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COHERENT CORP.（COHR）与自由媒体集团（FWONA）财务数据对比。点击上方公司名可切换其他公司
COHERENT CORP.的季度营收约是自由媒体集团的1.0倍（$1.7B vs $1.6B），自由媒体集团净利率更高（20.7% vs 8.7%，领先12.0%），自由媒体集团同比增速更快（150.7% vs 17.5%），自由媒体集团自由现金流更多（$62.0M vs $-95.7M），过去两年COHERENT CORP.的营收复合增速更高（18.1% vs -23.5%）
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
COHR vs FWONA — 直观对比
营收规模更大
COHR
是对方的1.0倍
$1.6B
营收增速更快
FWONA
高出133.2%
17.5%
净利率更高
FWONA
高出12.0%
8.7%
自由现金流更多
FWONA
多$157.7M
$-95.7M
两年增速更快
COHR
近两年复合增速
-23.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.6B |
| 净利润 | $146.7M | $333.0M |
| 毛利率 | 36.9% | — |
| 营业利润率 | 10.0% | 14.0% |
| 净利率 | 8.7% | 20.7% |
| 营收同比 | 17.5% | 150.7% |
| 净利润同比 | 41.9% | 193.8% |
| 每股收益（稀释后） | $0.76 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COHRFWONA
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $447.0M | ||
| Q4 24 | $1.4B | $-3.2B | ||
| Q3 24 | $1.3B | $911.0M | ||
| Q2 24 | $1.3B | $3.2B | ||
| Q1 24 | $1.2B | $2.7B |
净利润COHRFWONA
| Q4 25 | $146.7M | $333.0M | ||
| Q3 25 | $226.3M | $13.0M | ||
| Q2 25 | $-95.6M | $204.0M | ||
| Q1 25 | $15.7M | $5.0M | ||
| Q4 24 | $103.4M | $-355.0M | ||
| Q3 24 | $25.9M | $-2.4B | ||
| Q2 24 | $-48.4M | $457.0M | ||
| Q1 24 | $-13.2M | $203.0M |
毛利率COHRFWONA
| Q4 25 | 36.9% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 35.7% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 34.1% | — | ||
| Q2 24 | 32.9% | — | ||
| Q1 24 | 30.3% | — |
营业利润率COHRFWONA
| Q4 25 | 10.0% | 14.0% | ||
| Q3 25 | 13.7% | 13.7% | ||
| Q2 25 | -4.1% | 20.4% | ||
| Q1 25 | 0.7% | -15.9% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 1.4% | 11.7% | ||
| Q2 24 | 4.8% | 16.7% | ||
| Q1 24 | 1.8% | 18.3% |
净利率COHRFWONA
| Q4 25 | 8.7% | 20.7% | ||
| Q3 25 | 14.3% | 1.2% | ||
| Q2 25 | -6.3% | 15.2% | ||
| Q1 25 | 1.0% | 1.1% | ||
| Q4 24 | 7.2% | 11.2% | ||
| Q3 24 | 1.9% | -259.9% | ||
| Q2 24 | -3.7% | 14.4% | ||
| Q1 24 | -1.1% | 7.4% |
每股收益（稀释后）COHRFWONA
| Q4 25 | $0.76 | — | ||
| Q3 25 | $1.19 | — | ||
| Q2 25 | $-0.81 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $0.44 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.52 | — | ||
| Q1 24 | $-0.29 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $863.7M | $1.1B |
| 总债务越低越好 | $3.4B | $5.1B |
| 股东权益账面价值 | $8.5B | $7.8B |
| 总资产 | $15.1B | $15.4B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资COHRFWONA
| Q4 25 | $863.7M | $1.1B | ||
| Q3 25 | $852.8M | $1.6B | ||
| Q2 25 | $909.2M | $3.4B | ||
| Q1 25 | $890.3M | $3.1B | ||
| Q4 24 | $917.8M | $3.0B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $926.0M | $2.1B | ||
| Q1 24 | $898.6M | $1.7B |
总债务COHRFWONA
| Q4 25 | $3.4B | $5.1B | ||
| Q3 25 | $3.3B | $7.0B | ||
| Q2 25 | $3.7B | $4.8B | ||
| Q1 25 | $3.7B | $4.6B | ||
| Q4 24 | $3.9B | $4.5B | ||
| Q3 24 | $4.0B | $4.4B | ||
| Q2 24 | $4.1B | $15.0B | ||
| Q1 24 | $4.2B | $15.4B |
股东权益COHRFWONA
| Q4 25 | $8.5B | $7.8B | ||
| Q3 25 | $5.8B | $7.4B | ||
| Q2 25 | $5.6B | $7.3B | ||
| Q1 25 | $5.4B | $7.0B | ||
| Q4 24 | $5.2B | $7.0B | ||
| Q3 24 | $5.5B | $7.4B | ||
| Q2 24 | $5.2B | $17.1B | ||
| Q1 24 | $5.3B | $16.6B |
总资产COHRFWONA
| Q4 25 | $15.1B | $15.4B | ||
| Q3 25 | $14.7B | $17.8B | ||
| Q2 25 | $14.9B | $13.8B | ||
| Q1 25 | $14.4B | $13.3B | ||
| Q4 24 | $14.2B | $12.9B | ||
| Q3 24 | $14.7B | $13.2B | ||
| Q2 24 | $14.5B | $42.6B | ||
| Q1 24 | $14.5B | $42.4B |
负债/权益比COHRFWONA
| Q4 25 | 0.39× | 0.66× | ||
| Q3 25 | 0.57× | 0.95× | ||
| Q2 25 | 0.65× | 0.65× | ||
| Q1 25 | 0.70× | 0.65× | ||
| Q4 24 | 0.75× | 0.65× | ||
| Q3 24 | 0.73× | 0.59× | ||
| Q2 24 | 0.79× | 0.88× | ||
| Q1 24 | 0.78× | 0.93× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $57.9M | $123.0M |
| 自由现金流经营现金流 - 资本支出 | $-95.7M | $62.0M |
| 自由现金流率自由现金流/营收 | -5.7% | 3.9% |
| 资本支出强度资本支出/营收 | 9.1% | 3.8% |
| 现金转化率经营现金流/净利润 | 0.39× | 0.37× |
| 过去12个月自由现金流最近4个季度 | $-103.6M | $789.0M |
8季度趋势，按日历期对齐
经营现金流COHRFWONA
| Q4 25 | $57.9M | $123.0M | ||
| Q3 25 | $46.0M | $173.0M | ||
| Q2 25 | $130.3M | $231.0M | ||
| Q1 25 | $163.0M | $381.0M | ||
| Q4 24 | $187.4M | $-23.0M | ||
| Q3 24 | $153.0M | $182.0M | ||
| Q2 24 | $162.3M | $752.0M | ||
| Q1 24 | $117.4M | $395.0M |
自由现金流COHRFWONA
| Q4 25 | $-95.7M | $62.0M | ||
| Q3 25 | $-58.0M | $170.0M | ||
| Q2 25 | $-1.1M | $209.0M | ||
| Q1 25 | $51.1M | $348.0M | ||
| Q4 24 | $81.7M | $-46.0M | ||
| Q3 24 | $61.0M | $-153.0M | ||
| Q2 24 | $62.4M | $566.0M | ||
| Q1 24 | $24.2M | $194.0M |
自由现金流率COHRFWONA
| Q4 25 | -5.7% | 3.9% | ||
| Q3 25 | -3.7% | 15.7% | ||
| Q2 25 | -0.1% | 15.6% | ||
| Q1 25 | 3.4% | 77.9% | ||
| Q4 24 | 5.7% | 1.4% | ||
| Q3 24 | 4.5% | -16.8% | ||
| Q2 24 | 4.7% | 17.9% | ||
| Q1 24 | 2.0% | 7.1% |
资本支出强度COHRFWONA
| Q4 25 | 9.1% | 3.8% | ||
| Q3 25 | 6.6% | 0.3% | ||
| Q2 25 | 8.6% | 1.6% | ||
| Q1 25 | 7.5% | 7.4% | ||
| Q4 24 | 7.4% | -0.7% | ||
| Q3 24 | 6.8% | 36.8% | ||
| Q2 24 | 7.6% | 5.9% | ||
| Q1 24 | 7.7% | 7.3% |
现金转化率COHRFWONA
| Q4 25 | 0.39× | 0.37× | ||
| Q3 25 | 0.20× | 13.31× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | 10.37× | 76.20× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 5.91× | — | ||
| Q2 24 | — | 1.65× | ||
| Q1 24 | — | 1.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
