Coherent Inc (COHR)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,496,687 | 1,928,628 | 1,767,425 | 1,608,859 | 1,455,862 | 1,367,286 | 1,420,955 | 1,481,709 | 1,618,283 | 1,600,950 | 1,502,467 | 1,402,446 | 1,275,062 | 1,256,657 | 1,224,974 | 1,226,513 | 1,196,887 | 1,191,397 | 1,147,340 | 982,974 |
| Revenue (ttm) | US$ in thousands | 5,810,280 | 5,595,240 | 5,306,170 | 5,002,600 | 4,707,600 | 4,598,290 | 4,629,670 | 4,868,520 | 5,160,090 | 4,842,002 | 4,429,536 | 3,866,075 | 3,316,616 | 3,237,660 | 3,193,168 | 3,172,918 | 3,105,891 | 3,044,175 | 2,887,984 | 2,767,746 |
| Gross profit margin | 25.76% | 34.47% | 33.31% | 32.16% | 30.93% | 29.73% | 30.69% | 30.43% | 31.36% | 33.06% | 33.92% | 36.28% | 38.44% | 38.81% | 38.36% | 38.66% | 38.54% | 39.14% | 39.73% | 35.52% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,496,687K ÷ $5,810,280K
= 25.76%
The gross profit margin of Coherent Inc exhibits notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the margin increased from 35.52% in September 2020 to a peak of approximately 39.73% in December 2020, reflecting an improvement in profitability on sales after accounting for cost of goods sold (COGS).
Subsequently, the gross profit margin maintained relatively high levels throughout 2021, fluctuating modestly above 38%, with minor dips and recoveries, ending the year at 38.36%. In 2022, the margin demonstrated a gradual downward trend, declining from 38.81% in March to a low of 33.92% by December, indicating potential challenges in maintaining margins or increased COGS relative to sales.
Entering 2023, the margin further declined to 33.06% in March, and continued its downward trajectory into mid-2023, reaching a low of approximately 31.36% in June. By September 2023, the margin slightly recovered to 30.43%. The year closed with a marginal improvement to 30.69% in December 2023.
In early 2024, the gross profit margin showed signs of recovery, rising to nearly 32.16% in September, and continuing upward to 33.31% in December 2024. The trend persisted into the first half of 2025, with the margin increasing above 34% in March 2025, reaching 34.47%. However, a significant decline is observed in June 2025, where the margin drops markedly to 25.76%, indicating a sharp deterioration in gross profitability during this period.
Overall, the gross profit margin of Coherent Inc has experienced an initial period of growth, followed by a sustained decline throughout 2022 and 2023, with sporadic recoveries in early 2024 and 2025. The notable reduction in mid-2025 suggests possible increasing costs, pricing pressures, or changes in product mix that have impacted gross profitability.
Peer comparison
Jun 30, 2025