Return on Equity (ROE)
since 2015
Calculation
Lumentum Holdings Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jun 27, 2026 | -149.34% | = | 100 | × | (6,935,100) | ÷ | 4,643,900) |
| Jun 28, 2025 | 2.28% | = | 100 | × | 25,900) | ÷ | 1,134,700) |
| Jun 29, 2024 | -57.09% | = | 100 | × | (546,500) | ÷ | 957,300) |
| Jul 1, 2023 | -9.71% | = | 100 | × | (131,600) | ÷ | 1,355,800) |
| Jul 2, 2022 | 10.61% | = | 100 | × | 198,900) | ÷ | 1,875,000) |
| Jul 3, 2021 | 20.14% | = | 100 | × | 397,300) | ÷ | 1,972,800) |
| Jun 27, 2020 | 7.75% | = | 100 | × | 135,500) | ÷ | 1,749,200) |
| Jun 29, 2019 | -2.43% | = | 100 | × | (36,400) | ÷ | 1,497,100) |
| Jun 30, 2018 | 26.79% | = | 100 | × | 248,100) | ÷ | 926,100) |
| Jul 1, 2017 | -16.56% | = | 100 | × | (102,500) | ÷ | 618,800) |
| Jul 2, 2016 | 1.87% | = | 100 | × | 9,300) | ÷ | 497,400) |
| Jun 27, 2015 | -0.89% | = | 100 | × | (3,400) | ÷ | 380,700) |
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 Return on Equity (ROE) for the period analyzed demonstrates extreme instability, characterized by erratic swings between positive returns and substantial negative values. This volatility indicates a lack of consistent profitability and a high sensitivity to fluctuations in net income.
- Earnings Volatility and ROE Correlation
- The ROE mirrors the extreme fluctuations in net income. High peaks, such as 26.79% in 2018 and 20.14% in 2021, coincide with periods of strong net income. Conversely, sharp declines are observed in 2017, 2023, and 2024, with the latter reaching -57.09%. The most extreme deviation occurs in 2026, where a net loss of approximately 6.9 billion US dollars results in an ROE of -149.34%.
- Equity Base Trends
- Stockholders' equity exhibited a steady growth trend from 2015 through 2021, rising from 380.7 million US dollars to a peak of 1.97 billion US dollars. This expansion of the equity base initially served to modulate the impact of periodic net losses. However, a contraction in equity was observed between 2022 and 2024, coinciding with a period of deteriorating ROE. A significant increase in equity to 4.64 billion US dollars is noted in 2026, yet this was insufficient to offset the magnitude of the net loss incurred in that same period.
- Long-term Performance Trajectory
- The overall trajectory shows an inability to maintain a stable positive return on equity. While there were intermittent periods of efficiency, the recent trend is marked by deepening losses. The dramatic shift in 2026 suggests a critical financial inflection point, as the net loss vastly exceeds the equity base, leading to an unprecedented collapse in the ROE ratio.
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Comparison to Competitors
Lumentum Holdings Inc., ROE, long-term trends, comparison to competitors
| Lumentum Holdings Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jun 27, 2026 | -149.34% | — | — | — | — | — |
| Jun 28, 2025 | 2.28% | 151.91% | 28.39% | 21.73% | — | 16.64% |
| Jun 29, 2024 | -57.09% | 164.59% | 28.54% | 22.70% | — | 21.28% |
| Jul 1, 2023 | -9.71% | 156.08% | 28.91% | 28.44% | — | 32.45% |
| Jul 2, 2022 | 10.61% | 196.96% | 27.68% | 29.70% | — | 20.00% |
| Jul 3, 2021 | 20.14% | 150.07% | 21.13% | 25.66% | 131.10% | 10.20% |
| Jun 27, 2020 | 7.75% | 87.87% | 19.11% | 29.57% | — | 7.91% |
| Jun 29, 2019 | -2.43% | 61.06% | 29.71% | 34.62% | — | 7.64% |
| Jun 30, 2018 | 26.79% | 55.56% | 15.31% | 0.25% | — | 5.47% |
| Jul 1, 2017 | -16.56% | 36.07% | 25.46% | 14.53% | — | 8.64% |
| Jul 2, 2016 | 1.87% | 35.62% | 16.63% | 16.89% | — | 9.99% |
| Jun 27, 2015 | -0.89% | 44.74% | 15.37% | 15.04% | — | 16.46% |
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., ROE, long-term trends, comparison to sector (technology hardware & equipment)
| Lumentum Holdings Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 27, 2026 | -149.34% | — |
| Jun 28, 2025 | 2.28% | 94.58% |
| Jun 29, 2024 | -57.09% | 95.15% |
| Jul 1, 2023 | -9.71% | 100.63% |
| Jul 2, 2022 | 10.61% | 122.76% |
| Jul 3, 2021 | 20.14% | 96.47% |
| Jun 27, 2020 | 7.75% | 68.72% |
| Jun 29, 2019 | -2.43% | 52.95% |
| Jun 30, 2018 | 26.79% | 39.07% |
| Jul 1, 2017 | -16.56% | 28.71% |
| Jul 2, 2016 | 1.87% | 29.20% |
| Jun 27, 2015 | -0.89% | 34.61% |
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., ROE, long-term trends, comparison to industry (information technology)
| Lumentum Holdings Inc. | Information Technology | |
|---|---|---|
| Jun 27, 2026 | -149.34% | — |
| Jun 28, 2025 | 2.28% | 34.38% |
| Jun 29, 2024 | -57.09% | 28.82% |
| Jul 1, 2023 | -9.71% | 31.26% |
| Jul 2, 2022 | 10.61% | 38.03% |
| Jul 3, 2021 | 20.14% | 41.64% |
| Jun 27, 2020 | 7.75% | 35.38% |
| Jun 29, 2019 | -2.43% | 35.94% |
| Jun 30, 2018 | 26.79% | 30.23% |
| Jul 1, 2017 | -16.56% | 23.19% |
| Jul 2, 2016 | 1.87% | 23.00% |
| Jun 27, 2015 | -0.89% | 25.97% |
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).