Stock AnalizNlight, Inc. LASR
Semiconductors · IPO 2018 · data as of November 13, 2026
Nlight, Inc. (LASR) is a technology company listed in the US with a market value of about $2.4B. In the twelve months to September 30, 2026 it had revenue of $318M and net income of -$13M, a net margin of -4.0%.
Its overall Stock Analiz score is 1.4 out of 5 (weak). The strongest part is financial health (4/5); the weakest is value (0/5).
Key numbers: a price to free cash flow of 110.2, 5-year revenue growth of 3% a year, a 5-year average ROIC of -16%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 93% below the current price.
Score: 1.4 / 5
Checks passed
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
- More cash than debt, or low debt to equity
- Positive free cash flow
- Debt below 3 years of free cash flow
- Liabilities below 60% of assets
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $318M | $261M | $199M | $210M | $242M | $270M | $223M | $177M | $191M | $139M | $101M |
| Net income | -$13M | -$23M | -$61M | -$42M | -$55M | -$30M | -$21M | -$13M | $14M | $2M | -$14M |
| Free cash flow | $22M | $12M | -$10M | $5M | -$36M | -$27M | -$10M | -$17M | -$7M | -$2M | $2M |
| EPS (diluted) | $-0.23 | $-0.47 | $-1.27 | $-0.90 | $-1.23 | $-0.70 | $-0.55 | $-0.35 | $0.32 | $0.00 | $-5.68 |
| Net margin | -4.0% | -9.0% | -30.6% | -19.9% | -22.6% | -11.0% | -9.4% | -7.3% | 7.3% | 1.3% | -14.0% |
| ROIC | — | -8.0% | -28.7% | -17.0% | -15.2% | -9.3% | -7.1% | -3.5% | 6.2% | 9.8% | -24.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $59.50, 44% above the current price; targets range from $50.00 to $85.00; the consensus rating is “Strong buy”; expected EPS is $0.73 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is Nlight stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 93% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Nlight pay a dividend?
Not currently.
Is Nlight a good stock to buy?
We do not give buy or sell advice. Nlight scores 1.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.