LITE vs. TDY: Lumentum vs. Teledyne Stock Comparison

November 11, 2026

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

Company profile comparison for Lumentum (LITE) and Teledyne (TDY)
Profile Item	LITE	TDY
Name	Lumentum Holdings Inc.	Teledyne Technologies Incorporated
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Communications Equipment	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Communications Equipment	Electronic Equipment & Instruments
Market Capitalization	48.84 billion USD	28.68 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	July 23, 2015	November 23, 1999
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LITE

TDY

GSPC

Lumentum (LITE) vs. Teledyne (TDY), 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 Teledyne (TDY). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lumentum (LITE) and Teledyne (TDY)
Metric	LITE	TDY
Total Return (1Y)	150.31%	25.47%
Total Return (3Y, Annualized)	147.76%	19.59%
Total Return (5Y, Annualized)	45.47%	7.96%

Risk Profile

Drawdown History

LITE

TDY

GSPC

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

Risk Metrics

Risk profile metrics for Lumentum (LITE) and Teledyne (TDY)
Metric	LITE	TDY
Volatility (1Y, Annualized)	101.27%	27.63%
Beta (5Y)	1.73	0.88
Max Drawdown (5Y)	-66.48%	-32.24%
Avg. Volume (3M)	5.27M	304.37K

Risk-Adjusted Performance

Risk-Return Positioning

LITE and TDY 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 Teledyne (TDY)
Metric	LITE	TDY
Sharpe Ratio (1Y)	1.44	0.77
Sortino Ratio (1Y)	2.14	1.19

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 Teledyne (TDY) reports 9.47%, 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%

TDY

Technology Hardware & Equipment industry group

9.47%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
TDY: 9.47%
Q1: 1.63%
Min: -20.62%

Lumentum (LITE) vs. Teledyne (TDY): 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 Teledyne (TDY) reports 15.75%, 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%

TDY

Technology Hardware & Equipment industry group

15.75%

Max: 27.60%
TDY: 15.75%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

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

Operating Margin (TTM)

Both Lumentum (LITE) at 27.95% and Teledyne (TDY) at 20.76% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

TDY

Technology Hardware & Equipment industry group

20.76%

Max: 36.27%
TDY: 20.76%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Lumentum (LITE) and Teledyne (TDY)
Metric	LITE	TDY
ROE (TTM)	-245.79%	9.47%
ROA (TTM)	9.19%	5.31%
Net Margin (TTM)	-175.78%	15.75%
Operating Margin (TTM)	27.95%	20.76%
Gross Margin (TTM)	47.98%	43.60%

Growth

Revenue Growth

Lumentum (LITE) at 83.22% clears its industry range for revenue growth, far stronger top-line momentum than Teledyne (TDY) at 7.86%, which is closer to a typical peer reading.

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

EPS Growth

Teledyne (TDY) at 9.70% 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.

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

Growth Metrics

Growth metrics for Lumentum (LITE) and Teledyne (TDY)
Metric	LITE	TDY
Revenue Growth (YoY)	83.22%	7.86%
Revenue Growth (3Y CAGR)	19.48%	3.86%
EPS Growth (YoY)	-25,224.32%	9.70%
EPS Growth (3Y CAGR)	--	4.53%

Financial Strength

Current Ratio (MRQ)

Both Lumentum (LITE) at 1.61 and Teledyne (TDY) at 2.31 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

TDY

Technology Hardware & Equipment industry group

2.31

Max: 5.34
Q3: 3.02
TDY: 2.31
Median: 1.95
Q1: 1.32
Min: 0.17

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

Debt / Equity (MRQ)

Both Lumentum (LITE) at 0.31 and Teledyne (TDY) at 0.18 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

TDY

Technology Hardware & Equipment industry group

0.18

Max: 1.76
Q3: 0.78
Median: 0.24
TDY: 0.18
Q1: 0.04
Min: 0.01

Lumentum (LITE) vs. Teledyne (TDY): 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 Teledyne (TDY)
Metric	LITE	TDY
Current Ratio (MRQ)	1.61	2.31
Debt / Equity (MRQ)	0.31	0.18
Net Debt / EBITDA	-0.48	0.88

Dividends

Dividend Yield (TTM)

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

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%

TDY

Technology Hardware & Equipment industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

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

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%

TDY

Technology Hardware & Equipment industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for Lumentum (LITE) and Teledyne (TDY)
Metric	LITE	TDY
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: Teledyne (TDY) trades at 28.32 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: --

TDY

Technology Hardware & Equipment industry group

28.32

Max: 69.48
Q3: 41.02
TDY: 28.32
Median: 26.39
Q1: 19.36
Min: 6.07

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

P/S Ratio (TTM)

Teledyne (TDY) at 4.40 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

TDY

Technology Hardware & Equipment industry group

4.40

Max: 11.30
Q3: 5.82
TDY: 4.40
Median: 2.56
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

Teledyne (TDY) at 2.57 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

TDY

Technology Hardware & Equipment industry group

2.57

Max: 10.75
Q3: 5.52
Median: 3.17
TDY: 2.57
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Lumentum (LITE) and Teledyne (TDY)
Metric	LITE	TDY
P/E Ratio (TTM)	--	28.32
P/S Ratio (TTM)	13.05	4.40
P/B Ratio (MRQ)	10.67	2.57
Free Cash Flow Yield (TTM)	0.29%	3.33%