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.

Revenue
+16.9%
EPS
+79.2%
Free cash flow
+67.3%

Quarter to June 2026, against a year earlier

52.63 5.48 −9.43%
Market cap
$9.8B
P/E
55.4×
Fwd P/E
34.5×
Dividend yield
0.58%
F-score
8/9
Altman Z
8.26
Beneish M
−2.78
Dividend safety
84/100

Cognex Corporation (CGNX) Free cash flow margin

Alert me on Free cash flow margin

Cognex Corporation's free cash flow margin over the twelve months to 30 June 2026 was 25.3%, up 0.8 percentage points from fiscal 2025 (24.5%). Over the past ten years it has ranged from 10.7% (fiscal 2023) to 32.0% (fiscal 2016); the current reading is higher than 55% of that period. That is above the Scientific & Technical Instruments industry median of 10.5% and above the Technology sector median of 1.27%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 24.5% 9.83
FY2024 14.7% 3.93
FY2023 10.7% (11.51)
FY2022 22.2% (6.55)
FY2021 28.8% 0.54
FY2020 28.3% (3.66)
FY2019 31.9% 8.80
FY2018 23.1% (2.42)
FY2017 25.5% (6.44)
FY2016 32.0% 9.86

Against its own ten years

Low 10.7% High 32.0%
Ten-year median 24.5%
Current reading's percentile 55

Free cash flow margin against peers

Company Free cash flow margin
CGNX Cognex Corporation 25.3%
FTV Fortive Corporation compare 24.7%
TRMB Trimble Inc. compare 20.4%
ST Sensata Technologies Holding N.V. compare 16.7%
BMI Badger Meter, Inc. compare 16.2%
ESE ESCO Technologies Inc. compare 15.2%
VNT Vontier Corporation compare 12.6%
NOVT Novanta Inc. compare 10.6%
MKSI MKS Inc. compare 10.5%
Scientific & Technical Instruments industry median 10.5%
Technology sector median 1.27%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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