Cognex Corporation (CGNX) vs Coherent Corp. (COHR)
Cognex Corporation and Coherent Corp. are both Scientific & Technical Instruments companies. Coherent Corp. is the larger, with a market value of $58.5B against $9.8B — 6.0× the size. Cognex Corporation trades at the lower P/E: 55.9× against 68.0×. Coherent Corp. grew revenue faster over the last twelve months: 22.5% against 17.2%. Cognex Corporation has the higher net margin (16.1% vs 10.8%) and the higher return on invested capital (12.2% vs 4.21%). Both pay a dividend; Cognex Corporation yields more (0.82% vs 0.10%). Across the 22 metrics below, Cognex Corporation leads on 15 and Coherent Corp. on 7.
Valuation
Profitability
| Metric | CGNX | COHR | Scientific & Technical Instruments median |
|---|---|---|---|
| Gross margin | 68.87% | 37.50% | 45.75% |
| Operating margin | 21.90% | 11.77% | 7.34% |
| Net margin | 16.05% | 10.82% | 1.56% |
| Free cash flow margin | 25.25% | (14.38%) | 5.84% |
| Return on equity | 11.15% | 8.93% | 2.87% |
| Return on assets | 8.36% | 4.64% | 0.99% |
| Return on invested capital | 12.16% | 4.21% | 3.88% |
Growth
Health
Dividend
Size
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