LITE vs. NOK: Lumentum vs. Nokia Stock Comparison

November 11, 2026

How do Lumentum (LITE) and Nokia (NOK) 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

Lumentum (LITE) and Nokia (NOK) are both classified in the Communications Equipment sub-industry within the broader Communications Equipment industry, placing them in the closest GICS peer bucket.

Lumentum (LITE) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Lumentum (LITE) and Nokia (NOK)
Profile Item	LITE	NOK
Name	Lumentum Holdings Inc.	Nokia Corporation Sponsored ADR
Country/Region	United States	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Communications Equipment	Communications Equipment
GICS Sub-Industry	Communications Equipment	Communications Equipment
Market Capitalization	48.84 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	July 23, 2015	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

LITE

NOK

GSPC

Lumentum (LITE) vs. Nokia (NOK), 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 Lumentum (LITE) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
Total Return (1Y)	150.31%	19.81%
Total Return (3Y, Annualized)	147.76%	36.27%
Total Return (5Y, Annualized)	45.47%	9.52%

Risk Profile

Drawdown History

LITE

NOK

GSPC

Lumentum (LITE) vs. Nokia (NOK), 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 Lumentum (LITE) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
Volatility (1Y, Annualized)	101.27%	62.40%
Beta (5Y)	1.73	1.24
Max Drawdown (5Y)	-66.48%	-55.73%
Avg. Volume (3M)	5.27M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

LITE and NOK 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 Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
Sharpe Ratio (1Y)	1.44	0.25
Sortino Ratio (1Y)	2.14	0.35

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 Nokia (NOK) reports 3.88%, ranking against industry peers normally.

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%

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
Q1: 1.63%
Min: -20.62%

Lumentum (LITE) vs. Nokia (NOK): 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 Nokia (NOK) reports 3.75%, ranking against industry peers normally.

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%

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
Q1: 0.00%
Min: -11.02%

Lumentum (LITE) vs. Nokia (NOK): 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 Nokia (NOK) at 10.81%, which runs around its industry’s norm.

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%

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
ROE (TTM)	-245.79%	3.88%
ROA (TTM)	9.19%	3.49%
Net Margin (TTM)	-175.78%	3.75%
Operating Margin (TTM)	27.95%	10.81%
Gross Margin (TTM)	47.98%	45.43%

Growth

Revenue Growth

Lumentum (LITE) at 83.22% clears its industry range for revenue growth, far stronger top-line momentum than Nokia (NOK) at 3.48%, which is closer to a typical peer reading.

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

EPS Growth

Neither side shows strong earnings momentum: Nokia (NOK) at -47.83% sits in the bottom EPS growth quartile, and Lumentum (LITE) at -25,224.32% is weaker still, below its industry range.

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

Growth Metrics

Growth metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
Revenue Growth (YoY)	83.22%	3.48%
Revenue Growth (3Y CAGR)	19.48%	-5.76%
EPS Growth (YoY)	-25,224.32%	-47.83%
EPS Growth (3Y CAGR)	--	-45.71%

Financial Strength

Current Ratio (MRQ)

Both Lumentum (LITE) at 1.61 and Nokia (NOK) at 1.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
Q1: 1.32
Min: 0.17

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

Debt / Equity (MRQ)

Both Lumentum (LITE) at 0.31 and Nokia (NOK) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
Q1: 0.04
Min: 0.01

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

Financial Strength Metrics

Financial strength metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
Current Ratio (MRQ)	1.61	1.46
Debt / Equity (MRQ)	0.31	0.16
Net Debt / EBITDA	-0.48	-0.59

Dividends

Dividend Yield (TTM)

Lumentum (LITE) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nokia (NOK) reports a yield of 1.88%, ranking against industry peers normally.

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%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings; Lumentum (LITE) pays no dividend (payout 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%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
Dividend Yield (TTM)	0.00%	1.88%
Dividend Payout Ratio (TTM)	0.00%	100.17%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Nokia (NOK) trades at 47.88 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

LITE

Technology Hardware & Equipment industry group

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

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

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

P/S Ratio (TTM)

Nokia (NOK) at 2.08 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.

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

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

Nokia (NOK) at 1.82 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.

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

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Lumentum (LITE) and Nokia (NOK)
Metric	LITE	NOK
P/E Ratio (TTM)	--	47.88
P/S Ratio (TTM)	13.05	2.08
P/B Ratio (MRQ)	10.67	1.82
Free Cash Flow Yield (TTM)	0.29%	2.98%