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Stock Coherent, Inc. COHR

Coherent, Inc. — Investlytic score 3/5 on the five criteria.

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60/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 3/5 criteria met. Data as of 01/11/2026.

  • ✅ Price trend passed
  • ✅ Growth passed
  • ✅ Debt passed
  • ❌ P/E failed
  • ❌ Correction failed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: 3.73%

Price change 2019 → 2020: 125.60%

Price change 2020 → 2021: -10.04%

Price change 2021 → 2022: -48.63%

Price change 2022 → 2023: 24.02%

Price change 2023 → 2024: 117.62%

Price change 2024 → 2025: 94.84%

Price change 2025 → 2026: 16.51%

Price change 2026 (year to date): 10.66%

Financial growth

Revenue CAGR (8 years): 26.64%

Earnings CAGR (8 years): 33.32%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.32

Debt/equity < 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 44.09

P/E > 25.0 (maximum threshold).

Correction (6 months)

Current correction: 49.62% from the high over 6 months.

Excessive correction (> 20.0%).

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Criteria of the Investlytic model

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
Coherent, Inc.43.30.48+20.8 %🔒
Block, Inc.23.70.40+44.4 %–
Dassault Systèmes SE19.60.36+9.7 %–
Workday, Inc.20.50.37+44.9 %–
Celestica Inc.26.90.41+4.4 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Coherent, Inc. over the latest fiscal years.

Revenue
7.1 bn USD
fiscal year 2026
Net income
805 m USD
fiscal year 2026
Net margin
11.3 %
fiscal year 2026
Average annual growth
+18.0 %
Revenue growth over 5 years
Average annual growth
+24.0 %
Revenue growth over 10 years
Market cap
38.0 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
20213.1 bn298 m9.6 %n/a
20223.3 bn235 m7.1 %+6.8 %
20235.2 bn-259 m-5.0 %+55.6 %
20244.7 bn-156 m-3.3 %-8.8 %
20255.8 bn49.4 m0.8 %+23.4 %
20267.1 bn805 m11.3 %+22.5 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Coherent, Inc. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
average accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
3.30
safe zone (above 2.99)
Piotroski Score
4 / 9
4 to 6: average accounts
Net Debt / EBITDA
1.63 x
moderate debt
Fiscal year20222023202420252026
Cash and investments2.6 bn821 m926 m909 m2.0 bn
Total Debt2.4 bn4.5 bn4.3 bn3.9 bn3.5 bn
Net Debt-144 m3.7 bn3.4 bn3.0 bn2.4 bn
Equity4.4 bn7.2 bn7.6 bn8.1 bn10.9 bn
Total assets7.8 bn13.7 bn14.5 bn14.9 bn18.3 bn
Operating cash flow413 m634 m546 m634 m79.5 m
Investments (capex)314 m436 m347 m441 m1.1 bn
Free cash-flow99.0 m198 m199 m193 m-1.0 bn
Share buybacks21.2 m54.2 m22.3 m54.0 m0
Dividends paid34.5 m27.6 m011.4 m11.4 m

Amounts in USD, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)38.03 x
Price / book value3.34 x
Return on Equity (ROE)9.3 %
Return on Invested Capital (ROIC)6.0 %
Net margin12.2 %
Debt / equity0.38 x
Current ratio2.29 x
Interest coverage5.94 x
Free cash-flow yield-2,289.2 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

Coherent, Inc. compared with its sector on the same exchange and with its main competitors.

Company P/E
39.7
close to the sector
Sector median P/E
38.2
technology, Nasdaq
Sector over 10 years
43.0
10-year median, range 30.8 to 59.5

Direct competitors

CompanyMarket cap (USD)P/ENet margin
Coherent, Inc.38.0 bn39.70.8 %
nLIGHT, Inc. LASR2.2 bn79.2-9.0 %
IPG Photonics Corporation IPGP2.8 bn67.33.1 %
Lumentum Holdings Inc. LITE48.8 bn89.51.6 %
Han's Laser Technology Industry Group Co., Ltd. 002008.SZ8.1 bn22.26.3 %
Wuhan DR Laser Technology Corp.,Ltd 300776.SZ3.4 bn50.025.5 %
Lasertec Corporation LSRCY18.4 bn41.833.7 %
Novanta Inc. NOVT5.1 bn38.85.5 %
MKS Inc. MKSI13.0 bn19.27.5 %
Sector median (Nasdaq)38.2

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering Coherent, Inc. publish: ratings, price targets and earnings forecasts.

Majority rating
buy
31 analysts
Average price target
374.22 USD
from 230.00 USD to 448.00 USD, 27 targets over 12 months
Gap with the share price
+77.9 %
price 210.32 USD on 30/10/2026

Breakdown of ratings

strong buy 1buy 24hold 6sell 0strong sell 0

Average target over the last 3 months: 401.14 USD (7 targets).

Analyst forecasts

Fiscal yearRevenueNet incomeExpected EPS (range)P/E on this EPSAnalysts
20267.1 bn1.1 bn5.48 (5.42 / 5.58)38.411
202710.6 bn1.9 bn9.45 (8.82 / 10.27)22.314
202814.6 bn3.0 bn14.07 (11.54 / 16.84)14.912

Amounts in USD, the reporting currency.

Track record against expectations: reported EPS above consensus 12 times over the last 12 releases.

Rating changes (12 months)

DateFirmBeforeAfter
30/10/2026B. Riley SecuritiesNeutralNeutral
30/10/2026Morgan StanleyEqual WeightEqual Weight
27/10/2026NeedhamBuyBuy
21/10/2026SusquehannaPositivePositive
19/10/2026TD CowenBuyBuy

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

Coherent, Inc.: dividend history, last distributions, stock splits and earnings releases.

Frequency
exceptional
Last dividend
1.00 USD
ex-dividend on 17/12/2012
Yield
0.1 %
on the last known price
Years of increases
0
consecutive
Years of payments
0
uninterrupted

Latest ex-dividend dates

Ex-dividendAmountPayment
17/12/20121.00 USD27/12/2012

Earnings releases

DatePublished EPSExpected EPSSurprise
12/08/20261.741.62+7.4 %
06/05/20261.411.40+0.7 %
04/02/20261.291.21+6.6 %
05/11/20251.161.04+11.5 %
13/08/20251.000.92+8.7 %
07/05/20250.910.86+6.3 %

Stock splits

DateOperation
27/06/2011split: 2 shares for 1
23/03/2005split: 2 shares for 1
21/09/2000split: 2 shares for 1
08/09/1995split: 2 shares for 1

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in Coherent, Inc.

Free float
95.5 %
share of freely traded shares
Large funds tracked
28
hold the stock as of 2026Q2
Executives (insiders)
0 / 10
0 purchases, 10 sales in 130 days
US elected officials
14
6 purchases, 8 sales in 12 months

Indices: S&P 500 (since 23/03/2026).

Large funds tracked

FundSharesValue (USD)Weight in the fundChangeQuarter
State Street17.2 m6.8 bn0.1 %+121.8 %2026Q2
BlackRock16.6 m6.6 bn0.1 %+11.1 %2026Q2
Fidelity11.0 m4.3 bn0.2 %-51.4 %2026Q2
Vanguard Group16.1 m3.0 bn0.0 %-1.0 %2025Q4
Invesco7.4 m2.9 bn0.2 %+10.7 %2026Q2
Geode Capital Management5.3 m2.1 bn0.1 %+0.6 %2026Q2
Morgan Stanley3.3 m1.3 bn0.1 %+19.1 %2026Q2
T. Rowe Price3.1 m1.2 bn0.1 %+99.8 %2026Q2

Latest insider transactions

DatePersonSideAmount
11/09/2026Digirolomo Enricosale1.6 m USD
09/09/2026Beard Robert Psale154,660 USD
02/09/2026Neal-graves Lisasale590,524 USD
31/08/2026Digirolomo Enricosale628,998 USD
31/08/2026Skaggs Stephen Asale629,062 USD
06/03/2026Digirolomo Enricosale944,506 USD

Elected officials' disclosures

DateOfficialSideAmount
25/09/2026Ro Khannapurchase$1,001 - $15,000
23/09/2026Ro Khannasale$1,001 - $15,000
11/09/2026Ro Khannasale$1,001 - $15,000
18/08/2026Gilbert Cisnerossale$1,001 - $15,000
25/06/2026Sheldon Whitehousepurchase$15,001 - $50,000

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 08/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
no
head office outside the EU and EEA
Listing exchange
Nasdaq
IPO: 02/10/1987
ISIN code
US19247G1076
Workforce
26,157
full-time employees
Chief executive
James Robert Anderson

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Coherent, Inc.

What is the Coherent, Inc. share price?

Latest recorded price: 192.81 USD on 06/11/2026, for a market cap of 38.0 bn USD.

What is the revenue of Coherent, Inc.?

7.1 bn USD for fiscal year 2026, with net income of 805 m USD (net margin 11.3 %).

Does Coherent, Inc. pay a dividend?

Yes. Latest dividend: 1.00 USD per share, ex-dividend on 17/12/2012. Over 12 months: 0.0000 USD. Yield on the latest known price: 0.1 %.

What do analysts say about Coherent, Inc.?

Out of 31 analysts: 25 buy or strong buy, 6 hold, 0 sell or strong sell. Average price target: 374.22 USD, i.e. +77.9 % from the share price.

What is the P/E ratio of Coherent, Inc.?

Trailing 12-month P/E of 39.7, against 38.2 for the sector median on the same exchange (10-year median: 43.0).

Is Coherent, Inc. stock eligible for the French PEA?

No: the company is headquartered outside the European Union and the European Economic Area (ISIN US19247G1076).

How many employees does Coherent, Inc. have?

26,157 full-time employees according to the latest published profile.

Who runs Coherent, Inc.?

James Robert Anderson is the company's chief executive.

Which large funds own Coherent, Inc.?

As of 2026Q2, among the large funds tracked: State Street, BlackRock, Fidelity, Vanguard Group, Invesco.

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