Which has grown faster, LPTH or RCAT?

Over the past five years, RCAT grew revenue faster — LPTH at a 9.85% CAGR versus RCAT at 69.38%.

Which has been the better investment, LPTH or RCAT?

Over the past 10-year, LPTH delivered the higher annualized total return — LPTH at 22.21% versus RCAT at -32.57%. Past performance doesn't predict future results.

LightPath Technologies, Inc. (LPTH) vs Red Cat Holdings, Inc. (RCAT)

LPTH leads on 8 of 11 compared metrics.

A side-by-side comparison of LightPath Technologies, Inc. and Red Cat Holdings, 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

RCAT

Red Cat Holdings, Inc.

$1.01B

$9.34Technology

Total return — LPTH vs RCAT

growth of $100 · last 24y

LPTH -49.3%RCAT -100.0%LPTH compounded faster

Log scale — wide-divergence pair

LPTH RCAT

LPTH vs RCAT: by the numbers

•RCAT is the larger company ($1.01B vs $607M market cap).
•Both run net losses; LPTH's is the smaller (-37.38% vs -161.09% net margin).
•RCAT grew revenue faster over the past five years (69.38% vs 9.85% CAGR).

Which is better, LPTH or RCAT?

Metric tally: LPTH 8 · RCAT 3

It depends on what you're optimizing for:

GrowthRCAT(faster 5Y revenue CAGR)

QualityLPTH(higher ROIC)

Metrics side by side

Valuation

Metric	LPTH	RCAT
Forward P/E	—	84.91
P/S ratio	12.72●	21.30
P/B ratio	7.07	4.73●

Profitability

Metric	LPTH	RCAT
Gross margin	32.10%●	5.41%
Operating margin	-14.40%●	-153.36%
Net margin	-37.38%●	-161.09%
ROE	-20.78%●	-35.75%
ROIC	-17.90%●	-25.16%

Growth (annualized)

Metric	LPTH	RCAT
Revenue CAGR (5Y)	9.85%	69.38%●
EPS CAGR (5Y)	7.65%●	-68.91%
FCF CAGR (5Y)	-39.42%	314.98%●
Total return CAGR (5Y)	37.14%●	29.44%

Frequently asked

Which is better, LPTH or RCAT?: It depends on your goal. growth: RCAT (faster 5Y revenue CAGR); quality: LPTH (higher ROIC). Across all compared metrics, LPTH leads 8 to 3.
Which has grown faster, LPTH or RCAT?: Over the past five years, RCAT grew revenue faster — LPTH at a 9.85% CAGR versus RCAT at 69.38%.
Which has been the better investment, LPTH or RCAT?: Over the past 10-year, LPTH delivered the higher annualized total return — LPTH at 22.21% versus RCAT at -32.57%. Past performance doesn't predict future results.

Go deeper

Full LPTH analysis Full RCAT analysis Interactive comparison tool

Dig into the metrics

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

LightPath Technologies & Red Cat 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.