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Camtek vs Coherent: revenue, profit, margins and growth compared

Camtek brought in $496.1M of revenue in fiscal 2025, Coherent $7.1B in fiscal 2026. Revenue changed by +15.6% at Camtek and +22.5% at Coherent on the year before, so Coherent grew faster. Camtek kept 10.2% of its revenue as net profit, Coherent 11.3%. Free cash flow was $127.5M at Camtek and -$1B at Coherent.

Side by side, latest fiscal year

CAMTCOHR
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$496.1M$7.1B
Revenue growth+15.6%+22.5%
Net income$50.7M$805M
Net margin10.2%11.3%
Free cash flow$127.5M-$1B
Free cash flow margin25.7%-14.4%
Earnings per share (diluted)$1.04$4.12
Cash$177.8M$1.2B
Debtn/a$3.2B
Price to earningsn/a71.8
Market value$6.8B$57.9B
Dividend yieldn/an/a
Rank by revenue in sector#305 of 530 · Technology#67 of 530 · Technology

Over the years

Revenue
CAMT FY2018: $123.2MCAMT FY2019: $134MCAMT FY2020: $155.9MCAMT FY2021: $269.7MCAMT FY2022: $320.9MCAMT FY2023: $315.4MCAMT FY2024: $429.2MCAMT FY2025: $496.1MCOHR FY2019: $1.4BCOHR FY2020: $2.4BCOHR FY2020: $3.1BCOHR FY2022: $3.3BCOHR FY2023: $5.2BCOHR FY2024: $4.7BCOHR FY2025: $5.8BCOHR FY2026: $7.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAMT $496.1MCOHR $7.1B
Net income
CAMT FY2018: $18.7MCAMT FY2019: $22MCAMT FY2020: $21.8MCAMT FY2021: $60.3MCAMT FY2022: $79.9MCAMT FY2023: $78.6MCAMT FY2024: $118.5MCAMT FY2025: $50.7MCOHR FY2019: $107.5MCOHR FY2020: -$67MCOHR FY2020: $297.6MCOHR FY2022: $234.8MCOHR FY2023: -$259.5MCOHR FY2024: -$156.2MCOHR FY2025: $49.4MCOHR FY2026: $805MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAMT $50.7MCOHR $805M
Net margin
CAMT FY2018: 15.2%CAMT FY2019: 16.4%CAMT FY2020: 14.0%CAMT FY2021: 22.4%CAMT FY2022: 24.9%CAMT FY2023: 24.9%CAMT FY2024: 27.6%CAMT FY2025: 10.2%COHR FY2019: 7.9%COHR FY2020: -2.8%COHR FY2020: 9.6%COHR FY2022: 7.1%COHR FY2023: -5.0%COHR FY2024: -3.3%COHR FY2025: 0.8%COHR FY2026: 11.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CAMT 10.2%COHR 11.3%
Revenue growth
CAMT FY2019: +8.8%CAMT FY2020: +16.3%CAMT FY2021: +73.0%CAMT FY2022: +19.0%CAMT FY2023: -1.7%CAMT FY2024: +36.1%CAMT FY2025: +15.6%COHR FY2020: +74.7%COHR FY2020: +30.5%COHR FY2022: +6.8%COHR FY2023: +55.6%COHR FY2024: -8.8%COHR FY2025: +23.4%COHR FY2026: +22.5%FY19FY20FY21FY22FY23FY24FY25FY26
CAMT +15.6%COHR +22.5%
Free cash flow
CAMT FY2018: $14.5MCAMT FY2019: $23.4MCAMT FY2020: $23.3MCAMT FY2021: $56.9MCAMT FY2022: $49.6MCAMT FY2023: $71.2MCAMT FY2024: $112.1MCAMT FY2025: $127.5MCOHR FY2019: $41.4MCOHR FY2020: $160.4MCOHR FY2020: $428MCOHR FY2022: $99MCOHR FY2023: $198MCOHR FY2024: $198.9MCOHR FY2025: $192.8MCOHR FY2026: -$1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAMT $127.5MCOHR -$1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Camtek and Coherent

Which is bigger by revenue, Camtek or Coherent?

Coherent is bigger by revenue: $7.1B in fiscal 2026, against $496.1M for Camtek in fiscal 2025.

Which keeps more of its revenue as profit, Camtek or Coherent?

Camtek had a net margin of 10.2% in fiscal 2025; Coherent had 11.3% in fiscal 2026.

Which grew revenue faster, Camtek or Coherent?

In their latest fiscal years revenue changed by +15.6% at Camtek and +22.5% at Coherent.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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