A Business at a Glance
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Our Company Founded in 1981, Cognex Corporation (the "Company” or “Cognex”) makes advanced machine vision easy, paving the way for manufacturing and distribution companies to become faster, smarter, and more efficient through automation. We are a global technology leader in industrial machine vision systems that seek to improve efficiency and help solve critical manufacturing and distribution challenges, providing support across a diverse set of industrial end markets. Our solutions blend hardware and software to capture and analyze visual information, aiding the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing and distribution of discrete items, such as mobile phones, automotive components, and consumer goods, by locating, identifying, inspecting, and measuring them.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 994M | 994M | 915M | 838M | 1.0B | 1.0B |
| Net Income | 114M | 114M | 106M | 113M | 216M | 280M |
| EPS | $0.68 | $0.68 | $0.62 | $0.65 | $1.23 | $1.56 |
| Free Cash Flow | 237M | 237M | 134M | 90M | 224M | 299M |
| ROIC | 7.8% | 11.0% | 9.6% | 13.7% | 36.9% | 53.0% |
| Gross Margin | 66.9% | 66.9% | 68.4% | 71.8% | 71.8% | 73.3% |
| Debt/Equity | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.02 |
| Dividends/Share | $0.32 | $0.33 | $0.31 | $0.29 | $0.27 | $0.25 |
| Operating Income | 163M | 163M | 115M | 131M | 246M | 315M |
| Operating Margin | 16.3% | 16.3% | 12.6% | 15.6% | 24.5% | 30.4% |
| ROE | 7.7% | 7.6% | 7.0% | 7.7% | 15.0% | 20.8% |
| Shares Outstanding | 168M | 168M | 171M | 174M | 175M | 179M |
COGNEX CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
COGNEX CORP trades at 81.7x trailing earnings, compared to its 15-year median P/E of 51.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 38.9x vs a median of 40.0x. The company's 5-year average ROIC is 24.9% with a gross margin of 70.4%. Total shareholder yield (dividends + buybacks) is 2.2%. At current prices, the estimated annualized return to fair value is -3.1%.
COGNEX CORP (CGNX) has a current P/E ratio of 81.7, compared to its historical median P/E of 51.3. The stock is currently considered Expensive based on its historical valuation range.
COGNEX CORP (CGNX) has a 5-year average return on invested capital (ROIC) of 24.9%. This indicates strong capital allocation and a potential competitive advantage.
COGNEX CORP (CGNX) has a market capitalization of $9.4B. It is classified as a mid-cap stock.
Yes, COGNEX CORP (CGNX) pays a dividend with a trailing twelve-month yield of 0.58%. The company also returns capital through share buybacks, with a buyback yield of 1.62%.
Based on historical P/E analysis, COGNEX CORP (CGNX) appears expensive. The current P/E of 81.7 is 59% above its historical median of 51.3. The estimated fair value CAGR (P/E method) is -6.1%.
COGNEX CORP (CGNX) operates in the Industrial Instruments For Measurement, Display, And Control industry, within the Technology sector.
COGNEX CORP (CGNX) reported annual revenue of $994 million in its most recent fiscal year, based on SEC EDGAR filings.
COGNEX CORP (CGNX) has a net profit margin of 11.5%. This is a healthy margin.
COGNEX CORP (CGNX) generated $237 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
COGNEX CORP (CGNX) has a debt-to-equity ratio of 0.05. This indicates a conservatively financed balance sheet.
COGNEX CORP (CGNX) reported earnings per share (EPS) of $0.68 in its most recent fiscal year.
COGNEX CORP (CGNX) has a return on equity (ROE) of 7.6%. This indicates moderate shareholder returns.
COGNEX CORP (CGNX) has a 5-year average gross margin of 70.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for COGNEX CORP (CGNX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COGNEX CORP (CGNX) has a book value per share of $8.86, based on its most recent annual SEC filing.
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