Cooper Companies develops and manufactures medical devices through two businesses. CooperVision makes soft contact lenses, which it supplies to eye care professionals and retailers around the world, while CooperSurgical focuses on products for women's health, fertility and newborn care used by hospitals, clinics and fertility specialists.
Revenue comes from the recurring supply of contact lenses and from surgical, diagnostic and fertility products. In the last twelve months it was $4.2 billion, growing at 7.3% a year across the last three years. The operating margin is 12.8%, and the business earns a profit of 4% on the capital invested in it. It has net debt of 3.2 times EBITDA. The company does not pay a dividend. On the site's X-Ray Score it receives 46 out of 100.
52-wk range $51.01 – $89.83Volume 1,816,642Daily, split-adjusted
Vitals
Market cap$11.8B
52-week range$51.01 – $89.83
Volume (last day)1,816,642
P/E (TTM)21.1
EBIT / EV yield3.7%
Free-cash-flow yield5.7%
Dividend yieldNo dividend
Revenue (TTM)$4.2B
Net income (TTM)$570M
Operating margin12.8%
Return on capital4.3%
Debt incl. leases$3.2B
Cash & securities$155M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$66middle half of models $68 – $74
Fair+8.5% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $61
Undervalued < $57Fair $57 – $80Overvalued > $80
P/E multiple
$74
P/B multiple
$95
P/S multiple
$85
EV/EBITDA multiple
$68
EV/EBIT multiple
$73
EV/revenue multiple
$78
10-year DCF, EBITDA exit
$68
5-year DCF, EBITDA exit
$70
10-year DCF, revenue exit
$70
5-year DCF, revenue exit
$73
10-year DCF, growth exit
$34
5-year DCF, growth exit
$30
Earnings power value
$45
Growth the price implies
20.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 4.96%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Health Care peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
ValuationFair
58/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield3.7%
Free-cash-flow yield5.7%
Fair value vs price1.1×
GrowthWeak
46/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)7.3%
EPS growth (3y)-1.2%
Growth consistency100%
ProfitabilityWeak
37/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.3%
Operating margin12.8%
Gross profitability22.0%
Financial healthWeak
42/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA3.2×
Interest cover6.1×
DividendsNone
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+6.3%Apr '25
+5.7%Jul '25
+4.6%Oct '25
+6.2%Jan '26
+7.9%Apr '26
+0.6%Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.1B, diluted EPS $2.24.
Other Health Care Supplies companies by X-Ray Score.
SWOT analysis: Cooper Companies, Inc.
Strengthsinside the company
Free cash flow equals 5.7% of the market value, which funds dividends, buybacks or debt paydown.
Weaknessesinside the company
Return on invested capital is only 4.3% (median 12.5% for sector peers), so the business earns little above its cost of capital.
Opportunitiesvaluation and setting
Trades at 20.8x earnings, 27% below the 28.5x median of sector peers.
Threatsvaluation and setting
Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare COO with peers and sector
Medians of 59 Health Care peers and of 59 Health Care stocks in our universe.
Largest peers (X-Ray Score): LLY61, JNJ49, ABBV41, UNH58, MRK33, TMO34.
Metric
COO
Peers
Sector
X-Ray Score (out of 100)
46
49
49
Valuation
58
53
53
Growth
46
48
48
Profitability
37
51
51
Financial health
42
48
48
Dividends
–
51
51
Sector leaders: highest X-Ray Score in Health Care
COO ranks #38 of 60 in Health Care by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for COO
Each factor is rated by where COO stands among the 60 Health Care stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 14 Average · 6 Bad of 23Growth: 0 · 2 · 1Profitability: 0 · 3 · 2Financial strength: 0 · 2 · 2Valuation: 2 · 3 · 0Cash flow: 1 · 3 · 0Efficiency: 0 · 1 · 1
Factor
COO
Rating
Sector median
Own 5-year median
Against own history
Growth
Revenue growth, 3 years a year
+7.3%
Averagebeats 57%
+5.5%
–
–
Revenue growth, last year
+5.1%
Averagebeats 34%
+7.1%
+8.6%
▼ Worse
EPS growth, 3 years a year
−1.2%
Badbeats 29%
+5.0%
–
–
Profitability
Gross margin
65.9%
Averagebeats 55%
65.0%
65.6%
≈ In line
Operating margin
12.8%
Averagebeats 39%
16.4%
16.7%
▼ Worse
Net margin
13.5%
Averagebeats 54%
11.1%
10.1%
▲ Better
Return on invested capital
4.3%
Badbeats 14%
12.2%
–
–
Return on equity
6.8%
Badbeats 24%
13.7%
4.9%
≈ In line
Financial strength
Net debt / EBITDA
3.2x
Badbeats 26%
2.0x
2.3x
▼ Worse
Interest cover
6.1x
Averagebeats 35%
9.4x
6.8x
≈ In line
Current ratio
1.22
Badbeats 28%
1.52
1.89
▼ Worse
Piotroski F-score
6 / 9
Averagebeats 43%
6 / 9
–
–
Valuation
P/E ratio
20.8x
Goodbeats 76%
28.2x
45.0x
▲ Better
Price / book
1.4x
Goodbeats 99%
3.6x
2.0x
▲ Better
Price / sales
2.8x
Averagebeats 59%
3.7x
4.2x
▲ Better
EV / EBITDA
16.0x
Averagebeats 59%
17.5x
19.7x
▲ Better
Free cash flow yield
5.7%
Averagebeats 64%
4.5%
2.2%
▲ Better
Cash flow
Free cash flow margin
16.0%
Averagebeats 46%
16.3%
10.6%
▲ Better
Cash from operations / net income
1.81
Goodbeats 70%
1.61
1.81
≈ In line
Free cash flow growth, 3 years a year
−1.3%
Averagebeats 38%
+4.3%
–
–
Accruals (lower is better)
−3.7%
Averagebeats 46%
−3.9%
–
–
Efficiency
Inventory turnover
1.6x
Badbeats 15%
2.9x
1.7x
≈ In line
Days sales outstanding
68 days
Averagebeats 34%
62 days
64 days
≈ In line
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 2 Good · ● 9 Average · ● 5 Bad
Cash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 42/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$2.9B
$3.3B
$3.6B
$3.9B
$4.1B
Operating income
$506M
$508M
$533M
$706M
$683M
Net income
$2.9B
$386M
$294M
$392M
$375M
Operating cash flow
$739M
$692M
$608M
$709M
$796M
Operating margin
17.3%
15.3%
14.8%
18.1%
16.7%
Free cash flow
$524M
$450M
$215M
$288M
$434M
Diluted EPS
$59.16
$1.94
$1.48
$1.96
$1.87
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
6 bullish · 1 neutral · 9 bearish
Weekly
Strongly bearish
2 bullish · 1 neutral · 9 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
SMA 10
57.95
Bullish
EMA 10
58.68
Bullish
SMA 20
57.01
Bullish
EMA 20
58.09
Bullish
SMA 50
61.92
Bearish
EMA 50
60.78
Bullish
SMA 100
66.24
Bearish
EMA 100
64.10
Bearish
SMA 200
69.46
Bearish
EMA 200
67.80
Bearish
Oscillators (daily)
RSI (14)
61.11
Neutral
MACD (12, 26)
-0.05
Bearish
Momentum (12)
11.80
Bullish
Stochastic %K (14)
93.46
Bearish
Williams %R (14)
-6.54
Bearish
CCI (20)
192.1
Bearish
Pivot points (classic, last session)
S3
59.26
S2
59.86
S1
60.54
Pivot
61.14
R1
61.81
R2
62.41
R3
63.08
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.00 USD
Yield on today's price
–
Frequency
None in the last year
Next ex-dividend date
Not announced
Ex-dividend date
Amount per share
0.0300
0.0300
0.0300
0.0300
0.0300
0.0300
0.0300
0.0300
0.0300
0.0300
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
The eight funds with the largest weight in COO among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
COO stock splits
COO has split its stock 3 times since 1995. The latest was a 4-for-1 split on 20 Feb 2024.