LITE vs. NOK: A Head-to-Head Stock Comparison

Updated on October 12, 2025

Here’s a clear look at LITE and NOK, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

LITE is a standard domestic listing, while NOK trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.

Symbol	LITE	NOK
Company Name	Lumentum Holdings Inc.	Nokia Oyj
Country	United States	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry	Communications Equipment	Communications Equipment
Market Capitalization	11.57 billion USD	27.81 billion USD
Exchange	NasdaqGS	NYSE
Listing Date	July 23, 2015	July 1, 1994
Security Type	Common Stock	ADR

Historical Performance

This chart compares the performance of LITE and NOK by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

LITE vs. NOK: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	LITE	NOK
5-Day Price Return	-3.92%	3.78%
13-Week Price Return	80.33%	-2.00%
26-Week Price Return	205.13%	-14.93%
52-Week Price Return	142.44%	-30.85%
Month-to-Date Return	0.23%	4.27%
Year-to-Date Return	94.27%	-0.50%
10-Day Avg. Volume	2.77M	10.97M
3-Month Avg. Volume	2.94M	11.06M
3-Month Volatility	47.60%	31.17%
Beta	1.57	0.74

Profitability

Return on Equity (TTM)

LITE

2.74%

Communications Equipment Industry

Max: 32.30%
Q3: 20.90%
Median: 9.10%
Q1: 4.29%
Min: -13.50%

LITE’s Return on Equity of 2.74% is in the lower quartile for the Communications Equipment industry. This indicates a less efficient generation of profit from its equity base when compared to its competitors.

NOK

5.01%

Communications Equipment Industry

Max: 32.30%
Q3: 20.90%
Median: 9.10%
Q1: 4.29%
Min: -13.50%

NOK’s Return on Equity of 5.01% is on par with the norm for the Communications Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

LITE vs. NOK: A comparison of their Return on Equity (TTM) against the Communications Equipment industry benchmark.

Net Profit Margin (TTM)

LITE

1.57%

Communications Equipment Industry

Max: 23.65%
Q3: 12.56%
Median: 5.62%
Q1: 2.50%
Min: -3.09%

Falling into the lower quartile for the Communications Equipment industry, LITE’s Net Profit Margin of 1.57% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

NOK

5.31%

Communications Equipment Industry

Max: 23.65%
Q3: 12.56%
Median: 5.62%
Q1: 2.50%
Min: -3.09%

NOK’s Net Profit Margin of 5.31% is aligned with the median group of its peers in the Communications Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

LITE vs. NOK: A comparison of their Net Profit Margin (TTM) against the Communications Equipment industry benchmark.

Operating Profit Margin (TTM)

LITE

-10.95%

Communications Equipment Industry

Max: 25.23%
Q3: 13.72%
Median: 6.44%
Q1: 3.00%
Min: -10.95%

LITE has a negative Operating Profit Margin of -10.95%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

NOK

6.21%

Communications Equipment Industry

Max: 25.23%
Q3: 13.72%
Median: 6.44%
Q1: 3.00%
Min: -10.95%

NOK’s Operating Profit Margin of 6.21% is around the midpoint for the Communications Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

LITE vs. NOK: A comparison of their Operating Profit Margin (TTM) against the Communications Equipment industry benchmark.

Profitability at a Glance

Symbol	LITE	NOK
Return on Equity (TTM)	2.74%	5.01%
Return on Assets (TTM)	0.64%	2.68%
Net Profit Margin (TTM)	1.57%	5.31%
Operating Profit Margin (TTM)	-10.95%	6.21%
Gross Profit Margin (TTM)	27.96%	44.23%

Financial Strength

Current Ratio (MRQ)

LITE

4.37

Communications Equipment Industry

Max: 3.33
Q3: 2.13
Median: 1.55
Q1: 1.15
Min: 0.91

LITE’s Current Ratio of 4.37 is exceptionally high, placing it well outside the typical range for the Communications Equipment industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

NOK

1.46

Communications Equipment Industry

Max: 3.33
Q3: 2.13
Median: 1.55
Q1: 1.15
Min: 0.91

NOK’s Current Ratio of 1.46 aligns with the median group of the Communications Equipment industry, indicating that its short-term liquidity is in line with its sector peers.

LITE vs. NOK: A comparison of their Current Ratio (MRQ) against the Communications Equipment industry benchmark.

Debt-to-Equity Ratio (MRQ)

LITE

2.27

Communications Equipment Industry

Max: 1.44
Q3: 0.86
Median: 0.53
Q1: 0.22
Min: 0.00

With a Debt-to-Equity Ratio of 2.27, LITE operates with exceptionally high leverage compared to the Communications Equipment industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

NOK

0.21

Communications Equipment Industry

Max: 1.44
Q3: 0.86
Median: 0.53
Q1: 0.22
Min: 0.00

Falling into the lower quartile for the Communications Equipment industry, NOK’s Debt-to-Equity Ratio of 0.21 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

LITE vs. NOK: A comparison of their Debt-to-Equity Ratio (MRQ) against the Communications Equipment industry benchmark.

Interest Coverage Ratio (TTM)

LITE

4.46

Communications Equipment Industry

Max: 55.49
Q3: 34.19
Median: 7.59
Q1: 3.73
Min: -9.94

LITE’s Interest Coverage Ratio of 4.46 is positioned comfortably within the norm for the Communications Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

NOK

34.19

Communications Equipment Industry

Max: 55.49
Q3: 34.19
Median: 7.59
Q1: 3.73
Min: -9.94

NOK’s Interest Coverage Ratio of 34.19 is positioned comfortably within the norm for the Communications Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

LITE vs. NOK: A comparison of their Interest Coverage Ratio (TTM) against the Communications Equipment industry benchmark.

Financial Strength at a Glance

Symbol	LITE	NOK
Current Ratio (MRQ)	4.37	1.46
Quick Ratio (MRQ)	2.87	1.21
Debt-to-Equity Ratio (MRQ)	2.27	0.21
Interest Coverage Ratio (TTM)	4.46	34.19

Growth

Revenue Growth

LITE vs. NOK: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

LITE vs. NOK: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

LITE

0.00%

Communications Equipment Industry

Max: 8.13%
Q3: 3.29%
Median: 0.94%
Q1: 0.00%
Min: 0.00%

LITE currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

NOK

3.03%

Communications Equipment Industry

Max: 8.13%
Q3: 3.29%
Median: 0.94%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Yield of 3.03% is consistent with its peers in the Communications Equipment industry, providing a dividend return that is standard for its sector.

LITE vs. NOK: A comparison of their Dividend Yield (TTM) against the Communications Equipment industry benchmark.

Dividend Payout Ratio (TTM)

LITE

0.00%

Communications Equipment Industry

Max: 111.16%
Q3: 70.91%
Median: 30.78%
Q1: 0.00%
Min: 0.00%

LITE has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

NOK

50.74%

Communications Equipment Industry

Max: 111.16%
Q3: 70.91%
Median: 30.78%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Payout Ratio of 50.74% is within the typical range for the Communications Equipment industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

LITE vs. NOK: A comparison of their Dividend Payout Ratio (TTM) against the Communications Equipment industry benchmark.

Dividend at a Glance

Symbol	LITE	NOK
Dividend Yield (TTM)	0.00%	3.03%
Dividend Payout Ratio (TTM)	0.00%	50.74%

Valuation

Price-to-Earnings Ratio (TTM)

LITE

438.01

Communications Equipment Industry

Max: 103.74
Q3: 61.65
Median: 26.20
Q1: 18.12
Min: 4.19

At 438.01, LITE’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Communications Equipment industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

NOK

22.95

Communications Equipment Industry

Max: 103.74
Q3: 61.65
Median: 26.20
Q1: 18.12
Min: 4.19

NOK’s P/E Ratio of 22.95 is within the middle range for the Communications Equipment industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

LITE vs. NOK: A comparison of their Price-to-Earnings Ratio (TTM) against the Communications Equipment industry benchmark.

Price-to-Sales Ratio (TTM)

LITE

6.90

Communications Equipment Industry

Max: 6.86
Q3: 6.24
Median: 2.44
Q1: 1.02
Min: 0.48

With a P/S Ratio of 6.90, LITE trades at a valuation that eclipses even the highest in the Communications Equipment industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

NOK

1.22

Communications Equipment Industry

Max: 6.86
Q3: 6.24
Median: 2.44
Q1: 1.02
Min: 0.48

NOK’s P/S Ratio of 1.22 aligns with the market consensus for the Communications Equipment industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

LITE vs. NOK: A comparison of their Price-to-Sales Ratio (TTM) against the Communications Equipment industry benchmark.

Price-to-Book Ratio (MRQ)

LITE

5.81

Communications Equipment Industry

Max: 6.28
Q3: 5.73
Median: 3.32
Q1: 2.02
Min: 0.42

LITE’s P/B Ratio of 5.81 is in the upper tier for the Communications Equipment industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

NOK

1.21

Communications Equipment Industry

Max: 6.28
Q3: 5.73
Median: 3.32
Q1: 2.02
Min: 0.42

NOK’s P/B Ratio of 1.21 is in the lower quartile for the Communications Equipment industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

LITE vs. NOK: A comparison of their Price-to-Book Ratio (MRQ) against the Communications Equipment industry benchmark.

Valuation at a Glance

Symbol	LITE	NOK
Price-to-Earnings Ratio (TTM)	438.01	22.95
Price-to-Sales Ratio (TTM)	6.90	1.22
Price-to-Book Ratio (MRQ)	5.81	1.21
Price-to-Free Cash Flow Ratio (TTM)	1,123.21	15.82