Coherent (COHR) Financials

$56.13 +0.93 (+1.68%)

As of 04/14/2025 03:59 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	66	65	95	88	108	-67	260	167	-404	-280
Consolidated Net Income / (Loss)	66	65	95	88	108	-67	298	235	-259	-159
Net Income / (Loss) Continuing Operations	66	65	95	88	108	-67	298	235	-259	-159
Total Pre-Tax Income	79	90	119	122	129	-64	353	282	-356	-148
Total Operating Income	83	93	126	141	151	25	412	282	-356	-148
Total Gross Profit	272	313	388	462	521	791	1,177	1,265	1,618	1,456
Total Revenue	742	827	972	1,159	1,362	2,380	3,106	3,317	5,160	4,708
Operating Revenue	742	-	972	1,159	1,362	2,380	3,106	3,317	5,160	4,708
Total Cost of Revenue	470	514	584	697	841	1,589	1,928	2,051	3,542	3,252
Operating Cost of Revenue	470	514	584	697	841	1,589	1,928	2,051	3,542	3,252
Total Operating Expenses	189	220	263	322	370	766	765	984	1,974	1,604
Selling, General & Admin Expense	144	161	176	209	234	413	445	474	1,037	854
Research & Development Expense	51	60	97	117	139	339	330	377	500	479
Other Operating Expenses / (Income)	-6.18	-1.22	-10	-3.78	-2.56	14	-10	132	318	244
Restructuring Charge	-	-	-	-	-	-	0.00	0.00	119	27
Total Other Income / (Expense), net	-3.86	-3.08	-6.81	-18	-22	-89	-60	0.00	0.00	0.00
Income Tax Expense	13	24	24	34	21	3.10	55	47	-96	11
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	37	68	144	123
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	0.00	0.00	-2.61
Basic Earnings per Share	$1.08	$1.07	$1.52	$1.41	$1.69	($0.79)	$2.50	$1.57	($2.93)	($1.84)
Weighted Average Basic Shares Outstanding	61.22M	61.37M	62.58M	62.50M	63.61M	105.72M	-	130.87M	150.40M	153.30M
Diluted Earnings per Share	$1.05	$1.04	$1.48	$1.35	$1.63	($0.79)	$2.37	$1.45	($2.93)	($1.84)
Weighted Average Diluted Shares Outstanding	61.22M	61.37M	62.58M	62.50M	63.61M	105.72M	-	130.87M	150.40M	153.30M
Weighted Average Basic & Diluted Shares Outstanding	61.22M	61.37M	62.58M	62.50M	63.61M	105.72M	-	130.87M	150.40M	153.30M

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	26	-74	-81	-34	-215	-98	-58	-44	-80	-5.95	71
Consolidated Net Income / (Loss)	44	-39	-45	2.55	-178	-68	-28	-16	-47	25	102
Net Income / (Loss) Continuing Operations	44	-39	-45	2.55	-178	-68	-28	-16	-47	25	102
Total Pre-Tax Income	49	-51	-66	-4.75	-233	-88	-37	-32	9.91	19	128
Total Operating Income	-24	11	4.55	70	-441	-88	-37	41	-211	19	128
Total Gross Profit	326	444	411	420	343	307	351	366	432	460	509
Total Revenue	887	1,345	1,370	1,240	1,205	1,053	1,131	1,209	1,314	1,348	1,435
Operating Revenue	887	1,345	1,370	1,240	1,205	1,053	1,131	1,209	1,314	1,348	1,435
Total Cost of Revenue	561	901	959	820	862	746	781	842	882	888	925
Operating Cost of Revenue	561	901	959	820	862	746	781	842	882	888	925
Total Operating Expenses	350	433	407	350	785	395	388	326	643	441	381
Selling, General & Admin Expense	116	280	274	226	256	212	209	205	228	229	221
Research & Development Expense	96	121	129	126	123	113	111	127	127	132	144
Other Operating Expenses / (Income)	138	32	3.70	-3.05	286	67	69	-19	274	56	8.46
Restructuring Charge	-	0.00	0.00	0.00	119	3.02	-1.57	12	14	24	8.02
Total Other Income / (Expense), net	73	-62	-71	-75	208	0.00	0.00	-73	221	0.00	0.00
Income Tax Expense	5.35	-12	-21	-7.29	-55	-21	-8.93	-16	57	-5.56	27
Preferred Stock Dividends Declared	17	36	36	36	37	30	31	31	31	32	32
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-	0.00	-1.48	-2.54	-	-1.03	-1.84
Basic Earnings per Share	$0.25	($0.56)	($0.58)	($0.24)	($1.55)	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.46
Weighted Average Basic Shares Outstanding	130.87M	138.69M	138.96M	139.38M	150.40M	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M
Diluted Earnings per Share	$0.23	($0.56)	($0.58)	($0.24)	($1.55)	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.44
Weighted Average Diluted Shares Outstanding	130.87M	138.69M	138.96M	139.38M	150.40M	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M
Weighted Average Basic & Diluted Shares Outstanding	130.87M	138.69M	138.96M	139.38M	150.40M	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M

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

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	-18	-1,678	14	-13	-68	107	876	-28	-2.77	-7.23	-114
Net Cash From Operating Activities	137	80	220	152	182	199	67	117	162	153	187
Net Cash From Continuing Operating Activities	137	80	220	152	182	199	67	117	162	153	187
Net Income / (Loss) Continuing Operations	44	-39	-45	2.55	-178	-68	-28	-16	-47	25	102
Consolidated Net Income / (Loss)	44	-39	-45	2.55	-178	-68	-28	-16	-47	25	102
Depreciation Expense	53	65	65	68	70	66	67	67	72	66	63
Amortization Expense	26	87	109	98	140	76	77	77	76	77	77
Non-Cash Adjustments To Reconcile Net Income	20	83	29	31	113	32	10	18	1.58	65	19
Changes in Operating Assets and Liabilities, net	-6.28	-116	63	-48	37	92	-58	-29	60	-80	-73
Net Cash From Investing Activities	-118	-5,628	-108	-97	-95	-64	-91	-93	-102	-66	-106
Net Cash From Continuing Investing Activities	-118	-5,628	-108	-97	-95	-64	-91	-93	-102	-66	-106
Purchase of Property, Plant & Equipment	-118	-139	-107	-97	-93	-62	-91	-93	-100	-92	-106
Other Investing Activities, net	-	-0.71	-1.55	-	-1.75	-1.98	-	-0.14	-1.78	-0.75	-0.38
Net Cash From Financing Activities	-28	3,913	-157	-74	-128	-18	877	-39	-62	-126	-141
Net Cash From Continuing Financing Activities	-28	3,913	-157	-74	-128	-18	877	-39	-62	-126	-141
Repayment of Debt	-16	-1,127	-134	-79	-121	-19	-89	-77	-64	-118	-133
Issuance of Common Equity	0.68	7.43	0.32	14	2.66	15	1,001	20	6.20	24	4.83
Other Financing Activities, net	-6.30	-41	-9.63	-1.32	-2.34	-14	-3.69	-1.26	-3.49	-32	-13
Cash Interest Paid	33	46	81	64	92	67	92	65	88	63	79
Cash Income Taxes Paid	15	15	17	32	26	15	23	16	43	34	32

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

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

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

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

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.77%	69.10%	69.84%	49.83%	35.86%	-21.68%	-17.43%	-2.53%	9.07%	28.02%	26.80%
EBITDA Growth	-69.29%	-6.83%	5.00%	26.66%	-512.84%	-67.02%	-40.62%	-21.83%	72.92%	203.07%	153.00%
EBIT Growth	-122.15%	-89.41%	-95.28%	-33.88%	-1,757.10%	-912.23%	-922.13%	-41.93%	52.25%	121.86%	443.26%
NOPAT Growth	-122.36%	-90.99%	-96.13%	-40.47%	-1,359.27%	-912.23%	-922.13%	-41.93%	423.76%	140.22%	487.79%
Net Income Growth	-46.98%	-151.97%	-166.62%	-94.80%	-508.46%	-74.52%	36.82%	-717.83%	73.62%	136.81%	456.60%
EPS Growth	-61.67%	-212.00%	-231.82%	-185.71%	-773.91%	-16.07%	34.48%	-20.83%	66.45%	93.85%	215.79%
Operating Cash Flow Growth	7.71%	52.05%	17.44%	324.32%	32.19%	149.82%	-69.54%	-22.96%	-10.58%	-23.05%	178.97%
Free Cash Flow Firm Growth	-318.47%	-6,233.79%	-919,553.96%	-5,485.89%	-3,241.10%	105.37%	94.21%	98.37%	110.98%	-291.06%	231.02%
Invested Capital Growth	4.74%	171.46%	176.79%	167.90%	161.02%	-3.96%	3.46%	1.28%	2.25%	6.98%	-3.79%
Revenue Q/Q Growth	7.16%	51.59%	1.91%	-9.49%	-2.83%	-12.61%	7.44%	6.84%	8.73%	2.57%	6.42%
EBITDA Q/Q Growth	-69.98%	189.76%	9.62%	32.83%	-197.85%	123.15%	97.37%	2.53%	-133.90%	359.07%	64.77%
EBIT Q/Q Growth	-122.31%	145.74%	-58.15%	1,448.04%	-726.69%	80.00%	57.64%	9.74%	-615.33%	109.16%	565.20%
NOPAT Q/Q Growth	-125.57%	135.94%	-58.15%	1,448.04%	-726.69%	80.00%	57.64%	9.74%	3,394.07%	-97.51%	308.44%
Net Income Q/Q Growth	-10.95%	-188.68%	-16.47%	105.65%	-7,100.55%	62.11%	57.84%	44.76%	-198.95%	152.87%	308.44%
EPS Q/Q Growth	-17.86%	-343.48%	-3.57%	58.62%	-545.83%	58.06%	41.54%	23.68%	-79.31%	92.31%	1,200.00%
Operating Cash Flow Q/Q Growth	282.29%	-42.05%	177.08%	-30.87%	19.10%	9.51%	-66.21%	74.83%	38.23%	-5.76%	22.49%
Free Cash Flow Firm Q/Q Growth	-69.25%	-3,219.84%	-1.73%	2.27%	-1.23%	105.34%	-209.76%	68.37%	780.74%	-192.82%	175.27%
Invested Capital Q/Q Growth	0.12%	165.46%	0.54%	0.27%	-2.46%	-2.32%	8.30%	-1.85%	-1.52%	2.19%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.76%	32.99%	30.01%	33.88%	28.49%	29.14%	30.99%	30.32%	32.86%	34.13%	35.50%
EBITDA Margin	6.33%	12.09%	13.01%	19.09%	-19.23%	5.09%	9.36%	15.31%	-4.77%	12.06%	18.67%
Operating Margin	-2.68%	0.81%	0.33%	5.68%	-36.63%	-8.38%	-3.31%	3.38%	-16.04%	1.43%	8.95%
EBIT Margin	-2.68%	0.81%	0.33%	5.68%	-36.63%	-8.38%	-3.31%	3.38%	-16.04%	1.43%	8.95%
Profit (Net Income) Margin	4.92%	-2.88%	-3.29%	0.21%	-14.79%	-6.41%	-2.52%	-1.30%	-3.58%	1.84%	7.08%
Tax Burden Percent	89.08%	75.85%	67.93%	-53.63%	76.35%	76.49%	76.12%	49.39%	-474.62%	128.79%	79.08%
Interest Burden Percent	-206.08%	-469.30%	-1,458.33%	-6.74%	52.88%	100.00%	100.00%	-77.87%	-4.70%	100.00%	100.00%
Effective Tax Rate	10.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	574.62%	-28.79%	20.92%
Return on Invested Capital (ROIC)	-1.98%	0.29%	0.14%	2.55%	-17.87%	-2.68%	-0.96%	0.99%	33.10%	0.85%	3.38%
ROIC Less NNEP Spread (ROIC-NNEP)	-27.97%	-2.32%	-2.83%	-0.34%	-9.69%	-2.84%	-1.03%	-0.36%	0.75%	0.85%	3.38%
Return on Net Nonoperating Assets (RNNOA)	1.64%	-0.72%	-0.79%	-0.09%	-2.66%	-1.41%	-0.45%	-0.15%	0.32%	0.35%	1.28%
Return on Equity (ROE)	-0.34%	-0.43%	-0.65%	2.46%	-20.54%	-4.09%	-1.41%	0.83%	33.42%	1.20%	4.66%
Cash Return on Invested Capital (CROIC)	1.22%	-90.11%	-92.92%	-90.70%	-92.57%	1.05%	-6.52%	-3.67%	-3.18%	-7.00%	4.43%
Operating Return on Assets (OROA)	-1.24%	0.31%	0.14%	2.51%	-17.54%	-2.98%	-1.06%	1.09%	-5.35%	0.51%	3.29%
Return on Assets (ROA)	2.27%	-1.09%	-1.34%	0.09%	-7.08%	-2.28%	-0.81%	-0.42%	-1.19%	0.65%	2.60%
Return on Common Equity (ROCE)	-0.24%	-0.29%	-0.44%	1.66%	-13.64%	-2.69%	-0.93%	0.55%	21.48%	0.81%	3.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.43%	0.17%	-0.72%	0.00%	-5.97%	-4.97%	-5.43%	0.00%	-1.21%	1.23%
Net Operating Profit after Tax (NOPAT)	-21	7.61	3.19	49	-309	-62	-26	29	1,000	25	102
NOPAT Margin	-2.39%	0.57%	0.23%	3.98%	-25.64%	-5.87%	-2.31%	2.37%	76.11%	1.84%	7.08%
Net Nonoperating Expense Percent (NNEP)	25.99%	2.62%	2.96%	2.89%	-8.19%	0.16%	0.07%	1.34%	32.34%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-0.26%	-	-	-	1.08%
Cost of Revenue to Revenue	63.24%	67.01%	69.99%	66.12%	71.51%	70.86%	69.01%	69.68%	67.14%	65.87%	64.50%
SG&A Expenses to Revenue	13.06%	20.83%	20.01%	18.25%	21.26%	20.10%	18.49%	16.97%	17.34%	16.98%	15.38%
R&D to Revenue	10.81%	9.01%	9.40%	10.19%	10.24%	10.78%	9.83%	10.55%	9.64%	9.76%	10.03%
Operating Expenses to Revenue	39.44%	32.18%	29.68%	28.20%	65.12%	37.53%	34.30%	26.93%	48.90%	32.70%	26.55%
Earnings before Interest and Taxes (EBIT)	-24	11	4.55	70	-441	-88	-37	41	-211	19	128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	163	178	237	-232	54	106	185	-63	163	268
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.71	0.81	1.03	1.10	1.56	1.02	1.21	1.72	2.12	2.48	2.83
Price to Tangible Book Value (P/TBV)	4.34	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)	1.64	0.96	1.10	1.09	1.38	1.01	1.42	2.00	2.35	2.72	2.76
Price to Earnings (P/E)	32.57	106.37	0.00	0.00	0.00	0.00	0.00	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%	0.00%
Earnings Yield	3.07%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.55	0.92	1.01	1.05	1.24	1.01	1.10	1.35	1.53	1.73	1.87
Enterprise Value to Revenue (EV/Rev)	1.92	2.60	2.50	2.37	2.57	2.16	2.69	3.26	3.57	3.86	3.84
Enterprise Value to EBITDA (EV/EBITDA)	10.82	17.44	18.97	18.10	38.35	44.45	75.64	57.45	39.05	35.86	29.09
Enterprise Value to EBIT (EV/EBIT)	22.55	52.80	112.86	184.78	0.00	0.00	0.00	0.00	0.00	0.00	162.04
Enterprise Value to NOPAT (EV/NOPAT)	27.07	60.94	161.22	263.97	0.00	0.00	0.00	0.00	0.00	0.00	320.18
Enterprise Value to Operating Cash Flow (EV/OCF)	15.37	22.77	23.41	19.45	20.93	13.98	20.75	26.52	30.75	38.64	32.86
Enterprise Value to Free Cash Flow (EV/FCFF)	129.62	0.00	0.00	0.00	0.00	93.70	0.00	0.00	0.00	0.00	41.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.65	0.61	0.59	0.60	0.60	0.52	0.52	0.52	0.48	0.48
Long-Term Debt to Equity	0.43	0.63	0.60	0.58	0.59	0.59	0.51	0.51	0.51	0.47	0.48
Financial Leverage	-0.06	0.31	0.28	0.27	0.28	0.50	0.44	0.43	0.43	0.41	0.38
Leverage Ratio	1.69	1.79	1.87	1.85	1.86	1.92	1.86	1.85	1.86	1.84	1.79
Compound Leverage Factor	-3.47	-8.41	-27.25	-0.12	0.98	1.92	1.86	-1.44	-0.09	1.84	1.79
Debt to Total Capital	34.42%	39.23%	37.93%	37.26%	37.35%	37.68%	34.08%	34.09%	34.04%	32.54%	32.64%
Short-Term Debt to Total Capital	6.03%	1.09%	0.63%	0.63%	0.65%	0.66%	0.60%	0.62%	0.61%	0.57%	0.23%
Long-Term Debt to Total Capital	28.39%	38.13%	37.30%	36.63%	36.70%	37.02%	33.48%	33.47%	33.42%	31.97%	32.41%
Preferred Equity to Total Capital	6.66%	3.78%	3.76%	3.75%	3.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.47%	18.27%	18.40%	18.62%	19.43%	19.93%	21.65%	22.17%	22.71%	22.58%	23.65%
Common Equity to Total Capital	47.45%	38.72%	39.91%	40.37%	39.37%	42.39%	44.27%	43.74%	43.25%	44.88%	43.71%
Debt to EBITDA	3.92	8.03	7.70	6.98	12.46	18.12	25.59	15.94	9.54	7.40	5.51
Net Debt to EBITDA	-0.48	6.47	6.14	5.56	10.05	14.15	19.31	11.79	6.98	5.42	4.18
Long-Term Debt to EBITDA	3.23	7.81	7.57	6.86	12.24	17.80	25.14	15.65	9.37	7.28	5.47
Debt to NOPAT	9.80	28.08	65.44	101.81	-17.32	-13.49	-12.11	-15.70	-39.67	-142.29	60.64
Net Debt to NOPAT	-1.20	22.62	52.16	81.08	-13.97	-10.53	-9.14	-11.62	-29.03	-104.08	46.04
Long-Term Debt to NOPAT	8.08	27.30	64.35	100.09	-17.02	-13.26	-11.90	-15.42	-38.96	-139.79	60.22
Altman Z-Score	2.06	0.94	1.06	1.15	1.21	1.08	1.17	1.43	1.55	1.86	2.07
Noncontrolling Interest Sharing Ratio	27.99%	33.29%	32.80%	32.60%	33.58%	34.14%	34.20%	34.61%	35.74%	32.78%	33.97%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.40	2.87	3.02	3.08	3.01	2.99	2.88	2.71	2.72	2.67	2.67
Quick Ratio	2.59	1.58	1.65	1.65	1.60	1.60	1.44	1.41	1.32	1.35	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-207	-6,869	-6,988	-6,829	-6,913	369	-405	-112	759	-705	531
Operating Cash Flow to CapEx	116.04%	57.25%	206.33%	156.90%	195.07%	319.63%	73.43%	125.94%	162.48%	166.31%	177.30%
Free Cash Flow to Firm to Interest Expense	0.00	-110.99	-98.56	-90.83	0.00	0.00	0.00	-1.53	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	1.29	3.11	2.03	0.00	0.00	0.00	1.61	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-0.96	1.60	0.74	0.00	0.00	0.00	0.33	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.38	0.41	0.44	0.48	0.36	0.32	0.32	0.33	0.35	0.37
Accounts Receivable Turnover	4.88	4.72	5.68	6.14	6.44	5.50	5.11	4.89	5.38	6.19	6.07
Inventory Turnover	2.57	2.35	2.68	2.85	3.26	2.58	2.41	2.41	2.54	2.54	2.68
Fixed Asset Turnover	2.55	2.54	2.81	3.00	3.28	2.72	2.49	2.44	2.62	2.74	2.84
Accounts Payable Turnover	5.62	6.36	7.61	8.20	8.43	7.30	6.88	6.32	6.27	5.96	5.93
Days Sales Outstanding (DSO)	74.80	77.39	64.31	59.46	56.65	66.39	71.46	74.61	67.84	58.93	60.12
Days Inventory Outstanding (DIO)	142.22	155.14	136.32	128.02	112.07	141.59	151.24	151.71	143.61	143.42	135.98
Days Payable Outstanding (DPO)	64.90	57.36	47.94	44.51	43.29	50.03	53.07	57.75	58.19	61.24	61.59
Cash Conversion Cycle (CCC)	152.11	175.17	152.69	142.97	125.43	157.95	169.63	168.57	153.26	141.11	134.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,101	10,887	10,946	10,975	10,705	10,457	11,324	11,115	10,946	11,186	10,895
Invested Capital Turnover	0.83	0.52	0.59	0.64	0.70	0.46	0.42	0.42	0.43	0.46	0.48
Increase / (Decrease) in Invested Capital	186	6,877	6,991	6,878	6,604	-431	379	140	241	730	-429
Enterprise Value (EV)	6,354	10,034	11,080	11,472	13,269	10,534	12,448	14,983	16,784	19,315	20,379
Market Capitalization	5,424	3,710	4,868	5,292	7,105	4,909	6,594	9,203	11,047	13,630	14,651
Book Value per Share	$29.79	$32.91	$34.13	$34.50	$32.59	$32.13	$36.12	$35.14	$34.17	$35.88	$33.42
Tangible Book Value per Share	$11.74	($26.72)	($26.84)	($26.38)	($27.16)	($22.10)	($18.48)	($18.08)	($18.09)	($17.02)	($16.40)
Total Capital	6,684	11,786	11,859	11,876	11,539	11,398	12,358	12,197	12,046	12,257	11,825
Total Debt	2,300	4,623	4,498	4,425	4,310	4,294	4,212	4,158	4,100	3,989	3,860
Total Long-Term Debt	1,897	4,494	4,423	4,350	4,235	4,219	4,137	4,083	4,026	3,919	3,833
Net Debt	-282	3,725	3,584	3,524	3,476	3,353	3,178	3,076	3,000	2,918	2,930
Capital Expenditures (CapEx)	118	139	107	97	93	62	91	93	100	92	106
Debt-free, Cash-free Net Working Capital (DFCFNWC)	859	1,442	1,445	1,473	1,415	1,294	1,275	1,233	1,290	1,271	1,286
Debt-free Net Working Capital (DFNWC)	3,441	2,341	2,358	2,374	2,248	2,235	2,308	2,315	2,390	2,342	2,215
Net Working Capital (NWC)	3,038	2,212	2,283	2,299	2,173	2,161	2,234	2,240	2,316	2,272	2,188
Net Nonoperating Expense (NNE)	-65	46	48	47	-131	5.73	2.29	44	1,047	0.00	0.00
Net Nonoperating Obligations (NNO)	-282	3,725	3,584	3,524	3,476	3,353	3,178	3,076	3,000	2,918	2,930
Total Depreciation and Amortization (D&A)	80	152	174	166	210	142	143	144	148	143	139
Debt-free, Cash-free Net Working Capital to Revenue	25.90%	37.30%	32.62%	30.42%	27.42%	26.58%	27.54%	26.81%	27.40%	25.41%	24.23%
Debt-free Net Working Capital to Revenue	103.76%	60.54%	53.24%	49.03%	43.57%	45.91%	49.86%	50.35%	50.77%	46.82%	41.75%
Net Working Capital to Revenue	91.61%	57.20%	51.55%	47.48%	42.12%	44.38%	48.25%	48.70%	49.20%	45.42%	41.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	($0.56)	($0.58)	($0.24)	($1.55)	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.46
Adjusted Weighted Average Basic Shares Outstanding	130.87M	138.69M	138.96M	139.38M	150.40M	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M
Adjusted Diluted Earnings per Share	$0.23	($0.56)	($0.58)	($0.24)	($1.55)	($0.65)	($0.38)	($0.29)	($0.52)	($0.04)	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	130.87M	138.69M	138.96M	139.38M	150.40M	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M
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	130.87M	138.69M	138.96M	139.38M	150.40M	151.48M	151.81M	152.46M	153.30M	154.66M	154.97M
Normalized Net Operating Profit after Tax (NOPAT)	-21	7.61	3.19	49	-226	-60	-27	37	-138	31	108
Normalized NOPAT Margin	-2.39%	0.57%	0.23%	3.98%	-18.72%	-5.67%	-2.41%	3.04%	-10.48%	2.27%	7.52%
Pre Tax Income Margin	5.52%	-3.79%	-4.84%	-0.38%	-19.37%	-8.38%	-3.31%	-2.63%	0.75%	1.43%	8.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.18	0.06	0.94	0.00	0.00	0.00	0.56	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.12	0.04	0.66	0.00	0.00	0.00	0.39	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-2.07	-1.44	-0.36	0.00	0.00	0.00	-0.72	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-2.12	-1.46	-0.64	0.00	0.00	0.00	-0.89	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.70%	0.00%	311.23%	-73.43%	-10.64%	0.00%	0.00%	-2.38%	0.00%	0.00%	0.00%
Augmented Payout Ratio	14.70%	34.54%	784.84%	-185.17%	-26.83%	0.00%	-11.72%	-13.36%	-20.05%	0.00%	0.00%

Frequently Asked Questions About Coherent's Financials

When does Coherent's fiscal year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Coherent (COHR) Financials

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Coherent (COHR) Financials

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