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nLIGHT stock: key metrics
LASRnLIGHT had an operating margin of −10.2% and a return on invested capital (ROIC) of −16.3% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2016 | 22.9% | −9.2% | −14.0% |
| 2017 | 31.9% | 7.1% | 1.3% |
| 2018 | 35.0% | 8.9% | 7.3% |
| 2019 | 29.6% | −5.6% | −7.3% |
| 2020 | 26.6% | −9.4% | −9.4% |
| 2021 | 28.6% | −11.2% | −11.0% |
| 2022 | 21.0% | −22.8% | −22.5% |
| 2023 | 22.0% | −22.3% | −19.9% |
| 2024 | 16.6% | −33.1% | −30.6% |
| 2025 | 29.8% | −10.2% | −9.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2016 | −47.8% | −20.6% | −20.0% |
| 2017 | 3.0% | 12.6% | 1.7% |
| 2018 | 6.4% | 24.5% | 5.6% |
| 2019 | −5.9% | −9.3% | −5.2% |
| 2020 | −9.5% | −14.5% | −7.4% |
| 2021 | −9.8% | −15.7% | −7.9% |
| 2022 | −20.2% | −24.8% | −16.6% |
| 2023 | −16.4% | −22.1% | −13.6% |
| 2024 | −28.1% | −36.6% | −22.5% |
| 2025 | −10.3% | −16.3% | −7.4% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 May 2019)
- Valuation signal Overvalued since 7 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.