_id
691052cdccc777a4e85d54e8
Ticker
COHR
Name
Coherent Inc
Exchange
NYSE
Address
375 Saxonburg Boulevard, Saxonburg, PA, United States, 16056
Country
USA
Sector
Technology
Industry
Scientific & Technical Instruments
Currency
USD
Website
https://www.coherent.com
Description
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit. The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
Last Close
178.34
Volume
4781356
Current Price
178.45
Change
0.06167993719860111
Last Updated
2025-11-29T11:44:07.021Z
Image
data:image/webp;base64,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
Ipo Date
1990-03-26T00:00:00.000Z
Market Cap
25814052864
Next Dividend Date
-
Dividend Frequency
-
Dividend Rate
-
Dividend Yield
0
Sentiment
0.9212658227848102
Sentiment Sources
79
Rating
4.4211
Target Price
168.7369
Strong Buy
11
Buy
5
Hold
3
Sell
0
Strong Sell
0
Current Quarter
2025-09-30
Revenue
1581378000
Cost Of Revenue
1002178000
Gross Profit
579200000
Operating Expenses
406961000
Operating Income
172239000
Interest Expense
58721000
Pretax Income
216886000
Net Income
226349000
Eps
1.455620578778135
Dividends Per Share
11438000
Shares Outstanding
157153611
Income Tax Expense
-8310000
EBITDA
339315000
Operating Margin
10.891703311921628
Total Other Income Expense Net
44647000
Cash
852778000
Short Term Investments
-
Receivables
1072043000
Inventories
1632605000
Total Current Assets
4041955000
Property Plant Equipment
1944353000
Total Assets
14698845000
Payables
953889000
Short Term Debt
89759000
Long Term Debt
3259406000
Total Liabilities
6011430000
Equity
8335501000
Depreciation
122429000
Change In Working Capital
-158602000
Cash From Operations
45955000
Capital Expenditures
103946000
Cash From Investing
296798000
Cash From Financing
-421486000
Net Change In Cash
-80013000
PE
231.3521
PB
3.32695899142715
ROE
2.7154816489134848
ROA
1.5399101085833615
FCF
-57991000
Fcf Percent
-0.036671181716199416
Piotroski FScore
3
Health Score
45
Deep Value Investing Score
3
Defensive Investing Score
6.5
Dividend Investing Score
2
Economic Moat Investing Score
5.3
Garp Investing Score
2
Growth Investing Score
1
Momentum Investing Score
6.5
Net Net Investing Score
1
Quality Investing Score
4.5
Value Investing Score
4.5
Quarters > 0 > quarter
2025-09-30
Quarters > 0 > income Statement > revenue
1581378000
Quarters > 0 > income Statement > cost Of Revenue
1002178000
Quarters > 0 > income Statement > gross Profit
579200000
Quarters > 0 > income Statement > operating Expenses
406961000
Quarters > 0 > income Statement > operating Income
172239000
Quarters > 0 > income Statement > interest Expense
58721000
Quarters > 0 > income Statement > pretax Income
216886000
Quarters > 0 > income Statement > net Income
226349000
Quarters > 0 > income Statement > eps
1.455620578778135
Quarters > 0 > income Statement > dividends Per Share
11438000
Quarters > 0 > income Statement > shares Outstanding
155500000
Quarters > 0 > income Statement > income Tax Expense
-8310000
Quarters > 0 > income Statement > EBITDA
339315000
Quarters > 0 > income Statement > operating Margin
10.891703311921628
Quarters > 0 > income Statement > total Other Income Expense Net
44647000
Quarters > 0 > balance Sheet > cash
852778000
Quarters > 0 > balance Sheet > short Term Investments
-
Quarters > 0 > balance Sheet > receivables
1072043000
Quarters > 0 > balance Sheet > inventories
1632605000
Quarters > 0 > balance Sheet > total Current Assets
4041955000
Quarters > 0 > balance Sheet > property Plant Equipment
1944353000
Quarters > 0 > balance Sheet > total Assets
14698845000
Quarters > 0 > balance Sheet > payables
953889000
Quarters > 0 > balance Sheet > short Term Debt
89759000
Quarters > 0 > balance Sheet > long Term Debt
3259406000
Quarters > 0 > balance Sheet > total Liabilities
6011430000
Quarters > 0 > balance Sheet > equity
8335501000
Quarters > 0 > cash Flow > net Income
225196000
Quarters > 0 > cash Flow > depreciation
122429000
Quarters > 0 > cash Flow > change In Working Capital
-158602000
Quarters > 0 > cash Flow > cash From Operations
45955000
Quarters > 0 > cash Flow > capital Expenditures
103946000
Quarters > 0 > cash Flow > cash From Investing
296798000
Quarters > 0 > cash Flow > cash From Financing
-421486000
Quarters > 0 > cash Flow > net Change In Cash
-80013000
Quarters > 0 > ratios > PE
1.455620578778135
Quarters > 0 > ratios > PB
3.32695899142715
Quarters > 0 > ratios > ROE
2.7154816489134848
Quarters > 0 > ratios > ROA
1.5399101085833615
Quarters > 0 > ratios > FCF
-57991000
Quarters > 0 > ratios > Piotroski FScore
3
Quarters > 0 > ratios > fcf Percent
-0.036671181716199416
Quarters > 0 > health Score
45
Quarters > 1 > quarter
2025-06-30
Quarters > 1 > income Statement > revenue
1529436000
Quarters > 1 > income Statement > cost Of Revenue
969287000
Quarters > 1 > income Statement > gross Profit
560149000
Quarters > 1 > income Statement > operating Expenses
401171000
Quarters > 1 > income Statement > operating Income
158978000
Quarters > 1 > income Statement > interest Expense
188206000
Quarters > 1 > income Statement > pretax Income
-63416000
Quarters > 1 > income Statement > net Income
-95619000
Quarters > 1 > income Statement > eps
-0.6149131832797428
Quarters > 1 > income Statement > dividends Per Share
11438000
Quarters > 1 > income Statement > shares Outstanding
155500000
Quarters > 1 > income Statement > income Tax Expense
34695000
Quarters > 1 > income Statement > EBITDA
296801000
Quarters > 1 > income Statement > operating Margin
10.394550670966291
Quarters > 1 > income Statement > total Other Income Expense Net
-222394000
Quarters > 1 > balance Sheet > cash
909200000
Quarters > 1 > balance Sheet > short Term Investments
-
Quarters > 1 > balance Sheet > receivables
1019824000
Quarters > 1 > balance Sheet > inventories
1437636000
Quarters > 1 > balance Sheet > total Current Assets
3927154000
Quarters > 1 > balance Sheet > property Plant Equipment
1877507000
Quarters > 1 > balance Sheet > total Assets
14910936000
Quarters > 1 > balance Sheet > payables
846984000
Quarters > 1 > balance Sheet > short Term Debt
229881000
Quarters > 1 > balance Sheet > long Term Debt
3498615000
Quarters > 1 > balance Sheet > total Liabilities
6429653000
Quarters > 1 > balance Sheet > equity
8127775000
Quarters > 1 > cash Flow > net Income
29928832
Quarters > 1 > cash Flow > depreciation
250391225
Quarters > 1 > cash Flow > change In Working Capital
137165
Quarters > 1 > cash Flow > cash From Operations
130284000
Quarters > 1 > cash Flow > capital Expenditures
131350000
Quarters > 1 > cash Flow > cash From Investing
-130691000
Quarters > 1 > cash Flow > cash From Financing
-65238000
Quarters > 1 > cash Flow > net Change In Cash
6883000
Quarters > 1 > ratios > PE
-0.6149131832797428
Quarters > 1 > ratios > PB
3.411987905669141
Quarters > 1 > ratios > ROE
-1.1764474287243434
Quarters > 1 > ratios > ROA
-0.6412675904450265
Quarters > 1 > ratios > FCF
-1066000
Quarters > 1 > ratios > Piotroski FScore
2
Quarters > 1 > ratios > fcf Percent
-0.0006969889554057836
Quarters > 1 > health Score
27
Quarters > 2 > quarter
2025-03-31
Quarters > 2 > income Statement > revenue
1497879000
Quarters > 2 > income Statement > cost Of Revenue
970189000
Quarters > 2 > income Statement > gross Profit
527690000
Quarters > 2 > income Statement > operating Expenses
382170000
Quarters > 2 > income Statement > operating Income
145520000
Quarters > 2 > income Statement > interest Expense
57284000
Quarters > 2 > income Statement > pretax Income
9890000
Quarters > 2 > income Statement > net Income
15711000
Quarters > 2 > income Statement > eps
0.10123067010309278
Quarters > 2 > income Statement > dividends Per Share
-
Quarters > 2 > income Statement > shares Outstanding
155200000
Quarters > 2 > income Statement > income Tax Expense
8125000
Quarters > 2 > income Statement > EBITDA
292090000
Quarters > 2 > income Statement > operating Margin
9.71507044293965
Quarters > 2 > income Statement > total Other Income Expense Net
-135630000
Quarters > 2 > balance Sheet > cash
890258000
Quarters > 2 > balance Sheet > short Term Investments
-
Quarters > 2 > balance Sheet > receivables
1010028000
Quarters > 2 > balance Sheet > inventories
1391525000
Quarters > 2 > balance Sheet > total Current Assets
3699857000
Quarters > 2 > balance Sheet > property Plant Equipment
1936436000
Quarters > 2 > balance Sheet > total Assets
14444825000
Quarters > 2 > balance Sheet > payables
777331000
Quarters > 2 > balance Sheet > short Term Debt
47392000
Quarters > 2 > balance Sheet > long Term Debt
3727130000
Quarters > 2 > balance Sheet > total Liabilities
6276036000
Quarters > 2 > balance Sheet > equity
7814182000
Quarters > 2 > cash Flow > net Income
1765000
Quarters > 2 > cash Flow > depreciation
146570000
Quarters > 2 > cash Flow > change In Working Capital
-44020000
Quarters > 2 > cash Flow > cash From Operations
162957000
Quarters > 2 > cash Flow > capital Expenditures
111819000
Quarters > 2 > cash Flow > cash From Investing
-111731000
Quarters > 2 > cash Flow > cash From Financing
-120015000
Quarters > 2 > cash Flow > net Change In Cash
-42612000
Quarters > 2 > ratios > PE
0.10123067010309278
Quarters > 2 > ratios > PB
3.542068510817895
Quarters > 2 > ratios > ROE
0.20105751312165496
Quarters > 2 > ratios > ROA
0.10876559598333659
Quarters > 2 > ratios > FCF
51138000
Quarters > 2 > ratios > Piotroski FScore
4
Quarters > 2 > ratios > fcf Percent
0.03414027434792797
Quarters > 2 > health Score
44
Quarters > 3 > quarter
2024-12-31
Quarters > 3 > income Statement > revenue
1434665000
Quarters > 3 > income Statement > cost Of Revenue
925314000
Quarters > 3 > income Statement > gross Profit
509351000
Quarters > 3 > income Statement > operating Expenses
364464000
Quarters > 3 > income Statement > operating Income
144887000
Quarters > 3 > income Statement > interest Expense
64278000
Quarters > 3 > income Statement > pretax Income
128404000
Quarters > 3 > income Statement > net Income
103385000
Quarters > 3 > income Statement > eps
0.6462006762964954
Quarters > 3 > income Statement > dividends Per Share
-
Quarters > 3 > income Statement > shares Outstanding
159989000
Quarters > 3 > income Statement > income Tax Expense
26862000
Quarters > 3 > income Statement > EBITDA
279348000
Quarters > 3 > income Statement > operating Margin
10.099012661492404
Quarters > 3 > income Statement > total Other Income Expense Net
-16483000
Quarters > 3 > balance Sheet > cash
917815000
Quarters > 3 > balance Sheet > short Term Investments
-
Quarters > 3 > balance Sheet > receivables
891789000
Quarters > 3 > balance Sheet > inventories
1344563000
Quarters > 3 > balance Sheet > total Current Assets
3497442000
Quarters > 3 > balance Sheet > property Plant Equipment
1889578000
Quarters > 3 > balance Sheet > total Assets
14197334000
Quarters > 3 > balance Sheet > payables
689892000
Quarters > 3 > balance Sheet > short Term Debt
68216000
Quarters > 3 > balance Sheet > long Term Debt
3832694000
Quarters > 3 > balance Sheet > total Liabilities
6232120000
Quarters > 3 > balance Sheet > equity
7597090000
Quarters > 3 > cash Flow > net Income
101542000
Quarters > 3 > cash Flow > depreciation
134461000
Quarters > 3 > cash Flow > change In Working Capital
-46302000
Quarters > 3 > cash Flow > cash From Operations
187379000
Quarters > 3 > cash Flow > capital Expenditures
105683000
Quarters > 3 > cash Flow > cash From Investing
-106059000
Quarters > 3 > cash Flow > cash From Financing
-140810000
Quarters > 3 > cash Flow > net Change In Cash
-113816000
Quarters > 3 > ratios > PE
0.6462006762964954
Quarters > 3 > ratios > PB
3.755706232254719
Quarters > 3 > ratios > ROE
1.360850009674757
Quarters > 3 > ratios > ROA
0.7282000972858707
Quarters > 3 > ratios > FCF
81696000
Quarters > 3 > ratios > Piotroski FScore
4
Quarters > 3 > ratios > fcf Percent
0.05694430407098521
Quarters > 3 > health Score
48
Valuation > metrics > PE
231.3521
Valuation > metrics > PB
3.32695899142715
Valuation > final Score
16.7304100857285
Valuation > verdict
418.2% Overvalued
Profitability > metrics > ROE
2.7154816489134848
Profitability > metrics > ROA
5.599988124558537
Profitability > metrics > Net Margin
0.14313402614681625
Profitability > final Score
44
Profitability > verdict
Weak
Risk > metrics > Debt Equity
0.721184005616459
Risk > metrics > Interest Coverage
2.9331755249399705
Risk > final Score
60
Risk > verdict
High
Liquidity > metrics > Current Ratio
3.87291021493837
Liquidity > metrics > Quick Ratio
2.3085848868584042
Liquidity > final Score
100
Liquidity > verdict
Great
Prev Valuations > 0
45.88012094330859
Prev Valuations > 1
64.57931489182104
Prev Valuations > 2
62.44293767745281
Prev Profitabilities > 0
0
Prev Profitabilities > 1
3
Prev Profitabilities > 2
22
Prev Risks > 0
51
Prev Risks > 1
58
Prev Risks > 2
57
Prev Liquidities > 0
100
Prev Liquidities > 1
100
Prev Liquidities > 2
100
Updated At
2025-12-16T13:23:51.650Z
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit. The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
Stock Price
$ 0.00
0% increase compared to yesterday.
Dividend
Frequency:
Rate:
N/ANext Payout:
N/ACoherent Corp. Stock (COHR) Opinions on Bain Capital Stake Sale Quiver Quantitative
Read more →Showing 2 of 10
(Last Updated 2025-09-30)
Rating:
BUY
Target Price:
$168.7369
Analyst Picks
Strong Buy
11
Buy
5
Hold
3
Sell
0
Strong Sell
0
Sentiment:
Bullish
(Last Updated 2025-09-30)
Health Score
Price to Earnings Ratio (P/E)
-
Very Low
Low ≥ 50
High ≤ 10
Price to Book Ratio (P/B)
-
Very High
Low ≤ 1
High ≥ 3
Return on Equity (ROE)
-
Very Low
Low ≤ 5%
High ≥ 25%
Return on Assets (ROA)
-
Very Low
Low ≤ 2%
High ≥ 10%
Free Cash Flow - Revenue % (FCF)
-
Very Low
Low ≤ 5%
High ≥ 15%
Debt to Equity
-
Low
Low ≥ 1
High ≤ 0.3
* Institutions hold a combined 0.14% of the total shares of Coherent Inc
1.
Azzad Ethical(0.0865%)
since
2025/06/30
2.
Westport Asset Management Inc(0.0544%)
since
2025/06/30
3.
Huntington National Bank(0%)
since
2025/06/30
4.
Itau Unibanco Holding SA(0%)
since
2025/03/31
5.
Richardson Capital Management, LLC(0%)
since
2025/06/30
* Investors data is estimated based on stocks listed on Finnton that are currently held by Institution/Fund.
No earnings data available.
(Last Updated 2025-09-30)
(Last Updated 2025-09-30)
Revenue
$ 0
Cost Of Revenue
$ 0
Gross Profit
$ 0
Operating Expenses
$ 0
Operating Income
$ 0
Interest Expense
$ 0
Pretax Income
$ 0
Net Income
$ 0
Income Tax Expense
$ 0
EBITDA
$ 0
Total Other Income Expense Net
$ 0
Earnings Per Share
0
Dividends Per Share
0
Shares Outstanding
0
Operating Margin
0%
(Last Updated 2025-09-30)
Cash
$ 0
Short Term Investments
$ 0
Receivables
$ 0
Inventories
$ 0
Total Current Assets
$ 0
Property Plant Equipment
$ 0
Total Assets
$ 0
Payables
$ 0
Short Term Debt
$ 0
Long Term Debt
$ 0
Total Liabilities
$ 0
Equity
$ 0
(Last Updated 2025-09-30)
Net Income
$ 0
Depreciation
$ 0
Change In Working Capital
$ 0
Cash From Operations
$ 0
Capital Expenditures
$ 0
Cash From Investing
$ 0
Cash From Financing
$ 0
Net Change In Cash
$ 0
Disclaimer: Finnton is a stock screener tool provided for informational and educational purposes only. The data, analysis, and insights offered on this website do not constitute financial, investment, tax, or legal advice. Users are solely responsible for their own investment decisions, and Finnton makes no guarantees regarding the accuracy, completeness, or reliability of the information provided. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.