Cohu (COHU) Financials

$14.32 -0.07 (-0.49%)

As of 04/14/2025 04:00 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	97	28	-70
Consolidated Net Income / (Loss)	97	28	-70
Net Income / (Loss) Continuing Operations	97	28	-70
Total Pre-Tax Income	127	46	-65
Total Operating Income	126	43	-72
Total Gross Profit	383	303	180
Total Revenue	813	636	402
Operating Revenue	813	636	402
Total Cost of Revenue	429	333	221
Operating Cost of Revenue	429	333	221
Total Operating Expenses	258	260	252
Selling, General & Admin Expense	131	132	128
Research & Development Expense	93	89	85
Amortization Expense	33	36	39
Restructuring Charge	0.61	2.42	0.04
Total Other Income / (Expense), net	1.16	2.54	6.72
Interest Expense	4.49	3.75	0.86
Interest & Investment Income	4.01	12	9.98
Other Income / (Expense), net	1.64	-5.21	-2.40
Income Tax Expense	30	18	4.87
Basic Earnings per Share	$2.01	$0.59	($1.49)
Weighted Average Basic Shares Outstanding	48.18M	47.49M	46.91M
Diluted Earnings per Share	$1.98	$0.59	($1.49)
Weighted Average Diluted Shares Outstanding	48.80M	48.03M	46.91M
Weighted Average Basic & Diluted Shares Outstanding	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
Net Income / (Loss) Attributable to Common Shareholders	25	22	16	11	3.92	-2.03	-15	-16	-18	-21
Consolidated Net Income / (Loss)	25	22	16	11	3.92	-2.03	-15	-16	-18	-21
Net Income / (Loss) Continuing Operations	25	22	16	11	3.92	-2.03	-15	-16	-18	-21
Total Pre-Tax Income	35	26	21	17	8.64	-0.50	-16	-14	-15	-19
Total Operating Income	34	27	20	16	7.40	0.33	-18	-16	-16	-22
Total Gross Profit	98	93	86	80	71	65	49	47	45	39
Total Revenue	207	191	179	169	151	137	108	105	95	94
Operating Revenue	207	191	179	169	151	137	108	105	95	94
Total Cost of Revenue	109	98	93	89	80	72	58	58	51	55
Operating Cost of Revenue	109	98	93	89	80	72	58	58	51	55
Total Operating Expenses	64	66	66	65	63	65	67	63	60	61
Selling, General & Admin Expense	33	35	34	33	32	33	35	32	30	31
Research & Development Expense	23	23	23	22	21	22	22	21	20	21
Amortization Expense	8.21	8.10	8.75	9.01	8.86	9.74	9.80	9.75	9.79	9.75
Restructuring Charge	0.02	0.01	0.89	0.42	0.74	0.38	0.01	0.01	0.01	0.01
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
Interest Expense	1.11	1.25	1.50	0.73	0.77	0.75	0.53	0.14	0.09	0.10
Interest & Investment Income	1.13	2.46	2.72	2.73	3.21	2.85	2.71	2.33	2.61	2.33
Other Income / (Expense), net	1.34	-2.34	-0.44	-0.65	-1.20	-2.92	-0.54	-0.37	-1.58	0.10
Income Tax Expense	10	4.48	4.97	6.44	4.72	1.53	-1.70	1.29	3.23	2.06
Basic Earnings per Share	$0.52	$0.46	$0.33	$0.22	$0.08	($0.04)	($0.31)	($0.34)	($0.39)	($0.45)
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
Diluted Earnings per Share	$0.51	$0.44	$0.33	$0.22	$0.08	($0.04)	($0.31)	($0.34)	($0.39)	($0.45)
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
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

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	2022	2023	2024
Net Change in Cash & Equivalents	-48	3.18	-39
Net Cash From Operating Activities	113	101	2.78
Net Cash From Continuing Operating Activities	113	101	2.78
Net Income / (Loss) Continuing Operations	97	28	-70
Consolidated Net Income / (Loss)	97	28	-70
Depreciation Expense	46	50	52
Amortization Expense	1.52	1.58	1.59
Non-Cash Adjustments To Reconcile Net Income	20	30	31
Changes in Operating Assets and Liabilities, net	-51	-8.35	-13
Net Cash From Investing Activities	-68	-30	22
Net Cash From Continuing Investing Activities	-68	-30	22
Purchase of Property, Plant & Equipment	-15	-16	-11
Acquisitions	0.00	-70	0.00
Purchase of Investments	-209	-97	-82
Sale of Property, Plant & Equipment	0.35	0.22	0.11
Sale and/or Maturity of Investments	155	153	114
Net Cash From Financing Activities	-91	-68	-59
Net Cash From Continuing Financing Activities	-91	-68	-59
Repayment of Debt	-38	-39	-31
Repurchase of Common Equity	-51	-24	-27
Other Financing Activities, net	-2.12	-5.71	-0.73
Other Net Changes in Cash	-	0.06	-4.78
Cash Interest Paid	3.44	3.42	0.80
Cash Income Taxes Paid	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
Net Change in Cash & Equivalents	-48	9.94	-16	49	18	-48	-54	12	-14	17
Net Cash From Operating Activities	39	28	16	53	29	2.70	-14	1.10	17	-1.72
Net Cash From Continuing Operating Activities	39	28	16	53	29	2.70	-14	1.10	17	-1.72
Net Income / (Loss) Continuing Operations	25	22	16	11	3.92	-2.03	-15	-16	-18	-21
Consolidated Net Income / (Loss)	25	22	16	11	3.92	-2.03	-15	-16	-18	-21
Depreciation Expense	11	11	12	12	12	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
Non-Cash Adjustments To Reconcile Net Income	7.12	0.74	7.45	7.71	7.70	7.47	7.48	9.20	6.89	7.69
Changes in Operating Assets and Liabilities, net	-4.09	-6.42	-19	22	5.01	-16	-20	-5.94	15	-1.27
Net Cash From Investing Activities	-54	-9.55	14	-1.53	-0.50	-42	6.82	19	-22	18
Net Cash From Continuing Investing Activities	-54	-9.55	14	-1.53	-0.50	-42	6.82	19	-22	18
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
Purchase of Investments	-82	-54	-17	-27	-30	-24	-22	-4.56	-39	-16
Sale of Property, Plant & Equipment	0.21	0.05	0.12	0.07	-	0.02	0.00	0.06	0.04	0.02
Sale and/or Maturity of Investments	32	49	63	28	33	29	32	26	19	37
Net Cash From Financing Activities	-30	-12	-47	-2.64	-6.00	-12	-44	-7.26	-8.21	0.86
Net Cash From Continuing Financing Activities	-30	-12	-47	-2.64	-6.00	-12	-44	-7.26	-8.21	0.86
Repayment of Debt	-12	-1.29	-35	-1.17	-1.01	-1.32	-30	-0.61	-0.13	-0.97
Repurchase of Common Equity	-18	-13	-3.48	-2.70	-4.68	-13	-11	-8.19	-8.07	-0.03
Other Financing Activities, net	-0.04	-2.00	-0.02	-0.02	-0.01	-5.66	-0.01	-0.00	-0.01	-0.71
Cash Interest Paid	0.80	1.18	1.78	0.67	0.25	0.72	0.74	0.02	0.02	0.03
Cash Income Taxes Paid	5.43	6.93	3.76	5.44	5.21	30	6.10	7.16	6.52	5.14

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	2022	2023	2024
Total Assets	1,227	1,150	999
Total Current Assets	765	639	534
Cash & Equivalents	242	246	206
Short-Term Investments	143	90	56
Accounts Receivable	176	125	92
Inventories, net	170	156	142
Prepaid Expenses	24	18	19
Other Current Assets	8.97	5.01	19
Plant, Property, & Equipment, net	65	69	75
Total Noncurrent Assets	398	442	390
Goodwill	214	242	235
Intangible Assets	140	152	111
Other Noncurrent Operating Assets	44	49	45
Total Liabilities & Shareholders' Equity	1,227	1,150	999
Total Liabilities	299	200	143
Total Current Liabilities	161	103	85
Short-Term Debt	6.31	6.32	1.75
Accounts Payable	52	34	31
Accrued Expenses	23	19	24
Current Deferred Revenue	6.89	4.75	2.76
Current Deferred & Payable Income Tax Liabilities	27	4.02	2.39
Current Employee Benefit Liabilities	38	32	20
Other Current Liabilities	8.02	3.59	3.59
Total Noncurrent Liabilities	138	97	57
Long-Term Debt	73	34	7.05
Noncurrent Deferred Revenue	6.49	7.07	5.69
Noncurrent Deferred & Payable Income Tax Liabilities	21	23	19
Noncurrent Employee Benefit Liabilities	10	11	8.48
Other Noncurrent Operating Liabilities	27	21	17
Total Equity & Noncontrolling Interests	929	950	857
Total Preferred & Common Equity	929	950	857
Preferred Stock	0.00	0.00	0.00
Total Common Equity	929	950	857
Common Stock	736	736	747
Retained Earnings	290	319	249
Treasury Stock	-58	-69	-88
Accumulated Other Comprehensive Income / (Loss)	-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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,198	1,188	1,188	1,168	1,074	1,039	1,032
Total Current Assets	749	709	722	719	573	546	542
Cash & Equivalents	232	227	275	293	191	203	189
Short-Term Investments	137	98	97	94	80	59	80
Accounts Receivable	188	176	144	130	116	103	92
Inventories, net	165	176	174	167	152	146	144
Prepaid Expenses	24	32	29	31	24	20	20
Other Current Assets	1.97	0.59	2.83	2.72	10	15	17
Plant, Property, & Equipment, net	62	67	67	67	76	75	77
Total Noncurrent Assets	387	411	399	382	425	418	413
Goodwill	203	224	224	221	238	237	243
Intangible Assets	143	144	135	125	141	131	123
Other Noncurrent Operating Assets	41	43	40	37	46	50	48
Total Liabilities & Shareholders' Equity	1,198	1,188	1,188	1,168	1,074	1,039	1,032
Total Liabilities	316	249	235	221	159	143	148
Total Current Liabilities	171	145	138	128	91	79	85
Short-Term Debt	6.03	6.42	6.26	6.17	2.80	2.38	2.61
Accounts Payable	70	55	46	37	30	22	23
Accrued Expenses	21	21	19	20	25	25	27
Current Deferred Revenue	8.91	13	11	6.74	4.59	2.80	2.10
Current Deferred & Payable Income Tax Liabilities	15	18	24	23	2.46	2.77	1.92
Current Employee Benefit Liabilities	40	27	28	32	23	21	24
Other Current Liabilities	9.80	5.74	4.07	4.54	3.02	3.33	4.05
Total Noncurrent Liabilities	145	104	96	93	68	64	63
Long-Term Debt	73	38	36	35	8.02	7.59	7.91
Noncurrent Deferred Revenue	5.01	7.18	6.41	6.30	5.31	5.37	4.95
Noncurrent Deferred & Payable Income Tax Liabilities	23	23	22	22	23	22	22
Noncurrent Employee Benefit Liabilities	17	10	8.28	7.94	11	10	11
Other Noncurrent Operating Liabilities	27	25	24	21	21	19	18
Total Equity & Noncontrolling Interests	882	939	953	946	915	896	885
Total Preferred & Common Equity	882	939	953	946	915	896	885
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	882	939	953	946	915	896	885
Common Stock	731	720	726	729	728	735	740
Retained Earnings	269	306	317	321	304	288	270
Treasury Stock	-45	-51	-52	-56	-73	-80	-88
Accumulated Other Comprehensive Income / (Loss)	-72	-37	-37	-47	-44	-47	-38

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

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-8.39%	-21.71%	-36.86%
EBITDA Growth	-30.88%	-48.84%	-122.36%
EBIT Growth	-37.01%	-70.07%	-294.58%
NOPAT Growth	-45.26%	-72.29%	-288.65%
Net Income Growth	-42.12%	-70.93%	-347.97%
EPS Growth	-42.61%	-70.20%	-352.54%
Operating Cash Flow Growth	15.26%	-10.09%	-97.26%
Free Cash Flow Firm Growth	-56.66%	-106.66%	121.26%
Invested Capital Growth	0.30%	5.28%	-7.86%
Revenue Q/Q Growth	-0.09%	-7.81%	-9.69%
EBITDA Q/Q Growth	5.12%	-22.28%	-2,426.68%
EBIT Q/Q Growth	5.49%	-41.93%	-34.36%
NOPAT Q/Q Growth	1.59%	-47.03%	-44.18%
Net Income Q/Q Growth	0.77%	-45.66%	-38.29%
EPS Q/Q Growth	0.00%	-44.86%	-37.96%
Operating Cash Flow Q/Q Growth	-0.22%	-19.68%	-61.40%
Free Cash Flow Firm Q/Q Growth	-26.78%	-115.06%	102.20%
Invested Capital Q/Q Growth	5.21%	9.18%	-3.55%
Profitability Metrics	-	-	-
Gross Margin	47.16%	47.60%	44.87%
EBITDA Margin	21.50%	14.05%	-4.97%
Operating Margin	15.45%	6.80%	-17.84%
EBIT Margin	15.65%	5.98%	-18.43%
Profit (Net Income) Margin	11.92%	4.42%	-17.38%
Tax Burden Percent	76.43%	61.45%	107.50%
Interest Burden Percent	99.63%	120.37%	87.69%
Effective Tax Rate	23.57%	38.55%	0.00%
Return on Invested Capital (ROIC)	15.45%	4.16%	-7.97%
ROIC Less NNEP Spread (ROIC-NNEP)	15.13%	3.64%	-0.80%
Return on Net Nonoperating Assets (RNNOA)	-4.75%	-1.17%	0.24%
Return on Equity (ROE)	10.69%	3.00%	-7.73%
Cash Return on Invested Capital (CROIC)	15.15%	-0.98%	0.21%
Operating Return on Assets (OROA)	10.23%	3.20%	-6.89%
Return on Assets (ROA)	7.79%	2.37%	-6.50%
Return on Common Equity (ROCE)	10.69%	3.00%	-7.73%
Return on Equity Simple (ROE_SIMPLE)	10.43%	2.96%	-8.15%
Net Operating Profit after Tax (NOPAT)	96	27	-50
NOPAT Margin	11.81%	4.18%	-12.49%
Net Nonoperating Expense Percent (NNEP)	0.31%	0.52%	-7.17%
Return On Investment Capital (ROIC_SIMPLE)	9.52%	2.68%	-5.80%
Cost of Revenue to Revenue	52.84%	52.40%	55.13%
SG&A Expenses to Revenue	16.17%	20.78%	31.87%
R&D to Revenue	11.39%	13.92%	21.11%
Operating Expenses to Revenue	31.71%	40.80%	62.71%
Earnings before Interest and Taxes (EBIT)	127	38	-74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	175	89	-20
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.64	1.77	1.46
Price to Tangible Book Value (P/TBV)	2.65	3.02	2.44
Price to Revenue (P/Rev)	1.88	2.64	3.11
Price to Earnings (P/E)	15.76	59.71	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	6.34%	1.67%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.96	2.12	1.65
Enterprise Value to Revenue (EV/Rev)	1.50	2.18	2.48
Enterprise Value to EBITDA (EV/EBITDA)	6.98	15.51	0.00
Enterprise Value to EBIT (EV/EBIT)	9.59	36.42	0.00
Enterprise Value to NOPAT (EV/NOPAT)	12.71	52.12	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.81	13.66	359.02
Enterprise Value to Free Cash Flow (EV/FCFF)	12.96	0.00	748.54
Leverage & Solvency	-	-	-
Debt to Equity	0.09	0.04	0.01
Long-Term Debt to Equity	0.08	0.04	0.01
Financial Leverage	-0.31	-0.32	-0.30
Leverage Ratio	1.37	1.27	1.19
Compound Leverage Factor	1.37	1.52	1.04
Debt to Total Capital	7.84%	4.10%	1.02%
Short-Term Debt to Total Capital	0.63%	0.64%	0.20%
Long-Term Debt to Total Capital	7.21%	3.46%	0.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.16%	95.90%	98.98%
Debt to EBITDA	0.45	0.45	-0.44
Net Debt to EBITDA	-1.75	-3.30	12.67
Long-Term Debt to EBITDA	0.42	0.38	-0.35
Debt to NOPAT	0.82	1.53	-0.18
Net Debt to NOPAT	-3.20	-11.10	5.05
Long-Term Debt to NOPAT	0.76	1.29	-0.14
Altman Z-Score	4.99	6.65	6.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	4.75	6.18	6.27
Quick Ratio	3.49	4.45	4.15
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	94	-6.27	1.33
Operating Cash Flow to CapEx	782.62%	640.71%	26.39%
Free Cash Flow to Firm to Interest Expense	20.96	-1.67	1.55
Operating Cash Flow to Interest Expense	25.14	27.05	3.23
Operating Cash Flow Less CapEx to Interest Expense	21.93	22.83	-9.02
Efficiency Ratios	-	-	-
Asset Turnover	0.65	0.54	0.37
Accounts Receivable Turnover	4.41	4.23	3.72
Inventory Turnover	2.59	2.05	1.49
Fixed Asset Turnover	12.60	9.49	5.59
Accounts Payable Turnover	6.27	7.81	6.90
Days Sales Outstanding (DSO)	82.86	86.26	98.22
Days Inventory Outstanding (DIO)	140.75	178.38	245.26
Days Payable Outstanding (DPO)	58.22	46.72	52.86
Cash Conversion Cycle (CCC)	165.39	217.93	290.62
Capital & Investment Metrics	-	-	-
Invested Capital	622	655	604
Invested Capital Turnover	1.31	1.00	0.64
Increase / (Decrease) in Invested Capital	1.85	33	-52
Enterprise Value (EV)	1,220	1,386	997
Market Capitalization	1,527	1,681	1,251
Book Value per Share	$19.50	$20.00	$18.38
Tangible Book Value per Share	$12.08	$11.72	$10.97
Total Capital	1,008	991	866
Total Debt	79	41	8.80
Total Long-Term Debt	73	34	7.05
Net Debt	-307	-295	-253
Capital Expenditures (CapEx)	14	16	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	225	206	189
Debt-free Net Working Capital (DFNWC)	610	542	451
Net Working Capital (NWC)	604	535	449
Net Nonoperating Expense (NNE)	-0.89	-1.56	20
Net Nonoperating Obligations (NNO)	-307	-295	-253
Total Depreciation and Amortization (D&A)	48	51	54
Debt-free, Cash-free Net Working Capital to Revenue	27.65%	32.38%	46.99%
Debt-free Net Working Capital to Revenue	75.09%	85.13%	112.22%
Net Working Capital to Revenue	74.31%	84.14%	111.78%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.01	$0.59	($1.49)
Adjusted Weighted Average Basic Shares Outstanding	48.18M	47.49M	46.91M
Adjusted Diluted Earnings per Share	$1.98	$0.59	($1.49)
Adjusted Weighted Average Diluted Shares Outstanding	48.80M	48.03M	46.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.28M	47.08M	46.71M
Normalized Net Operating Profit after Tax (NOPAT)	96	28	-50
Normalized NOPAT Margin	11.86%	4.41%	-12.48%
Pre Tax Income Margin	15.59%	7.20%	-16.16%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	28.33	10.15	-86.22
NOPAT to Interest Expense	21.38	7.09	-58.40
EBIT Less CapEx to Interest Expense	25.12	5.93	-98.48
NOPAT Less CapEx to Interest Expense	18.16	2.87	-70.66
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.16%	-0.39%	-9.30%	-22.24%	-27.04%	-28.19%	-40.00%	-38.02%	-36.78%	-31.41%
EBITDA Growth	1.50%	30.39%	-22.12%	-44.97%	-59.85%	-70.19%	-115.30%	-111.05%	-119.82%	-176.33%
EBIT Growth	4.05%	36.20%	-32.60%	-60.91%	-82.31%	-110.40%	-195.25%	-211.04%	-379.72%	-731.24%
NOPAT Growth	-6.99%	6.35%	-29.60%	-65.46%	-85.97%	-98.96%	-183.36%	-217.16%	-428.95%	-6,575.15%
Net Income Growth	4.84%	3.54%	-27.28%	-63.21%	-84.27%	-109.38%	-193.31%	-248.99%	-561.20%	-953.16%
EPS Growth	6.25%	0.00%	-25.00%	-62.71%	-84.31%	-109.09%	-193.94%	-254.55%	-587.50%	-1,025.00%
Operating Cash Flow Growth	14.84%	-0.88%	727.98%	21.31%	-26.22%	-90.20%	-184.71%	-97.94%	-40.41%	-163.57%
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%
Invested Capital Growth	-5.45%	0.30%	3.45%	0.95%	1.45%	5.28%	-0.57%	3.20%	4.30%	-7.86%
Revenue Q/Q Growth	-4.85%	-7.54%	-6.14%	-5.83%	-10.73%	-9.00%	-21.58%	-2.71%	-8.94%	-1.28%
EBITDA Q/Q Growth	-7.66%	-21.69%	-12.40%	-13.11%	-32.64%	-41.85%	-144.96%	37.23%	-20.80%	-123.90%
EBIT Q/Q Growth	-8.73%	-28.96%	-21.94%	-22.76%	-58.69%	-141.76%	-614.83%	9.95%	-4.05%	-24.10%
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%
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%
EPS Q/Q Growth	-13.56%	-13.73%	-25.00%	-33.33%	-63.64%	-150.00%	-675.00%	-9.68%	-14.71%	-15.38%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.45%	48.74%	48.07%	47.56%	47.01%	47.67%	45.76%	44.82%	46.84%	41.93%
EBITDA Margin	22.56%	19.11%	17.83%	16.45%	12.41%	7.93%	-4.55%	-2.93%	-3.89%	-8.83%
Operating Margin	16.31%	14.26%	11.08%	9.27%	4.91%	0.24%	-16.70%	-15.57%	-16.54%	-22.98%
EBIT Margin	16.96%	13.03%	10.84%	8.89%	4.11%	-1.89%	-17.20%	-15.92%	-18.20%	-22.87%
Profit (Net Income) Margin	12.04%	11.32%	8.74%	6.27%	2.60%	-1.48%	-13.60%	-15.06%	-18.94%	-22.69%
Tax Burden Percent	70.94%	82.83%	75.93%	62.19%	45.33%	408.05%	89.59%	108.88%	121.79%	110.65%
Interest Burden Percent	100.07%	104.87%	106.28%	113.35%	139.25%	19.19%	88.23%	86.87%	85.46%	89.66%
Effective Tax Rate	29.06%	17.17%	24.07%	37.81%	54.67%	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%
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%
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%
Return on Equity (ROE)	10.84%	10.49%	7.39%	4.75%	1.74%	-0.13%	-7.34%	-6.37%	-6.39%	-7.84%
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%
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%
Return on Assets (ROA)	7.93%	7.40%	5.72%	3.85%	1.52%	-0.79%	-6.79%	-6.77%	-7.66%	-8.48%
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%
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%
Net Operating Profit after Tax (NOPAT)	24	23	15	9.74	3.36	0.23	-13	-11	-11	-15
NOPAT Margin	11.57%	11.81%	8.41%	5.77%	2.23%	0.17%	-11.69%	-10.90%	-11.58%	-16.08%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	2.24%	-	-	-	0.02%	-	-	-	-1.75%
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%
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%
R&D to Revenue	11.31%	12.01%	12.55%	13.30%	14.24%	16.12%	20.76%	20.38%	21.32%	22.09%
Operating Expenses to Revenue	31.14%	34.49%	36.99%	38.29%	42.10%	47.42%	62.47%	60.38%	63.38%	64.91%
Earnings before Interest and Taxes (EBIT)	35	25	19	15	6.20	-2.59	-19	-17	-17	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	37	32	28	19	11	-4.89	-3.07	-3.71	-8.31
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
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
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
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
Dividend Yield	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%
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
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
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
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
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
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
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
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
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
Financial Leverage	-0.31	-0.31	-0.29	-0.33	-0.35	-0.32	-0.29	-0.31	-0.33	-0.30
Leverage Ratio	1.41	1.37	1.33	1.31	1.29	1.27	1.22	1.20	1.20	1.19
Compound Leverage Factor	1.41	1.44	1.42	1.49	1.80	0.24	1.08	1.05	1.03	1.07
Debt to Total Capital	8.22%	7.84%	4.49%	4.29%	4.19%	4.10%	1.17%	1.10%	1.18%	1.02%
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%
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%
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%
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%
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%
Debt to EBITDA	0.48	0.45	0.27	0.30	0.36	0.45	0.21	0.46	-13.30	-0.44
Net Debt to EBITDA	-1.75	-1.75	-1.69	-2.31	-3.01	-3.30	-4.96	-11.66	327.08	12.67
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
Debt to NOPAT	0.84	0.82	0.49	0.60	0.82	1.53	-8.14	-0.54	-0.30	-0.18
Net Debt to NOPAT	-3.07	-3.20	-3.13	-4.64	-6.90	-11.10	195.88	13.59	7.44	5.05
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
Altman Z-Score	4.05	4.72	6.03	6.68	6.04	6.53	7.37	7.90	6.22	6.48
Noncontrolling Interest Sharing Ratio	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
Quick Ratio	3.27	3.49	3.45	3.73	4.03	4.45	4.25	4.65	4.25	4.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	58	21	-6.89	3.87	-5.24	-33	-8.82	-31	-37	36
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.65	0.65	0.61	0.58	0.54	0.50	0.45	0.40	0.37
Accounts Receivable Turnover	4.19	4.41	4.11	4.18	4.33	4.23	3.86	4.05	4.00	3.72
Inventory Turnover	2.72	2.59	2.47	2.31	2.17	2.05	1.82	1.68	1.54	1.49
Fixed Asset Turnover	12.82	12.60	12.12	11.59	10.75	9.49	7.86	7.07	6.21	5.59
Accounts Payable Turnover	5.62	6.27	5.93	6.13	6.75	7.81	7.05	7.96	7.91	6.90
Days Sales Outstanding (DSO)	87.21	82.86	88.91	87.34	84.26	86.26	94.47	90.15	91.22	98.22
Days Inventory Outstanding (DIO)	134.19	140.75	147.65	158.11	168.45	178.38	200.29	217.90	237.68	245.26
Days Payable Outstanding (DPO)	64.94	58.22	61.51	59.52	54.07	46.72	51.74	45.86	46.17	52.86
Cash Conversion Cycle (CCC)	156.46	165.39	175.04	185.94	198.64	217.93	243.02	262.19	282.73	290.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	591	622	659	624	600	655	655	644	626	604
Invested Capital Turnover	1.34	1.31	1.23	1.20	1.16	1.00	0.86	0.79	0.73	0.64
Increase / (Decrease) in Invested Capital	-34	1.85	22	5.87	8.60	33	-3.76	20	26	-52
Enterprise Value (EV)	965	1,220	1,535	1,646	1,293	1,386	1,323	1,306	959	997
Market Capitalization	1,255	1,527	1,815	1,975	1,639	1,681	1,583	1,559	1,218	1,251
Book Value per Share	$18.28	$19.50	$19.85	$20.06	$19.88	$20.00	$19.42	$19.03	$18.85	$18.38
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
Total Capital	961	1,008	983	996	988	991	926	906	895	866
Total Debt	79	79	44	43	41	41	11	9.97	11	8.80
Total Long-Term Debt	73	73	38	36	35	34	8.02	7.59	7.91	7.05
Net Debt	-290	-307	-280	-330	-346	-295	-260	-252	-259	-253
Capital Expenditures (CapEx)	4.76	4.02	4.96	2.99	4.01	3.88	3.33	1.96	2.22	3.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	215	225	247	218	209	206	213	208	191	189
Debt-free Net Working Capital (DFNWC)	585	610	571	590	596	542	485	470	460	451
Net Working Capital (NWC)	579	604	564	584	590	535	482	468	457	449
Net Nonoperating Expense (NNE)	-0.97	0.94	-0.59	-0.85	-0.56	2.26	2.05	4.36	7.02	6.22
Net Nonoperating Obligations (NNO)	-290	-307	-280	-330	-346	-295	-260	-252	-259	-253
Total Depreciation and Amortization (D&A)	12	12	13	13	13	13	14	14	14	13
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%
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%
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%
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)
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
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)
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
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	47.63M	47.28M	47.53M	47.60M	47.51M	47.08M	47.09M	46.92M	46.61M	46.71M
Normalized Net Operating Profit after Tax (NOPAT)	24	23	16	10.00	5.70	0.50	-13	-11	-11	-15
Normalized NOPAT Margin	11.57%	11.81%	8.79%	5.92%	3.78%	0.36%	-11.69%	-10.89%	-11.57%	-16.08%
Pre Tax Income Margin	16.97%	13.66%	11.52%	10.08%	5.73%	-0.36%	-15.18%	-13.83%	-15.55%	-20.51%
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
NOPAT to Interest Expense	21.58	18.07	10.08	13.40	4.34	0.31	-23.74	-79.23	-128.35	-152.92
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
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
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%
Augmented Payout Ratio	47.24%	52.37%	53.04%	50.18%	45.35%	83.96%	-1,425.97%	-127.46%	-78.71%	-38.65%

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 2 years?

Cohu's net income appears to be on a downward trend, with a most recent value of -$69.82 million in 2024, falling from $96.85 million in 2022. The previous period was $28.16 million in 2023.

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 revenue changed over the last 2 years?

Over the last 2 years, Cohu's total revenue changed from $812.78 million in 2022 to $401.78 million in 2024, a change of -50.6%.

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 52.3% decrease since 2022.

How much cash does Cohu have?

In the past 2 years, Cohu's cash and equivalents has ranged from $206.41 million in 2024 to $245.52 million in 2023, 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 2 years?

Over the last 2 years, Cohu's book value per share changed from 19.50 in 2022 to 18.38 in 2024, a change of -5.7%.

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This page (NASDAQ:COHU) was last updated on 4/15/2025 by MarketBeat.com Staff

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Cohu (COHU) Financials

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Cohu (COHU) Financials

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Quarterly Balance Sheets for Cohu

Annual Metrics and Ratios for Cohu

Quarterly Metrics and Ratios for Cohu

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