Cognex Corporation (CGNX) vs Novanta Inc. (NOVT)
Cognex Corporation and Novanta Inc. are both Scientific & Technical Instruments companies. Cognex Corporation is the larger, with a market value of $9.8B against $5.4B — 1.8× the size. Cognex Corporation trades at the lower P/E: 55.9× against 90.6×. Cognex Corporation grew revenue faster over the last twelve months: 17.2% against 7.61%. Cognex Corporation has the higher net margin (16.1% vs 6.00%) and the higher return on invested capital (12.2% vs 5.12%). Across the 22 metrics below, Cognex Corporation leads on 15 and Novanta Inc. on 7.
Valuation
Profitability
| Metric | CGNX | NOVT | Scientific & Technical Instruments median |
|---|---|---|---|
| Gross margin | 68.87% | 44.54% | 45.75% |
| Operating margin | 21.90% | 8.96% | 7.34% |
| Net margin | 16.05% | 6.00% | 1.56% |
| Free cash flow margin | 25.25% | 10.59% | 5.84% |
| Return on equity | 11.15% | 5.11% | 2.87% |
| Return on assets | 8.36% | 3.38% | 0.99% |
| Return on invested capital | 12.16% | 5.12% | 3.88% |
Growth
Health
Dividend
Size
Any metric, up to five companies and an Excel export Powerpack