LASR vs. OR

Last updated Apr 1, 2026

Compare and contrast key facts about nLIGHT, Inc. (LASR) and Osisko Gold Royalties Ltd (OR).

Performance

LASR vs. OR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in nLIGHT, Inc. (LASR) and Osisko Gold Royalties Ltd (OR). The values are adjusted to include any dividend payments, if applicable.

LASR vs. OR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LASR nLIGHT, Inc.	52.01%	257.58%	-22.30%	33.14%	-57.66%	-26.65%	61.00%	14.06%	-34.03%
OR Osisko Gold Royalties Ltd	7.60%	96.95%	28.14%	19.96%	0.02%	-2.01%	32.58%	12.20%	-8.27%

Fundamentals

Market Cap LASR : $2.90B OR : $7.20B
EPS LASR : -$0.47 OR : $1.22
PS Ratio LASR : 10.92 OR : 23.00
PB Ratio LASR : 12.81 OR : 3.67
Total Revenue (TTM) LASR : $261.33M OR : $312.94M
Gross Profit (TTM) LASR : $77.96M OR : $262.59M
EBITDA (TTM) LASR : -$28.35M OR : $307.64M

Returns By Period

In the year-to-date period, LASR achieves a 52.01% return, which is significantly higher than OR's 7.60% return.

LASR

• 1D: 5.59%
• 1M: 1.48%
• YTD: 52.01%
• 6M: 92.44%
• 1Y: 633.85%
• 3Y*: 77.59%
• 5Y*: 11.42%
• 10Y*: —

OR

• 1D: 8.03%
• 1M: -19.65%
• YTD: 7.60%
• 6M: -4.85%
• 1Y: 81.23%
• 3Y*: 35.34%
• 5Y*: 28.62%
• 10Y*: 15.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LASR vs. OR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LASR

LASR Risk / Return Rank: 99
LASR Sharpe Ratio Rank: 100
LASR Sortino Ratio Rank: 99
LASR Omega Ratio Rank: 98
LASR Calmar Ratio Rank: 100
LASR Martin Ratio Rank: 100

OR

OR Risk / Return Rank: 85
OR Sharpe Ratio Rank: 89
OR Sortino Ratio Rank: 81
OR Omega Ratio Rank: 84
OR Calmar Ratio Rank: 84
OR Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LASR vs. OR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for nLIGHT, Inc. (LASR) and Osisko Gold Royalties Ltd (OR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LASR	OR	Difference
Sharpe ratio Return per unit of total volatility	7.60	1.86	+5.74
Sortino ratio Return per unit of downside risk	5.18	2.16	+3.02
Omega ratio Gain probability vs. loss probability	1.69	1.32	+0.37
Calmar ratio Return relative to maximum drawdown	24.95	2.68	+22.27
Martin ratio Return relative to average drawdown	97.67	7.89	+89.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LASR vs. OR - Sharpe Ratio Comparison

The current LASR Sharpe Ratio is 7.60, which is higher than the OR Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of LASR and OR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LASR	OR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.60	1.86	+5.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.82	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.40	-0.25

Correlation

The correlation between LASR and OR is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LASR vs. OR - Dividend Comparison

LASR has not paid dividends to shareholders, while OR's dividend yield for the trailing twelve months is around 0.58%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LASR nLIGHT, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OR Osisko Gold Royalties Ltd	0.58%	0.59%	1.02%	1.34%	1.38%	1.37%	1.18%	1.56%	1.72%	1.56%	1.65%

Drawdowns

LASR vs. OR - Drawdown Comparison

The maximum LASR drawdown since its inception was -85.66%, which is greater than OR's maximum drawdown of -61.90%. Use the drawdown chart below to compare losses from any high point for LASR and OR.

Drawdown Indicators

	LASR	OR	Difference
Max Drawdown Largest peak-to-trough decline	-85.66%	-61.90%	-23.76%
Max Drawdown (1Y) Largest decline over 1 year	-24.74%	-31.13%	+6.39%
Max Drawdown (5Y) Largest decline over 5 years	-82.47%	-37.18%	-45.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.90%	—
Current Drawdown Current decline from peak	-20.53%	-20.22%	-0.31%
Average Drawdown Average peak-to-trough decline	-53.77%	-18.01%	-35.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	10.56%	-4.24%

Volatility

LASR vs. OR - Volatility Comparison

nLIGHT, Inc. (LASR) has a higher volatility of 31.42% compared to Osisko Gold Royalties Ltd (OR) at 17.40%. This indicates that LASR's price experiences larger fluctuations and is considered to be riskier than OR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LASR	OR	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.42%	17.40%	+14.02%
Volatility (6M) Calculated over the trailing 6-month period	57.76%	37.17%	+20.59%
Volatility (1Y) Calculated over the trailing 1-year period	84.25%	43.85%	+40.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.83%	35.00%	+28.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.87%	38.54%	+27.33%

Financials

LASR vs. OR - Profitability Comparison

The chart below illustrates the profitability comparison between nLIGHT, Inc. and Osisko Gold Royalties Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LASR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, nLIGHT, Inc. reported a gross profit of 24.95M and revenue of 81.19M. Therefore, the gross margin over that period was 30.7%.

OR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported a gross profit of 107.75M and revenue of 126.04M. Therefore, the gross margin over that period was 85.5%.

LASR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, nLIGHT, Inc. reported an operating income of -5.41M and revenue of 81.19M, resulting in an operating margin of -6.7%.

OR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported an operating income of 97.71M and revenue of 126.04M, resulting in an operating margin of 77.5%.

LASR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, nLIGHT, Inc. reported a net income of -4.91M and revenue of 81.19M, resulting in a net margin of -6.1%.

OR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported a net income of 90.90M and revenue of 126.04M, resulting in a net margin of 72.1%.