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 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

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

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 2026-08-14

Profit has recovered, but Coherent now looks like a capital- and working-capital-intensive grower rather than a steady cash generator.

After hovering near breakeven a year earlier, net income snapped back to $805M, yet operating cash flow fell to just $79.5M. With inventory swelling and capex climbing, that divergence pushed free cash flow to -$1.0B, indicating a cash-absorbing buildout rather than the kind of cash release that would normally validate reported earnings.

At the latest year, leverage eased materially: debt-to-equity reached 0.3x, and the current ratio remained above 2x. That means weaker cash generation did not coincide with a balance sheet under immediate pressure, giving the company more room to fund a heavy investment cycle without relying as much on creditors.

Gross margin recovery to 37.5% from the earlier trough of 30.9% shows the business is no longer carrying the same cost mix that weighed on results after the scale-up. Interest expense also fell to $190M, so more of each gross-profit dollar reached net income; the improvement reflects both operating normalization and a lighter financing drag, not just higher sales.

Financial Health Signals

Financial Health Score 52/100

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 84/100.

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 68/100, 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 68/100.

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 19/100, 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 35/100. 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

$7.1B

YoY+22.5%

5Y CAGR+18.0%

10Y CAGR+24.0%

Coherent Corp generated $7.1B in revenue in fiscal year 2026. This represents an increase of 22.5% from the prior year.

Net Income

$805.0M

YoY+1530.7%

5Y CAGR+22.0%

10Y CAGR+28.5%

Coherent Corp reported $805.0M in net income in fiscal year 2026. This represents an increase of 1530.7% from the prior year.

EPS (Diluted)

$4.12

YoY+892.3%

Coherent Corp earned $4.12 per diluted share (EPS) in fiscal year 2026. This represents an increase of 892.3% from the prior year.

EBITDA

Not reported for fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow

-$1.0B

YoY-630.9%

Coherent Corp recorded an outflow of $1.0B in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 630.9% from the prior year.

Cash & Debt

$1.2B

YoY+27.8%

5Y CAGR-6.1%

10Y CAGR+18.2%

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

Shares Outstanding

196M

YoY+25.7%

Coherent Corp had 196M shares outstanding in fiscal year 2026. This represents an increase of 25.7% from the prior year.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin

37.5%

YoY+2.3pp

5Y CAGR-0.4pp

10Y CAGR-0.3pp

Coherent Corp's gross margin was 37.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 2.3 percentage points from the prior year.

Net Margin

11.3%

YoY+10.5pp

5Y CAGR+1.7pp

10Y CAGR+3.4pp

Coherent Corp's net profit margin was 11.3% in fiscal year 2026, showing the share of revenue converted to profit. This is up 10.5 percentage points from the prior year.

Return on Equity

7.4%

YoY+6.5pp

5Y CAGR-1.4pp

10Y CAGR-1.0pp

Coherent Corp's ROE was 7.4% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 6.5 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2026.

Capital Allocation

R&D Spending

$723.0M

YoY+24.2%

5Y CAGR+17.0%

10Y CAGR+28.1%

Coherent Corp invested $723.0M in research and development in fiscal year 2026. This represents an increase of 24.2% from the prior year.

Capital Expenditures

$1.1B

YoY+150.2%

5Y CAGR+49.8%

10Y CAGR+34.2%

Coherent Corp invested $1.1B in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 150.2% from the prior year.

Share Buybacks

Not reported for fiscal year 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.

COHR quarterly income statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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 (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

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$2.0B+13.3%	$1.8B+7.1%	$1.7B+6.6%	$1.6B+3.4%	$1.5B+2.1%	$1.5B+4.4%	$1.4B+6.4%	$1.3B
Cost of Revenue	$1.3B+11.8%	$1.1B+5.9%	$1.1B+6.0%	$1.0B+1.9%	$983.3M+1.4%	$970.2M+4.8%	$925.3M+4.2%	$888.0M
Gross Profit	$787.1M+15.8%	$679.9M+9.2%	$622.8M+7.5%	$579.2M+6.1%	$546.1M+3.5%	$527.7M+3.6%	$509.4M+10.7%	$460.1M
R&D Expenses	$216.4M+16.3%	$186.0M+12.2%	$165.7M+7.0%	$154.9M-0.6%	$155.7M+3.3%	$150.7M+4.8%	$143.9M+9.3%	$131.6M
SG&A Expenses	$266.4M-0.5%	$267.6M+3.5%	$258.5M+2.5%	$252.1M+2.7%	$245.4M+6.0%	$231.4M+4.9%	$220.6M-3.6%	$229.0M
Interest Expense	$41.1M-7.9%	$44.6M-3.0%	$45.9M-21.8%	$58.7M+6.7%	$55.0M-3.9%	$57.3M-10.9%	$64.3M-3.6%	$66.6M
Income Tax	$42.3M+1482.3%	$2.7M-88.9%	$24.2M+390.9%	-$8.3M-124.0%	$34.7M+327.0%	$8.1M-69.8%	$26.9M+583.3%	-$5.6M
Net Income	$240.5M+25.7%	$191.4M+30.5%	$146.7M-35.2%	$226.3M+336.7%	-$95.6M-708.6%	$15.7M-84.8%	$103.4M+299.4%	$25.9M
EPS (Diluted)	$1.20+23.7%	$0.97+27.6%	$0.76-36.1%	$1.19	-$0.82-645.5%	-$0.11-125.0%	$0.44+1200.0%	-$0.04

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

COHR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

COHR quarterly balance sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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
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
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	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$18.3B+5.9%	$17.3B+14.6%	$15.1B+2.6%	$14.7B-1.4%	$14.9B+3.2%	$14.4B+1.7%	$14.2B-3.4%	$14.7B
Current Assets	$6.9B+7.5%	$6.4B+46.7%	$4.4B+8.7%	$4.0B+2.9%	$3.9B+6.1%	$3.7B+5.8%	$3.5B-3.7%	$3.6B
Cash & Equivalents	$1.2B-27.0%	$1.6B+84.4%	$863.7M+1.3%	$852.8M-6.2%	$909.2M+2.1%	$890.3M-3.0%	$917.8M-10.0%	$1.0B
Inventory	$2.6B+21.4%	$2.1B+15.1%	$1.8B+13.2%	$1.6B+13.6%	$1.4B+3.3%	$1.4B+3.5%	$1.3B-3.0%	$1.4B
Accounts Receivable	$1.3B+13.1%	$1.2B+12.6%	$1.1B+2.7%	$1.0B+6.6%	$964.1M-4.6%	$1.0B+13.3%	$891.8M+8.8%	$819.7M
Goodwill	$4.4B-0.6%	$4.4B-1.4%	$4.5B-0.3%	$4.5B+0.1%	$4.5B+0.3%	$4.5B+1.5%	$4.4B-4.5%	$4.6B
Total Liabilities	$7.1B+12.6%	$6.3B+1.2%	$6.2B+3.1%	$6.0B-6.5%	$6.4B+2.4%	$6.3B+0.7%	$6.2B-3.1%	$6.4B
Current Liabilities	$2.9B+35.0%	$2.1B+8.3%	$2.0B+12.4%	$1.7B-3.3%	$1.8B+19.9%	$1.5B+14.3%	$1.3B-3.6%	$1.4B
Long-Term Debt	$3.2B+0.9%	$3.2B-1.9%	$3.2B-0.4%	$3.3B-6.8%	$3.5B-6.1%	$3.7B-2.8%	$3.8B-2.2%	$3.9B
Total Equity	$10.9B+2.1%	$10.7B+25.0%	$8.5B+46.5%	$5.8B+3.3%	$5.6B+5.5%	$5.4B+3.6%	$5.2B-6.1%	$5.5B
Retained Earnings	$1.4B+21.6%	$1.1B+20.8%	$922.3M+18.7%	$777.2M+33.0%	$584.4M-18.1%	$713.1M-2.3%	$730.1M+10.8%	$659.0M

COHR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

COHR quarterly cash flow statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$69.5M+174.0%	-$93.8M-262.0%	$57.9M+26.0%	$46.0M-64.7%	$130.3M-20.1%	$163.0M-13.0%	$187.4M+22.5%	$153.0M
Capital Expenditures	$555.7M+91.8%	$289.7M+88.6%	$153.6M+47.8%	$103.9M-20.9%	$131.3M+17.5%	$111.8M+5.8%	$105.7M+14.9%	$92.0M
Free Cash Flow	-$486.2M-26.8%	-$383.5M-300.7%	-$95.7M-65.0%	-$58.0M-5340.1%	-$1.1M-102.1%	$51.1M-37.4%	$81.7M+33.9%	$61.0M
Investing Cash Flow	-$522.6M+50.2%	-$1.0B-657.5%	-$138.5M-146.7%	$296.8M+327.1%	-$130.7M-17.0%	-$111.7M-5.3%	-$106.1M-61.3%	-$65.7M
Financing Cash Flow	$1.2M-99.9%	$1.9B+4206.6%	$43.1M+110.2%	-$421.5M-546.1%	-$65.2M+45.6%	-$120.0M+14.8%	-$140.8M-12.1%	-$125.7M
Dividends Paid	N/A	N/A	$1.6M-95.2%	$33.5M+1.0%	$33.1M+1.4%	$32.7M+1.3%	$32.3M+1.3%	$31.8M

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.

COHR quarterly financial ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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
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	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	38.5%+0.8pp	37.7%+0.7pp	37.0%+0.3pp	36.6%+0.9pp	35.7%+0.5pp	35.2%-0.3pp	35.5%+1.4pp	34.1%
Net Margin	11.8%+1.2pp	10.6%+1.9pp	8.7%-5.6pp	14.3%+20.6pp	-6.3%-7.3pp	1.1%-6.2pp	7.2%+5.3pp	1.9%
Return on Equity	2.2%+0.4pp	1.8%+0.1pp	1.7%-2.2pp	3.9%+5.6pp	-1.7%-2.0pp	0.3%-1.7pp	2.0%+1.5pp	0.5%
Return on Assets	1.3%+0.2pp	1.1%+0.1pp	1.0%-0.6pp	1.5%+2.2pp	-0.6%-0.8pp	0.1%-0.6pp	0.7%+0.5pp	0.2%
Current Ratio	2.43-0.6x	3.05+0.8x	2.25-0.1x	2.33+0.1x	2.19-0.3x	2.47-0.2x	2.670.0x	2.67
Debt-to-Equity	0.290.0x	0.30-0.1x	0.38-0.2x	0.56-0.1x	0.62-0.1x	0.700.0x	0.740.0x	0.71
FCF Margin	-23.8%-2.5pp	-21.2%-15.6pp	-5.7%-2.0pp	-3.7%-3.6pp	-0.1%-3.5pp	3.4%-2.3pp	5.7%+1.2pp	4.5%

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

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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 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 52 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.