Cognex Corporation (CGNX) vs Garmin Ltd. (GRMN)
Cognex Corporation and Garmin Ltd. are both Scientific & Technical Instruments companies. Garmin Ltd. is the larger, with a market value of $57.3B against $9.8B — 5.8× the size. Garmin Ltd. trades at the lower P/E: 30.2× against 55.9×. Cognex Corporation grew revenue faster over the last twelve months: 17.2% against 13.5%. Garmin Ltd. has the higher net margin (24.5% vs 16.1%) and the higher return on invested capital (20.8% vs 12.2%). Both pay a dividend; Garmin Ltd. yields more (2.42% vs 0.82%). Across the 22 metrics below, Garmin Ltd. leads on 16 and Cognex Corporation on 6.
Valuation
Profitability
| Metric | CGNX | GRMN | Scientific & Technical Instruments median |
|---|---|---|---|
| Gross margin | 68.87% | 60.08% | 45.75% |
| Operating margin | 21.90% | 27.61% | 7.34% |
| Net margin | 16.05% | 24.47% | 1.56% |
| Free cash flow margin | 25.25% | 20.85% | 5.84% |
| Return on equity | 11.15% | 21.89% | 2.87% |
| Return on assets | 8.36% | 17.26% | 0.99% |
| Return on invested capital | 12.16% | 20.81% | 3.88% |
Growth
Health
Dividend
Size
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