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Lightpath Technologies LPTH Return on invested capital

Return on invested capital at other companies

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8.1%+2.9pp
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CoherentCOHR
2.7%+2.1pp
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MKS InstrumentsMKSI
9.1%+1.0pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
7.8%+0.4pp
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nLIGHT, Inc.LASR
-12.2%-4.8pp
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IPG PhotonicsIPGP
0.2%+0.1pp

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+548%
Enterprise value$772.4M+480%
P/S13×+9.3×

Profitability

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Gross margin26.8%-1.7pp
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 return on invested capital?
Lightpath Technologies (LPTH) reported return on invested capital of -42.8% in Q3 2025.
How has Lightpath Technologies's return on invested capital changed year-over-year?
Lightpath Technologies's return on invested capital decreased by 101.3% year-over-year, from -21.3% to -42.8%.
What is the long-term trend for Lightpath Technologies's return on invested capital?
Over 4 years (2021 to 2025), Lightpath Technologies's return on invested capital has grown at a 70.8% compound annual growth rate (CAGR), from -4.8% to -40.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.