nLIGHT, Inc. Financial Ratios — LASR Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	6.83	-5.93	-9.59	-11.37	-19.05	-15.87	-25.82	-10.59
Return on Assets (%)	- -	2.03	7.74	-5.15	-7.85	-9.03	-15.53	-13.1	-21.07	-8.02
Return on Capital (%)	- -	2.87	9.4	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	4.18	9.13	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	22.86	31.95	34.99	29.63	26.65	28.62	21	21.97	16.63	29.83
EBITDA Margin (%)	-1.22	12.79	13.25	-0.2	-3.3	-5.61	-14.67	-14.25	-22.03	-3.81
Operating Margin (%)	-9.22	7.07	8.92	-5.61	-9.45	-11.19	-21.16	-21.89	-30.9	-9.26
Incremental Operating Margin (%)	- -	51.36	13.76	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-12.16	4.83	9.16	-3.83	-9.24	-11.12	-22.41	-20.32	-30.66	-8.71
Profit Margin (%)	-14.02	1.33	7.28	-7.29	-9.4	-10.98	-22.55	-19.85	-30.62	-8.98
Net Income to Common Margin (%)	-14.02	- -	4.98	-7.29	-9.4	-10.98	-22.55	-19.85	-30.62	-8.98
Effective Tax Rate (%)	- -	72.56	20.53	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	-46.36	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	9.99	-5.93	-9.59	-11.37	-19.05	-15.87	-25.82	-10.59

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	20	17	- -	- -	13	18	16	14	12	36
ST Debt	1	2	- -	- -	2	3	3	3	2	23
LT Debt	18	15	- -	- -	11	15	13	11	10	13
Total Debt/EBITDA	-15.87	0.99	- -	-0.15	-1.77	-1.17	-0.44	-0.47	-0.28	-3.64
Net Debt/EBITDA	-4.98	-1.08	-5.89	339.71	13.84	9.67	1.63	1.78	1.5	7.91
Total Debt/EBIT	-2.11	1.78	0.01	-0.01	-0.62	-0.59	-0.3	-0.31	-0.2	-1.5
Net Debt/EBIT	-0.66	-1.96	-8.75	11.83	4.84	4.85	1.13	1.16	1.07	3.25
EBITDA to Interest Expense	- -	- -	- -	- -	- -	-92.99	- -	-446.55	-416.66	-9.17
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	-225.28	- -	-526.24	-492.2	-17.51
EBIT to Interest Expense	- -	- -	- -	- -	- -	-185.38	- -	-685.81	-584.24	-22.33
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
Common Equity/Total Assets	41.77	55.63	87.07	86.65	77.53	80.87	82.27	82.93	80.09	71.94
Long-Term Debt/Equity (%)	61.9	24.65	0.01	- -	4.82	4.84	4.75	4.31	4.54	5.92
Long-Term Debt/Capital (%)	37.24	19.18	0.01	- -	4.55	4.57	4.49	4.09	4.3	5.11
Long-Term Debt/Total Assets (%)	25.87	13.72	0.01	- -	3.73	3.91	3.9	3.58	3.63	4.26
Total Debt/Equity (%)	66.24	28.51	0.05	0.02	5.93	5.85	5.76	5.57	5.61	15.97
Total Debt/Capital (%)	39.85	22.18	0.05	0.02	5.6	5.53	5.45	5.27	5.31	13.77
Total Debt/Total Assets (%)	27.68	15.86	0.04	0.02	4.6	4.73	4.74	4.62	4.49	11.49
Net Debt to Equity	20.77	-31.36	-68.59	-54.11	-46.33	-48.5	-21.35	-20.91	-30.42	-34.71
Net Debt/Capital (%)	17.2	-45.68	-218.33	-117.9	-77.96	-84.57	-25.29	-24.71	-40.45	-47.91
EBITDA	-1	18	25	- -	-7	-15	-36	-30	-44	-10
EBITDA-CapEx	-5	12	14	-14	-32	-37	-57	-35	-52	-19
Operating Income (Loss)	-9	10	17	-10	-21	-30	-51	-46	-61	-24

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.7	1.27	6.34	4.68	2.47	3.2	3.14	3.45	2.94	2.08
Current Ratio	2.4	2.93	9.27	7.93	4.85	6.06	6.69	6.73	5.67	3.79
Quick Ratio	1.26	1.78	7.53	5.88	3.38	4.32	4.24	4.66	3.96	2.87
CFO/Avg Current Liab	- -	0.14	0.13	-0.17	0.39	-0.17	-0.36	0.3	-0.07	0.43
Common Equity/Total Assets	41.77	55.63	87.07	86.65	77.53	80.87	82.27	82.93	80.09	71.94
Long-Term Debt/Equity (%)	61.9	24.65	0.01	- -	4.82	4.84	4.75	4.31	4.54	5.92
Long-Term Debt/Capital (%)	37.24	19.18	0.01	- -	4.55	4.57	4.49	4.09	4.3	5.11
Long-Term Debt/Total Assets (%)	25.87	13.72	0.01	- -	3.73	3.91	3.9	3.58	3.63	4.26
Total Debt/Equity (%)	66.24	28.51	0.05	0.02	5.93	5.85	5.76	5.57	5.61	15.97
Total Debt/Capital (%)	39.85	22.18	0.05	0.02	5.6	5.53	5.45	5.27	5.31	13.77
Total Debt/Total Assets (%)	27.68	15.86	0.04	0.02	4.6	4.73	4.74	4.62	4.49	11.49
CFO/Total Liabilities	14.4	6.98	10.44	-12.71	20.46	-10.41	-24.91	19.26	-4.38	24.11
CFO/CapEx	1.47	0.62	0.29	-0.31	0.54	-0.35	-0.67	1.89	-0.3	2.36
Altman's Z-Score	-0.97	0.67	13.47	14.71	12.81	9.5	4.74	7.01	4.69	12.71

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	12.02	9.6	6.58	7.56	7.36	6.09	5.42	5.33	6.1
Days Sales Outstanding	- -	30.36	38.03	55.44	48.29	49.58	59.93	67.37	68.46	59.87
Inventory Turnover	- -	3.9	3.83	3.05	3.24	3	2.71	2.74	3.56	4.25
Days Inventory Outstanding	- -	93.61	95.21	119.62	112.61	121.57	134.89	133.43	102.49	85.8
Accounts Payable Turnover	- -	9.42	10.42	10.91	10.19	8.94	8.44	10	11.32	10.45
Accounts Payable Turnover Days	- -	38.73	35.04	33.46	35.82	40.83	43.24	36.5	32.25	34.92
Cash Conversion Cycle	- -	85.24	98.21	141.6	125.08	130.32	151.58	164.3	138.7	110.75
Inventory to Cash Days	- -	-63.26	-57.18	-64.18	-64.32	-71.98	-74.96	-66.05	-34.03	-25.93
Inventories	19	30	35	46	55	74	68	52	41	45
Raw Materials	8	11	14	17	21	32	33	23	19	23
Work In Process	4	6	13	18	21	25	19	20	17	19
Finished Goods	7	12	8	12	12	17	16	9	4	3
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	653	772	1,299	1,060	463	638	513	1,919
- Cash & Cash Equivalents	14	37	149	117	102	147	58	53	66	99
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	20	17	- -	- -	13	18	16	14	12	36
Enterprise Value	6	-19	503	655	1,210	931	370	539	425	1,822
Total Capital	49	79	218	217	233	320	286	269	229	263
Total Debt/Capital (%)	39.85	22.18	0.05	0.02	5.6	5.53	5.45	5.27	5.31	13.77
Total Debt / EV	3.18	-0.91	- -	- -	0.01	0.02	0.04	0.03	0.03	0.02
EV/Sales	0.06	- -	2.63	3.71	5.43	3.45	1.53	2.57	2.14	6.97
EV/EBITDA	- -	- -	19.85	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	29.49	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	1.04	- -	149.07	- -	92.79	- -	- -	53.11	- -	81.15
EV/Free Cash Flow to Firm	0.62	- -	33.35	69.76	32.36	65.19	51.56	34.81	74.83	57.87
Diluted Market Cap	- -	- -	533	753	1,253	1,009	451	622	502	1,875
Diluted Enterprise Value	6	-19	383	636	1,163	880	408	583	449	1,812
EV per Share	0.19	- -	13.71	17.2	30.41	21.04	8.11	11.41	8.68	35.61
TTM Sales	101	139	191	177	223	270	242	210	199	261
TTM EBITDA	-1	18	25	- -	-7	-15	-36	-30	-44	-10
TTM Operating Income	-9	10	17	-10	-21	-30	-51	-46	-61	-24
TTM Cash Flow to Firm	6	3	3	-4	13	-7	-15	10	-2	22
TTM Free Cash Flow to Firm	10	9	15	9	37	14	7	15	6	31

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	35.3	80.16	33.5	71.49	62.77	40.31	90.16	61.75
EV/EBIT	- -	- -	29.49	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	6	-19	503	655	1,210	931	370	539	425	1,822
Low Price	- -	- -	16.25	12.6	9.04	23	8.22	8.13	9.64	6.2
EV/Sales	0.06	- -	2.63	3.71	5.43	3.45	1.53	2.57	2.14	6.97
EV/EBITDA	- -	- -	19.85	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	46.42	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	71.49	-53.91	-40.1	-43.03	-10.88	-13.03	-9.39	-43.44
Price/Earnings High	- -	- -	113.91	-77.12	-67.21	-65.98	-21.15	-17.59	-11.62	-85.17
Price/Earnings Low	- -	- -	42.42	-36.3	-16.57	-32.67	-6.69	-8.99	-7.6	-13.2
Price/Book Value	- -	- -	3	3.57	5.91	3.51	1.71	2.51	2.37	8.46
Price/Book Value Average	- -	- -	4.62	3.29	3.96	4.44	2.25	2.19	2.69	4.6
Price/Book Value High	- -	- -	7.35	4.71	6.64	6.8	4.38	2.96	3.34	9.02
Price/Book Value Low	- -	- -	2.74	2.22	1.64	3.37	1.38	1.51	2.18	1.4
Price/Tangible Book Value	- -	- -	3.05	3.93	6.53	3.74	1.82	2.65	2.53	8.96
Price/Tangible Book Value Average	- -	- -	4.7	3.62	4.37	4.74	2.4	2.32	2.87	4.87
Price/Tangible Book Value High	- -	- -	7.49	5.18	7.33	7.26	4.66	3.13	3.55	9.55
Price/Tangible Book Value Low	- -	- -	2.79	2.44	1.81	3.6	1.47	1.6	2.32	1.48
Price/Sales	- -	- -	2.31	4.26	5.62	3.74	1.86	2.96	2.53	7.17
Price/Sales Average	- -	- -	3.56	3.93	3.77	4.73	2.45	2.59	2.87	3.9
Price/Sales High	- -	- -	5.67	5.63	6.32	7.25	4.77	3.49	3.56	7.65
Price/Sales Low	- -	- -	2.11	2.65	1.56	3.59	1.51	1.78	2.33	1.19
Price/Cash Flow	- -	- -	130.94	-177.5	96.06	-135.6	-30.98	61.64	-213	87.89
Price/Cash Flow Average	- -	- -	201.65	-163.77	64.36	-171.52	-40.84	53.8	-241.88	47.79
Price/Cash Flow High	- -	- -	321.31	-234.3	107.88	-263	-79.39	72.65	-299.5	93.7
Price/Cash Flow Low	- -	- -	119.67	-110.28	26.6	-130.23	-25.12	37.12	-195.74	14.53
Price/Free Cash Flow Average	- -	- -	54.36	73.96	22.45	90.42	82.75	35.19	102.39	33.57
Price/Free Cash Flow High	- -	- -	86.62	105.81	37.63	138.64	160.83	47.51	126.78	65.83
Price/Free Cash Flow Low	- -	- -	32.26	49.8	9.28	68.65	50.89	24.28	82.86	10.21
EV/Sales Average	0.06	- -	4.47	3.37	3.51	4.48	2.35	2.47	2.67	3.75
EV/Sales High	0.06	- -	7.59	5.11	6.15	7.13	4.72	3.4	3.37	7.59
EV/Sales Low	0.06	- -	2.34	2.05	1.21	3.29	1.38	1.64	2.11	0.97
EV/EBITDA Average	-4.99	-1.08	33.75	-1,725.82	-106.1	-79.93	-15.99	-17.31	-12.1	-98.64
EV/EBITDA High	-4.99	-1.08	57.28	-2,615.38	-186.06	-127.09	-32.19	-23.83	-15.28	-199.45
EV/EBITDA Low	-4.99	-1.08	17.64	-1,051.18	-36.74	-58.64	-9.37	-11.54	-9.56	-25.61
EV/EBIT Average	-0.66	-1.96	50.15	-60.09	-37.12	-40.09	-11.09	-11.27	-8.63	-40.53
EV/EBIT High	-0.66	-1.96	85.1	-91.06	-65.09	-63.75	-22.32	-15.52	-10.89	-81.96
EV/EBIT Low	-0.66	-1.96	26.2	-36.6	-12.85	-29.42	-6.5	-7.51	-6.82	-10.52
Last Price	- -	- -	17.78	20.28	32.65	23.95	10.14	13.5	10.49	37.51
High Price	- -	- -	43.63	26.77	36.67	46.45	25.98	15.91	14.75	39.99
Enterprise Value Average	6	-19	856	595	781	1,212	568	518	529	981
Enterprise Value High	6	-19	1,452	902	1,370	1,926	1,143	713	668	1,984
Enterprise Value Low	6	-19	447	363	270	889	333	345	418	255

Shares Outstanding	33	33	37	38	40	44	46	47	49	51
Diluted Weighted Avg Shares	29	29	30	37	38	42	44	46	48	50
Basic Weighted Avg Shares	26	26	25	37	38	42	44	46	48	50
Revenue per Share	3.92	5.37	7.7	4.76	5.81	6.41	5.45	4.56	4.15	5.23
EBITDA per Share	-0.05	0.69	1.02	-0.01	-0.19	-0.36	-0.8	-0.65	-0.91	-0.2
Operating Income per Share	-0.36	0.38	0.69	-0.27	-0.55	-0.72	-1.15	-1	-1.28	-0.48
Basic EPS, GAAP	-0.55	- -	0.38	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	-0.47
Basic EPS from Cont Ops	-0.55	0.07	0.56	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	-0.47
Diluted EPS, GAAP	-0.49	- -	0.32	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	-0.47
Diluted EPS from Cont Ops	-0.49	0.06	0.47	-0.35	-0.55	-0.7	-1.23	-0.9	-1.27	-0.47
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.23	0.13	0.14	-0.11	0.34	-0.18	-0.33	0.22	-0.05	0.43
Free Cash Flow per Basic Share	0.07	-0.08	-0.34	-0.48	-0.29	-0.69	-0.82	0.1	-0.21	0.25
Cash & Equivalents per Share	0.41	1.11	4.07	3.08	2.57	3.31	2.37	2.39	2.06	2.61
Book Value per Share	0.9	1.86	5.93	5.69	5.53	6.83	5.94	5.38	4.42	4.43
Tangible Book Value per Share	0.81	1.76	5.82	5.17	5	6.4	5.58	5.09	4.15	4.19

nLIGHT, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)