LPTH
LightPath Technologies, Inc.
LPTH's outlook is improving, though it still trails on the overall score.
MSFT
Microsoft Corporation
MSFT has the edge over LPTH overall, supported by lower modeled downside and stronger valuation.
LPTH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Strong |
LPTH's revenue and balance sheet are currently healthy, but its profitability and cash flow are weak.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
LPTH PE Valuation
LPTH has no meaningful PE right now: it lost money over the past year.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
LPTH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
LPTH has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
LPTH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$0.23 | -$0.09 |
| Q3 2024 | -$0.21 | -$0.09 |
| Q2 2024 | -$0.21 | -$0.08 |
| Q1 2024 | -$0.18 | -$0.02 |
| Q4 2023 | -$0.14 | +$0.01 |
| Q3 2023 | -$0.12 | +$0.04 |
| Q2 2023 | -$0.13 | $0.00 |
| Q1 2023 | -$0.16 | +$0.02 |
MSFT has the stronger earnings trend. Trailing diluted EPS is down 257% for LPTH versus MSFT up 36%.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
LPTH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.8M | +38% |
| Q2 2026 | $21.2M | +73% |
| Q1 2026 | $19.1M | +109% |
| Q4 2025 | $16.4M | +120% |
| Q3 2025 | $15.1M | +79% |
| Q2 2025 | $12.2M | +41% |
| Q1 2025 | $9.2M | +19% |
| Q4 2024 | $7.4M | +1.5% |
LPTH has the edge over MSFT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -10% | +6.2 points |
| Q2 2026 | -20% | +18 points |
| Q1 2026 | -22% | +14 points |
| Q4 2025 | -53% | -19 points |
| Q3 2025 | -17% | -0.3 points |
| Q2 2025 | -38% | -12 points |
| Q1 2025 | -36% | -2.7 points |
| Q4 2024 | -33% | -9.1 points |
LPTH's operating margin was −10% last quarter, up 6.2 points from the same quarter a year ago.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over LPTH on profitability, with a higher operating margin.
LPTH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.9M | -$9.6M |
| Q2 2026 | -$9.5M | -$6.2M |
| Q1 2026 | -$7.7M | -$4M |
| Q4 2025 | $2M | +$2.8M |
| Q3 2025 | -$1.2M | +$560.1K |
| Q2 2025 | -$3.3M | -$3.1M |
| Q1 2025 | -$3.7M | -$2.9M |
| Q4 2024 | -$817.8K | +$981 |
LPTH has burned cash in most quarters: −$26M over the past year, against −$9M the year before.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over LPTH on cash generation, producing positive trailing cash flow while its opponent burns cash.
LPTH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +19% | +11.4M shares |
| 1 year | +71% | +29.1M shares |
| 3 years | +99% | +34.9M shares |
| 5 years | +166% | +43.6M shares |
| Available history | +156% | +42.6M shares |
LPTH has 70M diluted shares, up 71% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over LPTH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
LPTH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -3.2x | Net Cash |
| Q3 2022 | -20.5x | Net Cash |
| Q2 2022 | -2.3x | Net Cash |
| Q3 2021 | 0.2x | Very low |
| Q2 2021 | -1.6x | Net Cash |
| Q1 2021 | -0.4x | Net Cash |
| Q4 2020 | -0.2x | Net Cash |
| Q3 2020 | -0.2x | Net Cash |
LPTH has more cash than debt.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
LPTH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.8 | Neutral |
| Stochastic | 13.1 | Oversold |
LPTH's weekly RSI is 40 (neutral) and its Stochastic is 13 (oversold).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
LPTH PE vs Technology Sector
| Metric | LPTH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
LPTH has no meaningful PE right now: it lost money over the past year.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
LPTH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.51 | 15% below |
| 20 week MA | $10.4 | 31% below |
| 50 week MA | $11.4 | 37% below |
| 100 week MA | $7.72 | 6.6% below |
| 200 week MA | $4.60 | 57% above |
LPTH has fallen below most of its moving averages, though it's still 57% above its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over LPTH on trend strength, trading above more of its moving averages.
LPTH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.69 | $4.06 | +488% |
| 2021 | $4.06 | $2.31 | -43% |
| 2022 | $2.31 | $1.20 | -48% |
| 2023 | $1.20 | $1.26 | +5% |
| 2024 | $1.26 | $3.49 | +177% |
| 2025 | $3.49 | $9.02 | +158% |
| 2026 YTD | $9.02 | $7.21 | -20% |
LPTH's yearly returns have swung widely, from +488% in 2020 to −48% in 2022. It's down 20% so far in 2026.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over LPTH on returns for 2026, with the stronger performance.