Cognex Corp (CGNX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.42	$0.45	+7.1%	—	—	—
Q2 26	$0.25	$0.34	+36.0%	—	—	—
Q1 26	$0.22	$0.27	+22.7%	—	—	—
Q4 25	$0.29	$0.33	+13.8%	—	—	—
Q3 25	$0.24	$0.25	+4.2%	—	—	—
Q2 25	$0.13	$0.16	+23.1%	—	—	—
Q1 25	$0.16	$0.2	+25.0%	—	—	—
Q4 24	$0.19	$0.2	+5.3%	—	—	—
Q3 24	$0.21	$0.23	+9.5%	—	—	—
Q2 24	$0.08	$0.11	+37.5%	—	—	—
Q1 24	$0.09	$0.11	+22.2%	—	—	—
Q4 23	$0.14	$0.16	+14.3%	—	—	—
Q3 23	$0.26	$0.32	+23.1%	—	—	—
Q2 23	$0.09	$0.13	+44.4%	—	—	—
Q1 23	$0.32	$0.27	-15.6%	—	—	—
Q4 22	$0.14	$0.21	+50.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.68	—	—	$994.4M	—
FY24	—	$0.62	—	—	$914.5M	—
FY23	—	$0.66	—	—	$837.5M	—
FY22	—	$1.24	—	—	$1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$529.5M	$766.1M	$806.3M	$725.6M	$811M	$1B	$1B	$837.5M	$914.5M	$994.4M
YoY change	+17.5%	+44.7%	+5.25%	-10%	+11.8%	+27.9%	-2.99%	-16.8%	+9.19%	+8.73%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	529.5M	766.1M	806.3M	725.6M	811M	1B	1B	837.5M	914.5M	994.4M
Cost of revenue	131.1M	187.3M	206.1M	189.8M	206.4M	277.3M	284.2M	236.3M	288.7M	329M
Gross profit	398.4M	578.8M	600.3M	535.9M	604.6M	759.8M	721.9M	601.2M	625.8M	665.4M
Gross margin	75.2%	75.6%	74.4%	73.8%	74.5%	73.3%	71.8%	71.8%	68.4%	66.9%
Research & development	78.3M	99.2M	116.4M	119.4M	131M	135.4M	141.1M	139.4M	139.8M	139M
Selling, general & administrative	166.1M	220.7M	262.7M	273.8M	267.6M	309.4M	312.1M	339.1M	370.9M	363.9M
Operating expenses	244.4M	319.9M	379.1M	393.3M	398.6M	444.7M	453.2M	478.5M	510.7M	502.8M
Operating income	154.1M	258.9M	221.1M	142.6M	206M	315.1M	268.7M	122.7M	115.1M	162.6M
Operating margin	29.1%	33.8%	27.4%	19.7%	25.4%	30.4%	26.7%	14.7%	12.6%	16.3%
Non-operating income, net	8M	7.6M	13.4M	20.4M	-19.1M	3.8M	-18M	12.6M	16.4M	20.2M
Pretax income	162.1M	266.5M	234.6M	163M	186.9M	318.9M	250.7M	135.3M	131.5M	182.8M
Income tax	18.1M	89.8M	15.3M	-40.9M	10.7M	39M	35.2M	22.1M	25.3M	68.4M
Net income	143.7M	176.7M	219.3M	203.9M	176.2M	279.9M	215.5M	113.2M	106.2M	114.4M
Net margin	27.1%	23.1%	27.2%	28.1%	21.7%	27%	21.4%	13.5%	11.6%	11.5%
EBITDA	162M	267.9M	229M	148.3M	251.3M	331M	305.8M	132.5M	132.3M	180.5M
EPS	0.88	1.02	1.27	1.19	1.02	1.59	1.24	0.66	0.62	0.68
Diluted EPS	0.86	0.99	1.24	1.16	1	1.56	1.23	0.65	0.62	0.68

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	197.2M	196.7M	210.8M	239.3M	234.7M	229.7M	216M	249.1M	276.9M	252.3M	268.4M	291.3M
Cost of revenue	54.5M	61.6M	68.9M	72.7M	75.3M	71.8M	71.7M	81.2M	89.6M	86.4M	77.5M	85.5M
Gross profit	142.8M	135M	141.9M	166.6M	159.4M	157.9M	144.3M	167.9M	187.3M	165.9M	190.9M	205.8M
Gross margin	72.4%	68.7%	67.3%	69.6%	67.9%	68.7%	66.8%	67.4%	67.6%	65.7%	71.1%	70.6%
Research & development	32.6M	34.7M	37.1M	35M	35.2M	32.5M	34.7M	33.1M	35.1M	36.1M	37M	32.4M
Selling, general & administrative	82.3M	90.4M	90.6M	93.2M	92.6M	94.5M	83.5M	91.3M	94.4M	94.6M	94M	87.9M
Operating expenses	114.9M	125.1M	127.7M	128.1M	127.8M	127M	118.2M	124.4M	129.5M	130.6M	131.1M	120.3M
Operating income	27.9M	10M	14.2M	38.5M	31.6M	30.8M	26.1M	43.4M	57.8M	35.3M	59.9M	85.5M
Operating margin	14.1%	5.07%	6.74%	16.1%	13.4%	13.4%	12.1%	17.4%	20.9%	14%	22.3%	29.4%
Non-operating income, net	-885K	4.4M	3.4M	3.1M	5M	5M	1.7M	4.6M	5.1M	8.8M	1.9M	3.8M
Pretax income	27M	14.4M	17.6M	41.6M	36.6M	35.8M	27.8M	48.1M	62.9M	44.1M	61.8M	89.3M
Income tax	8.1M	3.1M	5.5M	5.4M	7M	7.5M	4.2M	7.6M	45.2M	11.4M	10.1M	16.5M
Net income	18.9M	11.2M	12M	36.2M	29.6M	28.3M	23.6M	40.5M	17.7M	32.7M	51.7M	72.8M
Net margin	9.59%	5.71%	5.7%	15.1%	12.6%	12.3%	10.9%	16.3%	6.38%	12.9%	19.3%	25%
EBITDA	34.1M	12.7M	19.1M	43.4M	35.6M	34.1M	32.5M	48.9M	60.3M	38.8M	63.6M	88.2M
EPS	0.11	—	0.07	0.21	0.17	0.17	0.14	0.24	0.11	0.2	0.31	0.43
Diluted EPS	0.11	—	0.07	0.21	0.17	0.16	0.14	0.24	0.1	0.19	0.31	0.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.4B	10.6B	6.7B	9.6B	13.9B	13.7B	8.2B	7.2B	6.1B	6B	9.9B
Enterprise value	5B	10.2B	6.1B	9.2B	13.6B	13.4B	7.8B	6.9B	6B	5.8B	9.6B
Shares outstanding	170.7M	173.3M	172.3M	171.2M	173.5M	176.5M	173.4M	172.2M	171.4M	168M	168M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	37.8	60	30.4	47.1	79.1	49	37.9	63.5	57.9	52.8	56.5
P/S	10.3	13.8	8.26	13.2	17.2	13.2	8.12	8.58	6.72	6.08	9.08
P/B	5.64	9.67	5.87	7.08	11	9.6	5.68	4.78	4.05	4.05	6.06
EV/EBITDA	30.9	38	26.8	62	54	40.6	25.5	52.3	45.2	32.1	35.7
EV/Sales	9.46	13.3	7.6	12.7	16.7	12.9	7.76	8.28	6.53	5.82	8.77
Earnings yield	2.65%	1.67%	3.29%	2.12%	1.26%	2.04%	2.64%	1.57%	1.73%	1.89%	1.77%
FCF yield	3.12%	1.85%	2.8%	2.41%	1.64%	2.18%	2.74%	1.25%	2.18%	3.92%	1.98%
PEG	—	—	—	—	—	—	—	—	—	—	0.71

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	75.2%	75.6%	74.4%	73.8%	74.5%	73.3%	71.8%	71.8%	68.4%	66.9%	70.6%
Operating margin	29.1%	33.8%	27.4%	19.7%	25.4%	30.4%	26.7%	14.7%	12.6%	16.3%	29.4%
Net margin	27.1%	23.1%	27.2%	28.1%	21.7%	27%	21.4%	13.5%	11.6%	11.5%	16.1%
ROE	14.9%	16.1%	19.3%	15%	14%	19.6%	15%	7.53%	7%	7.67%	11.1%
ROA	13.8%	13.7%	17%	10.8%	9.78%	14%	11%	5.61%	5.33%	5.68%	7.13%
ROIC	25.3%	24.8%	34.5%	14.8%	21.2%	24.4%	21.4%	8.2%	6.92%	8.26%	12.4%
Return on tangible assets	17.3%	17.1%	21%	15.4%	13.7%	18.7%	14.9%	11.3%	10.2%	10.6%	13.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	8	5.59	8.54	5.04	4.55	3.39	3.82	4.47	3.62	3.8	3.93
Quick ratio	7.59	4.99	7.63	4.54	4.09	2.79	3.17	3.4	2.69	3.05	3.27
Debt / equity	—	—	0	0.01	0.02	0.02	0.03	0.05	0.05	0.05	0.04
Debt / assets	—	—	0	0.01	0.01	0.01	0.02	0.04	0.04	0.04	0.03
Net debt / EBITDA	—	—	-2.34	-2.66	-1.38	-0.9	-1.18	-1.91	-1.33	-1.44	-1.32
Effective tax rate	11.2%	33.7%	6.53%	0%	5.74%	12.2%	14%	16.3%	19.3%	37.4%	32.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.1	4.42	4.68	4.24	4.67	5.88	5.8	4.86	5.33	5.92	6.51
EPS (basic)	0.88	1.02	1.27	1.19	1.02	1.59	1.24	0.66	0.62	0.68	0.68
EPS (diluted)	0.86	0.99	1.24	1.16	1	1.56	1.23	0.65	0.62	0.68	1.04
Book value per share	5.64	6.32	6.59	7.92	7.28	8.1	8.29	8.74	8.85	8.88	9.69
FCF per share	0.99	1.13	1.08	1.35	1.32	1.69	1.29	0.52	0.78	1.41	1.58
Cash per share	2.47	2.33	3.11	2.41	2.15	1.83	2.31	1.93	1.44	2.01	2.4
Capex per share	0.08	0.17	0.22	0.13	0.08	0.09	0.11	0.13	0.09	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.42%	3.75%	4.6%	3%	1.64%	1.49%	1.95%	2.76%	1.64%	—	—
Capex / operating cash flow	7.14%	19.7%	14.5%	9.4%	5.82%	4.67%	8.07%	14.6%	9.8%	—	—
Payout ratio	17.5%	16.4%	14.5%	17.2%	221.6%	15.5%	21.3%	43.3%	49.3%	47.7%	32.2%
Dividend yield	0.46%	0.27%	0.48%	0.37%	2.8%	0.32%	0.56%	0.68%	0.85%	0.9%	0.58%

Yield

0.58%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.085

ex-dividend Aug 20, 2026

Payout ratio

32%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 20, 2026	$0.085
May 21, 2026	$0.085
Feb 26, 2026	$0.085

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$197.2M	$196.7M	$210.8M	$239.3M	$234.7M	$229.7M	$216M	$249.1M	$276.9M	$252.3M	$268.4M	$291.3M
YoY change	-5.91%	-17.9%	+4.81%	-1.33%	+19%	+16.8%	+2.49%	+4.1%	+18%	+9.86%	+24.3%	+16.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	420.8M	404.5M	535.6M	411.9M	372.3M	323.6M	400.1M	332M	246.1M	337M
Receivables	55.4M	119.4M	119.2M	103.4M	125.7M	130.3M	125.4M	114.2M	143.4M	146.7M
Inventory	27M	67.9M	83.3M	60.3M	60.8M	113.1M	122.5M	162.3M	157.5M	137.9M
Total current assets	526.3M	630M	780.3M	607.2M	601.7M	639.8M	717.7M	679M	613.4M	697.2M
Property, plant & equipment	2.7M	20.3M	21.8M	33.1M	31.2M	28.3M	10.2M	26.7M	80.4M	79.1M
Goodwill & intangibles	207.2M	252.8M	246.6M	565.9M	519.3M	507.2M	510.1M	1B	951.2M	934.8M
Total assets	1B	1.3B	1.3B	1.9B	1.8B	2B	2B	2B	2B	2B
Accounts payable	9.8M	23.5M	16.2M	17.9M	16.3M	44.1M	27.1M	21.5M	38M	50.2M
Short-term debt	—	—	—	5.6M	8.1M	7.8M	8.5M	9.6M	8.9M	11.7M
Total current liabilities	65.8M	112.6M	91.4M	120.5M	132.3M	188.6M	187.7M	151.9M	169.4M	183.6M
Long-term debt	—	—	0	12.3M	18.1M	17.8M	31.3M	69M	61.4M	64.9M
Total liabilities	76M	192.1M	154.4M	530.2M	538.5M	573.6M	519.7M	513.1M	475.3M	524.7M
Shareholders' equity	962.6M	1.1B	1.1B	1.4B	1.3B	1.4B	1.4B	1.5B	1.5B	1.5B
Total debt	—	—	0	18M	26.2M	25.6M	39.8M	78.6M	70.2M	76.6M
Net debt	—	—	-108.2M	-153.5M	-242.8M	-160.6M	-141.6M	-124.1M	-115.9M	-186.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	300.3M	337M	296.8M	404.4M
Receivables	—	—	—	—	—	—	—	—	154.6M	146.7M	170.7M	216.2M
Inventory	—	—	—	—	—	—	—	—	143.7M	137.9M	135.5M	142.8M
Total current assets	—	—	—	—	—	—	—	—	670.9M	697.2M	690.3M	849.9M
Property, plant & equipment	—	—	—	—	—	—	—	—	164.1M	79.1M	154M	150M
Goodwill & intangibles	10M	113M	105.1M	98.5M	102.5M	90.7M	91.1M	92.1M	957.7M	934.8M	899.9M	891.7M
Total assets	—	—	—	—	—	—	—	—	2B	2B	2B	2.2B
Accounts payable	—	—	—	—	—	—	—	—	45.5M	50.2M	59.6M	65.1M
Short-term debt	—	—	—	—	—	—	—	—	10.6M	11.7M	12.3M	12.3M
Total current liabilities	—	—	—	—	—	—	—	—	169.3M	183.6M	189.5M	216M
Long-term debt	—	—	—	—	—	—	—	—	68.3M	64.9M	61.7M	60.2M
Total liabilities	—	—	—	—	—	—	—	—	513.1M	524.7M	526.6M	549.1M
Shareholders' equity	—	—	—	—	—	—	—	—	1.5B	1.5B	1.5B	1.6B
Total debt	—	—	—	—	—	—	—	—	78.9M	76.6M	74M	72.5M
Net debt	—	—	—	—	—	—	—	—	-167M	-186.3M	-163.3M	-230M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	143.9M	176.7M	219.3M	203.9M	176.2M	279.9M	215.5M	113.2M	106.2M	114.4M
Depreciation & amortization	15.1M	17M	21.5M	24.9M	26.5M	20.3M	19.6M	21.9M	32.7M	30.8M
Stock-based compensation	20.6M	31.9M	41.1M	45.6M	42.7M	43.8M	54.5M	54.8M	52.4M	48.5M
Change in working capital	2.4M	-81.7M	-29.4M	47.9M	-23M	-12.1M	-68.1M	-18.1M	-20M	-3.1M
Operating cash flow	179.6M	145.7M	255.1M	231.3M	228.8M	331.3M	243.6M	158.6M	153.5M	245.5M
Capital expenditure	-12.8M	-28.8M	-37.1M	-21.7M	-13.3M	-15.5M	-19.7M	-23.1M	-15M	—
Investing cash flow	-121.7M	-105.3M	-10.8M	-157.3M	169.4M	-252.5M	-4.5M	32.3M	-39M	30.1M
Dividends paid	-25.2M	-29M	-31.9M	-35.1M	-390.5M	-43.3M	-45.9M	-49.1M	-52.3M	-54.6M
Share repurchases	-47.1M	-123.7M	-203.8M	-61.7M	-51M	-161.7M	-204.3M	-79.8M	-67.1M	-151.2M
Financing cash flow	-72.7M	-154.7M	-236.7M	-96.8M	-442.6M	-204.9M	-250.2M	-128.9M	-119.4M	-206.2M
Net change in cash	-14.8M	-114.3M	7.6M	-22.8M	-44.4M	-126.2M	-11.1M	62M	-4.9M	69.3M
Free cash flow	169.3M	195.6M	186.4M	231.6M	229.1M	298.6M	223.7M	89.8M	134M	236.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	18.9M	11.2M	12M	36.2M	29.6M	28.3M	23.6M	40.5M	17.7M	32.7M	51.7M	72.8M
Depreciation & amortization	5.1M	6.9M	8.1M	7.9M	8.8M	7.9M	7.9M	8M	7.5M	7.3M	7.2M	6.9M
Stock-based compensation	12.4M	13.3M	13.3M	13M	13.1M	13.1M	9.9M	12.3M	12.4M	13.9M	11.9M	11.2M
Change in working capital	4.7M	2.2M	-19.8M	-10.2M	2.6M	7.4M	10.4M	-3.1M	-12.5M	2.1M	-3.4M	-27.7M
Operating cash flow	40.8M	33.4M	11.9M	43.6M	48.9M	49.2M	47.4M	42.6M	87.5M	74.9M	45.1M	69.2M
Capital expenditure	-5.9M	-7M	-4.1M	-4.5M	-4.4M	-2.1M	-2.5M	—	—	—	—	—
Investing cash flow	200.3M	77.6M	-49M	35.2M	-27.4M	2.2M	33.1M	-1.8M	20M	-23.7M	3.5M	-69M
Dividends paid	-12M	-12.9M	-12.9M	-12.9M	-12.9M	-13.7M	-13.6M	-13.4M	-13.4M	-14.2M	-14.2M	-14.3M
Share repurchases	-10.5M	-20.2M	-9.3M	-10.5M	-4M	-43.2M	-102.2M	0	-24M	-25M	-99M	-6.2M
Financing cash flow	-22.5M	-33M	-22.2M	-23.4M	-16.8M	-57M	-115.8M	-13.4M	-37.4M	-39.2M	-113.2M	-20.5M
Net change in cash	218.5M	77.9M	-59.3M	55.4M	4.6M	-5.6M	-35.3M	27.4M	70M	12M	-64.5M	-20.3M
Free cash flow	35.2M	7.5M	9.6M	23.3M	51.9M	49.3M	38M	40.4M	86M	72.3M	42.3M	67.6M

Date	Ratio
Dec 4, 2017	2:1
Sep 17, 2013	2:1
Dec 19, 1995	2:1
Oct 1, 1993	2:1
Feb 18, 1992	2:1

Cognex Corp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history