Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
The Cooper Companies, Inc
Physical assets are 23.6% of total assets, a light footprint. Capex is 0.86x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 4.1%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 1.97x. Compare it with other names in the same basket.
Physical asset ratio
23.6%Physical asset ratio · 2025-10-31(Net PP&E + inventory) / total assetsNet PP&E$2.08BpropertyPlantAndEquipmentNetInventory$846.00MinventoryTotal assets$12.39BtotalAssetsResult 23.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.97xFixed asset turnover · 2025-10-31Revenue / net PP&ERevenue$4.09BtotalRevenueNet PP&E$2.08BpropertyPlantAndEquipmentNetResult 1.97x
Revenue per dollar of the physical asset base.
Capex / D&A
0.86xCapex / D&A · 2025-10-31Capital expenditures / depreciation and amortizationCapex$362.40McapitalExpendituresD&A$423.00MdepreciationAndAmortizationResult 0.86x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$14.00Tangible book / share · 2025-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$12.39BtotalAssetsGoodwill$3.85BgoodWillIntangibles$1.59BintangibleAssetsLiabilities$4.16BtotalLiabTangible book$2.80BShares200,000,000commonStockSharesOutstandingResult $14.00
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
4.40xPrice / tangible bookPrice / tangible book per sharePrice$61.57Latest quoteTangible book / share$14.002025-10-31Result 4.40x
Price $61.57.
Fixed-charge coverage
4.70xFixed-charge coverage · 2025-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.05BebitdaCapex$362.40McapitalExpendituresInterest$100.00MinterestExpenseShort-term debt$47.10MshortLongTermDebtEBITDA − capex$691.00MPrincipal due is the current portion of debt.Result 4.70x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.6%Free cash flow yield · 2025-10-31Latest free cash flow / current market capFree cash flow$433.70MfreeCashFlowMarket cap$12.08BMarketCapitalizationResult 3.6%
Latest free cash flow divided by current market cap ($12.08B).
ROIC
4.1%ROIC · 2025-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$682.90MoperatingIncomeTax expense$191.60MincomeTaxExpensePretax income$566.50MincomeBeforeTaxTax rate33.8%Equity$8.24BtotalStockholderEquityDebt$2.78BshortLongTermDebtTotalCash$110.60McashInvested capital$10.91BResult 4.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.33x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 23.6%Physical asset ratio · 2018-10-31(Net PP&E + inventory) / total assetsNet PP&E$976.00MpropertyPlantEquipmentInventory$468.80MinventoryTotal assets$6.11BtotalAssetsResult 23.6% | 2.60xFixed asset turnover · 2018-10-31Revenue / net PP&ERevenue$2.53BtotalRevenueNet PP&E$976.00MpropertyPlantEquipmentResult 2.60x | 0.70xCapex / D&A · 2018-10-31Capital expenditures / depreciation and amortizationCapex$193.60McapitalExpendituresD&A$275.10MdepreciationAndAmortizationResult 0.70x | -$3.05Tangible book / share · 2018-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.11BtotalAssetsGoodwill$2.39BgoodWillIntangibles$1.52BintangibleAssetsLiabilities$2.81BtotalLiabTangible book-$605.60MShares198,800,000commonStockSharesOutstandingResult -$3.05 | 4.14xFixed-charge coverage · 2018-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$689.70MebitdaCapex$193.60McapitalExpendituresInterest$82.70MinterestExpenseShort-term debt$37.10MshortTermDebtEBITDA − capex$496.10MPrincipal due is short-term debt.Result 4.14x | $475.30MFree cash flow · 2018-10-31Reported free cash flowOperating cash flow$668.90MtotalCashFromOperatingActivitiesCapex$193.60McapitalExpendituresFree cash flow$475.30MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $475.30M | 4.6%ROIC · 2018-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$403.10MoperatingIncomeTax expense$192.00MincomeTaxExpensePretax income$331.90MincomeBeforeTaxTax rate40.0%Equity$3.31BtotalStockholderEquityDebt$2.02BshortLongTermDebtTotalCash$77.70McashAndEquivalentsInvested capital$5.25BThe effective tax rate was above 40% and was capped at 40%.Result 4.6% | 0.41xEBIT / PP&E · 2018-10-31Operating income / net PP&EOperating income$403.10MoperatingIncomeNet PP&E$976.00MpropertyPlantEquipmentResult 0.41x |
| 2019 | 26.1%Physical asset ratio · 2019-10-31(Net PP&E + inventory) / total assetsNet PP&E$1.13BpropertyPlantEquipmentInventory$506.90MinventoryTotal assets$6.27BtotalAssetsResult 26.1% | 2.34xFixed asset turnover · 2019-10-31Revenue / net PP&ERevenue$2.65BtotalRevenueNet PP&E$1.13BpropertyPlantEquipmentResult 2.34x | 1.04xCapex / D&A · 2019-10-31Capital expenditures / depreciation and amortizationCapex$292.10McapitalExpendituresD&A$280.80MdepreciationAndAmortizationResult 1.04x | -$1.03Tangible book / share · 2019-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.27BtotalAssetsGoodwill$2.43BgoodWillIntangibles$1.41BintangibleAssetsLiabilities$2.65BtotalLiabTangible book-$205.70MShares200,200,000commonStockSharesOutstandingResult -$1.03 | 0.85xFixed-charge coverage · 2019-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$826.20MebitdaCapex$292.10McapitalExpendituresInterest$68.00MinterestExpenseShort-term debt$563.70MshortTermDebtEBITDA − capex$534.10MPrincipal due is short-term debt.Result 0.85x | $421.10MFree cash flow · 2019-10-31Reported free cash flowOperating cash flow$713.20MtotalCashFromOperatingActivitiesCapex$292.10McapitalExpendituresFree cash flow$421.10MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $421.10M | 10.0%ROIC · 2019-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$546.70MoperatingIncomeTax expense$10.70MincomeTaxExpensePretax income$477.40MincomeBeforeTaxTax rate2.2%Equity$3.63BtotalStockholderEquityDebt$1.83BshortLongTermDebtTotalCash$89.00McashAndEquivalentsInvested capital$5.37BResult 10.0% | 0.48xEBIT / PP&E · 2019-10-31Operating income / net PP&EOperating income$546.70MoperatingIncomeNet PP&E$1.13BpropertyPlantEquipmentResult 0.48x |
| 2020 | 31.4%Physical asset ratio · 2020-10-31(Net PP&E + inventory) / total assetsNet PP&E$1.54BpropertyPlantAndEquipmentNetInventory$570.40MinventoryTotal assets$6.74BtotalAssetsResult 31.4% | 1.58xFixed asset turnover · 2020-10-31Revenue / net PP&ERevenue$2.43BtotalRevenueNet PP&E$1.54BpropertyPlantAndEquipmentNetResult 1.58x | 0.97xCapex / D&A · 2020-10-31Capital expenditures / depreciation and amortizationCapex$310.40McapitalExpendituresD&A$319.60MdepreciationAndAmortizationResult 0.97x | $0.45Tangible book / share · 2020-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.74BtotalAssetsGoodwill$2.45BgoodWillIntangibles$1.29BintangibleAssetsLiabilities$2.91BtotalLiabTangible book$88.50MShares198,200,000commonStockSharesOutstandingResult $0.45 | 0.70xFixed-charge coverage · 2020-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$622.90MebitdaCapex$310.40McapitalExpendituresInterest$36.80MinterestExpenseShort-term debt$409.30MshortLongTermDebtEBITDA − capex$312.50MPrincipal due is the current portion of debt.Result 0.70x | $176.20MFree cash flow · 2020-10-31Reported free cash flowOperating cash flow$486.60MtotalCashFromOperatingActivitiesCapex$310.40McapitalExpendituresFree cash flow$176.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $176.20M | 4.8%ROIC · 2020-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$311.80MoperatingIncomeTax expense$28.10MincomeTaxExpensePretax income$266.50MincomeBeforeTaxTax rate10.5%Equity$3.82BtotalStockholderEquityDebt$2.06BshortLongTermDebtTotalCash$115.90McashAndEquivalentsInvested capital$5.77BResult 4.8% | 0.20xEBIT / PP&E · 2020-10-31Operating income / net PP&EOperating income$311.80MoperatingIncomeNet PP&E$1.54BpropertyPlantAndEquipmentNetResult 0.20x |
| 2021 | 22.8%Physical asset ratio · 2021-10-31(Net PP&E + inventory) / total assetsNet PP&E$1.60BpropertyPlantEquipmentInventory$585.60MinventoryTotal assets$9.61BtotalAssetsResult 22.8% | 1.82xFixed asset turnover · 2021-10-31Revenue / net PP&ERevenue$2.92BtotalRevenueNet PP&E$1.60BpropertyPlantEquipmentResult 1.82x | 0.69xCapex / D&A · 2021-10-31Capital expenditures / depreciation and amortizationCapex$214.40McapitalExpendituresD&A$309.30MdepreciationAndAmortizationResult 0.69x | $15.53Tangible book / share · 2021-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.61BtotalAssetsGoodwill$2.57BgoodWillIntangibles$1.27BintangibleAssetsLiabilities$2.66BtotalLiabTangible book$3.10BShares199,400,000commonStockSharesOutstandingResult $15.53 | 5.75xFixed-charge coverage · 2021-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$823.90MebitdaCapex$214.40McapitalExpendituresInterest$23.10MinterestExpenseShort-term debt$82.90MshortLongTermDebtEBITDA − capex$609.50MPrincipal due is the current portion of debt.Result 5.75x | $524.20MFree cash flow · 2021-10-31Reported free cash flowOperating cash flow$738.60MtotalCashFromOperatingActivitiesCapex$214.40McapitalExpendituresFree cash flow$524.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $524.20M | 6.1%ROIC · 2021-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$505.80MoperatingIncomeTax expense-$2.45BincomeTaxExpensePretax income$491.50MincomeBeforeTaxTax rate0.0%Equity$6.94BtotalStockholderEquityDebt$1.48BshortLongTermDebtTotalCash$95.90McashAndEquivalentsInvested capital$8.33BResult 6.1% | 0.32xEBIT / PP&E · 2021-10-31Operating income / net PP&EOperating income$505.80MoperatingIncomeNet PP&E$1.60BpropertyPlantEquipmentResult 0.32x |
| 2022 | 17.9%Physical asset ratio · 2022-10-31(Net PP&E + inventory) / total assetsNet PP&E$1.43BpropertyPlantEquipmentInventory$628.70MinventoryTotal assets$11.49BtotalAssetsResult 17.9% | 2.31xFixed asset turnover · 2022-10-31Revenue / net PP&ERevenue$3.31BtotalRevenueNet PP&E$1.43BpropertyPlantEquipmentResult 2.31x | 0.70xCapex / D&A · 2022-10-31Capital expenditures / depreciation and amortizationCapex$242.00McapitalExpendituresD&A$346.10MdepreciationAndAmortizationResult 0.70x | $8.45Tangible book / share · 2022-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$11.49BtotalAssetsGoodwill$3.61BgoodWillIntangibles$1.89BintangibleAssetsLiabilities$4.32BtotalLiabTangible book$1.68BShares198,800,000commonStockSharesOutstandingResult $8.45 | 1.35xFixed-charge coverage · 2022-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$878.70MebitdaCapex$242.00McapitalExpendituresInterest$57.30MinterestExpenseShort-term debt$412.60MshortTermDebtEBITDA − capex$636.70MPrincipal due is short-term debt.Result 1.35x | $450.40MFree cash flow · 2022-10-31Reported free cash flowOperating cash flow$692.40MtotalCashFromOperatingActivitiesCapex$242.00McapitalExpendituresFree cash flow$450.40MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $450.40M | 4.2%ROIC · 2022-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$507.60MoperatingIncomeTax expense$89.50MincomeTaxExpensePretax income$475.30MincomeBeforeTaxTax rate18.8%Equity$7.17BtotalStockholderEquityDebt$2.76BshortLongTermDebtTotalCash$138.20McashAndEquivalentsInvested capital$9.80BResult 4.2% | 0.35xEBIT / PP&E · 2022-10-31Operating income / net PP&EOperating income$507.60MoperatingIncomeNet PP&E$1.43BpropertyPlantEquipmentResult 0.35x |
| 2023 | 20.3%Physical asset ratio · 2023-10-31(Net PP&E + inventory) / total assetsNet PP&E$1.63BpropertyPlantEquipmentInventory$735.60MinventoryTotal assets$11.66BtotalAssetsResult 20.3% | 2.20xFixed asset turnover · 2023-10-31Revenue / net PP&ERevenue$3.59BtotalRevenueNet PP&E$1.63BpropertyPlantEquipmentResult 2.20x | 1.07xCapex / D&A · 2023-10-31Capital expenditures / depreciation and amortizationCapex$392.50McapitalExpendituresD&A$367.70MdepreciationAndAmortizationResult 1.07x | $11.13Tangible book / share · 2023-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$11.66BtotalAssetsGoodwill$3.62BgoodWillIntangibles$1.71BintangibleAssetsLiabilities$4.11BtotalLiabTangible book$2.22BShares199,200,000commonStockSharesOutstandingResult $11.13 | 3.27xFixed-charge coverage · 2023-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$885.90MebitdaCapex$392.50McapitalExpendituresInterest$105.30MinterestExpenseShort-term debt$45.40MshortTermDebtEBITDA − capex$493.40MPrincipal due is short-term debt.Result 3.27x | $215.00MFree cash flow · 2023-10-31Reported free cash flowOperating cash flow$607.50MtotalCashFromOperatingActivitiesCapex$392.50McapitalExpendituresFree cash flow$215.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $215.00M | 3.8%ROIC · 2023-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$533.10MoperatingIncomeTax expense$118.70MincomeTaxExpensePretax income$412.90MincomeBeforeTaxTax rate28.7%Equity$7.55BtotalStockholderEquityDebt$2.57BshortLongTermDebtTotalCash$120.80McashInvested capital$10.00BResult 3.8% | 0.33xEBIT / PP&E · 2023-10-31Operating income / net PP&EOperating income$533.10MoperatingIncomeNet PP&E$1.63BpropertyPlantEquipmentResult 0.33x |
| 2024 | 21.6%Physical asset ratio · 2024-10-31(Net PP&E + inventory) / total assetsNet PP&E$1.86BpropertyPlantAndEquipmentNetInventory$802.70MinventoryTotal assets$12.32BtotalAssetsResult 21.6% | 2.09xFixed asset turnover · 2024-10-31Revenue / net PP&ERevenue$3.90BtotalRevenueNet PP&E$1.86BpropertyPlantAndEquipmentNetResult 2.09x | 1.12xCapex / D&A · 2024-10-31Capital expenditures / depreciation and amortizationCapex$421.20McapitalExpendituresD&A$375.10MdepreciationAndAmortizationResult 1.12x | $12.25Tangible book / share · 2024-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$12.32BtotalAssetsGoodwill$3.84BgoodWillIntangibles$1.79BintangibleAssetsLiabilities$4.23BtotalLiabTangible book$2.45BShares200,400,000commonStockSharesOutstandingResult $12.25 | 4.44xFixed-charge coverage · 2024-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.07BebitdaCapex$421.20McapitalExpendituresInterest$114.30MinterestExpenseShort-term debt$32.20MshortLongTermDebtEBITDA − capex$650.50MPrincipal due is the current portion of debt.Result 4.44x | $288.10MFree cash flow · 2024-10-31Reported free cash flowOperating cash flow$709.30MtotalCashFromOperatingActivitiesCapex$421.20McapitalExpendituresFree cash flow$288.10MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $288.10M | 4.5%ROIC · 2024-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$705.70MoperatingIncomeTax expense$190.00MincomeTaxExpensePretax income$582.30MincomeBeforeTaxTax rate32.6%Equity$8.08BtotalStockholderEquityDebt$2.58BshortLongTermDebtTotalCash$107.60McashInvested capital$10.56BResult 4.5% | 0.38xEBIT / PP&E · 2024-10-31Operating income / net PP&EOperating income$705.70MoperatingIncomeNet PP&E$1.86BpropertyPlantAndEquipmentNetResult 0.38x |
| 2025 | 23.6%Physical asset ratio · 2025-10-31(Net PP&E + inventory) / total assetsNet PP&E$2.08BpropertyPlantAndEquipmentNetInventory$846.00MinventoryTotal assets$12.39BtotalAssetsResult 23.6% | 1.97xFixed asset turnover · 2025-10-31Revenue / net PP&ERevenue$4.09BtotalRevenueNet PP&E$2.08BpropertyPlantAndEquipmentNetResult 1.97x | 0.86xCapex / D&A · 2025-10-31Capital expenditures / depreciation and amortizationCapex$362.40McapitalExpendituresD&A$423.00MdepreciationAndAmortizationResult 0.86x | $14.00Tangible book / share · 2025-10-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$12.39BtotalAssetsGoodwill$3.85BgoodWillIntangibles$1.59BintangibleAssetsLiabilities$4.16BtotalLiabTangible book$2.80BShares200,000,000commonStockSharesOutstandingResult $14.00 | 4.70xFixed-charge coverage · 2025-10-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.05BebitdaCapex$362.40McapitalExpendituresInterest$100.00MinterestExpenseShort-term debt$47.10MshortLongTermDebtEBITDA − capex$691.00MPrincipal due is the current portion of debt.Result 4.70x | $433.70MFree cash flow · 2025-10-31Reported free cash flowOperating cash flow$796.10MtotalCashFromOperatingActivitiesCapex$362.40McapitalExpendituresFree cash flow$433.70MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $433.70M | 4.1%ROIC · 2025-10-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$682.90MoperatingIncomeTax expense$191.60MincomeTaxExpensePretax income$566.50MincomeBeforeTaxTax rate33.8%Equity$8.24BtotalStockholderEquityDebt$2.78BshortLongTermDebtTotalCash$110.60McashInvested capital$10.91BResult 4.1% | 0.33xEBIT / PP&E · 2025-10-31Operating income / net PP&EOperating income$682.90MoperatingIncomeNet PP&E$2.08BpropertyPlantAndEquipmentNetResult 0.33x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $2.08B
Inventory: $846.00M
Total assets: $12.39B
Goodwill: $3.85B
Intangibles: $1.59B
Liabilities: $4.16B
Tangible book: $2.80B
Shares: 200,000,000
Revenue: $4.09B
Capex: $362.40M
D&A: $423.00M
EBITDA: $1.05B
Interest: $100.00M
Short-term debt: $47.10M
Free cash flow: $433.70M
Operating income: $682.90M
Invested capital: $10.91B
Tax rate: 33.8%