InterDigital vs Lumentum
Lumentum reported revenue of $3.0 billion in fiscal 2026, 3.6 times InterDigital's $834 million in fiscal 2025. InterDigital's revenue fell 4.0% in its latest year, and Lumentum's grew 83.2%. InterDigital had an operating margin of 55.3%, against 17.4% at Lumentum. Free cash flow was $529 million at InterDigital and $300 million at Lumentum. Their fiscal years end in different months (December 31 and June 27), so the periods don't line up exactly.
Side by side
| InterDigital | Lumentum | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jun 27, 2026 |
| Revenue | $834M | $3.0B |
| Revenue growth | −4.0% | 83.2% |
| Revenue growth a year, last 5 years | 18.4% | 11.6% |
| Gross margin | — | 41.7% |
| Operating margin | 55.3% | 17.4% |
| Net margin | 48.8% | −230.1% |
| Free cash flow | $529M | $300M |
| Free cash flow margin | 63.4% | 10.0% |
| Return on capital | 113.5% | 10.4% |
| Net debt to EBITDA | −1.4x | 0.6x |
| Dividends and buybacks | $163M | $0M |
| Change in diluted share count | 16.0% | 7.2% |
| Last close | $324.26 | $818.10 |
| P/E at the last close | 37.7× | — |
| Insider trades, last 12 months | sold $26.5 million | sold $175.8 million |
| Piotroski F-score | 6 of 8 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
InterDigitalLumentum
Operating margin
Percent of revenue
InterDigitalLumentum
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
InterDigitalLumentum
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the InterDigital and Lumentum pages.