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Cooper Companies (The)COOCompetitor analysis, valuation and peers

United States · USD·Health Care›Medical Specialties

Maker of contact lenses (CooperVision) and women's health/fertility medical devices (CooperSurgical).

Momentum neutral 50
Mkt cap
$11.9B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$174M
20-day average traded
Fwd P/E
13.8×
forward earnings
ROIC−WACC
-2.4 pp
WACC 8.4%
Hurdle
-2 pp
Req g minus delivered
Next earnings
27 days
3 Dec 2026
Close · USD$62.36
1D-1.8%
1W+4.7%
1M+14.8%
3M-18.3%
6M+3.9%
YTD-23.9%
1Y-9.5%
ATR %3.0%
Beta0.49
52w lowhigh30.6% off high

What Cooper Companies (The) does

Maker of contact lenses (CooperVision) and women's health/fertility medical devices (CooperSurgical).

Contact lenses are sold through eye-care professionals and large retailers, and many wearers re-buy daily or monthly lenses, which keeps revenue recurring. CooperSurgical sells fertility lab products, women's health devices and genetic testing to clinics and hospitals. MiSight, a lens for slowing myopia in children, is a growth item.

Products and services

  • CooperVision (contact lenses)
  • CooperSurgical (fertility, women's health devices)

Customers

  • Optometrists/eye-care practitioners
  • Contact lens wearers
  • OB/GYN and fertility clinics

Where it sits in the supply chain

  • Healthcare
  • Medical devices
  • Vision care and women's health devices

What could go right

  • Myopia-management lens adoption growth
  • Fertility/IVF procedure volume growth

What could go wrong

  • Contact lens pricing competition
  • Elective fertility procedure sensitivity to economic cycles

Moat: narrow (brand, installed base, switching costs). Established contact-lens brand portfolio (myopia management) plus a leading fertility/IVF device franchise.

Headquarters: San Ramon, California, USA · Founded: 1958 · Employees: 15,000

Named competitors

Cooper Companies (The) at a glance

Size Cooper Companies (The) (COO) is a United States Health Care company (Medical Specialties) with a market value of $11.9B, the 700th largest of 3,117 United States companies the cockpit tracks. Shares closed at $62.36 on 6 Nov 2026.

Performance Over six months the shares gained 3.9%, against +33.8% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue grew 4.7% over the last twelve months (peer median +4.9%); the operating margin is 19.3% (peer median 14.2%).

Valuation It trades at 13.8× forward earnings against a peer median of 20.4× (2nd cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.4 points below its cost of capital (8.4% WACC).

Short interest Short interest is 4.8% of the free float (15 Oct 2026).

Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026Peer median 136COO 106
Six months, rebased to 100: Cooper Companies (The) against the median of its 20 peers (local-currency closes).

Cooper Companies (The) financials

Reported figures in USD; fiscal year ends 2025-10-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$4.24B$4.09B$3.90B$3.59B$3.31B
Revenue growth—+5%+8%+9%—
Gross profit$2.60B$2.48B$2.39B$2.17B$1.99B
EBITDA$1.20B$1.11B$1.12B$909M$929M
Net income$570M$375M$392M$294M$386M
Free cash flow$678M$434M$288M$215M$450M
Capital expenditure$355M$362M$421M$392M$242M
Total debt$2.54B$2.78B$2.85B$2.82B$3.00B

Quarterly statements and history in the cockpit →

Cooper Companies (The) competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%+40%+60%0%+10%+20%ALGN7733DEMANTBIMPENSNGKOSBAXLENSKARTAVTRQGENBIOPODDGMED688271BRKRRVTYCOLO-B68697701COO6-month return →1-month return →
Up and to the right = strong over both horizons. Cooper Companies (The) is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%50×100×ALGN7733DEMANTBIMPENSNGKOSLENSKARTQGENBIOPODDGMED688271BRKRCOORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cooper Companies (The) is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%ALGN7733DEMANTBIMPENBAXLENSKARTAVTRQGENBIOPODDGMEDBRKRRVTYCOLO-B7701COOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Cooper Companies (The) is the large dot.

Cooper Companies (The) competitors and peer comparison

Head to head with its named competitors (COO vs ALC.SW vs JNJ vs BLCO.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Cooper Companies (The) COO$11.9B+4%+5%19%13.8×9.4%
Alcon ALC.SW$37.5B+22%-1%11%21.4×12.9%
Johnson & Johnson JNJ$665B+26%+8%26%24.5×3.5%
Bausch + Lomb BLCO.TO$7.20B+31%+11%9%17.3×11.0%
Menicon 7780.T$854M+12%+5%9%19.3×n/a
Vitrolife VITR.ST$1.63B+14%-2%19%27.6×22.0%

How Cooper Companies (The) compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cooper Companies (The) against its 20 peers (data as of 6 Nov 2026)
MeasureCOOPeer medianRank in peer set
1-month return+14.8%+8.4%7th highest of 21
6-month return+3.9%+33.8%5th lowest of 21
Distance from 52-week high-30.6%-12.5%2nd lowest of 21
Revenue growth (TTM)+4.7%+4.9%11th highest of 21
Operating margin19.3%14.2%5th highest of 21
Forward P/E13.8×20.4×2nd cheapest of 21
Growth the price implies (Req g, 7 yrs)9.4%10.7%9th least demanding of 19
Growth delivered (Del g)+11.0%+7.8%6th highest of 19
Hurdle (Req g minus delivered)-1.6 pp+4.4 pp7th least demanding of 19
ROIC minus cost of capital-2.4 pp+2.5 pp8th lowest of 21
EV / EBITDA11.9×14.2×9th cheapest of 18
Net debt / EBITDA2.0×0.7×6th most indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Cooper Companies (The) COOUnited States$11.9B+4%+5%19%13.8×9.4%+11.0%
Align Technology ALGNUnited States$11.8B-2%+4%19%13.9×11.4%+10.3%
Olympus 7733.TJapan$12.2B+13%+8%16%18.0×-1.5%+6.7%
Demant A/S DEMANT.CODenmark$11.6B+62%+10%18%25.7×6.8%+9.8%
bioMerieux BIM.PAFrance$12.4B+29%-3%15%20.9×8.9%+5.5%
Penumbra PENUnited States$12.6B-1%+17%12%54.9×30.1%+20.2%
Smith & Nephew SN..LUnited Kingdom$13.1B+5%+2%17%14.4×11.1%+5.6%
Glaukos GKOSUnited States$13.3B+68%+47%-9%155.4×n/an/a
Baxter International BAXUnited States$13.3B+43%+5%6%12.6×12.7%-0.7%
Lenskart Solutions LENSKART.NSIndia$13.4B+49%+35%10%137.4×52.8%+33.5%
Avantor AVTRUnited States$10.5B+86%+1%8%17.7×16.1%+0.5%
Qiagen QGENUnited States$10.4B+52%+3%25%19.8×8.8%+2.2%
Bio-Rad Laboratories BIOUnited States$10.3B+50%+1%9%35.7×26.5%+0.3%
Insulet PODDUnited States$10.2B-5%+26%18%19.5×10.3%+24.5%
Globus Medical GMEDUnited States$9.54B-9%+20%22%14.1×5.5%+30.1%
Shanghai United Imaging Healthcare 688271.SSChina$14.8B+9%+27%9%46.9×n/an/a
Bruker BRKRUnited States$9.34B+39%+2%9%26.2×25.7%+11.6%
Revvity RVTYUnited States$17.3B+54%+5%15%26.7×27.3%-5.5%
Coloplast A/S COLO-B.CODenmark$17.7B+26%+4%25%19.9×-1.8%+8.3%
Sysmex 6869.TJapan$7.89B+50%+4%13%31.2×4.4%+10.4%
Shimadzu 7701.TJapan$7.79B+15%+6%13%19.5×6.3%+7.3%

Questions

Who are Cooper Companies (The)'s main competitors?
Named competitors: Alcon (ALC.SW), Johnson & Johnson Vision (JNJ), Bausch + Lomb (BLCO.TO), Menicon (7780.T), SEED Co (private or unlisted), St. Shine Optical (private or unlisted). The cockpit's measured peer set (industry) also includes Align Technology (ALGN), Olympus (7733.T), Demant A/S (DEMANT.CO), bioMerieux (BIM.PA), Penumbra (PEN), Smith & Nephew (SN..L).
Is Cooper Companies (The) expensive compared with its peers?
On forward p/e it trades at 13.8× against a peer median of 20.4×, 2nd cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has Cooper Companies (The) stock performed?
Over six months to 6 Nov 2026 the shares returned +3.9% against +33.8% for the median peer; over one year -9.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.