Lightwave Logic Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Lightwave Logic Inc (LWLG) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Lightwave Logic Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 0M vs 45,592M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-47.7% annualized vs trailing 12 months), vs accelerating (+10.9%) for its tracked peer group.
- Growth: Lightwave Logic Inc generated 27.9% revenue growth year over year in Q2 2026, vs 22.3% for its tracked competitors combined.
- Profitability: Its -20,194.2% net margin compares with 11.0% for the peer group.
- Scale: Lightwave Logic Inc ranks #26 of 47 companies by market capitalization in the Medical Laboratories industry, holding 0.2% of industry market cap.
- Peer revenue share: Lightwave Logic Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.01M compares with $0.25M for the peer group (0.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
LWLG Sales vs. its Competitors, Q2 2026
Lightwave Logic Inc reported revenue growth of 27.91 % year on year in Q2 2026, above its competitors' combined revenue growth of 22.34 %.
With a net margin of -20,194.18 %, Lightwave Logic Inc reported lower profitability than its competitors (11.00 %).
Lightwave Logic Inc generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Lightwave Logic Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Lightwave Logic Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Lightwave Logic Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Lightwave Logic Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Lightwave Logic Inc's competitor groups requires a Commercial License.
For context: the Medical Laboratories industry grew revenue 7.4% year over year, combined, vs 27.9% for Lightwave Logic Inc. Lightwave Logic Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Lightwave Logic Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Lightwave Logic Inc | - | Yes | Yes | No |
| Competitors combined (26) | ||||
| High-Confidence Competitors (9) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
LWLG Stock Performance relative to its Competitors
LWLG Stock Performance relative to High-Confidence Competitors
LWLG Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Emcore Corporation | 282.9% | Outperformed |
| 2 | Lumentum Holdings Inc | 282.9% | Outperformed |
| 3 | Maxlinear Inc | 282.9% | Outperformed |
| 4 | Ieh Corp | 282.9% | Outperformed |
| 5 | Applied Optoelectronics Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Lightwave Logic Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Lightwave Logic Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Lightwave Logic Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Lightwave Logic Inc | 587.06 | 0.25 |
| Te Connectivity plc | 61,524.14 | 19,322.00 |
| Lumentum Holdings Inc | 59,094.40 | 2,953.90 |
| Ciena Corp | 48,717.46 | 5,569.15 |
| Fabrinet | 12,668.44 | 4,641.10 |
| Maxlinear Inc | 6,970.02 | 568.19 |
| SUBTOTAL | 225,434.41 | 51,955.65 |
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Sources: Lightwave Logic Inc's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Lightwave Logic Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Lightwave Logic Inc's Competitors Named by the Company
Competitive relationships identified from Lightwave Logic Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Broadcom | Company report | 85% |
| Hyperlite | Company report | 85% |
| Marvell | Company report | 85% |
| Coherent | Company report | 85% |
| Lumentum | Company report | 85% |
| NLM Photonics | Company report | 85% |
| Ciena | Company report | 85% |
| Broadcom | Company report | 85% |
| Fujitsu | Company report | 85% |
| Lumiphase | Company report | 85% |
| Cisco | Company report | 85% |
| Intel | Company report | 85% |
| ThorLabs | Company report | 85% |
| II-VI | Company report | 85% |
| Molex | Company report | 85% |
| Sumitomo Osaka Cement | Company report | 85% |
| NeoPhotonics | Company report | 85% |
| Nlight Inc | Company report | 85% |
| Clearfield Inc | Company report | 85% |
| Lightpath Technologies Inc | Company report | 85% |
| Fabrinet | Company report | 85% |
| Ipg Photonics Corp | Company report | 85% |
| Applied Optoelectronics Inc | Company report | 85% |
| Rockley Photonics Holdings Limited | Company report | 85% |
| Emcore Corporation | Company report | 85% |
| Meta Materials Inc | Company report | 85% |
| Optical Cable Corporation | Company report | 85% |
Company report basis, confidence, active dates and source counts for Lightwave Logic Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Lightwave Logic Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Lightwave Logic Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Te Connectivity plc | Transportation Solutions 51.05 % |
| Lumentum Holdings Inc | Systems 66.54 % |
| Ciena Corp | Networking Platforms 80.53 % |
| Fabrinet | Reportable 100.00 % |
| Maxlinear Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Lightwave Logic Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Lightwave Logic Inc | 587 | 7,360 | -672,323 |
| Te Connectivity plc | 61,524 | 222,092 | 34,667 |
| Lumentum Holdings Inc | 59,094 | 214,720 | 58,661 |
| Ciena Corp | 48,717 | 613,343 | 48,271 |
| Fabrinet | 12,668 | 215,654 | 21,980 |
| Maxlinear Inc | 6,970 | 509,587 | -93,057 |
| PEERS TOTAL | 224,847 | 252,603 | 17,632 |
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Lightwave Logic Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Te Connectivity plc | Asia Pacific 36.91 % |
| Lumentum Holdings Inc | United States 20.83 % |
| Ciena Corp | Americas 78.36 % |
| Fabrinet | Asia Pacific 73.85 % |
| Applied Optoelectronics Inc | TW 53.63 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Lightwave Logic Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 42 companies in Lightwave Logic Inc's industry classification, broader than the peer set above. Market cap in millions of $.Lightwave Logic Inc ranks #26 of 42 companies by market capitalization in its industry, holding 0.17 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 865, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Natera Inc | 56,992 | 16.63 % |
| 2 | Iqvia Holdings Inc | 45,317 | 13.22 % |
| 3 | Ge Healthcare Technologies Inc | 32,250 | 9.41 % |
| 4 | Quest Diagnostics Inc | 26,336 | 7.68 % |
| 5 | Labcorp Holdings Inc | 1,234 | 5.2% |
| 6 | Incyte Corporation | 1,234 | 5.2% |
| 7 | Koninklijke Philips Nv | 1,234 | 5.2% |
| 8 | Guardant Health Inc | 1,234 | 5.2% |
| 9 | Medpace Holdings Inc | 1,234 | 5.2% |
| 10 | Charles River Laboratories International inc | 1,234 | 5.2% |
| 26 | Lightwave Logic Inc | 587 | 0.17 % |
Market cap and industry share for the rest of Lightwave Logic Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-10-20.
Lightwave Logic Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 21 | Personalis Inc | 1,677 | 93.32 % |
| 22 | Absci Corp | 1,310 | 83.66 % |
| 23 | Lumexa Imaging Holdings Inc | 1,039 | - |
| 24 | Castle Biosciences Inc | 976 | 44.94 % |
| 25 | Omniab Inc | 1,234 | 12.3% |
| 26 | Lightwave Logic Inc | 587 | -19.98 % |
| 27 | Fulgent Genetics Inc | 1,234 | 12.3% |
| 28 | Nrc Health | 1,234 | 12.3% |
| 29 | Onemednet Corporation | 1,234 | 12.3% |
| 30 | Biodesix Inc | 1,234 | 12.3% |
| 31 | Exagen Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Lightwave Logic Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-10-20. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Lightwave Logic Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Medical Laboratories industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (75 companies). See the full Medical Laboratories industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 74.19 % | 34.72 % (avg) | +39.5 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | -6.59 % (avg) | - |
| Capital Intensity (Capex / Revenue) | - | 7.40 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Lightwave Logic Inc's Valuation vs Competitive Position
Valuation multiples vs the Medical Laboratories industry average (75 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Medical Laboratories industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 34.1x | - |
| EV / EBITDA | - | 19.5x | - |
| P/B | 23.9x | 4.6x | +19.3x |
| Return on Equity | -30.34 % | industry aggregate | -33.32 % |
| Return on Invested Capital | -15.59 % | -4.38 % (avg) | -11.21 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Lightwave Logic Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | - | - | - | - | - | - | - | 147.74 % |
| Operating Margin | - | - | - | - | - | - | - | - |
| Return on Invested Capital | -58.69 % | -58.12 % | -62.52 % | -49.77 % | -30.55 % | -29.13 % | -31.26 % | -21.55 % |
| P/E | - | - | - | - | - | 26.2x | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Lightwave Logic Inc's BCG Growth-Share Matrix
Relative market share (vs Lightwave Logic Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Lightwave Logic Inc falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 5.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Lightwave Logic Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 865 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Lightwave Logic Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Lightwave Logic Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Lightwave Logic Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Lightwave Logic Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Lightwave Logic Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 33.3 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-47.7% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Lightwave Logic Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Lightwave Logic Inc | 31.92 | 39.48 | - |
| Te Connectivity plc | 0.25 | 1.71 | 0.44 |
| Lumentum Holdings Inc | 0.72 | 1.50 | 1.20 |
| Ciena Corp | 0.85 | 2.85 | 0.55 |
| Fabrinet | 0.31 | 2.60 | - |
| Maxlinear Inc | 0.47 | 1.58 | 0.27 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Lightwave Logic Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Lightwave Logic Inc | Q2 2026 | +27.9 % | - |
| Te Connectivity plc | Q2 2026 | +13.8 % | +17.2 % |
| Lumentum Holdings Inc | Q2 2026 | +117.9 % | +39.1 % |
| Ciena Corp | Q1 2026 | +39.5 % | +2,333.0 % |
| Fabrinet | Q2 2026 | +44.6 % | +59.7 % |
| Maxlinear Inc | Q2 2026 | +55.6 % | - |
| PEERS TOTAL | +23.3 % | +85.8 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Lightwave Logic Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Lightwave Logic Inc | Q2 2026 | - | +1,011.2 % |
| Te Connectivity plc | Q2 2026 | +13.3 % | +32.2 % |
| Lumentum Holdings Inc | Q2 2026 | +75.2 % | +209.5 % |
| Ciena Corp | Q1 2026 | +30.6 % | - |
| Fabrinet | Q2 2026 | +45.0 % | +82.4 % |
| Maxlinear Inc | Q2 2026 | +51.5 % | -57.3 % |
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Lightwave Logic Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Lightwave Logic Inc | - | - | - |
| Te Connectivity plc | 11.84% | 14.32% | 23.36% |
| Lumentum Holdings Inc | 13.93% | 19.67% | 33.86% |
| Ciena Corp | 7.45% | 9.42% | 15.74% |
| Fabrinet | 14.27% | 21.02% | 21.50% |
| Maxlinear Inc | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Lightwave Logic Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Lightwave Logic Inc | - | 2,345.88 |
| Te Connectivity plc | 20.59 | 3.18 |
| Lumentum Holdings Inc | - | 20.01 |
| Ciena Corp | 110.82 | 8.75 |
| Fabrinet | 26.76 | 2.73 |
| Maxlinear Inc | - | 12.27 |
| PEERS AVERAGE | 62.56 | 4.34 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.