LightPath Technologies vs RF Industries
RF Industries reported revenue of $81 million in fiscal 2025, about the same as LightPath Technologies' $72 million in fiscal 2026. LightPath Technologies' revenue grew 92.8% in its latest year, and RF Industries' grew 24.2%. LightPath Technologies had an operating margin of -27.4%, against 2.2% at RF Industries. Free cash flow was −$16 million at LightPath Technologies and $4 million at RF Industries. Their fiscal years end in different months (June 30 and October 31), so the periods don't line up exactly.
Side by side
| LightPath Technologies | RF Industries | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Oct 31, 2025 |
| Revenue | $72M | $81M |
| Revenue growth | 92.8% | 24.2% |
| Revenue growth a year, last 5 years | 13.2% | 13.4% |
| Gross margin | 36.0% | 33.2% |
| Operating margin | −27.4% | 2.2% |
| Net margin | −28.6% | 0.1% |
| Free cash flow | −$16M | $4M |
| Free cash flow margin | −23.0% | 5.4% |
| Return on capital | — | 2.8% |
| Net debt to EBITDA | — | −1.2x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 30.6% | 2.8% |
| Last close | $7.06 | $6.66 |
| P/E at the last close | — | 30.3× |
| Insider trades, last 12 months | bought $1,746, sold $90.1 million | — |
| Piotroski F-score | — | 7 of 9 |
Amounts in each company's own currency, US$ 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
LightPath TechnologiesRF Industries
Operating margin
Percent of revenue
LightPath TechnologiesRF Industries
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LightPath TechnologiesRF Industries
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 LightPath Technologies and RF Industries pages.