Rockley Photonics Holdings Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Rockley Photonics Holdings Limited (RKLY) 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: Rockley Photonics Holdings Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 3M vs 49,849M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-72.3% annualized vs trailing 12 months), vs decelerating (-12.0%) for its tracked peer group.
- Growth: Rockley Photonics Holdings Limited generated -90.7% revenue growth year over year in Q4 2022, vs 8.9% for its tracked competitors combined.
- Profitability: Its -32,201.3% net margin compares with 5.4% for the peer group.
- Peer revenue share: Rockley Photonics Holdings Limited accounted for 0.0% of combined revenue among its tracked peer group, down 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).
RKLY Sales vs. its Competitors, Q4 2022
Rockley Photonics Holdings Limited reported revenue contraction of 90.66 % year on year in Q4 2022, below its competitors' combined revenue growth of 8.94 %.
With a net margin of -32,201.33 %, Rockley Photonics Holdings Limited reported lower profitability than its competitors (5.40 %).
Rockley Photonics Holdings Limited generated 0.00 % of the combined sales of its peer group, down from 0.02 % a year earlier.
Rockley Photonics Holdings Limited vs. its Competitors, Q4 2022
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 an SEC filing; 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 Rockley Photonics Holdings Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Rockley Photonics Holdings Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Rockley Photonics Holdings Limited's competitor groups requires a Commercial License.
For context: the Semiconductors industry grew revenue 10.5% year over year, combined, vs -90.7% for Rockley Photonics Holdings Limited. Rockley Photonics Holdings Limited's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Rockley Photonics Holdings Limited'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 |
|---|---|---|---|---|
| Rockley Photonics Holdings Limited | - | No | No | Yes |
| Competitors combined (37) |
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.
RKLY Stock Performance relative to its 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 | Applied Optoelectronics Inc | 282.9% | Outperformed |
| 5 | Ieh Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Rockley Photonics Holdings Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Rockley Photonics Holdings Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Rockley Photonics Holdings Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Rockley Photonics Holdings Limited | 25.08 | 3.25 |
| Lumentum Holdings Inc | 68,730.47 | 2,953.90 |
| Te Connectivity plc | 62,910.03 | 19,322.00 |
| Fabrinet | 14,861.87 | 4,641.10 |
| Maxlinear Inc | 8,759.97 | 568.19 |
| Applied Optoelectronics Inc | 7,897.41 | 596.05 |
| SUBTOTAL | 205,490.98 | 51,102.04 |
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Sources: Rockley Photonics Holdings Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Rockley Photonics Holdings Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Rockley Photonics Holdings Limited'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 |
|---|---|
| Lumentum Holdings Inc | Systems 66.54 % |
| Te Connectivity plc | Transportation Solutions 51.05 % |
| Fabrinet | Reportable 100.00 % |
| Maxlinear Inc | Reportable 100.00 % |
| Plexus Corp | Asia Pacific 56.05 % |
Source: operating segment revenue as reported in each company's SEC filings (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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Rockley Photonics Holdings Limited'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 |
|---|---|---|---|
| Rockley Photonics Holdings Limited | 25 | 10,755 | -741,854 |
| Lumentum Holdings Inc | 68,730 | 214,720 | 58,661 |
| Te Connectivity plc | 62,910 | 222,092 | 34,667 |
| Fabrinet | 14,862 | 215,654 | 21,980 |
| Maxlinear Inc | 8,760 | 509,587 | -93,057 |
| Applied Optoelectronics Inc | 7,897 | 127,061 | -12,155 |
| PEERS TOTAL | 205,466 | 246,802 | 14,697 |
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Rockley Photonics Holdings Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Lumentum Holdings Inc | United States 20.83 % |
| Te Connectivity plc | Asia Pacific 36.91 % |
| Fabrinet | Asia Pacific 73.85 % |
| Applied Optoelectronics Inc | TW 53.63 % |
| Belden Inc | Americas 67.88 % |
Source: revenue geography as reported in each company's SEC filings (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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Rockley Photonics Holdings Limited's Valuation vs Competitive Position
Valuation multiples vs the Semiconductors industry average (151 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.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 43.3x | - |
| EV / EBITDA | - | 22.7x | - |
| P/B | -1.7x | 6.6x | -8.3x |
| Return on Equity | 784.23 % | industry aggregate | 762.69 % |
| Return on Invested Capital | -2,594.86 % | -0.16 % (avg) | -2,594.70 % |
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.
Rockley Photonics Holdings Limited'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 |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 137.22 % vs industry average 9.39 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Rockley Photonics Holdings Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Rockley Photonics Holdings Limited'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.
Rockley Photonics Holdings Limited'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
- Return on equity 762.7 points above the industry aggregate.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-72.3% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 10.3% median pace.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-12.0% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
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.
Rockley Photonics Holdings Limited'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 |
|---|---|---|---|
| Rockley Photonics Holdings Limited | 0.28 | 1.12 | - |
| Lumentum Holdings Inc | 0.72 | 1.50 | 1.20 |
| Te Connectivity plc | 0.25 | 1.71 | 0.44 |
| Fabrinet | 0.31 | 2.60 | - |
| Maxlinear Inc | 0.47 | 1.58 | 0.27 |
| Applied Optoelectronics Inc | 1.11 | 2.87 | 0.14 |
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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.
Rockley Photonics Holdings Limited'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 |
|---|---|---|---|
| Rockley Photonics Holdings Limited | Q4 2022 | -90.7 % | - |
| Lumentum Holdings Inc | Q2 2026 | +117.9 % | +39.1 % |
| Te Connectivity plc | Q2 2026 | +13.8 % | +17.2 % |
| Fabrinet | Q2 2026 | +44.6 % | +59.7 % |
| Maxlinear Inc | Q2 2026 | +55.6 % | - |
| Applied Optoelectronics Inc | Q2 2026 | +87.9 % | - |
| PEERS TOTAL | +19.1 % | +49.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Rockley Photonics Holdings Limited'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 |
|---|---|---|---|
| Rockley Photonics Holdings Limited | Q4 2022 | - | -34.6 % |
| Lumentum Holdings Inc | Q2 2026 | +75.2 % | +209.5 % |
| Te Connectivity plc | Q2 2026 | +13.3 % | +32.2 % |
| Fabrinet | Q2 2026 | +45.0 % | +82.4 % |
| Maxlinear Inc | Q2 2026 | +51.5 % | -57.3 % |
| Applied Optoelectronics Inc | Q2 2026 | +95.4 % | +1,017.5 % |
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Rockley Photonics Holdings Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Rockley Photonics Holdings Limited | - | - | - |
| Lumentum Holdings Inc | 13.93% | 19.67% | 33.86% |
| Te Connectivity plc | 11.84% | 14.32% | 23.36% |
| Fabrinet | 14.27% | 21.02% | 21.50% |
| Maxlinear Inc | - | - | - |
| Applied Optoelectronics 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).
Rockley Photonics Holdings Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Rockley Photonics Holdings Limited | - | 7.72 |
| Lumentum Holdings Inc | - | 23.27 |
| Te Connectivity plc | 21.05 | 3.26 |
| Fabrinet | 31.39 | 3.20 |
| Maxlinear Inc | - | 15.42 |
| Applied Optoelectronics Inc | - | 13.25 |
| PEERS AVERAGE | 72.90 | 4.02 |
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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.