Cognex (CGNX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cognex

NasdaqGS•Technology•Scientific & Technical Instruments

$62.25+1.46(0.02%)Market closed

Market Cap

$10.18B

P/E

58.3x

P/S

9.4x

P/B

6.2x

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, and e-commerce packages, by locating, identifying, inspecting, and measuring them. The company offers VisionPro software, a suite of patented vision tools for traditional rule-based tools and deep learning-enabled tools for advanced programming; vision systems that combine smart cameras and software to perform a wide range of tasks, including part location, identification, measurement, assembly verification, and robotic guidance; OneVision, a cloud-based platform designed to transform how manufacturers build, train, and scale AI-powered vision applications; In-Sight product line of vision systems and sensors; QuickBuild, which allows customers to build vision applications with a graphical and flowchart-based programming interface; DataMan, an image-based barcode reader for fixed-mount and handheld models, as well as barcode verifiers; and vision accessories, such as industrial cameras, lenses, lighting, vision controllers, frame grabbers, and I/O cards. It sells its products to the automotive, logistics, packaging, consumer electronics, medical-related, semiconductor, and consumer products industries. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.

How this company scores

ExcellentMetricSide Score: 88/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability23/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 58.3x5y range 29.2x – 102.4x

Currently near its 20-quarter median.

P/S · 9.4x5y range 5.5x – 14.1x

Currently near its 20-quarter median.

P/B · 6.2x5y range 3.5x – 10.0x

Price & Volume

Market Cap $10.18B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.09B
Q. Revenue: $291.26M
TTM EBITDA: $238.43M
TTM Op. Income: $238.43M
Q. Op. Income: $85.52M
TTM Net Income: $174.79M
Q. Net Income: $72.76M
EPS: $0.43
Shares Out.: $167.35M

$1.09B in TTM revenue grew 17.1% YoY, reaching $291.26M last quarter. TTM EBITDA of $238.43M and TTM operating income of $238.43M show growth is flowing through to the bottom line. TTM net income of $174.79M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 70.6%
EBITDA Margin: 29.4%
Op. Margin: 29.4%
Net Margin: 25.0%

Op. margin of 29.4% is up 11.9% YoY — cost efficiency is improving. Net margin at 25.0% and gross margin of 70.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 58.3x
P/S Ratio: 9.4x
P/B Ratio: 6.2x

At 58.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 9.4x and P/B of 6.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.18B
Cash: $302.52M
Long-Term Debt: N/A
Book Value: $1.63B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $69.15M
TTM Free Cash Flow: $268.30M
FCF Margin: 24.6%
FCF / Net Income: 1.5

TTM FCF of $268.30M on $69.15M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.