Coherent (COHR) vs Garmin (GRMN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Coherent (COHR) has outperformed Garmin (GRMN) over the past year, gaining 159.1% versus a gain of 3.3%. Over five years, COHR leads with a +425.3% price change compared with +71.9% for GRMN. Coherent is the larger company by market cap ($59.67 billion vs $51.96 billion), about 1.1 times the size.
On valuation, Coherent trades at a lower forward P/E (21.7x vs 24.2x for Garmin). Garmin pays a dividend yielding 1.56%, while Coherent does not currently pay one. Garmin converts more of its revenue into profit, with a net margin of 23.0% versus 11.3%.
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 | GRMN |
|---|---|---|
| Share price | $304.72 | $269.44 |
| Market cap | $59.67B | $51.96B |
| 1-day change | +0.78% | +0.37% |
| YTD return | +63.81% | +32.33% |
| 1-year return | +159.15% | +3.34% |
| 5-year return | +425.28% | +71.93% |
| P/E ratio (TTM) | 73.96 | 27.81 |
| Forward P/E | 21.69 | 24.20 |
| EPS (TTM) | $4.12 | $9.69 |
| Dividend yield | 0.00% | 1.56% |
| Annual dividend | $0.00 | $4.20 |
| Revenue (latest FY) | $7.12B | $7.25B |
| Revenue growth (YoY) | +22.51% | +15.06% |
| Net income (latest FY) | $805.00M | $1.66B |
| Gross margin | 37.50% | 58.74% |
| Operating margin | — | 25.89% |
| Net margin | 11.31% | 22.96% |
| 52-week high | $440.00 | $314.28 |
| 52-week low | $108.19 | $186.67 |
| Distance from 52-week high | -30.75% | -14.27% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +35.38% | +12.08% |
| Average volume | 6.44M | 909.97K |
| Shares outstanding | 195.83M | 192.85M |
| Employees | 51,478 | 23,000 |
| Sector | Technology | Industrials |
| Industry | Electronic Components | Industrial Machinery/Components |
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 GRMN by 155.8 percentage points over the past year.
- Coherent trades at a higher earnings multiple (74.0x vs 27.8x trailing P/E).
- Garmin offers a meaningfully higher dividend yield (1.56% vs 0.00%).
- Garmin is more profitable, keeping 23.0 cents of every revenue dollar as net income versus 11.3 cents for Coherent.
- Coherent grew revenue faster in its latest fiscal year (+22.51% vs +15.06%).
- The two companies sit in different sectors: Coherent in Technology and Garmin in Industrials.
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 Garmin
GRMN stock →Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.
Industrials · Industrial Machinery/Components · 23,000 employees
COHR vs GRMN FAQ
Which is bigger, Coherent or Garmin?
Coherent (COHR) is larger, with a market capitalization of $59.67B compared with $51.96B for Garmin (GRMN).
Which stock has performed better over the past year, COHR or GRMN?
COHR returned +159.15% over the past 12 months, compared with +3.34% for GRMN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, COHR or GRMN?
GRMN has the lower trailing P/E at 27.8, versus 74.0 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.
Which pays a higher dividend, Coherent or Garmin?
Garmin pays a dividend yielding 1.56%, while Coherent does not currently pay a regular dividend.
Are Coherent and Garmin in the same industry?
No. Coherent is in the Technology sector, while Garmin is in Industrials.