CGNX

Cognex

$58.05

+2.25% Oct 21 close

Information TechnologyS&P 400 Compare Technicals

1M 3M 6M 1Y 2Y

CGNXSPY

+1.4%

-6.4%

-7.0%

+7.7%

YTD

+62.0%

+21.0%

Live chart

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What they do

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks in the United States, Europe, Greater China, and internationally. Its machine vision products are used to automate the manufacture and distribution of discrete items, such as mobile phones, automotive components.

Technology · Scientific & Technical Instruments

For information only · Important disclosures

Grades vs sector

Momentum

61st percentile in sector

B-

12-1 return: +47.5%
Percentile within its GICS sector across the S&P 1500.

Growth

53rd percentile in sector

C+

Revenue growth (YoY): +16.9%
Percentile within its GICS sector across the S&P 1500.

Value

26th percentile in sector

D+

Forward E/P: 3.7% · EBITDA/EV: 3.1%
Percentile within its GICS sector across the S&P 1500.

Profitability

54th percentile in sector

C+

Profit margin: +16.1% · Return on equity: +11.1%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

Outside this model's universe or screens

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

No recent headlines.

Key stats

52-week range$34.65 – $72.32

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -1 (DCF counts double).

▼DCF (base case)below the price by 60%

▲Piotroski F-score8/9

▲Net debt / EBITDA-1.6x

Discounted cash flow

Bear

$16

-73%

growth -5% · disc. 10.2% · term. 2.0%

Base

$23

-60%

growth -0% · disc. 9.2% · term. 2.5%

Bull

$33

-43%

growth 3% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Not enough data to run a reverse DCF.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-05). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9×

–

Forward P/E

sector median 16.9×

–

EV / EBITDA

sector median 20.8×

–

Price / sales

sector median 4.6×

–

Price / book

sector median 5.1×

–

FCF yield

sector median 3.5%

–

Quality & financial health

Gross margin

68.9%

Operating margin

21.9%

FCF margin

24.6%

Net margin

16.1%

Return on equity

10.7%

Return on invested capital

13.2%

Net debt / EBITDA

-1.6×

Current ratio

3.9×

Interest cover

–

Cash conversion (OCF/NI)

1.6×

Piotroski F-score 8/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FY	Revenue	Net income	Free cash flow
2025	$994.4M	$114.4M	$236.8M
2024	$914.5M	$106.2M	$134.0M
2023	$837.5M	$113.2M	$89.8M
2022	$1.0B	$215.5M	$223.7M
2021	$1.0B	$279.9M	$298.6M
2020	$811.0M	$176.2M	$229.1M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -0.4%.

Earnings

Next report: 2026-11-04 · during market · EPS est 0.52

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-05	0.42	0.45	+5.9%
2026-05-06	0.25	0.34	+37.1%
2026-02-11	0.22	0.27	+22.9%
2025-10-29	0.29	0.33	+13.5%
2025-07-30	0.24	0.25	+5.8%
2025-04-30	0.13	0.16	+20.4%
2025-02-12	0.16	0.20	+28.2%
2024-10-30	0.19	0.20	+5.7%

Insider trades

Moschner Matthew