Cognex Corporation (CGNX) vs Vontier Corporation (VNT)

Cognex Corporation and Vontier Corporation are both Scientific & Technical Instruments companies. Cognex Corporation is the larger, with a market value of $9.4B against $4.5B — 2.1× the size. Vontier Corporation trades at the lower P/E: 13.7× against 51.5×. Cognex Corporation grew revenue faster over the last twelve months: 17.2% against 0.88%. Cognex Corporation has the higher net margin (16.1% vs 11.3%) and the lower return on invested capital (12.2% vs 14.3%). Both pay a dividend; Cognex Corporation yields more (0.63% vs 0.30%). Across the 23 metrics below, Cognex Corporation leads on 12 and Vontier Corporation on 11.

Valuation

Metric CGNX VNT Scientific & Technical Instruments median
P/E 51.53 13.72 33.25
P/S 8.32 1.52 4.50
P/B 5.56 3.88 2.90
Price to free cash flow 34.23 12.09 24.81
EV/EBITDA 32.44 8.60 17.92
EV/Sales 7.94 1.95 4.71
Earnings yield 1.94% 7.29% 0.60%
Free cash flow yield 2.92% 8.27% 1.27%

Profitability

Metric CGNX VNT Scientific & Technical Instruments median
Gross margin 68.87% 47.18% 45.75%
Operating margin 21.90% 18.79% 7.34%
Net margin 16.05% 11.34% 1.56%
Free cash flow margin 25.25% 12.55% 5.84%
Return on equity 11.15% 28.90% 2.87%
Return on assets 8.36% 8.28% 0.99%
Return on invested capital 12.16% 14.25% 3.88%

Growth

Metric CGNX VNT Scientific & Technical Instruments median
Revenue growth (TTM) 17.15% 0.88% 11.15%
EPS growth (last fiscal year) 9.68% 0.36% 11.47%
Revenue growth, 5-year CAGR 4.16% 2.60% 7.89%
Net income growth, 5-year CAGR (8.27%) 3.50% 0.00%

Health

Metric CGNX VNT Scientific & Technical Instruments median
Debt to equity 0.00 1.33 0.00
Current ratio 3.93 1.25 2.24
Net debt to EBITDA (1.75) 1.60 0.44

Dividend

Metric CGNX VNT Scientific & Technical Instruments median
Dividend yield 0.63% 0.30% 0.58%
Payout ratio 0.33 0.04 0.36

Size

Metric CGNX VNT Scientific & Technical Instruments median
Market cap 9.37b 4.50b 444.25m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack