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The Cooper Companies (COO) investor relations material
The Cooper Companies Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved eighth consecutive quarter of beating consensus earnings expectations, with Q4 non-GAAP EPS up 11% to $1.15 and free cash flow of $150 million, exceeding expectations.
Fiscal Q4 2025 revenue reached $1,065.2M, up 5% year-over-year, with organic growth of 3%. Fiscal 2025 revenue totaled $4.1B, up 5% year-over-year, or 4% organically.
Raised fiscal 2026–2028 free cash flow target to over $2.2 billion, with free cash flow now a bonus metric for management.
Repurchased nearly $200 million of stock in Q4, totaling almost $300 million for the year, and increased share repurchase authorization to $2 billion.
Initiated a formal strategic review to explore opportunities for unlocking shareholder value, including a board leadership transition.
Financial highlights
Q4 consolidated revenues reached a record $1.065 billion, up 4.6% year-over-year, or 3.4% organically.
Q4 2025 gross margin was 61% (down from 67% last year), impacted by reorganization costs; non-GAAP gross margin was 66% (down 70 bps).
Q4 2025 operating margin was 13% (down from 19%); non-GAAP operating margin rose to 27% (up 110 bps).
Q4 2025 free cash flow was $149.8M; fiscal 2025 free cash flow was $433.7M.
Net debt reduced to $2.4 billion, with a leverage ratio of 1.76x.
Outlook and guidance
Fiscal 2026 consolidated revenue guidance: $4.299–$4.338 billion, 4.5%–5.5% organic growth.
Non-GAAP EPS guidance for fiscal 2026: $4.45–$4.60.
Free cash flow expected to improve to $575–$625 million in 2026, with CapEx declining as investment cycle winds down.
Q1 2026 revenue guidance: $1.019–$1.03 billion, 3%–4% organic growth.
Long-term free cash flow target of $2.2B from 2026–2028.
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