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Coherent COHR Current ratio

Current ratio at other companies

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MKS InstrumentsMKSI
1.1×-2.0×
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Lumentum Holdings Inc.LITE
1.1×-3.6×
GLW
CorningGLW
1.6×-0.1×
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CienaCIEN
2.7×-0.7×
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Broadcom Inc.AVGO
2.2×+1.2×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
11.3×-2.6×

Other financials

Income statement

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Revenue$1.8B+20.5%
Gross profit$679.9M+28.8%
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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CapEx$289.7M+159%
Free cash flow-$383.5M-850%

Valuation

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Market cap$74.12B+344%
Enterprise value$75.32B+270%
P/E127.8×
P/S11.2×+8.2×

Profitability

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Gross margin36.8%+2.3pp
Net margin1.7%+1.0pp

Returns & leverage

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

Where this comes from

Calculated from Coherent’s reported figures.

Based on the most recent quarter.

The official record: Coherent’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coherent's current ratio?
Coherent (COHR) reported current ratio of 3× in Q1 2026.
How has Coherent's current ratio changed year-over-year?
Coherent's current ratio increased by 23.4% year-over-year, from 2.5× to 3×.
What is the long-term trend for Coherent's current ratio?
Over 4 years (2021 to 2025), Coherent's current ratio has grown at a -9.2% compound annual growth rate (CAGR), from 14.7× to 10×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.