COHRCOHERENT CORP.
Optical Instruments & Lenses
- Revenue
- $7.1B
- 23% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.1B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired10% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear24% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.3B | $5.2B | $4.7B | $5.8B | $7.1B | 23% |
| Operating income | $414M | −$37M | $96M | — | — | |
| Net income | $235M | −$259M | −$159M | $30M | $787M | 2523% |
| Operating cash flow | $413M | $634M | $546M | $634M | $80M | 87% |
| Capex | $314M | $436M | $347M | $441M | $1.1B | 150% |
| Stock-based comp | $73M | $149M | $126M | $160M | $186M | 16% |
| Buybacks | $0 | — | — | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 3
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $28M | $714M | 543 | 315 |
| FY2025 | $4M | $34M | 123 | 112 |
| FY2024 | $101M | $108M | 100 | 95 |
| FY2023 | — | — | 70 | 90 |
| FY2022 | — | — | 70 | 76 |