Coherent COHR
Optical communications & lasers. Coherent Corp., listed on NYSE.
Based on the FY2026 annual report (Jul 2025 – Jun 2026)
Coherent's market cap is
about $34.30 billion.
#275 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $7.118181B.
- Share price (close)
- $169.76
- P/E ratio
- 41.2x
- Market cap
- $34.30B
- Revenue
- $7.118181B
- Operating income
- —
- Net income
- $804.998M
- Free cash flow
- −$1.023395B
- Total assets
- $18.299852B
- Dividends paid
- —
- Dividend per share
- —
- Dividend yield
- —
- Shares outstanding
- 195,387,000 shares
Size, put in perspective
Calculated from the FY2026 annual report, spread evenly over 365 days.
Where the revenue went
Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.
- Cost of revenue62.5%
- R&D10.2%
- Other expenses15.4%
- Income taxes & other0.6%
- Net income11.3%
Profitability and stability
Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.
- Revenue growthHow much revenue grew from the previous fiscal year
- +22.5%
- #40 of 299
- Revenue grew sharply over the year. The median across 299 companies is +7.9%.
- Operating marginShare of revenue kept as profit from the core business
- —
- Not ranked
- The filing doesn't include the items needed to calculate this.
- Net marginShare of revenue left as profit after interest and taxes
- 11.3%
- #183 of 298
- After taxes, 11.3% of revenue was left as net income. The median across 298 companies is 14.0%.
- FCF marginShare of revenue left as cash after capital spending
- −14.4%
- #250 of 261
- The company spent more on investment than it generated in cash. The median across 261 companies is 15.8%.
- ROEHow much profit the company earned on shareholders' equity in a year
- 9.7%
- #213 of 276
- Earnings relative to equity are about average. The median across 276 companies is 16.8%.
- Debt-to-equityLiabilities relative to equity. Lower means less debt
- 64.8%
- #33 of 244
- Liabilities are smaller than equity. The median across 244 companies is 159.6%.
Revenue and profit over time
Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.
Where the cash went
Unlike profit, cash flow is money that actually came in and went out.
- Cash from operations$79.514M
- Capital spending−$1.102909B
- Cash shortfall (FCF)−$1.023395B
Whose money funds the assets
The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).
- Total assets$18.299852B
- Total liabilities$7.061652B
- Total equity$10.903495B
- Cash and equivalents$1.162018B
Compared with similar companies
Based on each company's latest annual report, so fiscal year ends may differ.
Compare in detail| Company | Annual revenue | Net income | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|---|
| CoherentCOHR | $7.118181B | $804.998M | +22.5% | — | 11.3% |
| NetAppNTAP | $6.925B | $1.276B | +5.4% | 24.2% | 18.4% |
| CienaCIEN | $4.769507B | $123.338M | +18.8% | 4.1% | 2.6% |
| Keysight TechnologiesKEYS | $5.375B | $850M | +8.0% | 16.3% | 15.8% |
| LumentumLITE | $3.014B | −$6.9351B | +83.2% | 17.4% | −230.1% |
What the company does
Coherent makes optical transceivers for data centers, industrial lasers and compound semiconductor materials.
The fiscal year ends around June each year.
Related companies: NetApp, Ciena, Keysight Technologies, Lumentum
Financial statements
Last 5 fiscal years. Currency: US dollars.
Show the table
| Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | 3.316616B | 5.1601B | 4.707688B | 5.810115B | 7.118181B |
| Cost of revenue | 2.05112B | 3.541817B | 3.251724B | 3.766793B | 4.449141B |
| Gross profit | 1.265496B | 1.618283B | 1.455964B | 2.043322B | 2.66904B |
| R&D expense | 377.106M | 499.603M | 478.788M | 581.924M | 722.952M |
| Operating income | 414.294M | −37.12M | 96.121M | — | — |
| Pretax income | 281.807M | −355.558M | −147.647M | 94.181M | 847.733M |
| Net income | 234.759M | −259.458M | −156.154M | 49.364M | 804.998M |
| EPS (diluted) | $1.45 | $-2.93 | $-1.84 | $-0.52 | $4.12 |
| Operating cash flow | 413.332M | 634.025M | 545.731M | 633.6M | 79.514M |
| Capital expenditures | 314.332M | 436.06M | 346.816M | 440.836M | 1.102909B |
| Free cash flow (FCF) | 99M | 197.965M | 198.915M | 192.764M | −1.023395B |
| Total assets | 7.844846B | 13.711133B | 14.488634B | 14.910936B | 18.299852B |
| Total liabilities | 3.461568B | 6.482167B | 6.542355B | 6.429653B | 7.061652B |
| Total equity | 3.616475B | 4.987551B | 5.210115B | 5.644514B | 10.903495B |
| Cash and equivalents | 2.582371B | 821.31M | 926.033M | 909.2M | 1.162018B |
| Original filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: SEC EDGAR filings for Coherent Corp. · CIK 0000820318 · US-GAAP