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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 double-digit earnings growth for the past two years and a target for a third year in a row.
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 $150 million delivered in Q4.
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 long-term shareholder value, including a board leadership transition.
Financial highlights
Q4 consolidated revenues reached a record $1.065 billion, up 4.6%–5% year-over-year, or 3%–3.4% organically.
Operating income increased 9% to a 27% margin; non-GAAP EPS grew 11% to $1.15.
Gross margin declined slightly to 66.2% (non-GAAP) due to tariffs, product mix, and reorganization costs.
Free cash flow was $150 million in Q4; net debt at $2.4 billion, with leverage ratio improved to 1.76x.
Q4 2025 GAAP diluted EPS was $0.43, down 27% year-over-year; non-GAAP diluted EPS was $1.15, up 11%.
Outlook and guidance
Fiscal 2026 consolidated revenue guidance: $4,299–$4,338 million (4.5%–5.5% organic growth).
CooperVision: $2,900–$2,925 million (4.5%–5.5% organic growth); CooperSurgical: $1,399–$1,413 million (4%–5% organic growth).
Q1 2026 total revenue guidance is $1,019–$1,030 million, with 3%–4% organic growth.
Non-GAAP EPS guidance: $4.45–$4.60; free cash flow expected at $575–$625 million for 2026.
CapEx to decline as investment cycle winds down; over $2.2 billion free cash flow expected from 2026–2028.
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