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COGNEX CORP CGNX

COGNEX CORP statistics & valuation

P / E96.8×
P / S11.1×
P / B7.4×
P / FCF46.8×
Net margin11.5%
FCF margin23.8%
Return on capital8.9%
Graham number -80.9%$11.61

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($11.61); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.10% 23.10% 27.20% 28.10% 21.70% 27.00% 21.40% 13.50% 11.60% 11.50% 2016201720182019202020212022202320242025
Gross margin (%)
75.20% 75.60% 74.40% 73.80% 74.50% 73.30% 71.80% 71.80% 68.40% 66.90% 2016201720182019202020212022202320242025
Operating margin (%)
29.10% 33.80% 27.40% 19.70% 21.00% 30.40% 24.50% 15.60% 12.60% 16.30% 2016201720182019202020212022202320242025
Return on equity (%)
14.90% 16.10% 19.30% 15.00% 14.00% 19.60% 15.00% 7.50% 7.00% 7.70% 2016201720182019202020212022202320242025
Shares outstanding
174.1M 179.6M 177.4M 175.3M 176.6M 179.9M 174.9M 173.4M 172.6M 169.4M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
13.80% 13.70% 17.00% 10.80% 9.80% 14.00% 11.00% 5.60% 5.30% 5.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
32.00% 25.50% 23.10% 31.90% 28.20% 28.80% 22.20% 10.70% 14.70% 23.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.83 $0.98 $1.24 $1.16 $1.00 $1.56 $1.23 $0.65 $0.62 $0.68 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

COGNEX CORP trades at about 89.2× earnings — above its 10-year norm (10-year range 36.7×–82.1×, median 55.6×).

36.7× 89.2×

Shaded band = 10-year range (36.7×–82.1×); dot = today's 89.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin66.9%68.4%71.8%71.8%73.3%74.5%73.8%74.4%75.6%75.2%
Operating margin16.3%12.6%15.6%24.5%30.4%21.0%19.7%27.4%33.8%29.1%
Net margin11.5%11.6%13.5%21.4%27.0%21.7%28.1%27.2%23.1%27.1%
FCF margin23.8%14.7%10.7%22.2%28.8%28.2%31.9%23.1%25.5%32.0%
Return on assets5.7%5.3%5.6%11.0%14.0%9.8%10.8%17.0%13.7%13.8%
Return on equity7.7%7.0%7.5%15.0%19.6%14.0%15.0%19.3%16.1%14.9%
Current ratio3.803.624.473.823.394.555.048.545.598.00

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.