Cohu (COHU) Financials

$19.80 +0.16 (+0.81%)

As of 02:14 PM Eastern

Annual Income Statements for Cohu

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/27/2014	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	8.71	0.25	3.04	33	-32	-70	-14	167	97	28	-70
Consolidated Net Income / (Loss)	8.71	0.25	3.04	33	-32	-70	-14	167	97	28	-70
Net Income / (Loss) Continuing Operations	15	5.79	3.26	33	-33	-69	-14	167	97	28	-70
Total Pre-Tax Income	19	8.00	6.01	35	-32	-72	-13	192	127	46	-65
Total Operating Income	19	7.96	3.04	38	-30	-52	3.26	202	126	43	-72
Total Gross Profit	106	89	100	143	159	230	272	387	383	303	180
Total Revenue	317	270	282	353	452	583	636	887	813	636	402
Operating Revenue	317	270	282	353	452	583	636	887	813	636	402
Total Cost of Revenue	211	181	182	209	292	354	364	500	429	333	221
Operating Cost of Revenue	211	181	182	209	292	354	364	500	429	333	221
Total Operating Expenses	87	81	97	106	189	282	269	185	258	260	252
Selling, General & Admin Expense	51	51	55	61	97	143	129	127	131	132	128
Research & Development Expense	36	33	35	41	56	86	86	92	93	89	85
Amortization Expense	-	-	6.90	4.21	17	40	39	35	33	36	39
Restructuring Charge	-	-	0.00	0.00	19	13	7.62	1.82	0.61	2.42	0.04
Total Other Income / (Expense), net	0.03	0.04	2.96	-2.36	-2.13	-20	-16	-9.17	1.16	2.54	6.72
Interest Expense	-	-	0.00	0.05	4.98	21	13	9.82	4.49	3.75	0.86
Interest & Investment Income	0.03	0.04	0.34	0.67	1.19	0.76	0.22	0.24	4.01	12	9.98
Other Income / (Expense), net	-	-	2.62	-2.98	1.66	0.04	-3.17	0.41	1.64	-5.21	-2.40
Income Tax Expense	4.65	2.21	2.75	2.24	0.63	-3.08	0.67	25	30	18	4.87
Basic Earnings per Share	$0.34	$0.01	$0.11	$1.18	($1.01)	($1.69)	($0.33)	$3.53	$2.01	$0.59	($1.49)
Weighted Average Basic Shares Outstanding	25.39M	26.06M	26.66M	27.84M	31.78M	41.16M	41.85M	47.41M	48.18M	47.49M	46.91M
Diluted Earnings per Share	$0.33	$0.01	$0.11	$1.14	($1.01)	($1.69)	($0.33)	$3.45	$1.98	$0.59	($1.49)
Weighted Average Diluted Shares Outstanding	26.01M	26.79M	27.48M	28.92M	31.78M	41.16M	41.85M	48.46M	48.80M	48.03M	46.91M
Weighted Average Basic & Diluted Shares Outstanding	25.60M	25M	27.60M	27.80M	31.90M	41.45M	42.22M	48.56M	47.28M	47.08M	46.71M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/24/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	25	22	16	11	3.92	-2.03	-15	-16	-18	-21	-31
Consolidated Net Income / (Loss)	25	22	16	11	3.92	-2.03	-15	-16	-18	-21	-31
Net Income / (Loss) Continuing Operations	25	22	16	11	3.92	-2.03	-15	-16	-18	-21	-31
Total Pre-Tax Income	35	26	21	17	8.64	-0.50	-16	-14	-15	-19	-26
Total Operating Income	34	27	20	16	7.40	0.33	-18	-16	-16	-22	-27
Total Gross Profit	98	93	86	80	71	65	49	47	45	39	42
Total Revenue	207	191	179	169	151	137	108	105	95	94	97
Operating Revenue	207	191	179	169	151	137	108	105	95	94	97
Total Cost of Revenue	109	98	93	89	80	72	58	58	51	55	54
Operating Cost of Revenue	109	98	93	89	80	72	58	58	51	55	54
Total Operating Expenses	64	66	66	65	63	65	67	63	60	61	70
Selling, General & Admin Expense	33	35	34	33	32	33	35	32	30	31	30
Research & Development Expense	23	23	23	22	21	22	22	21	20	21	23
Amortization Expense	8.21	8.10	8.75	9.01	8.86	9.74	9.80	9.75	9.79	9.75	9.85
Restructuring Charge	0.02	0.01	0.89	0.42	0.74	0.38	0.01	0.01	0.01	0.01	6.63
Total Other Income / (Expense), net	1.37	-1.13	0.78	1.36	1.23	-0.83	1.64	1.82	0.94	2.32	1.36
Interest Expense	1.11	1.25	1.50	0.73	0.77	0.75	0.53	0.14	0.09	0.10	0.20
Interest & Investment Income	1.13	2.46	2.72	2.73	3.21	2.85	2.71	2.33	2.61	2.33	1.61
Other Income / (Expense), net	1.34	-2.34	-0.44	-0.65	-1.20	-2.92	-0.54	-0.37	-1.58	0.10	-0.06
Income Tax Expense	10	4.48	4.97	6.44	4.72	1.53	-1.70	1.29	3.23	2.06	4.84
Basic Earnings per Share	$0.52	$0.46	$0.33	$0.22	$0.08	($0.04)	($0.31)	($0.34)	($0.39)	($0.45)	($0.66)
Weighted Average Basic Shares Outstanding	47.98M	48.18M	47.34M	47.62M	47.62M	47.49M	47.13M	46.97M	46.82M	46.91M	46.65M
Diluted Earnings per Share	$0.51	$0.44	$0.33	$0.22	$0.08	($0.04)	($0.31)	($0.34)	($0.39)	($0.45)	($0.66)
Weighted Average Diluted Shares Outstanding	48.53M	48.80M	48.17M	48.03M	48.11M	48.03M	47.13M	46.97M	46.82M	46.91M	46.65M
Weighted Average Basic & Diluted Shares Outstanding	47.63M	47.28M	47.53M	47.60M	47.51M	47.08M	47.09M	46.92M	46.61M	46.71M	46.50M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/27/2014	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Net Change in Cash & Equivalents	19	44	-19	38	31	-8.99	-6.57	141	-48	3.18	-39
Net Cash From Operating Activities	20	21	25	40	34	17	50	98	113	101	2.78
Net Cash From Continuing Operating Activities	10	23	25	40	35	17	50	98	113	101	2.78
Net Income / (Loss) Continuing Operations	8.71	0.25	3.04	33	-32	-70	-14	167	97	28	-70
Consolidated Net Income / (Loss)	8.71	0.25	3.04	33	-32	-70	-14	167	97	28	-70
Depreciation Expense	13	11	10	9.20	26	59	53	49	46	50	52
Amortization Expense	-	0.00	0.00	1.40	24	9.46	2.37	2.29	1.52	1.58	1.59
Non-Cash Adjustments To Reconcile Net Income	2.74	9.63	8.07	7.57	18	16	33	-41	20	30	31
Changes in Operating Assets and Liabilities, net	-14	1.37	3.03	-11	-1.38	2.47	-25	-79	-51	-8.35	-13
Net Cash From Investing Activities	8.64	31	-66	-14	-645	-17	-18	40	-68	-30	22
Net Cash From Continuing Investing Activities	8.85	31	-33	-7.04	-322	-17	-18	40	-68	-30	22
Purchase of Property, Plant & Equipment	-1.46	-6.59	-	-	-	-18	-19	-12	-15	-16	-11
Acquisitions	-	0.00	0.00	0.00	-	-	-	0.00	0.00	-70	0.00
Purchase of Investments	-1.00	-0.66	-	-	-	-0.32	-20	-205	-209	-97	-82
Sale of Property, Plant & Equipment	-	-	3.45	6.20	5.97	1.77	17	0.16	0.35	0.22	0.11
Sale and/or Maturity of Investments	1.05	33	72	85	98	0.00	0.00	136	155	153	114
Net Cash From Financing Activities	-4.18	-4.98	-6.71	2.15	322	-8.18	-38	6.53	-91	-68	-59
Net Cash From Continuing Financing Activities	-4.18	-4.98	-6.71	2.15	322	-8.18	-38	6.53	-91	-68	-59
Repayment of Debt	-	0.00	0.00	-1.63	-9.40	-3.82	-41	-206	-38	-39	-31
Repurchase of Common Equity	-	-	-0.36	-	-8.98	0.00	0.00	-7.32	-51	-24	-27
Other Financing Activities, net	-	-	0.00	0.00	-0.82	-0.02	1.93	-4.58	-2.12	-5.71	-0.73
Other Net Changes in Cash	-	-	-	-	0.00	-1.53	0.13	-3.49	-	0.06	-4.78
Cash Interest Paid	-	-	0.00	0.00	4.98	15	16	6.25	3.44	3.42	0.80
Cash Income Taxes Paid	0.97	-0.25	6.81	7.09	6.24	15	5.77	23	23	44	25

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/24/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Change in Cash & Equivalents	-48	9.94	-16	49	18	-48	-54	12	-14	17	-55
Net Cash From Operating Activities	39	28	16	53	29	2.70	-14	1.10	17	-1.72	-10
Net Cash From Continuing Operating Activities	39	28	16	53	29	2.70	-14	1.10	17	-1.72	-10
Net Income / (Loss) Continuing Operations	25	22	16	11	3.92	-2.03	-15	-16	-18	-21	-31
Consolidated Net Income / (Loss)	25	22	16	11	3.92	-2.03	-15	-16	-18	-21	-31
Depreciation Expense	11	11	12	12	12	13	13	13	13	13	13
Amortization Expense	0.13	0.25	0.46	0.41	0.34	0.37	0.40	0.44	0.48	0.27	0.47
Non-Cash Adjustments To Reconcile Net Income	7.12	0.74	7.45	7.71	7.70	7.47	9.34	9.20	6.89	7.69	9.22
Changes in Operating Assets and Liabilities, net	-4.09	-6.42	-19	22	5.01	-16	-22	-5.94	15	-1.27	-2.15
Net Cash From Investing Activities	-54	-9.55	14	-1.53	-0.50	-42	6.82	19	-22	18	-34
Net Cash From Continuing Investing Activities	-54	-9.55	14	-1.53	-0.50	-42	6.82	19	-22	18	-34
Purchase of Property, Plant & Equipment	-4.98	-4.07	-5.08	-3.07	-4.01	-3.91	-3.33	-2.02	-2.25	-3.04	-11
Acquisitions	-	-	-27	0.60	-	-43	0.00	-	-	-	-35
Purchase of Investments	-82	-54	-17	-27	-30	-24	-22	-4.56	-39	-16	-12
Sale of Property, Plant & Equipment	0.21	0.05	0.12	0.07	-	0.02	0.00	0.06	0.04	0.02	0.00
Sale and/or Maturity of Investments	32	49	63	28	33	29	32	26	19	37	24
Net Cash From Financing Activities	-30	-12	-47	-2.64	-6.00	-12	-44	-7.26	-8.21	0.86	-2.15
Net Cash From Continuing Financing Activities	-30	-12	-47	-2.64	-6.00	-12	-44	-7.26	-8.21	0.86	-2.15
Repayment of Debt	-12	-1.29	-35	-1.17	-1.01	-1.32	-30	-0.61	-0.13	-0.97	-0.28
Repurchase of Common Equity	-18	-13	-3.48	-2.70	-4.68	-13	-11	-8.19	-8.07	-0.03	-8.45
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	8.73
Issuance of Common Equity	-0.31	-	-8.58	1.24	-0.30	-	-4.10	1.54	-	-	-2.15
Other Financing Activities, net	-0.04	-2.00	-0.02	-0.02	-0.01	-5.66	-0.01	-0.00	-0.01	-0.71	-0.00
Effect of Exchange Rate Changes	-3.50	4.31	0.91	-0.34	-4.54	-	-2.89	-1.03	-0.62	-	-8.20
Cash Interest Paid	0.80	1.18	1.78	0.67	0.25	0.72	0.74	0.02	0.02	0.03	0.20
Cash Income Taxes Paid	5.43	6.93	3.76	5.44	5.21	30	6.10	7.16	6.52	5.14	6.47

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/27/2014	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Total Assets	345	345	346	420	1,134	1,078	1,090	1,259	1,227	1,150	999
Total Current Assets	210	234	245	297	485	440	485	751	765	639	534
Cash & Equivalents	71	115	96	134	164	155	149	290	242	246	206
Short-Term Investments	1.16	1.65	32	21	0.56	0.90	21	90	143	90	56
Accounts Receivable	70	60	63	71	149	128	152	193	176	125	92
Inventories, net	49	51	46	62	139	131	143	161	170	156	142
Prepaid Expenses	-	-	-	8.34	26	17	19	16	24	18	19
Other Current Assets	8.36	6.26	8.59	0.28	1.68	3.99	1.83	0.77	8.97	5.01	19
Plant, Property, & Equipment, net	32	19	18	34	74	71	67	64	65	69	75
Total Noncurrent Assets	103	92	82	89	574	567	538	444	398	442	390
Goodwill	63	60	59	66	242	239	252	220	214	242	235
Intangible Assets	33	25	18	17	319	275	234	177	140	152	111
Other Noncurrent Operating Assets	6.28	6.32	5.45	6.49	13	53	52	47	44	49	45
Total Liabilities & Shareholders' Equity	345	345	346	420	1,134	1,078	1,090	1,259	1,227	1,150	999
Total Liabilities	98	107	110	131	588	595	578	377	299	200	143
Total Current Liabilities	68	63	69	85	161	149	174	192	161	103	85
Short-Term Debt	-	-	0.00	4.39	6.79	6.52	8.39	14	6.31	6.32	1.75
Accounts Payable	25	27	31	38	48	49	68	85	52	34	31
Accrued Expenses	12	12	14	14	58	46	36	26	23	19	24
Current Deferred Revenue	-	3.73	6.89	-	-	12	14	7.30	6.89	4.75	2.76
Current Deferred & Payable Income Tax Liabilities	3.13	4.20	1.92	2.16	11	3.89	3.86	6.87	27	4.02	2.39
Current Employee Benefit Liabilities	19	16	15	20	29	24	35	40	38	32	20
Other Current Liabilities	6.94	-	-	6.61	6.90	7.65	8.67	13	8.02	3.59	3.59
Total Noncurrent Liabilities	29	44	41	46	427	446	404	184	138	97	57
Long-Term Debt	-	-	0.00	4.58	346	347	312	103	73	34	7.05
Noncurrent Deferred Revenue	7.32	6.76	6.38	6.27	9.71	8.44	6.89	6.14	6.49	7.07	5.69
Noncurrent Deferred & Payable Income Tax Liabilities	7.27	6.95	5.85	2.92	39	31	29	26	21	23	19
Noncurrent Employee Benefit Liabilities	13	15	16	19	20	22	22	18	10	11	8.48
Other Noncurrent Operating Liabilities	1.00	1.76	1.77	3.56	4.26	38	35	31	27	21	17
Total Equity & Noncontrolling Interests	247	238	235	289	546	483	512	883	929	950	857
Total Preferred & Common Equity	247	238	235	289	546	483	512	883	929	950	857
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	247	238	235	289	546	483	512	883	929	950	857
Common Stock	124	132	139	156	460	475	490	724	736	736	747
Retained Earnings	134	128	125	151	112	43	26	194	290	319	249
Treasury Stock	-	-	-	-	-	-	0.00	-7.32	-58	-69	-88
Accumulated Other Comprehensive Income / (Loss)	-11	-22	-28	-18	-26	-34	-4.33	-27	-40	-35	-51

This table presents Cohu'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 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/25/2022	9/24/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025
Total Assets	1,239	1,198	1,188	1,188	1,168	1,074	1,039	1,032	976
Total Current Assets	767	749	709	722	719	573	546	542	479
Cash & Equivalents	281	232	227	275	293	191	203	189	152
Short-Term Investments	87	137	98	97	94	80	59	80	49
Accounts Receivable	213	188	176	144	130	116	103	92	94
Inventories, net	163	165	176	174	167	152	146	144	139
Prepaid Expenses	19	24	32	29	31	24	20	20	24
Other Current Assets	4.15	1.97	0.59	2.83	2.72	10	15	17	21
Plant, Property, & Equipment, net	62	62	67	67	67	76	75	77	76
Total Noncurrent Assets	410	387	411	399	382	425	418	413	421
Goodwill	212	203	224	224	221	238	237	243	273
Intangible Assets	156	143	144	135	125	141	131	123	105
Other Noncurrent Operating Assets	43	41	43	40	37	46	50	48	43
Total Liabilities & Shareholders' Equity	1,239	1,198	1,188	1,188	1,168	1,074	1,039	1,032	976
Total Liabilities	345	316	249	235	221	159	143	148	148
Total Current Liabilities	194	171	145	138	128	91	79	85	92
Short-Term Debt	16	6.03	6.42	6.26	6.17	2.80	2.38	2.61	11
Accounts Payable	81	70	55	46	37	30	22	23	31
Accrued Expenses	22	21	21	19	20	25	25	27	19
Current Deferred Revenue	16	8.91	13	11	6.74	4.59	2.80	2.10	2.42
Current Deferred & Payable Income Tax Liabilities	14	15	18	24	23	2.46	2.77	1.92	2.65
Current Employee Benefit Liabilities	34	40	27	28	32	23	21	24	20
Other Current Liabilities	10	9.80	5.74	4.07	4.54	3.02	3.33	4.05	7.08
Total Noncurrent Liabilities	151	145	104	96	93	68	64	63	56
Long-Term Debt	75	73	38	36	35	8.02	7.59	7.91	7.06
Noncurrent Deferred Revenue	5.58	5.01	7.18	6.41	6.30	5.31	5.37	4.95	5.69
Noncurrent Deferred & Payable Income Tax Liabilities	24	23	23	22	22	23	22	22	19
Noncurrent Employee Benefit Liabilities	18	17	10	8.28	7.94	11	10	11	8.47
Other Noncurrent Operating Liabilities	28	27	25	24	21	21	19	18	16
Total Equity & Noncontrolling Interests	894	882	939	953	946	915	896	885	828
Total Preferred & Common Equity	894	882	939	953	946	915	896	885	828
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	894	882	939	953	946	915	896	885	828
Common Stock	728	731	720	726	729	728	735	740	745
Retained Earnings	244	269	306	317	321	304	288	270	218
Treasury Stock	-28	-45	-51	-52	-56	-73	-80	-88	-90
Accumulated Other Comprehensive Income / (Loss)	-49	-72	-37	-37	-47	-44	-47	-38	-45

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/27/2014	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.61%	-14.84%	4.61%	25.04%	28.09%	29.12%	9.03%	39.50%	-8.39%	-21.71%	-36.86%
EBITDA Growth	273.42%	-39.92%	-16.41%	182.06%	-51.26%	-27.42%	244.10%	357.91%	-30.88%	-48.84%	-122.36%
EBIT Growth	162.64%	-58.98%	-28.82%	513.38%	-180.93%	-85.92%	100.17%	224,265.56%	-37.01%	-70.07%	-294.58%
NOPAT Growth	168.06%	-60.97%	-71.33%	2,039.43%	-159.00%	-75.71%	106.23%	7,582.11%	-45.26%	-72.29%	-288.65%
Net Income Growth	126.06%	-97.13%	1,115.60%	980.72%	-198.72%	-114.94%	80.20%	1,312.41%	-42.12%	-70.93%	-347.97%
EPS Growth	124.63%	-96.97%	1,000.00%	936.36%	-188.60%	-67.33%	80.47%	1,145.45%	-42.61%	-70.20%	-352.54%
Operating Cash Flow Growth	475.89%	9.16%	14.28%	61.93%	-13.37%	-49.85%	188.84%	96.30%	15.26%	-10.09%	-97.26%
Free Cash Flow Firm Growth	190.48%	-6.20%	-57.72%	-89.38%	-34,180.52%	104.21%	-33.18%	1,170.08%	-56.66%	-106.66%	121.26%
Invested Capital Growth	-14.08%	-20.18%	-11.27%	28.16%	384.19%	-8.42%	-2.19%	-6.31%	0.30%	5.28%	-7.86%
Revenue Q/Q Growth	16.83%	-7.67%	2.62%	3.95%	23.70%	-4.68%	10.48%	-1.17%	-0.09%	-7.81%	-9.69%
EBITDA Q/Q Growth	39.38%	-23.46%	2.62%	10.68%	-52.72%	1,686.84%	127.60%	-1.65%	5.12%	-22.28%	-2,426.68%
EBIT Q/Q Growth	80.36%	-41.68%	17.09%	13.88%	-175.98%	45.58%	100.27%	0.07%	5.49%	-41.93%	-34.36%
NOPAT Q/Q Growth	88.37%	-38.76%	-47.01%	36.85%	-165.04%	46.51%	111.17%	2.03%	1.59%	-47.03%	-44.18%
Net Income Q/Q Growth	361.96%	118.85%	4.83%	17.14%	-203.04%	36.28%	69.99%	3.74%	0.77%	-45.66%	-38.29%
EPS Q/Q Growth	450.00%	116.67%	-8.33%	17.53%	-194.39%	45.66%	70.27%	2.37%	0.00%	-44.86%	-37.96%
Operating Cash Flow Q/Q Growth	200.06%	-45.23%	58.71%	34.25%	-24.06%	99.23%	19.18%	6.47%	-0.22%	-19.68%	-61.40%
Free Cash Flow Firm Q/Q Growth	127.99%	-29.61%	-31.12%	117.49%	-1,717.01%	104.02%	-71.19%	14.45%	-26.78%	-115.06%	102.20%
Invested Capital Q/Q Growth	-12.67%	-7.79%	-4.20%	-4.79%	377.40%	-6.38%	2.92%	-0.82%	5.21%	9.18%	-3.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.47%	33.02%	35.45%	40.66%	35.26%	39.40%	42.73%	43.62%	47.16%	47.60%	44.87%
EBITDA Margin	10.11%	7.13%	5.70%	12.86%	4.89%	2.75%	8.68%	28.49%	21.50%	14.05%	-4.97%
Operating Margin	6.13%	2.95%	1.08%	10.70%	-6.59%	-8.97%	0.51%	22.71%	15.45%	6.80%	-17.84%
EBIT Margin	6.13%	2.95%	2.01%	9.85%	-6.22%	-8.96%	0.01%	22.76%	15.65%	5.98%	-18.43%
Profit (Net Income) Margin	2.75%	0.09%	1.08%	9.31%	-7.18%	-11.95%	-2.17%	18.86%	11.92%	4.42%	-17.38%
Tax Burden Percent	44.81%	3.12%	50.59%	92.87%	101.60%	96.69%	104.74%	86.99%	76.43%	61.45%	107.50%
Interest Burden Percent	100.15%	100.55%	106.04%	101.78%	113.48%	137.85%	-14,641.11%	95.25%	99.63%	120.37%	87.69%
Effective Tax Rate	23.94%	27.63%	45.73%	6.35%	0.00%	0.00%	0.00%	13.01%	23.57%	38.55%	0.00%
Return on Invested Capital (ROIC)	8.11%	3.81%	1.30%	26.00%	-4.67%	-5.17%	0.34%	27.34%	15.45%	4.16%	-7.97%
ROIC Less NNEP Spread (ROIC-NNEP)	16.99%	9.84%	0.04%	27.97%	-45.39%	-22.25%	-9.01%	41.56%	15.13%	3.64%	-0.80%
Return on Net Nonoperating Assets (RNNOA)	-4.63%	-3.71%	-0.02%	-13.48%	-3.09%	-8.37%	-3.11%	-3.34%	-4.75%	-1.17%	0.24%
Return on Equity (ROE)	3.48%	0.10%	1.28%	12.52%	-7.77%	-13.55%	-2.77%	23.99%	10.69%	3.00%	-7.73%
Cash Return on Invested Capital (CROIC)	23.26%	26.25%	13.25%	1.31%	-136.20%	3.61%	2.55%	33.86%	15.15%	-0.98%	0.21%
Operating Return on Assets (OROA)	5.62%	2.31%	1.64%	9.07%	-3.62%	-4.73%	0.01%	17.19%	10.23%	3.20%	-6.89%
Return on Assets (ROA)	2.52%	0.07%	0.88%	8.58%	-4.17%	-6.30%	-1.27%	14.24%	7.79%	2.37%	-6.50%
Return on Common Equity (ROCE)	3.48%	0.10%	1.28%	12.52%	-7.77%	-13.55%	-2.77%	23.99%	10.69%	3.00%	-7.73%
Return on Equity Simple (ROE_SIMPLE)	3.52%	0.11%	1.29%	11.36%	-5.94%	-14.43%	-2.69%	18.96%	10.43%	2.96%	-8.15%
Net Operating Profit after Tax (NOPAT)	15	5.76	1.65	35	-21	-37	2.28	175	96	27	-50
NOPAT Margin	4.66%	2.14%	0.59%	10.02%	-4.61%	-6.28%	0.36%	19.76%	11.81%	4.18%	-12.49%
Net Nonoperating Expense Percent (NNEP)	-8.88%	-6.03%	1.26%	-1.97%	40.72%	17.08%	9.35%	-14.23%	0.31%	0.52%	-7.17%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	9.52%	2.68%	-5.80%
Cost of Revenue to Revenue	66.53%	66.98%	64.55%	59.34%	64.74%	60.60%	57.27%	56.38%	52.84%	52.40%	55.13%
SG&A Expenses to Revenue	15.97%	18.98%	19.57%	17.22%	21.42%	24.50%	20.32%	14.31%	16.17%	20.78%	31.87%
R&D to Revenue	11.38%	12.28%	12.35%	11.55%	12.49%	14.77%	13.55%	10.37%	11.39%	13.92%	21.11%
Operating Expenses to Revenue	27.34%	30.07%	34.37%	29.96%	41.86%	48.37%	42.22%	20.90%	31.71%	40.80%	62.71%
Earnings before Interest and Taxes (EBIT)	19	7.96	5.67	35	-28	-52	0.09	202	127	38	-74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	19	16	45	22	16	55	253	175	89	-20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.33	1.51	2.09	1.16	1.90	3.17	2.10	1.64	1.77	1.46
Price to Tangible Book Value (P/TBV)	1.87	2.08	2.24	2.92	0.00	0.00	61.83	3.81	2.65	3.02	2.44
Price to Revenue (P/Rev)	0.89	1.18	1.26	1.71	1.40	1.57	2.56	2.09	1.88	2.64	3.11
Price to Earnings (P/E)	32.32	1,270.20	117.21	18.37	0.00	0.00	0.00	11.06	15.76	59.71	0.00
Dividend Yield	2.18%	1.97%	1.80%	1.13%	1.54%	1.08%	0.62%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.09%	0.08%	0.85%	5.44%	0.00%	0.00%	0.00%	9.04%	6.34%	1.67%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.49	1.92	2.99	1.11	1.65	2.68	2.56	1.96	2.12	1.65
Enterprise Value to Revenue (EV/Rev)	0.66	0.74	0.81	1.30	1.81	1.91	2.79	1.79	1.50	2.18	2.48
Enterprise Value to EBITDA (EV/EBITDA)	6.54	10.43	14.19	10.07	37.09	69.48	32.17	6.28	6.98	15.51	0.00
Enterprise Value to EBIT (EV/EBIT)	10.79	25.20	40.28	13.14	0.00	0.00	19,734.31	7.87	9.59	36.42	0.00
Enterprise Value to NOPAT (EV/NOPAT)	14.19	34.81	138.17	12.93	0.00	0.00	778.30	9.06	12.71	52.12	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.64	9.34	9.30	11.49	23.81	64.55	35.61	16.22	10.81	13.66	359.02
Enterprise Value to Free Cash Flow (EV/FCFF)	4.95	5.05	13.59	256.27	0.00	43.57	103.90	7.32	12.96	0.00	748.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.03	0.65	0.73	0.62	0.13	0.09	0.04	0.01
Long-Term Debt to Equity	0.00	0.00	0.00	0.02	0.63	0.72	0.61	0.12	0.08	0.04	0.01
Financial Leverage	-0.27	-0.38	-0.47	-0.48	0.07	0.38	0.35	-0.08	-0.31	-0.32	-0.30
Leverage Ratio	1.38	1.42	1.46	1.46	1.86	2.15	2.18	1.68	1.37	1.27	1.19
Compound Leverage Factor	1.38	1.43	1.55	1.49	2.11	2.96	-318.91	1.60	1.37	1.52	1.04
Debt to Total Capital	0.00%	0.00%	0.00%	3.01%	39.26%	42.22%	38.44%	11.78%	7.84%	4.10%	1.02%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.47%	0.76%	0.78%	1.01%	1.44%	0.63%	0.64%	0.20%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.54%	38.50%	41.44%	37.44%	10.34%	7.21%	3.46%	0.81%
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	0.00%	0.00%	0.00%	0.00%	-0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	96.99%	60.78%	57.78%	61.56%	88.22%	92.16%	95.90%	98.98%
Debt to EBITDA	0.00	0.00	0.00	0.20	15.96	22.01	5.80	0.47	0.45	0.45	-0.44
Net Debt to EBITDA	0.00	0.00	0.00	-3.23	8.50	12.28	2.72	-1.04	-1.75	-3.30	12.67
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.10	15.66	21.60	5.64	0.41	0.42	0.38	-0.35
Debt to NOPAT	0.00	0.00	0.00	0.25	-16.92	-9.64	140.20	0.67	0.82	1.53	-0.18
Net Debt to NOPAT	0.00	0.00	0.00	-4.15	-9.01	-5.38	65.69	-1.50	-3.20	-11.10	5.05
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.13	-16.60	-9.46	136.53	0.59	0.76	1.29	-0.14
Altman Z-Score	3.87	3.75	3.93	4.97	1.44	1.69	2.65	4.93	4.99	6.65	6.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	-0.04%	-0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.08	3.71	3.57	3.49	3.02	2.95	2.78	3.90	4.75	6.18	6.27
Quick Ratio	2.09	2.80	2.78	2.66	1.96	1.91	1.85	2.98	3.49	4.45	4.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	42	40	17	1.78	-607	26	17	217	94	-6.27	1.33
Operating Cash Flow to CapEx	1,350.58%	326.15%	0.00%	0.00%	0.00%	106.38%	3,050.76%	826.78%	782.62%	640.71%	26.39%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	33.00	-122.04	1.24	1.27	22.10	20.96	-1.67	1.55
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	736.11	6.92	0.84	3.70	9.97	25.14	27.05	3.23
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	850.87	8.12	0.05	3.58	8.76	21.93	22.83	-9.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.92	0.78	0.82	0.92	0.58	0.53	0.59	0.76	0.65	0.54	0.37
Accounts Receivable Turnover	4.92	4.14	4.59	5.26	4.10	4.21	4.55	5.15	4.41	4.23	3.72
Inventory Turnover	4.03	3.59	3.76	3.89	2.90	2.62	2.67	3.30	2.59	2.05	1.49
Fixed Asset Turnover	9.36	10.61	15.15	13.46	8.33	8.03	9.23	13.56	12.60	9.49	5.59
Accounts Payable Turnover	8.36	6.89	6.20	6.07	6.83	7.30	6.25	6.53	6.27	7.81	6.90
Days Sales Outstanding (DSO)	74.15	88.20	79.48	69.41	89.04	86.72	80.30	70.92	82.86	86.26	98.22
Days Inventory Outstanding (DIO)	90.63	101.60	97.07	93.81	125.68	139.40	136.89	110.74	140.75	178.38	245.26
Days Payable Outstanding (DPO)	43.67	52.96	58.87	60.17	53.46	49.98	58.43	55.87	58.22	46.72	52.86
Cash Conversion Cycle (CCC)	121.11	136.84	117.68	103.06	161.25	176.14	158.76	125.79	165.39	217.93	290.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	168	134	119	153	739	677	662	620	622	655	604
Invested Capital Turnover	1.74	1.78	2.23	2.60	1.01	0.82	0.95	1.38	1.31	1.00	0.64
Increase / (Decrease) in Invested Capital	-28	-34	-15	34	587	-62	-15	-42	1.85	33	-52
Enterprise Value (EV)	209	201	228	457	820	1,115	1,776	1,589	1,220	1,386	997
Market Capitalization	281	318	356	603	632	918	1,626	1,851	1,527	1,681	1,251
Book Value per Share	$9.68	$9.11	$8.82	$10.22	$13.42	$11.71	$12.21	$18.13	$19.50	$20.00	$18.38
Tangible Book Value per Share	$5.91	$5.84	$5.94	$7.31	($0.36)	($0.74)	$0.63	$9.97	$12.08	$11.72	$10.97
Total Capital	247	238	235	298	899	836	832	1,000	1,008	991	866
Total Debt	0.00	0.00	0.00	8.96	353	353	320	118	79	41	8.80
Total Long-Term Debt	0.00	0.00	0.00	4.58	346	347	312	103	73	34	7.05
Net Debt	-72	-117	-128	-147	188	197	150	-262	-307	-295	-253
Capital Expenditures (CapEx)	1.46	6.59	-3.45	-6.20	-5.97	16	1.64	12	14	16	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	70	54	48	61	166	141	149	193	225	206	189
Debt-free Net Working Capital (DFNWC)	142	171	176	217	331	297	319	573	610	542	451
Net Working Capital (NWC)	142	171	176	212	325	291	311	558	604	535	449
Net Nonoperating Expense (NNE)	6.05	5.51	-1.39	2.49	12	33	16	7.98	-0.89	-1.56	20
Net Nonoperating Obligations (NNO)	-79	-104	-116	-136	193	194	150	-262	-307	-295	-253
Total Depreciation and Amortization (D&A)	13	11	10	11	50	68	55	51	48	51	54
Debt-free, Cash-free Net Working Capital to Revenue	22.16%	20.12%	17.17%	17.28%	36.84%	24.21%	23.42%	21.73%	27.65%	32.38%	46.99%
Debt-free Net Working Capital to Revenue	44.91%	63.52%	62.56%	61.40%	73.36%	50.97%	50.15%	64.55%	75.09%	85.13%	112.22%
Net Working Capital to Revenue	44.91%	63.52%	62.56%	60.16%	71.86%	49.85%	48.83%	62.93%	74.31%	84.14%	111.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.01	$0.11	$1.18	($1.01)	($1.69)	($0.33)	$3.53	$2.01	$0.59	($1.49)
Adjusted Weighted Average Basic Shares Outstanding	25.39M	26.06M	26.66M	27.84M	31.78M	41.16M	41.85M	47.41M	48.18M	47.49M	46.91M
Adjusted Diluted Earnings per Share	$0.33	$0.01	$0.11	$1.14	($1.01)	($1.69)	($0.33)	$3.45	$1.98	$0.59	($1.49)
Adjusted Weighted Average Diluted Shares Outstanding	26.01M	26.79M	27.48M	28.92M	31.78M	41.16M	41.85M	48.46M	48.80M	48.03M	46.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($1.01)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.70M	26.25M	26.85M	28.54M	40.81M	41.45M	42.22M	48.56M	47.28M	47.08M	46.71M
Normalized Net Operating Profit after Tax (NOPAT)	15	5.76	1.65	35	-7.75	-27	12	177	96	28	-50
Normalized NOPAT Margin	4.66%	2.14%	0.59%	10.02%	-1.72%	-4.66%	1.94%	19.95%	11.86%	4.41%	-12.48%
Pre Tax Income Margin	6.14%	2.97%	2.13%	10.03%	-7.06%	-12.36%	-2.07%	21.68%	15.59%	7.20%	-16.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	643.48	-5.65	-2.54	0.01	20.55	28.33	10.15	-86.22
NOPAT to Interest Expense	0.00	0.00	0.00	654.28	-4.19	-1.78	0.17	17.84	21.38	7.09	-58.40
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	758.24	-4.45	-3.33	-0.11	19.35	25.12	5.93	-98.48
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	769.04	-2.99	-2.57	0.05	16.64	18.16	2.87	-70.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	69.67%	2,486.00%	208.98%	20.03%	-21.43%	-14.10%	-36.02%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	69.67%	2,486.00%	220.70%	20.03%	-49.12%	-14.10%	-36.02%	4.38%	52.37%	83.96%	-38.65%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/24/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.16%	-0.39%	-9.30%	-22.24%	-27.04%	-28.19%	-40.00%	-38.02%	-36.78%	-31.41%	-10.05%
EBITDA Growth	1.50%	30.39%	-22.12%	-44.97%	-59.85%	-70.19%	-115.30%	-111.05%	-119.82%	-176.33%	-182.61%
EBIT Growth	4.05%	36.20%	-32.60%	-60.91%	-82.31%	-110.40%	-195.25%	-211.04%	-379.72%	-731.24%	-47.89%
NOPAT Growth	-6.99%	6.35%	-29.60%	-65.46%	-85.97%	-98.96%	-183.36%	-217.16%	-428.95%	-6,575.15%	-52.04%
Net Income Growth	4.84%	3.54%	-27.28%	-63.21%	-84.27%	-109.38%	-193.31%	-248.99%	-561.20%	-953.16%	-110.48%
EPS Growth	6.25%	0.00%	-25.00%	-62.71%	-84.31%	-109.09%	-193.94%	-254.55%	-587.50%	-1,025.00%	-112.90%
Operating Cash Flow Growth	14.84%	-0.88%	727.98%	21.31%	-26.22%	-90.20%	-184.71%	-97.94%	-40.41%	-163.57%	27.08%
Free Cash Flow Firm Growth	32.99%	-67.14%	-110.89%	-91.16%	-109.04%	-257.51%	-28.04%	-911.07%	-602.58%	211.45%	-0.77%
Invested Capital Growth	-5.45%	0.30%	3.45%	0.95%	1.45%	5.28%	-0.57%	3.20%	4.30%	-7.86%	-1.56%
Revenue Q/Q Growth	-4.85%	-7.54%	-6.14%	-5.83%	-10.73%	-9.00%	-21.58%	-2.71%	-8.94%	-1.28%	2.84%
EBITDA Q/Q Growth	-7.66%	-21.69%	-12.40%	-13.11%	-32.64%	-41.85%	-144.96%	37.23%	-20.80%	-123.90%	-66.46%
EBIT Q/Q Growth	-8.73%	-28.96%	-21.94%	-22.76%	-58.69%	-141.76%	-614.83%	9.95%	-4.05%	-24.10%	-27.18%
NOPAT Q/Q Growth	-15.19%	-5.63%	-33.12%	-35.47%	-65.54%	-93.03%	-5,481.14%	9.31%	3.25%	-37.15%	-26.35%
Net Income Q/Q Growth	-13.51%	-13.08%	-27.48%	-32.52%	-63.01%	-151.80%	-621.65%	-7.75%	-14.50%	-18.29%	-44.23%
EPS Q/Q Growth	-13.56%	-13.73%	-25.00%	-33.33%	-63.64%	-150.00%	-675.00%	-9.68%	-14.71%	-15.38%	-46.67%
Operating Cash Flow Q/Q Growth	-9.84%	-30.21%	-40.20%	222.38%	-45.17%	-90.73%	-616.99%	107.85%	1,484.22%	-109.89%	-493.01%
Free Cash Flow Firm Q/Q Growth	32.43%	-64.28%	-133.26%	156.20%	-235.39%	-522.45%	72.97%	-256.03%	-17.28%	198.74%	-124.44%
Invested Capital Q/Q Growth	-4.29%	5.21%	5.85%	-5.29%	-3.81%	9.18%	-0.04%	-1.69%	-2.79%	-3.55%	6.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.45%	48.74%	48.07%	47.56%	47.01%	47.67%	45.76%	44.82%	46.84%	41.93%	43.72%
EBITDA Margin	22.56%	19.11%	17.83%	16.45%	12.41%	7.93%	-4.55%	-2.93%	-3.89%	-8.83%	-14.29%
Operating Margin	16.31%	14.26%	11.08%	9.27%	4.91%	0.24%	-16.70%	-15.57%	-16.54%	-22.98%	-28.23%
EBIT Margin	16.96%	13.03%	10.84%	8.89%	4.11%	-1.89%	-17.20%	-15.92%	-18.20%	-22.87%	-28.29%
Profit (Net Income) Margin	12.04%	11.32%	8.74%	6.27%	2.60%	-1.48%	-13.60%	-15.06%	-18.94%	-22.69%	-31.82%
Tax Burden Percent	70.94%	82.83%	75.93%	62.19%	45.33%	408.05%	89.59%	108.88%	121.79%	110.65%	118.63%
Interest Burden Percent	100.07%	104.87%	106.28%	113.35%	139.25%	19.19%	88.23%	86.87%	85.46%	89.66%	94.83%
Effective Tax Rate	29.06%	17.17%	24.07%	37.81%	54.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	15.47%	15.45%	10.32%	6.93%	2.58%	0.17%	-10.05%	-8.60%	-8.40%	-10.27%	-11.89%
ROIC Less NNEP Spread (ROIC-NNEP)	15.11%	15.78%	10.10%	6.65%	2.40%	0.92%	-9.29%	-7.10%	-6.08%	-8.00%	-6.63%
Return on Net Nonoperating Assets (RNNOA)	-4.62%	-4.95%	-2.93%	-2.18%	-0.84%	-0.30%	2.71%	2.24%	2.01%	2.43%	1.69%
Return on Equity (ROE)	10.84%	10.49%	7.39%	4.75%	1.74%	-0.13%	-7.34%	-6.37%	-6.39%	-7.84%	-10.20%
Cash Return on Invested Capital (CROIC)	21.12%	15.15%	10.44%	10.50%	6.98%	-0.98%	0.37%	-6.08%	-9.88%	0.21%	-7.15%
Operating Return on Assets (OROA)	11.17%	8.52%	7.08%	5.46%	2.40%	-1.01%	-8.59%	-7.15%	-7.36%	-8.55%	-10.79%
Return on Assets (ROA)	7.93%	7.40%	5.72%	3.85%	1.52%	-0.79%	-6.79%	-6.77%	-7.66%	-8.48%	-12.14%
Return on Common Equity (ROCE)	10.84%	10.49%	7.39%	4.75%	1.74%	-0.13%	-7.34%	-6.37%	-6.39%	-7.84%	-10.20%
Return on Equity Simple (ROE_SIMPLE)	10.90%	0.00%	9.69%	7.63%	5.48%	0.00%	-0.24%	-3.18%	-5.71%	0.00%	-10.39%
Net Operating Profit after Tax (NOPAT)	24	23	15	9.74	3.36	0.23	-13	-11	-11	-15	-19
NOPAT Margin	11.57%	11.81%	8.41%	5.77%	2.23%	0.17%	-11.69%	-10.90%	-11.58%	-16.08%	-19.76%
Net Nonoperating Expense Percent (NNEP)	0.36%	-0.33%	0.22%	0.28%	0.18%	-0.75%	-0.76%	-1.50%	-2.32%	-2.27%	-5.26%
Return On Investment Capital (ROIC_SIMPLE)	-	2.24%	-	-	-	0.02%	-	-	-	-1.75%	-2.26%
Cost of Revenue to Revenue	52.55%	51.26%	51.93%	52.44%	52.99%	52.33%	54.24%	55.18%	53.16%	58.07%	56.28%
SG&A Expenses to Revenue	15.85%	18.24%	19.06%	19.42%	21.50%	23.94%	32.60%	30.68%	31.78%	32.45%	31.00%
R&D to Revenue	11.31%	12.01%	12.55%	13.30%	14.24%	16.12%	20.76%	20.38%	21.32%	22.09%	23.92%
Operating Expenses to Revenue	31.14%	34.49%	36.99%	38.29%	42.10%	47.42%	62.47%	60.38%	63.38%	64.91%	71.95%
Earnings before Interest and Taxes (EBIT)	35	25	19	15	6.20	-2.59	-19	-17	-17	-22	-27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	37	32	28	19	11	-4.89	-3.07	-3.71	-8.31	-14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.42	1.64	1.93	2.07	1.73	1.77	1.73	1.74	1.38	1.46	0.85
Price to Tangible Book Value (P/TBV)	2.34	2.65	3.18	3.33	2.73	3.02	2.95	2.95	2.35	2.44	1.57
Price to Revenue (P/Rev)	1.54	1.88	2.29	2.65	2.38	2.64	2.80	3.11	2.74	3.11	1.80
Price to Earnings (P/E)	13.06	15.76	19.96	27.14	31.64	59.71	0.00	0.00	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	7.66%	6.34%	5.01%	3.68%	3.16%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.96	2.33	2.64	2.16	2.12	2.02	2.03	1.53	1.65	0.81
Enterprise Value to Revenue (EV/Rev)	1.19	1.50	1.93	2.21	1.87	2.18	2.34	2.61	2.16	2.48	1.34
Enterprise Value to EBITDA (EV/EBITDA)	5.81	6.98	9.27	11.52	11.24	15.51	25.19	60.35	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	8.00	9.59	13.03	17.43	19.73	36.42	11,811.17	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	10.22	12.71	17.13	23.17	25.76	52.12	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.53	10.81	12.05	12.04	10.24	13.66	18.63	68.84	133.25	359.02	79.61
Enterprise Value to Free Cash Flow (EV/FCFF)	7.51	12.96	22.70	25.26	31.08	0.00	543.90	0.00	0.00	748.54	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.09	0.05	0.04	0.04	0.04	0.01	0.01	0.01	0.01	0.02
Long-Term Debt to Equity	0.08	0.08	0.04	0.04	0.04	0.04	0.01	0.01	0.01	0.01	0.01
Financial Leverage	-0.31	-0.31	-0.29	-0.33	-0.35	-0.32	-0.29	-0.31	-0.33	-0.30	-0.25
Leverage Ratio	1.41	1.37	1.33	1.31	1.29	1.27	1.22	1.20	1.20	1.19	1.18
Compound Leverage Factor	1.41	1.44	1.42	1.49	1.80	0.24	1.08	1.05	1.03	1.07	1.12
Debt to Total Capital	8.22%	7.84%	4.49%	4.29%	4.19%	4.10%	1.17%	1.10%	1.18%	1.02%	2.10%
Short-Term Debt to Total Capital	0.63%	0.63%	0.65%	0.63%	0.63%	0.64%	0.30%	0.26%	0.29%	0.20%	1.26%
Long-Term Debt to Total Capital	7.60%	7.21%	3.84%	3.66%	3.56%	3.46%	0.87%	0.84%	0.88%	0.81%	0.84%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.78%	92.16%	95.51%	95.71%	95.81%	95.90%	98.83%	98.90%	98.82%	98.98%	97.91%
Debt to EBITDA	0.48	0.45	0.27	0.30	0.36	0.45	0.21	0.46	-13.30	-0.44	-0.61
Net Debt to EBITDA	-1.75	-1.75	-1.69	-2.31	-3.01	-3.30	-4.96	-11.66	327.08	12.67	6.33
Long-Term Debt to EBITDA	0.44	0.42	0.23	0.26	0.31	0.38	0.15	0.35	-10.01	-0.35	-0.24
Debt to NOPAT	0.84	0.82	0.49	0.60	0.82	1.53	-8.14	-0.54	-0.30	-0.18	-0.31
Net Debt to NOPAT	-3.07	-3.20	-3.13	-4.64	-6.90	-11.10	195.88	13.59	7.44	5.05	3.23
Long-Term Debt to NOPAT	0.77	0.76	0.42	0.51	0.70	1.29	-6.03	-0.41	-0.23	-0.14	-0.12
Altman Z-Score	4.05	4.72	6.03	6.68	6.04	6.53	7.37	7.90	6.22	6.48	3.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.39	4.75	4.89	5.22	5.59	6.18	6.29	6.95	6.38	6.27	5.20
Quick Ratio	3.27	3.49	3.45	3.73	4.03	4.45	4.25	4.65	4.25	4.15	3.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	58	21	-6.89	3.87	-5.24	-33	-8.82	-31	-37	36	-8.89
Operating Cash Flow to CapEx	829.05%	686.23%	332.69%	1,776.24%	727.02%	69.58%	-419.72%	55.95%	783.18%	-56.78%	-92.88%
Free Cash Flow to Firm to Interest Expense	52.33	16.58	-4.60	5.32	-6.78	-43.27	-16.64	-218.04	-428.20	367.28	-44.88
Operating Cash Flow to Interest Expense	35.65	22.07	11.01	73.10	37.70	3.58	-26.35	7.61	201.90	-17.34	-51.42
Operating Cash Flow Less CapEx to Interest Expense	31.35	18.85	7.70	68.99	32.51	-1.57	-32.62	-5.99	176.12	-47.89	-106.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.65	0.65	0.61	0.58	0.54	0.50	0.45	0.40	0.37	0.38
Accounts Receivable Turnover	4.19	4.41	4.11	4.18	4.33	4.23	3.86	4.05	4.00	3.72	3.73
Inventory Turnover	2.72	2.59	2.47	2.31	2.17	2.05	1.82	1.68	1.54	1.49	1.50
Fixed Asset Turnover	12.82	12.60	12.12	11.59	10.75	9.49	7.86	7.07	6.21	5.59	5.13
Accounts Payable Turnover	5.62	6.27	5.93	6.13	6.75	7.81	7.05	7.96	7.91	6.90	7.17
Days Sales Outstanding (DSO)	87.21	82.86	88.91	87.34	84.26	86.26	94.47	90.15	91.22	98.22	97.85
Days Inventory Outstanding (DIO)	134.19	140.75	147.65	158.11	168.45	178.38	200.29	217.90	237.68	245.26	244.02
Days Payable Outstanding (DPO)	64.94	58.22	61.51	59.52	54.07	46.72	51.74	45.86	46.17	52.86	50.93
Cash Conversion Cycle (CCC)	156.46	165.39	175.04	185.94	198.64	217.93	243.02	262.19	282.73	290.62	290.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	591	622	659	624	600	655	655	644	626	604	645
Invested Capital Turnover	1.34	1.31	1.23	1.20	1.16	1.00	0.86	0.79	0.73	0.64	0.60
Increase / (Decrease) in Invested Capital	-34	1.85	22	5.87	8.60	33	-3.76	20	26	-52	-10
Enterprise Value (EV)	965	1,220	1,535	1,646	1,293	1,386	1,323	1,306	959	997	522
Market Capitalization	1,255	1,527	1,815	1,975	1,639	1,681	1,583	1,559	1,218	1,251	705
Book Value per Share	$18.28	$19.50	$19.85	$20.06	$19.88	$20.00	$19.42	$19.03	$18.85	$18.38	$17.72
Tangible Book Value per Share	$11.12	$12.08	$12.08	$12.49	$12.62	$11.72	$11.37	$11.21	$11.06	$10.97	$9.64
Total Capital	961	1,008	983	996	988	991	926	906	895	866	845
Total Debt	79	79	44	43	41	41	11	9.97	11	8.80	18
Total Long-Term Debt	73	73	38	36	35	34	8.02	7.59	7.91	7.05	7.06
Net Debt	-290	-307	-280	-330	-346	-295	-260	-252	-259	-253	-183
Capital Expenditures (CapEx)	4.76	4.02	4.96	2.99	4.01	3.88	3.33	1.96	2.22	3.02	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	215	225	247	218	209	206	213	208	191	189	197
Debt-free Net Working Capital (DFNWC)	585	610	571	590	596	542	485	470	460	451	397
Net Working Capital (NWC)	579	604	564	584	590	535	482	468	457	449	387
Net Nonoperating Expense (NNE)	-0.97	0.94	-0.59	-0.85	-0.56	2.26	2.05	4.36	7.02	6.22	12
Net Nonoperating Obligations (NNO)	-290	-307	-280	-330	-346	-295	-260	-252	-259	-253	-183
Total Depreciation and Amortization (D&A)	12	12	13	13	13	13	14	14	14	13	14
Debt-free, Cash-free Net Working Capital to Revenue	26.46%	27.65%	31.04%	29.20%	30.24%	32.38%	37.78%	41.48%	42.90%	46.99%	50.28%
Debt-free Net Working Capital to Revenue	71.86%	75.09%	71.87%	79.10%	86.39%	85.13%	85.84%	93.92%	103.42%	112.22%	101.64%
Net Working Capital to Revenue	71.12%	74.31%	71.06%	78.26%	85.50%	84.14%	85.34%	93.45%	102.83%	111.78%	98.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.52	$0.46	$0.33	$0.22	$0.08	($0.04)	($0.31)	($0.34)	($0.39)	($0.45)	($0.66)
Adjusted Weighted Average Basic Shares Outstanding	47.98M	48.18M	47.34M	47.62M	47.62M	47.49M	47.13M	46.97M	46.82M	46.91M	46.65M
Adjusted Diluted Earnings per Share	$0.51	$0.44	$0.33	$0.22	$0.08	($0.04)	($0.31)	($0.34)	($0.39)	($0.45)	($0.66)
Adjusted Weighted Average Diluted Shares Outstanding	48.53M	48.80M	48.17M	48.03M	48.11M	48.03M	47.13M	46.97M	46.82M	46.91M	46.65M
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	47.63M	47.28M	47.53M	47.60M	47.51M	47.08M	47.09M	46.92M	46.61M	46.71M	46.50M
Normalized Net Operating Profit after Tax (NOPAT)	24	23	16	10.00	5.70	0.50	-13	-11	-11	-15	-14
Normalized NOPAT Margin	11.57%	11.81%	8.79%	5.92%	3.78%	0.36%	-11.69%	-10.89%	-11.57%	-16.08%	-14.97%
Pre Tax Income Margin	16.97%	13.66%	11.52%	10.08%	5.73%	-0.36%	-15.18%	-13.83%	-15.55%	-20.51%	-26.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	31.63	19.94	12.98	20.65	8.02	-3.44	-34.93	-115.78	-201.72	-217.46	-138.29
NOPAT to Interest Expense	21.58	18.07	10.08	13.40	4.34	0.31	-23.74	-79.23	-128.35	-152.92	-96.61
EBIT Less CapEx to Interest Expense	27.33	16.72	9.67	16.54	2.84	-8.58	-41.21	-129.38	-227.50	-248.01	-193.65
NOPAT Less CapEx to Interest Expense	17.28	14.85	6.77	9.28	-0.84	-4.84	-30.02	-92.84	-154.13	-183.46	-151.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	47.24%	52.37%	53.04%	50.18%	45.35%	83.96%	-1,425.97%	-127.46%	-78.71%	-38.65%	-28.77%

Key Financial Trends

Here’s a snapshot of Cohu’s financial trends for Q1 2025 compared with prior periods:

Cash & equivalents of $151.9 M (vs. $191.1 M in Q1 2024) supports strong liquidity.
Net debt is negative $183.1 M, reflecting a net cash position.
Current ratio of 5.20× and quick ratio of 3.20× indicate ample short-term coverage.
Short-term investments of $48.9 M bolster the investment portfolio.
Weighted shares outstanding held steady at ~46.5 M.
R&D spend remains elevated at $23.2 M (23.9% of revenue), in line with growth‐oriented strategy.
Revenue fell 10.1% year-over-year to $96.8 M, marking the third consecutive quarterly decline.
GAAP net loss widened to $30.8 M (EPS –$0.66) from a $14.6 M loss (–$0.31) a year ago.
Operating margin dropped to –28.2%, compared with –16.7% in Q1 2024.
Free cash flow to firm was negative $8.9 M, pressuring overall cash generation.

07/15/25 01:15 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Cohu's Financials

When does Cohu's financial year end?

According to the most recent income statement we have on file, Cohu's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Cohu's net income changed over the last 10 years?

Cohu's net income appears to be on an upward trend, with a most recent value of -$69.82 million in 2024, falling from $8.71 million in 2014. The previous period was $28.16 million in 2023. Find out what analysts predict for Cohu in the coming months.

What is Cohu's operating income?

Cohu's total operating income in 2024 was -$71.67 million, based on the following breakdown:

Total Gross Profit: $180.29 million
Total Operating Expenses: $251.96 million

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

Over the last 10 years, Cohu's total revenue changed from $316.63 million in 2014 to $401.78 million in 2024, a change of 26.9%.

How much debt does Cohu have?

Cohu's total liabilities were at $142.52 million at the end of 2024, a 28.8% decrease from 2023, and a 45.9% increase since 2014.

How much cash does Cohu have?

In the past 10 years, Cohu's cash and equivalents has ranged from $70.89 million in 2014 to $290.20 million in 2021, and is currently $206.41 million as of their latest financial filing in 2024.

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

Over the last 10 years, Cohu's book value per share changed from 9.68 in 2014 to 18.38 in 2024, a change of 90.0%.

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This page (NASDAQ:COHU) was last updated on 7/15/2025 by MarketBeat.com Staff

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Cohu (COHU) Financials

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