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Kopin CorporationKOPNCompetitor analysis, valuation and peers

United States · USD·Information Technology›Semiconductors
Momentum laggard 10
Mkt cap
$564M
US dollars, full cap
Free float
95%
of shares outstanding
$/day
$12.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-79.1 pp
WACC 19.8%
Hurdle
n/a
no reverse DCF
Next earnings
4 days
10 Nov 2026
Close · USD$3.04
1D+10.4%
1W-19.9%
1M-27.7%
3M-27.9%
6M-43.9%
YTD+29.7%
1Y-2.7%
ATR %11.2%
Beta4.23
52w lowhigh54.1% off high

What Kopin does

Employees: 145

Kopin at a glance

Size Kopin (KOPN) is a United States Information Technology company (Semiconductors) with a market value of $564M, the 2613th largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.04 on 6 Nov 2026.

Performance Over six months the shares fell 43.9%, against -39.5% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 20 in its peer set.

Growth Revenue fell 7.1% over the last twelve months (peer median +21.8%); the operating margin is -34.6% (peer median 2.2%).

Valuation It trades at 11.8× enterprise value to sales against a peer median of 3.4× (3rd most expensive of 20).

Capital Return on invested capital runs 79.1 points below its cost of capital (19.8% WACC).

Backlog Backlog (remaining performance obligations) was $40.3M at 27 Jun 2026, up 91% on a year earlier — 0.9 years of trailing revenue. Backlog detail →

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026KOPN 61Peer median 59
Six months, rebased to 100: Kopin against the median of its 20 peers (local-currency closes).

Kopin financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$43.6M$39.3M$50.3M$40.4M$47.4M
Revenue growth—-22%+25%-15%—
Gross profit$18.3M$11.5M$14.2M$15.4M$14.8M
EBITDA-$14.3M-$14.1M-$17.7M-$16.6M-$21.1M
Net income$7.91M$2.55M-$43.9M-$19.7M-$19.3M
Free cash flow-$18.4M-$17.0M-$15.0M-$16.2M-$18.5M
Capital expenditure$5.32M$1.44M$815,344$949,487$832,712
Total debt$1.16M$1.48M$2.12M$2.48M$3.36M

Quarterly statements and history in the cockpit →

Kopin 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

-50%0%+50%-25%0%+25%30088900286668312533603396SLXJKS003015VIKRAMSOLR6613425420688693301002688691SIS002962688380600363KOPN6-month return →1-month return →
Up and to the right = strong over both horizons. Kopin is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×20×40×60×30088900286668312533603396SLX003015VIKRAMSOLR6613425420688693301002SIS8086688380KOPNRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kopin is the large dot.

Kopin competitors and peer comparison

How Kopin 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.

Kopin against its 20 peers (data as of 6 Nov 2026)
MeasureKOPNPeer medianRank in peer set
1-month return-27.7%-16.8%7th lowest of 21
6-month return-43.9%-39.5%9th lowest of 20
Distance from 52-week high-54.1%-56.5%9th highest of 21
Revenue growth (TTM)-7.1%+21.8%4th lowest of 20
Operating margin-34.6%2.2%2nd lowest of 20
EV / Sales11.8×3.4×3rd most expensive of 20
ROIC minus cost of capital-79.1 pp-5.6 pp2nd lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Kopin KOPNUnited States$564M-44%-7%-35%11.8×n/an/a
Shenzhen EXC-LED Technology 300889.SZChina$562M-29%+20%-7%3.2×n/an/a
Jiangsu Transimage Technology 002866.SZChina$567M-49%-5%3%1.9×12.9%+4.2%
Taiwan Microloops 6831.TWTaiwan$569M-46%+117%12%4.6×n/an/a
Black Sesame International 2533.HKHong Kong$555M-66%+73%-148%3.4×n/an/a
Yingkou Jinchen Machinery 603396.SSChina$555M-24%-5%5%1.3×21.1%+21.8%
Silex Systems SLX.AXAustralia$574M-49%+89%-33%47.3×43.3%+48.1%
JinkoSolar Holding Co., Ltd. Sponsored ADR JKSUnited States$551M-55%-15%-8%0.8×n/an/a
Centera Photonics 7917.TWOTaiwan$579Mn/an/an/an/an/an/a
Jiangsu Rijiu Optoelectronics Jointstock 003015.SZChina$548M-22%+5%12%5.3×15.8%+5.3%
Vikram Solar VIKRAMSOLR.NSIndia$546M-37%+40%12%1.0×n/an/a
QD Laser 6613.TJapan$546M+43%+7%-19%56.3×n/an/a
TFE 425420.KSSouth Korea$544M-8%+54%17%5.2×7.4%+15.5%
Suzhou Convert Semiconductor 688693.SSChina$543M-48%+49%-34%10.0×n/an/a
Shenzhen SOSEN Electronics 301002.SZChina$587M-39%+22%2%3.4×n/an/a
Brite Semiconductor (Shanghai) 688691.SSChina$542M-59%+27%-18%3.1×n/an/a
First Sensor SIS.DEGermany$591M-6%-18%7%5.7×13.5%-7.4%
Advanced Wireless Semiconductor 8086.TWOTaiwan$537M-41%+36%23%3.6×6.3%+3.0%
Hubei W-Olf Photoelectric Technology 002962.SZChina$534M-25%+3%1%2.2×24.2%+15.0%
Shenzhen China Micro Semicon 688380.SSChina$532M-39%+40%21%1.6×6.0%+24.3%
Jiangxi Lianchuang Optoelectronic Science & Tech 600363.SSChina$603M-82%-10%1%2.4×n/an/a

Kopin backlog

Kopin reported $40.3M of remaining performance obligations at 27 Jun 2026, up 91% from a year earlier and up 230% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 3.21.

Questions

Which companies are Kopin's closest peers?
The cockpit's peer set: Shenzhen EXC-LED Technology (300889.SZ), Jiangsu Transimage Technology (002866.SZ), Taiwan Microloops (6831.TW), Black Sesame International (2533.HK), Yingkou Jinchen Machinery (603396.SS), Silex Systems (SLX.AX), JinkoSolar Holding Co., Ltd. Sponsored ADR (JKS), Centera Photonics (7917.TWO).
Is Kopin expensive compared with its peers?
On ev / sales it trades at 11.8× against a peer median of 3.4×, 3rd most expensive of 20 in its peer set.
How has Kopin stock performed?
Over six months to 6 Nov 2026 the shares returned -43.9% against -39.5% for the median peer; over one year -2.7%.
What is Kopin's backlog?
Kopin's remaining performance obligations (contracted revenue not yet recognised) were $40.3M at 27 Jun 2026, +91% on a year earlier.

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.