Nlight price to free cash flow LASR

Market value divided by free cash flow over the last twelve months, since 2021.

Today, Oct 23, 2026: 50.1×
5-year median: 120×
Against its 5-year history: 33rd; percentile: 0 is its lowest day, 100 its highest
5-year range: 35.6× to 344×
Peer median: 31.7×

Nlight's price to free cash flow is 50.1× as of Oct 23, 2026.

That is below its 5-year median of 120×, lower than on 67% of days in the last 5 years.

Over that time it ranged from 35.6× in Jun 2024 to 344× in Apr 2026.

The median for 10 semiconductor stocks of a similar size is 31.7×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	50.1×	46.4×	344×
2025	n/m a value too high to mean anything
2024	44.4×	35.6×	130×
2023	n/m a value too high to mean anything
2022	n/m a value too high to mean anything
2021	216×	164×	229×

Against its peers

Companies in Semiconductors nearest Nlight's size, closest first, today.

Company	Price to free cash flow
LASRNlight	50.1×
VECOVeeco Instruments	30.2×
POWIPower Integrations	33.2×
PLABPhotronics	15.0×
IPGPIPG Photonics	145×
OSISOSI Systems	12.8×
PENGPenguin Solutions	n/m
ACLSAxcelis Technologies	50.2×
CRCTCricut	n/m
SHLSShoals Technologies	n/m
ACMRACM Research	n/m
Peer median	31.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Nlight

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.