Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

3 Profitable Stocks in Hot Water

MOG.A Cover Image

A company with profits isn’t always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.

Not all profitable companies are created equal, and that’s why we built StockStory - to help you find the ones that truly shine bright. Keeping that in mind, here are three profitable companies to steer clear of and a few better alternatives.

Moog (MOG.A)

Trailing 12-Month GAAP Operating Margin: 9.2%

Responsible for the flight control actuation system integrated in the B-2 stealth bomber, Moog (NYSE: MOG.A) provides precision motion control solutions used in aerospace and defense applications

Why Does MOG.A Worry Us?

  1. 4.2% annual revenue growth over the last five years was slower than its industrials peers
  2. Estimated sales growth of 1.7% for the next 12 months implies demand will slow from its two-year trend
  3. 12.8 percentage point decline in its free cash flow margin over the last five years reflects the company’s increased investments to defend its market position

Moog is trading at $188.83 per share, or 21.4x forward P/E. To fully understand why you should be careful with MOG.A, check out our full research report (it’s free).

Union Pacific (UNP)

Trailing 12-Month GAAP Operating Margin: 40.1%

Part of the transcontinental railroad project, Union Pacific (NYSE: UNP) is a freight transportation company that operates a major railroad network.

Why Do We Think UNP Will Underperform?

  1. Underwhelming unit sales over the past two years indicate demand is soft and that the company may need to revise its strategy
  2. Flat earnings per share over the last two years underperformed the sector average
  3. Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 6 percentage points

Union Pacific’s stock price of $229.50 implies a valuation ratio of 19.1x forward P/E. Check out our free in-depth research report to learn more about why UNP doesn’t pass our bar.

ICU Medical (ICUI)

Trailing 12-Month GAAP Operating Margin: 5%

Founded in 1984 and named for its initial focus on intensive care units, ICU Medical (NASDAQ: ICUI) develops and manufactures medical products for infusion therapy, vascular access, and vital care applications used in hospitals and other healthcare settings.

Why Are We Out on ICUI?

  1. Muted 2.2% annual revenue growth over the last two years shows its demand lagged behind its healthcare peers
  2. Sales are projected to tank by 12.3% over the next 12 months as demand evaporates
  3. Incremental sales over the last five years were much less profitable as its earnings per share fell by 1.1% annually while its revenue grew

At $138 per share, ICU Medical trades at 19.2x forward P/E. Read our free research report to see why you should think twice about including ICUI in your portfolio.

High-Quality Stocks for All Market Conditions

Market indices reached historic highs following Donald Trump’s presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth.

While this has caused many investors to adopt a "fearful" wait-and-see approach, we’re leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years.

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free.

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