COHR vs. NOK: Coherent vs. Nokia Stock Comparison

November 11, 2026

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

Coherent (COHR) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Coherent (COHR) and Nokia (NOK)
Profile Item	COHR	NOK
Name	Coherent Corp.	Nokia Corporation Sponsored ADR
Country/Region	United States	Finland
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	43.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 2, 1987	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

COHR

NOK

GSPC

Coherent (COHR) vs. Nokia (NOK), 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 Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Coherent (COHR) and Nokia (NOK)
Metric	COHR	NOK
Total Return (1Y)	48.11%	19.81%
Total Return (3Y, Annualized)	90.06%	36.27%
Total Return (5Y, Annualized)	28.94%	9.52%

Risk Profile

Drawdown History

COHR

NOK

GSPC

Coherent (COHR) vs. Nokia (NOK), 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 Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Coherent (COHR) carries a highly aggressive beta of 2.19, indicating much higher sensitivity to broad-market moves, whereas Nokia (NOK) is closer to market-like at 1.24 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Coherent (COHR) and Nokia (NOK)
Metric	COHR	NOK
Volatility (1Y, Annualized)	91.27%	62.40%
Beta (5Y)	2.19	1.24
Max Drawdown (5Y)	-62.87%	-55.73%
Avg. Volume (3M)	7.56M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

COHR and NOK 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 Nokia (NOK)
Metric	COHR	NOK
Sharpe Ratio (1Y)	0.48	0.25
Sortino Ratio (1Y)	0.70	0.35

Profitability

ROE (TTM)

Both Coherent (COHR) at 9.27% and Nokia (NOK) at 3.88% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
Q1: 1.63%
Min: -20.62%

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

Net Margin (TTM)

Coherent (COHR) at 12.18% retains a top-quartile share of revenue as profit, ahead of Nokia (NOK) at 3.75%, which keeps about the industry-typical share.

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%

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
Q1: 0.00%
Min: -11.02%

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

Operating Margin (TTM)

Both Coherent (COHR) at 16.30% and Nokia (NOK) at 10.81% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Coherent (COHR) and Nokia (NOK)
Metric	COHR	NOK
ROE (TTM)	9.27%	3.88%
ROA (TTM)	3.99%	3.49%
Net Margin (TTM)	12.18%	3.75%
Operating Margin (TTM)	16.30%	10.81%
Gross Margin (TTM)	38.16%	45.43%

Growth

Revenue Growth

Both Coherent (COHR) at 22.51% and Nokia (NOK) at 3.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Only one side can be read here: Nokia (NOK) reports EPS growth of -47.83%, ranked against its industry; Coherent (COHR) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Coherent (COHR) and Nokia (NOK)
Metric	COHR	NOK
Revenue Growth (YoY)	22.51%	3.48%
Revenue Growth (3Y CAGR)	11.32%	-5.76%
EPS Growth (YoY)	--	-47.83%
EPS Growth (3Y CAGR)	--	-45.71%

Financial Strength

Current Ratio (MRQ)

Both Coherent (COHR) at 2.29 and Nokia (NOK) at 1.46 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

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
Q1: 1.32
Min: 0.17

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

Debt / Equity (MRQ)

Both Coherent (COHR) at 0.37 and Nokia (NOK) at 0.16 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

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
Q1: 0.04
Min: 0.01

Coherent (COHR) vs. Nokia (NOK): 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 Nokia (NOK)
Metric	COHR	NOK
Current Ratio (MRQ)	2.29	1.46
Debt / Equity (MRQ)	0.37	0.16
Net Debt / EBITDA	1.56	-0.59

Dividends

Dividend Yield (TTM)

Coherent (COHR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nokia (NOK) reports a yield of 1.88%, ranking against industry peers normally.

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%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings; Coherent (COHR) pays no dividend (payout 0.00%).

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%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Coherent (COHR) and Nokia (NOK)
Metric	COHR	NOK
Dividend Yield (TTM)	0.00%	1.88%
Dividend Payout Ratio (TTM)	0.00%	100.17%

Valuation

P/E Ratio (TTM)

Coherent (COHR) at 39.92 is near its industry’s usual P/E ratio, while Nokia (NOK) at 47.88 sits in the richer quartile — NOK needs stronger growth or earnings quality to justify the premium.

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

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Coherent (COHR) vs. Nokia (NOK): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Coherent (COHR) at 4.80 and Nokia (NOK) at 2.08 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both Coherent (COHR) at 3.35 and Nokia (NOK) at 1.82 are valued close to their industries’ norm against book — neither stands out from peers.

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

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Coherent (COHR) and Nokia (NOK)
Metric	COHR	NOK
P/E Ratio (TTM)	39.92	47.88
P/S Ratio (TTM)	4.80	2.08
P/B Ratio (MRQ)	3.35	1.82
Free Cash Flow Yield (TTM)	-4.44%	2.98%