Cognex
CGNX · Electronic Equipment & Instruments
$55.55
1.7%Crane NXT
CXT · Electronic Equipment & Instruments
$56.88
2.3%The short version
- Crane NXT is the larger business, with $1.7B of revenue in fiscal 2025 against $994M for Cognex, about 1.7 times as much.
- Crane NXT grew revenue faster (11.4%, against 8.7%).
- Cognex kept more of each dollar of sales as operating profit (16.4% operating margin, against 14.9% operating margin).
- Cognex turned more of its sales into free cash flow (23.8% FCF margin, against 12.0% FCF margin).
- Crane NXT earned a higher return on the capital invested in it (10.4%, against 8.4%).
- Investors pay more for each dollar of Cognex’s earnings: a P/E of 53.4x against 23.6x for Crane NXT.
| Latest fiscal year | CGNX · FY25 | CXT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.4B | $3.3B |
| Revenue | $994M | $1.7B |
| Free cash flow | $237M | $198M |
| Net income | $114M | $145M |
| Growth | ||
| Revenue growth | 8.7% | 11.4% |
| 5-year growth | 4.2% | — |
| Share count change | −1.9% | 0.4% |
| Profitability | ||
| Gross margin | 66.9% | 42.5% |
| Operating margin | 16.4% | 14.9% |
| Net margin | 11.5% | 8.8% |
| FCF margin | 23.8% | 12.0% |
| Return on capital | 8.4% | 10.4% |
| Return on equity | 7.6% | 12.5% |
| Balance sheet | ||
| Net debt | −$337M | $906M |
| Net debt / EBITDA | −1.7x | 2.6x |
| Dividends and buybacks | $206M | $39.0M |
| Valuation & quality | ||
| P/E | 53.4x | 23.6x |
| Piotroski F-score | 7 | 4 |
FY16
CGNX $530M
CXT —
FY17
CGNX $766M
CXT —
FY18
CGNX $806M
CXT —
FY19
CGNX $726M
CXT —
FY20
CGNX $811M
CXT —
FY21
CGNX $1.0B
CXT —
FY22
CGNX $1.0B
CXT —
FY23
CGNX $838M
CXT $1.4B
FY24
CGNX $915M
CXT $1.5B
FY25
CGNX $994M
CXT $1.7B
CGNX
CXT
FY16
CGNX 29.1%
CXT —
FY17
CGNX 33.8%
CXT —
FY18
CGNX 27.4%
CXT —
FY19
CGNX 19.7%
CXT —
FY20
CGNX 21.0%
CXT —
FY21
CGNX 30.4%
CXT —
FY22
CGNX 24.5%
CXT —
FY23
CGNX 15.6%
CXT 20.6%
FY24
CGNX 12.6%
CXT 18.1%
FY25
CGNX 16.4%
CXT 14.9%
CGNX
CXT
FY16
CGNX $169M
CXT —
FY17
CGNX $196M
CXT —
FY18
CGNX $186M
CXT —
FY19
CGNX $232M
CXT —
FY20
CGNX $229M
CXT —
FY21
CGNX $299M
CXT —
FY22
CGNX $224M
CXT —
FY23
CGNX $89.8M
CXT $245M
FY24
CGNX $134M
CXT $169M
FY25
CGNX $237M
CXT $198M
CGNX
CXT
FY16
CGNX 26.7%
CXT —
FY17
CGNX 27.8%
CXT —
FY18
CGNX 32.0%
CXT —
FY19
CGNX 18.5%
CXT —
FY20
CGNX 17.5%
CXT —
FY21
CGNX 27.7%
CXT —
FY22
CGNX 19.7%
CXT —
FY23
CGNX 9.9%
CXT —
FY24
CGNX 7.6%
CXT 14.4%
FY25
CGNX 8.4%
CXT 10.4%
CGNX
CXT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.