Cognex (CGNX) Financials

$24.99 +0.82 (+3.39%)

Closing price 04/23/2025 03:59 PM Eastern

Extended Trading

$24.93 -0.06 (-0.24%)

As of 04/23/2025 07:59 PM Eastern

Annual Income Statements for Cognex

This table shows Cognex's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	187	144	177	219	204	176	280	216	113	106
Consolidated Net Income / (Loss)	187	144	177	219	204	176	280	216	113	106
Net Income / (Loss) Continuing Operations	108	144	177	219	204	176	280	216	113	106
Total Pre-Tax Income	127	162	266	235	163	187	319	251	135	131
Total Operating Income	122	154	259	221	143	171	315	246	131	115
Total Gross Profit	348	398	579	600	536	605	760	722	601	626
Total Revenue	451	530	766	806	726	811	1,037	1,006	838	915
Operating Revenue	451	530	766	806	726	811	1,037	1,006	838	915
Total Cost of Revenue	103	131	187	206	190	206	277	284	236	289
Operating Cost of Revenue	103	131	187	206	190	206	277	284	236	289
Total Operating Expenses	226	244	320	379	393	434	445	476	471	511
Selling, General & Admin Expense	157	166	221	263	274	268	309	312	339	371
Research & Development Expense	70	78	99	116	119	131	135	141	139	140
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	21	-8.00	0.00
Restructuring Charge	-	-	-	0.00	0.00	16	0.00	1.66	0.00	0.00
Total Other Income / (Expense), net	5.44	8.01	7.60	13	20	16	3.80	4.47	4.65	16
Interest & Investment Income	3.67	7.04	9.54	15	20	13	6.66	6.72	14	14
Other Income / (Expense), net	1.77	0.97	-1.94	-1.28	0.70	3.39	-2.86	-2.25	-9.45	2.45
Income Tax Expense	19	18	90	15	-41	11	39	35	22	25
Basic Earnings per Share	$1.08	$0.84	$1.02	$1.27	$1.19	$1.02	$1.59	$1.24	$0.66	$0.62
Weighted Average Basic Shares Outstanding	172.59M	170.68M	173.29M	172.33M	171.19M	173.49M	176.46M	173.41M	172.25M	171.44M
Diluted Earnings per Share	$1.06	$0.83	$0.98	$1.24	$1.16	$1.00	$1.56	$1.23	$0.65	$0.62
Weighted Average Diluted Shares Outstanding	175.98M	174.14M	179.55M	177.41M	175.27M	176.59M	179.92M	174.87M	173.40M	172.61M
Weighted Average Basic & Diluted Shares Outstanding	86.20M	170M	173.20M	172.70M	172.61M	352.06M	347.83M	345.07M	343.27M	169.87M
Cash Dividends to Common per Share	$0.11	$0.15	$0.17	$0.19	$0.21	$2.23	$0.25	$0.27	$0.29	$0.31

This table shows Cognex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	34	55	26	57	19	11	12	36	30	28
Consolidated Net Income / (Loss)	34	55	26	57	19	11	12	36	30	28
Net Income / (Loss) Continuing Operations	34	55	26	57	19	11	12	36	30	28
Total Pre-Tax Income	39	59	26	68	27	14	18	42	37	36
Total Operating Income	40	54	22	65	31	13	14	38	32	31
Total Gross Profit	152	170	144	180	143	135	142	167	159	158
Total Revenue	210	239	201	243	197	197	211	239	235	230
Operating Revenue	210	239	201	243	197	197	211	239	235	230
Total Cost of Revenue	57	70	57	63	54	62	69	73	75	72
Operating Cost of Revenue	57	70	57	63	54	62	69	73	75	72
Total Operating Expenses	112	115	122	115	112	122	128	128	128	127
Selling, General & Admin Expense	75	76	83	83	82	90	91	93	93	94
Research & Development Expense	34	37	39	34	33	35	37	35	35	33
Total Other Income / (Expense), net	-0.68	4.89	4.05	2.60	-3.64	1.63	3.36	3.11	4.99	4.96
Interest & Investment Income	1.42	2.33	3.59	4.10	4.89	1.52	3.12	3.12	3.56	4.17
Other Income / (Expense), net	-2.09	2.57	0.47	-1.49	-8.53	0.11	0.24	-0.01	1.43	0.79
Income Tax Expense	5.37	3.92	0.60	10	8.09	3.13	5.54	5.36	6.96	7.45
Basic Earnings per Share	$0.20	$0.31	$0.15	$0.33	$0.11	$0.07	$0.07	$0.21	$0.17	$0.17
Weighted Average Basic Shares Outstanding	173.26M	173.41M	172.62M	172.43M	172.17M	172.25M	171.69M	171.57M	171.52M	171.44M
Diluted Earnings per Share	$0.19	$0.32	$0.15	$0.33	$0.11	$0.06	$0.07	$0.21	$0.17	$0.17
Weighted Average Diluted Shares Outstanding	174.33M	174.87M	173.90M	173.62M	173.35M	173.40M	172.59M	172.73M	172.75M	172.61M
Weighted Average Basic & Diluted Shares Outstanding	172.93M	345.07M	172.60M	172.29M	172.14M	343.27M	171.66M	171.50M	171.52M	169.87M
Cash Dividends to Common per Share	$0.07	$0.07	$0.07	$0.07	$0.07	$0.08	$0.08	$0.08	$0.08	$0.08

This table details how cash moves in and out of Cognex's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-3.72	28	27	2.72	63	98	-83	-4.79	21	-17
Net Cash From Operating Activities	128	182	224	223	253	242	314	243	113	149
Net Cash From Continuing Operating Activities	128	182	224	223	253	242	314	243	113	149
Net Income / (Loss) Continuing Operations	187	144	177	219	204	176	280	216	113	106
Consolidated Net Income / (Loss)	187	144	177	219	204	176	280	216	113	106
Depreciation Expense	9.87	12	14	18	22	22	17	16	17	21
Amortization Expense	4.94	3.77	3.51	3.18	2.76	5.64	8.55	8.24	6.36	12
Non-Cash Adjustments To Reconcile Net Income	-58	19	32	43	57	72	48	106	63	49
Changes in Operating Assets and Liabilities, net	-15	3.63	-1.17	-60	-32	-34	-39	-103	-87	-39
Net Cash From Investing Activities	-11	-122	-106	-11	-157	169	-253	-4.45	32	-39
Net Cash From Continuing Investing Activities	-11	-122	-106	-11	-157	169	-253	-4.45	32	-39
Purchase of Property, Plant & Equipment	-18	-13	-29	-37	-22	-13	-15	-20	-23	-15
Acquisitions	-11	-14	-24	-4.27	-167	1.00	0.00	-5.05	-257	-1.44
Purchase of Investments	-687	-752	-637	-782	-1,032	-923	-668	-234	-184	-851
Sale and/or Maturity of Investments	601	657	584	813	1,063	1,105	431	254	496	828
Net Cash From Financing Activities	-117	-29	-100	-210	-32	-317	-142	-240	-126	-118
Net Cash From Continuing Financing Activities	-117	-29	-100	-210	-32	-317	-142	-240	-126	-118
Repurchase of Common Equity	-126	-47	-124	-204	-62	-51	-162	-204	-80	-67
Payment of Dividends	-18	-25	-29	-32	-35	-391	-43	-46	-49	-52
Issuance of Common Equity	28	43	55	27	65	126	63	9.86	3.27	0.99
Effect of Exchange Rate Changes	-4.67	-3.35	8.29	-	-0.52	2.67	-2.82	-3.37	1.70	-8.25

This table details how cash moves in and out of Cognex's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	89	-85	-17	13	218	-193	-64	38	20	-11
Net Cash From Operating Activities	84	66	28	30	41	14	14	28	56	51
Net Cash From Continuing Operating Activities	84	66	28	30	41	14	14	28	56	51
Net Income / (Loss) Continuing Operations	34	55	26	57	19	11	12	36	30	28
Consolidated Net Income / (Loss)	34	55	26	57	19	11	12	36	30	28
Depreciation Expense	4.06	4.17	3.99	4.19	4.38	4.71	5.28	5.19	5.43	5.37
Amortization Expense	2.07	1.80	1.64	1.24	0.89	2.58	3.12	2.98	3.26	2.36
Non-Cash Adjustments To Reconcile Net Income	16	14	17	13	14	19	15	15	13	6.49
Changes in Operating Assets and Liabilities, net	27	-9.14	-21	-46	2.94	-23	-21	-31	4.49	8.84
Net Cash From Investing Activities	47	-127	-5.79	17	200	-179	-49	35	-27	2.23
Net Cash From Continuing Investing Activities	47	-127	-5.79	17	200	-179	-49	35	-27	2.23
Purchase of Property, Plant & Equipment	-4.35	-4.06	-5.51	-4.70	-5.86	-7.02	-4.06	-4.51	-4.40	-2.07
Purchase of Investments	-	-156	-46	-48	-80	-9.73	-234	-36	-379	-202
Sale and/or Maturity of Investments	51	38	46	70	286	94	190	76	356	206
Net Cash From Financing Activities	-36	-32	-39	-31	-22	-33	-25	-22	-15	-56
Net Cash From Continuing Financing Activities	-36	-32	-39	-31	-22	-33	-25	-22	-15	-56
Repurchase of Common Equity	-24	-26	-24	-25	-10	-20	-9.34	-11	-3.96	-43
Payment of Dividends	-11	-12	-12	-12	-12	-13	-13	-13	-13	-14
Issuance of Common Equity	-0.19	5.64	-3.06	5.71	0.62	-0.01	-2.86	0.99	1.67	1.20
Effect of Exchange Rate Changes	-5.95	8.45	0.36	-2.47	-1.38	5.19	-3.33	-2.82	6.75	-8.86

This table presents Cognex's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	888	1,039	1,288	1,290	1,886	1,801	2,004	1,958	2,018	1,993
Total Current Assets	444	526	630	780	607	602	640	718	679	613
Cash & Equivalents	52	80	107	108	171	269	186	181	203	186
Short-Term Investments	296	341	298	427	240	103	137	219	129	60
Accounts Receivable	43	58	127	127	108	131	134	128	117	146
Inventories, net	37	27	68	83	60	61	113	122	162	158
Prepaid Expenses	16	21	31	34	27	37	69	67	68	63
Plant, Property, & Equipment, net	53	54	78	91	89	79	78	80	106	98
Total Noncurrent Assets	390	458	580	418	1,189	1,120	1,286	1,161	1,233	1,281
Long-Term Investments	273	324	423	262	433	395	584	454	244	341
Goodwill	81	95	113	113	243	244	242	243	393	385
Intangible Assets	6.32	8.31	13	10	39	16	12	12	113	91
Noncurrent Deferred & Refundable Income Taxes	27	28	27	29	450	435	419	407	400	392
Other Noncurrent Operating Assets	2.61	2.32	2.49	3.93	23	30	30	44	82	72
Total Liabilities & Shareholders' Equity	888	1,039	1,288	1,290	1,886	1,801	2,004	1,958	2,018	1,993
Total Liabilities	62	76	192	154	530	539	574	520	513	475
Total Current Liabilities	54	66	113	91	120	132	189	188	152	169
Accounts Payable	7.86	9.83	23	16	18	16	44	27	21	38
Accrued Expenses	33	43	68	60	52	77	92	93	72	72
Current Deferred Revenue	12	8.21	9.42	9.85	14	21	36	41	32	25
Current Deferred & Payable Income Tax Liabilities	0.99	5.19	12	5.06	30	9.38	8.58	18	17	26
Other Current Liabilities	-	-	-	0.00	5.65	8.11	7.79	8.45	9.62	8.85
Total Noncurrent Liabilities	8.40	10	79	63	410	406	385	332	361	306
Noncurrent Deferred Revenue	-	0.00	67	51	51	49	43	33	18	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	5.15	5.36	6.80	8.07	344	329	309	266	274	244
Other Noncurrent Operating Liabilities	3.25	4.87	5.90	3.87	15	28	33	33	69	63
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	826	963	1,096	1,135	1,356	1,262	1,430	1,438	1,505	1,518
Total Preferred & Common Equity	826	963	1,096	1,135	1,356	1,262	1,430	1,438	1,505	1,518
Preferred Stock	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	826	963	1,096	1,135	1,356	1,262	1,430	1,438	1,505	1,518
Common Stock	311	375	462	530	640	808	915	980	1,038	1,091
Retained Earnings	567	644	669	646	753	488	563	528	513	499
Accumulated Other Comprehensive Income / (Loss)	-52	-56	-35	-41	-37	-34	-48	-69	-45	-73

This table presents Cognex's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,900	1,974	1,998	1,990	2,013	2,004	2,063
Total Current Assets	787	722	718	847	662	681	672
Cash & Equivalents	266	164	177	396	139	177	197
Short-Term Investments	208	217	191	117	139	112	91
Accounts Receivable	98	147	150	132	141	161	160
Inventories, net	109	127	126	134	171	157	155
Prepaid Expenses	106	68	73	68	71	74	69
Plant, Property, & Equipment, net	79	81	82	83	104	103	103
Total Noncurrent Assets	1,033	1,171	1,198	1,060	1,248	1,220	1,288
Long-Term Investments	343	463	463	333	278	266	319
Goodwill	238	242	242	241	386	381	392
Intangible Assets	9.42	11	11	9.99	105	99	103
Noncurrent Deferred & Refundable Income Taxes	405	410	407	403	398	397	395
Other Noncurrent Operating Assets	38	44	75	73	80	78	79
Total Liabilities & Shareholders' Equity	1,900	1,974	1,998	1,990	2,013	2,004	2,063
Total Liabilities	511	528	518	501	524	497	496
Total Current Liabilities	161	214	180	170	188	169	171
Accounts Payable	22	27	26	23	27	23	30
Accrued Expenses	64	84	84	79	70	75	77
Current Deferred Revenue	55	58	43	40	40	41	30
Current Deferred & Payable Income Tax Liabilities	12	38	19	19	40	21	24
Other Current Liabilities	8.11	8.18	8.19	7.98	9.80	9.41	9.81
Total Noncurrent Liabilities	350	314	337	332	336	329	325
Noncurrent Deferred & Payable Income Tax Liabilities	272	264	257	253	268	263	257
Other Noncurrent Operating Liabilities	78	50	81	79	68	66	69
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,389	1,446	1,480	1,489	1,489	1,507	1,567
Total Preferred & Common Equity	1,389	1,446	1,480	1,489	1,489	1,507	1,567
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,389	1,446	1,480	1,489	1,489	1,507	1,567
Common Stock	961	993	1,011	1,024	1,048	1,062	1,077
Retained Earnings	511	518	538	534	502	515	528
Accumulated Other Comprehensive Income / (Loss)	-82	-64	-69	-70	-61	-70	-38

This table displays calculated financial ratios and metrics derived from Cognex's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.65%	17.52%	44.68%	5.25%	-10.01%	11.77%	27.88%	-2.99%	-16.75%	9.19%
EBITDA Growth	-3.36%	23.46%	60.78%	-11.89%	-30.61%	20.35%	67.29%	-20.40%	-46.05%	3.89%
EBIT Growth	-4.13%	25.75%	65.72%	-14.43%	-34.82%	21.36%	79.53%	-21.86%	-50.30%	-3.08%
NOPAT Growth	-4.19%	32.78%	25.46%	20.41%	-13.72%	-9.88%	72.04%	-23.45%	-48.34%	-15.03%
Net Income Growth	53.99%	-23.19%	22.98%	24.08%	-7.02%	-13.58%	58.86%	-22.99%	-47.46%	-6.24%
EPS Growth	53.99%	-23.19%	18.07%	26.53%	-6.45%	-13.79%	56.00%	-21.15%	-47.15%	-4.62%
Operating Cash Flow Growth	-21.68%	41.89%	23.20%	-0.39%	13.36%	-4.31%	29.56%	-22.50%	-53.61%	32.03%
Free Cash Flow Firm Growth	-43.20%	74.66%	-1.73%	12.62%	-95.86%	3,011.83%	40.97%	-39.55%	-256.37%	138.82%
Invested Capital Growth	18.81%	6.51%	23.12%	26.14%	51.14%	-3.06%	5.65%	11.75%	58.95%	0.18%
Revenue Q/Q Growth	2.01%	8.24%	6.22%	1.30%	-3.14%	7.11%	2.01%	-0.46%	-4.86%	3.75%
EBITDA Q/Q Growth	-2.35%	8.62%	6.33%	-1.58%	-13.04%	28.43%	-2.12%	0.05%	-22.78%	14.65%
EBIT Q/Q Growth	-2.84%	9.42%	6.50%	-2.22%	-15.50%	34.35%	-2.08%	0.24%	-26.66%	19.03%
NOPAT Q/Q Growth	-4.10%	10.66%	-24.92%	48.87%	17.09%	-3.56%	-4.06%	-0.57%	-27.30%	18.41%
Net Income Q/Q Growth	-4.04%	10.48%	-25.39%	50.08%	20.66%	-5.87%	-5.35%	0.83%	-28.02%	19.22%
EPS Q/Q Growth	-4.04%	10.48%	-28.47%	45.88%	17.17%	-7.41%	-6.02%	1.65%	-28.57%	21.57%
Operating Cash Flow Q/Q Growth	-30.58%	20.59%	4.11%	-5.30%	-1.56%	6.69%	-8.12%	4.75%	-31.43%	32.91%
Free Cash Flow Firm Q/Q Growth	-42.98%	17.33%	15.93%	-15.15%	-96.70%	3,440.33%	-9.09%	0.93%	-397.31%	138.26%
Invested Capital Q/Q Growth	-7.27%	-8.83%	-26.14%	-0.72%	59.09%	0.41%	2.99%	2.20%	44.41%	-3.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.23%	75.25%	75.55%	74.45%	73.85%	74.55%	73.26%	71.75%	71.79%	68.43%
EBITDA Margin	30.65%	32.20%	35.78%	29.95%	23.10%	24.87%	32.53%	26.69%	17.30%	16.46%
Operating Margin	26.97%	29.10%	33.79%	27.43%	19.65%	21.03%	30.38%	24.47%	15.61%	12.58%
EBIT Margin	27.36%	29.28%	33.54%	27.27%	19.75%	21.44%	30.11%	24.25%	14.48%	12.85%
Profit (Net Income) Margin	41.52%	27.14%	23.07%	27.19%	28.10%	21.72%	26.99%	21.42%	13.52%	11.61%
Tax Burden Percent	147.35%	88.66%	66.32%	93.47%	125.08%	94.26%	87.76%	85.97%	83.66%	80.75%
Interest Burden Percent	102.98%	104.54%	103.71%	106.69%	113.74%	107.47%	102.13%	102.75%	111.62%	111.89%
Effective Tax Rate	15.20%	11.18%	33.68%	6.53%	-25.08%	5.74%	12.24%	14.03%	16.34%	19.25%
Return on Invested Capital (ROIC)	54.82%	64.92%	70.77%	68.29%	42.06%	31.99%	54.36%	38.25%	14.46%	10.00%
ROIC Less NNEP Spread (ROIC-NNEP)	40.65%	63.91%	70.13%	66.75%	38.96%	30.07%	53.96%	37.81%	13.91%	7.72%
Return on Net Nonoperating Assets (RNNOA)	-30.87%	-48.85%	-53.60%	-48.64%	-25.70%	-18.53%	-33.57%	-23.22%	-6.76%	-2.97%
Return on Equity (ROE)	23.95%	16.07%	17.17%	19.66%	16.37%	13.46%	20.79%	15.03%	7.69%	7.03%
Cash Return on Invested Capital (CROIC)	37.63%	58.61%	50.05%	45.18%	1.34%	35.09%	48.86%	27.15%	-31.07%	9.82%
Operating Return on Assets (OROA)	14.42%	16.10%	22.09%	17.06%	9.03%	9.44%	16.41%	12.32%	6.10%	5.86%
Return on Assets (ROA)	21.89%	14.92%	15.19%	17.01%	12.84%	9.56%	14.71%	10.88%	5.70%	5.29%
Return on Common Equity (ROCE)	23.95%	16.07%	17.17%	19.66%	16.37%	13.46%	20.79%	15.03%	7.69%	7.03%
Return on Equity Simple (ROE_SIMPLE)	22.66%	14.93%	16.13%	19.31%	15.04%	13.96%	19.57%	14.98%	7.53%	7.00%
Net Operating Profit after Tax (NOPAT)	103	137	172	207	178	161	277	212	109	93
NOPAT Margin	22.87%	25.84%	22.41%	25.64%	24.58%	19.82%	26.67%	21.04%	13.06%	10.16%
Net Nonoperating Expense Percent (NNEP)	14.17%	1.00%	0.64%	1.54%	3.10%	1.91%	0.40%	0.44%	0.54%	2.28%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	14.72%	7.27%	6.12%
Cost of Revenue to Revenue	22.77%	24.75%	24.45%	25.55%	26.15%	25.45%	26.74%	28.25%	28.21%	31.57%
SG&A Expenses to Revenue	34.77%	31.37%	28.81%	32.58%	37.74%	32.99%	29.83%	31.02%	40.49%	40.56%
R&D to Revenue	15.49%	14.78%	12.95%	14.44%	16.46%	16.15%	13.05%	14.03%	16.64%	15.29%
Operating Expenses to Revenue	50.26%	46.15%	41.76%	47.02%	54.20%	53.52%	42.88%	47.28%	56.18%	55.85%
Earnings before Interest and Taxes (EBIT)	123	155	257	220	143	174	312	244	121	118
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	138	170	274	242	168	202	337	269	145	151
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.24	5.32	9.12	5.55	6.72	10.89	9.45	5.59	4.74	4.05
Price to Tangible Book Value (P/TBV)	3.63	5.96	10.31	6.23	8.49	13.71	11.49	6.79	7.14	5.90
Price to Revenue (P/Rev)	5.94	9.68	13.04	7.82	12.55	16.95	13.03	7.99	8.52	6.73
Price to Earnings (P/E)	14.31	35.66	56.53	28.76	44.67	78.01	48.30	37.28	62.99	57.93
Dividend Yield	0.67%	0.49%	0.00%	0.51%	0.38%	2.83%	2.94%	0.57%	0.69%	0.85%
Earnings Yield	6.99%	2.80%	1.77%	3.48%	2.24%	1.28%	2.07%	2.68%	1.59%	1.73%
Enterprise Value to Invested Capital (EV/IC)	10.07	20.14	34.23	16.31	16.19	26.23	24.12	12.29	7.06	5.98
Enterprise Value to Revenue (EV/Rev)	4.56	8.27	11.96	6.83	11.39	16.00	12.16	7.14	7.83	6.08
Enterprise Value to EBITDA (EV/EBITDA)	14.88	25.68	33.43	22.80	49.30	64.34	37.37	26.74	45.25	36.96
Enterprise Value to EBIT (EV/EBIT)	16.67	28.24	35.66	25.05	57.65	74.61	40.39	29.43	54.07	47.34
Enterprise Value to NOPAT (EV/NOPAT)	19.94	32.00	53.37	26.64	46.32	80.73	45.60	33.93	59.95	59.88
Enterprise Value to Operating Cash Flow (EV/OCF)	16.01	24.05	40.84	24.65	32.62	53.53	40.15	29.50	58.06	37.32
Enterprise Value to Free Cash Flow (EV/FCFF)	29.05	35.44	75.47	40.28	1,457.96	73.59	50.73	47.79	0.00	60.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.76	-0.76	-0.76	-0.73	-0.66	-0.62	-0.62	-0.61	-0.49	-0.39
Leverage Ratio	1.09	1.08	1.13	1.16	1.27	1.41	1.41	1.38	1.35	1.33
Compound Leverage Factor	1.13	1.13	1.17	1.23	1.45	1.51	1.44	1.42	1.51	1.48
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	28.25	42.85	33.67	27.03	11.81	16.78	15.84	10.90	9.62	9.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.28	8.00	5.59	8.54	5.04	4.55	3.39	3.82	4.47	3.62
Quick Ratio	7.29	7.27	4.72	7.26	4.32	3.81	2.43	2.81	2.95	2.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	71	124	121	137	5.67	176	249	150	-235	91
Operating Cash Flow to CapEx	704.01%	1,420.73%	780.15%	602.38%	1,164.92%	1,822.15%	2,032.13%	1,237.64%	489.30%	991.03%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.55	0.66	0.63	0.46	0.44	0.55	0.51	0.42	0.46
Accounts Receivable Turnover	10.87	10.54	8.30	6.34	6.16	6.77	7.81	7.68	6.86	6.96
Inventory Turnover	3.08	4.08	3.95	2.73	2.64	3.41	3.19	2.41	1.66	1.81
Fixed Asset Turnover	9.08	9.87	11.60	9.52	8.03	9.62	13.24	12.80	9.03	8.95
Accounts Payable Turnover	8.18	14.82	11.25	10.38	11.13	12.09	9.19	7.99	9.73	9.70
Days Sales Outstanding (DSO)	33.59	34.65	43.95	57.56	59.28	53.91	46.75	47.51	53.20	52.48
Days Inventory Outstanding (DIO)	118.42	89.56	92.48	133.92	138.06	107.06	114.48	151.29	219.93	202.15
Days Payable Outstanding (DPO)	44.63	24.63	32.44	35.16	32.79	30.18	39.70	45.69	37.50	37.61
Cash Conversion Cycle (CCC)	107.38	99.57	103.99	156.33	164.55	130.78	121.53	153.11	235.63	217.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	204	217	268	338	510	495	523	584	928	930
Invested Capital Turnover	2.40	2.51	3.16	2.66	1.71	1.61	2.04	1.82	1.11	0.98
Increase / (Decrease) in Invested Capital	32	13	50	70	173	-16	28	61	344	1.68
Enterprise Value (EV)	2,055	4,378	9,162	5,507	8,262	12,977	12,610	7,182	6,556	5,564
Market Capitalization	2,677	5,124	9,990	6,305	9,107	13,744	13,518	8,036	7,132	6,151
Book Value per Share	$9.73	$11.24	$12.65	$6.59	$7.93	$7.23	$8.09	$8.32	$8.74	$8.85
Tangible Book Value per Share	$8.70	$10.03	$11.19	$5.88	$6.28	$5.74	$6.65	$6.84	$5.80	$6.07
Total Capital	826	963	1,096	1,135	1,356	1,262	1,430	1,438	1,505	1,518
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-622	-745	-828	-798	-845	-767	-907	-854	-576	-587
Capital Expenditures (CapEx)	18	13	29	37	22	13	15	20	23	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	42	40	113	153	75	97	128	130	195	198
Debt-free Net Working Capital (DFNWC)	391	461	517	689	487	469	451	530	527	444
Net Working Capital (NWC)	391	461	517	689	487	469	451	530	527	444
Net Nonoperating Expense (NNE)	-84	-6.86	-5.04	-13	-26	-15	-3.33	-3.84	-3.89	-13
Net Nonoperating Obligations (NNO)	-622	-745	-828	-798	-845	-767	-907	-854	-576	-587
Total Depreciation and Amortization (D&A)	15	15	17	22	24	28	25	25	24	33
Debt-free, Cash-free Net Working Capital to Revenue	9.40%	7.50%	14.73%	19.03%	10.32%	11.97%	12.30%	12.91%	23.29%	21.64%
Debt-free Net Working Capital to Revenue	86.74%	86.98%	67.53%	85.44%	67.08%	57.88%	43.51%	52.68%	62.94%	48.55%
Net Working Capital to Revenue	86.74%	86.98%	67.53%	85.44%	67.08%	57.88%	43.51%	52.68%	62.94%	48.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	$0.88	$1.02	$1.27	$1.19	$1.02	$1.59	$1.24	$0.66	$0.62
Adjusted Weighted Average Basic Shares Outstanding	172.59M	170.68M	173.29M	172.33M	171.19M	173.49M	176.46M	173.41M	172.25M	171.44M
Adjusted Diluted Earnings per Share	$1.07	$0.86	$0.99	$1.24	$1.16	$1.00	$1.56	$1.23	$0.65	$0.62
Adjusted Weighted Average Diluted Shares Outstanding	175.98M	174.14M	179.55M	177.41M	175.27M	176.59M	179.92M	174.87M	173.40M	172.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	169.77M	172.11M	173.55M	170.83M	172.61M	352.06M	347.83M	345.07M	343.27M	169.87M
Normalized Net Operating Profit after Tax (NOPAT)	103	137	172	207	100	194	277	213	109	93
Normalized NOPAT Margin	22.87%	25.84%	22.41%	25.64%	13.76%	23.95%	26.67%	21.18%	13.06%	10.16%
Pre Tax Income Margin	28.18%	30.61%	34.78%	29.09%	22.46%	23.05%	30.75%	24.92%	16.16%	14.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.66%	17.55%	16.43%	14.53%	17.23%	221.65%	15.46%	21.31%	43.34%	49.29%
Augmented Payout Ratio	77.20%	50.36%	86.44%	107.49%	47.49%	250.61%	73.22%	116.10%	113.81%	112.47%

This table displays calculated financial ratios and metrics derived from Cognex's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-26.41%	-1.90%	-28.78%	-11.69%	-5.91%	-17.86%	4.81%	-1.33%	19.01%	16.79%
EBITDA Growth	-52.81%	0.19%	-69.48%	0.11%	-37.85%	-67.99%	-19.15%	-32.54%	52.25%	95.53%
EBIT Growth	-56.32%	1.05%	-73.76%	1.23%	-41.70%	-77.45%	-36.16%	-39.62%	49.22%	146.42%
NOPAT Growth	-55.67%	-2.83%	-67.48%	-7.21%	-37.91%	-80.38%	-55.11%	-39.38%	19.05%	145.22%
Net Income Growth	-56.93%	3.32%	-61.96%	-2.42%	-44.33%	-79.70%	-53.07%	-36.99%	56.43%	152.44%
EPS Growth	-56.82%	6.67%	-60.53%	-2.94%	-42.11%	-81.25%	-53.33%	-36.36%	54.55%	183.33%
Operating Cash Flow Growth	30.23%	20.01%	-44.36%	-32.33%	-50.88%	-78.13%	-50.48%	-6.99%	37.17%	254.73%
Free Cash Flow Firm Growth	-146.62%	-144.01%	6.35%	114.17%	-69.48%	-3,032.56%	-1,880.02%	-3,046.33%	-483.77%	106.80%
Invested Capital Growth	12.61%	11.75%	6.70%	7.66%	12.49%	58.95%	54.80%	46.83%	49.29%	0.18%
Revenue Q/Q Growth	-23.67%	14.22%	-16.00%	20.58%	-18.67%	-0.29%	7.18%	13.52%	-1.90%	-2.15%
EBITDA Q/Q Growth	-36.18%	42.70%	-55.06%	144.61%	-60.38%	-26.49%	13.50%	104.11%	-10.60%	-5.60%
EBIT Q/Q Growth	-39.71%	50.03%	-60.24%	181.43%	-65.28%	-41.96%	12.56%	166.18%	-14.19%	-4.15%
NOPAT Q/Q Growth	-41.97%	46.80%	-57.32%	155.23%	-61.17%	-53.60%	-2.38%	244.63%	-23.73%	-4.43%
Net Income Q/Q Growth	-42.31%	62.78%	-53.69%	124.38%	-67.09%	-40.64%	7.06%	201.21%	-18.28%	-4.21%
EPS Q/Q Growth	-44.12%	68.42%	-53.13%	120.00%	-66.67%	-45.45%	16.67%	200.00%	-19.05%	0.00%
Operating Cash Flow Q/Q Growth	89.34%	-20.67%	-58.42%	8.33%	37.44%	-64.68%	-5.85%	103.50%	102.68%	-8.65%
Free Cash Flow Firm Q/Q Growth	54.44%	63.75%	-51.61%	156.61%	-644.76%	-569.97%	4.17%	15.76%	-7.94%	107.80%
Invested Capital Q/Q Growth	-5.04%	2.20%	3.13%	7.57%	-0.78%	44.41%	0.44%	2.02%	0.89%	-3.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.63%	70.82%	71.47%	74.09%	72.39%	68.67%	67.33%	69.62%	67.90%	68.73%
EBITDA Margin	21.02%	26.26%	14.05%	28.50%	13.88%	10.23%	10.84%	19.49%	17.76%	17.13%
Operating Margin	19.09%	22.69%	11.02%	26.88%	15.53%	6.47%	6.74%	16.07%	13.45%	13.43%
EBIT Margin	18.09%	23.77%	11.25%	26.26%	11.21%	6.53%	6.85%	16.07%	14.06%	13.77%
Profit (Net Income) Margin	16.21%	23.10%	12.74%	23.70%	9.59%	5.71%	5.70%	15.13%	12.61%	12.34%
Tax Burden Percent	86.36%	93.38%	97.71%	84.80%	70.05%	78.23%	68.44%	87.12%	80.95%	79.18%
Interest Burden Percent	103.73%	104.09%	115.85%	106.43%	122.12%	111.84%	121.60%	108.10%	110.79%	113.20%
Effective Tax Rate	13.64%	6.62%	2.29%	15.20%	29.95%	21.77%	31.56%	12.88%	19.05%	20.82%
Return on Invested Capital (ROIC)	30.89%	38.53%	17.06%	32.55%	15.77%	5.61%	5.09%	14.78%	11.97%	10.46%
ROIC Less NNEP Spread (ROIC-NNEP)	30.95%	38.01%	16.58%	32.28%	16.08%	5.43%	4.76%	14.38%	11.42%	9.79%
Return on Net Nonoperating Assets (RNNOA)	-19.36%	-23.34%	-9.68%	-18.22%	-9.29%	-2.64%	-2.27%	-6.68%	-5.43%	-3.77%
Return on Equity (ROE)	11.52%	15.18%	7.38%	14.33%	6.48%	2.97%	2.82%	8.09%	6.54%	6.69%
Cash Return on Invested Capital (CROIC)	27.59%	27.15%	22.11%	18.65%	13.01%	-31.07%	-30.44%	-28.58%	-29.75%	9.82%
Operating Return on Assets (OROA)	9.26%	12.07%	5.32%	11.90%	5.07%	2.75%	2.91%	6.78%	6.11%	6.28%
Return on Assets (ROA)	8.30%	11.73%	6.03%	10.74%	4.34%	2.41%	2.42%	6.38%	5.48%	5.63%
Return on Common Equity (ROCE)	11.52%	15.18%	7.38%	14.33%	6.48%	2.97%	2.82%	8.09%	6.54%	6.69%
Return on Equity Simple (ROE_SIMPLE)	15.39%	0.00%	12.02%	11.64%	10.57%	0.00%	6.69%	5.20%	5.68%	0.00%
Net Operating Profit after Tax (NOPAT)	35	51	22	55	21	9.96	9.72	34	26	24
NOPAT Margin	16.49%	21.19%	10.77%	22.79%	10.88%	5.06%	4.61%	14.00%	10.88%	10.63%
Net Nonoperating Expense Percent (NNEP)	-0.07%	0.52%	0.48%	0.27%	-0.31%	0.18%	0.33%	0.39%	0.56%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	-	3.53%	-	-	-	0.66%	-	-	-	1.61%
Cost of Revenue to Revenue	27.37%	29.18%	28.53%	25.91%	27.61%	31.33%	32.67%	30.38%	32.10%	31.27%
SG&A Expenses to Revenue	35.96%	31.72%	41.29%	34.40%	41.73%	45.95%	42.99%	38.94%	39.46%	41.14%
R&D to Revenue	16.20%	15.51%	19.16%	13.85%	16.52%	17.64%	17.60%	14.61%	15.00%	14.17%
Operating Expenses to Revenue	53.53%	48.12%	60.45%	47.22%	56.85%	62.19%	60.60%	53.55%	54.46%	55.30%
Earnings before Interest and Taxes (EBIT)	38	57	23	64	22	13	14	38	33	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	63	28	69	27	20	23	47	42	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.11	5.59	5.85	6.47	4.88	4.74	4.89	5.32	4.41	4.05
Price to Tangible Book Value (P/TBV)	6.21	6.79	7.09	7.80	5.86	7.14	7.29	7.80	6.44	5.90
Price to Revenue (P/Rev)	7.02	7.99	9.15	10.73	8.24	8.52	8.59	9.49	7.83	6.73
Price to Earnings (P/E)	33.18	37.28	48.68	55.59	46.13	62.99	73.03	102.21	77.55	57.93
Dividend Yield	0.64%	0.57%	0.55%	0.50%	0.66%	0.69%	0.69%	0.63%	0.75%	0.85%
Earnings Yield	3.01%	2.68%	2.05%	1.80%	2.17%	1.59%	1.37%	0.98%	1.29%	1.73%
Enterprise Value to Invested Capital (EV/IC)	10.98	12.29	12.64	13.50	9.97	7.06	7.21	7.84	6.56	5.98
Enterprise Value to Revenue (EV/Rev)	6.21	7.14	8.24	9.80	7.28	7.83	7.93	8.83	7.15	6.08
Enterprise Value to EBITDA (EV/EBITDA)	23.38	26.74	37.30	42.83	34.17	45.25	48.18	63.74	47.98	36.96
Enterprise Value to EBIT (EV/EBIT)	25.78	29.43	42.23	48.31	38.78	54.07	59.43	84.88	63.80	47.34
Enterprise Value to NOPAT (EV/NOPAT)	29.48	33.93	45.65	53.80	42.63	59.95	69.61	99.55	80.28	59.88
Enterprise Value to Operating Cash Flow (EV/OCF)	27.01	29.50	34.40	42.24	38.93	58.06	67.87	76.93	56.16	37.32
Enterprise Value to Free Cash Flow (EV/FCFF)	42.15	47.79	59.03	75.08	81.13	0.00	0.00	0.00	0.00	60.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.63	-0.61	-0.58	-0.56	-0.58	-0.49	-0.48	-0.46	-0.48	-0.39
Leverage Ratio	1.37	1.38	1.39	1.37	1.35	1.35	1.36	1.34	1.33	1.33
Compound Leverage Factor	1.42	1.44	1.61	1.46	1.65	1.51	1.65	1.45	1.47	1.50
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.70	10.59	10.80	12.36	9.95	9.45	9.41	10.82	9.48	8.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.88	3.82	3.38	3.98	4.99	4.47	3.52	4.03	3.94	3.62
Quick Ratio	3.55	2.81	2.46	2.88	3.80	2.95	2.23	2.67	2.62	2.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-29	-11	-16	9.16	-50	-334	-320	-270	-291	23
Operating Cash Flow to CapEx	1,919.12%	1,631.14%	500.33%	635.09%	700.65%	206.57%	335.95%	615.59%	1,279.18%	2,479.69%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.51	0.47	0.45	0.45	0.42	0.43	0.42	0.44	0.46
Accounts Receivable Turnover	8.58	7.68	6.10	5.51	7.64	6.86	5.89	5.42	6.03	6.96
Inventory Turnover	2.99	2.41	1.99	2.23	2.02	1.66	1.66	1.82	1.93	1.81
Fixed Asset Turnover	12.93	12.80	11.62	11.08	10.84	9.03	9.14	9.14	9.47	8.95
Accounts Payable Turnover	11.56	7.99	7.33	10.65	10.80	9.73	9.11	10.58	10.50	9.70
Days Sales Outstanding (DSO)	42.53	47.51	59.88	66.19	47.80	53.20	62.00	67.31	60.50	52.48
Days Inventory Outstanding (DIO)	122.18	151.29	183.21	163.90	180.91	219.93	219.50	200.80	189.46	202.15
Days Payable Outstanding (DPO)	31.57	45.69	49.78	34.27	33.79	37.50	40.07	34.51	34.75	37.61
Cash Conversion Cycle (CCC)	133.14	153.11	193.31	195.82	194.92	235.63	241.43	233.59	215.21	217.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	572	584	602	648	643	928	933	951	960	930
Invested Capital Turnover	1.87	1.82	1.58	1.43	1.45	1.11	1.10	1.06	1.10	0.98
Increase / (Decrease) in Invested Capital	64	61	38	46	71	344	330	303	317	1.68
Enterprise Value (EV)	6,276	7,182	7,617	8,750	6,412	6,556	6,720	7,456	6,299	5,564
Market Capitalization	7,093	8,036	8,461	9,583	7,258	7,132	7,276	8,011	6,906	6,151
Book Value per Share	$8.01	$8.32	$8.38	$8.58	$8.64	$8.74	$8.67	$8.78	$9.14	$8.85
Tangible Book Value per Share	$6.59	$6.84	$6.91	$7.12	$7.18	$5.80	$5.81	$5.98	$6.26	$6.07
Total Capital	1,389	1,438	1,446	1,480	1,489	1,505	1,489	1,507	1,567	1,518
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-818	-854	-844	-832	-846	-576	-557	-555	-607	-587
Capital Expenditures (CapEx)	4.35	4.06	5.51	4.70	5.86	7.02	4.06	4.51	4.40	2.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	152	130	127	169	165	195	195	223	213	198
Debt-free Net Working Capital (DFNWC)	626	530	508	538	677	527	473	512	501	444
Net Working Capital (NWC)	626	530	508	538	677	527	473	512	501	444
Net Nonoperating Expense (NNE)	0.59	-4.57	-3.96	-2.21	2.55	-1.27	-2.30	-2.71	-4.04	-3.93
Net Nonoperating Obligations (NNO)	-818	-854	-844	-832	-846	-576	-557	-555	-607	-587
Total Depreciation and Amortization (D&A)	6.13	5.97	5.63	5.43	5.27	7.29	8.40	8.18	8.69	7.73
Debt-free, Cash-free Net Working Capital to Revenue	15.01%	12.91%	13.77%	18.93%	18.70%	23.29%	23.04%	26.44%	24.22%	21.64%
Debt-free Net Working Capital to Revenue	61.95%	52.68%	54.95%	60.26%	76.94%	62.94%	55.88%	60.69%	56.87%	48.55%
Net Working Capital to Revenue	61.95%	52.68%	54.95%	60.26%	76.94%	62.94%	55.88%	60.69%	56.87%	48.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.31	$0.15	$0.33	$0.11	$0.07	$0.07	$0.21	$0.17	$0.17
Adjusted Weighted Average Basic Shares Outstanding	173.26M	173.41M	172.62M	172.43M	172.17M	172.25M	171.69M	171.57M	171.52M	171.44M
Adjusted Diluted Earnings per Share	$0.19	$0.32	$0.15	$0.33	$0.11	$0.06	$0.07	$0.21	$0.17	$0.17
Adjusted Weighted Average Diluted Shares Outstanding	174.33M	174.87M	173.90M	173.62M	173.35M	173.40M	172.59M	172.73M	172.75M	172.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	172.93M	345.07M	172.60M	172.29M	172.14M	343.27M	171.66M	171.50M	171.52M	169.87M
Normalized Net Operating Profit after Tax (NOPAT)	35	51	22	55	21	9.96	9.72	34	26	24
Normalized NOPAT Margin	16.49%	21.19%	10.77%	22.79%	10.88%	5.06%	4.61%	14.00%	10.88%	10.63%
Pre Tax Income Margin	18.77%	24.74%	13.03%	27.95%	13.69%	7.30%	8.33%	17.37%	15.57%	15.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.19%	21.31%	26.87%	27.56%	30.70%	43.34%	50.06%	64.65%	57.82%	49.29%
Augmented Payout Ratio	157.68%	116.10%	83.31%	85.08%	85.09%	113.81%	115.24%	129.10%	107.22%	112.47%

Frequently Asked Questions About Cognex's Financials

When does Cognex's financial year end?

According to the most recent income statement we have on file, Cognex's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cognex's net income changed over the last 9 years?

The last 5 years of Cognex's net income performance:

2020: $176.19 million
2021: $279.88 million
2022: $215.53 million
2023: $113.23 million
2024: $106.17 million

What is Cognex's operating income?

Cognex's total operating income in 2024 was $115.07 million, based on the following breakdown:

Total Gross Profit: $625.79 million
Total Operating Expenses: $510.73 million

How has Cognex revenue changed over the last 9 years?

Over the last 9 years, Cognex's total revenue changed from $450.56 million in 2015 to $914.52 million in 2024, a change of 103.0%.

How much debt does Cognex have?

Cognex's total liabilities were at $475.35 million at the end of 2024, a 7.4% decrease from 2023, and a 665.6% increase since 2015.

How much cash does Cognex have?

In the past 9 years, Cognex's cash and equivalents has ranged from $51.98 million in 2015 to $269.07 million in 2020, and is currently $186.09 million as of their latest financial filing in 2024.

How has Cognex's book value per share changed over the last 9 years?

Over the last 9 years, Cognex's book value per share changed from 9.73 in 2015 to 8.85 in 2024, a change of -9.1%.

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This page (NASDAQ:CGNX) was last updated on 4/24/2025 by MarketBeat.com Staff

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Cognex (CGNX) Financials

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Cognex (CGNX) Financials

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