Lumentum Holdings Inc (LITE)
Operating profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -180,100 | -268,000 | -344,900 | -398,500 | -396,900 | -356,500 | -280,200 | -183,000 | -74,600 | 3,300 | 88,400 | 181,600 | 269,900 | 293,700 | 513,800 | 543,900 | 527,000 | 508,200 | 283,800 | 243,300 |
| Revenue (ttm) | US$ in thousands | 1,645,000 | 1,472,600 | 1,413,900 | 1,378,500 | 1,359,200 | 1,421,700 | 1,438,600 | 1,577,800 | 1,767,000 | 1,818,300 | 1,830,300 | 1,771,000 | 1,712,600 | 1,682,600 | 1,706,700 | 1,738,800 | 1,742,800 | 1,718,800 | 1,702,100 | 1,681,100 |
| Operating profit margin | -10.95% | -18.20% | -24.39% | -28.91% | -29.20% | -25.08% | -19.48% | -11.60% | -4.22% | 0.18% | 4.83% | 10.25% | 15.76% | 17.46% | 30.10% | 31.28% | 30.24% | 29.57% | 16.67% | 14.47% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-180,100K ÷ $1,645,000K
= -10.95%
The operating profit margin of Lumentum Holdings Inc exhibits significant fluctuations over the specified period. Starting from a healthy 14.47% as of September 30, 2020, the margin demonstrated an upward trend, reaching a peak of approximately 31.28% on September 30, 2021. This indicates a period of robust operational efficiency and profitability during this timeframe. However, following this peak, a downward trajectory commenced, with the margin decreasing to 30.10% by December 31, 2021, and subsequently experiencing substantial declines in 2022 and 2023.
Specifically, by March 31, 2022, the operating profit margin had contracted to 17.46%, further diminishing to 15.76% in June 2022, and then sharply falling to 10.25% by September 2022. The decline persisted into late 2022 and 2023, with the margin declining to 4.83% at the end of 2022 and turning negative at 0.18% by March 2023. The negative trend continued through 2023 and into 2024, with the margin reaching -29.20% as of June 30, 2024.
The persistent negative values in operating profit margin from late 2022 onwards reflect an ongoing challenge in maintaining operational profitability, potentially due to increased costs, decreased revenues, or structural shifts within the company or its markets. The trend indicates a period of sustained operational difficulties, with margins remaining negative through most of 2024 and into 2025, although there appears to be some gradual improvement, with the margin narrowing from -29.20% in June 2024 to -10.95% projected in June 2025.
Overall, the data suggests that while Lumentum experienced a period of profitability and operational efficiency in late 2020 and 2021, this was followed by a pronounced decline beginning in 2022, culminating in consecutive periods of negative operating profit margins, indicative of significant operational challenges in recent financial periods.
Peer comparison
Jun 30, 2025