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Coherent COHR Debt-to-equity

Debt-to-equity at other companies

MKS Instruments logo
MKS InstrumentsMKSI
1.4×-0.5×
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
2.2×-0.8×
GLW
CorningGLW
-0.7×
Ciena logo
CienaCIEN
0.5×0.0×
Broadcom Inc. logo
Broadcom Inc.AVGO
0.8×-0.2×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB

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
Current ratio+0.6×

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 debt-to-equity?
Coherent (COHR) reported debt-to-equity of 0.3× in Q1 2026.
How has Coherent's debt-to-equity changed year-over-year?
Coherent's debt-to-equity decreased by 56.5% year-over-year, from 0.7× to 0.3×.
What is the long-term trend for Coherent's debt-to-equity?
Over 4 years (2021 to 2025), Coherent's debt-to-equity has grown at a 11.1% compound annual growth rate (CAGR), from 2× to 3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.