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Coherent vs Optex Systems Holdings: COHR and OPXS compared
Coherent is the larger company: $2.4B of revenue in its latest quarter (Q1 FY27) against $9.7M for Optex Systems Holdings (Q3 FY26). Coherent is growing faster (+50% against -12% a year earlier). Coherent is more profitable, with an operating margin of 15.1% against 14.3%.
Where the money goes: COHR and OPXS
Coherent (COHR) · Q1 FY27
Coherent, Q1 FY27: revenue $2.4B (+50% year over year), operating margin 15.1%, net earnings $385M, operating cash flow −$92.7M. The chart follows the revenue to costs, profit and cash.
Optex Systems Holdings (OPXS) · Q3 FY26
Optex Systems Holdings, Q3 FY26: revenue $9.7M (-12% year over year), operating margin 14.3%, net earnings $1.3M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Coherent (COHR) | Optex Systems Holdings (OPXS) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 FY26 |
| Revenue | $2.4B | $9.7M |
| Revenue growth, Y/Y | +50% | -12% |
| Gross margin | — | 34.2% |
| Operating margin | 15.1% | 14.3% |
| Net earnings | $385M | $1.3M |
| Net margin | 16.2% | 13.2% |
| Operating cash flow | −$92.7M | $2.3M |
| Free cash flow | — | $2.1M |
| Market value | $39.0B | — |
| P/E | 40.0× | — |
| Analysts’ mean target | $368.20 | — |
Where the revenue comes from
Coherent
- Datacenter & Communications: $2.0B (82%)
- Industrial: $419M (18%)
Questions
Which is bigger, Coherent or Optex Systems Holdings?
Coherent is the larger company: $2.4B of revenue in its latest quarter (Q1 FY27) against $9.7M for Optex Systems Holdings (Q3 FY26).
Is Coherent or Optex Systems Holdings growing faster?
Coherent is growing faster (+50% against -12% a year earlier).
Which is more profitable, Coherent or Optex Systems Holdings?
Coherent is more profitable, with an operating margin of 15.1% against 14.3%.
More: Coherent earnings · how Coherent makes money · Optex Systems Holdings earnings · how Optex Systems Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.