This page shows Cognex Corp (CGNX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cognex Corp has an operating margin of 16.4%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 59/100, indicating healthy but not exceptional operating efficiency. This is up from 12.6% the prior year.
Cognex Corp's revenue grew 8.7% year-over-year to $994.4M, a solid pace of expansion. This earns a growth score of 48/100.
Cognex Corp carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.80, Cognex Corp holds $3.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.
Cognex Corp converts 23.8% of revenue into free cash flow ($236.8M). This strong cash generation earns a score of 85/100.
Cognex Corp generates a 7.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is up from 7.0% the prior year.
Cognex Corp scores 10.70, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.2B) relative to total liabilities ($524.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Cognex Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Cognex Corp generates $2.15 in operating cash flow ($245.5M OCF vs $114.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Cognex Corp generated $994.4M in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.
Cognex Corp's EBITDA was $193.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.9% from the prior year.
Cognex Corp reported $114.4M in net income in fiscal year 2025. This represents an increase of 7.8% from the prior year.
Cognex Corp earned $0.68 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.7% from the prior year.
Cash & Balance Sheet
Cognex Corp generated $236.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 76.6% from the prior year.
Cognex Corp held $262.9M in cash against $0 in long-term debt as of fiscal year 2025.
Cognex Corp paid $0.33 per share in dividends in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Cognex Corp had 166M shares outstanding in fiscal year 2025. This represents a decrease of 2.4% from the prior year.
Margins & Returns
Cognex Corp's gross margin was 66.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.
Cognex Corp's operating margin was 16.4% in fiscal year 2025, reflecting core business profitability. This is up 3.8 percentage points from the prior year.
Cognex Corp's net profit margin was 11.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.
Cognex Corp's ROE was 7.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Capital Allocation
Cognex Corp invested $139.0M in research and development in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Cognex Corp spent $151.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 125.4% from the prior year.
Cognex Corp invested $8.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 41.9% from the prior year.
CGNX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $252.3M-8.9% | $276.9M+11.2% | $249.1M+15.3% | $216.0M-5.9% | $229.7M-2.2% | $234.7M-1.9% | $239.3M+13.5% | $210.8M |
| Cost of Revenue | $86.4M-3.5% | $89.6M+10.3% | $81.2M+13.3% | $71.7M-0.2% | $71.8M-4.7% | $75.3M+3.6% | $72.7M+5.6% | $68.9M |
| Gross Profit | $165.9M-11.4% | $187.3M+11.6% | $167.9M+16.3% | $144.3M-8.6% | $157.9M-1.0% | $159.4M-4.3% | $166.6M+17.4% | $141.9M |
| R&D Expenses | $36.1M+2.8% | $35.1M+6.0% | $33.1M-4.7% | $34.7M+6.7% | $32.5M-7.6% | $35.2M+0.7% | $35.0M-5.8% | $37.1M |
| SG&A Expenses | $94.6M+0.1% | $94.4M+3.4% | $91.3M+9.4% | $83.5M-11.6% | $94.5M+2.0% | $92.6M-0.6% | $93.2M+2.8% | $90.6M |
| Operating Income | $35.3M-38.9% | $57.8M+33.0% | $43.4M+66.5% | $26.1M-15.4% | $30.8M-2.3% | $31.6M-17.9% | $38.5M+170.7% | $14.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $11.4M-74.7% | $45.2M+498.6% | $7.6M+80.0% | $4.2M-43.7% | $7.5M+7.0% | $7.0M+30.0% | $5.4M-3.4% | $5.5M |
| Net Income | $32.7M+84.9% | $17.7M-56.4% | $40.5M+71.6% | $23.6M-16.7% | $28.3M-4.2% | $29.6M-18.3% | $36.2M+201.2% | $12.0M |
| EPS (Diluted) | N/A | $0.10-58.3% | $0.24+71.4% | $0.14 | N/A | $0.17-19.0% | $0.21+200.0% | $0.07 |
CGNX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B+0.7% | $2.0B0.0% | $2.0B+3.7% | $1.9B-3.0% | $2.0B-3.4% | $2.1B+3.0% | $2.0B-0.5% | $2.0B |
| Current Assets | $697.2M+3.9% | $670.9M+7.2% | $625.7M+8.3% | $577.7M-5.8% | $613.4M-8.7% | $672.1M-1.3% | $681.0M+2.9% | $661.5M |
| Cash & Equivalents | $262.9M+6.9% | $245.9M+37.1% | $179.3M+24.7% | $143.7M-22.8% | $186.1M-5.6% | $197.1M+11.6% | $176.6M+27.2% | $138.9M |
| Inventory | $137.9M-4.0% | $143.7M-0.6% | $144.6M-5.0% | $152.1M-3.4% | $157.5M+1.4% | $155.3M-1.3% | $157.3M-8.0% | $170.9M |
| Accounts Receivable | $146.7M-5.1% | $154.6M-15.9% | $183.9M+14.1% | $161.2M+12.4% | $143.4M-9.2% | $158.0M-0.8% | $159.3M+15.0% | $138.6M |
| Goodwill | $386.3M-1.5% | $392.1M-1.3% | $397.4M+1.9% | $389.9M+1.3% | $384.9M-1.7% | $391.7M+2.8% | $381.0M-1.3% | $386.2M |
| Total Liabilities | $524.7M+2.2% | $513.1M+3.1% | $497.5M+2.2% | $486.9M+2.4% | $475.3M-4.2% | $496.2M-0.2% | $497.4M-5.1% | $524.0M |
| Current Liabilities | $183.6M+8.4% | $169.3M-11.1% | $190.4M+3.5% | $184.0M+8.6% | $169.4M-0.8% | $170.7M+1.2% | $168.8M-10.3% | $188.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.5B+0.2% | $1.5B-1.1% | $1.5B+4.2% | $1.4B-4.7% | $1.5B-3.2% | $1.6B+4.0% | $1.5B+1.2% | $1.5B |
| Retained Earnings | $406.4M-1.5% | $412.3M-4.8% | $433.0M+6.7% | $405.9M-18.7% | $499.3M-5.4% | $527.9M+2.5% | $515.1M+2.5% | $502.3M |
CGNX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $74.9M-14.4% | $87.5M+105.2% | $42.6M+5.2% | $40.5M-21.2% | $51.4M-8.6% | $56.3M+102.7% | $27.8M+103.5% | $13.6M |
| Capital Expenditures | $2.6M+78.8% | $1.5M-33.8% | $2.2M-12.3% | $2.5M+20.6% | $2.1M-52.9% | $4.4M-2.5% | $4.5M+11.1% | $4.1M |
| Free Cash Flow | $72.3M-16.0% | $86.0M+112.8% | $40.4M+6.4% | $38.0M-23.0% | $49.3M-4.9% | $51.9M+123.1% | $23.3M+142.7% | $9.6M |
| Investing Cash Flow | -$19.6M-206.0% | $18.5M+566.5% | -$4.0M-112.0% | $33.1M+1387.1% | $2.2M+108.1% | -$27.4M-177.8% | $35.2M+171.9% | -$49.0M |
| Financing Cash Flow | -$37.5M+0.2% | -$37.6M-183.4% | -$13.3M+88.8% | -$118.4M-112.3% | -$55.8M-267.8% | -$15.2M+32.4% | -$22.4M+10.6% | -$25.1M |
| Dividends Paid | $14.2M+5.7% | $13.4M+0.1% | $13.4M-0.9% | $13.6M-1.2% | $13.7M+6.6% | $12.9M0.0% | $12.9M-0.2% | $12.9M |
| Share Buybacks | $25.0M+4.2% | $24.0M | $0-100.0% | $102.2M+136.4% | $43.2M+991.5% | $4.0M-62.4% | $10.5M+12.9% | $9.3M |
CGNX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.8%-1.9pp | 67.6%+0.2pp | 67.4%+0.6pp | 66.8%-1.9pp | 68.7%+0.8pp | 67.9%-1.7pp | 69.6%+2.3pp | 67.3% |
| Operating Margin | 14.0%-6.9pp | 20.9%+3.4pp | 17.4%+5.4pp | 12.1%-1.3pp | 13.4%-0.0pp | 13.5%-2.6pp | 16.1%+9.3pp | 6.7% |
| Net Margin | 12.9%+6.6pp | 6.4%-9.9pp | 16.3%+5.3pp | 10.9%-1.4pp | 12.3%-0.3pp | 12.6%-2.5pp | 15.1%+9.4pp | 5.7% |
| Return on Equity | 2.2%+1.0pp | 1.2%-1.5pp | 2.7%+1.1pp | 1.6%-0.2pp | 1.9%-0.0pp | 1.9%-0.5pp | 2.4%+1.6pp | 0.8% |
| Return on Assets | 1.6%+0.7pp | 0.9%-1.1pp | 2.0%+0.8pp | 1.2%-0.2pp | 1.4%0.0pp | 1.4%-0.4pp | 1.8%+1.2pp | 0.6% |
| Current Ratio | 3.80-0.2 | 3.96+0.7 | 3.29+0.1 | 3.14-0.5 | 3.62-0.3 | 3.94-0.1 | 4.03+0.5 | 3.52 |
| Debt-to-Equity | 0.350.0 | 0.34+0.0 | 0.330.0 | 0.34+0.0 | 0.310.0 | 0.32-0.0 | 0.33-0.0 | 0.35 |
| FCF Margin | 28.6%-2.4pp | 31.1%+14.8pp | 16.2%-1.4pp | 17.6%-3.9pp | 21.5%-0.6pp | 22.1%+12.4pp | 9.7%+5.2pp | 4.5% |
Similar Companies
Frequently Asked Questions
What is Cognex Corp's annual revenue?
Cognex Corp (CGNX) reported $994.4M in total revenue for fiscal year 2025. This represents a 8.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cognex Corp's revenue growing?
Cognex Corp (CGNX) revenue grew by 8.7% year-over-year, from $914.5M to $994.4M in fiscal year 2025.
Is Cognex Corp profitable?
Yes, Cognex Corp (CGNX) reported a net income of $114.4M in fiscal year 2025, with a net profit margin of 11.5%.
What is Cognex Corp's EBITDA?
Cognex Corp (CGNX) had EBITDA of $193.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cognex Corp's gross margin?
Cognex Corp (CGNX) had a gross margin of 66.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cognex Corp's operating margin?
Cognex Corp (CGNX) had an operating margin of 16.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cognex Corp's net profit margin?
Cognex Corp (CGNX) had a net profit margin of 11.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Cognex Corp pay dividends?
Yes, Cognex Corp (CGNX) paid $0.33 per share in dividends during fiscal year 2025.
What is Cognex Corp's return on equity (ROE)?
Cognex Corp (CGNX) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cognex Corp's free cash flow?
Cognex Corp (CGNX) generated $236.8M in free cash flow during fiscal year 2025. This represents a 76.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cognex Corp's operating cash flow?
Cognex Corp (CGNX) generated $245.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cognex Corp's total assets?
Cognex Corp (CGNX) had $2.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cognex Corp's capital expenditures?
Cognex Corp (CGNX) invested $8.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Cognex Corp spend on research and development?
Cognex Corp (CGNX) invested $139.0M in research and development during fiscal year 2025.
What is Cognex Corp's current ratio?
Cognex Corp (CGNX) had a current ratio of 3.80 as of fiscal year 2025, which is generally considered healthy.
What is Cognex Corp's debt-to-equity ratio?
Cognex Corp (CGNX) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cognex Corp's return on assets (ROA)?
Cognex Corp (CGNX) had a return on assets of 5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cognex Corp's Altman Z-Score?
Cognex Corp (CGNX) has an Altman Z-Score of 10.70, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cognex Corp's Piotroski F-Score?
Cognex Corp (CGNX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cognex Corp's earnings high quality?
Cognex Corp (CGNX) has an earnings quality ratio of 2.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cognex Corp?
Cognex Corp (CGNX) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.