Saturday 17 October 2026 Export CGNX’s income statement to Excel — free account

Cognex Corporation

CGNX Technology Scientific & Technical Instruments

Cognex Corporation’s revenue for fiscal 2025 (year ended December 2025) was $994.4 million, up 8.73% from fiscal 2024. In the quarter to June 2026, revenue grew 16.9%, EPS grew 79.2% and free cash flow grew 67.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

54.11 1.56 −2.80%

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Market cap: $9.4B
P/E: 51.5×
Fwd P/E: 42.7×
Dividend yield: 0.63%
F-score: 8/9
Altman Z: 8.26
Beneish M: −2.78
Dividend safety: 84/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 34.77

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	6	1	—	3	—	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 9,370.00

Revenue 1,088.93

Net Income 174.79

Free Cash Flow 275.00

Net Debt (404.37)

Current Ratio 3.93

Debt/Equity 0.00

P/E ratio 51.53

Fwd P/E 42.70

P/S ratio 8.32

P/B ratio 5.56

Past 5Y EPS Growth (7.42%)

This Y EPS Growth 65.02%

Next Y EPS Growth 17.87%

Next Y revenue growth 15.25%

Next 5Y EPS Growth 30.58%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 58.64%

10-year low 10-year high

P/S against its own 10 years 30.26%

10-year low 10-year high

P/B against its own 10 years 34.06%

10-year low 10-year high

EV/Sales against its own 10 years 31.22%

10-year low 10-year high

EV/FCF against its own 10 years 16.62%

10-year low 10-year high

Dividends

Payout Ratio 0.33

Annual Dividend Rate 0.34

Annual Dividend Yield 0.63%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.34	0.09 0.09 0.09
2025	0.33	0.08 0.08 0.08 0.09
2024	0.31	0.08 0.08 0.08 0.08
2023	0.29	0.07 0.07 0.07 0.08
2022	0.27	0.07 0.07 0.07 0.07
2021	0.25	0.06 0.06 0.06 0.07
2020	0.23	0.06 0.06 0.06 0.06 2.00
2019	0.21	0.05 0.05 0.05 0.06
2018	0.19	0.05 0.05 0.05 0.05
2017	0.17	0.04 0.04 0.04 0.05
2016	0.15	0.04 0.04 0.04 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	332	246	337	404
Receivables	114	143	147	216
Inventory	162	158	138	143
Other	2	3	17	13
	679	613	697	850

	2023	2024	2025	Q'26
Payables	21	38	50	65
ST’ Debt	—	—	—	—
Other	—	—	—	—
	152	169	184	216

Compound Annual Growth %

	10y	5y	3y
Sales	8.24%	4.16%	(0.39%)
Cash Flow	6.70%	0.26%	0.29%
Earnings	(4.80%)	(8.27%)	(19.02%)
Book Value	6.09%	3.40%	1.22%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	268	291	—	—	—
’25	216	249	277	252	994
’24	211	239	235	230	915
’23	201	243	197	197	838
’22	282	275	210	239	1,006
’21	239	269	285	244	1,037
’20	167	169	251	224	811

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	45	69	—	—	—
’25	41	43	87	75	246
’24	14	28	56	51	149
’23	28	30	41	14	113
’22	50	44	84	66	243
’21	99	96	64	55	314
’20	62	14	83	83	242

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	42	68	—	—	—
’25	38	40	86	79	243
’24	10	23	52	49	134
’23	22	25	35	7	90
’22	45	37	79	62	224
’21	96	92	60	50	299
’20	59	10	80	79	229

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.31	0.43	—	—	—
’25	0.14	0.24	0.10	0.19	0.68
’24	0.07	0.21	0.17	0.16	0.62
’23	0.15	0.33	0.11	0.07	0.65
’22	0.38	0.34	0.19	0.32	1.23
’21	0.39	0.43	0.44	0.30	1.56
’20	0.12	(0.01)	0.49	0.39	1.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	14.01	31.18	34.88	35.60	35.20	72.85	40.21	34.28	34.79	22.67	Analyst estimates 2026–2028 Powerpack
	High	32.98	72.99	70.00	57.31	83.10	101.82	80.30	59.51	53.13	49.76
People
People	Employees	1,421	1,771	2,124	2,267	2,055	2,257	2,441	2,992	2,914	2,745
	Revenue/emp, $m	0.37	0.43	0.38	0.32	0.39	0.46	0.41	0.28	0.31	0.36
Income, $m
Income, $m	Revenue	530	766	806	726	811	1,037	1,006	838	915	994
	Gross margin, %	75.25	75.55	74.45	73.85	74.55	73.26	71.75	71.79	68.43	66.92
	EBT	162	266	235	163	187	319	251	135	131	183
	EBT margin, %	30.61	34.78	29.09	22.46	23.05	30.75	24.92	16.16	14.38	18.38
	Net income	144	177	219	204	176	280	216	113	106	114
	Depreciation	15	17	22	24	28	25	25	24	33	30
Per share, $
Per share, $	Revenue	3.10	4.42	4.68	4.24	4.67	5.88	5.80	4.86	5.33	5.92
	Earnings	0.88	1.02	1.27	1.19	1.02	1.59	1.24	0.66	0.62	0.68
	Cash flow	1.07	1.29	1.30	1.48	1.40	1.78	1.40	0.66	0.87	1.46
	Capex	(0.08)	(0.17)	(0.22)	(0.13)	(0.08)	(0.09)	(0.11)	(0.13)	(0.09)	(0.01)
	Free cash flow	0.99	1.13	1.08	1.35	1.32	1.69	1.29	0.52	0.78	1.45
	Book value	5.64	6.32	6.59	7.92	7.28	8.10	8.29	8.74	8.85	8.88
	Shares, m	171	173	172	171	173	176	173	172	171	168
Valuation, ×
Valuation, ×	P/E	35.95	60.18	30.45	47.49	79.23	48.91	38.34	61.12	57.84	52.14
	P/S	10.20	13.88	8.26	13.22	17.18	13.23	8.26	8.30	6.72	6.08
	P/B	5.61	9.71	5.87	7.08	11.04	9.60	5.78	4.62	4.05	4.05
	EV/Sales	9.40	13.36	7.60	12.65	16.72	12.92	7.86	7.90	6.45	5.74
	EV/FCF	31.36	55.28	34.84	41.53	62.01	46.50	37.09	83.37	47.76	24.50
Cash, $m
Cash, $m	Operating cash flow	182	224	223	253	242	314	243	113	149	246
	Capex	(13)	(29)	(37)	(22)	(13)	(15)	(20)	(23)	(15)	(2)
	Free cash flow	169	196	186	232	229	299	224	90	134	243
Balance, $m
Balance, $m	Working capital	461	517	689	487	469	451	530	527	444	514
	Total debt	—	—	—	18	26	26	39	—	—	—
	Net debt	(421)	(405)	(536)	(412)	(372)	(324)	(400)	(332)	(246)	(337)
	Shareholders’ equity	963	1,096	1,135	1,356	1,262	1,430	1,438	1,505	1,518	1,492
Returns, %
Returns, %	ROA	14.92	15.19	17.01	12.84	9.56	14.71	10.88	5.70	5.29	5.71
	ROIC	17.77	23.41	23.05	9.44	11.98	17.80	14.82	6.97	5.66	8.80
	ROE	16.07	17.17	19.66	16.37	13.46	20.79	15.03	7.69	7.03	7.61

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FTV Fortive Corporation	$17.5B	33.6×	30.8×	+7.91% (above 0%: growing)	+6.12% (above 0%: growing)	−9.82% (below 0%: shrinking)	63.39%	19.14%	Compare
MKSI MKS Inc.	$15.5B	32.9×	37.4×	+28.26% (above 0%: growing)	+181.52% (above 0%: growing)	+38.97% (above 0%: growing)	47.68%	20.11%	Compare
TRMB Trimble Inc.	$14.2B	— (loss-making)	24.1×	+11.00% (above 0%: growing)	n/m	+492.59% (above 0%: growing)	69.43%	13.58%	Compare
CGNX Cognex Corporation	$9.4B	51.5×	42.7×	+16.93% (above 0%: growing)	+79.17% (above 0%: growing)	+67.25% (above 0%: growing)	70.65%	29.36%
ESE ESCO Technologies Inc.	$7.8B	20.5×	46.9×	+14.40% (above 0%: growing)	+24.75% (above 0%: growing)	−22.12% (below 0%: shrinking)	41.74%	14.80%	Compare
ST Sensata Technologies Holding N.V.	$6.0B	66.5×	16.9×	+5.00% (above 0%: growing)	+70.73% (above 0%: growing)	+61.39% (above 0%: growing)	30.47%	16.70%	Compare
NOVT Novanta Inc.	$5.1B	81.0×	62.9×	+10.27% (above 0%: growing)	+158.33% (above 0%: growing)	+391.84% (above 0%: growing)	45.49%	6.79%	Compare
VNT Vontier Corporation	$4.5B	13.7×	8.6×	−2.17% (below 0%: shrinking)	−67.74% (below 0%: shrinking)	+13.79% (above 0%: growing)	48.24%	19.39%	Compare
ITRI Itron, Inc.	$3.7B	13.6×	15.4×	−7.23% (below 0%: shrinking)	−19.33% (below 0%: shrinking)	−10.13% (below 0%: shrinking)	40.97%	13.51%	Compare
Median of peers	$6.9B	32.9×	27.5×	+9.09%	+24.75%	+26.38%	46.59%	15.75%

All 34 Scientific & Technical Instruments stocks →

Cognex Corporation (CGNX) key facts

Strength: Cognex Corporation’s revenue for fiscal 2025 (year ended December 2025) was $994.4 million, up 8.73% from fiscal 2024.
Cognex Corporation (CGNX) is a Scientific & Technical Instruments company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, CGNX traded at $54.11, a market capitalization of $9.4 billion.
Cognex Corporation pays an annual dividend of $0.34 per share, a yield of 0.63%, with a payout ratio of 33.0%.
Return on equity was 7.61% and debt-to-equity 0.00.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 8.26 (safe zone) for fiscal 2025.