Coherent Inc
NYSE: COHR · TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS
Updated 2026-09-14
Coherent Inc (COHR) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2015 | 2016 | 2016 | 2017 | 2017 | 2018 | 2018 | 2019 | 2019 | 2020 | 2020 | 2021 | 2021 | 2022 | 2022 | 2023 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.06B | $1.21B | $1.22B | $1.48B | $1.48B | $1.76B | $1.76B | $1.95B | $1.95B | $5.23B | $5.23B | $6.51B | $6.51B | $7.84B | $7.84B | $13.71B | $13.71B | $14.49B | $14.91B | $18.30B |
| Cash & equivalents | — | $218.44M | — | $271.89M | — | $247.04M | — | $204.87M | — | $493.05M | — | $1.59B | — | $2.58B | — | $821.31M | — | $926.03M | $909.20M | $1.16B |
| Current assets | $512.97M | $582.96M | $582.96M | $702.30M | $702.30M | $761.84M | $761.84M | $812.91M | $812.91M | $1.79B | $1.79B | $3.03B | $3.03B | $4.31B | $4.31B | $3.25B | $3.25B | $3.66B | $3.93B | $6.93B |
| Total liabilities | $329.08M | $429.64M | $437.41M | $576.73M | $576.73M | $737.35M | $737.35M | $820.56M | $820.56M | $3.16B | $3.16B | $2.38B | $3.11B | $3.46B | $3.46B | $6.48B | $6.48B | $6.54B | $6.43B | $7.06B |
| Current liabilities | $139.16M | $171.24M | $171.24M | $184.95M | $184.95M | $236.47M | $236.47M | $270.56M | $270.56M | $672.89M | $672.89M | $729.59M | $729.59M | $1.27B | $1.27B | $1.08B | $1.08B | $1.34B | $1.79B | $2.85B |
| Long-term debt | $0.00 | — | $0.00 | — | $589.00M | — | $420.71M | — | $391.70M | — | $411.14M | — | $425.80M | $1.90B | $1.90B | $4.23B | $4.23B | $4.03B | $3.50B | $3.21B |
| Shareholder equity | — | $782.34M | — | $900.56M | — | $1.02B | — | $1.13B | — | $2.08B | — | $4.13B | — | $4.38B | — | $7.23B | — | $7.57B | $8.13B | $10.90B |
| Retained earnings | $587.30M | $652.79M | $652.79M | $748.06M | $748.06M | $836.06M | $836.06M | $943.58M | $943.58M | $876.55M | $876.55M | $1.14B | $1.14B | $1.35B | $1.35B | $944.42M | $944.42B | $664.94M | $584.37M | $1.35B |
| Accounts receivable | $140.77M | $164.82M | $164.82M | $193.38M | $193.38M | $215.03M | $215.03M | $269.64M | $269.64M | $598.12M | $598.12M | $658.96M | $658.96M | $700.33M | $700.33M | $901.53M | $929.80M | $848.54M | $1.02B | $1.34B |
| Inventory | $164.39M | $175.13M | $175.13M | $203.69M | $203.69M | $248.27M | $248.27M | $296.28M | $296.28M | $619.81M | $619.81M | $695.83M | $695.83M | $902.56M | $902.56M | $1.27B | $1.27B | $1.29B | $1.44B | $2.58B |
| Goodwill | $195.89M | $233.75M | $233.75M | $250.34M | $250.34M | $270.68M | $270.68M | $319.78M | $319.78M | $1.24B | $1.24B | $1.30B | $1.30B | $1.29B | $1.29B | $4.51B | $4.51B | $4.46B | $4.47B | $4.38B |
Frequently asked questions
What is Coherent Inc's revenue?
Coherent Inc's trailing twelve-month revenue is $7.12B, and consensus projects about $17.10B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is COHR?
In its most recent fiscal year, COHR ran a gross margin of 37.50%, an operating margin of 12.67%, and a net margin of 11.31%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does COHR generate?
COHR produced $-1.03B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is COHR's balance sheet healthy?
COHR holds $1.16B in cash and equivalents against $3.21B in long-term debt, on $10.90B of shareholder equity. That debt is best read against the cash flow the business throws off each year.