Lumentum vs Ubiquiti
Lumentum and Ubiquiti are similar in size: $3.01bn and $3.27bn of revenue in their latest fiscal years. Lumentum grew faster (83.2% against 27.2%). Ubiquiti kept more of each dollar of sales as profit: a net margin of 29.3% against -230.1%. Ubiquiti carries less debt relative to equity (3.3% against 35.3%).
| Latest fiscal year | LumentumLITE, 2026 | UbiquitiUI, 2026 |
|---|---|---|
| Revenue | $3.01bn | $3.27bn |
| Revenue growth | 83.2% | 27.2% |
| Net income | −$6.94bn | $960m |
| Operating margin | 17.4% | 36.2% |
| Net margin | -230.1% | 29.3% |
| Return on equity | — | 91.1% |
| Free cash flow | $300m | $909m |
| Cash | $2.04bn | $523m |
| Total debt | $1.64bn | $47.5m |
| Debt to equity | 35.3% | 3.3% |
| Dividend per share | — | $3.20 |
| Dividend yield | — | 0.6% |
| Share buybacks | — | — |
| Employees | 13,757 | 1,818 |
| Market value | $60.64bn | $32.69bn |
| Price vs our value range | — | Within our value range |
| Moat score | 24 (Weak) | 86 (Strong) |
| Insider trades, 12 months | 0 buys, 185 sales | 0 buys, 2 sales |