Coherent Corp. (COHR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.62	$1.74	+7.4%	—	$2B	—
Q3 26	$1.39	$1.41	+1.4%	—	$1.8B	—
Q2 26	$1.21	$1.29	+6.6%	—	$1.7B	—
Q1 26	$1.04	$1.16	+11.5%	—	$1.6B	—
Q4 25	$0.92	$1	+8.7%	—	—	—
Q3 25	$0.86	$0.91	+5.8%	—	—	—
Q2 25	$0.67	$0.95	+41.8%	—	—	—
Q1 25	$0.61	$0.74	+21.3%	—	—	—
Q4 24	$0.6	$0.61	+1.7%	—	$1.3B	—
Q3 24	$0.42	$0.53	+26.2%	—	—	—
Q2 24	$0.26	$0.36	+38.5%	—	—	—
Q1 24	$0.12	$0.16	+33.3%	—	—	—
Q4 23	$0.38	$0.41	+7.9%	—	$1.2B	—
Q3 23	$0.82	$0.58	-29.3%	—	$1.2B	—
Q2 23	$0.93	$0.95	+2.2%	—	$1.4B	—
Q1 23	$0.83	$1.04	+25.3%	—	$1.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.34	—	—	$7.1B	—
FY25	—	-$0.52	—	—	$5.8B	—
FY24	—	-$1.84	—	—	$4.7B	—
FY23	—	-$2.93	—	—	$5.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$972M	$1.2B	$1.4B	$2.4B	$3.1B	$3.3B	$5.2B	$4.7B	$5.8B	$7.1B
YoY change	+17.5%	+19.2%	+17.6%	+74.7%	+30.5%	+6.78%	+55.6%	-8.77%	+23.4%	+22.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	972M	1.2B	1.4B	2.4B	3.1B	3.3B	5.2B	4.7B	5.8B	7.1B
Cost of revenue	583.7M	696.6M	841.1M	1.6B	1.9B	2.1B	3.5B	3.3B	3.8B	4.4B
Gross profit	388.4M	462.2M	521.3M	791.2M	1.2B	1.3B	1.6B	1.5B	2B	2.7B
Gross margin	40%	39.9%	38.3%	33.2%	37.9%	38.2%	31.4%	30.9%	35.2%	37.5%
Research & development	96.8M	116.9M	139.2M	339.1M	330.1M	377.1M	499.6M	478.8M	581.9M	723M
Selling, general & administrative	176M	208.6M	233.5M	412.6M	445.2M	474.1M	1B	854M	926.5M	1B
Operating expenses	272.8M	325.4M	372.7M	751.7M	775.3M	851.2M	1.5B	1.3B	1.5B	1.8B
Operating income	115.6M	136.8M	148.7M	39.5M	402.1M	414.3M	82M	123.2M	534.9M	901.5M
Operating margin	11.9%	11.8%	10.9%	1.66%	12.9%	12.5%	1.59%	2.62%	9.21%	12.7%
Non-operating income, net	10M	3.8M	2.6M	-14M	10.4M	-11.2M	-150.7M	17.7M	-197.5M	136.5M
Pretax income	118.8M	122.2M	128.8M	-63.9M	352.6M	281.8M	-355.6M	-147.6M	94.2M	847.7M
Income tax	23.5M	34.2M	21.3M	3.1M	55M	47M	-96.1M	11.1M	64.1M	60.8M
Net income	95.3M	88M	107.5M	-67M	297.6M	234.8M	-259.5M	-158.8M	30.1M	786.9M
Net margin	9.8%	7.59%	7.89%	-2.82%	9.58%	7.08%	-5.03%	-3.37%	0.52%	11.1%
EBITDA	189.2M	221.3M	243.6M	246.4M	682.6M	689.8M	732.1M	727.6M	1.1B	1.6B
EPS	1.52	1.41	1.69	-0.79	2.5	1.57	-2.93	-1.84	-0.52	4.34
Diluted EPS	1.48	1.35	1.63	-0.79	2.37	1.45	-2.93	-1.84	-0.52	4.12

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	—	—	—	1.3B	—	—	—	—	1.6B	1.7B	1.8B	2B
Cost of revenue	—	—	—	882.4M	—	—	—	—	1B	1.1B	1.1B	1.3B
Gross profit	—	—	—	431.9M	—	—	—	—	579.2M	622.8M	679.9M	787.1M
Gross margin	—	—	—	32.9%	—	—	—	—	36.6%	36.9%	37.7%	38.5%
Research & development	—	—	—	126.7M	—	—	—	—	154.9M	165.7M	186M	216.4M
Selling, general & administrative	—	—	—	228M	—	—	—	—	252.1M	258.5M	267.6M	266.4M
Operating expenses	—	—	—	354.6M	—	—	—	—	407M	424.2M	453.6M	482.7M
Operating income	—	—	—	77.3M	—	—	—	—	172.2M	198.6M	226.3M	304.3M
Operating margin	—	—	—	5.88%	—	—	—	—	10.9%	11.8%	12.5%	14.9%
Non-operating income, net	—	—	—	379K	—	—	—	—	103.4M	15.3M	2.6M	15.2M
Pretax income	—	—	—	9.9M	—	—	—	—	216.9M	168M	184.3M	278.5M
Income tax	—	—	—	56.9M	—	—	—	—	-8.3M	24.2M	2.7M	42.3M
Net income	—	—	—	-47M	—	—	—	—	225.2M	143.8M	181.7M	236.2M
Net margin	—	—	—	-3.58%	—	—	—	—	14.2%	8.53%	10.1%	11.5%
EBITDA	—	—	—	235.4M	—	—	—	—	311.2M	354.6M	387.3M	510.5M
EPS	-0.65	-0.38	-0.29	—	-0.04	0.46	-0.11	-0.83	1.24	0.87	1.01	1.23
Diluted EPS	-0.65	-0.38	-0.29	—	-0.04	0.44	-0.11	-0.83	1.19	0.76	0.97	1.19

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	2.1B	2.7B	2.3B	—	—	5.4B	—	—	13.8B	—	55.3B
Enterprise value	2.2B	2.9B	2.6B	—	—	5.3B	—	—	16.8B	—	59.8B
Shares outstanding	62.6M	62.5M	63.6M	84.8M	104.2M	106.2M	137.6M	151.6M	154.8M	177.3M	177.3M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	22.5	30.9	21.6	—	—	23	—	—	459.5	—	67.9
P/S	2.21	2.34	1.71	—	—	1.63	—	—	2.38	—	7.68
P/B	2.38	2.65	2.05	—	—	1.23	—	—	1.63	—	5.01
EV/EBITDA	11.7	13.1	10.6	—	—	7.63	—	—	14.8	—	42
EV/Sales	2.28	2.51	1.9	—	—	1.59	—	—	2.89	—	8.4
Earnings yield	4.44%	3.24%	4.63%	—	—	4.34%	—	—	0.22%	—	1.47%
FCF yield	-0.93%	0.28%	1.78%	—	—	1.83%	—	—	1.4%	—	-1.18%
PEG	—	—	—	—	—	—	—	—	—	—	-0.27

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	40%	39.9%	38.3%	33.2%	37.9%	38.2%	31.4%	30.9%	35.2%	37.5%	38.5%
Operating margin	11.9%	11.8%	10.9%	1.66%	12.9%	12.5%	1.59%	2.62%	9.21%	12.7%	11.8%
Net margin	9.8%	7.59%	7.89%	-2.82%	9.58%	7.08%	-5.03%	-3.37%	0.52%	11.1%	11.3%
ROE	10.6%	8.59%	9.49%	-3.23%	7.2%	5.36%	-3.59%	-2%	0.35%	7%	7.98%
ROA	6.45%	5%	5.5%	-1.28%	4.57%	2.99%	-1.89%	-1.1%	0.2%	4.3%	3.39%
ROIC	9.55%	8.1%	8.89%	1%	8.35%	8.14%	0.75%	1.09%	1.49%	6.54%	6.54%
Return on tangible assets	13.4%	9.07%	10.4%	-5.41%	12%	5.87%	8.81%	11%	-6.82%	20.8%	20.8%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	3.8	3.22	3	2.66	4.15	3.4	3.01	2.72	2.19	2.43	2.43
Quick ratio	2.7	2.17	1.91	1.74	3.2	2.69	1.84	1.77	1.39	1.52	1.52
Debt / equity	0.38	0.43	0.41	1.14	0.37	0.56	0.62	0.54	0.46	0.31	0.32
Debt / assets	0.23	0.25	0.24	0.45	0.23	0.31	0.33	0.3	0.26	0.19	0.19
Net debt / EBITDA	0.37	0.87	1.08	7.64	-0.1	-0.21	5.01	4.64	2.63	0.99	0.99
Interest coverage	18.4	7.66	6.75	0.28	6.89	3.32	-0.24	0.49	1.39	5.46	5.46
Effective tax rate	19.8%	28%	16.5%	0%	15.6%	16.7%	0%	0%	68.1%	7.18%	7.18%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	15.5	18.5	21.4	28.1	29.8	31.2	37.5	31	37.5	40.2	40.2
EPS (basic)	1.52	1.41	1.69	-0.79	2.5	1.57	-2.93	-1.84	-0.52	4.34	4.34
EPS (diluted)	1.48	1.35	1.63	-0.79	2.37	1.45	-2.93	-1.84	-0.52	4.12	4.11
Book value per share	14.4	16.4	17.8	24.5	39.7	41.3	52.5	52.4	54.8	63.4	55.7
FCF per share	-0.32	0.12	0.65	1.89	4.11	0.93	1.44	1.31	1.25	-5.81	-5.1
Cash per share	4.34	3.95	3.22	5.81	15.3	24.3	5.97	6.11	5.87	11.2	10.2
Capex per share	2.21	2.46	2.16	1.61	1.41	2.96	3.17	2.29	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	14.3%	13.2%	10.1%	5.75%	4.71%	9.48%	8.45%	7.37%	—	—	—
Capex / operating cash flow	114.8%	93.7%	76.8%	49.2%	26.3%	76%	69.4%	62.7%	—	—	—
Payout ratio	—	—	0%	0%	6.83%	14.7%	-10.6%	0%	38.1%	1.45%	0%
Dividend yield	—	—	0%	—	—	0.64%	—	—	0.08%	—	—

Yield

—

trailing twelve months

Frequency

—

Last dividend

$1.00

ex-dividend Dec 17, 2012

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 17, 2012	$1.00

Split history

Date	Ratio
Jun 27, 2011	2:1
Mar 23, 2005	2:1
Sep 21, 2000	2:1
Sep 8, 1995	2:1

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	—	—	—	$1.3B	—	—	—	—	$1.6B	$1.7B	$1.8B	$2B
YoY change	—	—	—	+9.07%	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	271.9M	310.6M	306M	475.6M	456.5M	2.6B	821.3M	926M	909.2M	2B
Receivables	193.4M	355.2M	267.6M	220.3M	249.4M	700.3M	901.5M	848.5M	964.1M	1.3B
Inventory	203.7M	486.7M	442.5M	426.8M	392.2M	902.6M	1.3B	1.3B	1.4B	2.6B
Total current assets	702.3M	1.2B	1B	1.1B	1.1B	4.3B	3.3B	3.7B	3.9B	6.9B
Property, plant & equipment	223.4M	146.3M	150.1M	162.5M	165.6M	947.7M	1B	1B	995.9M	2B
Goodwill & intangibles	768.6M	1.2B	1B	246.2M	240M	3.8B	16.7B	15.9B	15.4B	14.5B
Total assets	1.5B	1.3B	1.2B	1.3B	1.3B	7.8B	13.7B	14.5B	14.9B	18.3B
Accounts payable	65.5M	70.3M	51.5M	60.2M	104.5M	434.9M	405.3M	631.5M	847M	1.9B
Short-term debt	20M	5.1M	14.9M	32.6M	33.6M	430.8M	113.1M	114.3M	229.9M	69.3M
Total current liabilities	185M	423.4M	274.9M	326.5M	446.9M	1.3B	1.1B	1.3B	1.8B	2.9B
Long-term debt	322M	420.7M	392.2M	486.6M	491.3M	2B	4.4B	4.2B	3.7B	3.5B
Total liabilities	576.7M	881.7M	706.7M	834.9M	960.3M	3.5B	6.5B	6.5B	6.4B	7.1B
Shareholders' equity	900.6M	1.2B	1.3B	846.9M	745M	4.4B	7.2B	7.9B	8.5B	11.2B
Total debt	342M	425.8M	407.1M	519.2M	524.9M	2.4B	4.5B	4.3B	3.9B	3.5B
Net debt	70.1M	115.3M	101.3M	78.9M	68.4M	-144.2M	3.7B	3.4B	3B	2.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	941.1M	856.3M	898.6M	926M	1B	917.8M	890.3M	909.2M	852.8M	863.7M	2.4B	2B
Receivables	795.7M	856.1M	955.6M	848.5M	819.7M	891.8M	1B	964.1M	1B	1.1B	1.2B	1.3B
Inventory	1.3B	1.3B	1.3B	1.3B	1.4B	1.3B	1.4B	1.4B	1.6B	1.8B	2.1B	2.6B
Total current assets	3.2B	3.4B	3.6B	3.7B	3.6B	3.5B	3.7B	3.9B	4B	4.4B	6.4B	6.9B
Property, plant & equipment	997.8M	1B	1B	1B	1.1B	1.1B	1.1B	995.9M	1B	1.2B	1.5B	2B
Goodwill & intangibles	16.3B	16.5B	16.2B	15.9B	16.2B	15.4B	15.5B	15.4B	15.2B	15.1B	14.7B	14.5B
Total assets	13.5B	14.7B	14.5B	14.5B	14.7B	14.2B	14.4B	14.9B	14.7B	15.1B	17.3B	18.3B
Accounts payable	449.1M	504.1M	593.5M	631.5M	689.7M	689.9M	777.3M	847M	953.9M	1.1B	1.3B	1.9B
Short-term debt	111.9M	112.4M	113.8M	114.3M	111.8M	68.2M	47.4M	229.9M	89.8M	149.5M	61.5M	69.3M
Total current liabilities	1.1B	1.2B	1.3B	1.3B	1.4B	1.3B	1.5B	1.8B	1.7B	2B	2.1B	2.9B
Long-term debt	4.4B	4.3B	4.2B	4.2B	4.1B	4B	3.9B	3.7B	3.4B	3.4B	3.4B	3.5B
Total liabilities	6.4B	6.5B	6.5B	6.5B	8.8B	6.2B	6.3B	6.4B	6B	6.2B	6.3B	7.1B
Shareholders' equity	7.1B	8.1B	8B	7.9B	5.9B	8B	8.2B	8.5B	8.7B	8.9B	11B	11.2B
Total debt	4.5B	4.4B	4.3B	4.3B	4.2B	4.1B	3.9B	3.9B	3.5B	3.5B	3.4B	3.5B
Net debt	3.5B	3.5B	3.4B	3.4B	3.2B	3.1B	3.1B	3B	2.7B	2.7B	1.8B	2.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	95.3M	88M	107.5M	-67M	297.6M	234.8M	-259.5M	-158.8M	30.1M	786.9M
Depreciation & amortization	63.6M	80.8M	92.4M	220.9M	270.1M	286.8M	681.7M	559.8M	553.6M	521.9M
Stock-based compensation	11.8M	15.3M	21.9M	68.5M	71M	73.2M	148.9M	126M	160.2M	186.5M
Change in working capital	-48.8M	-31.3M	-45.4M	76.1M	-103.2M	-191.7M	124.6M	104.3M	-208.1M	-1.1B
Operating cash flow	120.6M	163.8M	178.5M	278.1M	555.8M	413.7M	628.2M	553.5M	633.6M	79.5M
Capital expenditure	-138.5M	-153.4M	-137.1M	-136.9M	-146.3M	-314.3M	-436.1M	-346.8M	—	—
Investing cash flow	-177.2M	-283.9M	-224M	-1.2B	-173M	-320.1M	-5.9B	-350.7M	26.6M	-303.6M
Dividends paid	—	—	0	0	-20.3M	-34.5M	-27.6M	0	-11.4M	-11.4M
Share repurchases	0	-49.9M	-1.6M	-1.6M	0	0	—	—	—	—
Financing cash flow	96.5M	86.5M	-3.8M	1.1B	506.3M	783M	3.5B	716M	-501.3M	1.4B
Net change in cash	39.9M	-33.6M	-49.3M	212.5M	889.1M	876.7M	-1.8B	918.8M	158.9M	1.2B
Free cash flow	-19.9M	7.6M	41.4M	160.4M	428M	99M	198M	198.9M	192.8M	-1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	-67.5M	-28.5M	-15.7M	-47M	24.9M	101.5M	1.8M	-98.1M	225.2M	143.8M	181.7M	236.2M
Depreciation & amortization	138.4M	138M	139.7M	143.6M	137.7M	134.5M	146.6M	134.8M	122.4M	126M	132.9M	140.6M
Stock-based compensation	46M	26.5M	25.3M	28.3M	35M	40.7M	41M	43.6M	44.1M	42.8M	49.1M	50.4M
Change in working capital	132.1M	-32.4M	7.3M	-2.6M	-46.8M	-46.3M	-44M	-71M	-158.6M	-259.4M	-392.3M	-291.9M
Operating cash flow	213.1M	54.1M	119.2M	167M	131.9M	218.4M	146.7M	130.3M	46M	57.9M	-93.8M	69.5M
Capital expenditure	-62.2M	-91.5M	-93.2M	-99.9M	-92M	-105.7M	-111.8M	—	—	—	—	—
Investing cash flow	-64.2M	-91.5M	-93.4M	-101.7M	-65.7M	-106.1M	-111.7M	659K	400.7M	-16.5M	65.3M	40.3M
Dividends paid	—	—	0	0	—	—	—	—	-11.4M	0	0	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-32.8M	875.4M	-58.8M	-67.8M	-150.1M	-145.6M	-138.2M	-55.9M	-442.8M	34.2M	-167.4M	-870K
Net change in cash	116.1M	838.1M	-33M	-2.5M	-83.9M	-33.3M	-103.3M	75M	3.9M	75.7M	-195.9M	108.9M
Free cash flow	136.6M	-24.3M	24.2M	62.4M	61M	81.7M	51.1M	-1.1M	-58M	-95.7M	-383.5M	-493.4M

Coherent Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement