Cognex Corporation (CGNX) vs Teledyne Technologies Incorporated (TDY)

Cognex Corporation and Teledyne Technologies Incorporated are both Scientific & Technical Instruments companies. Teledyne Technologies Incorporated is the larger, with a market value of $28.7B against $9.4B — 3.1× the size. Teledyne Technologies Incorporated trades at the lower P/E: 29.9× against 51.5×. Cognex Corporation grew revenue faster over the last twelve months: 17.2% against 7.87%. Cognex Corporation has the higher net margin (16.1% vs 15.3%) and the higher return on invested capital (12.2% vs 6.15%). Across the 22 metrics below, Cognex Corporation leads on 11 and Teledyne Technologies Incorporated on 11.

Valuation

Metric CGNX TDY Scientific & Technical Instruments median
P/E 51.53 29.87 33.25
P/S 8.32 4.49 4.50
P/B 5.56 2.62 2.90
Price to free cash flow 34.23 25.08 24.81
EV/EBITDA 32.44 19.17 17.92
EV/Sales 7.94 4.76 4.71
Earnings yield 1.94% 3.35% 0.60%
Free cash flow yield 2.92% 3.99% 1.27%

Profitability

Metric CGNX TDY Scientific & Technical Instruments median
Gross margin 68.87% 43.34% 45.75%
Operating margin 21.90% 19.45% 7.34%
Net margin 16.05% 15.29% 1.56%
Free cash flow margin 25.25% 17.92% 5.84%
Return on equity 11.15% 9.16% 2.87%
Return on assets 8.36% 6.41% 0.99%
Return on invested capital 12.16% 6.15% 3.88%

Growth

Metric CGNX TDY Scientific & Technical Instruments median
Revenue growth (TTM) 17.15% 7.87% 11.15%
EPS growth (last fiscal year) 9.68% 9.70% 11.47%
Revenue growth, 5-year CAGR 4.16% 14.66% 7.89%
Net income growth, 5-year CAGR (8.27%) 17.36% 0.00%

Health

Metric CGNX TDY Scientific & Technical Instruments median
Debt to equity 0.00 0.19 0.00
Current ratio 3.93 2.18 2.24
Net debt to EBITDA (1.75) 1.43 0.44

Dividend

Metric CGNX TDY Scientific & Technical Instruments median
Dividend yield 0.63% — 0.58%
Payout ratio 0.33 — 0.36

Size

Metric CGNX TDY Scientific & Technical Instruments median
Market cap 9.37b 28.74b 444.25m

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