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Coherent COHR Ratios & Valuation

Q3 '26Q2 '26Q1 '26Q4 '25Q3 '25
Profitability
Gross margin36.8%+2.3pp36.2%+2.8pp35.8%+3.6pp35.2%+4.2pp34.5%+4.7pp
Free cash flow margin-8.1%-12.7pp-1.6%-6.0pp1.2%3.3%4.6%
Efficiency
Asset turnover0.4×0.0×0.4×+0.1×0.4×+0.1×0.4×+0.1×0.4×+0.1×
Inventory turnover2.4×-0.4×2.5×-0.2×2.6×0.0×2.8×+0.2×2.7×+0.3×
Liquidity
Current ratio+0.6×2.3×-0.4×2.3×-0.3×2.2×-0.5×2.5×-0.2×
Quick ratio+0.5×1.3×-0.3×1.4×-0.3×1.4×-0.4×1.5×-0.2×
Cash ratio1.1×0.0×0.8×-0.5×0.9×-0.4×0.9×-0.4×1.1×-0.3×
Leverage
Debt-to-equity0.3×-0.4×0.4×-0.4×0.6×-0.2×0.7×-0.1×0.7×-0.1×
Debt-to-assets0.2×-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 / sales6.8×+5.0×4.6×+1.8×2.8×+0.1×2.2×-0.2×1.8×-0.2×
Price / book4.2×+2.3×3.4×+0.6×2.9×+0.4×2.2×+0.1×1.9×+0.1×
EV / sales6.9×+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%-1.9pp0.4%1.5%2.5%

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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.