CRWV vs. LITE: CoreWeave vs. Lumentum Stock Comparison

November 11, 2026

How do CoreWeave (CRWV) 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

CoreWeave (CRWV) and Lumentum (LITE) share the Information Technology sector but sit in different industry groups — CRWV in Software & Services and LITE in Technology Hardware & Equipment.

Lumentum (LITE) has been public since July 23, 2015, giving it a longer listed trading history, while CoreWeave (CRWV) listed on March 28, 2025 and still has a shorter public-market record.

Company profile comparison for CoreWeave (CRWV) and Lumentum (LITE)
Profile Item	CRWV	LITE
Name	CoreWeave Inc. Class A Common Stock	Lumentum Holdings Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Technology Hardware & Equipment
GICS Industry	IT Services	Communications Equipment
GICS Sub-Industry	Internet Services & Infrastructure	Communications Equipment
Market Capitalization	25.59 billion USD	48.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 28, 2025	July 23, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRWV

LITE

GSPC

CoreWeave (CRWV) 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 CoreWeave (CRWV) and Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
Total Return (1Y)	-52.69%	150.31%
Total Return (3Y, Annualized)	--	147.76%
Total Return (5Y, Annualized)	--	45.47%

Risk Profile

Drawdown History

CRWV

LITE

GSPC

CoreWeave (CRWV) 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 CoreWeave (CRWV) and Lumentum (LITE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
Volatility (1Y, Annualized)	98.61%	101.27%
Beta (5Y)	7.43	1.73
Max Drawdown (5Y)	-76.22%	-66.48%
Avg. Volume (3M)	40.98M	5.27M

Risk-Adjusted Performance

Risk-Return Positioning

CRWV and LITE are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
Sharpe Ratio (1Y)	-0.58	1.44
Sortino Ratio (1Y)	-0.86	2.14

Profitability

ROE (TTM)

Both CoreWeave (CRWV) at -43.60% and Lumentum (LITE) at -245.79% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.

CRWV

Software & Services industry group

-43.60%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
CRWV: -43.60%
Min: -50.52%

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%

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their ROE against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

Both CoreWeave (CRWV) at -25.40% and Lumentum (LITE) at -175.78% report negative net margin values, usually indicating net losses over the period.

CRWV

Software & Services industry group

-25.40%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
CRWV: -25.40%
Min: -33.17%

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%

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their net margin against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

CoreWeave (CRWV) reports a negative operating margin of -1.90%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Lumentum (LITE) reports 27.95%, ranking against industry peers normally.

CRWV

Software & Services industry group

-1.90%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
CRWV: -1.90%
Q1: -2.13%
Min: -30.45%

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%

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their operating margin against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
ROE (TTM)	-43.60%	-245.79%
ROA (TTM)	-0.24%	9.19%
Net Margin (TTM)	-25.40%	-175.78%
Operating Margin (TTM)	-1.90%	27.95%
Gross Margin (TTM)	67.42%	47.98%

Growth

Revenue Growth

Both CoreWeave (CRWV) at 167.94% and Lumentum (LITE) at 83.22% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

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

EPS Growth

Only one side can be read here: Lumentum (LITE) reports EPS growth of -25,224.32%, ranked against its industry; CoreWeave (CRWV) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
Revenue Growth (YoY)	167.94%	83.22%
Revenue Growth (3Y CAGR)	586.92%	19.48%
EPS Growth (YoY)	--	-25,224.32%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Lumentum (LITE) at 1.61 keeps current ratio within its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CRWV.

CRWV

Software & Services industry group

0.46

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
CRWV: 0.46
Min: 0.03

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

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their current ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Lumentum (LITE) at 0.31 is near its industry mid-range for debt-to-equity ratio, while CoreWeave (CRWV) at 10.27 sits above its benchmark range, pointing to a heavier debt load relative to equity.

CRWV

Software & Services industry group

10.27

CRWV: 10.27
Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
Min: 0.00

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

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their debt-to-equity ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
Current Ratio (MRQ)	0.46	1.61
Debt / Equity (MRQ)	10.27	0.31
Net Debt / EBITDA	12.16	-0.48

Dividends

Dividend Yield (TTM)

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

CRWV

Software & Services industry group

0.00%

CRWV: 0.00%
Max: 0.00%
Q3: 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%

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their dividend yield against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

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

CRWV

Software & Services industry group

0.00%

CRWV: 0.00%
Max: 0.00%
Q3: 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%

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their payout ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Neither CoreWeave (CRWV) nor Lumentum (LITE) reports a P/E ratio value for this period, so a direct comparison isn’t possible.

CRWV

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
CRWV: --

LITE

Technology Hardware & Equipment industry group

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

CoreWeave (CRWV) vs. Lumentum (LITE): Neither stock reports P/E ratio, so the chart shows available benchmark boxes without value markers.

P/S Ratio (TTM)

CoreWeave (CRWV) at 3.37 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.

CRWV

Software & Services industry group

3.37

Max: 17.91
Q3: 8.78
Median: 4.25
CRWV: 3.37
Q1: 2.23
Min: 0.02

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

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their P/S ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

CoreWeave (CRWV) at 5.09 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.

CRWV

Software & Services industry group

5.09

Max: 16.63
Q3: 8.50
CRWV: 5.09
Median: 4.30
Q1: 1.92
Min: -3.90

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

CoreWeave (CRWV) vs. Lumentum (LITE): A comparison of their P/B ratio against their respective Software & Services and Technology Hardware & Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for CoreWeave (CRWV) and Lumentum (LITE)
Metric	CRWV	LITE
P/E Ratio (TTM)	--	--
P/S Ratio (TTM)	3.37	13.05
P/B Ratio (MRQ)	5.09	10.67
Free Cash Flow Yield (TTM)	-35.51%	0.29%