Coherent Corp. COHR

Competitive advantage analysis · technology

Corporate Default
Overall moat score
46/100
Developing

Ranked against 33 peers in Scientific & Technical Instruments

About Coherent Corp.

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, … Full COHR analysis →

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 0.60), with margins expanding over time.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.26), raising refinancing risk.
  • Liquidity Concerns Liquidity is concerning (score 0.26), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
50
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where COHR ranks in Scientific & Technical Instruments

Coherent Corp. ranks #21 of 34 scored companies in Scientific & Technical Instruments by moat score — the top 62%. The widest moat in the group is Garmin Ltd. (GRMN) at 85/100.

# Company Moat score Rating
17 Mesa Laboratories, Inc. MLAB 51/100 Moderate
18 LGL Group, Inc. (The) LGL 49/100 Developing
19 Vishay Precision Group, Inc. VPG 48/100 Developing
20 Sensata Technologies Holding pl ST 47/100 Developing
21 Coherent Corp. COHR 46/100 Developing
22 BlackSky Technology Inc. BKSY 33/100 Developing
23 Wrap Technologies, Inc. WRAP 25/100 Developing
24 Genasys Inc. GNSS 23/100 Weak
25 Energous Corporation WATT 22/100 Weak

See every General Corporate company ranked by moat score →

How COHR scores on the Corporate Default defenses

Pricing Power

Score 50 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 74 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 44 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 33 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 31 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 48 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding COHR's moat

What is Coherent Corp.'s moat score?

Coherent Corp. (COHR) scores 46 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #21 of 34 scored companies in Scientific & Technical Instruments, the top 62%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Scientific & Technical Instruments. Its strongest defense is Cost Advantage (74/100) and its weakest is Resilience (31/100).

How does Coherent Corp. compare with other Scientific & Technical Instruments companies?

Coherent Corp. ranks #21 of 34 scored companies in Scientific & Technical Instruments by moat score. The widest moat in Scientific & Technical Instruments is Garmin Ltd. (GRMN) at 84/100. The companies ranked closest are Sensata Technologies Holding pl (ST) at 47 just above it and BlackSky Technology Inc. (BKSY) at 33 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Scientific & Technical Instruments. The defenses are then weighted to produce the overall score out of 100.

Why is Coherent Corp. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Coherent Corp.?

The Corporate Default template measures 6 defenses, and COHR scores: Pricing Power (50), Cost Advantage (74), Customer Stickiness (44), Capital Efficiency (33), Resilience (31), Scale & Market Position (48). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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