nLIGHT, Inc. LASR Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 31.3%+12.2pp | 29.8%+13.2pp | 23.8%+3.3pp | 21.2%+1.4pp | 19.1%-0.5pp | |
| Operating margin | -6.1%+23.3pp | -10.2%+22.9pp | -20.9%+5.5pp | -24%+3.5pp | -29.4%-2.8pp | |
| Net margin | -5.1%+21.7pp | -9%+21.6pp | -19.1%+5.0pp | -21.7%+4.0pp | -26.8%-3.0pp | |
| EBITDA margin | -1.8%+21.3pp | -5.4%+21.1pp | -15.3%+4.9pp | -18%+3.2pp | -23.1%-2.7pp | |
| Free cash flow margin | 7.6%+18.5pp | 4.7%+9.9pp | -4.5%— | -9.1%— | -10.9%— | |
| Returns | ||||||
| Return on equity | -4.6%+19.5pp | -10.6%+15.2pp | -19.2%+0.7pp | -20.6%-0.6pp | -24.1%-5.5pp | |
| Return on assets | -3.7%+14.9pp | -8%+13.1pp | -14.8%+1.5pp | -15.9%+0.5pp | -18.6%-3.5pp | |
| Return on invested capital | -12.2%+23.4pp | -17.3%+17.4pp | -26.8%-1.8pp | -29.5%-5.0pp | -35.6%-11.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.9×+0.2× | 0.8×+0.1× | 0.7×+0.1× | 0.7×+0.1× | |
| Inventory turnover | 4.5×+1.1× | 4.3×+0.7× | 3.5×+0.5× | 3.4×+0.7× | 3.4×+0.8× | |
| Liquidity | ||||||
| Current ratio | 7.1×+1.3× | 3.8×-1.9× | 5.6×-0.2× | 5.6×-0.5× | 5.8×+0.1× | |
| Quick ratio | 6.4×+1.8× | 3.1×-1.4× | 4.4×-0.1× | 4.4×-0.2× | 4.6×+0.3× | |
| Cash ratio | 4.7×+2.5× | 1.5×-0.4× | 2×+0.9× | 2×+0.6× | 2.2×+0.6× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0×0.0× | 0.1×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Interest coverage | -13.2×+442× | -24.5×+97.1× | -60.1×— | -103.9×— | -455.1×— | |
| Per Share | ||||||
| Book value per share | $7.16+65.1% | $4.54+0.4% | $4.34-11.1% | $4.36-13.3% | $4.33-16.2% | |
| Valuation | ||||||
| Market capitalization | $3.18B+735% | $1.9B+275% | $1.48B+187% | $889.42M+71.1% | $380.97M-38.0% | |
| Enterprise value | $2.9B+831% | $1.82B+301% | $1.41B+190% | $822.6M+70.0% | $311.4M-45.1% | |
| Price / sales | 11×+9.1× | 7.3×+4.7× | 6.5×+4.0× | 4.1×+1.5× | 1.9×-1.2× | |
| Price / book | 7.4×+5.6× | 8.4×+6.1× | 6.8×+4.6× | 4.1×+1.9× | 1.8×-0.7× | |
| EV / sales | 10×+8.5× | 7×+4.7× | 6.2×+3.8× | 3.8×+1.3× | 1.5×-1.3× | |
| Free cash flow yield | 0.7%+6.6pp | 0.6%+2.7pp | -0.7%— | -2.2%— | -5.9%— | |
| Earnings yield | -0.5%+14.0pp | -1.2%+10.7pp | -2.9%+6.6pp | -5.3%+4.5pp | -14.5%-6.7pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are nLIGHT, Inc.'s profit margins?
- nLIGHT, Inc. (LASR) runs a 31.3% gross margin and a -6.1% operating margin, with a -5.1% net margin.
- Where do nLIGHT, Inc.'s ratios come from?
- Every ratio is computed from nLIGHT, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.