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NEW YORK STOCK EXCHANGE, INC. · Electrical Equipment · CIK 0000820318
$207.82
-12.51% · live
Updated
$40.70B market value
From COHERENT CORP.'s FY2026 10-K, filed Aug 14, 2026 · read the filing
COHERENT makes measuring and control instruments. It took in $7.12B last year, which makes it a mid-sized company. Of every dollar it sells, about 11 cents is left as profit.
The financial picture is led by growth, with profitability and accounting worth watching, while debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 3 insiders, not under a pre-arranged plan.
$2.4M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From COHERENT CORP.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Profit
$49.4M → $805.0M
Profit margin
0.8% → 11.3%
Free cash flow
$192.8M → -$1.02B
Earnings per share
$0.32 → $4.11
Measured against FY2025, from the 10-K filed Aug 14, 2026
Improved: +1530.7%
$49.4M to $805.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
COHR fell 12.51% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −1.04%. That is 11.2 points below its sector and 11.5 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 5.6% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 11 cents of every dollar of sales as profit, earning $805.0M last year. Note that after $1.10B of spending on property and equipment, it consumed $1.02B more cash than it generated.
Yes, quickly. Sales grew 22.5% last year.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it earned $805.0M and generated $79.5M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 14, 2026Filing for FY2026 | FY202510-K · Aug 14, 2026Filing for FY2025 | FY202410-K · Aug 16, 2024Filing for FY2024 | FY202310-K · Aug 16, 2024Filing for FY2023 | FY202210-K · Aug 16, 2024Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $7.12B | $5.81B | $4.71B | $5.16B | $3.32B | +22.5% |
| Cost of revenue | $4.45B | $3.77B | $3.25B | $3.54B | $2.05B | +18.1% |
| Gross profit | $2.67B† | $2.04B† | $1.46B† | $1.62B† | $1.27B† | +30.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 37.5% | 35.2% | 30.9% | 31.4% | 38.2% | +2.3 pts |
| Selling, general and administrative | $1.04B | $926.5M | $854.0M | $1.04B | $474.1M | +12.7% |
| Operating income | — | — | $96.1M | -$37.1M | $414.3M | — |
| Operating marginOperating income ÷ revenueWhat is this? | — | — | 2.0% | -0.7% | 12.5% | — |
| Interest expense | — | — | — | $286.9M | $121.3M | — |
| Income before tax | $847.7M | $94.2M | -$147.6M | -$355.6M | $281.8M | +800.1% |
| Net income | $805.0M | $49.4M | -$156.2M | -$259.5M | $234.8M | +1530.7% |
| Net marginNet income ÷ revenueWhat is this? | 11.3% | 0.8% | -3.3% | -5.0% | 7.1% | +10.5 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $4.11 | $0.3168 | $-1.02 | $-1.73 | $1.79 | +1197.4% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 5,127 shares at $231.80 ($1.2M)
Holds 46,301 shares after this filing.
Had shares withheld to cover taxes — 18,284 shares at $312.62 ($5.7M)
Holds 52,571 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join · Reported another event
Read the filingWrite down why you are following COHERENT CORP., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 114 subsidiaries named in its 10-K, incorporated across 34 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from COHR's 10-K for fiscal year 2026 (period ending 2026-06-30, filed Aug 14, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 6.0 | 6/9 | 10-K, filed Aug 14, 2026 |
| FY2025 | 8.0 | 8/9 | 10-K, filed Aug 15, 2025 |
| FY2024 | 4.0 | 5/9 | 10-K, filed Aug 16, 2024 |
| FY2023 | 5.0 | 2/9 | 10-K, filed Aug 18, 2023 |
| FY2022 | 8.0 | 4/9 | 10-K, filed Aug 29, 2022 |
| FY2021 | 9.0 | 9/9 | 10-K, filed Aug 20, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.00
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +10.5 pts
0.8% to 11.3%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$192.8M to -$1.02BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +1197.4%
$0.32 to $4.11Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +25.7%
155.8M to 195.8MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: +150.2%
$440.8M to $1.10BCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +22.5%
$5.81B to $7.12BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +30.6%
$2.04B to $2.67BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +27.8%
$909.2M to $1.16BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +2.3 pts
35.2% to 37.5%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: -8.1%
$3.50B to $3.21BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Yes. Clearing its debt would take roughly 25.9 years of cash flow. For every $1 it owes, it owns $2.59 in assets.
The trailing P/E is 70.1x — a high multiple relative to the current trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Was granted or awarded shares — 279 shares
Holds 18,747 shares after this filing.
Had shares withheld to cover taxes — 1,130 shares at $154.00 ($174.0K)
Holds 24,280 shares after this filing.
Had shares withheld to cover taxes — 636 shares at $258.93 ($164.7K)
Holds 22,267 shares after this filing.
Had shares withheld to cover taxes — 641 shares at $287.81 ($184.5K)
Holds 20,458 shares after this filing.
Sold on the open market — 5,315 shares at $305.99 ($1.6M)
Holds 11,923 shares after this filing.
Gifted shares — 1,279 shares
Holds 10,644 shares after this filing.
Sold on the open market — 500 shares at $309.32 ($154.7K)
Holds 51,428 shares after this filing.
Sold on the open market — 2,200 shares at $268.42 ($590.5K)
Holds 13,033 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 5,315 shares ($1.6M) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Filed notice to sell 500 shares ($154.7K) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Filed notice to sell 2,200 shares ($590.5K) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Filed notice to sell 6,030 shares ($1.7M) on or after .
Shares originally obtained via Performance Stock Units.
Filed notice to sell 7,047 shares ($2.0M) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 2,272 shares ($634.3K) on or after .
Shares originally obtained via Restricted Stock Units.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Annual report for FY2026
Revenue +22.5% · Profit margin +10.5 pts · Profit +1530.7% — against FY2025
Published results · Made a Regulation FD disclosure
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2026
Revenue +20.5% · Profit margin +9.6 pts · Profit +1118.3% — against Q3 FY2025
Read the filingHad a director or senior officer leave or join
Read the filingSold shares outside a public offering · Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Revenue +17.5% · Profit margin +1.5 pts · Profit +41.9% — against Q2 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingReported another event
Read the filingReported another event
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +17.3% · Profit margin +12.4 pts · Profit +774.4% — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingAnnual report for FY2025
Revenue +23.4% · Profit margin +4.2 pts · Gross profit +40.3% — against FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingThe first 40 of 114. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-08-14. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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