COHRCoherent Corp.
$192.87+45% 1Y
$192.87
$128.7052 weeks$426.89
The business
How COHR's business earns
Coherent Corp. earns 5.8% on the capital it employs against an estimated 9.0% cost of capital.
5.8%
Return on invested capital · cost of capital 9.0% · 3.2 points below the estimated cost of capital
- Operating margin
- 13%
Operating margin · Scientific & Technical Instruments median 18% · 12 months to Sep 30, 2026
- Cash conversion
- −0.06×
Cash conversion · 2.29× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- +5.9%
Share count, year on year · more shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2021 | 13% |
| FY2022 | 12% |
| FY2023 | −0.72% |
| FY2024 | 2.0% |
| FY2025 | 1.6% |
| FY2026 | 12% |
Details›
- Gross margin12 months to Sep 30, 2026
- 38%
- Operating margin12 months to Sep 30, 2026
- 13%
- Net margin12 months to Sep 30, 2026
- 12%
- Free cash flow margin
- −23%
- R&D as % of revenue
- 10%
- Revenue, trailing twelve months
- $7.91B
- Free cash flow, trailing twelve months
- −$1.83B
- Net income, trailing twelve months
- $963M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Scientific & Technical Instruments
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