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Gross margin at other companies

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CoherentCOHR
36.8%+2.3pp
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46.7%-0.9pp
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Teledyne TechnologiesTDY
42.9%0.0pp
nLIGHT, Inc. logo
nLIGHT, Inc.LASR
31.3%+12.2pp
IPG Photonics logo
IPG PhotonicsIPGP
37.6%+2.9pp
MACOM Technology Solutions logo
MACOM Technology SolutionsMTSI
55.7%+1.4pp

Other financials

Income statement

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Revenue$19.1M+109%
Gross profit$4.5M+57.6%
Operating income-$2.5M-82.0%
Net income-$4.1M-14.6%
EPS (diluted)-$0.07-75.0%

Balance sheet

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Cash & equivalents$55.2M+753%
Total debt$11.4M-20.7%
Total equity$89.1M+467%
Total assets$144.3M+77.2%

Cash flow

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Operating cash flow-$6.8M-110%
CapEx$899.5K+114%
Free cash flow-$7.7M-110%

Valuation

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Market cap$816.26M+518%
Enterprise value$772.4M+452%
P/S13×+9.1×

Profitability

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Operating margin-29.5%+6.9pp
Net margin-37.4%+11.5pp
FCF margin-16.4%-2.1pp

Returns & leverage

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Return on equity-44.8%+2.1pp
Debt / equity0.1×-0.8×
Current ratio3.9×+1.6×

Where this comes from

Calculated from Lightpath Technologies’s reported figures.

Based on trailing twelve months.

The official record: Lightpath Technologies’s 10-Q, filed November 12, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lightpath Technologies's gross margin?
Lightpath Technologies (LPTH) reported gross margin of 26.8% in Q3 2025.
How has Lightpath Technologies's gross margin changed year-over-year?
Lightpath Technologies's gross margin decreased by 6.0% year-over-year, from 28.5% to 26.8%.
What is the long-term trend for Lightpath Technologies's gross margin?
Over 4 years (2021 to 2025), Lightpath Technologies's gross margin has grown at a -6.1% compound annual growth rate (CAGR), from 35% to 27.2%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.