📊 COHR Key Takeaways
Investment Thesis
Coherent demonstrates solid profitability with 11.4% net margins and reasonable financial leverage (0.39x debt/equity), but significant operational concerns emerge from negative free cash flow (-$153.7M) despite positive operating cash flow, suggesting heavy capital intensity outpaces cash generation. The 1.7x interest coverage ratio indicates limited buffer for debt service, and low returns on equity (4.4%) and assets (2.5%) raise questions about capital efficiency despite the substantial $15.1B asset base.
COHR Strengths
- Strong gross asset base of $15.1B with solid stockholders' equity of $8.5B
- Adequate net profit margin of 11.4% and operating margin of 11.8% demonstrating pricing power
- Conservative leverage ratio of 0.39x debt/equity providing balance sheet flexibility
- Healthy current ratio of 2.25x indicating adequate short-term liquidity
COHR Risks
- Negative free cash flow of -$153.7M with capex ($257.5M) exceeding operating cash flow ($103.9M) raising sustainability concerns
- Weak interest coverage ratio of 1.7x provides minimal cushion for debt obligations and economic downturns
- Exceptionally low returns on equity (4.4%) and assets (2.5%) suggest inefficient capital deployment relative to asset base
- Significant capex burden (-4.7% FCF margin) indicates ongoing investment pressures that may limit shareholder returns
- Elevated insider trading activity (18 Form 4 filings in 90 days) warrants monitoring for insider sentiment
Key Metrics to Watch
- Free cash flow trend and capex as percentage of revenue to assess if capital intensity is improving
- Operating cash flow growth relative to revenue to evaluate cash conversion quality
- Return on equity and return on assets progression toward industry benchmarks
- Interest coverage ratio movement and debt refinancing capacity
- Gross margin trends if disclosed to understand pricing and cost structure
COHR Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.25x current ratio provides a solid financial cushion.
COHR Profitability Ratios
COHR vs Default Sector
How COHERENT CORP. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
COHR Balance Sheet & Liquidity
COHR 5-Year Financial Trend
5-Year Trend Summary: COHERENT CORP.'s revenue has grown significantly by 87% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.93 indicates the company is currently unprofitable.
COHR Growth Metrics (YoY)
COHR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $1.4B | $103.4M | $0.41 |
| Q1 2026 | $1.3B | $25.9M | $-0.04 |
| Q3 2025 | $1.2B | -$13.2M | $-0.11 |
| Q2 2025 | $1.1B | -$27.0M | $-0.38 |
| Q1 2025 | $1.1B | $25.9M | $-0.04 |
| Q3 2024 | $1.2B | $2.5M | $-0.24 |
| Q2 2024 | $1.1B | -$27.0M | $-0.38 |
| Q1 2024 | $1.1B | -$38.7M | $-0.56 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
COHR Capital Allocation
COHR SEC Filings
Access official SEC EDGAR filings for COHERENT CORP. (CIK: 0000820318)
📋 Recent SEC Filings
❓ Frequently Asked Questions about COHR
What is the AI rating for COHR?
COHERENT CORP. (COHR) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are COHR's key strengths?
Strong gross asset base of $15.1B with solid stockholders' equity of $8.5B. Adequate net profit margin of 11.4% and operating margin of 11.8% demonstrating pricing power.
What are the risks of investing in COHR?
Negative free cash flow of -$153.7M with capex ($257.5M) exceeding operating cash flow ($103.9M) raising sustainability concerns. Weak interest coverage ratio of 1.7x provides minimal cushion for debt obligations and economic downturns.
What is COHR's revenue and growth?
COHERENT CORP. reported revenue of $3.3B.
Does COHR pay dividends?
COHERENT CORP. does not currently pay dividends.
Where can I find COHR SEC filings?
Official SEC filings for COHERENT CORP. (CIK: 0000820318) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is COHR's EPS?
COHERENT CORP. has a diluted EPS of $1.95.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.