Cooper Companies (The)

At October 31, 2025, CooperCompanies had total debt of $2.51 billion and cash of $110.6 million. Trailing CFO was $796.1 million with capex $362.4 million, yielding FCF of $433.7 million. Interest expense was about $100 million, covered roughly 6x by GAAP operating income and ~10x on a non‑GAAP basis.

We view leverage as manageable given FCF guidance of $575 to $625 million for FY26 but not low enough to be considered pristine. A $2.0 billion repurchase authorization (with $966 million remaining at FY25 year‑end) offers capital flexibility if cash generation tracks plan.