COHR vs. LITE: Coherent vs. Lumentum Stock Comparison

November 11, 2026

How do Coherent (COHR) and Lumentum (LITE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Coherent (COHR) and Lumentum (LITE) both fall under the Technology Hardware & Equipment industry group, but COHR is classified in Electronic Equipment, Instruments & Components while LITE is classified in Communications Equipment.

Company profile comparison for Coherent (COHR) and Lumentum (LITE)
Profile Item	COHR	LITE
Name	Coherent Corp.	Lumentum Holdings Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Communications Equipment
GICS Sub-Industry	Electronic Components	Communications Equipment
Market Capitalization	37.98 billion USD	48.84 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 2, 1987	July 23, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COHR

LITE

GSPC

Coherent (COHR) vs. Lumentum (LITE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Coherent (COHR) and Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coherent (COHR) and Lumentum (LITE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
Total Return (1Y)	48.11%	150.31%
Total Return (3Y, Annualized)	90.06%	147.76%
Total Return (5Y, Annualized)	28.94%	45.47%

Risk Profile

Drawdown History

COHR

LITE

GSPC

Coherent (COHR) vs. Lumentum (LITE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Coherent (COHR) and Lumentum (LITE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
Volatility (1Y, Annualized)	91.27%	101.27%
Beta (5Y)	2.19	1.73
Max Drawdown (5Y)	-62.87%	-66.48%
Avg. Volume (3M)	7.56M	5.27M

Risk-Adjusted Performance

Risk-Return Positioning

COHR and LITE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
Sharpe Ratio (1Y)	0.48	1.44
Sortino Ratio (1Y)	0.70	2.14

Profitability

ROE (TTM)

Lumentum (LITE) reports a negative ROE of -245.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Coherent (COHR) reports 9.27%, ranking against industry peers normally.

COHR

Technology Hardware & Equipment industry group

9.27%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
COHR: 9.27%
Q1: 1.63%
Min: -20.62%

LITE

Technology Hardware & Equipment industry group

-245.79%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%
LITE: -245.79%

Coherent (COHR) vs. Lumentum (LITE): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Lumentum (LITE) reports a negative net margin of -175.78%, usually indicating a net loss over the period. Meanwhile Coherent (COHR) reports 12.18%, ranking against industry peers normally.

COHR

Technology Hardware & Equipment industry group

12.18%

Max: 27.60%
COHR: 12.18%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

LITE

Technology Hardware & Equipment industry group

-175.78%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%
LITE: -175.78%

Coherent (COHR) vs. Lumentum (LITE): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Lumentum (LITE) at 27.95% operates in the top operating margin quartile, ahead of Coherent (COHR) at 16.30%, which runs around its industry’s norm.

COHR

Technology Hardware & Equipment industry group

16.30%

Max: 36.27%
Q3: 18.36%
COHR: 16.30%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

LITE

Technology Hardware & Equipment industry group

27.95%

Max: 36.27%
LITE: 27.95%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Coherent (COHR) vs. Lumentum (LITE): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
ROE (TTM)	9.27%	-245.79%
ROA (TTM)	3.99%	9.19%
Net Margin (TTM)	12.18%	-175.78%
Operating Margin (TTM)	16.30%	27.95%
Gross Margin (TTM)	38.16%	47.98%

Growth

Revenue Growth

Lumentum (LITE) at 83.22% clears its industry range for revenue growth, far stronger top-line momentum than Coherent (COHR) at 22.51%, which is closer to a typical peer reading.

Coherent (COHR) vs. Lumentum (LITE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Lumentum (LITE) reports EPS growth of -25,224.32%, ranked against its industry; Coherent (COHR) has no EPS growth figure this period.

Coherent (COHR) vs. Lumentum (LITE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
Revenue Growth (YoY)	22.51%	83.22%
Revenue Growth (3Y CAGR)	11.32%	19.48%
EPS Growth (YoY)	--	-25,224.32%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both Coherent (COHR) at 2.29 and Lumentum (LITE) at 1.61 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

COHR

Technology Hardware & Equipment industry group

2.29

Max: 5.34
Q3: 3.02
COHR: 2.29
Median: 1.95
Q1: 1.32
Min: 0.17

LITE

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
LITE: 1.61
Q1: 1.32
Min: 0.17

Coherent (COHR) vs. Lumentum (LITE): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Coherent (COHR) at 0.37 and Lumentum (LITE) at 0.31 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

COHR

Technology Hardware & Equipment industry group

0.37

Max: 1.76
Q3: 0.78
COHR: 0.37
Median: 0.24
Q1: 0.04
Min: 0.01

LITE

Technology Hardware & Equipment industry group

0.31

Max: 1.76
Q3: 0.78
LITE: 0.31
Median: 0.24
Q1: 0.04
Min: 0.01

Coherent (COHR) vs. Lumentum (LITE): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
Current Ratio (MRQ)	2.29	1.61
Debt / Equity (MRQ)	0.37	0.31
Net Debt / EBITDA	1.56	-0.48

Dividends

Dividend Yield (TTM)

Neither Coherent (COHR) nor Lumentum (LITE) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

COHR

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
COHR: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Coherent (COHR) vs. Lumentum (LITE): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Coherent (COHR) nor Lumentum (LITE) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

COHR

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
COHR: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Coherent (COHR) vs. Lumentum (LITE): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Coherent (COHR) trades at 39.92 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

COHR

Technology Hardware & Equipment industry group

39.92

Max: 69.48
Q3: 41.02
COHR: 39.92
Median: 26.39
Q1: 19.36
Min: 6.07

LITE

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
LITE: --

Coherent (COHR) vs. Lumentum (LITE): LITE does not report P/E ratio, so it has no value marker; COHR is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

Coherent (COHR) at 4.80 prices around its industry’s typical P/S ratio, while Lumentum (LITE) at 13.05 clears its benchmark range — LITE looks notably rich on sales.

COHR

Technology Hardware & Equipment industry group

4.80

Max: 11.30
Q3: 5.82
COHR: 4.80
Median: 2.56
Q1: 1.05
Min: 0.00

LITE

Technology Hardware & Equipment industry group

13.05

LITE: 13.05
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Coherent (COHR) vs. Lumentum (LITE): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Coherent (COHR) at 3.35 is valued about in line with its industry on P/B ratio, while Lumentum (LITE) at 10.67 carries an above-peer premium to book — LITE is pricier on assets.

COHR

Technology Hardware & Equipment industry group

3.35

Max: 10.75
Q3: 5.52
COHR: 3.35
Median: 3.17
Q1: 1.79
Min: 0.33

LITE

Technology Hardware & Equipment industry group

10.67

Max: 10.75
LITE: 10.67
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Coherent (COHR) vs. Lumentum (LITE): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Coherent (COHR) and Lumentum (LITE)
Metric	COHR	LITE
P/E Ratio (TTM)	39.92	--
P/S Ratio (TTM)	4.80	13.05
P/B Ratio (MRQ)	3.35	10.67
Free Cash Flow Yield (TTM)	-4.44%	0.29%