Coherent COHR Ratios & Valuation
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.8%+0.6pp | 36.2%+0.4pp | 35.8%+0.6pp | 35.2%+0.7pp | 34.5%+1.2pp | |
| Free cash flow margin | -8.1%-6.5pp | -1.6%-2.9pp | 1.2%-2.1pp | 3.3%-1.2pp | 4.6%+0.3pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Inventory turnover | 2.4×-0.1× | 2.5×-0.1× | 2.6×-0.2× | 2.8×0.0× | 2.7×0.0× | |
| Liquidity | ||||||
| Current ratio | 3×+0.8× | 2.3×-0.1× | 2.3×+0.1× | 2.2×-0.3× | 2.5×-0.2× | |
| Quick ratio | 2×+0.7× | 1.3×-0.1× | 1.4×0.0× | 1.4×-0.2× | 1.5×-0.1× | |
| Cash ratio | 1.1×+0.3× | 0.8×-0.1× | 0.9×0.0× | 0.9×-0.2× | 1.1×-0.2× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×-0.1× | 0.4×-0.2× | 0.6×-0.1× | 0.7×0.0× | 0.7×0.0× | |
| Debt-to-assets | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Valuation | ||||||
| Market capitalization | $44.66B+54.0% | $29.01B+72.8% | $16.78B+33.9% | $12.53B+24.6% | $10.06B-31.3% | |
| Enterprise value | $45.86B+47.8% | $31.02B+65.6% | $18.74B+26.5% | $14.81B+19.6% | $12.38B-27.4% | |
| Price / sales | 6.8×+2.2× | 4.6×+1.8× | 2.8×+0.6× | 2.2×+0.4× | 1.8×-1.0× | |
| Price / book | 4.2×+0.8× | 3.4×+0.5× | 2.9×+0.7× | 2.2×+0.3× | 1.9×-1.0× | |
| EV / sales | 6.9×+2.0× | 4.9×+1.8× | 3.1×+0.6× | 2.5×+0.3× | 2.2×-1.0× | |
| Free cash flow yield | -1.2%-0.8pp | -0.4%-0.8pp | 0.4%-1.1pp | 1.5%-1.0pp | 2.5%+1.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Coherent's ratios come from?
- Every ratio is computed from Coherent's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
