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) Operating margin

Alert me on Operating margin

Cognex Corporation's operating margin over the twelve months to 30 June 2026 was 21.9%, up 5.6 percentage points from fiscal 2025 (16.4%). Over the past ten years it has ranged from 12.6% (fiscal 2024) to 33.8% (fiscal 2017); the current reading is higher than 27% of that period. That is above the Scientific & Technical Instruments industry median of 8.96% and above the Technology sector median of 0.31%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 16.4% 3.77
FY2024 12.6% (3.03)
FY2023 15.6% (8.86)
FY2022 24.5% (5.91)
FY2021 30.4% 9.35
FY2020 21.0% 1.38
FY2019 19.7% (7.78)
FY2018 27.4% (6.36)
FY2017 33.8% 4.69
FY2016 29.1% 2.13

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 29.4% 7.06
Mar 2026 22.3% 8.32
Dec 2025 14.0% (6.88)
Sep 2025 20.9% 3.42
42 more quarters

Against its own ten years

Low 12.6% High 33.8%
Ten-year median 24.5%
Current reading's percentile 45

Operating margin against peers

Company Operating margin
CGNX Cognex Corporation 21.9%
FTV Fortive Corporation compare 19.6%
VNT Vontier Corporation compare 18.8%
BMI Badger Meter, Inc. compare 18.8%
TRMB Trimble Inc. compare 17.0%
MKSI MKS Inc. compare 15.7%
ESE ESCO Technologies Inc. compare 15.7%
ST Sensata Technologies Holding N.V. compare 15.1%
NOVT Novanta Inc. compare 8.96%
Scientific & Technical Instruments industry median 8.96%
Technology sector median 0.31%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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