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Held by 1,034 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $893.61 today, the market must believe free cash flow compounds 69.7%/yr for a decade (off $51M normalized FCF).
2-stage DCF · 0.07B shares · net debt $2.1B
mean -210.4% · volatility σ 483% · implied rate exceeded in 1/7 yrs
Central path = implied 69.7%/yr growth; shaded band = ±1σ (483%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$105M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $521M covers the $6M due within a year 81.4× over. Scheduled principal only (excludes interest & revolver draws). As of 2021-07-03 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~0.9% on $2.6B of debt.
Cash of $521M fully covers short-term debt of $11M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B 100.0% | $1.36B 100.0% | $1.77B 100.0% | $1.71B 100.0% | $1.74B 100.0% | $1.68B 100.0% | $1.57B 100.0% | $1.25B 100.0% | $1.00B 100.0% | $903.0M 100.0% |
| Cost of Revenue | — | — | — | — | — | — | $1.09B 69.8% | $812.4M 65.1% | $677.0M 67.6% | $618.9M 68.5% |
| Gross Profit | $459.9M 28.0% | $251.5M 18.5% | $569.0M 32.2% | $788.6M 46.0% | $783.1M 44.9% | $650.2M 38.7% | $425.9M 27.2% | $432.1M 34.6% | $318.1M 31.8% | $277.3M 30.7% |
| Research & Development | $303.9M 18.5% | $302.2M 22.2% | $307.8M 17.4% | $220.7M 12.9% | $214.5M 12.3% | $198.6M 11.8% | $184.6M 11.8% | $156.8M 12.6% | $148.3M 14.8% | $141.1M 15.6% |
| Selling, General & Admin | $348.2M 21.2% | $310.7M 22.9% | $348.8M 19.7% | $265.7M 15.5% | $241.4M 13.9% | $235.2M 14.0% | $200.3M 12.8% | $128.2M 10.3% | $110.2M 11.0% | $117.3M 13.0% |
| Total Operating Expenses | $640.0M 38.9% | $685.5M 50.4% | $684.7M 38.7% | $485.3M 28.3% | $256.1M 14.7% | $446.1M 26.6% | $447.5M 28.6% | $292.2M 23.4% | $270.5M 27.0% | $265.8M 29.4% |
| Operating Income | -$180.1M -10.9% | -$434.0M -31.9% | -$115.7M -6.5% | $303.3M 17.7% | $527.0M 30.2% | $204.1M 12.2% | -$21.6M -1.4% | $139.9M 11.2% | $47.6M 4.8% | $11.5M 1.3% |
| Interest Expense | $22.2M 1.3% | $33.8M 2.5% | $35.5M 2.0% | $80.2M 4.7% | $66.7M 3.8% | $61.2M 3.6% | $36.3M 2.3% | $18.2M 1.5% | $5.5M 0.5% | $100K 0.0% |
| Interest & Investment Income | — | $61.3M 4.5% | $40.8M 2.3% | $6.1M 0.4% | $5.7M 0.3% | $15.8M 0.9% | $13.9M 0.9% | $8.5M 0.7% | $1.1M 0.1% | — |
| Other Income (Expense), net | $30.2M 1.8% | $62.1M 4.6% | $48.8M 2.8% | $12.0M 0.7% | $2.8M 0.2% | $31.4M 1.9% | $15.8M 1.0% | $8.5M 0.7% | $2.3M 0.2% | -$1.2M -0.1% |
| Pretax Income | — | — | — | — | — | — | -$33.3M -2.1% | $129.4M 10.4% | -$59.8M -6.0% | $9.7M 1.1% |
| Income Tax Expense | -$198.0M -12.0% | $140.8M 10.4% | $29.2M 1.7% | $36.2M 2.1% | $65.8M 3.8% | $38.8M 2.3% | $3.1M 0.2% | -$118.7M -9.5% | $42.7M 4.3% | $400K 0.0% |
| Net Income | $25.9M 1.6% | -$546.5M -40.2% | -$131.6M -7.4% | $198.9M 11.6% | $397.3M 22.8% | $135.5M 8.1% | -$36.4M -2.3% | $248.1M 19.9% | -$102.5M -10.2% | $21.0M 2.3% |
| Per Share | ||||||||||
| EPS (Basic) | $0.38 | $-8.12 | $-1.93 | $2.79 | $5.27 | $1.79 | $-0.54 | $3.88 | $-1.71 | $-0.05 |
| EPS (Diluted) | $0.37 | $-8.12 | $-1.93 | $2.68 | $5.07 | $1.75 | $-0.54 | $3.82 | $-1.71 | $-0.05 |
| Weighted Avg Shares (Basic) | 69.0M | 67.3M | 68.3M | 71.2M | 75.4M | 75.9M | 70.7M | 62.3M | 60.6M | 59.1M |
| Weighted Avg Shares (Diluted) | 69.6M | 67.3M | 68.3M | 74.2M | 78.4M | 77.6M | 70.7M | 63.3M | 60.6M | 59.1M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 65.1 | 69.8 | — | — | — | — | — | — |
| Gross Profit | 34.6 | 27.2 | 38.7 | 44.9 | 46.0 | 32.2 | 18.5 | 28.0 |
| R&D | 12.6 | 11.8 | 11.8 | 12.3 | 12.9 | 17.4 | 22.2 | 18.5 |
| SG&A | 10.3 | 12.8 | 14.0 | 13.9 | 15.5 | 19.7 | 22.9 | 21.2 |
| Operating Income | 11.2 | -1.4 | 12.2 | 30.2 | 17.7 | -6.5 | -31.9 | -10.9 |
| Income Tax | -9.5 | 0.2 | 2.3 | 3.8 | 2.1 | 1.7 | 10.4 | -12.0 |
| Net Income | 19.9 | -2.3 | 8.1 | 22.8 | 11.6 | -7.4 | -40.2 | 1.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LITE: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| LITE | $64.2B | 2484.9× | — | 39.0× | 21.0% | 28.0% | 1.6% | 2.3% | 0.7% | -33.9× | 1,034 |
Peers = companies sharing LITE's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.