NYSE · Financial Statements

Coherent Corp. (COHR) Financial Statements

$209.29 NYSE: COHR Market Cap $41.22B

Coherent Corp. most recently reported annual revenue of $7.1B, net profit of $805.0M. Revenue grew at an average annual rate of 18.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Coherent Corp.: Revenue rose from $972.0M in 2017 to $7.1B in 2026, a change of +632.3% over 9 years; net profit was positive in 7 of 10 reported years; operating margin moved from 11.9% to 12.7%, a shift of +0.8 percentage points; the most recent year shows net profit of $805.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$972.0M$1.2B$1.4B$2.4B$3.1B$3.3B$5.2B$4.7B$5.8B$7.1B
Operating Expenses$856.0M$1.0B$1.2B$2.3B$2.7B$2.9B$4.9B$4.6B$5.3B$6.2B
Operating Profit$116.0M$137.0M$149.0M$127.0M$402.0M$414.0M$280.0M$123.0M$549.0M$902.0M
Operating Margin11.9%11.8%10.9%5.3%12.9%12.5%5.4%2.6%9.4%12.7%
Other Income$3.0M$-15.0M$-20.0M$-191.0M$-50.0M$-132.0M$-636.0M$-271.0M$-455.0M$-54.0M
Interest$7.0M$18.0M$22.0M$89.0M$60.0M$121.0M$287.0M$288.0M$243.0M$190.0M
Depreciation$64.0M$81.0M$92.0M$221.0M$270.0M$287.0M$682.0M$560.0M$554.0M$522.0M
Profit Before Tax$119.0M$122.0M$129.0M$-64.0M$353.0M$282.0M$-356.0M$-148.0M$94.0M$848.0M
Tax$19.8M$28.0M$16.5M$-4.8M$15.6M$16.7M$27.0M$-7.5M$68.1M$7.2M
Net Profit$95.0M$88.0M$108.0M$-67.0M$298.0M$235.0M$-259.0M$-156.0M$49.0M$805.0M
EPS$1.48$1.35$1.63$-0.79$2.37$1.45$-2.93$-1.84$-0.52$4.12
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.1B$1.1B$1.2B$1.3B$1.3B$1.4B$1.5B$1.5B$1.6B$1.7B$1.8B$2.0B
Operating Expenses$1.1B$1.1B$1.2B$1.2B$1.2B$1.3B$1.4B$1.4B$1.4B$1.5B$1.6B$1.8B
Operating Profit$-18.0M$30.0M$34.0M$77.0M$100.0M$145.0M$146.0M$159.0M$172.0M$199.0M$226.0M$254.0M
Operating Margin-1.7%2.7%2.8%5.9%7.4%10.1%9.7%10.4%10.9%11.8%12.5%12.4%
Interest$73.0M$75.0M$73.0M$68.0M$67.0M$64.0M$57.0M$188.0M$59.0M$46.0M$45.0M$41.0M
Profit Before Tax$-88.0M$-37.0M$0$10.0M$19.0M$128.0M$10.0M$-63.0M$217.0M$168.0M$184.0M$279.0M
Tax$23.5M$23.9M$4.1B$574.6M$-28.8M$20.9M$82.2M$-54.7M$-3.8M$14.4M$1.4M$15.2M
Net Profit$-68.0M$-27.0M$-13.0M$-48.0M$26.0M$103.0M$16.0M$-96.0M$226.0M$147.0M$191.0M$241.0M
EPS$-0.65$-0.38$-0.29$-0.52$-0.04$0.44$-0.11$-0.83$1.19$0.76$0.97$1.19

Over the 10 years reported for Coherent Corp., borrowings increased from $365.0M in 2017 to $3.5B in 2026, cash stood at $1.2B in the latest year, shareholders' equity was $9.8B, current assets covered current liabilities 2.43 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$1.5B$1.8B$2.0B$5.2B$6.5B$7.8B$13.7B$14.5B$14.9B$18.3B
Current Assets$702.0M$762.0M$813.0M$1.8B$3.0B$4.3B$3.3B$3.7B$3.9B$6.9B
Cash$272.0M$247.0M$205.0M$493.0M$1.6B$2.6B$821.0M$926.0M$909.0M$1.2B
Inventory$204.0M$248.0M$296.0M$620.0M$696.0M$903.0M$1.3B$1.3B$1.4B$2.6B
Receivables$193.0M$215.0M$270.0M$598.0M$659.0M$700.0M$902.0M$849.0M$1.0B$1.3B
Fixed Assets$368.0M$525.0M$583.0M$1.2B$1.2B$1.4B$1.8B$1.8B$1.9B$21.3B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$12.0M$69.0M$76.0M$74.0M$0$0$0$0$0$825.0M
Other Assets$250.0M$271.0M$320.0M$1.2B$1.3B$1.3B$4.5B$4.5B$4.5B$4.4B
Total Liabilities$577.0M$737.0M$821.0M$3.2B$2.4B$3.5B$6.5B$6.5B$6.4B$7.1B
Current Liabilities$185.0M$236.0M$271.0M$673.0M$730.0M$1.3B$1.1B$1.3B$1.8B$2.9B
Borrowings$365.0M$439.0M$467.0M$2.4B$1.5B$2.4B$4.5B$4.3B$3.9B$3.5B
Other Liabilities$211.0M$298.0M$354.0M$783.0M$854.0M$1.0B$2.0B$2.2B$2.5B$3.5B
Equity$270.0M$352.0M$382.0M$1.5B$2.0B$2.1B$3.8B$4.9B$5.1B$9.8B
Reserves$901.0M$1.0B$1.1B$2.1B$4.1B$4.4B$7.2B$7.6B$8.1B$10.9B

For Coherent Corp., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was negative at $1.0B; free cash flow was positive in 8 of 10 years; financing activities used $86.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$119.0M$161.0M$178.0M$297.0M$574.0M$413.0M$634.0M$546.0M$634.0M$80.0M
Investing Cash Flow$-316.0M$-438.0M$-361.0M$-1.3B$-319.0M$-634.0M$-6.4B$-698.0M$-855.0M$-2.5B
Financing Cash Flow$8.0M$-56.0M$-10.0M$-83.0M$-48.0M$-16.0M$1.2B$987.0M$-5.0M$-86.0M
Net Cash Flow$53.0M$-25.0M$-42.0M$288.0M$1.1B$990.0M$-1.7B$952.0M$-157.0M$135.0M
Free Cash Flow$-20.0M$8.0M$41.0M$160.0M$428.0M$99.0M$198.0M$199.0M$193.0M$-1.0B

Valuation & Return Ratios

MetricValue
PEG Ratio0.04
EV / EBITDA38.19
FCF Yield-1.80%
Quick Ratio1.52
Interest Coverage4.47
Return 1Y72.23%
Return 3Y567.38%
Return 5Y401.70%

Coherent Corp. (COHR) financials — frequently asked questions

What is Coherent Corp.'s annual revenue?

Coherent Corp. (COHR) reported annual revenue of $7.1B in its most recent fiscal year.

What is Coherent Corp.'s net profit?

Coherent Corp. (COHR) reported net profit of $805.0M in its most recent fiscal year.

What is COHR EV/EBITDA?

Coherent Corp.'s enterprise value to EBITDA (EV/EBITDA) ratio is 38.19.

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