Coherent (COHR) vs Flex (FLEX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Coherent (COHR) has outperformed Flex (FLEX) over the past year, gaining 194.6% versus a gain of 108.5%. Over five years, FLEX leads with a +731.7% price change compared with +481.2% for COHR. Coherent is the larger company by market cap ($62.99 billion vs $43.02 billion), about 1.5 times the size.
On valuation, Flex trades at a lower forward P/E (16.5x vs 22.9x for Coherent). Coherent converts more of its revenue into profit, with a net margin of 11.3% versus 3.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | COHR | FLEX |
|---|---|---|
| Share price | $321.63 | $116.45 |
| Market cap | $62.99B | $43.02B |
| 1-day change | -3.86% | -2.42% |
| YTD return | +81.26% | +97.52% |
| 1-year return | +194.61% | +108.45% |
| 5-year return | +481.24% | +731.74% |
| P/E ratio (TTM) | 78.07 | 44.96 |
| Forward P/E | 22.90 | 16.50 |
| EPS (TTM) | $4.12 | $2.59 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $7.12B | $27.91B |
| Revenue growth (YoY) | +22.51% | +8.14% |
| Net income (latest FY) | $805.00M | $880.00M |
| Gross margin | 37.50% | 9.20% |
| Operating margin | — | 4.90% |
| Net margin | 11.31% | 3.15% |
| 52-week high | $440.00 | $166.86 |
| 52-week low | $108.19 | $53.07 |
| Distance from 52-week high | -26.90% | -30.21% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +28.26% | +37.83% |
| Average volume | 6.36M | 3.63M |
| Shares outstanding | 195.83M | 369.46M |
| Employees | 51,478 | 149,686 |
| Sector | Technology | Technology |
| Industry | Electronic Components | Electrical Products |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- COHR has outperformed FLEX by 86.2 percentage points over the past year.
- Coherent trades at a higher earnings multiple (78.1x vs 45.0x trailing P/E).
- Coherent is more profitable, keeping 11.3 cents of every revenue dollar as net income versus 3.2 cents for Flex.
- Coherent grew revenue faster in its latest fiscal year (+22.51% vs +8.14%).
About Coherent
COHR stock →Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide.
Technology · Electronic Components · 51,478 employees
About Flex
FLEX stock →Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe.
Technology · Electrical Products · 149,686 employees
COHR vs FLEX FAQ
Which is bigger, Coherent or Flex?
Coherent (COHR) is larger, with a market capitalization of $62.99B compared with $43.02B for Flex (FLEX).
Which stock has performed better over the past year, COHR or FLEX?
COHR returned +194.61% over the past 12 months, compared with +108.45% for FLEX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, COHR or FLEX?
FLEX has the lower trailing P/E at 45.0, versus 78.1 for COHR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Coherent and Flex in the same industry?
Both are in the Technology sector, but in different industries: Electronic Components for Coherent and Electrical Products for Flex.