Coherent (COHR) Financials

$80.46 +2.22 (+2.83%)

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

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-17	71	-5.95	-80	-44	-58	-98	-215	-34	-81	-74
Consolidated Net Income / (Loss)	1.77	102	25	-47	-16	-28	-68	-178	2.55	-45	-39
Net Income / (Loss) Continuing Operations	1.77	102	25	-47	-16	-28	-68	-178	2.55	-45	-39
Total Pre-Tax Income	9.89	128	19	9.91	-32	-37	-88	-233	-4.75	-66	-51
Total Operating Income	9.89	128	19	-211	41	-37	-88	-441	70	4.55	11
Total Gross Profit	528	509	460	432	366	351	307	343	420	411	444
Total Revenue	1,498	1,435	1,348	1,314	1,209	1,131	1,053	1,205	1,240	1,370	1,345
Operating Revenue	1,498	1,435	1,348	1,314	1,209	1,131	1,053	1,205	1,240	1,370	1,345
Total Cost of Revenue	970	925	888	882	842	781	746	862	820	959	901
Operating Cost of Revenue	970	925	888	882	842	781	746	862	820	959	901
Total Operating Expenses	518	381	441	643	326	388	395	785	350	407	433
Selling, General & Admin Expense	231	221	229	228	205	209	212	256	226	274	280
Research & Development Expense	151	144	132	127	127	111	113	123	126	129	121
Other Operating Expenses / (Income)	62	8.46	56	274	-19	69	67	286	-3.05	3.70	32
Restructuring Charge	74	8.02	24	14	12	-1.57	3.02	119	0.00	0.00	0.00
Total Other Income / (Expense), net	0.00	0.00	0.00	221	-73	0.00	0.00	208	-75	-71	-62
Income Tax Expense	8.13	27	-5.56	57	-16	-8.93	-21	-55	-7.29	-21	-12
Preferred Stock Dividends Declared	33	32	32	31	31	31	30	37	36	36	36
Net Income / (Loss) Attributable to Noncontrolling Interest	-14	-1.84	-1.03	-	-2.54	-1.48	0.00	-	0.00	0.00	-
Basic Earnings per Share	($0.11)	$0.46	($0.04)	($0.52)	($0.29)	($0.38)	($0.65)	($1.55)	($0.24)	($0.58)	($0.56)
Weighted Average Basic Shares Outstanding	155.44M	154.97M	154.66M	153.30M	152.46M	151.81M	151.48M	150.40M	139.38M	138.96M	138.69M
Diluted Earnings per Share	($0.11)	$0.44	($0.04)	($0.52)	($0.29)	($0.38)	($0.65)	($1.55)	($0.24)	($0.58)	($0.56)
Weighted Average Diluted Shares Outstanding	155.44M	154.97M	154.66M	153.30M	152.46M	151.81M	151.48M	150.40M	139.38M	138.96M	138.69M
Weighted Average Basic & Diluted Shares Outstanding	155.44M	154.97M	154.66M	153.30M	152.46M	151.81M	151.48M	150.40M	139.38M	138.96M	138.69M

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

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	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-43	-114	-7.23	-2.77	-28	876	107	-68	-13	14	-1,678
Net Cash From Operating Activities	163	187	153	162	117	67	199	182	152	220	80
Net Cash From Continuing Operating Activities	163	187	153	162	117	67	199	182	152	220	80
Net Income / (Loss) Continuing Operations	1.77	102	25	-47	-16	-28	-68	-178	2.55	-45	-39
Consolidated Net Income / (Loss)	1.77	102	25	-47	-16	-28	-68	-178	2.55	-45	-39
Depreciation Expense	59	63	66	72	67	67	66	70	68	65	65
Amortization Expense	92	77	77	76	77	77	76	140	98	109	87
Non-Cash Adjustments To Reconcile Net Income	82	19	65	1.58	18	10	32	113	31	29	83
Changes in Operating Assets and Liabilities, net	-73	-73	-80	60	-29	-58	92	37	-48	63	-116
Net Cash From Investing Activities	-112	-106	-66	-102	-93	-91	-64	-95	-97	-108	-5,628
Net Cash From Continuing Investing Activities	-112	-106	-66	-102	-93	-91	-64	-95	-97	-108	-5,628
Purchase of Property, Plant & Equipment	-112	-106	-92	-100	-93	-91	-62	-93	-97	-107	-139
Other Investing Activities, net	0.09	-0.38	-0.75	-1.78	-0.14	-	-1.98	-1.75	-	-1.55	-0.71
Net Cash From Financing Activities	-120	-141	-126	-62	-39	877	-18	-128	-74	-157	3,913
Net Cash From Continuing Financing Activities	-120	-141	-126	-62	-39	877	-18	-128	-74	-157	3,913
Repayment of Debt	-170	-133	-118	-64	-77	-89	-19	-121	-79	-134	-1,127
Issuance of Common Equity	18	4.83	24	6.20	20	1,001	15	2.66	14	0.32	7.43
Other Financing Activities, net	-3.90	-13	-32	-3.49	-1.26	-3.69	-14	-2.34	-1.32	-9.63	-41
Effect of Exchange Rate Changes	26	-	-	-	-	-	-9.46	-	-	-	-
Cash Interest Paid	45	79	63	88	65	92	67	92	64	81	46
Cash Income Taxes Paid	41	32	34	43	16	23	15	26	32	17	15

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

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	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	3/31/2024	12/31/2023	9/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Total Assets	14,445	14,197	14,699	14,520	14,663	13,521	14,118	14,109	13,831	7,767
Total Current Assets	3,700	3,497	3,630	3,550	3,422	3,244	3,407	3,416	3,395	4,234
Cash & Equivalents	890	918	1,020	899	856	941	901	913	899	2,600
Restricted Cash	19	12	51	184	177	-	-	-	-	-
Accounts Receivable	1,010	892	820	956	856	796	924	957	975	653
Inventories, net	1,392	1,345	1,386	1,292	1,292	1,281	1,394	1,367	1,347	880
Prepaid Expenses	364	307	328	202	217	206	161	154	151	85
Current Deferred & Refundable Income Taxes	25	24	25	19	24	20	26	25	23	16
Plant, Property, & Equipment, net	1,936	1,890	1,875	1,851	1,849	1,775	1,911	1,876	1,804	1,320
Total Noncurrent Assets	8,809	8,810	9,194	9,119	9,392	8,502	8,800	8,817	8,632	2,213
Goodwill	4,458	4,391	4,596	4,493	4,566	4,460	4,505	4,427	5,285	1,293
Intangible Assets	3,283	3,314	3,515	3,586	3,705	3,696	3,954	4,029	2,985	658
Noncurrent Deferred & Refundable Income Taxes	53	54	54	39	48	39	34	31	28	39
Other Noncurrent Operating Assets	1,016	1,052	1,030	1,000	1,074	307	307	331	334	224
Total Liabilities & Shareholders' Equity	14,445	14,197	14,699	14,520	14,663	13,521	14,118	14,109	13,831	7,767
Total Liabilities	6,276	6,232	6,431	6,481	6,517	6,418	6,667	6,748	6,668	3,383
Total Current Liabilities	1,497	1,309	1,358	1,311	1,188	1,083	1,107	1,133	1,183	2,124
Short-Term Debt	4.67	27	70	75	75	75	75	75	129	1,384
Accounts Payable	777	690	690	594	504	449	429	429	479	362
Accrued Expenses	313	239	258	309	272	281	311	306	304	173
Current Deferred & Payable Income Tax Liabilities	117	99	102	116	112	58	74	75	44	36
Current Employee Benefit Liabilities	242	214	197	177	187	183	178	208	188	141
Other Current Liabilities	43	41	42	38	38	37	40	39	39	28
Total Noncurrent Liabilities	4,779	4,923	5,073	5,171	5,329	5,335	5,559	5,615	5,485	1,259
Long-Term Debt	3,727	3,833	3,919	4,083	4,137	4,219	4,350	4,423	4,494	929
Noncurrent Deferred & Payable Income Tax Liabilities	674	713	751	748	814	743	847	826	619	75
Other Noncurrent Operating Liabilities	378	377	403	340	378	373	362	366	372	256
Redeemable Noncontrolling Interest	2,462	2,429	2,397	2,333	2,302	2,272	2,212	2,182	2,153	756
Total Equity & Noncontrolling Interests	5,707	5,536	5,872	5,706	5,844	4,832	5,239	5,179	5,009	3,628
Total Preferred & Common Equity	5,353	5,168	5,501	5,335	5,471	4,832	5,239	5,179	5,009	3,628
Total Common Equity	5,716	5,168	5,501	5,335	5,471	4,832	4,794	4,733	4,564	3,182
Common Stock	5,014	4,957	4,914	4,835	4,786	4,287	3,755	3,704	3,672	2,046
Retained Earnings	713	730	659	745	789	847	1,159	1,193	1,274	1,322
Treasury Stock	-363	-359	-345	-312	-311	-307	-291	-290	-280	-233
Accumulated Other Comprehensive Income / (Loss)	-11	-160	273	67	206	5.05	170	126	-101	48
Noncontrolling Interest	355	368	371	370	373	-	-	-	-	-

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

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

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.91%	26.80%	28.02%	9.07%	-2.53%	-17.43%	-21.68%	35.86%	49.83%	69.84%	69.10%
EBITDA Growth	43.94%	153.00%	203.07%	72.92%	-21.83%	-40.62%	-67.02%	-512.84%	26.66%	5.00%	-6.83%
EBIT Growth	131.05%	443.26%	121.86%	52.25%	-41.93%	-922.13%	-912.23%	-1,757.10%	-33.88%	-95.28%	-89.41%
NOPAT Growth	107.92%	487.79%	140.22%	423.76%	-41.93%	-922.13%	-912.23%	-1,359.27%	-40.47%	-96.13%	-90.99%
Net Income Growth	111.22%	456.60%	136.81%	73.62%	-717.83%	36.82%	-74.52%	-508.46%	-94.80%	-166.62%	-151.97%
EPS Growth	62.07%	215.79%	93.85%	66.45%	-20.83%	34.48%	-16.07%	-773.91%	-185.71%	-231.82%	-212.00%
Operating Cash Flow Growth	38.77%	178.97%	-23.05%	-10.58%	-22.96%	-69.54%	149.82%	32.19%	324.32%	17.44%	52.05%
Free Cash Flow Firm Growth	177.28%	231.02%	-291.06%	110.98%	98.37%	94.21%	105.37%	-3,241.10%	-5,485.89%	-919,553.96%	-6,233.79%
Invested Capital Growth	-1.11%	-3.79%	6.98%	2.25%	1.28%	3.46%	-3.96%	161.02%	167.90%	176.79%	171.46%
Revenue Q/Q Growth	4.41%	6.42%	2.57%	8.73%	6.84%	7.44%	-12.61%	-2.83%	-9.49%	1.91%	51.59%
EBITDA Q/Q Growth	-39.62%	64.77%	359.07%	-133.90%	2.53%	97.37%	123.15%	-197.85%	32.83%	9.62%	189.76%
EBIT Q/Q Growth	-92.30%	565.20%	109.16%	-615.33%	9.74%	57.64%	80.00%	-726.69%	1,448.04%	-58.15%	145.74%
NOPAT Q/Q Growth	-98.26%	308.44%	-97.51%	3,394.07%	9.74%	57.64%	80.00%	-726.69%	1,448.04%	-58.15%	135.94%
Net Income Q/Q Growth	-98.26%	308.44%	152.87%	-198.95%	44.76%	57.84%	62.11%	-7,100.55%	105.65%	-16.47%	-188.68%
EPS Q/Q Growth	-125.00%	1,200.00%	92.31%	-79.31%	23.68%	41.54%	58.06%	-545.83%	58.62%	-3.57%	-343.48%
Operating Cash Flow Q/Q Growth	-13.03%	22.49%	-5.76%	38.23%	74.83%	-66.21%	9.51%	19.10%	-30.87%	177.08%	-42.05%
Free Cash Flow Firm Q/Q Growth	-76.33%	175.27%	-192.82%	780.74%	68.37%	-209.76%	105.34%	-1.23%	2.27%	-1.73%	-3,219.84%
Invested Capital Q/Q Growth	0.88%	-2.60%	2.19%	-1.52%	-1.85%	8.30%	-2.32%	-2.46%	0.27%	0.54%	165.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.23%	35.50%	34.13%	32.86%	30.32%	30.99%	29.14%	28.49%	33.88%	30.01%	32.99%
EBITDA Margin	10.80%	18.67%	12.06%	-4.77%	15.31%	9.36%	5.09%	-19.23%	19.09%	13.01%	12.09%
Operating Margin	0.66%	8.95%	1.43%	-16.04%	3.38%	-3.31%	-8.38%	-36.63%	5.68%	0.33%	0.81%
EBIT Margin	0.66%	8.95%	1.43%	-16.04%	3.38%	-3.31%	-8.38%	-36.63%	5.68%	0.33%	0.81%
Profit (Net Income) Margin	0.12%	7.08%	1.84%	-3.58%	-1.30%	-2.52%	-6.41%	-14.79%	0.21%	-3.29%	-2.88%
Tax Burden Percent	17.85%	79.08%	128.79%	-474.62%	49.39%	76.12%	76.49%	76.35%	-53.63%	67.93%	75.85%
Interest Burden Percent	100.00%	100.00%	100.00%	-4.70%	-77.87%	100.00%	100.00%	52.88%	-6.74%	-1,458.33%	-469.30%
Effective Tax Rate	82.15%	20.92%	-28.79%	574.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.06%	3.38%	0.85%	33.10%	0.99%	-0.96%	-2.68%	-17.87%	2.55%	0.14%	0.29%
ROIC Less NNEP Spread (ROIC-NNEP)	0.06%	3.38%	0.85%	0.75%	-0.36%	-1.03%	-2.84%	-9.69%	-0.34%	-2.83%	-2.32%
Return on Net Nonoperating Assets (RNNOA)	0.02%	1.28%	0.35%	0.32%	-0.15%	-0.45%	-1.41%	-2.66%	-0.09%	-0.79%	-0.72%
Return on Equity (ROE)	0.08%	4.66%	1.20%	33.42%	0.83%	-1.41%	-4.09%	-20.54%	2.46%	-0.65%	-0.43%
Cash Return on Invested Capital (CROIC)	1.85%	4.43%	-7.00%	-3.18%	-3.67%	-6.52%	1.05%	-92.57%	-90.70%	-92.92%	-90.11%
Operating Return on Assets (OROA)	0.26%	3.29%	0.51%	-5.35%	1.09%	-1.06%	-2.98%	-17.54%	2.51%	0.14%	0.31%
Return on Assets (ROA)	0.05%	2.60%	0.65%	-1.19%	-0.42%	-0.81%	-2.28%	-7.08%	0.09%	-1.34%	-1.09%
Return on Common Equity (ROCE)	0.06%	3.08%	0.81%	21.48%	0.55%	-0.93%	-2.69%	-13.64%	1.66%	-0.44%	-0.29%
Return on Equity Simple (ROE_SIMPLE)	1.52%	1.23%	-1.21%	0.00%	-5.43%	-4.97%	-5.97%	0.00%	-0.72%	0.17%	2.43%
Net Operating Profit after Tax (NOPAT)	1.77	102	25	1,000	29	-26	-62	-309	49	3.19	7.61
NOPAT Margin	0.12%	7.08%	1.84%	76.11%	2.37%	-2.31%	-5.87%	-25.64%	3.98%	0.23%	0.57%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	32.34%	1.34%	0.07%	0.16%	-8.19%	2.89%	2.96%	2.62%
Return On Investment Capital (ROIC_SIMPLE)	0.02%	1.08%	-	-	-	-0.26%	-	-	-	-	-
Cost of Revenue to Revenue	64.77%	64.50%	65.87%	67.14%	69.68%	69.01%	70.86%	71.51%	66.12%	69.99%	67.01%
SG&A Expenses to Revenue	15.45%	15.38%	16.98%	17.34%	16.97%	18.49%	20.10%	21.26%	18.25%	20.01%	20.83%
R&D to Revenue	10.06%	10.03%	9.76%	9.64%	10.55%	9.83%	10.78%	10.24%	10.19%	9.40%	9.01%
Operating Expenses to Revenue	34.57%	26.55%	32.70%	48.90%	26.93%	34.30%	37.53%	65.12%	28.20%	29.68%	32.18%
Earnings before Interest and Taxes (EBIT)	9.89	128	19	-211	41	-37	-88	-441	70	4.55	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	162	268	163	-63	185	106	54	-232	237	178	163
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	2.83	2.48	2.12	1.72	1.21	1.02	1.56	1.10	1.03	0.81
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	0.00	0.00
Price to Revenue (P/Rev)	1.80	2.76	2.72	2.35	2.00	1.42	1.01	1.38	1.09	1.10	0.96
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	106.37
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%	0.00%	0.00%	0.94%
Enterprise Value to Invested Capital (EV/IC)	1.43	1.87	1.73	1.53	1.35	1.10	1.01	1.24	1.05	1.01	0.92
Enterprise Value to Revenue (EV/Rev)	2.81	3.84	3.86	3.57	3.26	2.69	2.16	2.57	2.37	2.50	2.60
Enterprise Value to EBITDA (EV/EBITDA)	20.94	29.09	35.86	39.05	57.45	75.64	44.45	38.35	18.10	18.97	17.44
Enterprise Value to EBIT (EV/EBIT)	93.74	162.04	0.00	0.00	0.00	0.00	0.00	0.00	184.78	112.86	52.80
Enterprise Value to NOPAT (EV/NOPAT)	193.51	320.18	0.00	0.00	0.00	0.00	0.00	0.00	263.97	161.22	60.94
Enterprise Value to Operating Cash Flow (EV/OCF)	23.59	32.86	38.64	30.75	26.52	20.75	13.98	20.93	19.45	23.41	22.77
Enterprise Value to Free Cash Flow (EV/FCFF)	76.62	41.37	0.00	0.00	0.00	0.00	93.70	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.48	0.48	0.52	0.52	0.52	0.60	0.60	0.59	0.61	0.65
Long-Term Debt to Equity	0.46	0.48	0.47	0.51	0.51	0.51	0.59	0.59	0.58	0.60	0.63
Financial Leverage	0.36	0.38	0.41	0.43	0.43	0.44	0.50	0.28	0.27	0.28	0.31
Leverage Ratio	1.79	1.79	1.84	1.86	1.85	1.86	1.92	1.86	1.85	1.87	1.79
Compound Leverage Factor	1.79	1.79	1.84	-0.09	-1.44	1.86	1.92	0.98	-0.12	-27.25	-8.41
Debt to Total Capital	31.36%	32.64%	32.54%	34.04%	34.09%	34.08%	37.68%	37.35%	37.26%	37.93%	39.23%
Short-Term Debt to Total Capital	0.04%	0.23%	0.57%	0.61%	0.62%	0.60%	0.66%	0.65%	0.63%	0.63%	1.09%
Long-Term Debt to Total Capital	31.32%	32.41%	31.97%	33.42%	33.47%	33.48%	37.02%	36.70%	36.63%	37.30%	38.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.86%	3.75%	3.76%	3.78%
Noncontrolling Interests to Total Capital	23.66%	23.65%	22.58%	22.71%	22.17%	21.65%	19.93%	19.43%	18.62%	18.40%	18.27%
Common Equity to Total Capital	48.03%	43.71%	44.88%	43.25%	43.74%	44.27%	42.39%	39.37%	40.37%	39.91%	38.72%
Debt to EBITDA	4.98	5.51	7.40	9.54	15.94	25.59	18.12	12.46	6.98	7.70	8.03
Net Debt to EBITDA	3.76	4.18	5.42	6.98	11.79	19.31	14.15	10.05	5.56	6.14	6.47
Long-Term Debt to EBITDA	4.97	5.47	7.28	9.37	15.65	25.14	17.80	12.24	6.86	7.57	7.81
Debt to NOPAT	45.99	60.64	-142.29	-39.67	-15.70	-12.11	-13.49	-17.32	101.81	65.44	28.08
Net Debt to NOPAT	34.78	46.04	-104.08	-29.03	-11.62	-9.14	-10.53	-13.97	81.08	52.16	22.62
Long-Term Debt to NOPAT	45.93	60.22	-139.79	-38.96	-15.42	-11.90	-13.26	-17.02	100.09	64.35	27.30
Altman Z-Score	1.60	2.07	1.86	1.55	1.43	1.17	1.08	1.21	1.15	1.06	0.94
Noncontrolling Interest Sharing Ratio	31.82%	33.97%	32.78%	35.74%	34.61%	34.20%	34.14%	33.58%	32.60%	32.80%	33.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.47	2.67	2.67	2.72	2.71	2.88	2.99	3.01	3.08	3.02	2.87
Quick Ratio	1.27	1.38	1.35	1.32	1.41	1.44	1.60	1.60	1.65	1.65	1.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	126	531	-705	759	-112	-405	369	-6,913	-6,829	-6,988	-6,869
Operating Cash Flow to CapEx	145.73%	177.30%	166.31%	162.48%	125.94%	73.43%	319.63%	195.07%	156.90%	206.33%	57.25%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-1.53	0.00	0.00	0.00	-90.83	-98.56	-110.99
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	1.61	0.00	0.00	0.00	2.03	3.11	1.29
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.33	0.00	0.00	0.00	0.74	1.60	-0.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.37	0.35	0.33	0.32	0.32	0.36	0.48	0.44	0.41	0.38
Accounts Receivable Turnover	5.69	6.07	6.19	5.38	4.89	5.11	5.50	6.44	6.14	5.68	4.72
Inventory Turnover	2.73	2.68	2.54	2.54	2.41	2.41	2.58	3.26	2.85	2.68	2.35
Fixed Asset Turnover	2.95	2.84	2.74	2.62	2.44	2.49	2.72	3.28	3.00	2.81	2.54
Accounts Payable Turnover	5.35	5.93	5.96	6.27	6.32	6.88	7.30	8.43	8.20	7.61	6.36
Days Sales Outstanding (DSO)	64.12	60.12	58.93	67.84	74.61	71.46	66.39	56.65	59.46	64.31	77.39
Days Inventory Outstanding (DIO)	133.58	135.98	143.42	143.61	151.71	151.24	141.59	112.07	128.02	136.32	155.14
Days Payable Outstanding (DPO)	68.24	61.59	61.24	58.19	57.75	53.07	50.03	43.29	44.51	47.94	57.36
Cash Conversion Cycle (CCC)	129.45	134.51	141.11	153.26	168.57	169.63	157.95	125.43	142.97	152.69	175.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,991	10,895	11,186	10,946	11,115	11,324	10,457	10,705	10,975	10,946	10,887
Invested Capital Turnover	0.51	0.48	0.46	0.43	0.42	0.42	0.46	0.70	0.64	0.59	0.52
Increase / (Decrease) in Invested Capital	-124	-429	730	241	140	379	-431	6,604	6,878	6,991	6,877
Enterprise Value (EV)	15,702	20,379	19,315	16,784	14,983	12,448	10,534	13,269	11,472	11,080	10,034
Market Capitalization	10,064	14,651	13,630	11,047	9,203	6,594	4,909	7,105	5,292	4,868	3,710
Book Value per Share	$36.88	$33.42	$35.88	$34.17	$35.14	$36.12	$32.13	$32.59	$34.50	$34.13	$32.91
Tangible Book Value per Share	($13.07)	($16.40)	($17.02)	($18.09)	($18.08)	($18.48)	($22.10)	($27.16)	($26.38)	($26.84)	($26.72)
Total Capital	11,901	11,825	12,257	12,046	12,197	12,358	11,398	11,539	11,876	11,859	11,786
Total Debt	3,732	3,860	3,989	4,100	4,158	4,212	4,294	4,310	4,425	4,498	4,623
Total Long-Term Debt	3,727	3,833	3,919	4,026	4,083	4,137	4,219	4,235	4,350	4,423	4,494
Net Debt	2,822	2,930	2,918	3,000	3,076	3,178	3,353	3,476	3,524	3,584	3,725
Capital Expenditures (CapEx)	112	106	92	100	93	91	62	93	97	107	139
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,298	1,286	1,271	1,290	1,233	1,275	1,294	1,415	1,473	1,445	1,442
Debt-free Net Working Capital (DFNWC)	2,208	2,215	2,342	2,390	2,315	2,308	2,235	2,248	2,374	2,358	2,341
Net Working Capital (NWC)	2,203	2,188	2,272	2,316	2,240	2,234	2,161	2,173	2,299	2,283	2,212
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	1,047	44	2.29	5.73	-131	47	48	46
Net Nonoperating Obligations (NNO)	2,822	2,930	2,918	3,000	3,076	3,178	3,353	3,476	3,524	3,584	3,725
Total Depreciation and Amortization (D&A)	152	139	143	148	144	143	142	210	166	174	152
Debt-free, Cash-free Net Working Capital to Revenue	23.20%	24.23%	25.41%	27.40%	26.81%	27.54%	26.58%	27.42%	30.42%	32.62%	37.30%
Debt-free Net Working Capital to Revenue	39.45%	41.75%	46.82%	50.77%	50.35%	49.86%	45.91%	43.57%	49.03%	53.24%	60.54%
Net Working Capital to Revenue	39.37%	41.24%	45.42%	49.20%	48.70%	48.25%	44.38%	42.12%	47.48%	51.55%	57.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.11)	$0.46	($0.04)	($0.52)	($0.29)	($0.38)	($0.65)	($1.55)	($0.24)	($0.58)	($0.56)
Adjusted Weighted Average Basic Shares Outstanding	155.44M	154.97M	154.66M	153.30M	152.46M	151.81M	151.48M	150.40M	139.38M	138.96M	138.69M
Adjusted Diluted Earnings per Share	($0.11)	$0.44	($0.04)	($0.52)	($0.29)	($0.38)	($0.65)	($1.55)	($0.24)	($0.58)	($0.56)
Adjusted Weighted Average Diluted Shares Outstanding	155.44M	154.97M	154.66M	153.30M	152.46M	151.81M	151.48M	150.40M	139.38M	138.96M	138.69M
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	155.44M	154.97M	154.66M	153.30M	152.46M	151.81M	151.48M	150.40M	139.38M	138.96M	138.69M
Normalized Net Operating Profit after Tax (NOPAT)	59	108	31	-138	37	-27	-60	-226	49	3.19	7.61
Normalized NOPAT Margin	3.91%	7.52%	2.27%	-10.48%	3.04%	-2.41%	-5.67%	-18.72%	3.98%	0.23%	0.57%
Pre Tax Income Margin	0.66%	8.95%	1.43%	0.75%	-2.63%	-3.31%	-8.38%	-19.37%	-0.38%	-4.84%	-3.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.56	0.00	0.00	0.00	0.94	0.06	0.18
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.39	0.00	0.00	0.00	0.66	0.04	0.12
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-0.72	0.00	0.00	0.00	-0.36	-1.44	-2.07
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-0.89	0.00	0.00	0.00	-0.64	-1.46	-2.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-2.38%	0.00%	0.00%	-10.64%	-73.43%	311.23%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-20.05%	-13.36%	-11.72%	0.00%	-26.83%	-185.17%	784.84%	34.54%

Frequently Asked Questions About Coherent's Financials

When does Coherent's financial year end?

According to the most recent income statement we have on file, Coherent's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Coherent's net income changed over the last 9 years?

Coherent's net income appears to be on a downward trend, with a most recent value of -$158.76 million in 2024, falling from $65.98 million in 2015. The previous period was -$259.46 million in 2023. Find out what analysts predict for Coherent in the coming months.

What is Coherent's operating income?

Coherent's total operating income in 2024 was -$147.65 million, based on the following breakdown:

Total Gross Profit: $1.46 billion
Total Operating Expenses: $1.60 billion

How has Coherent revenue changed over the last 9 years?

Over the last 9 years, Coherent's total revenue changed from $741.96 million in 2015 to $4.71 billion in 2024, a change of 534.5%.

How much debt does Coherent have?

Coherent's total liabilities were at $6.54 billion at the end of 2024, a 0.9% increase from 2023, and a 1,888.1% increase since 2015.

How much cash does Coherent have?

In the past 9 years, Coherent's cash and equivalents has ranged from $173.63 million in 2015 to $2.58 billion in 2022, and is currently $926.03 million as of their latest financial filing in 2024.

How has Coherent's book value per share changed over the last 9 years?

Over the last 9 years, Coherent's book value per share changed from 11.94 in 2015 to 34.17 in 2024, a change of 186.2%.

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This page (NYSE:COHR) was last updated on 5/29/2025 by MarketBeat.com Staff

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Coherent (COHR) Financials

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Coherent (COHR) Financials

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