COHR · Coherent Corp. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · COHR

1Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Revenue	$5.81B	$4.71B	$5.16B	$3.32B	$2.38B	$1.36B
Cost of Revenue	$3.77B	$3.25B	$3.54B	$2.05B	$1.56B	$841.15M
Gross Profit	$2.04B	$1.46B	$1.62B	$1.27B	$819.55M	$521.35M
R&D	$581.92M	$478.79M	$499.60M	$377.11M	$339.07M	$139.16M
SG&A	$926.45M	$854.00M	$1.04B	$474.10M	$441.00M	$233.52M
Total Operating Expenses	$5.72B	$4.86B	$5.52B	$3.03B	$2.44B	$853.26M
D&A	$553.60M	$559.76M	$681.69M	$286.78M	$220.88M	$92.36M
Operating Income	$94.18M	$96.12M	($37.12M)	$414.29M	$39.48M	$148.67M
Interest Expense	-	-	$286.87M	$121.25M	$89.41M	$22.42M
Income Tax	$64.12M	$11.12M	($96.10M)	$47.05M	$3.10M	$21.30M
Net Income	$49.36M	($156.15M)	($259.46M)	$234.76M	($67.03M)	$107.52M
EPS - Basic	($0.52)	($1.84)	($2.93)	$1.57	($0.79)	$1.69
EPS - Diluted	($0.52)	($1.84)	($2.93)	$1.45	($0.79)	$1.63

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Cash & Equivalents	$909.20M	$2.58B	$837.57M	$204.87M	$1.59B	$204.87M
Accounts Receivable	$964.05M	$848.54M	$901.53M	$700.33M	$658.96M	$269.64M
Inventory	$1.44B	$1.29B	$1.27B	$902.56M	$695.83M	$296.28M
Accounts Payable	$846.98M	$631.55M	$405.31M	$434.92M	$294.49M	$104.46M
Current Assets	$3.93B	$3.66B	$3.25B	$4.31B	$3.03B	$812.91M
Total Assets	$14.91B	$14.49B	$13.71B	$7.84B	$6.51B	$1.95B
Current Liabilities	$1.79B	$1.34B	$1.08B	$1.27B	$729.59M	$270.56M
Long-term Debt	$3.50B	$4.03B	$4.23B	$1.90B	$1.31B	$443.16M
Total Liabilities	$6.43B	$6.54B	$6.48B	$3.46B	$2.38B	$820.56M
Stockholders' Equity	$5.64B	$5.21B	$4.99B	$3.62B	$3.41B	$1.13B
Retained Earnings	$584.37M	$664.94M	$944.42M	$1.35B	$1.14B	$943.58M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Operating Cash Flow	$633.60M	$545.73M	$634.02M	$413.33M	$297.29M	$178.47M
Investing Cash Flow	($414.21M)	($350.71M)	($5.93B)	($320.08M)	($1.18B)	($223.98M)
Financing Cash Flow	($451.73M)	$758.27M	$3.55B	$862.95M	$1.17B	$4.88M
CapEx	$440.84M	$346.82M	$436.06M	$314.33M	$136.88M	$137.12M
Free Cash Flow	$192.76M	$198.91M	$197.97M	$99.00M	$160.41M	$41.35M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Profitability
Gross margin	35.2%	30.9%	31.4%	38.2%	34.4%	38.3%
Operating margin	1.6%	2.0%	-0.7%	12.5%	1.7%	10.9%
EBITDA margin	11.1%	13.9%	12.5%	21.1%	10.9%	17.7%
Net margin	0.8%	-3.3%	-5.0%	7.1%	-2.8%	7.9%
Free cash flow margin	3.3%	4.2%	3.8%	3.0%	6.7%	3.0%
FCF / Net income	3.90	-1.27	-0.76	0.42	-2.39	0.38
R&D / Revenue	10.0%	10.2%	9.7%	11.4%	14.2%	10.2%
SG&A / Revenue	15.9%	18.1%	20.1%	14.3%	18.5%	17.1%
Effective tax rate	56.5%	-	-	16.7%	-	16.5%
Return on assets	0.3%	-1.1%	-1.9%	3.0%	-1.0%	5.5%
Return on equity	0.9%	-3.0%	-5.2%	6.5%	-2.0%	9.5%
Return on invested capital	0.5%	0.8%	-0.3%	6.3%	0.7%	7.9%
Liquidity
Current ratio	2.19	2.72	3.01	3.40	4.15	3.00
Quick ratio	1.39	1.77	1.84	2.69	3.20	1.91
Cash ratio	0.51	1.92	0.78	0.16	2.18	0.76
Leverage
Debt / Equity	0.62	0.77	0.85	0.52	0.39	0.39
Debt / Assets	0.23	0.28	0.31	0.24	0.20	0.23
Debt / EBITDA	5.40	6.14	6.57	2.71	5.04	1.84
Interest coverage	-	-	-0.1x	3.4x	0.4x	6.6x
Equity multiplier	2.64	2.78	2.75	2.17	1.91	1.72
Liabilities / Assets	0.43	0.45	0.47	0.44	0.37	0.42
Efficiency
Asset turnover	0.39	0.32	0.38	0.42	0.37	0.70
Inventory turnover	2.62	2.53	2.78	2.27	2.24	2.84
Days sales outstanding	61d	66d	64d	77d	101d	72d
Days inventory outstanding	139d	144d	131d	161d	163d	129d
Days payable outstanding	82d	71d	42d	77d	69d	45d
Cash conversion cycle	118d	139d	153d	160d	195d	155d
Valuation
P / E	-	-	-	-	-	-
P / B	2.4x	2.1x	-	-	-	-
P / S	2.4x	2.3x	-	-	-	-
EV / EBITDA	25.3x	19.0x	-	-	-	-
Growth
Revenue growth (YoY)	23.4%	-8.8%	55.6%	-	74.7%	17.6%
Revenue CAGR (3y)	20.5%	-	29.4%	34.5%	34.8%	18.1%
Revenue CAGR (5y)	19.5%	28.1%	34.8%	27.8%	26.3%	14.8%
Gross profit growth (YoY)	40.3%	-10.0%	27.9%	-	57.2%	-19.1%
Operating income growth (YoY)	-2.0%	-	-	-	-73.4%	9.9%
Net income growth (YoY)	-	39.8%	-	-	-	22.2%
EPS growth (YoY)	71.7%	37.2%	-	-	-	20.7%
EPS CAGR (3y)	-	-	-	-3.8%	-	16.2%
EPS CAGR (5y)	-	-	-	-0.4%	-	22.1%
FCF growth (YoY)	-3.1%	0.5%	100.0%	-	287.9%	445.8%
FCF CAGR (5y)	3.7%	36.9%	92.1%	-	15.8%	-9.0%
Book value growth (YoY)	8.3%	4.5%	37.9%	-	200.6%	10.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-06-30.

Business segments

$1.71B total

Lasers Segment$1.13B · 66.1%

Materials Segment$516.77M · 30.3%

Networking Segment$61.97M · 3.6%

Geographic

$5.81B total

North America$3.56B · 61.4%

Europe$698.80M · 12.0%

CN$680.11M · 11.7%

Rest Of World$475.75M · 8.2%

JP$390.61M · 6.7%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

0.91

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Optical Instruments & Lenses

Company	Revenue (last FY)	Net margin	ROE
KLAC	$12.16B	33.4%	86.6%
MSAI	$5.55M	-211.0%	-36.6%
OPXS	$41.34M	12.5%	21.2%
OLIT	$28.08M	-6.4%	-18.8%
NVMI	$880.58M	29.4%	19.7%

Comparing COHERENT CORP. against the 5 most active filers in the same SIC group.