90M	68.30M	67.30M	67.50M	67.20M	66.70M	68.30M	68.60M	68.30M	68.10M
Diluted Earnings per Share	($0.64)	($0.88)	($1.21)	($3.75)	($1.88)	($1.47)	($1.02)	($0.89)	($0.57)	($0.46)	($0.01)
Weighted Average Diluted Shares Outstanding	69.30M	68.90M	68.30M	67.30M	67.50M	67.20M	66.70M	68.30M	68.60M	68.30M	68.10M
Weighted Average Basic & Diluted Shares Outstanding	69.40M	69.20M	68.70M	68M	67.60M	67.40M	67M	66.70M	68.70M	68.50M	68.20M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Net Change in Cash & Equivalents	-422	-431	516	476	-135	35	124	116	143	-5.40
Net Cash From Operating Activities	25	180	459	739	524	330	248	85	87	9.40
Net Cash From Continuing Operating Activities	25	180	459	739	524	330	248	85	87	9.40
Net Income / (Loss) Continuing Operations	-547	-132	199	397	136	-36	248	-103	9.30	-3.40
Consolidated Net Income / (Loss)	-547	-132	199	397	136	-36	248	-103	9.30	-3.40
Depreciation Expense	111	107	82	91	113	103	74	54	47	43
Amortization Expense	203	191	158	146	124	128	20	12	7.20	8.00
Non-Cash Adjustments To Reconcile Net Income	123	166	105	114	98	93	48	29	26	16
Changes in Operating Assets and Liabilities, net	135	-152	-84	-9.80	54	43	-142	92	-2.80	-54
Net Cash From Investing Activities	-114	-874	-226	1.00	-988	-780	-127	-426	-82	-54
Net Cash From Continuing Investing Activities	-114	-874	-226	1.00	-988	-780	-127	-426	-82	-54
Purchase of Property, Plant & Equipment	-133	-129	-91	-95	-90	-167	-93	-138	-82	-54
Acquisitions	-705	-862	0.00	0.00	-	-620	0.00	-5.10	0.00	0.00
Purchase of Investments	-279	-1,030	-1,115	-1,991	-1,341	-270	-634	-291	0.00	0.00
Sale of Property, Plant & Equipment	0.80	0.30	6.40	23	0.00	0.00	0.00	0.00	-	0.20
Sale and/or Maturity of Investments	1,002	1,146	974	2,062	424	252	601	8.20	0.00	0.00
Net Cash From Financing Activities	-333	263	283	-263	329	485	3.80	457	136	41
Net Cash From Continuing Financing Activities	-333	263	283	-263	329	485	3.80	457	136	41
Repayment of Debt	-323	-139	-1.80	0.00	-498	-2.50	-6.40	0.00	-2.30	0.00
Repurchase of Common Equity	0.00	-176	-544	-236	-200	0.00	0.00	-	-	-
Issuance of Debt	0.00	599	854	0.00	1,042	491	0.00	442	0.00	0.00
Issuance of Common Equity	14	15	14	13	9.90	9.30	9.20	8.10	137	41
Other Financing Activities, net	-24	-37	-39	-40	-26	-12	1.70	7.20	1.90	0.00
Cash Interest Paid	20	11	7.50	6.40	13	15	1.30	0.00	0.00	-
Cash Income Taxes Paid	61	67	57	50	7.60	8.70	13	9.50	2.70	-

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	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	37	-9.50	53	12	-44	-392	2.60	310	-43	-13	-685
Net Cash From Operating Activities	-1.60	24	40	36	-7.00	-1.50	-2.30	49	15	95	21
Net Cash From Continuing Operating Activities	-1.60	24	40	36	-7.00	-1.50	-2.30	49	15	95	21
Net Income / (Loss) Continuing Operations	-44	-61	-82	-253	-127	-99	-68	-60	-39	-32	-0.40
Consolidated Net Income / (Loss)	-44	-61	-82	-253	-127	-99	-68	-60	-39	-32	-0.40
Depreciation Expense	25	26	27	28	27	27	28	28	28	26	25
Amortization Expense	36	40	44	72	51	42	34	57	40	52	43
Non-Cash Adjustments To Reconcile Net Income	39	34	41	34	34	26	32	21	46	51	48
Changes in Operating Assets and Liabilities, net	-58	-14	10	154	7.80	1.60	-28	3.70	-59	-2.70	-94
Net Cash From Investing Activities	53	-31	-47	-28	290	-395	18	-71	-52	-105	-647
Net Cash From Continuing Investing Activities	53	-31	-47	-28	290	-395	18	-71	-52	-105	-647
Purchase of Property, Plant & Equipment	-63	-40	-74	676	-20	-31	-58	825	-29	-41	-884
Purchase of Investments	-90	-127	-64	-60	-34	-35	-149	-310	-393	-248	-80
Sale of Property, Plant & Equipment	48	-	0.20	-	0.60	0.20	0.00	0.20	-	-	-
Sale and/or Maturity of Investments	158	136	91	57	345	372	228	275	370	184	317
Net Cash From Financing Activities	-15	-3.10	60	3.70	-328	4.10	-13	332	-5.80	-3.60	-59
Net Cash From Continuing Financing Activities	-15	-3.10	60	3.70	-328	4.10	-13	332	-5.80	-3.60	-59
Repayment of Debt	-2.50	-2.50	-0.40	-	-323	-	0.00	-133	-	-5.00	-0.90
Issuance of Common Equity	0.20	-	-	7.10	-	-	-	8.50	0.90	-	-
Other Financing Activities, net	-13	-8.70	-16	-3.40	-4.50	-3.20	-13	-3.80	-6.70	-4.30	-22
Cash Interest Paid	0.20	9.40	0.10	9.30	0.50	9.30	0.60	4.80	0.60	4.80	0.60
Cash Income Taxes Paid	17	-2.70	-4.20	8.70	30	3.70	19	0.90	28	9.20	29

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Total Assets	3,932	4,632	4,162	3,552	3,293	2,717	1,582	1,233	726	513
Total Current Assets	1,590	2,778	3,139	2,437	2,050	1,333	1,127	930	490	311
Cash & Equivalents	437	859	1,290	774	298	433	397	273	157	15
Short-Term Investments	450	1,155	1,259	1,172	1,256	336	314	282	0.00	-
Inventories, net	398	409	250	196	189	229	174	145	101	100
Prepaid Expenses	110	110	78	82	74	98	45	64	61	46
Other Current Assets	195	-	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	573	490	361	0.00	0.00	433	307	274	183	143
Total Noncurrent Assets	1,769	1,365	663	1,115	1,243	951	147	29	53	59
Goodwill	1,056	695	369	369	369	369	11	22	20	27
Intangible Assets	618	459	156	241	317	395	7.00	-	-	-
Noncurrent Deferred & Refundable Income Taxes	11	116	27	73	81	170	126	3.90	32	30
Other Noncurrent Operating Assets	85	94	111	432	476	17	3.50	3.70	1.60	0.90
Total Liabilities & Shareholders' Equity	3,932	4,632	4,162	3,552	3,293	2,717	1,582	1,233	726	513
Total Liabilities	2,975	3,276	2,287	1,579	1,543	1,220	620	578	193	132
Total Current Liabilities	269	634	717	665	283	294	214	184	174	122
Short-Term Debt	0.00	312	410	391	0.00	5.00	0.00	-	-	-
Accounts Payable	126	169	157	117	151	161	127	115	118	78
Accrued Expenses	52	51	45	33	24	47	34	19	15	12
Current Employee Benefit Liabilities	36	39	55	54	53	42	32	28	27	18
Other Current Liabilities	55	62	51	70	55	39	22	23	12	11
Total Noncurrent Liabilities	2,705	2,643	1,571	914	1,260	926	406	394	19	9.80
Long-Term Debt	2,503	2,500	1,466	790	1,120	836	334	318	0.00	-
Noncurrent Deferred & Payable Income Tax Liabilities	56	3.40	13	36	47	56	0.30	-	-	-
Other Noncurrent Operating Liabilities	146	139	92	89	94	34	71	77	19	9.80
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	957	1,356	1,875	1,973	1,749	1,497	926	619	497	381
Total Preferred & Common Equity	957	1,356	1,875	1,973	1,749	1,497	926	619	497	381
Total Common Equity	957	1,356	1,875	1,973	1,749	1,497	926	619	497	381
Common Stock	1,835	1,692	2,004	1,744	1,677	1,361	753	695	468	0.00
Retained Earnings	-887	-341	-129	221	65	129	166	-83	20	0.00
Accumulated Other Comprehensive Income / (Loss)	9.30	4.10	0.40	8.20	7.90	7.10	6.40	7.40	9.40	13

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 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	3/30/2024	12/30/2023	9/30/2023	4/1/2023	12/31/2022	10/1/2022	4/2/2022
Total Assets	3,975	3,966	3,970	4,205	4,656	4,545	4,354	4,418	4,387	4,134
Total Current Assets	1,667	1,651	1,636	1,650	2,062	2,692	2,464	2,493	2,438	3,101
Cash & Equivalents	516	480	489	425	469	862	549	592	605	1,130
Short-Term Investments	350	417	427	446	755	1,083	1,118	1,088	1,020	1,434
Accounts Receivable	256	-	-	-	-	-	278	-	341	242
Inventories, net	423	402	403	421	472	428	410	367	366	224
Prepaid Expenses	122	126	118	129	118	99	108	115	107	70
Plant, Property, & Equipment, net	693	663	638	579	582	512	483	488	478	356
Total Noncurrent Assets	1,614	1,651	1,695	1,976	2,012	1,342	1,408	1,438	1,471	677
Goodwill	1,061	1,061	1,061	1,056	1,055	695	696	698	694	369
Intangible Assets	500	535	574	689	731	435	498	540	576	177
Noncurrent Deferred & Refundable Income Taxes	13	11	13	139	130	128	116	100	101	20
Other Noncurrent Operating Assets	41	45	48	92	96	83	97	100	101	111
Total Liabilities & Shareholders' Equity	3,975	3,966	3,970	4,205	4,656	4,545	4,354	4,418	4,387	4,134
Total Liabilities	3,096	3,094	3,074	3,028	3,378	3,234	2,816	2,875	2,861	2,221
Total Current Liabilities	353	347	305	318	658	594	769	814	803	661
Short-Term Debt	10	9.80	11	0.00	320	316	426	421	420	406
Accounts Payable	195	185	163	133	163	135	199	206	206	127
Accrued Expenses	44	46	40	62	66	59	60	62	53	37
Current Employee Benefit Liabilities	43	40	42	40	50	41	41	61	62	48
Other Current Liabilities	61	66	50	82	60	43	43	65	62	44
Total Noncurrent Liabilities	2,743	2,747	2,769	2,710	2,720	2,641	2,047	2,060	2,058	1,561
Long-Term Debt	2,562	2,561	2,569	2,502	2,502	2,501	1,901	1,900	1,900	1,448
Noncurrent Deferred & Payable Income Tax Liabilities	39	45	53	62	68	13	18	26	25	18
Other Noncurrent Operating Liabilities	141	140	146	146	151	127	129	134	134	96
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	880	872	896	1,177	1,278	1,311	1,538	1,544	1,526	1,912
Total Preferred & Common Equity	880	872	896	1,177	1,278	1,311	1,538	1,544	1,526	1,912
Total Common Equity	880	872	896	1,177	1,278	1,311	1,538	1,544	1,526	1,912
Common Stock	1,943	1,893	1,854	1,803	1,776	1,714	1,672	1,642	1,596	1,974
Retained Earnings	-1,075	-1,030	-970	-635	-508	-409	-141	-101	-70	-61
Accumulated Other Comprehensive Income / (Loss)	11	10	12	8.80	9.20	5.20	7.10	3.40	-0.20	-1.20

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-23.08%	3.18%	-1.73%	3.82%	7.24%	25.45%	24.57%	10.92%	7.87%	2.35%
EBITDA Growth	-125.43%	-58.40%	-27.68%	62.25%	102.40%	-3.27%	1,946.61%	-81.65%	142.64%	-51.47%
EBIT Growth	-455.90%	-121.22%	-40.49%	124.97%	7,750.00%	-97.97%	371.82%	-659.79%	139.59%	-350.00%
NOPAT Growth	-275.11%	-131.56%	-43.25%	184.95%	1,149.38%	-105.64%	705.02%	202.20%	167.31%	-272.44%
Net Income Growth	-315.27%	-166.16%	-49.94%	193.21%	472.25%	-114.67%	342.05%	-1,202.15%	373.53%	-131.78%
EPS Growth	-320.73%	-172.01%	-47.14%	189.71%	424.07%	-114.14%	323.39%	-3,320.00%	16.67%	-133.33%
Operating Cash Flow Growth	-86.26%	-60.85%	-37.82%	40.89%	58.83%	33.37%	191.18%	-1.85%	821.28%	-85.03%
Free Cash Flow Firm Growth	29.95%	-494.35%	-53.28%	35.89%	141.25%	-1,095.72%	1,460.86%	-819.46%	101.54%	78.19%
Invested Capital Growth	19.49%	79.18%	-0.44%	-8.24%	-16.17%	168.47%	40.26%	10.82%	2.73%	15.96%
Revenue Q/Q Growth	-4.40%	-2.82%	1.78%	1.40%	-2.13%	7.08%	6.70%	-1.86%	3.77%	0.00%
EBITDA Q/Q Growth	-569.60%	-25.72%	4.34%	1.91%	2.69%	3.27%	43.49%	-71.77%	90.24%	0.00%
EBIT Q/Q Growth	-30.13%	-304.59%	5.73%	3.11%	20.58%	-94.88%	85.43%	-205.06%	149.49%	0.00%
NOPAT Q/Q Growth	-21.74%	-2,529.55%	6.56%	7.66%	17.82%	-178.12%	1.27%	-11.52%	219.33%	0.00%
Net Income Q/Q Growth	-54.29%	-258.58%	7.11%	7.03%	18.55%	-258.95%	55.35%	-207.81%	144.71%	0.00%
EPS Q/Q Growth	-54.37%	-257.41%	8.06%	7.42%	21.53%	-205.88%	72.85%	-210.91%	91.07%	0.00%
Operating Cash Flow Q/Q Growth	-35.68%	-26.58%	-2.11%	0.20%	-0.94%	37.54%	10.99%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	15.87%	-3.36%	-16.51%	4.94%	15.39%	4.10%	324.55%	-104.82%	0.00%	0.00%
Invested Capital Q/Q Growth	-8.36%	-2.00%	0.03%	-5.28%	-5.26%	-2.61%	6.39%	73.74%	5.85%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.50%	32.20%	46.05%	44.93%	38.73%	27.21%	34.63%	31.76%	30.71%	30.81%
EBITDA Margin	-4.32%	13.06%	32.40%	44.02%	28.17%	14.92%	19.36%	1.18%	7.12%	3.17%
Operating Margin	-31.93%	-6.55%	17.71%	30.24%	12.16%	-1.38%	11.21%	4.75%	1.27%	-2.80%
EBIT Margin	-27.36%	-3.79%	18.41%	30.40%	14.03%	0.19%	11.83%	-5.42%	1.07%	-2.93%
Profit (Net Income) Margin	-40.21%	-7.45%	11.61%	22.80%	8.07%	-2.33%	19.88%	-10.23%	1.03%	-0.41%
Tax Burden Percent	134.71%	128.52%	84.60%	85.79%	77.74%	109.31%	191.73%	171.40%	95.88%	13.88%
Interest Burden Percent	109.09%	153.06%	74.56%	87.41%	74.01%	-1,110.00%	87.67%	110.13%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	15.40%	14.21%	22.26%	0.00%	-91.73%	0.00%	4.12%	0.00%
Return on Invested Capital (ROIC)	-12.85%	-4.83%	21.30%	35.84%	11.00%	-1.40%	53.57%	8.40%	2.97%	-4.80%
ROIC Less NNEP Spread (ROIC-NNEP)	-32.96%	-85.80%	29.32%	44.98%	23.83%	12.55%	60.12%	77.19%	4.98%	-80.27%
Return on Net Nonoperating Assets (RNNOA)	-34.40%	-3.32%	-10.96%	-14.49%	-2.65%	-1.56%	-22.88%	-25.66%	-0.94%	3.86%
Return on Equity (ROE)	-47.25%	-8.15%	10.34%	21.35%	8.35%	-2.96%	30.70%	-17.26%	2.04%	-0.95%
Cash Return on Invested Capital (CROIC)	-30.61%	-61.55%	21.74%	44.43%	28.59%	-92.85%	20.06%	-1.86%	0.28%	-19.59%
Operating Return on Assets (OROA)	-8.69%	-1.52%	8.18%	15.48%	7.84%	0.14%	10.49%	-5.54%	1.57%	-4.88%
Return on Assets (ROA)	-12.76%	-2.99%	5.16%	11.61%	4.51%	-1.69%	17.63%	-10.46%	1.50%	-0.68%
Return on Common Equity (ROCE)	-47.25%	-8.15%	10.34%	21.35%	8.35%	-2.92%	29.34%	-16.22%	1.96%	-0.95%
Return on Equity Simple (ROE_SIMPLE)	-57.09%	-9.71%	10.61%	20.14%	7.75%	-2.43%	26.79%	-16.56%	1.87%	-0.89%
Net Operating Profit after Tax (NOPAT)	-304	-81	257	452	159	-15	268	33	11	-16
NOPAT Margin	-22.35%	-4.58%	14.98%	25.94%	9.45%	-0.97%	21.50%	3.33%	1.22%	-1.96%
Net Nonoperating Expense Percent (NNEP)	20.11%	80.98%	-8.02%	-9.14%	-12.83%	-13.96%	-6.55%	-68.79%	-2.01%	75.47%
Cost of Revenue to Revenue	81.50%	67.80%	53.95%	55.07%	61.27%	72.79%	65.37%	68.24%	69.29%	69.19%
SG&A Expenses to Revenue	22.86%	19.74%	15.51%	13.85%	14.01%	12.80%	10.27%	11.00%	12.99%	15.40%
R&D to Revenue	22.23%	17.42%	12.89%	12.31%	11.83%	11.79%	12.57%	14.81%	15.63%	16.82%
Operating Expenses to Revenue	50.43%	38.75%	28.34%	14.69%	26.58%	28.59%	23.42%	27.01%	29.44%	33.60%
Earnings before Interest and Taxes (EBIT)	-372	-67	315	530	236	3.00	148	-54	9.70	-25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-59	231	555	767	473	234	242	12	64	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.60	2.87	2.86	3.21	3.26	2.73	3.91	5.64	2.82	0.00
Price to Tangible Book Value (P/TBV)	0.00	19.34	3.98	4.65	5.36	5.57	3.99	5.84	2.94	0.00
Price to Revenue (P/Rev)	2.53	2.21	3.14	3.64	3.40	2.61	2.91	3.48	1.55	0.00
Price to Earnings (P/E)	0.00	0.00	27.00	15.95	42.08	0.00	15.01	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%
Earnings Yield	0.00%	0.00%	3.70%	6.27%	2.38%	0.00%	6.66%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.97	2.18	3.91	4.61	4.00	2.65	5.62	7.89	3.41	0.00
Enterprise Value to Revenue (EV/Rev)	3.72	2.66	2.74	3.20	3.14	2.65	2.63	3.28	1.42	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	20.34	8.47	7.26	11.14	17.78	13.59	278.53	19.92	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	14.90	10.51	22.37	1,384.31	22.24	0.00	132.03	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	18.30	12.32	33.21	0.00	12.24	98.64	116.15	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	204.79	26.11	10.23	7.54	10.05	12.58	13.26	38.67	14.79	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	17.93	9.94	12.77	0.00	32.69	0.00	1,248.50	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.61	2.07	1.00	0.60	0.64	0.56	0.35	0.49	0.00	0.00
Long-Term Debt to Equity	2.61	1.84	0.78	0.40	0.64	0.56	0.35	0.49	0.00	0.00
Financial Leverage	1.04	0.04	-0.37	-0.32	-0.11	-0.12	-0.38	-0.33	-0.19	-0.05
Leverage Ratio	3.70	2.72	2.00	1.84	1.85	1.75	1.74	1.65	1.36	1.40
Compound Leverage Factor	4.04	4.17	1.49	1.61	1.37	-19.40	1.53	1.82	1.36	1.40
Debt to Total Capital	72.34%	67.47%	50.01%	37.44%	39.04%	35.97%	25.79%	32.66%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	7.48%	10.93%	12.39%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	72.34%	59.99%	39.09%	25.05%	39.04%	35.75%	25.79%	32.66%	0.00%	0.00%
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%	0.00%	0.00%	0.00%	0.00%	0.00%	2.76%	3.68%	6.71%	0.00%
Common Equity to Total Capital	27.66%	32.53%	49.99%	62.56%	60.96%	64.03%	71.45%	63.66%	93.29%	100.00%
Debt to EBITDA	-42.64	12.18	3.38	1.54	2.37	3.60	1.38	26.91	0.00	0.00
Net Debt to EBITDA	-27.53	3.46	-1.21	-1.00	-0.92	0.31	-1.56	-20.15	0.00	0.00
Long-Term Debt to EBITDA	-42.64	10.83	2.64	1.03	2.37	3.58	1.38	26.91	0.00	0.00
Debt to NOPAT	-8.24	-34.72	7.31	2.61	7.06	-55.62	1.25	9.53	0.00	0.00
Net Debt to NOPAT	-5.32	-9.85	-2.62	-1.69	-2.73	-4.79	-1.41	-7.14	0.00	0.00
Long-Term Debt to NOPAT	-8.24	-30.87	5.71	1.75	7.06	-55.28	1.25	9.53	0.00	0.00
Altman Z-Score	0.82	1.50	2.73	4.08	3.63	3.11	5.45	4.92	6.20	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	1.46%	4.43%	6.03%	3.92%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.90	4.38	4.38	3.67	7.24	4.53	5.27	5.05	2.82	2.54
Quick Ratio	3.29	3.57	3.92	3.25	6.32	3.42	4.25	3.92	1.89	1.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-724	-1,033	262	561	412	-1,000	100	-7.38	1.03	-67
Operating Cash Flow to CapEx	18.68%	140.25%	541.63%	1,033.15%	582.56%	197.31%	265.56%	61.55%	105.61%	17.57%
Free Cash Flow to Firm to Interest Expense	-21.41	-29.09	3.27	8.40	6.74	-27.55	5.52	-1.34	0.00	0.00
Operating Cash Flow to Interest Expense	0.73	5.06	5.73	11.08	8.57	9.09	13.60	15.45	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.18	1.45	4.67	10.00	7.10	4.48	8.48	-9.65	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.40	0.44	0.51	0.56	0.73	0.89	1.02	1.46	1.67
Accounts Receivable Turnover	0.00	6.96	7.21	7.81	7.12	7.20	6.87	5.95	5.63	5.83
Inventory Turnover	2.75	3.64	4.14	4.98	4.92	5.66	5.11	5.56	6.25	5.90
Fixed Asset Turnover	2.56	4.16	0.00	0.00	0.00	4.23	4.30	4.38	5.53	5.99
Accounts Payable Turnover	7.49	7.35	6.75	7.17	6.60	7.93	6.76	5.86	6.38	7.24
Days Sales Outstanding (DSO)	0.00	52.48	50.60	46.74	51.26	50.73	53.15	61.37	64.88	62.57
Days Inventory Outstanding (DIO)	132.96	100.34	88.19	73.27	74.13	64.53	71.45	65.63	58.42	61.82
Days Payable Outstanding (DPO)	48.72	49.68	54.04	50.91	55.30	46.02	53.99	62.24	57.23	50.41
Cash Conversion Cycle (CCC)	84.24	103.15	84.75	69.10	70.09	69.24	70.61	64.76	66.07	73.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,574	2,154	1,202	1,207	1,316	1,570	585	417	376	366
Invested Capital Turnover	0.58	1.05	1.42	1.38	1.16	1.45	2.49	2.53	2.43	2.46
Increase / (Decrease) in Invested Capital	420	952	-5.30	-108	-254	985	168	41	10	50
Enterprise Value (EV)	5,058	4,695	4,697	5,570	5,269	4,153	3,283	3,287	1,281	0.00
Market Capitalization	3,442	3,897	5,370	6,335	5,702	4,081	3,625	3,489	1,402	0.00
Book Value per Share	$14.16	$19.74	$27.17	$25.99	$23.35	$19.60	$14.79	$10.12	$8.39	$6.47
Tangible Book Value per Share	($10.59)	$2.93	$19.57	$17.95	$14.20	$9.59	$14.50	$9.77	$8.05	$6.01
Total Capital	3,461	4,167	3,751	3,153	2,870	2,338	1,296	972	533	381
Total Debt	2,503	2,812	1,876	1,181	1,120	841	334	318	0.00	0.00
Total Long-Term Debt	2,503	2,500	1,466	790	1,120	836	334	318	0.00	0.00
Net Debt	1,616	798	-673	-766	-434	72	-377	-238	-157	-15
Capital Expenditures (CapEx)	132	128	85	72	90	167	93	138	82	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	434	442	284	217	213	275	202	191	159	174
Debt-free Net Working Capital (DFNWC)	1,321	2,456	2,833	2,163	1,767	1,044	913	746	316	189
Net Working Capital (NWC)	1,321	2,144	2,423	1,772	1,767	1,039	913	746	316	189
Net Nonoperating Expense (NNE)	243	51	58	55	23	21	20	136	1.73	-13
Net Nonoperating Obligations (NNO)	1,616	798	-673	-766	-434	72	-377	-238	-157	-15
Total Depreciation and Amortization (D&A)	313	298	240	237	237	231	94	66	55	51
Debt-free, Cash-free Net Working Capital to Revenue	31.92%	25.02%	16.56%	12.45%	12.70%	17.59%	16.17%	19.05%	17.57%	20.80%
Debt-free Net Working Capital to Revenue	97.17%	138.98%	165.40%	124.10%	105.27%	66.68%	73.19%	74.49%	34.97%	22.53%
Net Working Capital to Revenue	97.17%	121.34%	141.46%	101.69%	105.27%	66.36%	73.19%	74.49%	34.97%	22.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($8.12)	($1.93)	$2.79	$5.27	$1.79	($0.54)	$3.88	($1.71)	($0.05)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	67.30M	68.30M	71.20M	75.40M	75.90M	70.70M	62.30M	60.60M	59.10M	58.92M
Adjusted Diluted Earnings per Share	($8.12)	($1.93)	$2.68	$5.07	$1.75	($0.54)	$3.82	($1.71)	($0.05)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	67.30M	68.30M	74.20M	78.40M	77.60M	70.70M	63.30M	60.60M	59.10M	58.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.06)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	68M	66.70M	68.10M	72.70M	75.20M	76.90M	63.30M	61.52M	60.08M	58.80M
Normalized Net Operating Profit after Tax (NOPAT)	-253	-61	256	459	168	29	103	42	18	-8.26
Normalized NOPAT Margin	-18.61%	-3.47%	14.93%	26.32%	10.02%	1.83%	8.25%	4.17%	2.01%	-0.99%
Pre Tax Income Margin	-29.85%	-5.80%	13.73%	26.57%	10.38%	-2.13%	10.37%	-5.97%	1.07%	-2.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.00	-1.88	3.93	7.94	3.85	0.08	8.11	-9.87	0.00	0.00
NOPAT to Interest Expense	-8.99	-2.28	3.20	6.78	2.59	-0.42	14.74	6.06	0.00	0.00
EBIT Less CapEx to Interest Expense	-14.91	-5.50	2.87	6.87	2.38	-4.53	2.99	-34.98	0.00	0.00
NOPAT Less CapEx to Interest Expense	-12.90	-5.89	2.14	5.71	1.12	-5.03	9.62	-19.05	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-1.92%	0.28%	0.88%	5.38%	0.00%
Augmented Payout Ratio	0.00%	-133.43%	273.45%	59.40%	147.60%	-1.92%	0.28%	0.88%	5.38%	0.00%

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.02%	9.65%	6.08%	-16.86%	-4.41%	-27.51%	-37.33%	-12.15%	-3.03%	13.28%	13.02%
EBITDA Growth	208.73%	230.63%	-196.00%	-145.01%	-174.36%	-136.94%	-97.35%	-61.94%	-74.82%	-58.21%	-45.68%
EBIT Growth	65.96%	60.02%	-23.66%	-239.17%	-146.00%	-404.40%	-318.32%	-156.60%	-181.63%	-121.11%	-76.57%
NOPAT Growth	67.10%	50.95%	-1.98%	-138.64%	-122.96%	-380.37%	-19,591.26%	-175.52%	-186.64%	-121.93%	-100.30%
Net Income Growth	65.28%	38.55%	-21.35%	-319.44%	-223.16%	-212.62%	-16,875.00%	-273.49%	-251.15%	-155.91%	-100.49%
EPS Growth	65.96%	40.14%	-18.63%	-321.35%	-229.82%	-219.57%	-10,100.00%	-278.00%	-262.86%	-161.33%	-100.93%
Operating Cash Flow Growth	77.14%	1,720.00%	1,821.74%	-27.85%	-146.98%	-101.58%	-111.06%	-56.96%	-80.55%	-54.04%	-66.40%
Free Cash Flow Firm Growth	128.43%	138.25%	-2,253.09%	48.22%	33.08%	22.66%	98.03%	-1,834.94%	-1,001.94%	-529.68%	-716.32%
Invested Capital Growth	-7.93%	-11.43%	17.26%	19.49%	27.77%	31.64%	-1.72%	79.18%	82.89%	80.39%	73.18%
Revenue Q/Q Growth	5.72%	19.38%	9.28%	-15.88%	-0.08%	15.49%	-14.35%	-3.29%	-24.23%	-0.16%	20.07%
EBITDA Q/Q Growth	-5.52%	1,308.33%	89.14%	-8.87%	-7.98%	-988.00%	-94.91%	79.85%	-54.58%	-36.27%	-26.90%
EBIT Q/Q Growth	8.72%	50.20%	39.64%	-24.09%	-7.19%	-54.03%	-65.56%	10.00%	-119.78%	-166.67%	-57.08%
NOPAT Q/Q Growth	26.94%	37.38%	38.23%	-16.40%	-8.94%	-30.20%	-44.54%	-8.75%	-134.70%	-5,237.11%	-100.55%
Net Income Q/Q Growth	27.59%	26.09%	67.37%	-98.82%	-28.15%	-45.95%	-12.79%	-53.18%	-23.97%	-7,825.00%	-101.15%
EPS Q/Q Growth	27.27%	27.27%	67.73%	-99.47%	-27.89%	-44.12%	-14.61%	-56.14%	-23.91%	-4,500.00%	-102.00%
Operating Cash Flow Q/Q Growth	-106.58%	-38.64%	11.55%	607.14%	-366.67%	34.78%	-104.67%	230.20%	-84.30%	356.25%	-81.80%
Free Cash Flow Firm Q/Q Growth	-32.88%	167.33%	15.34%	25.71%	9.68%	-4,042.15%	98.14%	3.99%	-4.38%	-5.31%	-1,743.82%
Invested Capital Q/Q Growth	1.53%	-0.52%	-0.53%	-8.36%	-2.33%	31.70%	1.36%	-2.00%	0.62%	-1.67%	84.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.81%	24.76%	23.12%	16.64%	16.23%	17.45%	24.15%	24.16%	29.21%	32.85%	39.70%
EBITDA Margin	6.44%	7.21%	-0.71%	-7.17%	-5.54%	-6.05%	0.79%	13.24%	7.12%	11.88%	18.61%
Operating Margin	-8.87%	-12.83%	-24.46%	-43.27%	-31.27%	-28.68%	-25.44%	-15.08%	-13.41%	-4.33%	2.66%
EBIT Margin	-7.88%	-9.12%	-21.88%	-39.60%	-26.85%	-25.03%	-18.77%	-9.71%	-10.43%	-3.60%	5.39%
Profit (Net Income) Margin	-10.37%	-15.14%	-24.46%	-81.90%	-34.65%	-27.02%	-21.38%	-16.24%	-10.25%	-6.26%	-0.08%
Tax Burden Percent	112.50%	143.97%	104.04%	198.04%	118.25%	97.64%	97.98%	132.60%	80.70%	116.97%	-2.13%
Interest Burden Percent	117.01%	115.26%	107.46%	104.42%	109.15%	110.57%	116.28%	126.11%	121.75%	148.90%	68.86%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	102.13%
Return on Invested Capital (ROIC)	-3.39%	-4.68%	-9.95%	-17.42%	-12.43%	-11.42%	-12.76%	-11.11%	-10.04%	-3.27%	-0.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.45%	-6.20%	-11.90%	-30.60%	-16.52%	-13.69%	-14.21%	-44.83%	3.08%	15.94%	-3.82%
Return on Net Nonoperating Assets (RNNOA)	-7.22%	-9.43%	-13.68%	-31.94%	-13.94%	-10.86%	-7.85%	-1.73%	-0.05%	-0.76%	-0.01%
Return on Equity (ROE)	-10.61%	-14.12%	-23.63%	-49.35%	-26.37%	-22.28%	-20.61%	-12.85%	-10.08%	-4.03%	-0.06%
Cash Return on Invested Capital (CROIC)	0.34%	2.26%	-28.74%	-30.61%	-34.36%	-35.43%	-4.95%	-61.55%	-58.78%	-54.62%	-44.88%
Operating Return on Assets (OROA)	-2.84%	-2.99%	-7.08%	-12.57%	-8.92%	-7.94%	-6.63%	-3.90%	-4.47%	-1.64%	2.41%
Return on Assets (ROA)	-3.73%	-4.97%	-7.92%	-26.00%	-11.51%	-8.57%	-7.55%	-6.52%	-4.39%	-2.85%	-0.04%
Return on Common Equity (ROCE)	-10.61%	-14.12%	-23.63%	-49.35%	-26.37%	-22.28%	-20.61%	-12.85%	-10.08%	-4.03%	-0.06%
Return on Equity Simple (ROE_SIMPLE)	-50.02%	-59.93%	-62.62%	0.00%	-30.10%	-20.86%	-15.19%	0.00%	-2.39%	1.85%	7.67%
Net Operating Profit after Tax (NOPAT)	-26	-36	-58	-93	-80	-74	-57	-39	-36	-15	-0.29
NOPAT Margin	-6.21%	-8.98%	-17.12%	-30.29%	-21.89%	-20.08%	-17.81%	-10.55%	-9.38%	-3.03%	-0.06%
Net Nonoperating Expense Percent (NNEP)	1.06%	1.51%	1.95%	13.18%	4.08%	2.28%	1.45%	33.71%	-13.12%	-19.20%	3.76%
Return On Investment Capital (ROIC_SIMPLE)	-0.76%	-1.05%	-	-	-	-1.80%	-	-	-	-	-
Cost of Revenue to Revenue	71.19%	75.24%	76.88%	83.36%	83.77%	82.55%	75.85%	75.84%	70.79%	67.15%	60.30%
SG&A Expenses to Revenue	26.34%	18.97%	22.65%	24.29%	21.20%	23.20%	22.98%	18.42%	19.93%	19.45%	20.86%
R&D to Revenue	17.85%	18.45%	22.05%	23.74%	21.06%	21.35%	23.14%	19.93%	22.27%	14.98%	14.34%
Operating Expenses to Revenue	37.68%	37.59%	47.58%	59.91%	47.50%	46.13%	49.59%	39.24%	42.62%	37.17%	37.04%
Earnings before Interest and Taxes (EBIT)	-34	-37	-74	-122	-98	-92	-60	-36	-40	-18	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	29	-2.40	-22	-20	-22	2.50	49	27	60	94
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.92	6.64	4.90	3.60	2.71	2.75	2.30	2.87	2.41	2.31	3.06
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	16.70	19.34	10.77	11.65	18.19
Price to Revenue (P/Rev)	2.94	4.10	3.18	2.53	2.24	2.44	1.91	2.21	2.03	1.94	2.64
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	124.41	39.91
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.80%	2.51%
Enterprise Value to Invested Capital (EV/IC)	2.33	2.93	2.36	1.97	1.72	1.78	1.78	2.18	1.98	1.92	2.42
Enterprise Value to Revenue (EV/Rev)	4.10	5.28	4.39	3.72	3.39	3.55	2.46	2.66	2.40	2.29	3.03
Enterprise Value to EBITDA (EV/EBITDA)	150.16	0.00	0.00	0.00	385.83	90.12	27.96	20.34	14.03	10.72	11.28
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	133.32	34.50	23.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	90.93	35.21
Enterprise Value to Operating Cash Flow (EV/OCF)	61.72	80.84	90.87	204.79	125.60	84.74	24.80	26.11	17.80	13.69	12.83
Enterprise Value to Free Cash Flow (EV/FCFF)	661.18	122.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.93	2.95	2.88	2.61	2.13	2.21	2.15	2.07	1.51	1.50	1.52
Long-Term Debt to Equity	2.91	2.94	2.87	2.61	2.13	1.96	1.91	1.84	1.24	1.23	1.24
Financial Leverage	1.62	1.52	1.15	1.04	0.84	0.79	0.55	0.04	-0.01	-0.05	0.00
Leverage Ratio	3.98	4.01	3.86	3.70	3.15	3.22	3.15	2.72	2.46	2.25	2.26
Compound Leverage Factor	4.65	4.62	4.15	3.87	3.44	3.56	3.66	3.43	3.00	3.36	1.56
Debt to Total Capital	74.52%	74.67%	74.23%	72.34%	68.02%	68.83%	68.24%	67.47%	60.21%	60.06%	60.31%
Short-Term Debt to Total Capital	0.30%	0.28%	0.31%	0.00%	0.00%	7.80%	7.65%	7.48%	11.03%	10.89%	10.93%
Long-Term Debt to Total Capital	74.23%	74.38%	73.91%	72.34%	68.02%	61.03%	60.59%	59.99%	49.18%	49.17%	49.39%
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	25.48%	25.33%	25.77%	27.66%	31.98%	31.17%	31.76%	32.53%	39.79%	39.94%	39.69%
Debt to EBITDA	64.00	-207.34	-40.57	-42.64	200.19	49.76	20.26	12.18	7.49	5.92	4.88
Net Debt to EBITDA	42.44	-135.02	-26.16	-27.53	130.52	28.17	6.28	3.46	2.12	1.64	1.46
Long-Term Debt to EBITDA	63.74	-206.55	-40.40	-42.64	200.19	44.12	17.99	10.83	6.12	4.85	3.99
Debt to NOPAT	-12.05	-9.61	-8.46	-8.24	-10.03	-13.74	-19.16	-34.72	-755.52	50.27	15.23
Net Debt to NOPAT	-7.99	-6.26	-5.46	-5.32	-6.54	-7.78	-5.93	-9.85	-214.22	13.87	4.56
Long-Term Debt to NOPAT	-12.00	-9.58	-8.43	-8.24	-10.03	-12.19	-17.01	-30.87	-617.14	41.16	12.47
Altman Z-Score	1.20	1.48	1.20	1.02	1.06	1.08	1.29	1.52	1.60	1.57	1.83
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	4.72	4.76	5.36	5.90	5.20	3.13	4.53	4.38	3.20	3.06	3.04
Quick Ratio	3.18	2.58	3.00	3.29	2.74	1.86	3.27	3.57	2.53	2.06	2.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	196	292	-434	-513	-691	-765	-18	-991	-1,032	-989	-939
Operating Cash Flow to CapEx	-10.74%	60.45%	53.59%	0.00%	-36.84%	-4.87%	-3.98%	0.00%	50.68%	233.17%	2.35%
Free Cash Flow to Firm to Interest Expense	34.44	52.23	-78.98	-95.01	-76.74	-78.83	-1.90	-105.42	-118.63	-111.09	-110.46
Operating Cash Flow to Interest Expense	-0.28	4.34	7.20	6.57	-0.78	-0.15	-0.24	5.23	1.71	10.66	2.45
Operating Cash Flow Less CapEx to Interest Expense	-2.89	-2.84	-6.24	131.81	-2.89	-3.33	-6.20	93.05	-1.67	6.09	-101.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.33	0.32	0.32	0.33	0.32	0.35	0.40	0.43	0.46	0.45
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.96	6.99	0.00	5.87
Inventory Turnover	2.66	2.58	2.71	2.75	2.72	2.61	2.85	3.64	3.65	3.87	3.54
Fixed Asset Turnover	2.32	2.27	2.40	2.56	2.68	2.69	3.19	4.16	4.33	0.00	0.00
Accounts Payable Turnover	6.82	6.47	7.56	7.49	6.82	5.95	6.66	7.35	7.11	6.88	6.60
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	52.48	52.21	0.00	62.21
Days Inventory Outstanding (DIO)	137.30	141.71	134.76	132.96	133.97	139.60	127.89	100.34	100.02	94.20	103.23
Days Payable Outstanding (DPO)	53.48	56.37	48.26	48.72	53.55	61.36	54.80	49.68	51.33	53.05	55.34
Cash Conversion Cycle (CCC)	83.82	85.33	86.50	84.24	80.42	78.24	73.09	103.15	100.90	41.15	110.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,586	2,547	2,560	2,574	2,808	2,875	2,183	2,154	2,198	2,184	2,221
Invested Capital Turnover	0.55	0.52	0.58	0.58	0.57	0.57	0.72	1.05	1.07	1.08	1.01
Increase / (Decrease) in Invested Capital	-223	-329	377	420	610	691	-38	952	996	973	939
Enterprise Value (EV)	6,037	7,470	6,052	5,058	4,823	5,110	3,886	4,695	4,359	4,199	5,364
Market Capitalization	4,331	5,796	4,388	3,442	3,191	3,512	3,014	3,897	3,700	3,558	4,670
Book Value per Share	$12.71	$12.70	$13.18	$14.16	$17.46	$19.07	$19.65	$19.74	$22.45	$22.63	$22.41
Tangible Book Value per Share	($9.84)	($10.53)	($10.87)	($10.59)	($8.42)	($7.57)	$2.71	$2.93	$5.01	$4.48	$3.77
Total Capital	3,452	3,443	3,476	3,461	3,679	4,099	4,127	4,167	3,865	3,865	3,846
Total Debt	2,573	2,571	2,580	2,503	2,502	2,821	2,817	2,812	2,327	2,321	2,320
Total Long-Term Debt	2,562	2,561	2,569	2,503	2,502	2,502	2,501	2,500	1,901	1,900	1,900
Net Debt	1,706	1,674	1,664	1,616	1,632	1,597	872	798	660	641	695
Capital Expenditures (CapEx)	15	40	74	-676	19	31	58	-826	29	41	884
Debt-free, Cash-free Net Working Capital (DFCFNWC)	458	418	426	434	462	499	469	442	454	419	431
Debt-free Net Working Capital (DFNWC)	1,325	1,314	1,342	1,321	1,332	1,723	2,414	2,456	2,121	2,099	2,056
Net Working Capital (NWC)	1,314	1,305	1,331	1,321	1,332	1,404	2,098	2,144	1,695	1,678	1,636
Net Nonoperating Expense (NNE)	18	25	25	159	47	25	11	21	3.32	16	0.11
Net Nonoperating Obligations (NNO)	1,706	1,674	1,664	1,616	1,632	1,597	872	798	660	641	695
Total Depreciation and Amortization (D&A)	61	66	71	100	78	70	62	85	67	78	67
Debt-free, Cash-free Net Working Capital to Revenue	31.09%	29.54%	30.89%	31.92%	32.46%	34.71%	29.75%	25.02%	24.95%	22.87%	24.33%
Debt-free Net Working Capital to Revenue	89.95%	92.96%	97.34%	97.17%	93.72%	119.80%	152.98%	138.98%	116.64%	114.68%	116.08%
Net Working Capital to Revenue	89.25%	92.26%	96.56%	97.17%	93.72%	97.57%	132.97%	121.34%	93.20%	91.70%	92.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.64)	($0.88)	($1.21)	($3.75)	($1.88)	($1.47)	($1.02)	($0.89)	($0.57)	($0.46)	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	69.30M	68.90M	68.30M	67.30M	67.50M	67.20M	66.70M	68.30M	68.60M	68.30M	68.10M
Adjusted Diluted Earnings per Share	($0.64)	($0.88)	($1.21)	($3.75)	($1.88)	($1.47)	($1.02)	($0.89)	($0.57)	($0.46)	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	69.30M	68.90M	68.30M	67.30M	67.50M	67.20M	66.70M	68.30M	68.60M	68.30M	68.10M
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	69.40M	69.20M	68.70M	68M	67.60M	67.40M	67M	66.70M	68.70M	68.50M	68.20M
Normalized Net Operating Profit after Tax (NOPAT)	-46	-36	-51	-68	-67	-70	-49	-37	-35	-5.60	16
Normalized NOPAT Margin	-10.77%	-8.86%	-15.11%	-21.98%	-18.22%	-18.97%	-15.38%	-9.93%	-9.09%	-1.11%	3.15%
Pre Tax Income Margin	-9.22%	-10.52%	-23.51%	-41.36%	-29.30%	-27.67%	-21.82%	-12.24%	-12.70%	-5.36%	3.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.88	-6.55	-13.40	-22.61	-10.93	-9.46	-6.14	-3.83	-4.60	-2.04	3.21
NOPAT to Interest Expense	-4.63	-6.45	-10.49	-17.29	-8.91	-7.59	-5.83	-4.16	-4.14	-1.72	-0.03
EBIT Less CapEx to Interest Expense	-8.49	-13.73	-26.84	102.63	-13.04	-12.64	-12.10	83.99	-7.98	-6.62	-100.75
NOPAT Less CapEx to Interest Expense	-7.24	-13.63	-23.92	107.95	-11.02	-10.77	-11.79	83.66	-7.51	-6.30	-104.00
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	0.00%	0.00%	0.00%	0.00%	-39.47%	0.00%	0.00%	-133.43%	-357.22%	1,584.27%	417.09%

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. Find out what analysts predict for Lumentum in the coming months.

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 5/21/2025 by MarketBeat.com Staff

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Lumentum (LITE) Financials

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