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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and Lumentum Holdings Inc. (LITE). Click either name above to swap in a different company.

Lumentum Holdings Inc. is the larger business by last-quarter revenue ($665.5M vs $336.2M, roughly 2.0× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 11.8%, a 16.4% gap on every dollar of revenue. On growth, Lumentum Holdings Inc. posted the faster year-over-year revenue change (65.5% vs 4.2%). Over the past eight quarters, Lumentum Holdings Inc.'s revenue compounded faster (34.8% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

JDS Uniphase Corporation (JDSU) was an American company that designed and manufactured products for optical communications networks, communications test and measurement equipment, lasers, optical solutions for authentication and decorative applications, and other custom optics. It was headquartered in Milpitas, California. In August 2015, JDSU split into two different companies – Viavi Solutions and Lumentum Holdings.

FULT vs LITE — Head-to-Head

Bigger by revenue
LITE
LITE
2.0× larger
LITE
$665.5M
$336.2M
FULT
Growing faster (revenue YoY)
LITE
LITE
+61.3% gap
LITE
65.5%
4.2%
FULT
Higher net margin
FULT
FULT
16.4% more per $
FULT
28.2%
11.8%
LITE
Faster 2-yr revenue CAGR
LITE
LITE
Annualised
LITE
34.8%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FULT
FULT
LITE
LITE
Revenue
$336.2M
$665.5M
Net Profit
$94.8M
$78.2M
Gross Margin
36.1%
Operating Margin
9.7%
Net Margin
28.2%
11.8%
Revenue YoY
4.2%
65.5%
Net Profit YoY
1.9%
228.4%
EPS (diluted)
$0.55
$0.89

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FULT
FULT
LITE
LITE
Q1 26
$336.2M
Q4 25
$336.0M
$665.5M
Q3 25
$334.6M
$533.8M
Q2 25
$324.1M
$480.7M
Q1 25
$318.4M
$425.2M
Q4 24
$319.6M
$402.2M
Q3 24
$317.7M
$336.9M
Q2 24
$334.7M
$308.3M
Net Profit
FULT
FULT
LITE
LITE
Q1 26
$94.8M
Q4 25
$99.0M
$78.2M
Q3 25
$100.5M
$4.2M
Q2 25
$99.2M
$213.3M
Q1 25
$93.0M
$-44.1M
Q4 24
$68.6M
$-60.9M
Q3 24
$63.2M
$-82.4M
Q2 24
$95.0M
$-252.5M
Gross Margin
FULT
FULT
LITE
LITE
Q1 26
Q4 25
36.1%
Q3 25
34.0%
Q2 25
33.3%
Q1 25
28.8%
Q4 24
24.8%
Q3 24
23.1%
Q2 24
16.6%
Operating Margin
FULT
FULT
LITE
LITE
Q1 26
Q4 25
35.7%
9.7%
Q3 25
38.2%
1.3%
Q2 25
37.8%
-1.7%
Q1 25
36.1%
-8.9%
Q4 24
27.0%
-12.8%
Q3 24
25.1%
-24.5%
Q2 24
30.8%
-43.3%
Net Margin
FULT
FULT
LITE
LITE
Q1 26
28.2%
Q4 25
29.5%
11.8%
Q3 25
30.0%
0.8%
Q2 25
30.6%
44.4%
Q1 25
29.2%
-10.4%
Q4 24
21.5%
-15.1%
Q3 24
19.9%
-24.5%
Q2 24
28.4%
-81.9%
EPS (diluted)
FULT
FULT
LITE
LITE
Q1 26
$0.55
Q4 25
$0.53
$0.89
Q3 25
$0.53
$0.05
Q2 25
$0.53
$3.10
Q1 25
$0.49
$-0.64
Q4 24
$0.36
$-0.88
Q3 24
$0.33
$-1.21
Q2 24
$0.52
$-3.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
LITE
LITE
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$846.6M
Total Assets
$32.2B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
LITE
LITE
Q1 26
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$877.1M
Q1 25
$866.7M
Q4 24
$896.7M
Q3 24
$916.1M
Q2 24
$887.0M
Stockholders' Equity
FULT
FULT
LITE
LITE
Q1 26
$3.5B
Q4 25
$3.5B
$846.6M
Q3 25
$3.4B
$780.8M
Q2 25
$3.3B
$1.1B
Q1 25
$3.3B
$879.5M
Q4 24
$3.2B
$872.3M
Q3 24
$3.2B
$895.9M
Q2 24
$3.1B
$957.3M
Total Assets
FULT
FULT
LITE
LITE
Q1 26
$32.2B
Q4 25
$32.1B
$4.8B
Q3 25
$32.0B
$4.6B
Q2 25
$32.0B
$4.2B
Q1 25
$32.1B
$4.0B
Q4 24
$32.1B
$4.0B
Q3 24
$32.2B
$4.0B
Q2 24
$31.8B
$3.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FULT
FULT
LITE
LITE
Operating Cash FlowLast quarter
$126.7M
Free Cash FlowOCF − Capex
$43.1M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
1.62×
TTM Free Cash FlowTrailing 4 quarters
$-29.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
LITE
LITE
Q1 26
Q4 25
$304.5M
$126.7M
Q3 25
$116.1M
$57.9M
Q2 25
$91.7M
$64.0M
Q1 25
$703.0K
$-1.6M
Q4 24
$416.6M
$24.3M
Q3 24
$-22.0M
$39.6M
Q2 24
$157.8M
$35.5M
Free Cash Flow
FULT
FULT
LITE
LITE
Q1 26
Q4 25
$43.1M
Q3 25
$-18.3M
Q2 25
$10.1M
Q1 25
$-64.4M
Q4 24
$-15.9M
Q3 24
$-34.5M
Q2 24
$10.9M
FCF Margin
FULT
FULT
LITE
LITE
Q1 26
Q4 25
6.5%
Q3 25
-3.4%
Q2 25
2.1%
Q1 25
-15.1%
Q4 24
-4.0%
Q3 24
-10.2%
Q2 24
3.5%
Capex Intensity
FULT
FULT
LITE
LITE
Q1 26
Q4 25
12.6%
Q3 25
14.3%
Q2 25
11.2%
Q1 25
14.8%
Q4 24
10.0%
Q3 24
22.0%
Q2 24
8.0%
Cash Conversion
FULT
FULT
LITE
LITE
Q1 26
Q4 25
3.08×
1.62×
Q3 25
1.16×
13.79×
Q2 25
0.92×
0.30×
Q1 25
0.01×
Q4 24
6.07×
Q3 24
-0.35×
Q2 24
1.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FULT
FULT

Segment breakdown not available.

LITE
LITE

Components$443.7M67%
Systems$221.8M33%

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