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Coherent vs MultiSensor AI: revenue, profit, margins and growth compared

Coherent brought in $7.1B of revenue in fiscal 2026, MultiSensor AI $5.6M in fiscal 2025. Revenue changed by +22.5% at Coherent and -25.0% at MultiSensor AI on the year before, so Coherent grew faster. Coherent kept 11.3% of its revenue as net profit, MultiSensor AI -211.0%. Free cash flow was -$1B at Coherent and -$9.7M at MultiSensor AI.

Side by side, latest fiscal year

COHRMSAI
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$7.1B$5.6M
Revenue growth+22.5%-25.0%
Net income$805M-$11.7M
Net margin11.3%-211.0%
Free cash flow-$1B-$9.7M
Free cash flow margin-14.4%-173.9%
Earnings per share (diluted)$4.12-$0.31
Cash$1.2B$24.4M
Debt$3.2Bn/a
Price to earnings71.8n/a
Market value$57.9B$10.6M
Dividend yieldn/an/a
Rank by revenue in sector#68 of 638 · Technology#568 of 638 · Technology

Over the years

Revenue
COHR FY2019: $1.4BCOHR FY2020: $2.4BCOHR FY2020: $3.1BCOHR FY2022: $3.3BCOHR FY2023: $5.2BCOHR FY2024: $4.7BCOHR FY2025: $5.8BCOHR FY2026: $7.1BMSAI FY2022: $7.3MMSAI FY2023: $5.4MMSAI FY2024: $7.4MMSAI FY2025: $5.6MFY19FY20FY22FY23FY24FY25FY26
COHR $7.1BMSAI $5.6M
Net income
COHR FY2019: $107.5MCOHR FY2020: -$67MCOHR FY2020: $297.6MCOHR FY2022: $234.8MCOHR FY2023: -$259.5MCOHR FY2024: -$156.2MCOHR FY2025: $49.4MCOHR FY2026: $805MMSAI FY2022: -$13.3MMSAI FY2023: -$22.3MMSAI FY2024: -$21.5MMSAI FY2025: -$11.7MFY19FY20FY22FY23FY24FY25FY26
COHR $805MMSAI -$11.7M
Net margin
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%MSAI FY2022: -182.9%MSAI FY2023: -410.1%MSAI FY2024: -290.4%MSAI FY2025: -211.0%FY19FY20FY22FY23FY24FY25FY26
COHR 11.3%MSAI -211.0%
Revenue growth
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%MSAI FY2023: -25.3%MSAI FY2024: +36.3%MSAI FY2025: -25.0%FY20FY22FY23FY24FY25FY26
COHR +22.5%MSAI -25.0%
Free cash flow
COHR FY2019: $41.4MCOHR FY2020: $160.4MCOHR FY2020: $428MCOHR FY2022: $99MCOHR FY2023: $198MCOHR FY2024: $198.9MCOHR FY2025: $192.8MCOHR FY2026: -$1BMSAI FY2022: -$4.8MMSAI FY2023: -$6.1MMSAI FY2024: -$18.2MMSAI FY2025: -$9.7MFY19FY20FY22FY23FY24FY25FY26
COHR -$1BMSAI -$9.7M

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

Questions about Coherent and MultiSensor AI

Which is bigger by revenue, Coherent or MultiSensor AI?

Coherent is bigger by revenue: $7.1B in fiscal 2026, against $5.6M for MultiSensor AI in fiscal 2025.

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

Coherent had a net margin of 11.3% in fiscal 2026; MultiSensor AI had -211.0% in fiscal 2025.

Which grew revenue faster, Coherent or MultiSensor AI?

In their latest fiscal years revenue changed by +22.5% at Coherent and -25.0% at MultiSensor AI.

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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