Coherent vs Vishay Intertechnology
Coherent is the larger business, with $7.12bn of revenue in fiscal 2026 against $3.07bn for Vishay Intertechnology (2.3 times as much). Coherent grew faster (22.5% against 4.5%). Coherent kept more of each dollar of sales as profit: a net margin of 11.3% against -0.3%. Coherent carries less debt relative to equity (29.9% against 45.5%).
| Latest fiscal year | CoherentCOHR, 2026 | Vishay IntertechnologyVSH, 2025 |
|---|---|---|
| Revenue | $7.12bn | $3.07bn |
| Revenue growth | 22.5% | 4.5% |
| Net income | $805m | −$9.0m |
| Operating margin | — | 1.9% |
| Net margin | 11.3% | -0.3% |
| Return on equity | 9.7% | -0.4% |
| Free cash flow | −$1.02bn | −$89.0m |
| Cash | $1.16bn | $515m |
| Total debt | $3.26bn | $951m |
| Debt to equity | 29.9% | 45.5% |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | — | $12.5m |
| Employees | 51,000 | 22,600 |
| Market value | $41.73bn | $3.99bn |
| Price vs our value range | — | — |
| Moat score | 37 (Weak) | 42 (Weak) |
| Insider trades, 12 months | 0 buys, 37 sales | 0 buys, 1 sales |