Cognex
CGNX Nasdaq· Electronic Equipment & Instruments
Last close · Oct 23, 2026
$55.55
KIRA · Stoqly’s AI analyst, in plain words
- Cognex had $994M of revenue in fiscal 2025, up 8.7% on the year before. Over five years, revenue changed +4.2% a year on average.
- Its operating margin was 16.4%, up 3.8 pts: of every 100 in sales, about 16 is left after running the business.
- Cognex made $114M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −2.2% a year.
- Free cash flow was $237M in fiscal 2025, 23.8% of revenue.
- Cognex returned $206M to shareholders in fiscal 2025, 87% of free cash flow. The diluted share count fell 1.9%.
- Cognex has $337M more cash than debt.
Market cap
$9.4B
P/E
53.4x
Revenue
$994M
Net income
$114M
Free cash flow
$237M
Operating margin
16.4%
Cognex in 30 seconds · fiscal 2025
Are sales growing?
+8.7%
Yes. Sales grew 8.7% last year.
Does it make a profit?
11.5%
Yes. It keeps 11.5% of every sale as profit.
Does profit turn into cash?
23.8%
Yes. 23.8% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
53.4x
One share costs 53.4 times its yearly profit per share. Typical for its sector: 33.0x.
What Cognex does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- COGNEX CORP
- CIK
- 0000851205
Cognex · CGNX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.0B | $1.0B | $838M | $915M | $994M |
| Revenue growth | 27.9% | −3.0% | −16.8% | 9.2% | 8.7% |
| Gross margin | 73.3% | 71.8% | 71.8% | 68.4% | 66.9% |
| Operating margin | 30.4% | 24.5% | 15.6% | 12.6% | 16.4% |
| Net income | $280M | $216M | $113M | $106M | $114M |
| Net margin | 27.0% | 21.4% | 13.5% | 11.6% | 11.5% |
| Diluted EPS | $1.56 | $1.23 | $0.65 | $0.62 | $0.68 |
| Cash | |||||
| Cash from operations | $314M | $243M | $113M | $149M | $246M |
| Capital expenditure | $15.5M | $19.7M | $23.1M | $15.0M | $8.7M |
| Free cash flow | $299M | $224M | $89.8M | $134M | $237M |
| FCF margin | 28.8% | 22.2% | 10.7% | 14.7% | 23.8% |
| Dividends paid | $43.3M | $45.9M | $49.1M | $52.3M | $54.6M |
| Share buybacks | $162M | $204M | $79.8M | $67.1M | $151M |
| Share count change | 1.9% | −2.8% | −0.8% | −0.5% | −1.9% |
| Debt and strength | |||||
| Cash and short-term investments | $324M | $400M | $332M | $246M | $337M |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $1.4B | $1.4B | $1.5B | $1.5B | $1.5B |
| Net debt / EBITDA | −1.0x | −1.5x | −2.2x | −1.7x | −1.7x |
| Current ratio | 3.4x | 3.8x | 4.5x | 3.6x | 3.8x |
| Returns and quality | |||||
| Return on capital | 27.7% | 19.7% | 9.9% | 7.6% | 8.4% |
| Return on equity | 20.8% | 15.0% | 7.7% | 7.0% | 7.6% |
| Piotroski F-score | 5 | 5 | 5 | 5 | 7 |
| Altman Z'' | 6.1 | 6.4 | 6.1 | 6.0 | 5.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$34.8M
9 insiders
Of sales under plans
39%
$13.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cognex · CGNX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Cognex CGNX | $9.4B | 8.7% | 16.4% | 23.8% | 8.4% | 53.4x | 7 |
| Novanta NOVT | $5.8B | 3.3% | 9.6% | 4.9% | 6.5% | 89.7x | 5 |
| Crane NXT CXT | $3.3B | 11.4% | 14.9% | 12.0% | 10.4% | 23.6x | 4 |
| Vontier VNT | $4.8B | 3.2% | 18.3% | 14.3% | 15.8% | 14.3x | 6 |
| Keysight Technologies KEYS | $56.4B | 8.0% | 16.3% | 23.8% | 12.1% | 44.7x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $55.55 a share, the company is worth $9.4B: 53.4 times its earnings of the last four quarters.
Cognex grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 3 of 4.
Source: SEC EDGAR XBRL filings (CIK 0000851205). Data updated October 16, 2026. For information only — not investment advice. Check the original filings before relying on any figure.