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Coherent COHR Free cash flow

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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%

Valuation

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Market cap$79.67B+531%
Enterprise value$80.87B+441%
P/E137.3×
P/S12.1×+9.8×

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

Calculated from Coherent’s reported figures.

Plus components not separately reported this period.

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 free cash flow?
Coherent (COHR) reported free cash flow of -$383.48M in Q1 2026.
How has Coherent's free cash flow changed year-over-year?
Coherent's free cash flow decreased by 849.9% year-over-year, from $51.14M to -$383.48M.
What is the long-term trend for Coherent's free cash flow?
Over 2 years (2021 to 2025), Coherent's free cash flow has grown at a -32.7% compound annual growth rate (CAGR), from $428.02M to $193.83M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.