Stock Analysis on Net
Stock Analysis on Net

Lumentum Holdings Inc. (NASDAQ:LITE)

$24.99

Net Profit Margin
since 2015

Microsoft Excel

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Calculation

Lumentum Holdings Inc., net profit margin, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).

1 US$ in thousands


The financial trajectory from 2015 to 2026 is characterized by extreme volatility in net profit margins, indicating a lack of sustained earnings stability despite an overall upward trend in net revenue.

Profitability Cycles and Volatility
Net profit margins exhibit a cyclical and unstable pattern, alternating between significant profitability and substantial losses. The entity achieved peak margin performance in 2018 at 19.88% and 2021 at 22.80%. However, these peaks were interspersed with periods of negative margins, most notably in 2017 (-10.23%) and 2019 (-2.33%), suggesting sensitivity to market fluctuations or high operational volatility.
Revenue Growth vs. Margin Correlation
A positive correlation between revenue growth and profit margins is not consistently present. While net revenue expanded from approximately 837 million US dollars in 2015 to over 3 billion US dollars by 2026, this growth did not translate into stable bottom-line results. The divergence is most evident in the final recorded period, where the highest revenue level in the series coincided with the most severe net loss.
Recent Financial Deterioration and Anomalies
A sharp decline in profitability is observed starting in 2023, with the net profit margin falling to -7.45%, further plummeting to -40.21% in 2024. Although a marginal recovery to 1.57% occurred in 2025, the 2026 period shows an extreme outlier with a net profit margin of -230.10%. This drastic shift, where net losses reached approximately 6.9 billion US dollars against 3 billion US dollars in revenue, suggests the impact of significant non-operating charges, impairments, or extraordinary losses rather than standard operational deficits.

Comparison to Competitors

Lumentum Holdings Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).


Comparison to Sector (Technology Hardware & Equipment)

Lumentum Holdings Inc., net profit margin, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).


Comparison to Industry (Information Technology)

Lumentum Holdings Inc., net profit margin, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).