46/100BCoherent financials
Yes. Coherent earned 963.29M USD of net income over the last twelve months, 12.2% of its revenue. It made a profit in 38 of its 41 fiscal years since 1986. Its last loss was in fiscal year 2024.
- Revenue (TTM)
- 7.91B USD
- Net income (TTM)
- 963.29M USD
- Free cash flow (TTM)
- -1.03B USD
- Cash and short-term investments
- 1.75B USD
- Total debt
- 4.35B USD
- Shareholders' equity
- 11.33B USD
Cash, debt and equity as of 30 Sept 2026.
Coherent earnings
Revenue
EPS
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2028 | 2.98 | — | — | +42.53% | 3.23B | — | — | +36.21% | |
| Q4 FY2027 | 2.73 | — | — | +57.16% | 3.02B | — | — | +47.42% | |
| Q3 FY2027 | 2.48 | — | — | +75.65% | 2.78B | — | — | +53.82% | |
| Q2 FY2027 | 2.23 | — | — | +72.87% | 2.57B | — | — | +52.70% | |
| Q1 FY2027 | 1.99 | 2.09 | +5.03% | +80.17% | 2.31B | 2.37B | +2.67% | +49.89% | |
| Q4 FY2026 | 1.62 | 1.74 | +7.41% | +74.00% | 1.98B | 2.05B | +3.07% | +33.74% | |
| Q3 FY2026 | 1.40 | 1.41 | +0.71% | +54.95% | 1.78B | 1.81B | +1.34% | +20.54% | |
| Q2 FY2026 | 1.21 | 1.29 | +6.61% | +35.79% | 1.64B | 1.69B | +2.69% | +17.49% | |
| Q1 FY2026 | 1.04 | 1.16 | +11.54% | +56.76% | 1.55B | 1.58B | +1.75% | +17.30% | |
| Q4 FY2025 | 0.92 | 1.00 | +8.70% | +63.93% | 1.55B | 1.53B | -1.18% | +16.36% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2029 | 19.88 | — | — | +40.54% | 19.87B | — | — | +35.20% |
| FY2028 | 14.14 | — | — | +49.41% | 14.70B | — | — | +38.29% |
| FY2027 | 9.47 | — | — | +69.03% | 10.63B | — | — | +49.34% |
| FY2026 | 5.48 | 5.60 | +2.25% | +55.56% | 7.07B | 7.12B | +0.62% | +22.51% |
| FY2025 | 3.50 | 3.60 | +2.88% | +116.87% | 5.79B | 5.81B | +0.31% | +23.42% |
| FY2024 | -1.23 | 1.66 | +234.80% | -44.30% | 5.00B | 4.71B | -5.90% | -8.77% |
| FY2023 | 2.96 | 2.98 | +0.61% | -19.89% | 5.10B | 5.16B | +1.10% | +55.58% |
Coherent growth and profitability
Full income statement- Revenue (TTM)
- 7.91B USD
- Net income (TTM)
- 963.29M USD
- Gross margin
- 38.16%
- Operating margin
- 13.36%
- Net margin
- 12.18%
Revenue / Net income
How Coherent makes its money
FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Coherent revenue breakdown
By product
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Datacenter & Communications | 5.27B | 74.1% | — |
| Industrial | 1.84B | 25.9% | — |
By region
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| North America | 4.63B | 65.1% | +30.0% |
| Europe | 814.18M | 11.4% | +16.5% |
| China | 813.38M | 11.4% | +19.6% |
| Other Countries | 466.56M | 6.6% | — |
| Japan | 390.37M | 5.5% | -0.1% |
Operating and free cash flow
Full cash flow statementCoherent financial health
Full balance sheet- Cash and short-term investments
- 1.75B USD
- Total debt
- 4.35B USD
- Net cash
- -2.59B USD
- Free cash flow (TTM)
- -1.03B USD
- Current ratio
- 2.29
- Debt to equity
- 0.38
- Piotroski score
- 4 / 9
- Altman Z-score
- 3.30
Cash, debt and free cash flow
Assets, liabilities and equity
Coherent valuation
- Price to earnings ratio (TTM)
- 38.03
- Forward P/E (FY2027)
- 20.37
- Price to sales (TTM)
- 4.80
- Price to book
- 3.35
- EV / EBITDA (TTM)
- 23.67
Capital structure
Valuation over time
Coherent against its own history
Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Teledyne Technologies, Keysight Technologies, Flex, Jabil, Fortive, and Corning, the US Hardware, Equipment & Parts companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- Gross marginAbove its median37.5%30.9%38.2%Against its peers: 4 of 7Peers' median 37.2%
- Operating marginHighest in 5 years12.7%2.6%12.7%Against its peers: 5 of 7Peers' median 16.3%
- Net marginHighest in 5 years11.3%-5.0%11.3%Against its peers: 3 of 7Peers' median 10.7%
- Return on equityHighest in 5 years7.4%-3.6%7.4%Against its peers: 7 of 7Peers' median 14.0%
- Free cash flow marginLowest in 5 years-14.5%-14.5%4.2%Against its peers: 7 of 7Peers' median 13.3%
- Revenue growthAt its median22.5%-8.8%55.6%Against its peers: 1 of 7Peers' median 8.0%
- Debt to EBITDALowest in 5 years2.27×2.27×7.32×Against its peers: 5 of 7Peers' median 2.17×
- Current ratioBelow its median2.432.193.40Against its peers: 1 of 7Peers' median 1.47
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Coherent ownership
- Institutions
- 111.03%
- Institutional holders
- 1,386 (+215)
- Free float
- 95.54%
Who owns the shares
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 0 | 0.00 | 24.05K |
| Q3 2026 | 0 | 9 | 71.76K | 64.58K |
| Q2 2026 | 0 | 6 | 2.00K | 33.84K |
| Q1 2026 | 0 | 10 | 11.78K | 40.22K |
Shares outstanding
Common questions about Coherent's financials
Source: Financial Modeling Prep