F5 vs Lumentum
F5 and Lumentum are similar in size: $3.09bn and $3.01bn of revenue in their latest fiscal years. Lumentum grew faster (83.2% against 9.7%). F5 kept more of each dollar of sales as profit: a net margin of 22.4% against -230.1%. F5 carries less debt relative to equity (0.0% against 35.3%).
| Latest fiscal year | F5FFIV, 2025 | LumentumLITE, 2026 |
|---|---|---|
| Revenue | $3.09bn | $3.01bn |
| Revenue growth | 9.7% | 83.2% |
| Net income | $692m | −$6.94bn |
| Operating margin | 24.8% | 17.4% |
| Net margin | 22.4% | -230.1% |
| Return on equity | 20.6% | — |
| Free cash flow | $906m | $300m |
| Cash | $1.34bn | $2.04bn |
| Total debt | $0 | $1.64bn |
| Debt to equity | 0.0% | 35.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $502m | — |
| Employees | 6,578 | 13,757 |
| Market value | $18.80bn | $59.78bn |
| Price vs our value range | Within our value range | — |
| Moat score | 82 (Strong) | 24 (Weak) |
| Insider trades, 12 months | 0 buys, 97 sales | 0 buys, 185 sales |