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Coherent COHR Return on invested capital

Return on invested capital at other companies

MKS Instruments logo
MKS InstrumentsMKSI
9.1%+1.0pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
3.9%+2.2pp
GLW
CorningGLW
15.4%+9.7pp
Ciena logo
CienaCIEN
15%+10.9pp
Broadcom Inc. logo
Broadcom Inc.AVGO
23.5%+8.3pp
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
16.4%

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 trailing twelve months.

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 return on invested capital?
Coherent (COHR) reported return on invested capital of 2.7% in Q1 2025.
How has Coherent's return on invested capital changed year-over-year?
Coherent's return on invested capital increased by 344.8% year-over-year, from -1.1% to 2.7%.
What is the long-term trend for Coherent's return on invested capital?
Over 3 years (2021 to 2024), Coherent's return on invested capital has grown at a -63.2% compound annual growth rate (CAGR), from 26.4% to -1.3%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.