Comfortable leader
14 companies value 140 bn revenue 13 bn margin -47.1% free cash flow -1.0 bn avg. score 1.4
LITE holds 53.7% of the group's value, 1.6x the runner-up · COHR leads the industry without being the largest
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LITE | Lumentum Holdings United States · score 2.5 | 54% | 75 bn | 3.0 bn | -230.1% | 0.3 bn | 0.4% | — | Optical components and lasers for networks and data centers · Key supplier of lasers and optical components for data centers | |
| 2 | COHR | Coherent Corp. United States · score 2.0 | 33% | 45 bn | 7.1 bn | 11.3% | -1.0 bn | -2.3% | — | Lasers, transceivers and optical components · Leader in 800G/1.6T optical transceivers for AI | |
| 3 | AAOI | Applied Optoelectronics United States · score 0.0 | 5% | 6.6 bn | 0.6 bn | -9.6% | -0.3 bn | -5.2% | — | Fiber-optic networking transceivers and components · Optical transceivers for data centers and broadband | |
| 4 | NOVT | NOVANTA INC United States · score 5.5 | 4% | 5.0 bn | 1.0 bn | 6.0% | 0.1 bn | 2.3% | — | Photonics and motion components for medical and industrial equipment · Massachusetts — revenue of $1bn | |
| 5 | IPGP | IPG Photonics United States · score 4.2 | 2% | 3.1 bn | 1.1 bn | 2.6% | 0.0 bn | 0.7% | — | Fiber lasers for cutting, welding and marking · Fiber lasers for industrial cutting and welding | |
| 6 | LASR | NLIGHT, INC. United States · score 3.0 | 1% | 2.0 bn | 0.3 bn | -4.0% | 0.0 bn | 2.1% | — | High-power lasers for directed energy and advanced manufacturing · Washington — revenue of $311m | |
| 7 | POET | POET TECHNOLOGIES INC. Canada · score 0.0 | 1% | 1.0 bn | 0.0 bn | -59x | -0.0 bn | -3.5% | — | Photonic integrated circuits, light sources and optical modules for AI data centers · Canada — revenue of $1m | |
| 8 | LWLG | Lightwave Logic, Inc. United States · score 0.0 | 0% | 0.6 bn | 0.0 bn | -94x | -0.0 bn | -3.0% | — | Electro-optic polymers for high-speed modulators · Colorado | |
| 9 | LPTH | LIGHTPATH TECHNOLOGIES INC United States · score 0.2 | 0% | 0.5 bn | 0.1 bn | -28.6% | -0.0 bn | -3.1% | — | Precision optical lenses and components · Florida — revenue of $72m | |
| 10 | OPTX | SYNTEC OPTICS HOLDINGS, INC. United States · score 0.6 | 0% | 0.3 bn | 0.0 bn | -8.3% | 0.0 bn | -0.2% | — | Custom optics and photonics · Florida — revenue of $29m | |
| 11 | ALMU | Aeluma, Inc. United States · score 0.3 | 0% | 0.2 bn | 0.0 bn | -205.3% | 0.0 bn | -2.6% | — | Semiconductors for sensing, communications and computing · California — revenue of $4m | |
| 12 | QCLS | Q/C TECHNOLOGIES, INC. United States · score 0.0 | 0% | 0.0 bn | — | — | -0.0 bn | -273.5% | — | Early-stage optical AI, after writing off its laser processing license · New York | |
| 13 | GAUZ | Gauzy Ltd. Israel · score 0.6 | — | — | 0.1 bn | -39.6% | -0.0 bn | — | — | Smart glass and light control for vehicles and buildings · Israel — revenue of $97m | |
| 14 | LASE | Laser Photonics Corp United States · score 0.2 | — | — | 0.0 bn | -327.5% | -0.0 bn | — | — | Manufacturing of photonics-based industrial products · Florida — revenue of $6m |
Other industries in the same sector
- Sector overview
- AI semiconductors and processors 9 companies
- Hardware and devices 18 companies
- Infrastructure and cloud software 5 companies
- Semiconductor foundries 4 companies
- Memory 4 companies
- Semiconductor equipment 13 companies
- Networking equipment 30 companies
- Enterprise software (SaaS) 38 companies
- Cybersecurity 20 companies
- Data and analytics 25 companies
- Analog and industrial semiconductors 19 companies
- IT services and consulting 46 companies
and 31 industries more
- Data storage 6 companies
- Electronic components and connectors 27 companies
- Connectivity and networking chips 6 companies
- Semiconductor IP 7 companies
- Design and engineering software 7 companies
- E-commerce platforms 9 companies
- RF and mobile chips 8 companies
- Chip testing and packaging 13 companies
- Measurement and test instruments 30 companies
- Internet infrastructure and CDN 9 companies
- Vertical software 36 companies
- Creative and document software 9 companies
- Electronics contract manufacturing 10 companies
- Digital advertising (adtech) 37 companies
- AI servers 5 companies
- Power semiconductors 8 companies
- Government and finance software 18 companies
- GPU cloud (neoclouds) 20 companies
- Communication and collaboration 14 companies
- HR and finance software 12 companies
- Identity and access management 10 companies
- Databases and developer tools 4 companies
- Quantum computing 9 companies
- Backup and data protection 3 companies
- Marketing software 13 companies
- Logistics software 8 companies
- Programmable chips 3 companies
- Game engines and tools 2 companies
- ATMs and retail automation 9 companies
- Printing and office equipment 7 companies
- Industrial robotics 1 company
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.