Revenue growth remains steady at 7.9% in 2026Q2, though profitability is strained by a sharp rise in SG&A expenses to $676.2 million, leading to a recent operating margin contraction to -2.9%.
| Metric | TTM | Oct'25 | Oct'24 | Oct'23 | Oct'22 | Oct'21 | Oct'20 | Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 | Oct'07 | Oct'06 | Oct'05 | Oct'04 | Oct'03 | Oct'02 | Oct'01 | Oct'00 | Oct'99 | Oct'98 | Oct'97 | Oct'96 |
|---|
| Sales/Revenue | 4.23B | 4.09B | 3.9B | 3.59B | 3.31B | 2.92B | 2.43B | 2.65B | 2.53B | 2.14B | 1.97B | 1.8B | 1.72B | 1.59B | 1.45B | 1.33B | 1.16B | 1.08B | 1.06B | 950.64M | 858.96M | 806.62M | 490.18M | 411.79M | 315.31M | 234.57M | 197.32M | 165.3M | 147.2M | 141.5M | 109.1M |
| Revenue Growth % | 6.09% | 5.06% | 8.41% | 8.61% | 13.2% | 20.22% | -8.39% | 4.76% | 18.41% | 8.75% | 9.45% | 4.62% | 8.19% | 9.87% | 8.59% | 14.87% | 7.23% | 1.62% | 11.84% | 10.67% | 6.49% | 64.56% | 19.04% | 30.6% | 34.42% | 18.88% | 19.37% | 12.3% | 4.03% | 29.7% | 12.36% |
| Cost of Goods Sold | 1.51B | 1.61B | 1.3B | 1.24B | 1.17B | 966.7M | 896.1M | 896.6M | 900.5M | 773.2M | 793.7M | 726.8M | 626.21M | 560.92M | 521.13M | 526.03M | 481.79M | 483.93M | 437.35M | 431.11M | 332.98M | 309.79M | 174.35M | 146.59M | 115.81M | 81.2M | 68.1M | 59.01M | 50.9M | 24.7M | 17.6M |
| COGS % of Revenue | - | 39.33% | 33.37% | 34.38% | 35.33% | 33.08% | 36.86% | 33.79% | 35.55% | 36.15% | 40.35% | 40.44% | 36.45% | 35.33% | 36.06% | 39.53% | 41.59% | 44.79% | 41.14% | 45.35% | 38.77% | 38.41% | 35.57% | 35.6% | 36.73% | 34.62% | 34.51% | 35.7% | 34.58% | 17.46% | 16.13% |
| Gross Profit | 2.72B | 2.48B | 2.6B | 2.36B | 2.14B | 1.96B | 1.53B | 1.76B | 1.63B | 1.37B | 1.17B | 1.07B | 1.09B | 1.03B | 924.01M | 804.8M | 676.72M | 596.49M | 610.03M | 519.53M | 525.98M | 496.83M | 315.83M | 265.2M | 199.49M | 153.37M | 133.12M | 109.15M | 96.3M | 64.1M | 48.5M |
| Gross Margin % | 64.37% | 60.67% | 66.64% | 65.62% | 64.67% | 66.92% | 63.14% | 66.21% | 64.45% | 63.85% | 59.64% | 59.56% | 63.55% | 64.67% | 63.94% | 60.47% | 58.41% | 55.21% | 57.38% | 54.65% | 61.23% | 61.59% | 64.43% | 64.4% | 63.27% | 65.38% | 67.46% | 66.03% | 65.42% | 45.3% | 44.45% |
| Gross Profit Growth % | - | -4.35% | 10.09% | 10.2% | 9.4% | 27.43% | -12.64% | 7.63% | 19.51% | 16.43% | 9.6% | -1.95% | 6.31% | 11.13% | 14.81% | 18.93% | 13.45% | -2.22% | 17.42% | -1.23% | 5.87% | 57.31% | 19.09% | 32.94% | 30.07% | 15.21% | 21.96% | 13.34% | 50.23% | 32.16% | 20.95% |
| Operating Expenses | 2.23B | 1.8B | 1.89B | 1.82B | 1.63B | 1.45B | 1.22B | 1.23B | 1.2B | 936.7M | 849M | 833.6M | 785.08M | 685.72M | 635.61M | 577.25M | 486.39M | 442.75M | 481.55M | 464M | 406.69M | 352.54M | 199.08M | 169.96M | 132.53M | 98.61M | 86.25M | 70.33M | 66.5M | 44.2M | 34.2M |
| OpEx % of Revenue | - | 43.98% | 48.52% | 50.78% | 49.33% | 49.62% | 50.31% | 46.31% | 47.57% | 43.79% | 43.17% | 46.39% | 45.7% | 43.19% | 43.98% | 43.37% | 41.98% | 40.98% | 45.29% | 48.81% | 47.35% | 43.71% | 40.61% | 41.27% | 42.03% | 42.04% | 43.71% | 42.55% | 45.18% | 31.24% | 31.35% |
| Selling, General & Admin | 1.91B | 1.63B | 1.53B | 1.5B | 1.34B | 1.21B | 992.5M | 996.6M | 973.3M | 799.1M | 722.8M | 712.54M | 683.12M | 596.65M | 559.9M | 513.14M | 433.06M | 391.59M | 429.3M | 407.95M | 357.84M | 297.95M | 190.53M | 162.85M | 126.73M | 89.77M | 75.42M | 61.7M | 56.2M | 38.3M | 29.7M |
| SG&A % of Revenue | - | 39.78% | 39.37% | 41.78% | 40.57% | 41.44% | 40.83% | 37.56% | 38.43% | 37.36% | 36.75% | 39.65% | 39.77% | 37.58% | 38.74% | 38.56% | 37.38% | 36.24% | 40.38% | 42.91% | 41.66% | 36.94% | 38.87% | 39.55% | 40.19% | 38.27% | 38.22% | 37.33% | 38.18% | 27.07% | 27.22% |
| Research & Development | 172.8M | 172.2M | 155.1M | 137.4M | 110.3M | 92.7M | 93.3M | 86.7M | 84.8M | 69.2M | 65.4M | 69.6M | 66.26M | 58.83M | 51.73M | 43.58M | 35.27M | 33.3M | 35.47M | 39.86M | 34.55M | 42.88M | 6.49M | 5.57M | 4.32M | 3.66M | 2.71M | 1.98M | 1.9M | 1.7M | 1.2M |
| R&D % of Revenue | - | 4.21% | 3.98% | 3.82% | 3.33% | 3.17% | 3.84% | 3.27% | 3.35% | 3.24% | 3.33% | 3.87% | 3.86% | 3.71% | 3.58% | 3.27% | 3.04% | 3.08% | 3.34% | 4.19% | 4.02% | 5.32% | 1.32% | 1.35% | 1.37% | 1.56% | 1.37% | 1.2% | 1.29% | 1.2% | 1.1% |
| Other Operating Expenses | 3M | 0 | 201.2M | 186.2M | 179.5M | 146.1M | 137.2M | 145.8M | 146.7M | 68.4M | 60.8M | 51.5M | 35.71M | 30.24M | 23.98M | 20.53M | 18.06M | 17.86M | 16.77M | 16.19M | 14.3M | 11.7M | 2.05M | 1.53M | 1.48M | 5.18M | 4.21M | 3.8M | 8.4M | 4.2M | 3.3M |
| Operating Income | 497.9M | 682.9M | 705.7M | 533.1M | 507.6M | 505.8M | 311.8M | 546.7M | 403.1M | 429.1M | 324.1M | 236.7M | 306.49M | 305.94M | 283.4M | 227.56M | 189.91M | 149.86M | 126.96M | 45.85M | 112.9M | 135.83M | 116.75M | 95.24M | 66.97M | 54.76M | 46.87M | 38.81M | 29.8M | 19.9M | 14.3M |
| Operating Margin % | 11.77% | 16.69% | 18.12% | 14.84% | 15.34% | 17.31% | 12.83% | 20.6% | 15.92% | 20.06% | 16.48% | 13.17% | 17.84% | 19.27% | 19.61% | 17.1% | 16.39% | 13.87% | 11.94% | 4.82% | 13.14% | 16.84% | 23.82% | 23.13% | 21.24% | 23.34% | 23.75% | 23.48% | 20.24% | 14.06% | 13.11% |
| Operating Income Growth % | - | -3.23% | 32.38% | 5.02% | 0.36% | 62.22% | -42.97% | 35.62% | -6.06% | 32.4% | 36.92% | -22.77% | 0.18% | 7.96% | 24.54% | 19.82% | 26.73% | 18.03% | 176.89% | -59.39% | -16.88% | 16.35% | 22.58% | 42.21% | 22.3% | 16.83% | 20.76% | 30.24% | 49.75% | 39.16% | 76.54% |
| EBITDA | 697M | 1.11B | 1.08B | 900.8M | 853.7M | 815.1M | 598.9M | 827.5M | 678.2M | 617.5M | 522.4M | 428.1M | 444.69M | 431.29M | 394.61M | 325.7M | 283.91M | 242.46M | 209.15M | 130.37M | 174.55M | 184.47M | 132.4M | 107.77M | 78.34M | 65.75M | 55.6M | 47.25M | 38.2M | 24.1M | 17.6M |
| EBITDA Margin % | 16.47% | 27.02% | 27.75% | 25.07% | 25.8% | 27.89% | 24.64% | 31.19% | 26.78% | 28.87% | 26.56% | 23.82% | 25.89% | 27.16% | 27.31% | 24.47% | 24.51% | 22.44% | 19.67% | 13.71% | 20.32% | 22.87% | 27.01% | 26.17% | 24.85% | 28.03% | 28.18% | 28.59% | 25.95% | 17.03% | 16.13% |
| EBITDA Growth % | -37.84% | 2.32% | 19.98% | 5.52% | 4.74% | 36.1% | -27.63% | 22.01% | 9.83% | 18.2% | 22.03% | -3.73% | 3.11% | 9.3% | 21.16% | 14.72% | 17.1% | 15.93% | 60.43% | -25.31% | -5.38% | 39.33% | 22.86% | 37.56% | 19.16% | 18.24% | 17.68% | 23.69% | 58.51% | 36.93% | 54.39% |
| D&A (Non-Cash Add-back) | 193.8M | 423M | 375.1M | 367.7M | 346.1M | 309.3M | 287.1M | 280.8M | 275.1M | 188.4M | 198.3M | 191.4M | 138.2M | 125.35M | 111.21M | 98.15M | 94M | 92.6M | 82.19M | 84.51M | 61.65M | 48.64M | 15.65M | 12.53M | 11.37M | 10.99M | 8.73M | 8.44M | 8.4M | 4.2M | 3.3M |
| EBIT | 481.2M | 630.4M | 696.6M | 518.2M | 532.6M | 514.6M | 303.3M | 545.4M | 414.6M | 427.4M | 321.8M | 233.6M | 304.5M | 321.44M | 287.22M | 210.11M | 161.09M | 158.97M | 126.99M | 55.53M | 119.28M | 144.3M | 116.75M | 95.24M | 66.97M | 54.76M | 46.87M | 38.81M | 29.8M | 19.9M | 14.3M |
| Net Interest Income | -93.1M | -100M | -114.3M | -105.3M | -57.3M | -23.1M | -36.8M | -68M | -82.7M | -33.4M | -26.2M | -18.1M | -7.96M | -9.17M | -11.77M | -17.34M | -36.67M | -44.14M | -50.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 93.1M | 100M | 114.3M | 105.3M | 57.3M | 23.1M | 36.8M | 68M | 82.7M | 33.4M | 26.19M | 18.1M | 7.96M | 9.17M | 11.77M | 17.34M | 36.67M | 44.14M | 53.77M | 67.5M | 58.65M | 43.55M | 2.52M | 2.55M | 0 | 1.52M | 5.17M | 2.8M | 25.1M | 20.9M | 4.1M |
| Other Income/Expense | -85.4M | -116.4M | -123.4M | -120.2M | -32.3M | -14.3M | -45.3M | -91.4M | -71.2M | -35.1M | -28.5M | -21.2M | -9.95M | 6.33M | -7.95M | -34.79M | -65.49M | -35.03M | -50.76M | -45.18M | -39.56M | -27.38M | -4.26M | -4.75M | -1.8M | -2.63M | -4.74M | -6.1M | -6.7M | -2.9M | -3.1M |
| Pretax Income | 412.5M | 566.5M | 582.3M | 412.9M | 475.3M | 491.5M | 266.5M | 477.4M | 331.9M | 394M | 295.63M | 215.49M | 296.53M | 312.27M | 275.45M | 192.76M | 124.43M | 114.83M | 76.21M | 672K | 73.34M | 108.46M | 112.49M | 90.49M | 65.17M | 52.13M | 42.13M | 32.7M | 23.1M | 21.8M | 12.1M |
| Pretax Margin % | 9.75% | 13.84% | 14.95% | 11.49% | 14.37% | 16.82% | 10.96% | 17.99% | 13.1% | 18.42% | 15.03% | 11.99% | 17.26% | 19.67% | 19.06% | 14.48% | 10.74% | 10.63% | 7.17% | 0.07% | 8.54% | 13.45% | 22.95% | 21.97% | 20.67% | 22.22% | 21.35% | 19.78% | 15.69% | 15.41% | 11.09% |
| Income Tax | 176.7M | 191.6M | 190M | 118.7M | 89.5M | -2.45B | 28.1M | 10.7M | 192M | 21.1M | 20.7M | 10.34M | 24.7M | 15.37M | 26.81M | 17.33M | 11.62M | 14.28M | 10.73M | 11.86M | 7.1M | 16.73M | 19.66M | 21.72M | 16.29M | 14.99M | 12.73M | 10.7M | -34.7M | -26.6M | -4.5M |
| Effective Tax Rate % | 42.84% | 33.82% | 32.63% | 28.75% | 18.83% | -499.13% | 10.54% | 2.24% | 57.85% | 5.36% | 7% | 4.8% | 8.33% | 4.92% | 9.73% | 8.99% | 9.34% | 12.44% | 14.08% | 1765.48% | 9.69% | 15.43% | 17.48% | 24% | 25% | 28.76% | 30.21% | 32.72% | -150.22% | -122.02% | -37.19% |
| Net Income | 235.8M | 374.9M | 392.3M | 294.2M | 385.8M | 2.94B | 238.4M | 466.7M | 139.9M | 372.9M | 273.92M | 203.52M | 269.86M | 296.15M | 248.34M | 175.43M | 112.8M | 100.55M | 65.48M | -11.19M | 66.23M | 91.72M | 92.83M | 68.77M | 48.88M | 37.14M | 28.97M | 25.1M | 39.8M | 31.4M | 16.6M |
| Net Margin % | 5.57% | 9.16% | 10.07% | 8.19% | 11.66% | 100.76% | 9.81% | 17.59% | 5.52% | 17.43% | 13.93% | 11.33% | 15.71% | 18.65% | 17.18% | 13.18% | 9.74% | 9.31% | 6.16% | -1.18% | 7.71% | 11.37% | 18.94% | 16.7% | 15.5% | 15.83% | 14.68% | 15.18% | 27.04% | 22.19% | 15.22% |
| Net Income Growth % | -43.07% | -4.44% | 33.34% | -23.74% | -86.9% | 1135.19% | -48.92% | 233.6% | -62.48% | 36.14% | 34.59% | -24.58% | -8.88% | 19.25% | 41.56% | 55.52% | 12.19% | 53.56% | 685.02% | -116.9% | -27.79% | -1.19% | 34.98% | 40.71% | 31.61% | 28.2% | 15.41% | -36.93% | 26.75% | 89.16% | 16500% |
| Net Income (Continuing) | 235.8M | 374.9M | 392.3M | 294.2M | 385.8M | 2.94B | 238.4M | 466.7M | 139.9M | 372.9M | 274.9M | 205.14M | 271.83M | 296.91M | 248.64M | 175.43M | 112.8M | 100.55M | 65.48M | -11.19M | 66.23M | 91.72M | 92.83M | 68.77M | 48.88M | 37.14M | 29.4M | 22M | 57.8M | 43.7M | 15.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 100K | 168K | 6.39M | 18.56M | 18.96M | 20.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.21 | 1.87 | 1.96 | 1.48 | 1.94 | 59.07 | 4.81 | 9.32 | 2.81 | 7.52 | 5.59 | 4.14 | 5.51 | 5.96 | 5.05 | 3.63 | 2.43 | 2.21 | 1.43 | -0.25 | 1.44 | 2.04 | 2.59 | 2.09 | 1.57 | 1.22 | 1.00 | 0.88 | 1.31 | 1.20 | 0.71 |
| EPS Growth % | -42.63% | -4.59% | 32.43% | -23.71% | -96.72% | 1128.07% | -48.39% | 231.67% | -62.63% | 34.53% | 35.02% | -24.86% | -7.55% | 18.02% | 39.12% | 49.38% | 9.95% | 54.55% | 672% | -117.36% | -29.41% | -21.24% | 23.92% | 33.12% | 28.69% | 22% | 13.64% | -32.82% | 9.17% | 69.01% | - |
| EPS (Basic) | - | 1.88 | 1.97 | 1.49 | 1.96 | 59.73 | 4.86 | 9.47 | 2.85 | 7.63 | 5.65 | 4.20 | 5.61 | 6.09 | 5.18 | 3.74 | 2.48 | 2.23 | 1.46 | -0.25 | 1.49 | 2.06 | 2.83 | 2.20 | 1.60 | 1.25 | 1.02 | 0.89 | 1.35 | 1.20 | 0.72 |
| Diluted Shares Outstanding | 195M | 200M | 200.4M | 199.2M | 198.8M | 199.4M | 198.2M | 200.2M | 198.8M | 198.4M | 196M | 196.8M | 195.84M | 198.74M | 196.61M | 193.24M | 186.02M | 181.91M | 187.38M | 178.83M | 190.28M | 179.85M | 143.36M | 132.98M | 124.76M | 121.97M | 116.08M | 114.5M | 122.15M | 103.43M | 94.18M |
| Basic Shares Outstanding | 195M | 200M | 198.9M | 198M | 197.2M | 197.2M | 196.4M | 197.2M | 196.4M | 195.6M | 194M | 194M | 192.24M | 194.46M | 191.65M | 187.62M | 182.12M | 180.69M | 179.98M | 178.83M | 178.09M | 165.03M | 129.87M | 124.9M | 122.23M | 118.7M | 113.5M | 112.78M | 118.62M | 103.43M | 92.87M |
| Dividend Payout Ratio | - | - | - | 1.02% | 0.78% | 0.1% | 1.26% | 0.64% | 2.07% | 0.78% | 1.06% | 1.43% | 1.07% | 0.99% | 1.15% | 1.61% | 2.42% | 2.7% | 4.12% | - | 4.03% | 2.51% | 2.09% | 2.84% | 3.12% | 2.8% | 3.91% | 2.39% | - | - | - |
Operating margin volatility
According to the latest quarterly income statement data, The Cooper Companies maintained a 7.9% year-over-year revenue growth rate in 2026Q2, demonstrating consistent demand for its specialized vision and surgical portfolios despite broader macroeconomic headwinds that have pressured other medical device manufacturers within the same competitive peer group.
The company's ability to sustain mid-to-high single-digit growth suggests that its specialized product mix, particularly in myopia management and fertility consumables, remains insulated from discretionary spending shifts. Investors should monitor whether this growth trajectory can persist without further reliance on inorganic expansion, as the current revenue base appears to be supported by recurring replacement cycles.
As reported in the 2025Q4 financial statements, the company experienced a significant contraction in gross margin to 56.4%, a sharp deviation from its historical average of approximately 67%, which suggests potential inefficiencies in manufacturing utilization or unexpected cost pressures within the global supply chain infrastructure.
While margins recovered to 68.0% by 2026Q2, the volatility observed in the prior periods indicates that the firm's high-fixed-cost manufacturing model is sensitive to production volume fluctuations. This sensitivity implies that any future disruption in the transition to newer lens technologies could lead to recurring margin instability.
Based on the 2026Q2 income statement, the company reported an operating loss of $31.0 million, marking a stark departure from the $212.8 million operating profit recorded in 2026Q1, primarily driven by a substantial spike in SG&A expenses that reached $676.2 million during the most recent quarter.
This sudden lack of operating leverage suggests that the company's cost structure may be becoming increasingly bloated, potentially due to integration efforts or aggressive marketing spend. Analysts should investigate whether this expense surge is a temporary anomaly or a structural shift that threatens the company's long-term profitability profile.
Financial data indicates that net income swung from a $130.8 million profit in 2026Q1 to a $77.9 million loss in 2026Q2, highlighting significant earnings quality concerns as the company struggles to maintain consistent bottom-line performance amidst fluctuating operating expenses and non-operating cost pressures.
The extreme variance in EPS, which dropped from $0.66 to -$0.40 in a single quarter, suggests that the company's earnings are currently highly sensitive to operational execution rather than stable core growth. Investors should remain cautious until the company demonstrates a return to predictable, positive net income generation.
While the company maintains a strong market position in specialty lenses, the 2026Q2 income statement reveals a concerning inability to scale operating income, with SG&A expenses rising disproportionately to revenue, which may indicate that the firm's competitive moat is becoming increasingly expensive to defend against peers.
Short-term margin compression and the recent operating loss suggest that the company's reliance on high-SKU complexity may be creating hidden operational costs that are not yet fully reflected in long-term valuation models. Further investigation into the sustainability of these rising overhead costs is essential for assessing the company's true earnings power.
Quick answers to the most common questions about buying COO stock.
For fiscal year 2025, The Cooper Companies, Inc. (COO) reported total revenue of $4.09B. This represents a 3651.1% increase compared to $109.1M in 1996.
The Cooper Companies, Inc. (COO) is profitable, generating $374.9M in net income for the fiscal year ending 2025 with a net profit margin of 9.2%.
The Cooper Companies, Inc. (COO) reported an operating income of $682.9M, resulting in an operating profit margin of 16.7%. This margin reflects the operational efficiency of the business before interest and taxes.
The Cooper Companies, Inc. (COO) generated $2.48B in gross profit for the year, representing a gross profit margin of 60.7%. This demonstrates the company's core pricing power and production efficiency.