Coherent Inc (COHR)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 49,496 | 65,243 | 36,345 | -94,031 | -187,565 | -285,946 | -270,213 | -288,294 | -259,458 | -54,880 | -8,424 | 104,305 | 200,385 | 239,457 | 264,534 | 277,877 | 266,761 | 252,606 | 184,448 | 5,235 |
| Total stockholders’ equity | US$ in thousands | 2,483,300 | 7,814,180 | 7,597,090 | 5,501,080 | 7,574,890 | 7,668,810 | 7,773,070 | 7,103,570 | 7,228,970 | 7,451,080 | 7,361,260 | 7,162,520 | 4,383,280 | 4,384,180 | 4,283,580 | 4,194,370 | 4,132,350 | 3,325,150 | 3,236,810 | 3,046,680 |
| ROE | 1.99% | 0.83% | 0.48% | -1.71% | -2.48% | -3.73% | -3.48% | -4.06% | -3.59% | -0.74% | -0.11% | 1.46% | 4.57% | 5.46% | 6.18% | 6.62% | 6.46% | 7.60% | 5.70% | 0.17% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $49,496K ÷ $2,483,300K
= 1.99%
The analysis of Coherent Inc.'s return on equity (ROE) over the specified period reveals a pattern characterized by significant fluctuation and an overall declining trend transitioning into negative territory. Initially, at the end of September 2020, the ROE was minimal at 0.17%, indicating negligible profitability relative to shareholders’ equity. Subsequently, a notable improvement occurred by December 2020, with ROE rising to 5.70%, reflecting enhanced profitability and efficiency in generating returns for shareholders.
Throughout 2021, the company's ROE further increased, reaching a peak of 7.60% at the end of March 2021. However, this upward momentum was short-lived, as the ROE declined slightly to 6.46% by June 2021, and stabilized around similar levels through September 2021 (6.62%) and December 2021 (6.18%), suggesting a period of relative operational consistency but with some signs of waning profitability.
Entering 2022, a consistent decline in ROE becomes evident. It decreased from 5.46% at the end of March 2022 to 4.57% at June 2022, and then sharply dropped to 1.46% by September 2022. The downward trend persisted into late 2022 and 2023, with the ROE turning negative (-0.11% at December 2022) and further declining to -0.74% in March 2023, reaching its lowest point of -4.06% by September 2023. The continued negative values through December 2023 and March 2024 reflect substantial challenges in generating profitable returns for shareholders.
In the subsequent period, a gradual recovery is observable. The ROE edged upward from -3.48% at December 2023 to -1.71% at September 2024, then crossed into positive territory for the first time since 2022, reaching 0.48% in December 2024. This improvement persisted into the subsequent quarters, with a progressive increase to 0.83% at March 2025 and further to 1.99% at June 2025.
Overall, the trend indicates that Coherent Inc. experienced a period of initial profitability growth, followed by a sustained decline culminating in negative ROE figures, signifying periods of unprofitability and possible losses. The recent data demonstrates a tentative recovery trajectory, with positive ROE figures returning in late 2024 and early 2025, suggesting potential improvements in profitability or operational efficiency. However, the values remain relatively low compared to peak levels observed in early 2021, indicating ongoing challenges in fully restoring prior profitability levels.
Peer comparison
Jun 30, 2025