Cochlear (COH.AX) Stock Price

Cochlear Price

🇦🇺ASX·CLOSED
114.40AUD
Market closed
Today +/-
Today %

Cochlear (COH.AX) Stock | ISIN AU000000COH5 | WKN 898321. The current Cochlear stock price is 114.4 AUD (2026). Revenue is 2.47 B AUD. Net income is 418.91 M AUD. The P/E ratio is 17.92. Market capitalization is 7.51 B AUD. Cochlear operates in the Health sector.

Over the last 19 years Cochlear grew revenue by 9% annually, reaching 2.34 B AUD. Earnings per share have grown at 7.7% per year over the last 19 years. For Cochlear, the net margin of 16.6% is down versus 21.8% a few years ago. At today's price the dividend yield works out to roughly 5.09%. The payout ratio is around 72% of earnings. The dividend has grown at 7.7% per year over the past 19 years.

Cochlear stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Cochlear over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Cochlear stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Cochlear's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Cochlear Stock Price History
DateCochlear Price
Access this data via the Eulerpool API

Cochlear Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
452.3 M AUD
108.5 M AUD
80 M AUD
Jan 1, 2007
559.4 M AUD
153.6 M AUD
100.1 M AUD
Jan 1, 2008
601.7 M AUD
165 M AUD
115.2 M AUD
Jan 1, 2009
694.7 M AUD
177.1 M AUD
130.5 M AUD
Jan 1, 2010
734.8 M AUD
225.5 M AUD
155.2 M AUD
Jan 1, 2011
809.6 M AUD
246.9 M AUD
180.1 M AUD
Jan 1, 2012
779 M AUD
220.5 M AUD
56.8 M AUD
Jan 1, 2013
752.7 M AUD
182.9 M AUD
132.6 M AUD
Jan 1, 2014
804.9 M AUD
154.3 M AUD
93.7 M AUD
Jan 1, 2015
925.63 M AUD
215.36 M AUD
145.84 M AUD
Jan 1, 2016
1.13 B AUD
270.2 M AUD
188.92 M AUD
Jan 1, 2017
1.25 B AUD
324.12 M AUD
223.62 M AUD
Jan 1, 2018
1.36 B AUD
348 M AUD
245.8 M AUD
Jan 1, 2019
1.43 B AUD
359.5 M AUD
276.7 M AUD
Jan 1, 2020
1.32 B AUD
241 M AUD
-238.3 M AUD

Cochlear Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 20, 2026, 2:42 PM
 
REVENUE (B AUD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B AUD)
NET INCOME (M AUD)
NET INCOME GROWTH (%)
DIV. (AUD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202420252026e2027e2028e2029e2030e2031e
2.242.342.472.72.953.193.273.55
15.444.835.429.359.268.072.458.75
74.8573.7169.9263.9458.5254.1552.8648.61
1.671.731.731.731.731.731.731.73
356388418472532599652685
18.678.997.7312.9212.7112.598.855.06
5.425.822.935.025.75---
33.57.38-49.6671.3314.54
65.7265.6165.6165.6165.6165.6165.6165.61
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Cochlear generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Cochlear retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Cochlear's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Cochlear has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Cochlear's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Cochlear stock margins

The Cochlear margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Cochlear. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Cochlear.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
71.04 %
23.99 %
17.69 %
Jan 1, 2007
71.17 %
27.46 %
17.89 %
Jan 1, 2008
72.31 %
27.42 %
19.15 %
Jan 1, 2009
72.12 %
25.49 %
18.79 %
Jan 1, 2010
73.31 %
30.69 %
21.12 %
Jan 1, 2011
72.62 %
30.5 %
22.25 %
Jan 1, 2012
74.53 %
28.31 %
7.29 %
Jan 1, 2013
72.55 %
24.3 %
17.62 %
Jan 1, 2014
69.35 %
19.17 %
11.64 %
Jan 1, 2015
71.35 %
23.27 %
15.76 %
Jan 1, 2016
71.93 %
23.9 %
16.71 %
Jan 1, 2017
71.94 %
25.85 %
17.83 %
Jan 1, 2018
73.72 %
25.52 %
18.02 %
Jan 1, 2019
75.85 %
25.2 %
19.39 %
Jan 1, 2020
74.54 %
18.25 %
-18.04 %

Cochlear Stock Revenue, EBIT, Earnings per Share

The Cochlear earnings per share therefore indicates how much revenue Cochlear has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
8.21 AUD
1.97 AUD
1.45 AUD
Jan 1, 2007
10.06 AUD
2.76 AUD
1.8 AUD
Jan 1, 2008
10.78 AUD
2.96 AUD
2.06 AUD
Jan 1, 2009
12.41 AUD
3.16 AUD
2.33 AUD
Jan 1, 2010
12.98 AUD
3.98 AUD
2.74 AUD
Jan 1, 2011
14.2 AUD
4.33 AUD
3.16 AUD
Jan 1, 2012
13.69 AUD
3.88 AUD
1 AUD
Jan 1, 2013
13.21 AUD
3.21 AUD
2.33 AUD
Jan 1, 2014
14.1 AUD
2.7 AUD
1.64 AUD
Jan 1, 2015
16.17 AUD
3.76 AUD
2.55 AUD
Jan 1, 2016
19.75 AUD
4.72 AUD
3.3 AUD
Jan 1, 2017
21.82 AUD
5.64 AUD
3.89 AUD
Jan 1, 2018
23.67 AUD
6.04 AUD
4.27 AUD
Jan 1, 2019
24.72 AUD
6.23 AUD
4.79 AUD
Jan 1, 2020
22.14 AUD
4.04 AUD
-4 AUD

Cochlear business model & stock analysis

Cochlear Ltd is an Australian-based medical technology company founded in 1981 by engineer Professor Graeme Clark. The company specializes in Cochlear implant systems and other hearing devices. Cochlear Ltd offers accessories, services, and rehabilitation training for individuals with hearing impairments. The company's products are available for both children and adults with varying degrees of hearing loss. Cochlear Ltd operates in different sectors, including Cochlear implant systems, hearing aids, and wireless accessories and streaming systems under the brand names Nucleus® and Baha®. Nucleus® systems utilize a fully implantable cochlear implant and external speech processor to convert sound into electrical signals for interpretation by the brain. Baha® systems are bone-anchored hearing devices for individuals with unilateral to moderate hearing impairments. Cochlear Ltd also provides wireless accessories and streaming systems to connect devices like mobile phones, TVs, and music players to the hearing aids and cochlear implants, improving hearing performance and enhancing social lives. The company has a strong global presence, operating in over 100 countries with headquarters in Australia, multiple production facilities, and research centers. Cochlear Ltd has received numerous awards and recognition for its products and services and is committed to researching and developing new therapies and technologies to improve the lives of individuals with hearing impairments.

Cochlear SWOT Analysis

Strengths

Cochlear Ltd possesses several key strengths that contribute to its success in the market. Firstly, the company is a pioneer and leader in the field of implantable hearing solutions, with over 30 years of experience. This enables them to offer innovative and technologically advanced products that provide significant benefits to individuals with hearing loss.

Moreover, Cochlear has established a strong global presence with a wide distribution network spanning across more than 100 countries. This allows them to reach a large customer base and maintain strong relationships with healthcare professionals, ensuring accessibility and support for their products. Additionally, the company has a robust intellectual property portfolio, providing them with a competitive advantage in the market.

Weaknesses

Despite its strengths, Cochlear Ltd faces a few weaknesses that could pose challenges. One significant weakness is the high cost associated with their implantable hearing solutions. This can limit their accessibility to a substantial portion of the population, particularly in developing countries or regions where healthcare budgets are constrained.

Another weakness lies in the complexity of the surgical procedure required for implanting their hearing devices. This could deter potential customers who might prefer less invasive options or who are reluctant to undergo surgery. Additionally, as a specialized medical device company, Cochlear relies heavily on regulatory approvals, which can lead to delays in product launches and market entry.

Opportunities

Cochlear Ltd operates in an industry with several significant opportunities. Firstly, the growing global prevalence of hearing loss, coupled with an aging population, presents a substantial market opportunity for the company. They can leverage their expertise and portfolio to address the unmet needs of individuals with hearing impairment worldwide.

Furthermore, advancements in technology and digital healthcare offer opportunities for Cochlear to develop innovative solutions that improve user experience and convenience. The increasing adoption of telehealth and remote patient monitoring also opens new avenues for Cochlear to provide virtual support and services to its customers, enhancing accessibility and convenience.

Threats

Cochlear Ltd operates in a competitive market with several threats that could impact its business. One significant threat is the presence of well-established competitors in the hearing solutions industry who have the financial resources and R&D capabilities to develop competitive products. This intensifies the need for Cochlear to maintain its focus on innovation and differentiation.

Additionally, changes in healthcare policies and reimbursement systems can pose a threat to Cochlear's financial performance. Reimbursement cuts or changes in coverage policies may affect the affordability and accessibility of the company's products, impacting market demand. Lastly, economic downturns or financial crises can also have an adverse effect on Cochlear's business, as discretionary healthcare spending may decline during such periods.

Cochlear Eulerpool Fair Value

Cochlear historical P/E ratio, EBIT multiple, and P/S ratio

Cochlear annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Cochlear shares outstanding

The number of shares was Cochlear in 2025 — This indicates how many shares 65.606 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
55.1 M base_Shares
Jan 1, 2007
55.6 M base_Shares
Jan 1, 2008
55.8 M base_Shares
Jan 1, 2009
56 M base_Shares
Jan 1, 2010
56.6 M base_Shares
Jan 1, 2011
57 M base_Shares
Jan 1, 2012
56.9 M base_Shares
Jan 1, 2013
57 M base_Shares
Jan 1, 2014
57.1 M base_Shares
Jan 1, 2015
57.23 M base_Shares
Jan 1, 2016
57.24 M base_Shares
Jan 1, 2017
57.47 M base_Shares
Jan 1, 2018
57.6 M base_Shares
Jan 1, 2019
57.71 M base_Shares
Jan 1, 2020
59.63 M base_Shares

Cochlear Dividend History

31 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20262.93AUDYTD
Mar 19, 20262.93AUD 0.0%1/1
20255.82AUD 7.4%
Mar 20, 20252.89AUD 2.4%1/2
Sep 18, 20252.93AUD 1.6%2/2
20245.42AUD 33.6%
20234.06AUD 24.9%
20223.25AUD 27.4%
20212.55AUD 11.6%
20202.29AUD 51.5%
20194.71AUD 10.0%
20184.29AUD 11.1%
20173.86AUD 17.4%

Cochlear dividend history and estimates

In 2025, Cochlear paid a dividend amounting to 5.82 AUD. Dividend means that Cochlear distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
1.43 AUD
0 AUD
Jan 1, 2007
1.79 AUD
0 AUD
Jan 1, 2008
2.14 AUD
0 AUD
Jan 1, 2009
2.5 AUD
0 AUD
Jan 1, 2010
2.68 AUD
0 AUD
Jan 1, 2011
2.88 AUD
0 AUD
Jan 1, 2012
2.95 AUD
0 AUD
Jan 1, 2013
2.9 AUD
0 AUD
Jan 1, 2014
2.65 AUD
0 AUD
Jan 1, 2015
2.46 AUD
0 AUD
Jan 1, 2016
3.29 AUD
0 AUD
Invalid Date
0 AUD
3.86 AUD
Jan 1, 2018
4.29 AUD
0 AUD
Jan 1, 2019
4.71 AUD
0 AUD
Jan 1, 2020
2.29 AUD
0 AUD

Cochlear dividend payout ratio

In 2025, Cochlear had a payout ratio of 71.67%. The payout ratio indicates the percentage of the company's profits that Cochlear distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
98.52 %
Jan 1, 2007
99.21 %
Jan 1, 2008
103.52 %
Jan 1, 2009
107.3 %
Jan 1, 2010
97.71 %
Jan 1, 2011
91.14 %
Jan 1, 2012
294.71 %
Jan 1, 2013
124.9 %
Jan 1, 2014
161.52 %
Jan 1, 2015
96.67 %
Jan 1, 2016
99.56 %
Jan 1, 2017
99.12 %
Jan 1, 2018
100.6 %
Jan 1, 2019
98.32 %
Jan 1, 2020
-57.2 %
Price targets and forecasts for Cochlear are not yet available.

Cochlear Earnings Estimates

Cochlear Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/16/20242.6AUD1.04 BAUD2024 Q2
8/17/20232.57AUD960.5 MAUD2023 Q4
2/20/20231.92AUD870.52 MAUD2023 Q2
8/19/20221.94AUD846.25 MAUD2022 Q4
2/22/20221.99AUD796.42 MAUD2022 Q2
8/20/20211.79AUD733.62 MAUD2021 Q4
2/19/20211.46AUD680.43 MAUD2021 Q2
8/18/20200.36AUD518.33 MAUD2020 Q4
2/18/20202.53AUD806.91 MAUD2020 Q2
8/16/20192.47AUD774.48 MAUD2019 Q4

EESG©

Eulerpool ESG Scorecard© for the Cochlear stock

72/100
64
Environment
99
Social
53
Governance
E

Environment

20
Scope 1 - Direct Emissions856
Scope 2 - Indirect emissions from purchased energy2,183
Scope 3 - Indirect emissions within the value chain14,418
Total CO₂ emissions3,040
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees51
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Cochlear shareholder structure

% Name
6.18765%
AustralianSuper
AustralianSuper
6.07258%
Pinnacle Investment Management Group Ltd
Pinnacle Investment Management Group Ltd
5.99021%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
5.33139%
State Street Investment Management Australia Ltd.
State Street Investment Management Australia Ltd.
4.86832%
Hyperion Asset Management Limited
Hyperion Asset Management Limited
2.52274%
APG Asset Management N.V.
APG Asset Management N.V.
2.02943%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.76145%
Vanguard Investments Australia Ltd.
Vanguard Investments Australia Ltd.
1.56275%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.29858%
State Street Investment Management (US)
State Street Investment Management (US)
...

Cochlear Executives and Management Board

DH

Mr. Diggory Howitt

(56)

President, Chief Executive Officer, Executive Director

Compensation5.08 M AUD
JJ

Mr. Jan Janssen

Chief Technology Officer

Compensation2.22 M AUD
SS

Mr. Stuart Sayers

President, Asia Pacific & Latin America

Compensation1.8 M AUD
AB

Mr. Anthony Bishop

President - EMEA

Compensation1.45 M AUD
AD

Ms. Alison Deans

(57)

Non-Executive Independent Chairman of the Board

Compensation596,779 AUD

Frequently asked questions about Cochlear

Cochlear Ltd operates under a distinctive business model. As a global leader in the development and manufacturing of hearing solutions, the company primarily focuses on designing, producing, and marketing cochlear implant devices. Cochlear implants are electronic devices that provide a sense of sound to individuals with severe hearing loss or deafness. With a commitment to continuous innovation and superior quality, Cochlear Ltd offers a wide range of products and services that cater to the needs of patients, healthcare professionals, and hearing implant clinics worldwide. Through its robust business model, Cochlear Ltd aims to improve the lives of individuals with hearing challenges by providing cutting-edge and life-changing hearing solutions.

All fundamentals and in-depth analysis of Cochlear

Our stock analysis for Cochlear Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cochlear Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.