COHUNasdaqInstruments For Meas & Testing of Electricity & Elec SignalsFiscal year ends December 26
COHU INC
Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Jul 31, 2026
$53.87+3.06 (+6.02%)
Close on Oct 19, 2026
- Market cap
- $2.55B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
42.7%+0.0 pts over 5 years
Operating margin
-15.4%−15.9 pts over 5 years
Net margin
-16.4%−14.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.7% | -17.7% | -6.6% | +5.3% | |
| Gross profit | +7.4% | -20.4% | -6.6% | +8.1% | |
| Free cash flow | – | -52.2% | -19.2% | -3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 1.3% | -2.8% | -9.0% | |
| Return on assets | 0.9% | -1.3% | -6.6% | |
| Current ratio | 3.57 | 2.78 | 6.88 | |
| Debt to equity | – | 0.62 | 0.38 | |
| Net debt to EBITDA | – | 3.05× | -3.62× | |
| Interest coverage | – | 0.2× | -34.0× | |
| Inventory turnover | 3.9× | 2.7× | 1.9× | |
| Capex to revenue | 1.2% | 2.9% | 4.6% | |
| Diluted shares | 27M | 42M | 47M |
Where the cash went
Fiscal 2021 to 2025, five years combined
COHU generated $346.72M from operations and spent $191.67M on capital expenditure, dividends and share buybacks. 39% of that went back into the business.
Generated
$346.72M
Used
$191.67M
Capital expenditure$74.42M39%Dividends$00%Share buybacks$117.26M61%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-16.4%
×Asset turnover0.40×
×Equity multiplier1.37×
=Return on equity, FY2025-9.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -16.4% | 0.40× | 1.37× | -9.0% |
| FY2024 | -17.4% | 0.37× | 1.19× | -7.7% |
| FY2023 | 4.4% | 0.54× | 1.27× | 3.0% |
| FY2022 | 11.9% | 0.65× | 1.37× | 10.7% |
| FY2021 | 18.9% | 0.76× | 1.68× | 24.0% |
| FY2020 | -2.2% | 0.59× | 2.18× | -2.8% |
| FY2019 | -11.9% | 0.53× | 2.15× | -13.5% |
| FY2018 | -7.1% | 0.58× | 1.86× | -7.7% |
| FY2017 | 9.3% | 0.92× | 1.46× | 12.5% |
| FY2016 | 1.1% | 0.82× | 1.46× | 1.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$74.27M
- Cash generatingOperating cash flow above zero$31.69M
- Return on assets improvedROA up on the prior year-6.1% → -7.4%
- Earnings backed by cashOperating cash flow above net income$31.69M vs -$74.27M
- Less leverageLong-term debt to assets fell0.7% → 22.9%
- Better liquidityCurrent ratio rose6.27 → 6.88
- No dilutionShare count did not rise47M → 47M
- Gross margin improvedGross margin up on the prior year44.87% → 42.75%
- More efficientAsset turnover rose0.35 → 0.45