Which has grown faster, LPTH or LWLG?

Over the past five years, LWLG grew revenue faster — LPTH at a 9.85% CAGR versus LWLG at 43.26%.

Which has been the better investment, LPTH or LWLG?

Over the past 10-year, LWLG delivered the higher annualized total return — LPTH at 22.21% versus LWLG at 31.26%. Past performance doesn't predict future results.

LightPath Technologies, Inc. (LPTH) vs Lightwave Logic, Inc. (LWLG)

LPTH leads on 8 of 9 compared metrics.

A side-by-side comparison of LightPath Technologies, Inc. and Lightwave Logic, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

LPTH

LightPath Technologies, Inc.

$607M

$13.62Technology

LWLG

Lightwave Logic, Inc.

$1.43B

$9.26Technology

Total return — LPTH vs LWLG

growth of $100 · last 20y

LPTH +184.9%LWLG +447.9%LWLG compounded faster

LPTH LWLG

LPTH vs LWLG: by the numbers

•LWLG is the larger company ($1.43B vs $607M market cap).
•Both run net losses; LPTH's is the smaller (-37.38% vs -9015.57% net margin).
•LWLG grew revenue faster over the past five years (43.26% vs 9.85% CAGR).

Which is better, LPTH or LWLG?

Metric tally: LPTH 8 · LWLG 1

It depends on what you're optimizing for:

GrowthLWLG(faster 5Y revenue CAGR)

QualityLPTH(higher ROIC)

Metrics side by side

Valuation

Metric	LPTH	LWLG
P/S ratio	12.72●	5640.68
P/B ratio	7.07●	16.86

Profitability

Metric	LPTH	LWLG
Gross margin	32.10%●	-566.69%
Operating margin	-14.40%●	-9288.73%
Net margin	-37.38%●	-9015.57%
ROE	-20.78%●	-26.95%
ROIC	-17.90%●	-26.04%

Growth (annualized)

Metric	LPTH	LWLG
Revenue CAGR (5Y)	9.85%	43.26%●
EPS CAGR (5Y)	7.65%	—
FCF CAGR (5Y)	-39.42%	—
Total return CAGR (5Y)	37.14%●	3.02%

Frequently asked

Which is better, LPTH or LWLG?: It depends on your goal. growth: LWLG (faster 5Y revenue CAGR); quality: LPTH (higher ROIC). Across all compared metrics, LPTH leads 8 to 1.
Which has grown faster, LPTH or LWLG?: Over the past five years, LWLG grew revenue faster — LPTH at a 9.85% CAGR versus LWLG at 43.26%.
Which has been the better investment, LPTH or LWLG?: Over the past 10-year, LWLG delivered the higher annualized total return — LPTH at 22.21% versus LWLG at 31.26%. Past performance doesn't predict future results.

Go deeper

Full LPTH analysis Full LWLG analysis Interactive comparison tool

Dig into the metrics

LightPath Technologies P/E ratio Lightwave Logic P/E ratio LightPath Technologies dividend yield Lightwave Logic dividend yield LightPath Technologies ROE Lightwave Logic ROE LightPath Technologies operating margin Lightwave Logic operating margin LightPath Technologies revenue growth Lightwave Logic revenue growth LightPath Technologies free cash flow Lightwave Logic free cash flow

LightPath Technologies & Lightwave Logic appear in these rankings

Fastest Revenue Growth Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.