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Lumentum vs Turtle Beach: revenue, profit, margins and growth compared

Lumentum brought in $3B of revenue in fiscal 2026, Turtle Beach $319.9M in fiscal 2025. Revenue changed by +83.2% at Lumentum and -14.2% at Turtle Beach on the year before, so Lumentum grew faster. Lumentum kept -230.1% of its revenue as net profit, Turtle Beach 4.9%. Free cash flow was $300.1M at Lumentum and $34M at Turtle Beach.

Side by side, latest fiscal year

LITETBCH
Fiscal year endedFY2026 (June 27, 2026)FY2025 (December 31, 2025)
Revenue$3B$319.9M
Revenue growth+83.2%-14.2%
Net income-$6.9B$15.7M
Net margin-230.1%4.9%
Free cash flow$300.1M$34M
Free cash flow margin10.0%10.6%
Earnings per share (diluted)-$92.96$0.77
Cash$2B$17M
Debt$1.6B$55.7M
Price to earningsn/a16.6
Market value$73.3B$228.2M
Dividend yieldn/an/a
Rank by revenue in sector#16 of 51 · Telecommunications#33 of 51 · Telecommunications

Over the years

Revenue
LITE FY2019: $1.6BLITE FY2020: $1.7BLITE FY2021: $1.7BLITE FY2022: $1.7BLITE FY2023: $1.8BLITE FY2024: $1.4BLITE FY2025: $1.6BLITE FY2026: $3BTBCH FY2018: $287.4MTBCH FY2019: $234.7MTBCH FY2020: $360.1MTBCH FY2021: $366.4MTBCH FY2022: $240.2MTBCH FY2023: $258.1MTBCH FY2024: $372.8MTBCH FY2025: $319.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LITE $3BTBCH $319.9M
Net income
LITE FY2019: -$36.4MLITE FY2020: $135.5MLITE FY2021: $397.3MLITE FY2022: $198.9MLITE FY2023: -$131.6MLITE FY2024: -$546.5MLITE FY2025: $25.9MLITE FY2026: -$6.9BTBCH FY2018: $39.2MTBCH FY2019: $17.9MTBCH FY2020: $38.7MTBCH FY2021: $17.7MTBCH FY2022: -$59.5MTBCH FY2023: -$17.7MTBCH FY2024: $16.2MTBCH FY2025: $15.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LITE -$6.9BTBCH $15.7M
Net margin
LITE FY2019: -2.3%LITE FY2020: 8.1%LITE FY2021: 22.8%LITE FY2022: 11.6%LITE FY2023: -7.4%LITE FY2024: -40.2%LITE FY2025: 1.6%LITE FY2026: -230.1%TBCH FY2018: 13.6%TBCH FY2019: 7.6%TBCH FY2020: 10.8%TBCH FY2021: 4.8%TBCH FY2022: -24.8%TBCH FY2023: -6.8%TBCH FY2024: 4.3%TBCH FY2025: 4.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26
LITE -230.1%TBCH 4.9%
Revenue growth
LITE FY2020: +7.2%LITE FY2021: +3.8%LITE FY2022: -1.7%LITE FY2023: +3.2%LITE FY2024: -23.1%LITE FY2025: +21.0%LITE FY2026: +83.2%TBCH FY2019: -18.4%TBCH FY2020: +53.5%TBCH FY2021: +1.7%TBCH FY2022: -34.4%TBCH FY2023: +7.5%TBCH FY2024: +44.4%TBCH FY2025: -14.2%FY19FY20FY21FY22FY23FY24FY25FY26
LITE +83.2%TBCH -14.2%
Free cash flow
LITE FY2019: $164.1MLITE FY2020: $438.3MLITE FY2021: $653.9MLITE FY2022: $368.1MLITE FY2023: $51.3MLITE FY2024: -$108.3MLITE FY2025: -$104.7MLITE FY2026: $300.1MTBCH FY2018: $37.2MTBCH FY2019: $37.5MTBCH FY2020: $45.4MTBCH FY2021: -$5.9MTBCH FY2022: -$45.4MTBCH FY2023: $24.9MTBCH FY2024: $847KTBCH FY2025: $34MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LITE $300.1MTBCH $34M

Fiscal years as each company reports them; the two may end in different months.

Questions about Lumentum and Turtle Beach

Which is bigger by revenue, Lumentum or Turtle Beach?

Lumentum is bigger by revenue: $3B in fiscal 2026, against $319.9M for Turtle Beach in fiscal 2025.

Which keeps more of its revenue as profit, Lumentum or Turtle Beach?

Lumentum had a net margin of -230.1% in fiscal 2026; Turtle Beach had 4.9% in fiscal 2025.

Which grew revenue faster, Lumentum or Turtle Beach?

In their latest fiscal years revenue changed by +83.2% at Lumentum and -14.2% at Turtle Beach.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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