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.

Coherent Corp Financials

COHR

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE June

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).

Rhea AI COHR FY2025 2026-05-06

Coherent’s gross-margin repair is reviving earnings quality, but interest and reinvestment needs still keep owner cash constrained.

In the latest year, operating cash flow reached $634M while net income was only $49M, so cash generation ran far ahead of reported earnings and points to a statement still weighed down by noncash charges. That gap makes sense with depreciation and amortization at $554M, but capital intensity still matters: free cash flow was only $193M after reinvestment.

Revenue rebounded to $5.81B, and gross margin improved to 35.2%. That pairing suggests the recovery was not just more volume through the same factory base; each sales dollar was producing more gross profit again, but net margin remained only 0.9% because financing and overhead still absorb most of the gain.

Long-term debt is down to $3.50B, and the current ratio still sits at 2.2x, so liquidity looks serviceable even without a large cash cushion. But goodwill-heavy equity changes how sturdy that feels: goodwill of $4.47B stands against total equity of $5.64B, meaning much of book net worth is not cash or hard operating assets.

Financial Health Signals

Financial Health Score 48/100

Scored against operating companies for FY2025. 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.

Growth

Coherent Corp's revenue surged 23.4% year-over-year to $5.8B, reflecting rapid business expansion. This strong growth earns a score of 55/100.

Leverage

Coherent Corp has a moderate D/E ratio of 0.62. This balance of debt and equity financing earns a leverage score of 56/100.

Liquidity

Coherent Corp's current ratio of 2.19 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Coherent Corp has a free cash flow margin of 3.3%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Coherent Corp's ROE of 0.9% shows moderate profitability relative to equity, earning a score of 34/100. This is up from -3.0% the prior year.

Piotroski F-Score Strong

7/9

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.

Earnings Quality Cash-Backed

12.84x

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

Export CSV

Earnings & Revenue

Revenue

$5.8B

YoY+23.4%

5Y CAGR+19.5%

10Y CAGR+22.9%

Coherent Corp generated $5.8B in revenue in fiscal year 2025. This represents an increase of 23.4% from the prior year.

EBITDA

N/A

Net Income

$49.4M

YoY+131.6%

10Y CAGR-2.9%

Coherent Corp reported $49.4M in net income in fiscal year 2025. This represents an increase of 131.6% from the prior year.

EPS (Diluted)

$-0.52

YoY+71.7%

Coherent Corp earned $-0.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 71.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$192.8M

YoY-3.1%

5Y CAGR+3.7%

10Y CAGR+9.6%

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.

Cash & Debt

$909.2M

YoY-1.8%

5Y CAGR+13.0%

10Y CAGR+18.0%

Coherent Corp held $909.2M in cash against $3.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

156M

YoY+1.6%

Coherent Corp had 156M shares outstanding in fiscal year 2025. This represents an increase of 1.6% from the prior year.

Margins & Returns

Gross Margin

35.2%

YoY+4.2pp

5Y CAGR+1.9pp

10Y CAGR-1.4pp

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.

Operating Margin

N/A

Net Margin

0.9%

YoY+4.2pp

5Y CAGR+3.7pp

10Y CAGR-8.0pp

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.

Return on Equity

0.9%

YoY+3.9pp

5Y CAGR+4.1pp

10Y CAGR-8.2pp

Coherent Corp's ROE was 0.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.9 percentage points from the prior year.

Capital Allocation

R&D Spending

$581.9M

YoY+21.5%

5Y CAGR+11.4%

10Y CAGR+27.5%

Coherent Corp invested $581.9M in research and development in fiscal year 2025. This represents an increase of 21.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$440.8M

YoY+27.1%

5Y CAGR+26.4%

10Y CAGR+23.8%

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	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.8B+23.4%	$4.7B-8.8%	$5.2B+55.6%	$3.3B+6.8%	$3.1B+30.5%	$2.4B
Cost of Revenue	$3.8B+15.8%	$3.3B-8.2%	$3.5B+72.7%	$2.1B+6.4%	$1.9B+21.4%	$1.6B
Gross Profit	$2.0B+40.3%	$1.5B-10.0%	$1.6B+27.9%	$1.3B+7.5%	$1.2B+48.8%	$791.2M
R&D Expenses	$581.9M+21.5%	$478.8M-4.2%	$499.6M+32.5%	$377.1M+14.2%	$330.1M-2.6%	$339.1M
SG&A Expenses	$926.5M+8.5%	$854.0M-17.6%	$1.0B+118.7%	$474.1M+6.5%	$445.2M+7.9%	$412.6M
Operating Income	N/A	$96.1M+358.9%	-$37.1M-109.0%	$414.3M+3.0%	$402.1M+918.6%	$39.5M
Interest Expense	$243.3M-15.7%	$288.5M+0.6%	$286.9M+136.6%	$121.3M+102.4%	$59.9M-33.0%	$89.4M
Income Tax	$64.1M+476.8%	$11.1M+111.6%	-$96.1M-304.3%	$47.0M-14.5%	$55.0M+1674.8%	$3.1M
Net Income	$49.4M+131.6%	-$156.2M+39.8%	-$259.5M-210.5%	$234.8M-21.1%	$297.6M+543.9%	-$67.0M
EPS (Diluted)	$-0.52+71.7%	$-1.84+37.2%	$-2.93-302.1%	$1.45-38.8%	$2.37+400.0%	$-0.79

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$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+2.6%	$1.3B
Cost of Revenue	$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+0.6%	$882.4M
Gross Profit	$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+6.5%	$431.9M
R&D Expenses	$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+3.9%	$126.7M
SG&A Expenses	$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+0.4%	$228.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$63.2M
Interest Expense	$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-1.7%	$67.8M
Income Tax	$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-109.8%	$56.9M
Net Income	$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+153.4%	-$48.4M
EPS (Diluted)	$0.97+27.6%	$0.76-36.1%	$1.19	N/A	$-0.11-125.0%	$0.44+1200.0%	$-0.04	N/A

COHR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$14.9B+2.9%	$14.5B+5.7%	$13.7B+74.8%	$7.8B+20.5%	$6.5B+24.4%	$5.2B
Current Assets	$3.9B+7.3%	$3.7B+12.5%	$3.3B-24.5%	$4.3B+42.2%	$3.0B+69.2%	$1.8B
Cash & Equivalents	$909.2M-1.8%	$926.0M+12.8%	$821.3M-68.2%	$2.6B+62.2%	$1.6B+222.9%	$493.0M
Inventory	$1.4B+11.8%	$1.3B+1.1%	$1.3B+41.0%	$902.6M+29.7%	$695.8M+12.3%	$619.8M
Accounts Receivable	$964.1M+13.6%	$848.5M-5.9%	$901.5M+28.7%	$700.3M+6.3%	$659.0M+10.2%	$598.1M
Goodwill	$4.5B+0.2%	$4.5B-1.1%	$4.5B+251.0%	$1.3B-0.8%	$1.3B+4.7%	$1.2B
Total Liabilities	$6.4B-1.7%	$6.5B+0.9%	$6.5B+87.3%	$3.5B+45.4%	$2.4B-24.6%	$3.2B
Current Liabilities	$1.8B+33.6%	$1.3B+24.6%	$1.1B-14.9%	$1.3B+73.7%	$729.6M+8.4%	$672.9M
Long-Term Debt	$3.5B-13.1%	$4.0B-4.9%	$4.2B+123.2%	$1.9B+44.5%	$1.3B-39.9%	$2.2B
Total Equity	$5.6B+8.3%	$5.2B+4.5%	$5.0B+37.9%	$3.6B+6.2%	$3.4B+64.0%	$2.1B
Retained Earnings	$584.4M-12.1%	$664.9M-29.6%	$944.4M-29.9%	$1.3B+18.6%	$1.1B+29.7%	$876.6M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$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+1.5%	$14.5B
Current Assets	$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-0.8%	$3.7B
Cash & Equivalents	$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+10.1%	$926.0M
Inventory	$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+7.8%	$1.3B
Accounts Receivable	$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-3.4%	$848.5M
Goodwill	$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+2.9%	$4.5B
Total Liabilities	$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-1.7%	$6.5B
Current Liabilities	$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+1.1%	$1.3B
Long-Term Debt	$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-2.7%	$4.0B
Total Equity	$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+5.6%	$5.2B
Retained Earnings	$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-0.9%	$664.9M

COHR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$633.6M+16.1%	$545.7M-13.9%	$634.0M+53.4%	$413.3M-28.0%	$574.4M+93.2%	$297.3M
Capital Expenditures	$440.8M+27.1%	$346.8M-20.5%	$436.1M+38.7%	$314.3M+114.8%	$146.3M+6.9%	$136.9M
Free Cash Flow	$192.8M-3.1%	$198.9M+0.5%	$198.0M+100.0%	$99.0M-76.9%	$428.0M+166.8%	$160.4M
Investing Cash Flow	-$414.2M-18.1%	-$350.7M+94.1%	-$5.9B-1752.2%	-$320.1M-85.1%	-$173.0M+85.3%	-$1.2B
Financing Cash Flow	-$451.7M-159.6%	$758.3M-78.7%	$3.6B+311.8%	$863.0M+27.7%	$675.7M-42.4%	$1.2B
Dividends Paid	$129.9M+5.4%	$123.3M-14.5%	$144.3M+111.1%	$68.3M+83.0%	$37.3M	N/A
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$1.6M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$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-5.8%	$162.3M
Capital Expenditures	$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-7.9%	$99.9M
Free Cash Flow	-$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-2.3%	$62.4M
Investing Cash Flow	-$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+35.4%	-$101.7M
Financing Cash Flow	$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-103.9%	-$61.6M
Dividends Paid	-$1.6M-200.0%	$1.6M-95.2%	$33.5M+1.0%	$33.1M+1.4%	$32.7M+1.3%	$32.3M+1.3%	$31.8M+1.3%	$31.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

COHR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	35.2%+4.2pp	30.9%-0.4pp	31.4%-6.8pp	38.2%+0.3pp	37.9%+4.7pp	33.2%
Operating Margin	N/A	2.0%+2.8pp	-0.7%-13.2pp	12.5%-0.5pp	13.0%+11.3pp	1.7%
Net Margin	0.9%+4.2pp	-3.3%+1.7pp	-5.0%-12.1pp	7.1%-2.5pp	9.6%+12.4pp	-2.8%
Return on Equity	0.9%+3.9pp	-3.0%+2.2pp	-5.2%-11.7pp	6.5%-2.3pp	8.7%+12.0pp	-3.2%
Return on Assets	0.3%+1.4pp	-1.1%+0.8pp	-1.9%-4.9pp	3.0%-1.6pp	4.6%+5.8pp	-1.3%
Current Ratio	2.19-0.5	2.72-0.3	3.01-0.4	3.40-0.8	4.15+1.5	2.66
Debt-to-Equity	0.62-0.2	0.77-0.1	0.85+0.3	0.52+0.1	0.39-0.7	1.05
FCF Margin	3.3%-0.9pp	4.2%+0.4pp	3.8%+0.9pp	3.0%-10.8pp	13.8%+7.0pp	6.7%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	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%+1.3pp	32.9%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	4.8%
Net Margin	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%+5.6pp	-3.7%
Return on Equity	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%+1.4pp	-0.9%
Return on Assets	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%+0.5pp	-0.3%
Current Ratio	3.05+0.8	2.25-0.1	2.33+0.1	2.19-0.3	2.47-0.2	2.670.0	2.67-0.1	2.72
Debt-to-Equity	0.30-0.1	0.38-0.2	0.56-0.1	0.62-0.1	0.70-0.0	0.74+0.0	0.71-0.1	0.77
FCF Margin	-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%-0.2pp	4.8%

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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%.

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 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 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 48 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.