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Coherent COHR Net debt / EBITDA

Net debt / EBITDA at other companies

MKS Instruments logo
MKS InstrumentsMKSI
3.8×-0.7×
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
17×
GLW
CorningGLW
-0.4×-2.6×
Ciena logo
CienaCIEN
0.8×-1.2×
Broadcom Inc. logo
Broadcom Inc.AVGO
1.2×-0.9×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
-0.5×

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×
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 net debt / EBITDA?
Coherent (COHR) reported net debt / EBITDA of 3.4× in Q1 2025.
How has Coherent's net debt / EBITDA changed year-over-year?
Coherent's net debt / EBITDA decreased by 57.8% year-over-year, from 8.2× to 3.4×.
What is the long-term trend for Coherent's net debt / EBITDA?
Over 3 years (2021 to 2024), Coherent's net debt / EBITDA has grown at a 92.3% compound annual growth rate (CAGR), from 3.8× to 27.3×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.