nLIGHT Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 20, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	3,101	508	630	459	1,052	1,285
Market Cap Growth	470.64%	-19.39%	37.19%	-56.33%	-18.16%	67.85%
Enterprise Value	3,016	414	533	363	904	1,187
Last Close Price	56.01	10.49	13.50	10.14	23.95	32.65
Forward PE	195.09	-	-	-	75.67	122.93
PS Ratio	13.63	2.56	3.00	1.90	3.89	5.77
PB Ratio	13.02	2.35	2.48	1.70	3.48	5.85
P/TBV Ratio	15.08	2.50	2.62	1.81	3.72	6.46
P/FCF Ratio	-	-	132.63	-	-	-
P/OCF Ratio	-	-	62.46	-	-	98.56
PEG Ratio	-	-	-	-	1.63	4.10
EV/Sales Ratio	13.26	2.09	2.54	1.50	3.35	5.33
EV/FCF Ratio	-	-	112.20	-	-	-
Debt / Equity Ratio	0.14	0.06	0.06	0.06	0.06	0.06
Debt / FCF Ratio	-	-	2.98	-	-	-
Net Debt / Equity Ratio	-0.39	-0.41	-0.39	-0.34	-0.43	-0.41
Net Debt / EBITDA Ratio	3.21	2.02	3.30	2.61	8.50	12.29
Net Debt / FCF Ratio	8.33	8.61	-20.77	2.58	4.82	8.60
Asset Turnover	0.77	0.69	0.66	0.69	0.82	0.84
Inventory Turnover	3.46	3.56	2.74	2.71	3.00	3.24
Quick Ratio	4.31	4.38	4.88	4.54	4.32	3.38
Current Ratio	5.63	5.67	6.73	6.69	6.06	4.85
Return on Equity (ROE)	-19.18%	-25.82%	-15.87%	-19.05%	-11.37%	-9.59%
Return on Assets (ROA)	-8.80%	-13.29%	-9.03%	-9.11%	-5.75%	-4.91%
Return on Invested Capital (ROIC)	-30.97%	-43.27%	-27.52%	-29.14%	-19.88%	-18.21%
Return on Capital Employed (ROCE)	-16.10%	-26.00%	-16.80%	-17.40%	-9.20%	-8.60%
Earnings Yield	-1.40%	-11.97%	-6.61%	-11.88%	-2.82%	-1.63%
FCF Yield	-0.33%	-2.03%	0.75%	-7.82%	-2.54%	-0.81%
Buyback Yield / Dilution	-4.09%	-3.95%	-3.69%	-5.44%	-9.84%	-3.36%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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