Coherent, Inc. (COHR) vs Garmin Ltd. (GRMN)

GRMN leads on 12 of 15 compared metrics.

A side-by-side comparison of Coherent, Inc. and Garmin Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 7, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — COHR vs GRMN

growth of $100 · last 26y
COHR +7855.0%GRMN +2352.2%COHR compounded faster
02k4k6k8k10kStart $10020052010201520202025$7,955$2,452
COHR GRMN

COHR vs GRMN: by the numbers

  • COHR is the larger company ($49.45B vs $47.51B market cap).
  • GRMN trades at the lower earnings multiple (27.34 vs 160.62 P/E).
  • GRMN converts more revenue to profit (23.26% vs 7.10% net margin).
  • COHR grew revenue faster over the past five years (16.75% vs 11.13% CAGR).
  • GRMN pays a dividend (1.71% yield) while COHR does not currently pay one.

Which is better, COHR or GRMN?

Metric tally: COHR 3 · GRMN 12

It depends on what you're optimizing for:

ValueGRMN(lower P/E)
GrowthCOHR(faster 5Y revenue CAGR)
QualityGRMN(higher ROIC)

Metrics side by side

Valuation

MetricCOHRGRMN
P/E ratio160.6227.34
Forward P/E61.5525.43
P/S ratio7.916.36
P/B ratio4.895.12
PEG ratio247.111.34
EV / EBITDA48.8220.93
FCF yield3.06%

Profitability

MetricCOHRGRMN
Gross margin36.99%59.14%
Operating margin10.28%26.46%
Net margin7.10%23.26%
ROE4.39%18.73%
ROIC1.31%16.71%

Dividends

MetricCOHRGRMN
Dividend yield1.71%
Payout ratio48.55%

Growth (annualized)

MetricCOHRGRMN
Revenue CAGR (5Y)16.75%11.13%
EPS CAGR (5Y)0.65%9.55%
FCF CAGR (5Y)-24.88%5.80%
Total return CAGR (5Y)35.05%13.24%

Frequently asked

Which is better, COHR or GRMN?
It depends on your goal. value: GRMN (lower P/E); growth: COHR (faster 5Y revenue CAGR); quality: GRMN (higher ROIC). Across all compared metrics, GRMN leads 12 to 3.
Is COHR or GRMN cheaper?
On trailing earnings, GRMN is cheaper: COHR trades at a 160.62 P/E and GRMN at 27.34.
Which has grown faster, COHR or GRMN?
Over the past five years, COHR grew revenue faster — COHR at a 16.75% CAGR versus GRMN at 11.13%.
Does COHR or GRMN pay a bigger dividend?
GRMN pays a dividend (1.71% yield) while COHR does not currently pay one.
Is COHR or GRMN more profitable?
GRMN runs the higher net margin — COHR at 7.10% versus GRMN at 23.26%.
Which has been the better investment, COHR or GRMN?
Over the past 10-year, COHR delivered the higher annualized total return — COHR at 33.18% versus GRMN at 22.43%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 7, 2026.