Coherent Corp Financials
This page shows Coherent Corp (COHR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Coherent Corp's revenue surged 23.4% year-over-year to $5.8B, reflecting rapid business expansion. This strong growth earns a score of 95/100.
Coherent Corp carries a low D/E ratio of 0.62, meaning only $0.62 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.19, Coherent Corp holds $2.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.
Coherent Corp's free cash flow margin of 3.3% results in a low score of 17/100. Capital expenditures of $440.8M absorb a large share of operating cash flow.
Coherent Corp generates a 0.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100.
Coherent Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Coherent Corp generates $12.84 in operating cash flow ($633.6M OCF vs $49.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Coherent Corp generated $5.8B in revenue in fiscal year 2025. This represents an increase of 23.4% from the prior year.
Coherent Corp generated $192.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.1% from the prior year.
Coherent Corp reported $49.4M in net income in fiscal year 2025. This represents an increase of 131.6% from the prior year.
Coherent Corp earned $-0.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 71.7% from the prior year.
Coherent Corp held $909.2M in cash against $3.5B in long-term debt as of fiscal year 2025.
Coherent Corp had 156M shares outstanding in fiscal year 2025. This represents an increase of 1.6% from the prior year.
Coherent Corp's gross margin was 35.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.2 percentage points from the prior year.
Coherent Corp's net profit margin was 0.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.2 percentage points from the prior year.
Coherent Corp's ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Coherent Corp invested $581.9M in research and development in fiscal year 2025. This represents an increase of 21.5% from the prior year.
Coherent Corp invested $440.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.1% from the prior year.
COHR Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B+6.6% | $1.6B+5.6% | $1.5B+4.4% | $1.4B+6.4% | $1.3B+11.5% | $1.2B+6.8% | $1.1B+7.4% | $1.1B |
| Cost of Revenue | $1.1B+6.0% | $1.0B+3.3% | $970.2M+4.8% | $925.3M+4.2% | $888.0M+5.4% | $842.3M+7.9% | $780.8M+4.6% | $746.2M |
| Gross Profit | $622.8M+7.5% | $579.2M+9.8% | $527.7M+3.6% | $509.4M+10.7% | $460.1M+25.6% | $366.5M+4.5% | $350.6M+14.3% | $306.9M |
| R&D Expenses | $165.7M+7.0% | $154.9M+2.8% | $150.7M+4.8% | $143.9M+9.3% | $131.6M+3.2% | $127.5M+14.7% | $111.2M-2.0% | $113.5M |
| SG&A Expenses | $258.5M+2.5% | $252.1M+8.9% | $231.4M+4.9% | $220.6M-3.6% | $229.0M+11.6% | $205.2M-1.9% | $209.2M-1.2% | $211.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | $22.3M-30.0% | $31.9M+249.6% | -$21.3M |
| Interest Expense | $45.9M-21.8% | $58.7M+2.5% | $57.3M-10.9% | $64.3M-3.6% | $66.6M-8.4% | $72.8M-2.6% | $74.7M+1.9% | $73.3M |
| Income Tax | $24.2M+390.9% | -$8.3M-202.3% | $8.1M-69.8% | $26.9M+583.3% | -$5.6M+65.5% | -$16.1M-80.5% | -$8.9M+57.0% | -$20.8M |
| Net Income | $146.7M-35.2% | $226.3M+1340.7% | $15.7M-84.8% | $103.4M+299.4% | $25.9M+296.3% | -$13.2M+51.1% | -$27.0M+60.0% | -$67.5M |
| EPS (Diluted) | $0.76-36.1% | $1.19+1181.8% | $-0.11-125.0% | $0.44+1200.0% | $-0.04+86.2% | $-0.29+23.7% | $-0.38+41.5% | $-0.65 |
COHR Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.1B+2.6% | $14.7B+1.8% | $14.4B+1.7% | $14.2B-3.4% | $14.7B+1.2% | $14.5B-1.0% | $14.7B+8.4% | $13.5B |
| Current Assets | $4.4B+8.7% | $4.0B+9.2% | $3.7B+5.8% | $3.5B-3.7% | $3.6B+2.3% | $3.6B+3.8% | $3.4B+5.5% | $3.2B |
| Cash & Equivalents | $863.7M+1.3% | $852.8M-4.2% | $890.3M-3.0% | $917.8M-10.0% | $1.0B+13.5% | $898.6M+4.9% | $856.3M-8.4% | $935.2M |
| Inventory | $1.8B+13.2% | $1.6B+17.3% | $1.4B+3.5% | $1.3B-3.0% | $1.4B+7.3% | $1.3B0.0% | $1.3B+0.8% | $1.3B |
| Accounts Receivable | $1.1B+2.7% | $1.0B+1.7% | $1.0B+13.3% | $891.8M+8.8% | $819.7M-14.2% | $955.6M+11.6% | $856.1M+7.6% | $795.7M |
| Goodwill | $4.5B-0.3% | $4.5B+0.4% | $4.5B+1.5% | $4.4B-4.5% | $4.6B+2.3% | $4.5B-1.6% | $4.6B+2.4% | $4.5B |
| Total Liabilities | $6.2B+3.1% | $6.0B-4.2% | $6.3B+0.7% | $6.2B-3.1% | $6.4B-0.8% | $6.5B-0.5% | $6.5B+1.5% | $6.4B |
| Current Liabilities | $2.0B+12.4% | $1.7B+16.0% | $1.5B+14.3% | $1.3B-3.6% | $1.4B+3.6% | $1.3B+10.3% | $1.2B+9.7% | $1.1B |
| Long-Term Debt | $3.2B-0.4% | $3.3B-12.5% | $3.7B-2.8% | $3.8B-2.2% | $3.9B-4.0% | $4.1B-1.3% | $4.1B-2.0% | $4.2B |
| Total Equity | $8.5B+46.5% | $5.8B+8.9% | $5.4B+3.6% | $5.2B-6.1% | $5.5B+3.1% | $5.3B-2.5% | $5.5B+13.2% | $4.8B |
| Retained Earnings | $922.3M+18.7% | $777.2M+9.0% | $713.1M-2.3% | $730.1M+10.8% | $659.0M-11.5% | $744.8M-5.6% | $789.1M-6.8% | $846.7M |
COHR Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $57.9M+26.0% | $46.0M-71.8% | $163.0M-13.0% | $187.4M+22.5% | $153.0M+30.3% | $117.4M+74.8% | $67.2M-66.2% | $198.8M |
| Capital Expenditures | $153.6M+47.8% | $103.9M-7.0% | $111.8M+5.8% | $105.7M+14.9% | $92.0M-1.3% | $93.2M+1.9% | $91.5M+47.1% | $62.2M |
| Free Cash Flow | -$95.7M-65.0% | -$58.0M-213.4% | $51.1M-37.4% | $81.7M+33.9% | $61.0M+152.1% | $24.2M+199.5% | -$24.3M-117.8% | $136.6M |
| Investing Cash Flow | -$138.5M-146.7% | $296.8M+365.6% | -$111.7M-5.3% | -$106.1M-61.3% | -$65.7M+29.6% | -$93.4M-2.1% | -$91.5M-42.5% | -$64.2M |
| Financing Cash Flow | $43.1M+110.2% | -$421.5M-251.2% | -$120.0M+14.8% | -$140.8M-12.1% | -$125.7M-223.5% | -$38.8M-104.4% | $876.6M+5002.8% | -$17.9M |
| Dividends Paid | $1.6M-95.2% | $33.5M+2.4% | $32.7M+1.3% | $32.3M+1.3% | $31.8M+2.2% | $31.2M+1.9% | $30.6M+1.3% | $30.2M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
COHR Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.0%+0.3pp | 36.6%+1.4pp | 35.2%-0.3pp | 35.5%+1.4pp | 34.1%+3.8pp | 30.3%-0.7pp | 31.0%+1.9pp | 29.1% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | 1.8%-1.0pp | 2.8%+4.8pp | -2.0% |
| Net Margin | 8.7%-5.6pp | 14.3%+13.3pp | 1.1%-6.2pp | 7.2%+5.3pp | 1.9%+3.0pp | -1.1%+1.3pp | -2.4%+4.0pp | -6.4% |
| Return on Equity | 1.7%-2.2pp | 3.9%+3.6pp | 0.3%-1.7pp | 2.0%+1.5pp | 0.5% | N/A | N/A | N/A |
| Return on Assets | 1.0%-0.6pp | 1.5%+1.4pp | 0.1%-0.6pp | 0.7%+0.5pp | 0.2%+0.3pp | -0.1%+0.1pp | -0.2%+0.3pp | -0.5% |
| Current Ratio | 2.25-0.1 | 2.33-0.1 | 2.47-0.2 | 2.670.0 | 2.67-0.0 | 2.71-0.2 | 2.88-0.1 | 2.99 |
| Debt-to-Equity | 0.38-0.2 | 0.56-0.1 | 0.70-0.0 | 0.74+0.0 | 0.71-0.1 | 0.770.0 | 0.76-0.1 | 0.87 |
| FCF Margin | -5.7%-2.0pp | -3.7%-7.1pp | 3.4%-2.3pp | 5.7%+1.2pp | 4.5%+2.5pp | 2.0%+4.1pp | -2.1%-15.1pp | 13.0% |
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Frequently Asked Questions
What is Coherent Corp's annual revenue?
Coherent Corp (COHR) reported $5.8B in total revenue for fiscal year 2025. This represents a 23.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Coherent Corp's revenue growing?
Coherent Corp (COHR) revenue grew by 23.4% year-over-year, from $4.7B to $5.8B in fiscal year 2025.
Is Coherent Corp profitable?
Yes, Coherent Corp (COHR) reported a net income of $49.4M in fiscal year 2025, with a net profit margin of 0.9%.
What is Coherent Corp's earnings per share (EPS)?
Coherent Corp (COHR) reported diluted earnings per share of $-0.52 for fiscal year 2025. This represents a 71.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Coherent Corp have?
As of fiscal year 2025, Coherent Corp (COHR) had $909.2M in cash and equivalents against $3.5B in long-term debt.
What is Coherent Corp's gross margin?
Coherent Corp (COHR) had a gross margin of 35.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Coherent Corp's net profit margin?
Coherent Corp (COHR) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Coherent Corp's return on equity (ROE)?
Coherent Corp (COHR) has a return on equity of 0.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Coherent Corp's free cash flow?
Coherent Corp (COHR) generated $192.8M in free cash flow during fiscal year 2025. This represents a -3.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Coherent Corp's operating cash flow?
Coherent Corp (COHR) generated $633.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Coherent Corp's total assets?
Coherent Corp (COHR) had $14.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Coherent Corp's capital expenditures?
Coherent Corp (COHR) invested $440.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Coherent Corp spend on research and development?
Coherent Corp (COHR) invested $581.9M in research and development during fiscal year 2025.
How many shares does Coherent Corp have outstanding?
Coherent Corp (COHR) had 156M shares outstanding as of fiscal year 2025.
What is Coherent Corp's current ratio?
Coherent Corp (COHR) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.
What is Coherent Corp's debt-to-equity ratio?
Coherent Corp (COHR) had a debt-to-equity ratio of 0.62 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Coherent Corp's return on assets (ROA)?
Coherent Corp (COHR) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Coherent Corp's Piotroski F-Score?
Coherent Corp (COHR) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Coherent Corp's earnings high quality?
Coherent Corp (COHR) has an earnings quality ratio of 12.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Coherent Corp?
Coherent Corp (COHR) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.