# nLIGHT Inc. (LASR) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $40.06, market value $2.3 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). nLIGHT Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 1.01**. A PEG of 1.01 is in the range usually read as fairly priced for its growth.
- **Price / sales: 7.4×**. Each dollar of revenue is priced at 7.4×.
- **Price / book: 5.3×**. The shares trade at 5.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.8%** (5-yr avg -2.3%). Free cash flow equals 1.8% of the market value, above its five-year average of -2.3%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 31.5%**. nLIGHT Inc. keeps 31.5% of revenue after the direct cost of what it sells.
- **Operating margin: -5.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -9.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -10.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -10.5%**. Return on all capital, debt included, is -10.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.0%**. Each dollar of assets produces -4.0% of profit.

## Growth
- **Revenue growth (1 yr): 31.6%** (3-yr 2.6%/yr, 5-yr 3.2%/yr). Revenue grew 31.6% over the last year, against 3.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 63.0%**. Earnings per share rose 63.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Current ratio: 3.79** (quick 3.79). Current assets cover the next year's liabilities 3.79 times.
- **Altman Z-score: 17.91**. A Z-score of 17.91 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. nLIGHT Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 35.7%** (YTD 6.8%, 3-mo -39.2%). The shares are up 35.7% over twelve months including dividends.
- **From 52-week high: -53.9%** (47.2% above the low). Trading 54% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 3.39** (volatility 88%). Beta of 3.39 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LASR · Page: https://foliofundamentals.com/stocks/lasr

Not investment advice.