Coherent COHR Ratios & Valuation
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.8%+2.3pp | 36.2%+2.8pp | 35.8%+3.6pp | 35.2%+4.2pp | 34.5%+4.7pp | |
| Free cash flow margin | -8.1%-12.7pp | -1.6%-6.0pp | 1.2%— | 3.3%— | 4.6%— | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | |
| Inventory turnover | 2.4×-0.4× | 2.5×-0.2× | 2.6×0.0× | 2.8×+0.2× | 2.7×+0.3× | |
| Liquidity | ||||||
| Current ratio | 3×+0.6× | 2.3×-0.4× | 2.3×-0.3× | 2.2×-0.5× | 2.5×-0.2× | |
| Quick ratio | 2×+0.5× | 1.3×-0.3× | 1.4×-0.3× | 1.4×-0.4× | 1.5×-0.2× | |
| Cash ratio | 1.1×0.0× | 0.8×-0.5× | 0.9×-0.4× | 0.9×-0.4× | 1.1×-0.3× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×-0.4× | 0.4×-0.4× | 0.6×-0.2× | 0.7×-0.1× | 0.7×-0.1× | |
| Debt-to-assets | 0.2×-0.1× | 0.2×-0.1× | 0.2×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Valuation | ||||||
| Market capitalization | $44.66B+344% | $29.01B+98.0% | $16.78B+23.7% | $12.53B+13.0% | $10.06B+8.5% | |
| Enterprise value | $45.86B+270% | $31.02B+82.0% | $18.74B+17.2% | $14.81B+8.7% | $12.38B+4.8% | |
| Price / sales | 6.8×+5.0× | 4.6×+1.8× | 2.8×+0.1× | 2.2×-0.2× | 1.8×-0.2× | |
| Price / book | 4.2×+2.3× | 3.4×+0.6× | 2.9×+0.4× | 2.2×+0.1× | 1.9×+0.1× | |
| EV / sales | 6.9×+4.7× | 4.9×+1.7× | 3.1×-0.1× | 2.5×-0.3× | 2.2×-0.4× | |
| Free cash flow yield | -1.2%-3.7pp | -0.4%-1.9pp | 0.4%— | 1.5%— | 2.5%— |
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.
