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FLEX vs. LITE: Flex vs. Lumentum Stock Comparison

How do Flex (FLEX) 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

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

Company profile comparison for Flex (FLEX) and Lumentum (LITE)
Profile ItemFLEXLITE
NameFlex Ltd.Lumentum Holdings Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & ComponentsCommunications Equipment
GICS Sub-IndustryElectronic Manufacturing ServicesCommunications Equipment
Market Capitalization25.78 billion USD48.84 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMarch 18, 1994July 23, 2015
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FLEX
LITE
GSPC
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Flex (FLEX) 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 Flex (FLEX) and Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
Total Return (1Y)24.99%150.31%
Total Return (3Y, Annualized)59.41%147.76%
Total Return (5Y, Annualized)42.37%45.47%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
Volatility (1Y, Annualized)76.21%101.27%
Beta (5Y)1.821.73
Max Drawdown (5Y)-58.83%-66.48%
Avg. Volume (3M)4.28M5.27M

Risk-Adjusted Performance

Risk-Return Positioning

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FLEX 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 Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
Sharpe Ratio (1Y)0.271.44
Sortino Ratio (1Y)0.442.14

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 Flex (FLEX) reports 19.13%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

19.13%

Max
42.47%
FLEX
19.13%
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%
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Flex (FLEX) 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 Flex (FLEX) reports 3.35%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

3.35%

Max
27.60%
Q3
11.66%
Median
4.08%
FLEX
3.35%
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%
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Flex (FLEX) 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 Flex (FLEX) at 5.05%, which runs around its industry’s norm.

FLEX

Technology Hardware & Equipment industry group

5.05%

Max
36.27%
Q3
18.36%
Median
8.84%
FLEX
5.05%
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%
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Flex (FLEX) vs. Lumentum (LITE): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
ROE (TTM)19.13%-245.79%
ROA (TTM)4.39%9.19%
Net Margin (TTM)3.35%-175.78%
Operating Margin (TTM)5.05%27.95%
Gross Margin (TTM)9.67%47.98%

Growth

Revenue Growth

Lumentum (LITE) at 83.22% clears its industry range for revenue growth, far stronger top-line momentum than Flex (FLEX) at 8.14%, which is closer to a typical peer reading.

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

EPS Growth

Flex (FLEX) at 10.43% is around its peer norm for EPS growth, while Lumentum (LITE) at -25,224.32% falls below its industry range, a notably weak earnings reading.

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

Growth Metrics

Growth metrics for Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
Revenue Growth (YoY)8.14%83.22%
Revenue Growth (3Y CAGR)-0.69%19.48%
EPS Growth (YoY)10.43%-25,224.32%
EPS Growth (3Y CAGR)10.65%--

Financial Strength

Current Ratio (MRQ)

Both Flex (FLEX) at 1.34 and Lumentum (LITE) at 1.61 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FLEX

Technology Hardware & Equipment industry group

1.34

Max
5.34
Q3
3.02
Median
1.95
FLEX
1.34
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
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Flex (FLEX) vs. Lumentum (LITE): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Lumentum (LITE) at 0.31 carries an industry-typical debt-to-equity mix, while Flex (FLEX) at 1.03 uses more debt funding than most peers.

FLEX

Technology Hardware & Equipment industry group

1.03

Max
1.76
FLEX
1.03
Q3
0.78
Median
0.24
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
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Flex (FLEX) 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 Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
Current Ratio (MRQ)1.341.61
Debt / Equity (MRQ)1.030.31
Net Debt / EBITDA1.32-0.48

Dividends

Dividend Yield (TTM)

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

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
0.73%
Q3
0.31%
FLEX
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%
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Flex (FLEX) vs. Lumentum (LITE): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

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

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
FLEX
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%
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Flex (FLEX) vs. Lumentum (LITE): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
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: Flex (FLEX) trades at 25.10 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

FLEX

Technology Hardware & Equipment industry group

25.10

Max
69.48
Q3
41.02
Median
26.39
FLEX
25.10
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
--
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Flex (FLEX) vs. Lumentum (LITE): LITE does not report P/E ratio, so it has no value marker; FLEX is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

Flex (FLEX) at 0.83 sits in the cheaper P/S ratio quartile while Lumentum (LITE) at 13.05 prices above its industry range — a wide gap in sales valuation between them.

FLEX

Technology Hardware & Equipment industry group

0.83

Max
11.30
Q3
5.82
Median
2.56
Q1
1.05
FLEX
0.83
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
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Flex (FLEX) vs. Lumentum (LITE): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Flex (FLEX) at 4.44 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.

FLEX

Technology Hardware & Equipment industry group

4.44

Max
10.75
Q3
5.52
FLEX
4.44
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
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Flex (FLEX) vs. Lumentum (LITE): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Flex (FLEX) and Lumentum (LITE)
MetricFLEXLITE
P/E Ratio (TTM)25.10--
P/S Ratio (TTM)0.8313.05
P/B Ratio (MRQ)4.4410.67
Free Cash Flow Yield (TTM)2.41%0.29%