LITE - Lumentum Holdings Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$985.82
DETAILS
HIGH:
$1,270.00
LOW:
$550.00
MEDIAN:
$1,014.00
CONSENSUS:
$985.82
UPSIDE:
10.28%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1,645 | 1,359.2 | 1,767 | 1,712.6 | 1,712.6 | 1,678.6 | 1,565.3 | 1,247.7 | 1,001.6 | 903 | 837.1 | 817.9 | 769.9 | 727.9 |
| Cost of Revenue | 1,185.1 | 1,107.7 | 1,198 | 924 | 924 | 1,028.4 | 1,139.4 | 815.6 | 683.5 | 625.7 | 579.2 | 561.3 | 547.1 | 523 |
| Gross Profit | 459.9 | 251.5 | 569 | 788.6 | 788.6 | 650.2 | 425.9 | 435.3 | 318.1 | 277.3 | 257.9 | 256.6 | 222.8 | 204.9 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 303.9 | 302.2 | 307.8 | 220.7 | 220.7 | 198.6 | 184.6 | 156.8 | 148.3 | 141.1 | 140.8 | 134.9 | 113.7 | 107 |
| SG&A Expenses | 348.2 | 310.7 | 348.8 | 265.7 | 265.7 | 235.2 | 200.3 | 128.2 | 110.2 | 117.3 | 128.9 | 108.2 | 102.6 | 101.6 |
| Other Expenses | (12.1) | 72.6 | 28.1 | (1.1) | (1.1) | 12.3 | 0 | 0 | 12 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 640 | 685.5 | 684.7 | 485.3 | 485.3 | 446.1 | 384.9 | 285 | 270.5 | 258.4 | 269.7 | 243.1 | 216.3 | 208.6 |
| Operating Income | ||||||||||||||
| Operating Income | (180.1) | (434) | (115.7) | 303.3 | 303.3 | 204.1 | (62.7) | 139.9 | 47.6 | 11.5 | (23.4) | 8.7 | 3.9 | (4.5) |
| Interest Expense | 22.2 | 33.8 | 35.5 | 80.2 | 80.2 | 61.2 | 36.3 | 18.2 | 5.5 | 0.1 | 0.7 | 0.2 | 1 | 0.9 |
| Interest Income | 34.4 | 61.3 | 40.8 | 6.1 | 6.1 | 15.8 | 13.9 | 8.5 | 1.1 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 106.8 | (81.6) | 188.7 | 482.4 | 482.4 | 427.4 | 160.5 | 224.8 | 6.7 | 64.3 | 27.2 | 54.8 | 50.7 | 38.7 |
| EBIT | (149.9) | (371.9) | (66.9) | 315.3 | 315.3 | 235.5 | 3 | 147.6 | (54.3) | 9.8 | (23.8) | 10 | 4.7 | 1.7 |
| Income Before Tax | (172.1) | (405.7) | (102.4) | 235.1 | 235.1 | 174.3 | (33.3) | 129.4 | (59.8) | 9.7 | (24.5) | 9.8 | 3.7 | 4 |
| Income Tax Expense | (198) | 140.8 | 29.2 | 36.2 | 36.2 | 38.8 | 3.1 | (118.7) | 42.7 | 0.4 | (21.1) | (0.9) | (2.8) | 1.4 |
| Net Income | 25.9 | (546.5) | (131.6) | 198.9 | 198.9 | 135.5 | (36.4) | 248.1 | (102.5) | 9.3 | (3.4) | 10.7 | 6.5 | 2.6 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.38 | -8.12 | -1.93 | 2.79 | 2.79 | 1.79 | -0.51 | 3.98 | -1.70 | -0.05 | -0.06 | 0.18 | 0.11 | 0.04 |
| EPS (Diluted) | 0.37 | -8.12 | -1.93 | 2.68 | 2.68 | 1.75 | -0.51 | 3.92 | -1.69 | -0.05 | -0.06 | 0.18 | 0.11 | 0.04 |
| Shares Outstanding | 69 | 67.3 | 68.3 | 71.2 | 71.2 | 75.9 | 70.7 | 62.3 | 60.5 | 59.1 | 56.7 | 58 | 58 | 58 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 520.7 | 436.7 | 859 | 1,290.2 | 774.3 | 298 | 432.6 | 397.3 | 272.9 | 157.1 | 14.5 | 19.9 | 7.8 |
| Short-Term Investments | 356.4 | 450.3 | 1,154.6 | 1,258.8 | 1,171.7 | 1,255.8 | 335.9 | 314.2 | 282.4 | 0 | 0 | 0 | 0 |
| Net Receivables | 250 | 194.7 | 246.1 | 262 | 212.8 | 233.5 | 238 | 197.1 | 166.3 | 170.5 | 150.5 | 136.5 | 121.8 |
| Inventory | 470.1 | 398.4 | 408.6 | 250.1 | 196.4 | 188.9 | 228.8 | 153.6 | 145.2 | 100.6 | 99.7 | 96.5 | 79.2 |
| Other Current Assets | 120.1 | 110 | 0 | 0 | 0 | 0 | 0 | 2.7 | 40.7 | 42.6 | 16.2 | 9.1 | 8.6 |
| Total Current Assets | 1,717.3 | 1,590.1 | 2,777.9 | 3,139.2 | 2,436.8 | 2,050 | 1,332.8 | 1,127.2 | 930.3 | 489.5 | 310.8 | 286 | 245.3 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 754.3 | 645.3 | 566.8 | 434.1 | 428.5 | 471.7 | 433.3 | 306.9 | 273.5 | 183.4 | 143.2 | 136.5 | 103.1 |
| Goodwill | 1,060.9 | 1,055.8 | 695.1 | 368.9 | 368.9 | 368.9 | 368.9 | 11.3 | 11.4 | 5.4 | 5.6 | 5.9 | 0 |
| Intangible Assets | 465.1 | 617.5 | 459.2 | 155.7 | 241.2 | 316.8 | 395.4 | 7 | 10.1 | 14.5 | 21.8 | 29.9 | 30.3 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.8 | 12.5 | 16.8 | 37.3 | 3.3 | 4 | 16.6 | 3.5 | 3.7 | 1.6 | 0.9 | 0.5 | 0.5 |
| Total Non-Current Assets | 2,501.4 | 2,341.8 | 1,854.2 | 1,023 | 1,114.8 | 1,242.6 | 1,383.8 | 454.3 | 302.6 | 236.8 | 201.8 | 206.1 | 165.4 |
| Total Assets | 4,218.7 | 3,931.9 | 4,632.1 | 4,162.2 | 3,551.6 | 3,292.6 | 2,716.6 | 1,581.5 | 1,232.9 | 726.3 | 512.6 | 492.1 | 410.7 |
| Current Liabilities | |||||||||||||
| Account Payables | 225.2 | 126.3 | 169.4 | 156.7 | 116.9 | 150.8 | 160.8 | 126.5 | 114.8 | 118.3 | 77.9 | 82.1 | 58.6 |
| Short-Term Debt | 10.6 | 0 | 311.6 | 409.9 | 390.7 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0.7 | 0.6 | 2.1 | 0 | 0.6 | 1.9 | 2.9 | 2.8 | 6.9 | 2.7 | 0 | 0 | 0 |
| Other Current Liabilities | 20.8 | 16.2 | 12.7 | 13.4 | 8 | 7.8 | 5.1 | 2.8 | 2.2 | 1.1 | 4.8 | 3.8 | 2 |
| Total Current Liabilities | 392.8 | 269.3 | 633.8 | 716.5 | 664.6 | 283 | 294 | 214 | 184.2 | 173.7 | 122.1 | 136.9 | 111.9 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 2,562.6 | 2,503.2 | 2,500 | 1,466.1 | 789.8 | 1,120.3 | 835.9 | 334.2 | 317.5 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 7.2 | 55.7 | 3.4 | 12.9 | 35.9 | 46.5 | 55.9 | 0.3 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 97.8 | 103.4 | 91.4 | 42.9 | 40.9 | 36 | 31.5 | 68.1 | 73.3 | 17.8 | 8.1 | 17.3 | 15.3 |
| Total Non-Current Liabilities | 2,691.2 | 2,705.3 | 2,642.5 | 1,570.7 | 914.2 | 1,260.4 | 925.5 | 405.6 | 394.1 | 19.4 | 9.8 | 19.6 | 17 |
| Total Liabilities | 3,084 | 2,974.6 | 3,276.3 | 2,287.2 | 1,578.8 | 1,543.4 | 1,219.5 | 619.6 | 578.3 | 193.1 | 131.9 | 156.5 | 128.9 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 368.1 | 312.9 | 257.2 |
| Retained Earnings | (861.2) | (887.1) | (340.6) | (129.1) | 220.9 | 64.6 | 129.1 | 166.4 | (83.2) | 20.2 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 9 | 9.3 | 4.1 | 0.4 | 8.2 | 7.9 | 7.1 | 6.4 | 7.4 | 9.4 | 12.5 | 22.7 | 24.6 |
| Total Stockholders' Equity | 1,134.7 | 957.3 | 1,355.8 | 1,875 | 1,972.8 | 1,749.2 | 1,497.1 | 961.9 | 654.6 | 533.2 | 380.7 | 335.6 | 281.8 |
| Total Liabilities & Equity | 4,218.7 | 3,931.9 | 4,632.1 | 4,162.2 | 3,551.6 | 3,292.6 | 2,716.6 | 1,581.5 | 1,232.9 | 726.3 | 512.6 | 492.1 | 410.7 |
| Debt Metrics | |||||||||||||
| Total Debt | 2,608.2 | 2,559.6 | 2,873.7 | 1,936 | 1,239.9 | 1,189.3 | 841.3 | 341.9 | 317.5 | 0 | 0 | 0 | 0 |
| Net Debt | 2,087.5 | 2,122.9 | 2,014.7 | 645.8 | 465.6 | 891.3 | 408.7 | (55.4) | 44.6 | (157.1) | (14.5) | (19.9) | (7.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 25.9 | (546.5) | (131.6) | 198.9 | 397.3 | 135.5 | (36.4) | 248.1 | (102.5) | 9.3 | (3.4) | 10.7 | 6.5 | 2.6 |
| Depreciation & Amortization | 256.7 | 290.3 | 255.6 | 167.1 | 237.3 | 191.9 | 157.5 | 77.2 | 61 | 54.6 | 51 | 44.8 | 46 | 42 |
| Stock-Based Compensation | 177.2 | 128.8 | 148.4 | 103.1 | 92.9 | 73.2 | 60.7 | 46.8 | 32.7 | 24.9 | 18.2 | 18.5 | 16.3 | 14.5 |
| Change in Working Capital | (314.5) | 138.8 | (136.6) | (90.6) | 19.5 | 65.4 | 52.1 | (19.1) | (11.9) | (3.4) | (54.4) | (9.8) | (15.5) | (23.4) |
| Other Non-Cash Items | (19) | 13.3 | 14.8 | 80.8 | (8.3) | 43 | 72.1 | 17.1 | 78.9 | 2.9 | (4) | (1.4) | 1.6 | 0.4 |
| Operating Cash Flow | 126.3 | 24.7 | 179.8 | 459.3 | 738.7 | 524.3 | 330.1 | 247.5 | 85 | 86.6 | 9.3 | 62.8 | 54.9 | 36.1 |
| Investing Activities | ||||||||||||||
| Capital Expenditure | (231) | (136) | (128.5) | (91.2) | (94.8) | (86) | (166) | (93.2) | (138.1) | (82) | (53.7) | (64.2) | (31.9) | (40.8) |
| Acquisitions | 48.1 | (700.1) | (861.3) | 6.4 | 24.6 | 20.1 | (594.3) | 0 | (5.1) | 0 | 0.2 | (12.7) | 0 | (3.5) |
| Purchases of Investments | (365.9) | (278.7) | (1,030.3) | (1,085.1) | (1,991) | (1,341.3) | (269.7) | (634.3) | (290.7) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 464.7 | 1,001.5 | 1,146.1 | 973.6 | 2,062.2 | 423.5 | 251.6 | 600.5 | 8.2 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | (30) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (84.1) | (114.3) | (874) | (226.3) | 1 | (987.7) | (779.7) | (127) | (425.7) | (82) | (53.5) | (76.9) | (31.9) | (44.3) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | 68.4 | (323.1) | 460.7 | 852.3 | (0.5) | 532.2 | 479.5 | (6.4) | 442.3 | (2.3) | 0 | 0 | 0 | 0 |
| Stock Repurchased | (41.7) | 0 | (175.6) | (543.9) | (275.7) | (200) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | (0.7) | (0.7) | (0.9) | (0.5) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 15.1 | (24) | (22.1) | (25.5) | 12.8 | (4.1) | 5.9 | 9.2 | 3.8 | 131.9 | 40.6 | 35.7 | (14.3) | 18.1 |
| Financing Cash Flow | 41.8 | (332.7) | 263 | 282.9 | (263.4) | 328.8 | 485.1 | 3.8 | 456.7 | 136.4 | 40.7 | 26.2 | (27.7) | 13.2 |
| Cash Position | ||||||||||||||
| Net Change in Cash | 84 | (422.3) | (431.2) | 515.9 | 476.3 | (134.6) | 35.3 | 124.4 | 115.8 | 142.6 | (5.4) | 12.1 | (5.5) | 4.9 |
| Cash at Beginning | 436.7 | 859 | 1,290.2 | 774.3 | 298 | 432.6 | 397.3 | 272.9 | 157.1 | 14.5 | 19.9 | 7.8 | 13.3 | 8.4 |
| Cash at End | 520.7 | 436.7 | 859 | 1,290.2 | 774.3 | 298 | 432.6 | 397.3 | 272.9 | 157.1 | 14.5 | 19.9 | 7.8 | 13.3 |
| Free Cash Flow | (104.7) | (111.3) | 51.3 | 368.1 | 643.9 | 438.3 | 164.1 | 154.3 | (53.1) | 4.6 | (44.4) | (1.4) | 23 | (4.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1,645 | 1,359.2 | 1,767 | 1,712.6 | 1,712.6 | 1,678.6 | 1,565.3 | 1,247.7 | 1,001.6 | 903 | 837.1 | 817.9 | 769.9 | 727.9 |
| Gross Profit | 459.9 | 251.5 | 569 | 788.6 | 788.6 | 650.2 | 425.9 | 435.3 | 318.1 | 277.3 | 257.9 | 256.6 | 222.8 | 204.9 |
| Operating Income | (180.1) | (434) | (115.7) | 303.3 | 303.3 | 204.1 | (62.7) | 139.9 | 47.6 | 11.5 | (23.4) | 8.7 | 3.9 | (4.5) |
| Net Income | 25.9 | (546.5) | (131.6) | 198.9 | 198.9 | 135.5 | (36.4) | 248.1 | (102.5) | 9.3 | (3.4) | 10.7 | 6.5 | 2.6 |
| EPS (Diluted) | 0.37 | -8.12 | -1.93 | 2.68 | 2.68 | 1.75 | -0.51 | 3.92 | -1.69 | -0.05 | -0.06 | 0.18 | 0.11 | 0.04 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 520.7 | 436.7 | 859 | 1,290.2 | 774.3 | 298 | 432.6 | 397.3 | 272.9 | 157.1 | 14.5 | 19.9 | 7.8 | |
| Total Assets | 4,218.7 | 3,931.9 | 4,632.1 | 4,162.2 | 3,551.6 | 3,292.6 | 2,716.6 | 1,581.5 | 1,232.9 | 726.3 | 512.6 | 492.1 | 410.7 | |
| Total Debt | 2,608.2 | 2,559.6 | 2,873.7 | 1,936 | 1,239.9 | 1,189.3 | 841.3 | 341.9 | 317.5 | 0 | 0 | 0 | 0 | |
| Stockholders' Equity | 1,134.7 | 957.3 | 1,355.8 | 1,875 | 1,972.8 | 1,749.2 | 1,497.1 | 961.9 | 654.6 | 533.2 | 380.7 | 335.6 | 281.8 | |
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 126.3 | 24.7 | 179.8 | 459.3 | 738.7 | 524.3 | 330.1 | 247.5 | 85 | 86.6 | 9.3 | 62.8 | 54.9 | 36.1 |
| Capital Expenditure | (231) | (136) | (128.5) | (91.2) | (94.8) | (86) | (166) | (93.2) | (138.1) | (82) | (53.7) | (64.2) | (31.9) | (40.8) |
| Free Cash Flow | (104.7) | (111.3) | 51.3 | 368.1 | 643.9 | 438.3 | 164.1 | 154.3 | (53.1) | 4.6 | (44.4) | (1.4) | 23 | (4.7) |