Cognex Corp (CGNX)
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks in the United States, Europe, Greater China, and internationally. Its machine vision products are used to automate the manufacture and distribution of discrete items, such as mobile phones, automotive components, and e-commerce packages, by locating, identifying, inspecting, and measuring them. The company offers VisionPro software, a suite of patented vision tools for traditional rule-based tools and deep learning-enabled tools for advanced programming; vision systems that combine smart cameras and software to perform a wide range of tasks, including part location, identification, measurement, assembly verification, and robotic guidance; OneVision, a cloud-based platform designed to transform how manufacturers build, train, and scale AI-powered vision applications; In-Sight product line of vision systems and sensors; QuickBuild, which allows customers to build vision applications with a graphical and flowchart-based programming interface; DataMan, an image-based barcode reader for fixed-mount and handheld models, as well as barcode verifiers; and vision accessories, such as industrial cameras, lenses, lighting, vision controllers, frame grabbers, and I/O cards. It sells its products to the automotive, logistics, packaging, consumer electronics, medical-related, semiconductor, and consumer products industries. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.
- Symbol
- CGNX
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Scientific & Technical Instruments
- Market cap
- $9.79B
- 52 week range
- 34.6 - 72.88
Valuation
- Share price
- $58.19 (close of 2026-09-23)
- P/E (TTM)
- 55.95x
- Price to book
- 6.01x
- Price to free cash flow
- 36.48x
- Enterprise value
- $9.56B
- Book value per share
- $9.69
Price performance
| Period | Change |
|---|
| 1 day | -6.13% |
| 5 days | -1.62% |
| 1 month | -3.88% |
| 3 months | -9.02% |
| 6 months | +14.55% |
| Year to date | +61.73% |
| 1 year | +25.33% |
| 3 years | +37.21% |
| 5 years | -34.59% |
| 10 years | +127.93% |
| All time | +16525.71% |
Profitability and growth
- Return on equity
- 7.67%
- Return on invested capital
- 7.22%
- Return on assets
- 5.68%
- Return on capital employed
- 8.87%
- Gross margin
- 66.92%
- Net margin
- 11.51%
- EBITDA margin
- 18.39%
- Revenue growth
- 8.73%
- Net income growth
- 7.79%
- Free cash flow growth
- 76.64%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.74%
- Current ratio
- 3.93x
- Net debt to EBITDA
- -0.86x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $994.36M
- Cost of revenue
- $328.97M
- Gross profit
- $665.39M
- EBITDA
- $182.85M
- Net income
- $114.44M
- Earnings per share
- $0.68
- Research and development
- $138.97M
- Shares outstanding
- 168.05M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $994.36M | $665.39M | $114.44M | $0.68 |
| 2024-12-31 | $914.51M | $625.79M | $106.17M | $0.62 |
| 2023-12-31 | $837.55M | $601.24M | $113.23M | $0.66 |
| 2022-12-31 | $1.01B | $721.90M | $215.53M | $1.24 |
| 2021-12-31 | $1.04B | $759.83M | $279.88M | $1.59 |
| 2020-12-31 | $811.02M | $604.60M | $176.19M | $1.02 |
| 2019-12-31 | $725.63M | $535.87M | $203.87M | $1.19 |
| 2018-12-31 | $806.34M | $600.29M | $219.27M | $1.27 |
| 2017-12-31 | $766.08M | $578.79M | $176.71M | $1.02 |
| 2016-12-31 | $529.51M | $398.44M | $143.69M | $0.84 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 66.92% | 11.51% | 7.67% | 7.22% |
| 2024-12-31 | 68.43% | 11.61% | 7.00% | 6.40% |
| 2023-12-31 | 71.79% | 13.52% | 7.53% | 7.86% |
| 2022-12-31 | 71.75% | 21.42% | 14.98% | 16.28% |
| 2021-12-31 | 73.26% | 26.99% | 19.57% | 21.75% |
| 2020-12-31 | 74.55% | 21.72% | 13.96% | 15.68% |
| 2019-12-31 | 73.85% | 28.10% | 15.04% | 11.86% |
| 2018-12-31 | 74.45% | 27.19% | 19.31% | 20.04% |
| 2017-12-31 | 75.55% | 23.07% | 16.13% | 17.10% |
| 2016-12-31 | 75.25% | 27.14% | 14.92% | 15.38% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $262.93M |
| 2024-12-31 | $186.09M |
| 2023-12-31 | $202.66M |
| 2022-12-31 | $181.37M |
| 2021-12-31 | $186.16M |
| 2020-12-31 | $269.07M |
| 2019-12-31 | $171.43M |
| 2018-12-31 | $108.21M |
| 2017-12-31 | $106.58M |
| 2016-12-31 | $79.64M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $236.77M | $48.52M |
| 2024-12-31 | $134.04M | $52.44M |
| 2023-12-31 | $89.84M | $54.77M |
| 2022-12-31 | $223.74M | $54.51M |
| 2021-12-31 | $298.61M | $43.77M |
| 2020-12-31 | $229.10M | $1.40M |
| 2019-12-31 | $231.57M | $45.59M |
| 2018-12-31 | $186.36M | $41.09M |
| 2017-12-31 | $195.57M | $31.94M |
| 2016-12-31 | $169.26M | $20.56M |
Dividend history
- Most recent payment
- 2026-08-20
- Paid in the last twelve months
- $0.34
| Payment date | Dividend per share |
|---|
| 2026-08-20 | $0.09 |
| 2026-05-21 | $0.09 |
| 2026-02-26 | $0.09 |
| 2025-11-13 | $0.09 |
| 2025-08-14 | $0.08 |
| 2025-05-15 | $0.08 |
| 2025-02-27 | $0.08 |
| 2024-11-14 | $0.08 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.53
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.42 |
| 2026-05-06 | - | - |
| 2026-02-11 | - | - |
| 2025-10-29 | - | - |
| 2025-07-30 | - | - |
| 2025-04-30 | - | - |
| 2025-02-13 | - | - |
| 2025-02-12 | - | - |
Filings and sources
- Company website
- cognex.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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