NASDAQ : CGNX
Cognex Corporation — Financial statements
Technology · Scientific & Technical Instruments · United States
Last price 56.15 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 9.45B
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Financial statements
Cognex Corporation (CGNX) reported revenue of 1.09B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.09B | 994.36M | 914.51M | 837.55M | 1.01B | 1.04B |
| Cost of Revenue | 339.02M | 328.97M | 288.72M | 236.31M | 284.19M | 277.27M |
| Gross Profit | 749.91M | 665.39M | 625.79M | 601.24M | 721.90M | 759.83M |
| Selling, General & Admin | 370.92M | 363.86M | 370.91M | 339.14M | 312.11M | 309.35M |
| Research & Development | 140.56M | 138.97M | 139.81M | 139.40M | 141.13M | 135.37M |
| Operating Expenses | 511.48M | 502.83M | 510.73M | 478.54M | 453.24M | 444.73M |
| Operating Income | 238.43M | 162.57M | 115.06M | 122.70M | 268.67M | 315.10M |
| Interest & Investment Income | 18.85M | 16.95M | 13.97M | 14.09M | 6.71M | 6.66M |
| Currency Exchange Gain (Loss) | -2.33M | -4.08M | 1.53M | -10.04M | -1.84M | -2.27M |
| Other Non Operating Income (Expenses) | -460.00K | 2.31M | 922.00K | 592.00K | -412.00K | -591.00K |
| EBT Excluding Unusual Items | 254.49M | 177.75M | 131.49M | 127.35M | 273.13M | 318.90M |
| Merger & Restructuring Charges | -1.66M | |||||
| Gain (Loss) on Sale of Assets | 3.51M | 5.05M | ||||
| Other Unusual Items | -20.78M | |||||
| Pretax Income | 258.00M | 182.80M | 131.49M | 135.35M | 250.69M | 318.90M |
| Income Tax Expense | 83.21M | 68.36M | 25.32M | 22.11M | 35.17M | 39.02M |
| Earnings From Continuing Operations | 174.79M | 114.44M | 106.17M | 113.23M | 215.53M | 279.88M |
| Net Income | 174.79M | 114.44M | 106.17M | 113.23M | 215.53M | 279.88M |
| Net Income to Common | 174.79M | 114.44M | 106.17M | 113.23M | 215.53M | 279.88M |
| Shares Outstanding (Basic) | 167.23M | 168.05M | 171.44M | 172.25M | 173.41M | 176.46M |
| Shares Outstanding (Diluted) | 169.17M | 169.37M | 172.61M | 173.40M | 174.87M | 179.92M |
| EPS (Basic) | 1.05 | 0.68 | 0.62 | 0.66 | 1.24 | 1.59 |
| EPS (Diluted) | 1.04 | 0.68 | 0.62 | 0.65 | 1.23 | 1.56 |
| Free Cash Flow | 268.30M | 236.77M | 134.04M | 89.84M | 223.74M | 298.61M |
| Free Cash Flow Per Share | 1.59 | 1.40 | 0.78 | 0.52 | 1.28 | 1.66 |
| Dividend Per Share | 0.34 | 0.33 | 0.30 | 0.28 | 0.27 | 0.24 |
| Gross Margin | 68.87% | 66.92% | 68.43% | 71.79% | 71.75% | 73.27% |
| Operating Margin | 21.90% | 16.35% | 12.58% | 14.65% | 26.70% | 30.38% |
| Profit Margin | 16.05% | 11.51% | 11.61% | 13.52% | 21.42% | 26.99% |
| Free Cash Flow Margin | 24.64% | 23.81% | 14.66% | 10.73% | 22.24% | 28.79% |
| EBITDA | 267.41M | 193.36M | 147.75M | 144.58M | 288.29M | 335.38M |
| EBITDA Margin | 24.56% | 19.45% | 16.16% | 17.26% | 28.65% | 32.34% |
| D&A For EBITDA | 28.98M | 30.79M | 32.69M | 21.88M | 19.62M | 20.28M |
| EBIT | 238.43M | 162.57M | 115.06M | 122.70M | 268.67M | 315.10M |
| EBIT Margin | 21.90% | 16.35% | 12.58% | 14.65% | 26.70% | 30.38% |
| Effective Tax Rate | 32.25% | 37.40% | 19.25% | 16.34% | 14.03% | 12.23% |
| Advertising Expenses | 1.43M | 1.29M | 1.19M | 1.26M | 1.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 302.52M | 262.93M | 186.09M | 202.66M | 181.37M | 186.16M |
| Short-Term Investments | 101.85M | 74.04M | 59.96M | 129.39M | 218.76M | 137.46M |
| Cash & Short-Term Investments | 404.37M | 336.96M | 246.05M | 332.05M | 400.13M | 323.62M |
| Accounts Receivable | 228.92M | 163.69M | 146.41M | 116.57M | 127.60M | 134.34M |
| Other Receivables | 5.05M | 3.85M | 4.14M | 3.17M | 3.62M | 3.04M |
| Receivables | 233.97M | 167.54M | 150.56M | 119.73M | 131.22M | 137.38M |
| Inventory | 142.84M | 137.89M | 157.53M | 162.28M | 122.48M | 113.10M |
| Prepaid Expenses | 48.08M | 43.47M | 47.84M | 51.51M | 49.27M | 54.81M |
| Other Current Assets | 20.62M | 11.38M | 11.39M | 13.42M | 14.61M | 10.89M |
| Total Current Assets | 849.88M | 697.25M | 613.37M | 679.00M | 717.70M | 639.80M |
| Property, Plant & Equipment | 150.00M | 158.32M | 165.77M | 180.96M | 117.40M | 100.70M |
| Long-Term Investments | 350.64M | 305.34M | 340.90M | 244.23M | 454.12M | 583.75M |
| Goodwill | 381.38M | 386.28M | 384.94M | 393.18M | 242.63M | 241.71M |
| Other Intangible Assets | 64.46M | 81.10M | 90.68M | 112.95M | 12.41M | 11.89M |
| Long-Term Deferred Tax Assets | 377.83M | 383.27M | 392.17M | 400.40M | 407.24M | 418.57M |
| Other Long-Term Assets | 4.45M | 4.99M | 5.03M | 7.09M | 6.64M | 7.24M |
| Total Assets | 2.18B | 2.02B | 1.99B | 2.02B | 1.96B | 2.00B |
| Accounts Payable | 65.06M | 50.20M | 38.05M | 21.45M | 27.10M | 44.05M |
| Accrued Expenses | 72.33M | 85.92M | 66.62M | 68.13M | 68.06M | 87.00M |
| Current Portion of Leases | 12.28M | 11.72M | 8.85M | 9.62M | 8.45M | 7.79M |
| Current Income Taxes Payable | 9.13M | 9.14M | 25.68M | 16.91M | 18.13M | 8.58M |
| Current Unearned Revenue | 48.98M | 21.09M | 25.04M | 31.52M | 40.79M | 35.74M |
| Other Current Liabilities | 8.26M | 5.47M | 5.14M | 4.24M | 25.18M | 5.43M |
| Total Current Liabilities | 216.03M | 183.55M | 169.38M | 151.88M | 187.71M | 188.59M |
| Long-Term Leases | 60.20M | 64.87M | 61.36M | 68.98M | 31.30M | 17.80M |
| Long-Term Deferred Tax Liabilities | 248.89M | 250.51M | 217.16M | 246.88M | 249.96M | 293.77M |
| Other Long-Term Liabilities | 23.98M | 25.72M | 27.45M | 45.32M | 50.78M | 73.42M |
| Total Liabilities | 549.10M | 524.65M | 475.35M | 513.06M | 519.75M | 573.57M |
| Common Stock | 336.00K | 334.00K | 341.00K | 343.00K | 345.00K | 351.00K |
| Additional Paid-In Capital | 1.29B | 1.14B | 1.09B | 1.04B | 979.17M | 914.80M |
| Retained Earnings | 397.13M | 406.36M | 499.30M | 512.54M | 528.18M | 562.88M |
| Comprehensive Income & Other | -62.46M | -53.50M | -72.78M | -45.34M | -69.30M | -47.94M |
| Shareholders' Equity | 1.63B | 1.49B | 1.52B | 1.50B | 1.44B | 1.43B |
| Total Liabilities & Equity | 2.18B | 2.02B | 1.99B | 2.02B | 1.96B | 2.00B |
| Total Debt | 72.48M | 76.59M | 70.22M | 78.60M | 39.75M | 25.58M |
| Net Cash (Debt) | 331.89M | 260.38M | 175.83M | 253.45M | 360.38M | 298.04M |
| Net Cash Per Share | 1.96 | 1.54 | 1.02 | 1.46 | 2.06 | 1.66 |
| Filing Date Shares Outstanding | 168.22M | 165.71M | 169.87M | 171.63M | 172.54M | 173.92M |
| Total Common Shares Outstanding | 168.22M | 167.00M | 170.43M | 171.60M | 172.63M | 175.48M |
| Working Capital | 633.85M | 513.70M | 443.99M | 527.11M | 529.99M | 451.21M |
| Book Value Per Share | 9.69 | 8.93 | 8.90 | 8.77 | 8.33 | 8.15 |
| Tangible Book Value | 1.18B | 1.02B | 1.04B | 998.62M | 1.18B | 1.18B |
| Tangible Book Value Per Share | 7.04 | 6.13 | 6.11 | 5.82 | 6.85 | 6.70 |
| Land | 8.02M | 8.71M | 8.80M | 3.95M | 3.95M | |
| Buildings | 79.21M | 85.37M | 79.11M | 69.54M | 72.42M | |
| Machinery | 116.09M | 109.78M | 98.70M | 87.22M | 87.76M | |
| Leasehold Improvements | 22.70M | 21.64M | 19.61M | 14.49M | 10.44M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 174.79M | 114.44M | 106.17M | 113.23M | 215.53M | 279.88M |
| Depreciation & Amortization | 28.98M | 30.79M | 32.69M | 21.88M | 19.62M | 20.28M |
| Loss (Gain) From Sale of Assets | -3.35M | -4.89M | 88.00K | 229.00K | 19.00K | 33.00K |
| Loss (Gain) From Sale of Investments | -887.00K | -887.00K | 314.00K | 3.70M | 5.15M | 4.65M |
| Stock-Based Compensation | 49.43M | 48.52M | 52.44M | 54.77M | 54.51M | 43.77M |
| Other Operating Activities | 67.18M | 55.79M | -17.78M | -13.18M | 22.12M | -545.00K |
| Change in Accounts Receivable | -42.17M | -15.23M | -32.82M | 23.09M | 5.26M | -2.87M |
| Change in Inventory | -15.80M | 4.86M | -1.25M | -22.59M | -48.93M | -54.92M |
| Change in Accounts Payable | 22.94M | 11.71M | 18.35M | -13.74M | -17.28M | 27.83M |
| Change in Unearned Revenue | -3.98M | -4.18M | -6.22M | -9.12M | 4.89M | 14.42M |
| Change in Income Taxes | 3.85M | -16.81M | -9.28M | -16.75M | -444.00K | -6.40M |
| Change in Other Net Operating Assets | -4.35M | 21.39M | 6.37M | -28.61M | -17.02M | -12.07M |
| Operating Cash Flow | 276.63M | 245.51M | 149.08M | 112.92M | 243.41M | 314.06M |
| Capital Expenditures | -8.34M | -8.74M | -15.04M | -23.08M | -19.67M | -15.46M |
| Sale of Property, Plant & Equipment | 6.70M | 6.70M | ||||
| Cash Acquisitions | -1.44M | -257.06M | -5.05M | |||
| Investment in Securities | -80.68M | 30.05M | -22.48M | 312.41M | 20.26M | -237.08M |
| Investing Cash Flow | -70.80M | 28.02M | -38.97M | 32.27M | -4.45M | -252.54M |
| Issuance of Common Stock | 132.70M | 994.00K | 3.27M | 9.86M | 63.29M | |
| Repurchase of Common Stock | -155.77M | -151.62M | -67.08M | -79.79M | -204.31M | -161.65M |
| Common Dividends Paid | -56.10M | -54.63M | -52.33M | -49.08M | -45.92M | -43.26M |
| Other Financing Activities | 1.97M | -445.00K | ||||
| Financing Cash Flow | -77.20M | -206.69M | -118.42M | -125.61M | -240.37M | -141.62M |
| Foreign Exchange Rate Adjustments | -5.42M | 9.99M | -8.25M | 1.70M | -3.37M | -2.81M |
| Net Cash Flow | 123.21M | 76.83M | -16.56M | 21.28M | -4.79M | -82.91M |
| Free Cash Flow | 268.30M | 236.77M | 134.04M | 89.84M | 223.74M | 298.61M |
| Free Cash Flow Margin | 24.64% | 23.81% | 14.66% | 10.73% | 22.24% | 28.79% |
| Free Cash Flow Per Share | 1.59 | 1.40 | 0.78 | 0.52 | 1.28 | 1.66 |
| Levered Free Cash Flow | 195.67M | 190.51M | 139.90M | 63.88M | 219.44M | 215.35M |
| Unlevered Free Cash Flow | 195.67M | 190.51M | 139.90M | 63.88M | 219.44M | 215.35M |
| Cash Income Tax Paid | 42.33M | 42.33M | 59.85M | 56.62M | 57.02M | 49.44M |
| Change in Working Capital | -39.50M | 1.75M | -24.85M | -67.72M | -73.53M | -34.01M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.49B | 6.03B | 6.15B | 7.19B | 8.15B | 13.75B |
| Enterprise Value | 9.16B | 5.81B | 5.94B | 6.74B | 7.71B | 13.38B |
| Last Close Price | 56.41 | 35.83 | 35.39 | 40.89 | 45.86 | 75.31 |
| PE Ratio | 54.25 | 52.69 | 57.93 | 63.45 | 37.80 | 49.12 |
| Forward PE | 31.44 | 35.26 | 42.45 | 53.25 | 34.81 | 50.91 |
| PS Ratio | 8.71 | 6.06 | 6.72 | 8.58 | 8.10 | 13.26 |
| PB Ratio | 5.82 | 4.04 | 4.05 | 4.78 | 5.66 | 9.61 |
| P/TBV Ratio | 8.02 | 5.89 | 5.90 | 7.20 | 6.88 | 11.69 |
| P/FCF Ratio | 35.37 | 25.47 | 45.89 | 79.98 | 36.41 | 46.04 |
| P/OCF Ratio | 34.30 | 24.56 | 41.26 | 63.63 | 33.47 | 43.77 |
| PEG Ratio | 1.15 | 1.15 | 1.27 | 2.38 | 1.94 | |
| EV/Sales Ratio | 8.41 | 5.84 | 6.50 | 8.05 | 7.66 | 12.90 |
| EV/EBITDA Ratio | 34.25 | 30.04 | 40.20 | 46.62 | 26.73 | 39.90 |
| EV/EBIT Ratio | 38.41 | 35.73 | 51.62 | 54.94 | 28.68 | 42.47 |
| EV/FCF Ratio | 34.13 | 24.53 | 44.31 | 75.03 | 34.44 | 44.81 |
| Debt / Equity Ratio | 0.04 | 0.05 | 0.05 | 0.05 | 0.03 | 0.02 |
| Debt / EBITDA Ratio | 0.26 | 0.37 | 0.43 | 0.50 | 0.13 | 0.07 |
| Debt / FCF Ratio | 0.27 | 0.32 | 0.52 | 0.88 | 0.18 | 0.09 |
| Net Debt / Equity Ratio | -0.20 | -0.17 | -0.12 | -0.17 | -0.25 | -0.21 |
| Net Debt / EBITDA Ratio | -1.24 | -1.35 | -1.19 | -1.75 | -1.25 | -0.89 |
| Net Debt / FCF Ratio | -1.24 | -1.10 | -1.31 | -2.82 | -1.61 | -1.00 |
| Asset Turnover | 0.52 | 0.50 | 0.46 | 0.42 | 0.51 | 0.55 |
| Inventory Turnover | 2.36 | 2.23 | 1.81 | 1.66 | 2.41 | 3.19 |
| Quick Ratio | 2.96 | 2.75 | 2.34 | 2.98 | 2.83 | 2.44 |
| Current Ratio | 3.93 | 3.80 | 3.62 | 4.47 | 3.82 | 3.39 |
| Return on Equity (ROE) | 11.15% | 7.61% | 7.03% | 7.70% | 15.03% | 20.79% |
| Return on Assets (ROA) | 7.13% | 5.07% | 3.59% | 3.86% | 8.48% | 10.35% |
| Return on Invested Capital (ROIC) | 12.65% | 7.91% | 7.17% | 8.81% | 20.90% | 27.00% |
| Return on Capital Employed (ROCE) | 12.10% | 8.90% | 6.30% | 6.60% | 15.20% | 17.40% |
| Earnings Yield | 1.84% | 1.90% | 1.73% | 1.58% | 2.65% | 2.04% |
| FCF Yield | 2.83% | 3.93% | 2.18% | 1.25% | 2.75% | 2.17% |
| Dividend Yield | 0.60% | 0.90% | 0.84% | 0.68% | 0.56% | 0.31% |
| Payout Ratio | 32.70% | 47.73% | 49.29% | 43.34% | 21.31% | 15.46% |
| Buyback Yield / Dilution | 1.09% | 1.88% | 0.45% | 0.84% | 2.80% | -1.88% |
| Total Shareholder Return | 1.69% | 2.78% | 1.30% | 1.52% | 3.37% | -1.57% |