CLS vs. LITE: Celestica vs. Lumentum Stock Comparison

November 11, 2026

How do Celestica (CLS) and Lumentum (LITE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Celestica (CLS) and Lumentum (LITE) both fall under the Technology Hardware & Equipment industry group, but CLS is classified in Electronic Equipment, Instruments & Components while LITE is classified in Communications Equipment.

Company profile comparison for Celestica (CLS) and Lumentum (LITE)
Profile Item	CLS	LITE
Name	Celestica Inc.	Lumentum Holdings Inc.
Country/Region	Canada	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Communications Equipment
GICS Sub-Industry	Electronic Manufacturing Services	Communications Equipment
Market Capitalization	26.06 billion USD	48.84 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 30, 1998	July 23, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CLS

LITE

GSPC

Celestica (CLS) vs. Lumentum (LITE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Celestica (CLS) and Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Celestica (CLS) and Lumentum (LITE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
Total Return (1Y)	-30.98%	150.31%
Total Return (3Y, Annualized)	108.72%	147.76%
Total Return (5Y, Annualized)	80.82%	45.47%

Risk Profile

Drawdown History

CLS

LITE

GSPC

Celestica (CLS) vs. Lumentum (LITE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Celestica (CLS) and Lumentum (LITE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
Volatility (1Y, Annualized)	80.89%	101.27%
Beta (5Y)	2.16	1.73
Max Drawdown (5Y)	-56.47%	-66.48%
Avg. Volume (3M)	2.61M	5.27M

Risk-Adjusted Performance

Risk-Return Positioning

CLS and LITE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
Sharpe Ratio (1Y)	-0.44	1.44
Sortino Ratio (1Y)	-0.59	2.14

Profitability

ROE (TTM)

Lumentum (LITE) reports a negative ROE of -245.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Celestica (CLS) reports 30.23%, ranking against industry peers normally.

CLS

Technology Hardware & Equipment industry group

30.23%

Max: 42.47%
CLS: 30.23%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

LITE

Technology Hardware & Equipment industry group

-245.79%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%
LITE: -245.79%

Celestica (CLS) vs. Lumentum (LITE): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Lumentum (LITE) reports a negative net margin of -175.78%, usually indicating a net loss over the period. Meanwhile Celestica (CLS) reports 6.83%, ranking against industry peers normally.

CLS

Technology Hardware & Equipment industry group

6.83%

Max: 27.60%
Q3: 11.66%
CLS: 6.83%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

LITE

Technology Hardware & Equipment industry group

-175.78%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%
LITE: -175.78%

Celestica (CLS) vs. Lumentum (LITE): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Lumentum (LITE) at 27.95% operates in the top operating margin quartile, ahead of Celestica (CLS) at 7.91%, which runs around its industry’s norm.

CLS

Technology Hardware & Equipment industry group

7.91%

Max: 36.27%
Q3: 18.36%
Median: 8.84%
CLS: 7.91%
Q1: 1.46%
Min: -21.39%

LITE

Technology Hardware & Equipment industry group

27.95%

Max: 36.27%
LITE: 27.95%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Celestica (CLS) vs. Lumentum (LITE): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
ROE (TTM)	30.23%	-245.79%
ROA (TTM)	8.72%	9.19%
Net Margin (TTM)	6.83%	-175.78%
Operating Margin (TTM)	7.91%	27.95%
Gross Margin (TTM)	11.46%	47.98%

Growth

Revenue Growth

Both companies are growing quickly, but Lumentum (LITE) at 83.22% is the standout with revenue growth above its industry range; Celestica (CLS) at 28.46% also sits in the top quartile.

Celestica (CLS) vs. Lumentum (LITE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Celestica (CLS) at 98.34% sits in the top EPS growth quartile, while Lumentum (LITE) at -25,224.32% falls below its industry range — a large difference in per-share earnings trajectories.

Celestica (CLS) vs. Lumentum (LITE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
Revenue Growth (YoY)	28.46%	83.22%
Revenue Growth (3Y CAGR)	19.56%	19.48%
EPS Growth (YoY)	98.34%	-25,224.32%
EPS Growth (3Y CAGR)	82.39%	--

Financial Strength

Current Ratio (MRQ)

Both Celestica (CLS) at 1.61 and Lumentum (LITE) at 1.61 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CLS

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
CLS: 1.61
Q1: 1.32
Min: 0.17

LITE

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
LITE: 1.61
Q1: 1.32
Min: 0.17

Celestica (CLS) vs. Lumentum (LITE): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Celestica (CLS) at 0.17 and Lumentum (LITE) at 0.31 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CLS

Technology Hardware & Equipment industry group

0.17

Max: 1.76
Q3: 0.78
Median: 0.24
CLS: 0.17
Q1: 0.04
Min: 0.01

LITE

Technology Hardware & Equipment industry group

0.31

Max: 1.76
Q3: 0.78
LITE: 0.31
Median: 0.24
Q1: 0.04
Min: 0.01

Celestica (CLS) vs. Lumentum (LITE): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
Current Ratio (MRQ)	1.61	1.61
Debt / Equity (MRQ)	0.17	0.31
Net Debt / EBITDA	-1.72	-0.48

Dividends

Dividend Yield (TTM)

Neither Celestica (CLS) nor Lumentum (LITE) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CLS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
CLS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Celestica (CLS) vs. Lumentum (LITE): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Celestica (CLS) nor Lumentum (LITE) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CLS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
CLS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Celestica (CLS) vs. Lumentum (LITE): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Celestica (CLS) trades at 19.50 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

CLS

Technology Hardware & Equipment industry group

19.50

Max: 69.48
Q3: 41.02
Median: 26.39
CLS: 19.50
Q1: 19.36
Min: 6.07

LITE

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
LITE: --

Celestica (CLS) vs. Lumentum (LITE): LITE does not report P/E ratio, so it has no value marker; CLS is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

Celestica (CLS) at 1.43 prices around its industry’s typical P/S ratio, while Lumentum (LITE) at 13.05 clears its benchmark range — LITE looks notably rich on sales.

CLS

Technology Hardware & Equipment industry group

1.43

Max: 11.30
Q3: 5.82
Median: 2.56
CLS: 1.43
Q1: 1.05
Min: 0.00

LITE

Technology Hardware & Equipment industry group

13.05

LITE: 13.05
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Celestica (CLS) vs. Lumentum (LITE): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Celestica (CLS) at 4.19 is valued about in line with its industry on P/B ratio, while Lumentum (LITE) at 10.67 carries an above-peer premium to book — LITE is pricier on assets.

CLS

Technology Hardware & Equipment industry group

4.19

Max: 10.75
Q3: 5.52
CLS: 4.19
Median: 3.17
Q1: 1.79
Min: 0.33

LITE

Technology Hardware & Equipment industry group

10.67

Max: 10.75
LITE: 10.67
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Celestica (CLS) vs. Lumentum (LITE): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Celestica (CLS) and Lumentum (LITE)
Metric	CLS	LITE
P/E Ratio (TTM)	19.50	--
P/S Ratio (TTM)	1.43	13.05
P/B Ratio (MRQ)	4.19	10.67
Free Cash Flow Yield (TTM)	3.08%	0.29%