What is Coherent Corp.'s earnings per share (EPS)?

Coherent Corp. (COHR) reported diluted earnings per share of $4.12 for fiscal year 2026. This represents a 892.3% 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.

Coherent Corp. (COHR) Financials

COHR

FY2026 annual

Revenue $7.1B +22.5% YoY

Net Income $805.0M +1530.7% YoY

EPS (Diluted) $4.12 +892.3% YoY

Free Cash Flow -$1.0B -630.9% YoY

Market Cap $56.7B as of Oct 12, 2026

Price / Sales 8.0x on $7.1B revenue, FY2026

Price / Earnings 70.5x on $805.0M net income, FY2026

Price / Book 5.2x on $10.9B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the COHR SEC filings page.

Coherent Corp. (COHR) reported $7.1B in revenue for fiscal year 2026, up 22.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI COHR FY2026 2026-10-03

Latest growth is accompanied by a cash-conversion squeeze: accounting earnings rose while reinvestment and inventory absorbed cash.

In FY2026, net income reached $805M while operating cash flow was only $79M, showing that reported earnings were not translating into cash. Inventory nearly doubled from $1.4B in FY2025 to $2.6B in FY2026, consistent with cash being committed before sales were collected.

Gross margin expanded to 37.5% in FY2026 from 35.2% in FY2025, indicating improved economics on the larger sales base rather than growth alone. The margin improvement accompanied 22.5% revenue growth, so more of the additional sales remained after production costs.

Debt-to-equity fell from 0.6x in FY2025 to 0.3x in FY2026, reflecting a much larger equity base relative to debt. Yet capital expenditures reached $1.1B against operating cash flow of $79M, meaning the year’s expansion was not funded by internally generated cash.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Coherent Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Coherent Corp.'s revenue surged 22.5% year-over-year to $7.1B, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Coherent Corp. carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.43, Coherent Corp. holds $2.43 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Cash Flow

While Coherent Corp. generated $79.5M in operating cash flow, capex of $1.1B consumed most of it, leaving -$1.0B in free cash flow. This results in a low score of 15/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Coherent Corp.'s ROE of 7.4% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 0.9% the prior year.

Piotroski F-Score Neutral

6/9

Coherent Corp. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.10x

For every $1 of reported earnings, Coherent Corp. generates $0.10 in operating cash flow ($79.5M OCF vs $805.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.0B

YoY+33.7%

QoQ+13.3%

5Y CAGR+20.4%

10Y CAGR+23.8%

Coherent Corp. generated $2.0B in revenue in Q4 2026. This represents an increase of 33.7% from the same quarter a year earlier. Against the prior quarter it is up 13.3%.

Net Income

$240.5M

YoY+351.6%

QoQ+25.7%

5Y CAGR+23.9%

10Y CAGR+32.6%

Coherent Corp. reported $240.5M in net income in Q4 2026. This represents an increase of 351.6% from the same quarter a year earlier. Against the prior quarter it is up 25.7%.

EPS (Diluted)

$1.20

QoQ+23.7%

5Y CAGR+15.3%

10Y CAGR+18.0%

Coherent Corp. earned $1.20 per diluted share (EPS) in Q4 2026. Against the prior quarter it is up 23.7%.

EBITDA

Not reported for Q4 2026.

Cash & Balance Sheet

Free Cash Flow

-$486.2M

YoY-45512.1%

QoQ-26.8%

Coherent Corp. recorded an outflow of $486.2M in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents a decrease of 45512.1% from the same quarter a year earlier. Against the prior quarter it is down 26.8%.

Cash & Debt

$1.2B

YoY+27.8%

QoQ-27.0%

5Y CAGR-6.1%

10Y CAGR+18.2%

Coherent Corp. held $1.2B in cash against $3.2B in long-term debt as of Q4 2026.

Shares Outstanding

196M

QoQ+0.1%

5Y CAGR+13.1%

10Y CAGR+12.1%

Coherent Corp. had 196M shares outstanding in Q4 2026. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Gross Margin

38.5%

YoY+2.8pp

QoQ+0.8pp

5Y change+0.4pp

10Y change+0.1pp

Coherent Corp.'s gross margin was 38.5% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Net Margin

11.8%

YoY+18.0pp

QoQ+1.2pp

5Y change+1.6pp

10Y change+5.8pp

Coherent Corp.'s net profit margin was 11.8% in Q4 2026, showing the share of revenue converted to profit. This is up 18.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Return on Equity

2.2%

YoY+3.9pp

QoQ+0.4pp

5Y change-0.2pp

10Y change+0.4pp

Coherent Corp.'s ROE was 2.2% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Operating Margin

Not reported for Q4 2026.

Capital Allocation

R&D Spending

$216.4M

YoY+38.9%

QoQ+16.3%

5Y CAGR+20.9%

10Y CAGR+26.8%

Coherent Corp. invested $216.4M in research and development in Q4 2026. This represents an increase of 38.9% from the same quarter a year earlier. Against the prior quarter it is up 16.3%.

Capital Expenditures

$555.7M

YoY+323.1%

QoQ+91.8%

5Y CAGR+68.4%

10Y CAGR+36.1%

Coherent Corp. invested $555.7M in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 323.1% from the same quarter a year earlier. Against the prior quarter it is up 91.8%.

Share Buybacks

Not reported for Q4 2026.

COHR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

COHR quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY238-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$7.1B+22.5%	$5.8B+23.4%	$4.7B-8.8%	$5.2B+55.6%	$3.3B+6.8%	$3.1B+30.5%	$2.4B+74.7%	$1.4B+17.6%	$1.2B+19.2%	$972.0M+17.5%	$827.2M+11.5%	$742.0M+8.6%	$683.3M+24.0%	$551.1M+6.7%	$516.4M
Cost of Revenue	$4.4B+18.1%	$3.8B+15.8%	$3.3B-8.2%	$3.5B+72.7%	$2.1B+6.4%	$1.9B+21.4%	$1.6B+88.9%	$841.1M+20.8%	$696.6M+19.3%	$583.7M+13.3%	$515.0M+9.5%	$470.4M+3.0%	$456.5M+31.4%	$347.6M+10.3%	$315.1M
Gross Profit	$2.7B+30.6%	$2.0B+40.3%	$1.5B-10.0%	$1.6B+27.9%	$1.3B+7.5%	$1.2B+48.8%	$791.2M+51.8%	$521.3M+12.8%	$462.2M+19.0%	$388.4M+24.4%	$312.3M+15.0%	$271.6M+19.8%	$226.7M+11.4%	$203.5M+1.1%	$201.3M
R&D Expenses	$723.0M+24.2%	$581.9M+21.5%	$478.8M-4.2%	$499.6M+32.5%	$377.1M+14.2%	$330.1M-2.6%	$339.1M+143.7%	$139.2M+19.1%	$116.9M+20.7%	$96.8M+59.8%	$60.6M+18.2%	$51.3M+20.5%	$42.5M+87.4%	$22.7M+6.0%	$21.4M
SG&A Expenses	$1.0B+12.7%	$926.5M+8.5%	$854.0M-17.6%	$1.0B+118.7%	$474.1M+6.5%	$445.2M+7.9%	$412.6M+76.7%	$233.5M+12.0%	$208.6M+18.5%	$176.0M+9.5%	$160.8M+12.0%	$143.5M+4.2%	$137.7M+25.9%	$109.3M+11.1%	$98.4M
Operating Income	N/A	N/A	$96.1M+358.9%	-$37.1M-109.0%	$414.3M+3.0%	$402.1M+918.6%	$39.5M-73.4%	$148.7M+8.7%	$136.8M+18.4%	$115.6M+27.1%	$90.9M+18.4%	$76.8M+65.2%	$46.5M-35.0%	$71.5M-12.3%	$81.5M
EBITDA	N/A	N/A	$655.9M+1.8%	$644.6M-8.1%	$701.1M+4.3%	$672.2M+158.2%	$260.4M+8.0%	$241.0M+10.8%	$217.5M+21.4%	$179.2M+21.4%	$147.6M+13.6%	$129.9M+30.4%	$99.6M-11.3%	$112.3M-3.2%	$116.0M
Interest Expense	$190.3M-21.8%	$243.3M-15.7%	$288.5M+0.6%	$286.9M+136.6%	$121.3M+102.4%	$59.9M-33.0%	$89.4M+298.8%	$22.4M+22.2%	$18.4M+169.5%	$6.8M+121.0%	$3.1M-20.2%	$3.9M-13.8%	$4.5M+286.1%	$1.2M+447.2%	$212K
Income Tax	$60.8M-5.1%	$64.1M+476.8%	$11.1M+111.6%	-$96.1M-304.3%	$47.0M-14.5%	$55.0M+1674.8%	$3.1M-85.4%	$21.3M-37.7%	$34.2M+45.4%	$23.5M-3.9%	$24.5M+86.3%	$13.1M+79.3%	$7.3M-61.0%	$18.8M+5.7%	$17.8M
Net Income	$805.0M+1530.7%	$49.4M+131.6%	-$156.2M+39.8%	-$259.5M-210.5%	$234.8M-21.1%	$297.6M+543.9%	-$67.0M-162.3%	$107.5M+22.2%	$88.0M-7.6%	$95.3M+45.5%	$65.5M-0.7%	$66.0M+71.6%	$38.4M-24.3%	$50.8M-15.7%	$60.3M
EPS (Basic)	$4.34+934.6%	-$0.52+71.7%	-$1.84+37.2%	-$2.93-286.6%	$1.57-37.2%	$2.50+416.5%	-$0.79-146.7%	$1.69+19.9%	$1.41-7.2%	$1.52+42.1%	$1.07-0.9%	$1.08+74.2%	$0.62-23.5%	$0.81-15.6%	$0.96
EPS (Diluted)	$4.12+892.3%	-$0.52+71.7%	-$1.84+37.2%	-$2.93	$1.45-38.8%	$2.37+400.0%	-$0.79-148.5%	$1.63+20.7%	$1.35-8.8%	$1.48+42.3%	$1.04-1.0%	$1.05+75.0%	$0.60-25.0%	$0.80-14.9%	$0.94
Diluted Shares (Avg)	195M+26.3%	155M+2.1%	152M+10.2%	138M	117M+1.3%	115M+35.6%	85M+28.9%	66M+1.0%	65M+1.0%	65M+2.5%	63M+0.5%	63M-1.7%	64M-0.3%	64M-0.8%	64M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$2.0B+33.7%	$1.8B+20.5%	$1.7B+17.5%	$1.6B+17.3%	$1.5B+16.4%	$1.5B+23.9%	$1.4B+26.8%	$1.3B+28.0%
Cost of Revenue	$1.3B+28.0%	$1.1B+16.0%	$1.1B+14.9%	$1.0B+12.9%	$983.3M+11.4%	$970.2M+15.2%	$925.3M+18.5%	$888.0M+19.0%
Gross Profit	$787.1M+44.1%	$679.9M+28.9%	$622.8M+22.3%	$579.2M+25.9%	$546.1M+26.4%	$527.7M+44.0%	$509.4M+45.3%	$460.1M+49.9%
R&D Expenses	$216.4M+38.9%	$186.0M+23.4%	$165.7M+15.2%	$154.9M+17.7%	$155.7M+23.0%	$150.7M+18.2%	$143.9M+29.4%	$131.6M+16.0%
SG&A Expenses	$266.4M+8.5%	$267.6M+15.6%	$258.5M+17.2%	$252.1M+10.1%	$245.4M+7.7%	$231.4M+12.8%	$220.6M+5.5%	$229.0M+8.2%
Interest Expense	$41.1M-25.4%	$44.6M-22.2%	$45.9M-28.5%	$58.7M-11.9%	$55.0M-18.8%	$57.3M-21.3%	$64.3M-13.9%	$66.6M-9.0%
Income Tax	$42.3M+22.0%	$2.7M-67.1%	$24.2M-10.0%	-$8.3M-49.5%	$34.7M-39.1%	$8.1M+150.4%	$26.9M+400.7%	-$5.6M+73.2%
Net Income	$240.5M+351.6%	$191.4M+1118.3%	$146.7M+41.9%	$226.3M+774.4%	-$95.6M-97.4%	$15.7M+219.1%	$103.4M+483.0%	$25.9M+138.3%
EPS (Basic)	$1.25+250.6%	$1.01+1018.2%	$0.87+89.1%	$1.24+3200.0%	-$0.83-59.6%	-$0.11+62.1%	$0.46+221.1%	-$0.04+93.8%
EPS (Diluted)	$1.20	$0.97+981.8%	$0.76+72.7%	$1.19+3075.0%	-$0.82-57.7%	-$0.11+62.1%	$0.44	-$0.04+93.8%
Diluted Shares (Avg)	N/A	196M+26.5%	193M+20.5%	191M+24.1%	N/A	155M+2.0%	160M	154M+2.2%

Not reported in any period shown, so not listed: Operating Income, EBITDA.

COHR Balance Sheet

COHR quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY238-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$18.3B+22.7%	$14.9B+2.9%	$14.5B+5.7%	$13.7B+74.8%	$7.8B+20.5%	$6.5B+24.4%	$5.2B+167.9%	$2.0B+10.9%	$1.8B+19.2%	$1.5B+21.9%	$1.2B+14.5%	$1.1B-1.3%	$1.1B+24.1%	$863.8M+22.3%	$706.5M
Current Assets	$6.9B+76.3%	$3.9B+7.3%	$3.7B+12.5%	$3.3B-24.5%	$4.3B+42.2%	$3.0B+69.2%	$1.8B+120.1%	$812.9M+6.7%	$761.8M+8.5%	$702.3M+20.5%	$583.0M+13.6%	$513.0M+1.4%	$505.7M+9.7%	$461.1M+12.4%	$410.4M
Cash & Equivalents	$1.2B+27.8%	$909.2M-1.8%	$926.0M+12.8%	$821.3M-68.2%	$2.6B+62.2%	$1.6B+222.9%	$493.0M+140.7%	$204.9M-17.1%	$247.0M-9.1%	$271.9M+24.5%	$218.4M+25.8%	$173.6M-0.6%	$174.7M-5.8%	$185.4M+37.4%	$134.9M
Short-Term Investments	$825.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.6B+79.5%	$1.4B+11.8%	$1.3B+1.1%	$1.3B+41.0%	$902.6M+29.7%	$695.8M+12.3%	$619.8M+109.2%	$296.3M+19.3%	$248.3M+21.9%	$203.7M+16.3%	$175.1M+6.5%	$164.4M-0.9%	$165.9M+16.9%	$141.9M+3.1%	$137.6M
Accounts Receivable	$1.3B+39.3%	$964.1M+13.6%	$848.5M-5.9%	$901.5M+28.7%	$700.3M+6.3%	$659.0M+10.2%	$598.1M+121.8%	$269.6M+25.4%	$215.0M+11.2%	$193.4M+17.3%	$164.8M+17.1%	$140.8M+3.0%	$136.7M+27.6%	$107.2M+2.3%	$104.8M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.4B-2.1%	$4.5B+0.2%	$4.5B-1.1%	$4.5B+251.0%	$1.3B-0.8%	$1.3B+4.7%	$1.2B+287.5%	$319.8M+18.1%	$270.7M+8.1%	$250.3M+7.1%	$233.8M+19.3%	$195.9M-0.1%	$196.1M+59.0%	$123.4M+52.8%	$80.7M
Total Liabilities	$7.1B+9.8%	$6.4B-1.7%	$6.5B+0.9%	$6.5B+87.3%	$3.5B+45.4%	$2.4B-24.6%	$3.2B+284.8%	$820.6M+11.3%	$737.4M+27.8%	$576.7M+34.2%	$429.6M+30.6%	$329.1M-17.1%	$396.9M+74.3%	$227.7M+97.8%	$115.1M
Current Liabilities	$2.9B+59.0%	$1.8B+33.6%	$1.3B+24.6%	$1.1B-14.9%	$1.3B+73.7%	$729.6M+8.4%	$672.9M+148.7%	$270.6M+14.4%	$236.5M+27.9%	$185.0M+8.0%	$171.2M+23.1%	$139.2M+3.0%	$135.1M+43.0%	$94.4M+12.8%	$83.7M
Non-Current Liabilities	$4.2B-9.2%	$4.6B-10.8%	$5.2B-3.8%	$5.4B+146.2%	$2.2B+32.9%	$1.7B-33.6%	$2.5B+351.8%	$550.0M+9.8%	$500.9M+27.8%	$391.8M+51.6%	$258.4M+36.1%	$189.9M-27.5%	$261.8M+96.5%	$133.3M+324.8%	$31.4M
Long-Term Debt	$3.2B-8.1%	$3.5B-13.1%	$4.0B-4.9%	$4.2B+123.2%	$1.9B+44.5%	$1.3B-39.9%	$2.2B+393.3%	$443.2M+5.8%	$419.0M+30.1%	$322.0M+49.6%	$215.3M+38.1%	$156.0M-29.7%	$222.0M+94.6%	$114.0M+793.1%	$12.8M
Total Equity	$10.9B+93.2%	$5.6B+8.3%	$5.2B+4.5%	$5.0B+37.9%	$3.6B+6.2%	$3.4B+64.0%	$2.1B+83.3%	$1.1B+10.6%	$1.0B+13.7%	$900.6M+15.1%	$782.3M+7.3%	$729.1M+8.0%	$675.0M+6.1%	$636.1M+8.5%	$586.2M
Retained Earnings	$1.4B+131.7%	$584.4M-12.1%	$664.9M-29.6%	$944.4M-29.9%	$1.3B+18.6%	$1.1B+29.7%	$876.6M-7.1%	$943.6M+12.9%	$836.1M+11.8%	$748.1M+14.6%	$652.8M+11.2%	$587.3M+12.7%	$521.3M+8.0%	$482.9M+11.0%	$434.9M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$18.3B+22.7%	$17.3B+19.7%	$15.1B+6.3%	$14.7B0.0%	$14.9B+2.9%	$14.4B-0.5%	$14.2B-3.2%	$14.7B+8.7%
Current Assets	$6.9B+76.3%	$6.4B+74.2%	$4.4B+25.6%	$4.0B+11.3%	$3.9B+7.3%	$3.7B+4.2%	$3.5B+2.2%	$3.6B+11.9%
Cash & Equivalents	$1.2B+27.8%	$1.6B+78.9%	$863.7M-5.9%	$852.8M-16.4%	$909.2M-1.8%	$890.3M-0.9%	$917.8M+7.2%	$1.0B+9.0%
Short-Term Investments	$825.0M	$825.0M	$0	$0	$0	$0	$0	$0
Inventory	$2.6B+79.5%	$2.1B+52.8%	$1.8B+37.4%	$1.6B+17.8%	$1.4B+11.8%	$1.4B+7.7%	$1.3B+4.1%	$1.4B+8.2%
Accounts Receivable	$1.3B+39.3%	$1.2B+17.6%	$1.1B+18.3%	$1.0B+25.3%	$964.1M+13.6%	$1.0B+5.7%	$891.8M+4.2%	$819.7M+3.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.4B-2.1%	$4.4B-1.2%	$4.5B+1.6%	$4.5B-2.6%	$4.5B+0.2%	$4.5B-0.8%	$4.4B-3.8%	$4.6B+3.0%
Total Liabilities	$7.1B+9.8%	$6.3B-0.1%	$6.2B-0.5%	$6.0B-6.5%	$6.4B-1.7%	$6.3B-3.2%	$6.2B-4.4%	$6.4B+0.2%
Current Liabilities	$2.9B+59.0%	$2.1B+41.2%	$2.0B+49.0%	$1.7B+27.8%	$1.8B+33.6%	$1.5B+14.2%	$1.3B+10.2%	$1.4B+25.4%
Non-Current Liabilities	$4.2B-9.2%	$4.2B-13.0%	$4.2B-13.7%	$4.3B-15.7%	$4.6B-10.8%	$4.8B-7.6%	$4.9B-7.6%	$5.1B-4.9%
Long-Term Debt	$3.2B-8.1%	$3.2B-14.6%	$3.2B-15.3%	$3.3B-16.8%	$3.5B-13.1%	$3.7B-8.7%	$3.8B-7.4%	$3.9B-7.1%
Total Equity	$10.9B+93.2%	$10.7B+99.5%	$8.5B+65.2%	$5.8B+6.0%	$5.6B+8.3%	$5.4B+0.3%	$5.2B-5.5%	$5.5B+13.8%
Retained Earnings	$1.4B+131.7%	$1.1B+56.2%	$922.3M+26.3%	$777.2M+17.9%	$584.4M-12.1%	$713.1M-4.3%	$730.1M-7.5%	$659.0M-22.2%

COHR Cash Flow Statement

COHR quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY238-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$79.5M-87.5%	$633.6M+16.1%	$545.7M-13.9%	$634.0M+53.4%	$413.3M-28.0%	$574.4M+93.2%	$297.3M+66.6%	$178.5M+10.8%	$161.0M+35.7%	$118.6M-3.5%	$123.0M-4.9%	$129.4M+35.5%	$95.5M-11.3%	$107.6M+22.2%	$88.1M
Depreciation & Amortization	$521.9M-5.7%	$553.6M-1.1%	$559.8M-17.9%	$681.7M+137.7%	$286.8M+6.2%	$270.1M+22.3%	$220.9M+139.1%	$92.4M+14.4%	$80.8M+26.9%	$63.6M+12.3%	$56.7M+6.7%	$53.1M0.0%	$53.1M+30.2%	$40.8M+18.2%	$34.5M
Stock-Based Compensation	$186.5M+16.4%	$160.2M+27.1%	$126.0M-15.3%	$148.9M+103.3%	$73.2M+3.2%	$71.0M+3.6%	$68.5M+212.0%	$21.9M+43.3%	$15.3M+30.2%	$11.8M+21.5%	$9.7M-14.7%	$11.3M-8.2%	$12.3M+3.2%	$12.0M+3.2%	$11.6M
Capital Expenditures	$1.1B+150.2%	$440.8M+27.1%	$346.8M-20.5%	$436.1M+38.7%	$314.3M+114.8%	$146.3M+6.9%	$136.9M-0.2%	$137.1M-10.6%	$153.4M+10.8%	$138.5M+138.1%	$58.2M+11.2%	$52.3M+79.0%	$29.2M+15.9%	$25.2M-41.1%	$42.8M
Free Cash Flow	-$1.0B-630.9%	$192.8M-3.1%	$198.9M+0.5%	$198.0M+100.0%	$99.0M-76.9%	$428.0M+166.8%	$160.4M+287.9%	$41.4M+445.8%	$7.6M+138.1%	-$19.9M-130.7%	$64.8M-15.9%	$77.1M+16.3%	$66.2M-19.6%	$82.4M+82.0%	$45.3M
Investing Cash Flow	-$1.4B-241.3%	-$414.2M-18.1%	-$350.7M+94.1%	-$5.9B-1752.2%	-$320.1M-85.1%	-$173.0M+85.3%	-$1.2B-426.5%	-$224.0M+21.4%	-$284.9M-60.8%	-$177.2M-31.1%	-$135.2M-158.7%	-$52.2M+74.7%	-$206.8M-43.1%	-$144.5M-70.3%	-$84.9M
Financing Cash Flow	$1.5B+427.0%	-$451.7M-159.6%	$758.3M-78.7%	$3.6B+311.8%	$863.0M+27.7%	$675.7M-42.4%	$1.2B+23964.5%	$4.9M-95.0%	$97.0M-13.1%	$111.6M+81.6%	$61.5M+180.8%	-$76.1M-176.8%	$99.1M+15.5%	$85.8M+679.4%	-$14.8M
Dividends Paid	$35.1M-73.0%	$129.9M+5.4%	$123.3M-14.5%	$144.3M+111.1%	$68.3M+83.0%	$37.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0-100.0%	$1.6M+0.6%	$1.6M-96.8%	$49.9M	N/A	$6.3M-50.6%	$12.7M-36.3%	$20.0M0.0%	$20.0M+300.5%	$5.0M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$69.5M-46.7%	-$93.8M-157.6%	$57.9M-69.1%	$46.0M-70.0%	$130.3M-19.7%	$163.0M+38.8%	$187.4M+179.0%	$153.0M-23.0%
Depreciation & Amortization	$140.6M+5.2%	$132.9M-9.6%	$126.0M-6.6%	$122.4M-11.4%	$133.6M-7.0%	$147.0M+5.2%	$134.9M-2.3%	$138.2M-0.1%
Stock-Based Compensation	N/A	$50.6M+25.9%	$44.6M+8.9%	$44.1M+26.2%	N/A	$40.2M+52.1%	$41.0M+50.5%	$35.0M-23.9%
Capital Expenditures	$555.7M+323.1%	$289.7M+159.1%	$153.6M+45.3%	$103.9M+13.0%	$131.3M+31.5%	$111.8M+19.9%	$105.7M+15.5%	$92.0M+47.9%
Free Cash Flow	-$486.2M-45512.1%	-$383.5M-849.9%	-$95.7M-217.1%	-$58.0M-195.1%	-$1.1M-101.7%	$51.1M+111.4%	$81.7M+436.2%	$61.0M-55.3%
Investing Cash Flow	-$522.6M-299.9%	-$1.0B-839.2%	-$138.5M-30.6%	$296.8M+551.5%	-$130.7M-28.5%	-$111.7M-19.7%	-$106.1M-15.9%	-$65.7M-2.4%
Financing Cash Flow	$1.2M+101.8%	$1.9B+1645.1%	$43.1M+130.6%	-$421.5M-235.4%	-$65.2M-5.8%	-$120.0M-209.0%	-$140.8M-116.1%	-$125.7M-602.8%
Dividends Paid	N/A	N/A	$1.6M-95.0%	$33.5M+5.2%	$33.1M+5.5%	$32.7M+4.9%	$32.3M+5.5%	$31.8M+5.5%

Not reported in any period shown, so not listed: Share Buybacks.

COHR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

COHR quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY238-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	37.5%+2.3pp	35.2%+4.2pp	30.9%-0.4pp	31.4%-6.8pp	38.2%+0.3pp	37.9%+4.7pp	33.2%-5.0pp	38.3%-1.6pp	39.9%-0.1pp	40.0%+2.2pp	37.8%+1.1pp	36.6%+3.4pp	33.2%-3.8pp	36.9%-2.1pp	39.0%
Operating Margin	N/A	N/A	2.0%+2.8pp	-0.7%-13.2pp	12.5%-0.5pp	13.0%+11.3pp	1.7%-9.3pp	10.9%-0.9pp	11.8%-0.1pp	11.9%+0.9pp	11.0%+0.6pp	10.3%+3.5pp	6.8%-6.2pp	13.0%-2.8pp	15.8%
Net Margin	11.3%+10.5pp	0.9%+4.2pp	-3.3%+1.7pp	-5.0%-12.1pp	7.1%-2.5pp	9.6%+12.4pp	-2.8%-10.7pp	7.9%+0.3pp	7.6%-2.2pp	9.8%+1.9pp	7.9%-1.0pp	8.9%+3.3pp	5.6%-3.6pp	9.2%-2.5pp	11.7%
Return on Equity	7.4%+6.5pp	0.9%+3.9pp	-3.0%+2.2pp	-5.2%-11.7pp	6.5%-2.3pp	8.7%+12.0pp	-3.2%-12.7pp	9.5%+0.9pp	8.6%-2.0pp	10.6%+2.2pp	8.4%-0.7pp	9.0%+3.3pp	5.7%-2.3pp	8.0%-2.3pp	10.3%
Return on Assets	4.4%+4.1pp	0.3%+1.4pp	-1.1%+0.8pp	-1.9%-4.9pp	3.0%-1.6pp	4.6%+5.8pp	-1.3%-6.8pp	5.5%+0.5pp	5.0%-1.4pp	6.5%+1.1pp	5.4%-0.8pp	6.2%+2.6pp	3.6%-2.3pp	5.9%-2.7pp	8.5%
Current Ratio	2.43+0.2x	2.19-0.5x	2.72-0.3x	3.01-0.4x	3.40-0.8x	4.15+1.5x	2.66-0.3x	3.00-0.2x	3.22-0.6x	3.80+0.4x	3.40-0.3x	3.69-0.1x	3.74-1.1x	4.880.0x	4.90
Debt-to-Equity	0.29-0.3x	0.62-0.2x	0.77-0.1x	0.85+0.3x	0.52+0.1x	0.39-0.7x	1.05+0.7x	0.390.0x	0.41+0.1x	0.36+0.1x	0.28+0.1x	0.21-0.1x	0.33+0.1x	0.18+0.2x	0.02
Asset Turnover	0.390.0x	0.39+0.1x	0.32-0.1x	0.380.0x	0.42-0.1x	0.480.0x	0.45-0.2x	0.700.0x	0.660.0x	0.660.0x	0.680.0x	0.70+0.1x	0.640.0x	0.64-0.1x	0.73
FCF Margin	-14.4%-17.7pp	3.3%-0.9pp	4.2%+0.4pp	3.8%+0.9pp	3.0%-10.8pp	13.8%+7.0pp	6.7%+3.7pp	3.0%+2.4pp	0.7%+2.7pp	-2.1%-9.9pp	7.8%-2.6pp	10.4%+0.7pp	9.7%-5.3pp	14.9%+6.2pp	8.8%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	38.5%+2.8pp	37.7%+2.4pp	37.0%+1.5pp	36.6%+2.5pp	35.7%+2.8pp	35.2%+4.9pp	35.5%+4.5pp	34.1%+5.0pp
Net Margin	11.8%+18.0pp	10.6%+9.6pp	8.7%+1.5pp	14.3%+12.4pp	-6.3%-2.6pp	1.1%+2.1pp	7.2%+9.6pp	1.9%+8.3pp
Return on Equity	2.2%+3.9pp	1.8%+1.5pp	1.7%-0.3pp	3.9%+3.4pp	-1.7%-0.8pp	0.3%+0.5pp	2.0%+2.5pp	0.5%+1.9pp
Return on Assets	1.3%+1.9pp	1.1%+1.0pp	1.0%+0.2pp	1.5%+1.4pp	-0.6%-0.3pp	0.1%+0.2pp	0.7%+0.9pp	0.2%+0.7pp
Current Ratio	2.43+0.2x	3.05+0.6x	2.25-0.4x	2.33-0.3x	2.19-0.5x	2.47-0.2x	2.67-0.2x	2.67-0.3x
Debt-to-Equity	0.29-0.3x	0.30-0.4x	0.38-0.4x	0.56-0.2x	0.62-0.2x	0.70-0.1x	0.740.0x	0.71-0.2x
Asset Turnover	0.110.0x	0.100.0x	0.110.0x	0.110.0x	0.100.0x	0.100.0x	0.100.0x	0.090.0x
FCF Margin	-23.8%-23.7pp	-21.2%-24.6pp	-5.7%-11.4pp	-3.7%-8.2pp	-0.1%-4.8pp	3.4%+1.4pp	5.7%+7.8pp	4.5%-8.5pp

Not reported in any period shown, so not listed: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Coherent Corp. COHR	FY2026	$7.1B	$805.0M	11.3%	$56.7B	51/100
Fortive Corporation FTV	FY2025	$4.2B	$532.7M	12.8%	$17.3B	54/100
Trimble Inc. TRMB	FY2025	$3.6B	$424.0M	11.8%	$14.0B	41/100
Teledyne Technologies Incorporated TDY	FY2025	$6.1B	$894.8M	14.6%	$28.4B	62/100
Keysight Technologies, Inc. KEYS	FY2025	$5.4B	$850.0M	15.8%	$65.2B	66/100
Garmin Ltd GRMN	FY2025	$7.2B	$1.7B	23.0%	$51.8B	84/100

Where Coherent Corp. Ranks

Frequently Asked Questions

What is Coherent Corp.'s annual revenue?

Coherent Corp. (COHR) reported $7.1B in total revenue for fiscal year 2026. This represents a 22.5% 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 22.5% year-over-year, from $5.8B to $7.1B in fiscal year 2026.

Is Coherent Corp. profitable?

Yes, Coherent Corp. (COHR) reported a net income of $805.0M in fiscal year 2026, with a net profit margin of 11.3%.

How much debt does Coherent Corp. have?

As of fiscal year 2026, Coherent Corp. (COHR) had $1.2B in cash and equivalents against $3.2B in long-term debt.

What is Coherent Corp.'s gross margin?

Coherent Corp. (COHR) had a gross margin of 37.5% in fiscal year 2026, 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 11.3% in fiscal year 2026, 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 7.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Coherent Corp.'s free cash flow?

Coherent Corp. (COHR) recorded an outflow of $1.0B in free cash flow during fiscal year 2026. This represents a -630.9% 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 $79.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Coherent Corp.'s total assets?

Coherent Corp. (COHR) had $18.3B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Coherent Corp.'s capital expenditures?

Coherent Corp. (COHR) invested $1.1B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Coherent Corp. spend on research and development?

Coherent Corp. (COHR) invested $723.0M in research and development during fiscal year 2026.

How many shares does Coherent Corp. have outstanding?

Coherent Corp. (COHR) had 196M shares outstanding as of fiscal year 2026.

What is Coherent Corp.'s current ratio?

Coherent Corp. (COHR) had a current ratio of 2.43 as of fiscal year 2026, which is generally considered healthy.

What is Coherent Corp.'s debt-to-equity ratio?

Coherent Corp. (COHR) had a debt-to-equity ratio of 0.29 as of fiscal year 2026, 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 4.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Coherent Corp.'s P/E ratio?

Coherent Corp. (COHR) trades at 70.5x earnings, its market capitalization divided by net income of $805.0M net income, FY2026. The market capitalization is $56.7B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Coherent Corp.'s price-to-sales ratio?

Coherent Corp. (COHR) trades at 8.0x sales, its market capitalization divided by revenue of $7.1B revenue, FY2026. The market capitalization is $56.7B as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Coherent Corp.'s Piotroski F-Score?

Coherent Corp. (COHR) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 to 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 0.10x, considered low quality (accrual-driven). 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 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.