COHR vs. LITE

Last updated Apr 1, 2026

Compare and contrast key facts about Coherent, Inc. (COHR) and Lumentum Holdings Inc. (LITE).

Performance

COHR vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coherent, Inc. (COHR) and Lumentum Holdings Inc. (LITE). The values are adjusted to include any dividend payments, if applicable.

COHR vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COHR Coherent, Inc.	29.06%	94.84%	117.62%	24.02%	-48.63%	-10.04%	125.60%	3.73%	-30.86%	58.35%
LITE Lumentum Holdings Inc.	90.66%	339.06%	60.15%	0.48%	-50.68%	11.57%	19.55%	88.76%	-14.09%	26.52%

Fundamentals

Market Cap COHR : $37.04B LITE : $58.40B
EPS COHR : $1.89 LITE : $3.23
PE Ratio COHR : 126.23 LITE : 217.31
PS Ratio COHR : 5.88 LITE : 25.97
PB Ratio COHR : 0.00 LITE : 68.98
Total Revenue (TTM) COHR : $6.29B LITE : $2.11B
Gross Profit (TTM) COHR : $2.29B LITE : $704.00M
EBITDA (TTM) COHR : $1.13B LITE : $171.40M

Returns By Period

In the year-to-date period, COHR achieves a 29.06% return, which is significantly lower than LITE's 90.66% return. Over the past 10 years, COHR has underperformed LITE with an annualized return of 27.24%, while LITE has yielded a comparatively higher 38.75% annualized return.

COHR

• 1D: 8.45%
• 1M: -8.00%
• YTD: 29.06%
• 6M: 121.14%
• 1Y: 266.82%
• 3Y*: 84.26%
• 5Y*: 27.25%
• 10Y*: 27.24%

LITE

• 1D: 7.33%
• 1M: 0.26%
• YTD: 90.66%
• 6M: 331.91%
• 1Y: 1,027.30%
• 3Y*: 135.20%
• 5Y*: 49.99%
• 10Y*: 38.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

COHR vs. LITE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COHR

COHR Risk / Return Rank: 96
COHR Sharpe Ratio Rank: 98
COHR Sortino Ratio Rank: 93
COHR Omega Ratio Rank: 94
COHR Calmar Ratio Rank: 98
COHR Martin Ratio Rank: 98

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 99
LITE Omega Ratio Rank: 98
LITE Calmar Ratio Rank: 100
LITE Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COHR vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) and Lumentum Holdings Inc. (LITE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	COHR	LITE	Difference
Sharpe ratio Return per unit of total volatility	3.58	12.35	-8.77
Sortino ratio Return per unit of downside risk	3.20	5.48	-2.28
Omega ratio Gain probability vs. loss probability	1.47	1.80	-0.33
Calmar ratio Return relative to maximum drawdown	9.90	35.64	-25.75
Martin ratio Return relative to average drawdown	26.26	122.01	-95.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COHR vs. LITE - Sharpe Ratio Comparison

The current COHR Sharpe Ratio is 3.58, which is lower than the LITE Sharpe Ratio of 12.35. The chart below compares the historical Sharpe Ratios of COHR and LITE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	COHR	LITE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.58	12.35	-8.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.87	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.70	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.72	-0.42

Correlation

The correlation between COHR and LITE is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

COHR vs. LITE - Dividend Comparison

Neither COHR nor LITE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

COHR vs. LITE - Drawdown Comparison

The maximum COHR drawdown since its inception was -80.89%, which is greater than LITE's maximum drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for COHR and LITE.

Drawdown Indicators

	COHR	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-80.89%	-66.89%	-14.00%
Max Drawdown (1Y) Largest decline over 1 year	-26.52%	-28.70%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-66.13%	-66.48%	+0.35%
Max Drawdown (10Y) Largest decline over 10 years	-72.22%	-66.89%	-5.33%
Current Drawdown Current decline from peak	-20.31%	-12.37%	-7.94%
Average Drawdown Average peak-to-trough decline	-35.18%	-23.45%	-11.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.99%	8.38%	+1.61%

Volatility

COHR vs. LITE - Volatility Comparison

The current volatility for Coherent, Inc. (COHR) is 27.21%, while Lumentum Holdings Inc. (LITE) has a volatility of 36.84%. This indicates that COHR experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COHR	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.21%	36.84%	-9.63%
Volatility (6M) Calculated over the trailing 6-month period	54.79%	70.39%	-15.60%
Volatility (1Y) Calculated over the trailing 1-year period	75.04%	84.05%	-9.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.94%	57.67%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.47%	55.23%	+0.24%

Financials

COHR vs. LITE - Profitability Comparison

The chart below illustrates the profitability comparison between Coherent, Inc. and Lumentum Holdings Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

COHR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Coherent, Inc. reported a gross profit of 623.00M and revenue of 1.69B. Therefore, the gross margin over that period was 37.0%.

LITE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lumentum Holdings Inc. reported a gross profit of 240.10M and revenue of 665.50M. Therefore, the gross margin over that period was 36.1%.

COHR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Coherent, Inc. reported an operating income of 199.00M and revenue of 1.69B, resulting in an operating margin of 11.8%.

LITE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lumentum Holdings Inc. reported an operating income of 64.30M and revenue of 665.50M, resulting in an operating margin of 9.7%.

COHR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Coherent, Inc. reported a net income of 147.00M and revenue of 1.69B, resulting in a net margin of 8.7%.

LITE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lumentum Holdings Inc. reported a net income of 78.20M and revenue of 665.50M, resulting in a net margin of 11.8%.