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COHERENT CORP.（COHR）与Optex Systems Holdings Inc（OPXS）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Optex Systems Holdings Inc的184.3倍（$1.7B vs $9.1M）。COHERENT CORP.净利率更高（8.7% vs 2.6%，领先6.1%）。COHERENT CORP.同比增速更快（17.5% vs 11.6%）。Optex Systems Holdings Inc自由现金流更多（$-548.0K vs $-95.7M）。过去两年COHERENT CORP.的营收复合增速更高（18.1% vs 3.6%）
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。
Optex Systems Holdings Inc.是一家专业光学光电产品制造商，主营高性能军用瞄准系统、激光防护方案、精密光学组件等产品，主要服务于国防、航空航天及工业制造领域，客户遍布全球多个国家和地区。
COHR vs OPXS — 直观对比
营收规模更大
COHR
是对方的184.3倍
$9.1M
营收增速更快
COHR
高出5.9%
11.6%
净利率更高
COHR
高出6.1%
2.6%
自由现金流更多
OPXS
多$95.2M
$-95.7M
两年增速更快
COHR
近两年复合增速
3.6%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $9.1M |
| 净利润 | $146.7M | $242.0K |
| 毛利率 | 36.9% | 22.9% |
| 营业利润率 | 10.0% | 1.6% |
| 净利率 | 8.7% | 2.6% |
| 营收同比 | 17.5% | 11.6% |
| 净利润同比 | 41.9% | -71.3% |
| 每股收益（稀释后） | $0.76 | $0.03 |
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COHROPXS
| Q4 25 | $1.7B | $9.1M | ||
| Q3 25 | $1.6B | $11.3M | ||
| Q2 25 | $1.5B | $11.1M | ||
| Q1 25 | $1.5B | $10.7M | ||
| Q4 24 | $1.4B | $8.2M | ||
| Q3 24 | $1.3B | $9.4M | ||
| Q2 24 | $1.3B | $9.1M | ||
| Q1 24 | $1.2B | $8.5M |
净利润COHROPXS
| Q4 25 | $146.7M | $242.0K | ||
| Q3 25 | $226.3M | $1.0M | ||
| Q2 25 | $-95.6M | $1.5M | ||
| Q1 25 | $15.7M | $1.8M | ||
| Q4 24 | $103.4M | $844.0K | ||
| Q3 24 | $25.9M | $1.0M | ||
| Q2 24 | $-48.4M | $1.3M | ||
| Q1 24 | $-13.2M | $1.1M |
毛利率COHROPXS
| Q4 25 | 36.9% | 22.9% | ||
| Q3 25 | 36.6% | 30.1% | ||
| Q2 25 | 35.7% | 28.5% | ||
| Q1 25 | 35.2% | 31.3% | ||
| Q4 24 | 35.5% | 26.0% | ||
| Q3 24 | 34.1% | 25.5% | ||
| Q2 24 | 32.9% | 31.8% | ||
| Q1 24 | 30.3% | 30.0% |
营业利润率COHROPXS
| Q4 25 | 10.0% | 1.6% | ||
| Q3 25 | 13.7% | 18.3% | ||
| Q2 25 | -4.1% | 17.2% | ||
| Q1 25 | 0.7% | 20.8% | ||
| Q4 24 | 9.0% | 11.2% | ||
| Q3 24 | 1.4% | 13.7% | ||
| Q2 24 | 4.8% | 17.8% | ||
| Q1 24 | 1.8% | 15.9% |
净利率COHROPXS
| Q4 25 | 8.7% | 2.6% | ||
| Q3 25 | 14.3% | 9.1% | ||
| Q2 25 | -6.3% | 13.6% | ||
| Q1 25 | 1.0% | 16.5% | ||
| Q4 24 | 7.2% | 10.3% | ||
| Q3 24 | 1.9% | 10.7% | ||
| Q2 24 | -3.7% | 13.9% | ||
| Q1 24 | -1.1% | 12.5% |
每股收益（稀释后）COHROPXS
| Q4 25 | $0.76 | $0.03 | ||
| Q3 25 | $1.19 | $0.14 | ||
| Q2 25 | $-0.81 | $0.22 | ||
| Q1 25 | $-0.11 | $0.26 | ||
| Q4 24 | $0.44 | $0.12 | ||
| Q3 24 | $-0.04 | $0.15 | ||
| Q2 24 | $-0.52 | $0.18 | ||
| Q1 24 | $-0.29 | $0.16 |
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 | $5.8M |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $8.5B | $24.7M |
| 总资产 | $15.1B | $30.2M |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资COHROPXS
| Q4 25 | $863.7M | $5.8M | ||
| Q3 25 | $852.8M | $6.4M | ||
| Q2 25 | $909.2M | $4.9M | ||
| Q1 25 | $890.3M | $3.5M | ||
| Q4 24 | $917.8M | $2.5M | ||
| Q3 24 | $1.0B | $1.0M | ||
| Q2 24 | $926.0M | $486.0K | ||
| Q1 24 | $898.6M | $321.0K |
总债务COHROPXS
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.2B | — |
股东权益COHROPXS
| Q4 25 | $8.5B | $24.7M | ||
| Q3 25 | $5.8B | $24.3M | ||
| Q2 25 | $5.6B | $23.1M | ||
| Q1 25 | $5.4B | $21.6M | ||
| Q4 24 | $5.2B | $19.7M | ||
| Q3 24 | $5.5B | $18.8M | ||
| Q2 24 | $5.2B | $17.7M | ||
| Q1 24 | $5.3B | $16.5M |
总资产COHROPXS
| Q4 25 | $15.1B | $30.2M | ||
| Q3 25 | $14.7B | $30.1M | ||
| Q2 25 | $14.9B | $29.2M | ||
| Q1 25 | $14.4B | $27.5M | ||
| Q4 24 | $14.2B | $24.8M | ||
| Q3 24 | $14.7B | $25.5M | ||
| Q2 24 | $14.5B | $24.9M | ||
| Q1 24 | $14.5B | $23.8M |
负债/权益比COHROPXS
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.78× | — |
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 | $-92.0K |
| 自由现金流经营现金流 - 资本支出 | $-95.7M | $-548.0K |
| 自由现金流率自由现金流/营收 | -5.7% | -6.0% |
| 资本支出强度资本支出/营收 | 9.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 0.39× | -0.38× |
| 过去12个月自由现金流最近4个季度 | $-103.6M | — |
8季度趋势，按日历期对齐
经营现金流COHROPXS
| Q4 25 | $57.9M | $-92.0K | ||
| Q3 25 | $46.0M | $1.6M | ||
| Q2 25 | $130.3M | $1.4M | ||
| Q1 25 | $163.0M | $1.2M | ||
| Q4 24 | $187.4M | $2.8M | ||
| Q3 24 | $153.0M | $753.0K | ||
| Q2 24 | $162.3M | $50.0K | ||
| Q1 24 | $117.4M | $-1.3M |
自由现金流COHROPXS
| Q4 25 | $-95.7M | $-548.0K | ||
| Q3 25 | $-58.0M | $1.5M | ||
| Q2 25 | $-1.1M | — | ||
| Q1 25 | $51.1M | $1.1M | ||
| Q4 24 | $81.7M | $2.5M | ||
| Q3 24 | $61.0M | $545.0K | ||
| Q2 24 | $62.4M | $-256.0K | ||
| Q1 24 | $24.2M | $-1.4M |
自由现金流率COHROPXS
| Q4 25 | -5.7% | -6.0% | ||
| Q3 25 | -3.7% | 13.5% | ||
| Q2 25 | -0.1% | — | ||
| Q1 25 | 3.4% | 9.8% | ||
| Q4 24 | 5.7% | 30.3% | ||
| Q3 24 | 4.5% | 5.8% | ||
| Q2 24 | 4.7% | -2.8% | ||
| Q1 24 | 2.0% | -16.3% |
资本支出强度COHROPXS
| Q4 25 | 9.1% | 5.0% | ||
| Q3 25 | 6.6% | 0.4% | ||
| Q2 25 | 8.6% | 0.0% | ||
| Q1 25 | 7.5% | 1.2% | ||
| Q4 24 | 7.4% | 3.9% | ||
| Q3 24 | 6.8% | 2.2% | ||
| Q2 24 | 7.6% | 3.4% | ||
| Q1 24 | 7.7% | 1.3% |
现金转化率COHROPXS
| Q4 25 | 0.39× | -0.38× | ||
| Q3 25 | 0.20× | 1.52× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | 10.37× | 0.67× | ||
| Q4 24 | 1.81× | 3.32× | ||
| Q3 24 | 5.91× | 0.74× | ||
| Q2 24 | — | 0.04× | ||
| Q1 24 | — | -1.20× |
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% |
OPXS
| Optex Systems OPX Richardson Texas | $5.3M | 58% |
| Applied Optics Center AOC Dallas | $4.0M | 44% |
