MARKETS / NASDAQ / CGNX

NASDAQ · INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL · LARGE CAP

Cognex Corp. CGNX

18 fiscal years on record · USD · FY2025 reported · SEC filings only

4 YEARS OF DIVIDEND GROWTH

Revenue

$994.4M

▲ 8.7% YoY

Net income

$114.4M

▲ 7.8% YoY

Free cash flow

$236.8M

▲ 76.6% YoY

In brief

What this company does

Cognex offers a range of machine vision systems and sensors, vision software, and barcode readers designed to meet customer needs at different performance and price points. It sells to customers in nearly all major industries in which discrete items are manufactured on an assembly line or moved through a distribution center or warehouse. Its largest end markets by revenue are the logistics, packaging, consumer electronics, and automotive industries, which combined represented approximately 85% of its total revenue in 2025. Sales to customers based outside of the United States represented approximately 67% of its total revenue in 2025, with approximately 25% from customers based in Europe, approximately 16% from customers based in Greater China, and approximately 26% from customers based in other regions outside the United States. Cognex manufactures optical components, including lenses and lighting, at in-house production plants located in China and Vietnam. As of December 31, 2025, Cognex employed 2,745 employees globally, including 1,600 in selling, general and administrative activities, 575 in research, development and engineering, and 570 in manufacturing, quality assurance and service activities. Cognex Corporation was founded in 1981.

Written from the business description in COGNEX CORP's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 994.4M

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.0 · Net income 0.1

Compound annual growth

Revenue

−0.4%

+4.2%

+8.2%

+8.5%

Net income

−19.0%

−8.3%

−4.8%

+4.2%

EPS, diluted

−17.9%

−7.4%

Dividend / share

+7.0%

−31.9%

Returned to shareholders

−5.7%

−14.7%

+3.3%

+22.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 16.3% · Net 11.5%

ROE

FY2025 · ROE 7.6%

Gross margin66.9%

Operating margin16.3%

Net margin11.5%

Return on assets5.7%

EBITDAUSD 182.9M

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 199.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 236.8

Net buybacks $M Dividends $M

FY2025 · Dividends 54.6 · Net buybacks 144.8

Dividends paidUSD 54.6M

Net buybacksUSD 144.8M

Share of profit174.3%

Consecutive raises4 years

USD 54.6M in dividends and USD 144.8M in buybacks — 174% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.0B

EquityUSD 1.5B

CashUSD 262.9M

Current ratio3.80×

Equity funds 74% of total assets.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.0	0.9	0.8	1.0	1.0	0.8	0.7	0.8	0.8	0.5	0.5	0.4	0.3	0.3	0.3	0.3	0.2	0.2
Operating income $B	0.2	0.1	0.1	0.2	0.3	0.2	0.1	0.2	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	−0.0	0.0
EBITDA $B	0.2	0.1	0.1	0.3	0.3	0.2	0.2	0.2	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	−0.0	0.0
Income tax $B	0.1	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0
Net income $B	0.1	0.1	0.1	0.2	0.3	0.2	0.2	0.2	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.1	−0.0	0.0
Free cash flow $B	0.2	0.1	0.1	0.2	0.3	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1
EPS, diluted $	0.68	0.62	0.65	1.23	1.56	1.00	1.16	1.24	0.98	0.83	1.06	1.36	0.83	0.78	0.82	1.52	−0.12	0.66
Dividend / sh $	0.33	0.30	0.29	0.27	0.24	2.23	0.20	0.18	0.17	0.15	0.11	0.00	0.00	0.77	0.18	0.25	0.30	0.47
Payout %	48	49	43	21	15	222	17	15	16	18	10	0	0	97	22	16	−244	71
ROE %	7.6	7.0	7.7	15.0	20.8	13.5	16.4	19.7	17.2	16.0	23.8	17.6	12.1	12.1	13.6	14.1	−1.2	6.6
Shares out B	0.17	0.17	0.17	0.17	0.18	0.18	0.17	0.17	0.17	0.08	0.08	0.09	0.09	0.09	0.04	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityIndustrial Instruments For Measurement, Display, and Control

Listed onNASDAQ

Incorporated inMassachusetts

Fiscal year endsDecember 31

Data on record since2008