COHR
Coherent, Inc.
Hardware, Equipment & Parts
Market Cap$54.66B
5Y Perf.+625.2%
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Stock Comparison
COHR vs VIAV
Revenue, margins, valuation, and 5-year total return — side by side.
VIAV
Viavi Solutions Inc.
Communication Equipment
Market Cap$12.26B
5Y Perf.+357.3%
COHR vs VIAV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | COHR | VIAV |
|---|---|---|
| Industry | Hardware, Equipment & Parts | Communication Equipment |
| Market Cap | $54.66B | $12.26B |
| Revenue (TTM) | $1.81T | $1.37B |
| Net Income (TTM) | $191.68B | $-55M |
| Gross Margin | 0.1% | 55.7% |
| Operating Margin | 0.0% | 8.2% |
| Forward P/E | 64.2x | 57.3x |
| Total Debt | $3.89B | $692M |
| Cash & Equiv. | $909M | $424M |
COHR vs VIAV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
COHR
VIAV
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Coherent, Inc. (COHR) | 100 | 725.2 | +625.2% |
| Viavi Solutions Inc. (VIAV) | 100 | 457.3 | +357.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: COHR vs VIAV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: COHR leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Viavi Solutions Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
COHR
Coherent, Inc.
The Growth Play
COHR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 23.4%, EPS growth 71.7%, 3Y rev CAGR 20.5%
- 15.7% 10Y total return vs VIAV's 7.3%
- Lower volatility, beta 2.79, Low D/E 45.9%, current ratio 2.19x
Best for: growth exposure and long-term compounding
VIAV
Viavi Solutions Inc.
The Income Pick
VIAV is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 1 yrs, beta 1.54
- Beta 1.54, current ratio 1.50x
- Lower P/E (57.3x vs 64.2x)
Best for: income & stability and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | COHR | 23.4% revenue growth vs VIAV's 8.4% |
| Value | VIAV | Lower P/E (57.3x vs 64.2x) |
| Quality / Margins | COHR | 10.6% margin vs VIAV's -4.0% |
| Stability / Safety | VIAV | Beta 1.54 vs COHR's 2.79 |
| Dividends | COHR | 0.0% yield; the other pay no meaningful dividend |
| Momentum (1Y) | VIAV | +489.5% vs COHR's +393.9% |
| Efficiency (ROA) | COHR | 4.4% ROA vs VIAV's -2.3%, ROIC 3.6% vs 5.5% |
COHR vs VIAV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
COHR vs VIAV — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCOHRLAGGINGVIAV
VIAVViavi Solutions Inc.
2leads
COHRCoherent, Inc.
2leads
6 Total Categories
CATEGORYLEADERvs VIAVMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
COHR4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
VIAV5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
COHR4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
VIAV1/1
Income & Cash Flow (Last 12 Months)
Evenly matched — COHR and VIAV each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
COHR is the larger business by revenue, generating $1.81T annually — 1325.6x VIAV's $1.4B. COHR is the more profitable business, keeping 10.6% of every revenue dollar as net income compared to VIAV's -4.0%. On growth, COHR holds the edge at +1204.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | COHRCoherent, Inc. | VIAVViavi Solutions I… |
|---|---|---|
| RevenueTrailing 12 months | $1.81T | $1.4B |
| EBITDAEarnings before interest/tax | $913M | $207M |
| Net IncomeAfter-tax profit | $191.7B | -$55M |
| Free Cash FlowCash after capex | -$537.2B | $46M |
| Gross MarginGross profit ÷ Revenue | +0.1% | +55.7% |
| Operating MarginEBIT ÷ Revenue | +0.0% | +8.2% |
| Net MarginNet income ÷ Revenue | +10.6% | -4.0% |
| FCF MarginFCF ÷ Revenue | -29.7% | +3.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1204.5% | +42.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.8% | -70.2% |
Evenly matched — COHR and VIAV each lead in 3 of 6 comparable metrics.
Valuation Metrics
COHR leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, COHR's 52.3x EV/EBITDA is more attractive than VIAV's 93.8x.
| Metric | COHRCoherent, Inc. | VIAVViavi Solutions I… |
|---|---|---|
| Market CapShares × price | $54.7B | $12.3B |
| Enterprise ValueMkt cap + debt − cash | $57.6B | $12.5B |
| Trailing P/EPrice ÷ TTM EPS | -662.83x | 353.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 64.23x | 57.28x |
| PEG RatioP/E ÷ EPS growth rate | — | 77.42x |
| EV / EBITDAEnterprise value multiple | 52.28x | 93.80x |
| Price / SalesMarket cap ÷ Revenue | 9.41x | 11.31x |
| Price / BookPrice ÷ Book value/share | 6.29x | 15.33x |
| Price / FCFMarket cap ÷ FCF | 283.54x | 197.80x |
COHR leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
VIAV leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
COHR delivers a 6.9% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-7 for VIAV. COHR carries lower financial leverage with a 0.46x debt-to-equity ratio, signaling a more conservative balance sheet compared to VIAV's 0.89x. On the Piotroski fundamental quality scale (0–9), COHR scores 7/9 vs VIAV's 5/9, reflecting strong financial health.
| Metric | COHRCoherent, Inc. | VIAVViavi Solutions I… |
|---|---|---|
| ROE (TTM)Return on equity | +6.9% | -6.9% |
| ROA (TTM)Return on assets | +4.4% | -2.3% |
| ROICReturn on invested capital | +3.6% | +5.5% |
| ROCEReturn on capital employed | +4.2% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.46x | 0.89x |
| Net DebtTotal debt minus cash | $3.0B | $269M |
| Cash & Equiv.Liquid assets | $909M | $424M |
| Total DebtShort + long-term debt | $3.9B | $692M |
| Interest CoverageEBIT ÷ Interest expense | 0.01x | 2.70x |
VIAV leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
COHR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in COHR five years ago would be worth $57,531 today (with dividends reinvested), compared to $32,736 for VIAV. Over the past 12 months, VIAV leads with a +489.5% total return vs COHR's +393.9%. The 3-year compound annual growth rate (CAGR) favors COHR at 120.5% vs VIAV's 79.9% — a key indicator of consistent wealth creation.
| Metric | COHRCoherent, Inc. | VIAVViavi Solutions I… |
|---|---|---|
| YTD ReturnYear-to-date | +77.4% | +192.0% |
| 1-Year ReturnPast 12 months | +393.9% | +489.5% |
| 3-Year ReturnCumulative with dividends | +972.1% | +482.4% |
| 5-Year ReturnCumulative with dividends | +475.3% | +227.4% |
| 10-Year ReturnCumulative with dividends | +1573.2% | +734.6% |
| CAGR (3Y)Annualised 3-year return | +120.5% | +79.9% |
COHR leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — COHR and VIAV each lead in 1 of 2 comparable metrics.
Risk & Volatility
VIAV is the less volatile stock with a 1.54 beta — it tends to amplify market swings less than COHR's 2.79 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. COHR currently trades 94.5% from its 52-week high vs VIAV's 87.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | COHRCoherent, Inc. | VIAVViavi Solutions I… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.79x | 1.54x |
| 52-Week HighHighest price in past year | $364.80 | $60.43 |
| 52-Week LowLowest price in past year | $66.71 | $8.75 |
| % of 52W HighCurrent price vs 52-week peak | +94.5% | +87.7% |
| RSI (14)Momentum oscillator 0–100 | 61.7 | 69.1 |
| Avg Volume (50D)Average daily shares traded | 6.7M | 6.4M |
Evenly matched — COHR and VIAV each lead in 1 of 2 comparable metrics.
Analyst Outlook
VIAV leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates COHR as "Buy" and VIAV as "Buy". Consensus price targets imply -26.7% upside for COHR (target: $253) vs -39.2% for VIAV (target: $32).
| Metric | COHRCoherent, Inc. | VIAVViavi Solutions I… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $252.50 | $32.25 |
| # AnalystsCovering analysts | 29 | 19 |
| Dividend YieldAnnual dividend ÷ price | +0.0% | — |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.07 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.1% |
VIAV leads this category, winning 1 of 1 comparable metric.
Key Takeaway
COHR leads in 2 of 6 categories (Valuation Metrics, Total Returns). VIAV leads in 2 (Profitability & Efficiency, Analyst Outlook). 2 tied.
Best OverallCoherent, Inc. (COHR)Leads 2 of 6 categories
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COHR vs VIAV: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is COHR or VIAV a better buy right now?
For growth investors, Coherent, Inc.
(COHR) is the stronger pick with 23. 4% revenue growth year-over-year, versus 8. 4% for Viavi Solutions Inc. (VIAV). Viavi Solutions Inc. (VIAV) offers the better valuation at 353. 3x trailing P/E (57. 3x forward), making it the more compelling value choice. Analysts rate Coherent, Inc. (COHR) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — COHR or VIAV?
On forward P/E, Viavi Solutions Inc.
is actually cheaper at 57. 3x.
03Which is the better long-term investment — COHR or VIAV?
Over the past 5 years, Coherent, Inc.
(COHR) delivered a total return of +475. 3%, compared to +227. 4% for Viavi Solutions Inc. (VIAV). Over 10 years, the gap is even starker: COHR returned +1573% versus VIAV's +734. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — COHR or VIAV?
By beta (market sensitivity over 5 years), Viavi Solutions Inc.
(VIAV) is the lower-risk stock at 1. 54β versus Coherent, Inc. 's 2. 79β — meaning COHR is approximately 81% more volatile than VIAV relative to the S&P 500. On balance sheet safety, Coherent, Inc. (COHR) carries a lower debt/equity ratio of 46% versus 89% for Viavi Solutions Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — COHR or VIAV?
By revenue growth (latest reported year), Coherent, Inc.
(COHR) is pulling ahead at 23. 4% versus 8. 4% for Viavi Solutions Inc. (VIAV). On earnings-per-share growth, the picture is similar: Viavi Solutions Inc. grew EPS 225. 0% year-over-year, compared to 71. 7% for Coherent, Inc.. Over a 3-year CAGR, COHR leads at 20. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — COHR or VIAV?
Viavi Solutions Inc.
(VIAV) is the more profitable company, earning 3. 2% net margin versus 0. 8% for Coherent, Inc. — meaning it keeps 3. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: COHR leads at 9. 4% versus 6. 5% for VIAV. At the gross margin level — before operating expenses — VIAV leads at 56. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is COHR or VIAV more undervalued right now?
On forward earnings alone, Viavi Solutions Inc.
(VIAV) trades at 57. 3x forward P/E versus 64. 2x for Coherent, Inc. — 6. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for COHR: -26. 7% to $252. 50.
08Which pays a better dividend — COHR or VIAV?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is COHR or VIAV better for a retirement portfolio?
For long-horizon retirement investors, Coherent, Inc.
(COHR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1573% 10Y return). Viavi Solutions Inc. (VIAV) carries a higher beta of 1. 54 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (COHR: +1573%, VIAV: +734. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between COHR and VIAV?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: COHR is a mid-cap high-growth stock; VIAV is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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