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Coherent COHR Materials — R&D

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Other financials

Income statement

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Revenue$1.8B+20.5%
Gross profit$679.9M+28.9%
Net income$191.4M+1,118%
EPS (diluted)$0.97+982%

Balance sheet

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Cash & equivalents$2.2B+36.9%
Total debt$3.4B-13.2%
Total equity$10.7B+99.5%
Total assets$17.3B+19.7%

Cash flow

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Operating cash flow$57.9M-69.1%
CapEx$289.7M+159%
Free cash flow-$383.5M-850%

Valuation

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Market cap$63.61B+260%
Enterprise value$64.81B+225%
P/E109.6×
P/S9.6×+6.6×

Profitability

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Gross margin36.8%+2.3pp
Net margin1.7%+1.0pp
FCF margin-8.1%-12.7pp

Returns & leverage

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Return on equity1.8%+1.0pp
Debt / equity0.3×-0.4×
Current ratio+0.6×

Where this comes from

Reported directly by Coherent in its filing.

Tagged under the XBRL concept iivi:ResearchAndDevelopmentExpenseAdjusted.

The source filing: Coherent’s 10-K, filed August 15, 2025.

Filed
Aug 15, 2025
Fiscal year
FY2025
Accession
0000820318-25-000014
2025NetworkingMaterialsLasersUnallocatedTotal
Inter-segment revenues58,465547,6018,310(614,376)
Less:
Cost of goods sold (1)2,507,154856,668836,592(614,376)3,586,038
Research and development (1)247,072177,822120,045544,939
Selling, general and administrative (1)81,993112,240170,190364,423
Segment profit$643,522$354,714$316,4791,314,715
Unallocated Corporate expenses
Corporate and centralized function costs (2)(277,771)

Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Coherent's materials — R&D?
Coherent (COHR) reported materials — R&D of $44.46M in Q2 2025.
How has Coherent's materials — R&D changed year-over-year?
Coherent's materials — R&D increased by 10.2% year-over-year, from $40.35M to $44.46M.
What is the long-term trend for Coherent's materials — R&D?
Over 2 years (2023 to 2025), Coherent's materials — R&D has grown at a 2.8% compound annual growth rate (CAGR), from $168.21M to $177.82M.
What does materials — R&D mean?
Represents the investment made by the Materials segment into innovation, new product development, and process improvements. This expenditure is critical for maintaining competitive advantage in engineered materials and semiconductor applications.

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