Coherent (COHR) Financials

$377.36 -0.64 (-0.17%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$375.25 -2.11 (-0.56%)

As of 05/22/2026 08:00 PM Eastern

Annual Income Statements for Coherent

This table shows Coherent's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	66	65	95	88	108	-67	260	167	-404	-280	-81
Consolidated Net Income / (Loss)	66	65	95	88	108	-67	298	235	-259	-159	30
Net Income / (Loss) Continuing Operations	66	65	95	88	108	-67	298	235	-259	-159	30
Total Pre-Tax Income	79	90	119	122	129	-64	353	282	-356	-148	94
Total Operating Income	83	93	126	141	151	25	412	282	-356	-148	94
Total Gross Profit	272	313	388	462	521	791	1,177	1,265	1,618	1,456	2,043
Total Revenue	742	827	972	1,159	1,362	2,380	3,106	3,317	5,160	4,708	5,810
Operating Revenue	742	-	972	1,159	1,362	2,380	3,106	3,317	5,160	4,708	5,810
Total Cost of Revenue	470	514	584	697	841	1,589	1,928	2,051	3,542	3,252	3,767
Operating Cost of Revenue	470	514	584	697	841	1,589	1,928	2,051	3,542	3,252	3,767
Total Operating Expenses	189	220	263	322	370	766	765	984	1,974	1,604	1,949
Selling, General & Admin Expense	144	161	176	209	234	413	445	474	1,037	854	926
Research & Development Expense	51	60	97	117	139	339	330	377	500	479	582
Other Operating Expenses / (Income)	-6.18	-1.22	-10	-3.78	-2.56	14	-10	132	318	244	196
Impairment Charge	-	-	-	-	-	-	-	-	0.00	0.00	85
Restructuring Charge	-	-	-	-	-	-	0.00	0.00	119	27	160
Total Other Income / (Expense), net	-3.86	-3.08	-6.81	-18	-22	-89	-60	0.00	0.00	0.00	0.00
Income Tax Expense	13	24	24	34	21	3.10	55	47	-96	11	64
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	37	68	144	123	130
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	0.00	0.00	-2.61	-19
Basic Earnings per Share	$1.08	$1.07	$1.52	$1.41	$1.69	($0.79)	$2.50	$1.57	($2.93)	($1.84)	($0.52)
Weighted Average Basic Shares Outstanding	61.22M	61.37M	62.58M	62.50M	63.61M	105.72M	-	130.87M	150.40M	153.30M	155.81M
Diluted Earnings per Share	$1.05	$1.04	$1.48	$1.35	$1.63	($0.79)	$2.37	$1.45	($2.93)	($1.84)	($0.52)
Weighted Average Diluted Shares Outstanding	61.22M	61.37M	62.58M	62.50M	63.61M	105.72M	-	130.87M	150.40M	153.30M	155.81M
Weighted Average Basic & Diluted Shares Outstanding	61.22M	61.37M	62.58M	62.50M	63.61M	105.72M	-	130.87M	150.40M	153.30M	155.81M

This table shows Coherent's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-98	-58	-44	-80	-5.95	71	-17	-129	193	145	191
Consolidated Net Income / (Loss)	-68	-28	-16	-47	25	102	1.77	-98	225	144	182
Net Income / (Loss) Continuing Operations	-68	-28	-16	-47	25	102	1.77	-98	225	144	182
Total Pre-Tax Income	-88	-37	-32	9.91	19	128	9.89	-63	217	168	184
Total Operating Income	-88	-37	-32	-211	19	128	9.89	-63	102	168	175
Total Gross Profit	307	351	366	432	460	509	528	546	579	623	680
Total Revenue	1,053	1,131	1,209	1,314	1,348	1,435	1,498	1,529	1,581	1,686	1,806
Operating Revenue	1,053	1,131	1,209	1,314	1,348	1,435	1,498	1,529	1,581	1,686	1,806
Total Cost of Revenue	746	781	842	882	888	925	970	983	1,002	1,063	1,126
Operating Cost of Revenue	746	781	842	882	888	925	970	983	1,002	1,063	1,126
Total Operating Expenses	395	388	398	643	441	381	518	610	478	455	505
Selling, General & Admin Expense	212	209	205	228	229	221	231	245	252	258	268
Research & Development Expense	113	111	127	127	132	144	151	156	155	166	186
Other Operating Expenses / (Income)	67	69	54	274	56	8.46	62	69	42	16	16
Impairment Charge	-	-	-	-	0.00	0.00	0.00	-	9.10	11	0.00
Restructuring Charge	3.02	-1.57	12	14	24	8.02	74	54	19	3.61	34
Total Other Income / (Expense), net	0.00	0.00	0.00	221	0.00	0.00	0.00	-	115	0.00	8.92
Other Income / (Expense), net	-	-	-	-	0.00	0.00	0.00	-	115	0.00	8.92
Income Tax Expense	-21	-8.93	-16	57	-5.56	27	8.13	35	-8.31	24	2.67
Preferred Stock Dividends Declared	30	31	31	31	32	32	33	33	33	1.62	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-1.48	-2.54	-	-1.03	-1.84	-14	-2.49	-1.15	-2.90	-9.73
Basic Earnings per Share	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.46	($0.11)	($0.83)	$1.24	$0.87	$1.01
Weighted Average Basic Shares Outstanding	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M	155.44M	155.81M	157.15M	187.48M	195.64M
Diluted Earnings per Share	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.44	($0.11)	($0.81)	$1.19	$0.76	$0.97
Weighted Average Diluted Shares Outstanding	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M	155.44M	155.81M	157.15M	187.48M	195.64M
Weighted Average Basic & Diluted Shares Outstanding	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M	155.44M	155.81M	157.15M	187.48M	195.64M

This table details how cash moves in and out of Coherent's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-1.03	45	53	-25	-42	288	1,099	990	-1,745	952	-157
Net Cash From Operating Activities	129	123	119	161	178	297	574	413	634	546	634
Net Cash From Continuing Operating Activities	129	122	119	161	178	297	574	413	634	546	634
Net Income / (Loss) Continuing Operations	66	65	95	88	108	-67	298	235	-259	-159	30
Consolidated Net Income / (Loss)	66	65	95	88	108	-67	298	235	-259	-159	30
Depreciation Expense	41	44	51	66	76	157	188	207	268	272	251
Amortization Expense	12	12	13	25	29	86	103	98	434	306	323
Non-Cash Adjustments To Reconcile Net Income	14	9.60	12	13	22	88	92	99	255	62	337
Changes in Operating Assets and Liabilities, net	-3.89	-9.75	-52	-30	-56	34	-106	-226	-63	65	-307
Net Cash From Investing Activities	-52	-135	-177	-285	-224	-1,179	-173	-320	-5,929	-351	-414
Net Cash From Continuing Investing Activities	-52	-135	-177	-285	-224	-1,179	-173	-320	-5,929	-351	-414
Purchase of Property, Plant & Equipment	-52	-58	-139	-153	-137	-137	-146	-314	-436	-347	-441
Acquisitions	0.00	-122	-40	-81	-83	-1,037	-34	0.00	-5,489	0.00	0.00
Divestitures	0.00	45	-	-	-	-	-	-	0.00	0.00	27
Other Investing Activities, net	0.07	0.16	1.29	-51	-3.79	-5.80	7.77	-5.75	-4.01	-3.90	-0.38
Net Cash From Financing Activities	-76	61	112	97	4.88	1,174	676	863	3,554	758	-452
Net Cash From Continuing Financing Activities	-76	61	112	97	4.88	1,174	676	863	3,554	758	-452
Repayment of Debt	-68	-65	-26	-302	-145	-941	-928	-89	-1,461	-249	-490
Repurchase of Common Equity	-13	-6.28	0.00	-50	-1.62	-1.63	-59	0.00	-42	-32	0.00
Payment of Dividends	-	-	-	-	0.00	0.00	-20	-35	-28	0.00	-11
Issuance of Debt	3.00	125	129	445	150	2,131	0.00	990	3,715	19	54
Issuance of Preferred Equity	-	-	-	-	0.00	0.00	1,210	0.00	1,400	0.00	0.00
Issuance of Common Equity	-	-	-	-	0.00	0.00	460	18	24	1,042	50
Other Financing Activities, net	1.76	7.65	8.96	3.91	1.61	-15	13	-21	-54	-22	-54
Other Net Changes in Cash	-	-	0.50	2.12	-1.54	-3.45	22	34	-4.22	-1.17	76
Cash Interest Paid	-	-	-	6.56	-	62	37	57	283	313	257
Cash Income Taxes Paid	-	-	-	-	-	40	60	50	90	97	167

This table details how cash moves in and out of Coherent's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	107	876	-28	-2.77	-7.23	-114	-43	6.88	-80	-24	697
Net Cash From Operating Activities	199	67	117	162	153	187	163	130	46	58	-94
Net Cash From Continuing Operating Activities	199	67	117	162	153	187	163	130	46	58	-94
Net Income / (Loss) Continuing Operations	-68	-28	-16	-47	25	102	1.77	-98	225	144	182
Consolidated Net Income / (Loss)	-68	-28	-16	-47	25	102	1.77	-98	225	144	182
Depreciation Expense	66	67	67	72	66	63	59	63	53	56	62
Amortization Expense	76	77	77	76	77	77	92	76	79	73	73
Non-Cash Adjustments To Reconcile Net Income	32	10	18	1.58	65	19	82	171	-77	34	51
Changes in Operating Assets and Liabilities, net	92	-58	-29	60	-80	-73	-73	-81	-234	-249	-463
Net Cash From Investing Activities	-64	-91	-93	-102	-66	-106	-112	-131	297	-139	-1,049
Net Cash From Continuing Investing Activities	-64	-91	-93	-102	-66	-106	-112	-131	297	-139	-1,049
Purchase of Property, Plant & Equipment	-62	-91	-93	-100	-92	-106	-112	-131	-104	-154	-290
Divestitures	0.00	-	-	-	27	-	-	-	401	17	69
Other Investing Activities, net	-1.98	-	-0.14	-1.78	-0.75	-0.38	0.09	0.66	-0.02	-1.50	-3.50
Net Cash From Financing Activities	-18	877	-39	-62	-126	-141	-120	-65	-421	43	1,854
Net Cash From Continuing Financing Activities	-18	877	-39	-62	-126	-141	-120	-65	-421	43	1,854
Repayment of Debt	-19	-89	-77	-64	-118	-133	-170	-69	-1,736	-183	-476
Issuance of Debt	-	-	19	-	0.00	-	-	18	1,342	225	315
Issuance of Common Equity	15	1,001	20	6.20	24	4.83	18	2.11	21	8.81	2,022
Other Financing Activities, net	-14	-3.69	-1.26	-3.49	-32	-13	-3.90	-5.05	-37	-7.17	-6.96
Other Net Changes in Cash	-	-	-13	-1.77	31	-	-	-	-1.28	13	-14
Cash Interest Paid	67	92	65	88	63	79	45	69	41	62	32
Cash Income Taxes Paid	15	23	16	43	34	32	41	59	49	51	67

This table presents Coherent's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	1,058	1,212	1,477	1,762	1,954	5,235	6,513	7,845	13,711	14,489	14,911
Total Current Assets	513	583	702	762	813	1,789	3,027	4,305	3,252	3,660	3,927
Cash & Equivalents	174	218	272	247	205	493	1,592	2,582	821	926	909
Restricted Cash	-	-	-	-	-	-	-	-	12	174	8.90
Short-Term Investments	-	-	-	-	-	-	-	-	-	-	0.00
Accounts Receivable	141	165	193	215	270	598	659	700	902	849	964
Inventories, net	164	175	204	248	296	620	696	903	1,272	1,286	1,438
Prepaid Expenses	14	18	27	44	30	66	68	100	217	398	552
Current Deferred & Refundable Income Taxes	20	6.54	6.73	7.85	12	12	13	20	28	27	56
Plant, Property, & Equipment, net	204	243	368	525	583	1,215	1,243	1,363	1,782	1,817	1,878
Total Noncurrent Assets	341	386	407	475	558	2,231	2,242	2,176	8,677	9,011	9,106
Goodwill	196	234	250	271	320	1,239	1,297	1,286	4,513	4,464	4,471
Intangible Assets	122	125	134	125	139	758	718	635	3,815	3,503	3,205
Noncurrent Deferred & Refundable Income Taxes	2.21	7.85	3.02	2.05	8.52	23	33	32	38	41	53
Other Noncurrent Operating Assets	8.90	8.61	8.22	7.93	14	211	194	224	312	1,003	1,377
Total Liabilities & Shareholders' Equity	1,058	1,212	1,477	1,762	1,954	5,235	6,513	7,845	13,711	14,489	14,911
Total Liabilities	329	430	577	737	821	3,158	2,380	3,462	6,482	6,542	6,430
Total Current Liabilities	139	171	185	236	271	673	730	1,267	1,079	1,344	1,795
Short-Term Debt	20	20	20	20	24	69	62	403	75	74	188
Accounts Payable	45	54	66	90	104	269	294	435	405	632	847
Accrued Expenses	25	26	29	43	50	119	146	200	310	295	336
Current Deferred & Payable Income Tax Liabilities	10.00	13	12	17	20	33	20	29	74	91	124
Current Employee Benefit Liabilities	39	59	58	66	72	158	181	172	176	212	259
Other Current Liabilities	-	-	-	-	0.00	25	25	28	38	41	42
Total Noncurrent Liabilities	190	258	392	501	550	2,485	1,651	2,195	5,403	5,199	4,635
Long-Term Debt	156	215	322	419	443	2,186	1,313	1,897	4,235	4,026	3,499
Noncurrent Deferred & Payable Income Tax Liabilities	7.11	11	15	27	24	46	74	77	780	784	712
Other Noncurrent Operating Liabilities	27	32	54	55	83	253	264	220	388	388	424
Redeemable Noncontrolling Interest	-	-	-	-	-	0.00	726	767	2,241	2,365	2,483
Total Equity & Noncontrolling Interests	729	782	901	1,024	1,133	2,077	3,406	3,616	4,988	5,582	5,998
Total Preferred & Common Equity	729	782	901	1,024	1,133	2,077	3,406	3,616	4,988	5,210	5,645
Total Common Equity	729	782	901	1,024	1,133	2,077	2,961	3,171	4,542	5,210	6,013
Common Stock	227	244	270	352	382	1,487	2,028	2,065	3,781	4,858	5,056
Retained Earnings	587	653	748	836	944	877	1,137	1,348	944	665	584
Treasury Stock	-93	-100	-103	-160	-169	-199	-218	-239	-293	-315	-368
Accumulated Other Comprehensive Income / (Loss)	8.67	-14	-14	-3.78	-24	-87	14	-2.17	110	2.64	372
Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	371	354

This table presents Coherent's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	14,109	14,118	13,521	14,663	14,520	14,699	14,197	14,445	14,699	15,088	17,287
Total Current Assets	3,416	3,407	3,244	3,422	3,550	3,630	3,497	3,700	4,042	4,393	6,445
Cash & Equivalents	913	901	941	856	899	1,020	918	890	853	864	1,593
Restricted Cash	-	-	-	177	184	51	12	19	23	35	42
Short-Term Investments	-	-	-	-	-	-	-	-	-	-	825
Accounts Receivable	957	924	796	856	956	820	892	1,010	1,027	1,055	1,188
Inventories, net	1,367	1,394	1,281	1,292	1,292	1,386	1,345	1,392	1,633	1,848	2,127
Prepaid Expenses	154	161	206	217	202	328	307	364	462	548	625
Current Deferred & Refundable Income Taxes	25	26	20	24	19	25	24	25	45	44	45
Plant, Property, & Equipment, net	1,876	1,911	1,775	1,849	1,851	1,875	1,890	1,936	1,944	2,117	2,420
Total Noncurrent Assets	8,817	8,800	8,502	9,392	9,119	9,194	8,810	8,809	8,713	8,577	8,421
Goodwill	4,427	4,505	4,460	4,566	4,493	4,596	4,391	4,458	4,475	4,463	4,402
Intangible Assets	4,029	3,954	3,696	3,705	3,586	3,515	3,314	3,283	3,133	3,064	2,958
Noncurrent Deferred & Refundable Income Taxes	31	34	39	48	39	54	54	53	54	69	72
Other Noncurrent Operating Assets	331	307	307	1,074	1,000	1,030	1,052	1,016	1,051	981	989
Total Liabilities & Shareholders' Equity	14,109	14,118	13,521	14,663	14,520	14,699	14,197	14,445	14,699	15,088	17,287
Total Liabilities	6,748	6,667	6,418	6,517	6,481	6,431	6,232	6,276	6,011	6,199	6,271
Total Current Liabilities	1,133	1,107	1,083	1,188	1,311	1,358	1,309	1,497	1,736	1,951	2,113
Short-Term Debt	75	75	75	75	75	70	27	4.67	48	106	9.01
Accounts Payable	429	429	449	504	594	690	690	777	954	1,119	1,343
Accrued Expenses	306	311	281	272	309	258	239	313	318	312	333
Current Deferred & Payable Income Tax Liabilities	75	74	58	112	116	102	99	117	164	128	99
Current Employee Benefit Liabilities	208	178	183	187	177	197	214	242	210	243	277
Other Current Liabilities	39	40	37	38	38	42	41	43	41	43	52
Total Noncurrent Liabilities	5,615	5,559	5,335	5,329	5,171	5,073	4,923	4,779	4,275	4,248	4,158
Long-Term Debt	4,423	4,350	4,219	4,137	4,083	3,919	3,833	3,727	3,259	3,245	3,185
Noncurrent Deferred & Payable Income Tax Liabilities	826	847	743	814	748	751	713	674	630	643	606
Other Noncurrent Operating Liabilities	366	362	373	378	340	403	377	378	387	360	367
Redeemable Noncontrolling Interest	2,182	2,212	2,272	2,302	2,333	2,397	2,429	2,462	2,505	0.00	0.00
Total Equity & Noncontrolling Interests	5,179	5,239	4,832	5,844	5,706	5,872	5,536	5,707	6,182	8,888	11,016
Total Preferred & Common Equity	5,179	5,239	4,832	5,471	5,335	5,501	5,168	5,353	5,830	8,539	10,677
Total Common Equity	4,733	4,794	4,832	5,471	5,335	5,501	5,168	5,716	6,236	8,952	11,097
Common Stock	3,704	3,755	4,287	4,786	4,835	4,914	4,957	5,014	5,119	7,674	9,741
Retained Earnings	1,193	1,159	847	789	745	659	730	713	777	922	1,114
Treasury Stock	-290	-291	-307	-311	-312	-345	-359	-363	-406	-413	-420
Accumulated Other Comprehensive Income / (Loss)	126	170	5.05	206	67	273	-160	-11	340	355	242
Noncontrolling Interest	-	-	-	373	370	371	368	355	352	349	339

This table displays calculated financial ratios and metrics derived from Coherent's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.59%	11.49%	17.51%	19.21%	17.58%	74.68%	30.50%	6.78%	55.58%	-8.77%	23.42%
EBITDA Growth	31.82%	10.03%	26.41%	22.27%	10.71%	4.83%	161.92%	-16.48%	-41.10%	24.22%	55.33%
EBIT Growth	65.55%	12.13%	35.00%	11.90%	7.60%	-83.15%	1,518.81%	-31.68%	-226.17%	58.47%	163.79%
NOPAT Growth	64.46%	-2.12%	48.73%	0.48%	24.71%	-85.87%	1,851.60%	-32.56%	-206.02%	58.47%	129.08%
Net Income Growth	71.59%	-0.74%	45.49%	-7.63%	22.18%	-162.34%	543.92%	-21.10%	-210.52%	38.81%	118.93%
EPS Growth	75.00%	-0.95%	42.31%	-8.78%	20.74%	-148.47%	400.00%	-38.82%	-302.07%	37.20%	71.74%
Operating Cash Flow Growth	35.52%	-4.94%	-3.54%	35.74%	10.84%	66.57%	93.19%	-28.04%	53.39%	-13.93%	16.10%
Free Cash Flow Firm Growth	159.53%	-100.78%	-11,124.96%	-23.43%	47.25%	-5,526.88%	113.50%	-85.92%	-14,079.13%	94.97%	20.55%
Invested Capital Growth	-1.54%	9.50%	21.72%	19.61%	15.00%	196.83%	0.00%	4.74%	161.02%	2.25%	2.77%
Revenue Q/Q Growth	1.20%	5.72%	3.43%	4.26%	3.15%	19.21%	2.03%	2.44%	6.57%	2.38%	3.84%
EBITDA Q/Q Growth	6.17%	4.96%	6.06%	7.88%	-1.52%	41.12%	5.48%	-17.73%	-45.41%	64.79%	-10.99%
EBIT Q/Q Growth	10.28%	6.93%	5.70%	2.28%	0.72%	6,225.24%	11.06%	-31.75%	-672.67%	60.97%	-43.77%
NOPAT Q/Q Growth	5.68%	-3.89%	24.69%	-3.99%	1.12%	6,225.24%	5.52%	-32.19%	-672.67%	60.97%	-62.96%
Net Income Q/Q Growth	7.17%	-4.00%	23.78%	-5.86%	0.81%	25.74%	11.64%	-14.14%	-590.27%	45.25%	-62.96%
EPS Q/Q Growth	7.14%	-3.70%	22.31%	-4.93%	-99.57%	99.79%	-0.84%	-20.33%	-154.78%	35.89%	-126.09%
Operating Cash Flow Q/Q Growth	14.93%	-1.54%	-1.24%	4.43%	10.54%	61.07%	-7.90%	2.43%	7.50%	-3.40%	-4.81%
Free Cash Flow Firm Q/Q Growth	24.43%	98.38%	-362.52%	44.57%	-7.97%	-2.56%	25.66%	-65.27%	-0.27%	14.96%	-233.50%
Invested Capital Q/Q Growth	-1.69%	-6.33%	7.14%	-0.88%	-0.41%	2.01%	0.62%	0.12%	-2.46%	-1.52%	2.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.61%	37.82%	39.95%	39.89%	38.26%	33.24%	37.91%	38.16%	31.36%	30.93%	35.17%
EBITDA Margin	18.34%	18.10%	19.47%	19.97%	18.80%	11.28%	22.64%	17.71%	6.70%	9.13%	11.49%
Operating Margin	11.18%	11.25%	12.92%	12.13%	11.10%	1.07%	13.28%	8.50%	-6.89%	-3.14%	1.62%
EBIT Margin	11.18%	11.25%	12.92%	12.13%	11.10%	1.07%	13.28%	8.50%	-6.89%	-3.14%	1.62%
Profit (Net Income) Margin	8.89%	7.92%	9.80%	7.59%	7.89%	-2.82%	9.58%	7.08%	-5.03%	-3.37%	0.52%
Tax Burden Percent	83.39%	72.80%	80.21%	72.02%	83.47%	104.85%	84.39%	83.30%	72.97%	107.53%	31.91%
Interest Burden Percent	95.34%	96.69%	94.58%	86.94%	85.18%	-250.89%	85.48%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	16.61%	27.20%	19.79%	27.98%	16.53%	0.00%	15.61%	16.70%	0.00%	0.00%	68.09%
Return on Invested Capital (ROIC)	9.54%	8.99%	11.53%	9.61%	10.24%	0.68%	8.89%	5.86%	-3.36%	-0.95%	0.27%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.43%	118.85%	-5.56%	-4.98%	-1.89%	551.15%	32.21%	5.86%	-4.02%	-2.67%	0.27%
Return on Net Nonoperating Assets (RNNOA)	-0.15%	-0.32%	-0.21%	-0.47%	-0.27%	-3.23%	-1.69%	-0.34%	-1.11%	-1.14%	0.10%
Return on Equity (ROE)	9.40%	8.67%	11.32%	9.14%	9.97%	-2.55%	7.20%	5.51%	-4.47%	-2.09%	0.37%
Cash Return on Invested Capital (CROIC)	11.10%	-0.08%	-8.06%	-8.25%	-3.72%	-98.52%	8.89%	1.22%	-92.57%	-3.18%	-2.47%
Operating Return on Assets (OROA)	7.79%	8.20%	9.34%	8.68%	8.14%	0.60%	6.33%	3.93%	-3.30%	-1.05%	0.64%
Return on Assets (ROA)	6.19%	5.77%	7.09%	5.43%	5.79%	-1.58%	4.57%	3.27%	-2.41%	-1.13%	0.20%
Return on Common Equity (ROCE)	9.40%	8.67%	11.32%	9.14%	9.97%	-1.98%	5.16%	3.97%	-2.97%	-1.34%	0.24%
Return on Equity Simple (ROE_SIMPLE)	9.05%	8.37%	10.58%	8.59%	9.49%	-1.97%	8.74%	6.49%	-5.20%	-3.05%	0.00%
Net Operating Profit after Tax (NOPAT)	69	68	101	101	126	18	348	235	-249	-103	30
NOPAT Margin	9.33%	8.19%	10.36%	8.73%	9.26%	0.75%	11.21%	7.08%	-4.82%	-2.20%	0.52%
Net Nonoperating Expense Percent (NNEP)	13.97%	-109.87%	17.09%	14.59%	12.12%	-550.47%	-23.32%	0.00%	0.66%	1.71%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	0.31%
Cost of Revenue to Revenue	63.39%	62.18%	60.05%	60.11%	61.74%	66.76%	62.09%	61.84%	68.64%	69.07%	64.83%
SG&A Expenses to Revenue	19.35%	19.42%	18.11%	18.00%	17.14%	17.34%	14.34%	14.29%	20.09%	18.14%	15.95%
R&D to Revenue	6.91%	7.30%	9.96%	10.09%	10.21%	14.25%	10.63%	11.37%	9.68%	10.17%	10.02%
Operating Expenses to Revenue	25.42%	26.57%	27.03%	27.76%	27.16%	32.17%	24.63%	29.66%	38.25%	34.06%	33.55%
Earnings before Interest and Taxes (EBIT)	83	93	126	141	151	25	412	282	-356	-148	94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	136	150	189	231	256	269	703	587	346	430	668
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.59	1.48	2.40	2.65	2.05	1.46	2.57	1.71	1.56	2.12	2.46
Price to Tangible Book Value (P/TBV)	2.82	2.73	4.19	4.32	3.45	4.56	8.05	4.34	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.56	1.40	2.23	2.35	1.70	1.81	2.45	1.64	1.38	2.35	2.39
Price to Earnings (P/E)	17.57	17.67	22.73	30.88	21.60	0.00	29.25	32.57	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.69%	5.66%	4.40%	3.24%	4.63%	0.00%	3.42%	3.07%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.60	1.48	2.32	2.48	1.90	1.34	2.19	1.55	1.24	1.53	1.73
Enterprise Value to Revenue (EV/Rev)	1.55	1.41	2.29	2.45	1.84	2.21	2.76	1.92	2.57	3.57	3.35
Enterprise Value to EBITDA (EV/EBITDA)	8.45	7.77	11.75	12.28	9.79	19.60	12.18	10.82	38.35	39.05	29.17
Enterprise Value to EBIT (EV/EBIT)	13.85	12.50	17.71	20.21	16.59	206.57	20.77	22.55	0.00	0.00	206.76
Enterprise Value to NOPAT (EV/NOPAT)	16.61	17.17	22.07	28.06	19.87	295.10	24.61	27.07	0.00	0.00	647.85
Enterprise Value to Operating Cash Flow (EV/OCF)	8.89	9.46	18.75	17.64	14.05	17.71	14.92	15.37	20.93	30.75	30.73
Enterprise Value to Free Cash Flow (EV/FCFF)	14.29	0.00	0.00	0.00	0.00	0.00	24.61	129.62	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.30	0.38	0.43	0.41	0.33	0.33	0.52	0.60	0.52	0.43
Long-Term Debt to Equity	0.21	0.28	0.36	0.41	0.39	0.32	0.32	0.43	0.59	0.51	0.41
Financial Leverage	0.03	0.00	0.04	0.09	0.14	-0.01	-0.05	-0.06	0.28	0.43	0.35
Leverage Ratio	1.52	1.50	1.60	1.68	1.72	1.61	1.58	1.69	1.86	1.86	1.79
Compound Leverage Factor	1.45	1.45	1.51	1.46	1.47	-4.03	1.35	1.69	1.86	1.86	1.79
Debt to Total Capital	19.44%	23.12%	27.53%	30.00%	29.18%	24.97%	24.97%	34.42%	37.35%	34.04%	30.30%
Short-Term Debt to Total Capital	2.21%	1.97%	1.61%	1.37%	1.49%	1.13%	1.13%	6.03%	0.65%	0.61%	1.55%
Long-Term Debt to Total Capital	17.23%	21.16%	25.92%	28.63%	27.69%	23.84%	23.84%	28.39%	36.70%	33.42%	28.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	8.09%	8.09%	6.66%	3.86%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	13.19%	13.19%	11.47%	19.43%	22.71%	23.31%
Common Equity to Total Capital	80.56%	76.88%	72.48%	70.00%	70.82%	53.76%	53.76%	47.45%	39.37%	43.25%	46.39%
Debt to EBITDA	1.29	1.57	1.81	1.90	1.82	5.12	1.96	3.92	12.46	9.54	5.52
Net Debt to EBITDA	-0.07	0.04	0.31	0.53	0.73	-0.81	-0.31	-0.48	10.05	6.98	4.15
Long-Term Debt to EBITDA	1.15	1.44	1.70	1.81	1.73	4.89	1.87	3.23	12.24	9.37	5.24
Debt to NOPAT	2.54	3.47	3.40	4.34	3.70	77.10	3.95	9.80	-17.32	-39.67	122.66
Net Debt to NOPAT	-0.14	0.08	0.58	1.21	1.47	-12.15	-0.62	-1.20	-13.97	-29.03	92.12
Long-Term Debt to NOPAT	2.25	3.18	3.20	4.14	3.51	73.62	3.77	8.08	-17.02	-38.96	116.40
Altman Z-Score	4.27	3.71	4.32	4.15	3.66	2.13	3.27	2.19	1.24	1.56	1.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	22.25%	28.35%	27.99%	33.58%	35.74%	33.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.69	3.40	3.80	3.22	3.00	4.15	4.15	3.40	3.01	2.72	2.19
Quick Ratio	2.26	2.24	2.52	1.95	1.75	3.09	3.09	2.59	1.60	1.32	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	80	-0.63	-70	-87	-46	-2,579	348	49	-6,853	-344	-274
Operating Cash Flow to CapEx	247.29%	211.40%	85.63%	104.94%	130.16%	217.20%	392.49%	131.50%	145.40%	157.35%	143.73%
Free Cash Flow to Firm to Interest Expense	20.83	-0.20	-10.34	-4.73	-2.04	-28.84	5.81	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	33.49	39.91	17.42	8.77	7.96	3.33	9.59	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	19.95	21.03	-2.92	0.41	1.84	1.79	7.15	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.73	0.72	0.72	0.73	0.56	0.48	0.46	0.48	0.33	0.40
Accounts Receivable Turnover	5.35	5.41	5.43	5.67	5.62	5.13	4.71	4.88	6.44	5.38	6.41
Inventory Turnover	2.85	3.03	3.08	3.08	3.09	3.20	2.77	2.57	3.26	2.54	2.77
Fixed Asset Turnover	3.60	3.70	3.18	2.60	2.46	2.61	2.50	2.55	3.28	2.62	3.15
Accounts Payable Turnover	10.33	10.38	9.78	8.97	8.66	7.97	6.55	5.62	8.43	6.27	5.10
Days Sales Outstanding (DSO)	68.26	67.42	67.25	64.32	64.92	71.20	77.44	74.80	56.65	67.84	56.93
Days Inventory Outstanding (DIO)	128.14	120.46	118.45	118.41	118.15	113.95	131.70	142.22	112.07	143.61	131.98
Days Payable Outstanding (DPO)	35.32	35.15	37.31	40.69	42.14	45.82	55.74	64.90	43.29	58.19	71.63
Cash Conversion Cycle (CCC)	161.07	152.73	148.39	142.04	140.93	139.33	153.40	152.11	125.43	153.26	117.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	719	788	959	1,147	1,319	3,916	3,916	4,101	10,705	10,946	11,250
Invested Capital Turnover	1.02	1.10	1.11	1.10	1.10	0.91	0.79	0.83	0.70	0.43	0.52
Increase / (Decrease) in Invested Capital	-11	68	171	188	172	2,596	0.00	186	6,604	241	304
Enterprise Value (EV)	1,149	1,163	2,224	2,840	2,508	5,264	8,568	6,354	13,269	16,784	19,472
Market Capitalization	1,159	1,157	2,165	2,718	2,322	4,309	7,614	5,424	7,105	11,047	13,867
Book Value per Share	$11.94	$12.68	$14.27	$16.38	$17.84	$32.45	$28.23	$29.79	$32.59	$34.17	$36.31
Tangible Book Value per Share	$6.73	$6.87	$8.18	$10.05	$10.61	$10.36	$9.02	$11.74	($27.16)	($18.09)	($13.07)
Total Capital	905	1,018	1,243	1,463	1,600	5,507	5,507	6,684	11,539	12,046	12,168
Total Debt	176	235	342	439	467	1,375	1,375	2,300	4,310	4,100	3,687
Total Long-Term Debt	156	215	322	419	443	1,313	1,313	1,897	4,235	4,026	3,499
Net Debt	-9.59	5.51	58	123	186	-217	-217	-282	3,476	3,000	2,769
Capital Expenditures (CapEx)	52	58	139	153	137	137	146	314	436	347	441
Debt-free, Cash-free Net Working Capital (DFCFNWC)	220	213	265	298	361	768	768	859	1,415	1,290	1,403
Debt-free Net Working Capital (DFNWC)	394	432	537	545	566	2,360	2,360	3,441	2,248	2,390	2,321
Net Working Capital (NWC)	374	412	517	525	542	2,298	2,298	3,038	2,173	2,316	2,132
Net Nonoperating Expense (NNE)	3.22	2.24	5.46	13	19	85	51	0.00	11	55	0.00
Net Nonoperating Obligations (NNO)	-9.59	5.51	58	123	186	-217	-217	-282	3,476	3,000	2,769
Total Depreciation and Amortization (D&A)	53	57	64	91	105	243	291	306	702	577	573
Debt-free, Cash-free Net Working Capital to Revenue	29.68%	25.78%	27.31%	25.75%	26.52%	32.27%	24.73%	25.90%	27.42%	27.40%	24.14%
Debt-free Net Working Capital to Revenue	53.08%	52.19%	55.28%	47.06%	41.55%	99.15%	75.98%	103.76%	43.57%	50.77%	39.94%
Net Working Capital to Revenue	50.38%	49.77%	53.22%	45.34%	39.81%	96.54%	73.98%	91.61%	42.12%	49.20%	36.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.57	($2.93)	($1.84)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	130.87M	150.40M	153.30M	155.81M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.45	($2.93)	($1.84)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	130.87M	150.40M	153.30M	155.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	130.87M	150.40M	153.30M	155.81M
Normalized Net Operating Profit after Tax (NOPAT)	69	68	101	101	126	18	348	235	-166	-84	237
Normalized NOPAT Margin	9.33%	8.19%	10.36%	8.73%	9.26%	0.75%	11.21%	7.08%	-3.21%	-1.79%	4.09%
Pre Tax Income Margin	10.66%	10.87%	12.22%	10.54%	9.45%	-2.69%	11.35%	8.50%	-6.89%	-3.14%	1.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.48	30.20	18.45	7.66	6.75	0.29	6.89	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	17.91	21.98	14.79	5.52	5.63	0.20	5.81	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	7.94	11.32	-1.90	-0.70	0.63	-1.25	4.44	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	4.37	3.10	-5.55	-2.85	-0.49	-1.33	3.37	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.83%	14.70%	-10.64%	0.00%	38.05%
Augmented Payout Ratio	19.29%	9.60%	0.00%	56.67%	1.50%	-2.42%	26.52%	14.70%	-26.83%	-20.05%	38.05%

This table displays calculated financial ratios and metrics derived from Coherent's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	187,481,852.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	187,481,852.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-21.68%	-17.43%	-2.53%	9.07%	28.02%	26.80%	23.91%	16.36%	17.30%	17.49%	20.55%
EBITDA Growth	-67.02%	-40.62%	-21.83%	72.92%	203.07%	153.00%	43.94%	-52.19%	114.79%	10.69%	98.00%
EBIT Growth	-912.23%	-922.13%	-41.93%	52.25%	121.86%	443.26%	131.05%	-740.05%	1,023.59%	30.83%	1,763.97%
NOPAT Growth	-912.23%	-922.13%	-41.93%	423.76%	140.22%	487.79%	107.92%	5.60%	324.64%	41.63%	9,694.92%
Net Income Growth	-74.52%	36.82%	-717.83%	73.62%	136.81%	456.60%	111.22%	-108.64%	805.82%	41.63%	10,193.09%
EPS Growth	-16.07%	34.48%	-20.83%	66.45%	93.85%	215.79%	62.07%	-55.77%	3,075.00%	72.73%	981.82%
Operating Cash Flow Growth	149.82%	-69.54%	-22.96%	-10.58%	-23.05%	178.97%	38.77%	-19.74%	-69.96%	-69.10%	-157.56%
Free Cash Flow Firm Growth	105.37%	94.21%	98.37%	110.98%	-291.06%	231.02%	177.28%	-20.83%	124.40%	-156.86%	-566.33%
Invested Capital Growth	-3.96%	3.46%	1.28%	2.25%	6.98%	-3.79%	-1.11%	2.77%	-0.59%	4.09%	6.90%
Revenue Q/Q Growth	-12.61%	7.44%	6.84%	8.73%	2.57%	6.42%	4.41%	2.11%	3.40%	6.59%	7.12%
EBITDA Q/Q Growth	123.15%	97.37%	2.53%	-133.90%	359.07%	64.77%	-39.62%	-53.30%	362.26%	-15.09%	8.01%
EBIT Q/Q Growth	80.00%	57.64%	9.74%	-615.33%	109.16%	565.20%	-92.30%	-741.21%	442.01%	-22.55%	9.74%
NOPAT Q/Q Growth	80.00%	57.64%	9.74%	3,394.07%	-97.51%	308.44%	-98.26%	-2,615.08%	337.82%	36.23%	20.21%
Net Income Q/Q Growth	62.11%	57.84%	44.76%	-198.95%	152.87%	308.44%	-98.26%	-5,658.70%	329.53%	-36.14%	26.33%
EPS Q/Q Growth	58.06%	41.54%	23.68%	-79.31%	92.31%	1,200.00%	-125.00%	-636.36%	246.91%	-36.13%	27.63%
Operating Cash Flow Q/Q Growth	9.51%	-66.21%	74.83%	38.23%	-5.76%	22.49%	-13.03%	-20.05%	-64.73%	25.99%	-262.00%
Free Cash Flow Firm Q/Q Growth	105.34%	-209.76%	68.37%	780.74%	-192.82%	175.27%	-76.33%	-377.18%	149.42%	-275.39%	-94.11%
Invested Capital Q/Q Growth	-2.32%	8.30%	-1.85%	-1.52%	2.19%	-2.60%	0.88%	2.36%	-1.16%	1.99%	3.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.14%	30.99%	30.32%	32.86%	34.13%	35.50%	35.23%	35.71%	36.63%	36.95%	37.66%
EBITDA Margin	5.09%	9.36%	15.31%	-4.77%	12.06%	18.67%	10.80%	4.94%	22.08%	17.59%	17.73%
Operating Margin	-8.38%	-3.31%	3.38%	-16.04%	1.43%	8.95%	0.66%	-4.15%	6.43%	9.97%	9.72%
EBIT Margin	-8.38%	-3.31%	3.38%	-16.04%	1.43%	8.95%	0.66%	-4.15%	13.72%	9.97%	10.21%
Profit (Net Income) Margin	-6.41%	-2.52%	-1.30%	-3.58%	1.84%	7.08%	0.12%	-6.41%	14.24%	8.53%	10.06%
Tax Burden Percent	76.49%	76.12%	49.39%	-474.62%	128.79%	79.08%	17.85%	154.71%	103.83%	85.61%	98.55%
Interest Burden Percent	100.00%	100.00%	-77.87%	-4.70%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	574.62%	-28.79%	20.92%	82.15%	0.00%	-3.83%	14.39%	1.45%
Return on Invested Capital (ROIC)	-2.68%	-0.96%	0.99%	33.10%	0.85%	3.38%	0.06%	-1.52%	3.62%	4.83%	5.56%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.84%	-1.03%	-0.36%	0.75%	0.85%	3.38%	0.06%	-3.38%	8.09%	4.83%	6.05%
Return on Net Nonoperating Assets (RNNOA)	-1.41%	-0.45%	-0.15%	0.32%	0.35%	1.28%	0.02%	-1.19%	2.55%	1.54%	1.12%
Return on Equity (ROE)	-4.09%	-1.41%	0.83%	33.42%	1.20%	4.66%	0.08%	-2.71%	6.17%	6.37%	6.68%
Cash Return on Invested Capital (CROIC)	1.05%	-6.52%	-3.67%	-3.18%	-7.00%	4.43%	1.85%	-2.47%	1.85%	-2.41%	-3.67%
Operating Return on Assets (OROA)	-2.98%	-1.06%	1.09%	-5.35%	0.51%	3.29%	0.26%	-1.64%	5.64%	4.28%	4.25%
Return on Assets (ROA)	-2.28%	-0.81%	-0.42%	-1.19%	0.65%	2.60%	0.05%	-2.54%	5.85%	3.67%	4.19%
Return on Common Equity (ROCE)	-2.69%	-0.93%	0.55%	21.48%	0.81%	3.08%	0.06%	-1.79%	4.27%	5.34%	5.86%
Return on Equity Simple (ROE_SIMPLE)	-5.97%	-4.97%	-5.43%	0.00%	-1.21%	1.23%	1.52%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-62	-26	29	1,000	25	102	1.77	-44	106	144	173
NOPAT Margin	-5.87%	-2.31%	2.37%	76.11%	1.84%	7.08%	0.12%	-2.90%	6.68%	8.53%	9.57%
Net Nonoperating Expense Percent (NNEP)	0.16%	0.07%	1.34%	32.34%	0.00%	0.00%	0.00%	1.86%	-4.47%	0.00%	-0.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.26%	-	-	-	1.08%	0.02%	-0.46%	1.11%	1.17%	1.22%
Cost of Revenue to Revenue	70.86%	69.01%	69.68%	67.14%	65.87%	64.50%	64.77%	64.29%	63.37%	63.05%	62.34%
SG&A Expenses to Revenue	20.10%	18.49%	16.97%	17.34%	16.98%	15.38%	15.45%	16.05%	15.94%	15.33%	14.82%
R&D to Revenue	10.78%	9.83%	10.55%	9.64%	9.76%	10.03%	10.06%	10.18%	9.79%	9.83%	10.30%
Operating Expenses to Revenue	37.53%	34.30%	26.93%	48.90%	32.70%	26.55%	34.57%	39.86%	30.20%	26.98%	27.94%
Earnings before Interest and Taxes (EBIT)	-88	-37	41	-211	19	128	9.89	-63	217	168	184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	106	185	-63	163	268	162	76	349	296	320
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.02	1.21	1.72	2.12	2.48	2.83	1.76	2.46	2.69	3.24	4.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.35	11.95
Price to Revenue (P/Rev)	1.01	1.42	2.00	2.35	2.72	2.76	1.80	2.39	2.78	4.61	6.76
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	141.93	150.90	111.48
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.70%	0.66%	0.90%
Enterprise Value to Invested Capital (EV/IC)	1.01	1.10	1.35	1.53	1.73	1.87	1.43	1.73	1.99	2.80	3.89
Enterprise Value to Revenue (EV/Rev)	2.16	2.69	3.26	3.57	3.86	3.84	2.81	3.35	3.65	5.05	6.93
Enterprise Value to EBITDA (EV/EBITDA)	44.45	75.64	57.45	39.05	35.86	29.09	20.94	29.17	29.87	41.44	49.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	162.04	93.74	206.76	125.02	147.16	119.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	320.18	193.51	647.85	158.33	178.84	133.92
Enterprise Value to Operating Cash Flow (EV/OCF)	13.98	20.75	26.52	30.75	38.64	32.86	23.59	30.73	41.92	80.10	325.87
Enterprise Value to Free Cash Flow (EV/FCFF)	93.70	0.00	0.00	0.00	0.00	41.37	76.62	0.00	107.23	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.52	0.52	0.52	0.48	0.48	0.46	0.43	0.38	0.38	0.29
Long-Term Debt to Equity	0.59	0.51	0.51	0.51	0.47	0.48	0.46	0.41	0.38	0.37	0.29
Financial Leverage	0.50	0.44	0.43	0.43	0.41	0.38	0.36	0.35	0.32	0.32	0.19
Leverage Ratio	1.92	1.86	1.85	1.86	1.84	1.79	1.79	1.79	1.73	1.74	1.65
Compound Leverage Factor	1.92	1.86	-1.44	-0.09	1.84	1.79	1.79	1.79	1.73	1.74	1.65
Debt to Total Capital	37.68%	34.08%	34.09%	34.04%	32.54%	32.64%	31.36%	30.30%	27.58%	27.38%	22.48%
Short-Term Debt to Total Capital	0.66%	0.60%	0.62%	0.61%	0.57%	0.23%	0.04%	1.55%	0.40%	0.87%	0.06%
Long-Term Debt to Total Capital	37.02%	33.48%	33.47%	33.42%	31.97%	32.41%	31.32%	28.75%	27.17%	26.51%	22.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.93%	21.65%	22.17%	22.71%	22.58%	23.65%	23.66%	23.31%	23.82%	2.85%	2.38%
Common Equity to Total Capital	42.39%	44.27%	43.74%	43.25%	44.88%	43.71%	48.03%	46.39%	51.99%	73.14%	78.09%
Debt to EBITDA	18.12	25.59	15.94	9.54	7.40	5.51	4.98	5.52	4.48	4.37	3.48
Net Debt to EBITDA	14.15	19.31	11.79	6.98	5.42	4.18	3.76	4.15	3.29	3.20	0.80
Long-Term Debt to EBITDA	17.80	25.14	15.65	9.37	7.28	5.47	4.97	5.24	4.41	4.23	3.47
Debt to NOPAT	-13.49	-12.11	-15.70	-39.67	-142.29	60.64	45.99	122.66	23.73	18.85	9.35
Net Debt to NOPAT	-10.53	-9.14	-11.62	-29.03	-104.08	46.04	34.78	92.12	17.45	13.79	2.15
Long-Term Debt to NOPAT	-13.26	-11.90	-15.42	-38.96	-139.79	60.22	45.93	116.40	23.38	18.25	9.33
Altman Z-Score	1.08	1.17	1.43	1.55	1.86	2.07	1.60	1.90	2.40	3.54	5.08
Noncontrolling Interest Sharing Ratio	34.14%	34.20%	34.61%	35.74%	32.78%	33.97%	31.82%	33.92%	30.78%	16.22%	12.37%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.99	2.88	2.71	2.72	2.67	2.67	2.47	2.19	2.33	2.25	3.05
Quick Ratio	1.60	1.44	1.41	1.32	1.35	1.38	1.27	1.04	1.08	0.98	1.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	369	-405	-112	759	-705	531	126	-348	172	-302	-586
Operating Cash Flow to CapEx	319.63%	73.43%	125.94%	162.48%	166.31%	177.30%	145.73%	99.19%	44.21%	37.70%	-32.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-1.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	1.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.32	0.32	0.33	0.35	0.37	0.39	0.40	0.41	0.43	0.42
Accounts Receivable Turnover	5.50	5.11	4.89	5.38	6.19	6.07	5.69	6.41	6.54	6.47	6.01
Inventory Turnover	2.58	2.41	2.41	2.54	2.54	2.68	2.73	2.77	2.57	2.52	2.37
Fixed Asset Turnover	2.72	2.49	2.44	2.62	2.74	2.84	2.95	3.15	3.16	3.14	3.03
Accounts Payable Turnover	7.30	6.88	6.32	6.27	5.96	5.93	5.35	5.10	4.72	4.44	3.94
Days Sales Outstanding (DSO)	66.39	71.46	74.61	67.84	58.93	60.12	64.12	56.93	55.77	56.43	60.76
Days Inventory Outstanding (DIO)	141.59	151.24	151.71	143.61	143.42	135.98	133.58	131.98	141.95	144.99	153.83
Days Payable Outstanding (DPO)	50.03	53.07	57.75	58.19	61.24	61.59	68.24	71.63	77.29	82.13	92.72
Cash Conversion Cycle (CCC)	157.95	169.63	168.57	153.26	141.11	134.51	129.45	117.28	120.44	119.29	121.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,457	11,324	11,115	10,946	11,186	10,895	10,991	11,250	11,120	11,341	11,750
Invested Capital Turnover	0.46	0.42	0.42	0.43	0.46	0.48	0.51	0.52	0.54	0.57	0.58
Increase / (Decrease) in Invested Capital	-431	379	140	241	730	-429	-124	304	-66	445	758
Enterprise Value (EV)	10,534	12,448	14,983	16,784	19,315	20,379	15,702	19,472	22,073	31,808	45,733
Market Capitalization	4,909	6,594	9,203	11,047	13,630	14,651	10,064	13,867	16,783	29,006	44,660
Book Value per Share	$32.13	$36.12	$35.14	$34.17	$35.88	$33.42	$36.88	$36.31	$40.02	$56.96	$59.19
Tangible Book Value per Share	($22.10)	($18.48)	($18.08)	($18.09)	($17.02)	($16.40)	($13.07)	($13.07)	($8.81)	$9.07	$19.93
Total Capital	11,398	12,358	12,197	12,046	12,257	11,825	11,901	12,168	11,995	12,240	14,209
Total Debt	4,294	4,212	4,158	4,100	3,989	3,860	3,732	3,687	3,308	3,352	3,194
Total Long-Term Debt	4,219	4,137	4,083	4,026	3,919	3,833	3,727	3,499	3,259	3,245	3,185
Net Debt	3,353	3,178	3,076	3,000	2,918	2,930	2,822	2,769	2,432	2,453	734
Capital Expenditures (CapEx)	62	91	93	100	92	106	112	131	104	154	290
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,294	1,275	1,233	1,290	1,271	1,286	1,298	1,403	1,479	1,650	1,881
Debt-free Net Working Capital (DFNWC)	2,235	2,308	2,315	2,390	2,342	2,215	2,208	2,321	2,354	2,549	4,341
Net Working Capital (NWC)	2,161	2,234	2,240	2,316	2,272	2,188	2,203	2,132	2,306	2,442	4,332
Net Nonoperating Expense (NNE)	5.73	2.29	44	1,047	0.00	0.00	0.00	54	-120	0.00	-8.79
Net Nonoperating Obligations (NNO)	3,353	3,178	3,076	3,000	2,918	2,930	2,822	2,769	2,432	2,453	734
Total Depreciation and Amortization (D&A)	142	143	144	148	143	139	152	139	132	128	136
Debt-free, Cash-free Net Working Capital to Revenue	26.58%	27.54%	26.81%	27.40%	25.41%	24.23%	23.20%	24.14%	24.47%	26.21%	28.49%
Debt-free Net Working Capital to Revenue	45.91%	49.86%	50.35%	50.77%	46.82%	41.75%	39.45%	39.94%	38.96%	40.49%	65.75%
Net Working Capital to Revenue	44.38%	48.25%	48.70%	49.20%	45.42%	41.24%	39.37%	36.70%	38.16%	38.80%	65.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.46	($0.11)	($0.83)	$1.24	$0.87	$1.01
Adjusted Weighted Average Basic Shares Outstanding	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M	155.44M	155.81M	157.15M	187.48M	195.64M
Adjusted Diluted Earnings per Share	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.44	($0.11)	($0.81)	$1.19	$0.76	$0.97
Adjusted Weighted Average Diluted Shares Outstanding	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M	155.44M	155.81M	157.15M	187.48M	195.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M	155.44M	155.81M	157.15M	187.48M	195.64M
Normalized Net Operating Profit after Tax (NOPAT)	-60	-27	37	-138	31	108	59	-6.64	91	156	207
Normalized NOPAT Margin	-5.67%	-2.41%	3.04%	-10.48%	2.27%	7.52%	3.91%	-0.43%	5.76%	9.27%	11.45%
Pre Tax Income Margin	-8.38%	-3.31%	-2.63%	0.75%	1.43%	8.95%	0.66%	-4.15%	13.72%	9.97%	10.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-0.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-0.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-2.38%	0.00%	0.00%	0.00%	0.00%	38.05%	9.93%	8.39%	5.05%
Augmented Payout Ratio	0.00%	-11.72%	-13.36%	-20.05%	0.00%	0.00%	0.00%	38.05%	9.93%	8.39%	5.05%

Financials Breakdown Chart

Key Financial Trends

Here’s a concise, investor‑focused look at Coherent Corp. (COHR) using the last several years of quarterly statements. The bullets highlight the most material trends across revenue, profitability, liquidity, cash flows, and leverage.

Revenue growth: COHR reported about $1.686 billion in revenue for Q2 2026, up from roughly $1.016 billion in Q2 2025 -- a meaningful top‑line expansion year over year.
Net income improvement: Consolidated net income reached about $143.8 million in Q2 2026, up from $101.5 million in Q2 2025, signaling improving profitability alongside the revenue gain.
Solid gross margin: Q2 2026 gross profit was $622.8 million on $1.686 billion in revenue, implying a gross margin around 36.9% — a reasonably healthy margin level for the period.
Healthy liquidity: Cash & equivalents stood at about $0.86 billion; total current assets ≈ $4.39 billion and total current liabilities ≈ $1.95 billion, giving a current ratio near 2.25.
EPS strength: Q2 2026 basic EPS was $0.87 and diluted EPS $0.76, supported by about 187.5 million weighted shares, indicating solid earnings power per share.
Positive operating cash flow in recent quarters: Net cash from continuing operating activities was $57.9 million in Q2 2026 (and was positive in prior quarters like Q4 2025 and Q3 2025), showing ongoing cash generation from core operations.
Debt levels are elevated but stable: Long‑term debt sits in the low‑to‑mid‑$3 billion range across periods, reflecting leverage that investors should monitor relative to cash flow generation.
Ongoing capex: Capital expenditures remain substantial (for example, Purchase of PP&E around $153.6 million in Q2 2026 and about $131.3 million in Q4 2025), indicating continued investment rather than a light maintenance program.
Financing cash flow volatility: Net cash from financing activities has swung from positive in some quarters (e.g., +$43.1 million in Q2 2026) to negative in others (e.g., −$61.6 million in Q4 2025), signaling variability in debt/equity actions and potential liquidity considerations.
Earnings volatility in some quarters: Several periods show negative net income or negative earnings per share (for example, Q4 2025 net income of −$98.1 million and Q4 2024/different periods showing negative EPS), underscoring recurring earnings volatility despite topline progress.

05/24/26 10:12 PM ETAI Generated. May Contain Errors.

Coherent Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Coherent's financial year ends in June. Their financial year 2025 ended on June 30, 2025.

Coherent's net income appears to be on a downward trend, with a most recent value of $30.06 million in 2025, falling from $65.98 million in 2015. The previous period was -$158.76 million in 2024. See Coherent's forecast for analyst expectations on what's next for the company.

Coherent's total operating income in 2025 was $94.18 million, based on the following breakdown:

Total Gross Profit: $2.04 billion
Total Operating Expenses: $1.95 billion

Over the last 10 years, Coherent's total revenue changed from $741.96 million in 2015 to $5.81 billion in 2025, a change of 683.1%.

Coherent's total liabilities were at $6.43 billion at the end of 2025, a 1.7% decrease from 2024, and a 1,853.8% increase since 2015.

In the past 10 years, Coherent's cash and equivalents has ranged from $173.63 million in 2015 to $2.58 billion in 2022, and is currently $909.20 million as of their latest financial filing in 2025.

Over the last 10 years, Coherent's book value per share changed from 11.94 in 2015 to 36.31 in 2025, a change of 204.2%.

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Financial statements for NYSE:COHR last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Coherent (COHR) Financials

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Coherent (COHR) Financials

Annual Income Statements for Coherent

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Quarterly Metrics And Ratios for Coherent

Financials Breakdown Chart

Key Financial Trends

Coherent Financials - Frequently Asked Questions

When does Coherent's fiscal year end?

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How has Coherent's revenue changed over the last 10 years?

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How has Coherent's book value per share changed over the last 10 years?

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