Cash flow Cognex Corporation

Stocks

CGNX

US1924221039

Industrial Machinery & Equipment

Market Closed - Nasdaq Other stock markets 21:00:00 12/06/2026 BST			After hours 00:59:59
63.61 ^USD	+2.42%		64.18	+0.90%

05-27	Cognex Corporation Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference, May-27-2026 11:25 AM
05-26	Cognex Shares Rise After JPMorgan Upgrade	MT

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Published financial data: COGNEX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.04B	1.01B	838M	915M	994M
Total Revenues	1.04B	1.01B	838M	915M	994M
Cost of Goods Sold, Total	277M	284M	236M	289M	329M
Gross Profit	760M	722M	601M	626M	665M
Selling General & Admin Expenses, Total	309M	312M	339M	371M	364M
R&D Expenses	135M	141M	139M	140M	139M
Other Operating Expenses, Total	445M	453M	479M	511M	503M
Operating Income	315M	269M	123M	115M	163M
Interest And Investment Income	6.66M	6.72M	14.09M	13.97M	16.95M
Net Interest Expenses	6.66M	6.72M	14.09M	13.97M	16.95M
Currency Exchange Gains (Loss)	-2.27M	-1.84M	-10.04M	1.53M	-4.08M
Other Non Operating Income (Expenses)	-591K	-412K	592K	922K	2.32M
EBT, Excl. Unusual Items	319M	273M	127M	131M	178M
Restructuring Charges	-	-1.66M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	5.05M
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	8M	-	-
Other Unusual Items	-	-20.78M	-	-	-
EBT, Incl. Unusual Items	319M	251M	135M	131M	183M
Income Tax Expense	39.02M	35.17M	22.11M	25.32M	68.36M
Earnings From Continuing Operations	280M	216M	113M	106M	114M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	280M	216M	113M	106M	114M
Net Income - (IS)	280M	216M	113M	106M	114M
Net Income to Common Incl Extra Items	280M	216M	113M	106M	114M
Net Income to Common Excl. Extra Items	280M	216M	113M	106M	114M
Per Share Items
Net EPS - Basic	1.59	1.24	0.66	0.62	0.68
Basic EPS - Continuing Operations	1.59	1.24	0.66	0.62	0.68
Basic Weighted Average Shares Outstanding	176M	173M	172M	171M	168M
Net EPS - Diluted	1.56	1.23	0.65	0.62	0.68
Diluted EPS - Continuing Operations	1.56	1.23	0.65	0.62	0.68
Diluted Weighted Average Shares Outstanding	180M	175M	173M	173M	169M
Normalized Basic EPS	1.13	0.98	0.46	0.48	0.66
Normalized Diluted EPS	1.11	0.98	0.46	0.48	0.66
Dividend Per Share	0.24	0.26	0.28	0.3	0.32
Payout Ratio	15.46	21.31	43.34	49.29	47.73
American Depositary Receipts Ratio (ADR)	0.12	0.12	0.12	0.12	0.12
Supplemental Items
EBITDA	335M	288M	145M	148M	193M
EBITA	319M	272M	127M	126M	173M
EBIT	315M	269M	123M	115M	163M
EBITDAR	344M	297M	157M	162M	208M
Effective Tax Rate - (Ratio)	12.24	14.03	16.34	19.25	37.4
Current Domestic Taxes	33.24M	54.04M	32.63M	32.53M	9.02M
Current Foreign Taxes	8.41M	10.24M	9.21M	12.8M	19.65M
Total Current Taxes	41.65M	64.29M	41.84M	45.33M	28.66M
Deferred Domestic Taxes	-20.04M	-49.13M	-30.61M	-23.6M	31.15M
Deferred Foreign Taxes	17.41M	20.01M	10.89M	3.59M	8.55M
Total Deferred Taxes	-2.63M	-29.12M	-19.72M	-20.01M	39.7M
Normalized Net Income	199M	171M	79.59M	82.18M	111M
Supplemental Operating Expense Items
Advertising Expense	1.96M	1.26M	1.19M	1.29M	1.43M
Marketing Expenses	2.6M	-	-	-	-
Selling and Marketing Expenses	2.6M	-	-	-	-
Research And Development Expense From Footnotes	135M	141M	139M	140M	139M
Net Rental Expense, Total	8.33M	9.08M	12.02M	14.54M	15.01M
Stock-Based Comp., COGS (Total)	1.34M	2.02M	1.98M	1.97M	2.22M
Stock-Based Comp., R&D Exp. (Total)	13.54M	17.69M	16.48M	14.63M	15.34M
Stock-Based Comp., SG&A Exp. (Total)	28.89M	34.8M	36.31M	35.85M	30.96M
Total Stock-Based Compensation	43.77M	54.5M	54.77M	52.44M	48.52M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	186M	181M	203M	186M	263M
Short Term Investments	137M	219M	129M	59.96M	74.04M
Total Cash And Short Term Investments	324M	400M	332M	246M	337M
Accounts Receivable, Total	134M	128M	117M	146M	164M
Other Receivables	3.04M	3.62M	3.17M	4.14M	3.85M
Total Receivables	137M	131M	120M	151M	168M
Inventory	113M	122M	162M	158M	138M
Prepaid Expenses	54.81M	49.26M	51.51M	48.2M	43.47M
Other Current Assets, Total	10.89M	14.6M	13.42M	11.03M	11.38M
Total Current Assets	640M	718M	679M	613M	697M
Gross Property Plant And Equipment	198M	213M	281M	293M	298M
Accumulated Depreciation	-97.02M	-95.48M	-100M	-127M	-140M
Net Property Plant And Equipment	101M	117M	181M	166M	158M
Long-term Investments	584M	454M	244M	341M	305M
Goodwill	242M	243M	393M	385M	386M
Other Intangibles, Total	11.89M	12.41M	113M	90.68M	81.1M
Deferred Tax Assets Long-Term	419M	407M	400M	392M	383M
Other Long-Term Assets, Total	7.24M	6.64M	7.09M	5.03M	4.99M
Total Assets	2B	1.96B	2.02B	1.99B	2.02B
Liabilities
Accounts Payable, Total	44.05M	27.1M	21.45M	38.05M	50.2M
Accrued Expenses, Total	85.78M	68.54M	68.02M	66.62M	85.92M
Current Portion of Leases	7.79M	8.45M	9.62M	8.85M	11.72M
Current Income Taxes Payable	8.58M	18.13M	16.91M	25.68M	9.14M
Unearned Revenue Current, Total	35.74M	40.79M	31.52M	25.04M	21.09M
Other Current Liabilities	6.66M	24.7M	4.35M	5.14M	5.47M
Total Current Liabilities	189M	188M	152M	169M	184M
Long-Term Leases	17.8M	31.3M	68.98M	61.36M	64.87M
Deferred Tax Liability Non Current	294M	250M	247M	217M	251M
Other Non Current Liabilities	73.42M	50.78M	45.32M	27.45M	25.72M
Total Liabilities	574M	520M	513M	475M	525M
Common Stock, Total	351K	345K	343K	341K	334K
Additional Paid In Capital	915M	979M	1.04B	1.09B	1.14B
Retained Earnings	563M	528M	513M	499M	406M
Comprehensive Income and Other	-47.94M	-69.3M	-45.34M	-72.78M	-53.5M
Total Common Equity	1.43B	1.44B	1.5B	1.52B	1.49B
Total Equity	1.43B	1.44B	1.5B	1.52B	1.49B
Total Liabilities And Equity	2B	1.96B	2.02B	1.99B	2.02B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	174M	173M	172M	170M	166M
ECS Total Common Shares Outstanding	175M	173M	172M	170M	167M
Book Value / Share	8.15	8.33	8.77	8.9	8.93
Tangible Book Value	1.18B	1.18B	999M	1.04B	1.02B
Tangible Book Value Per Share	6.7	6.85	5.82	6.11	6.13
Total Debt	25.58M	39.75M	78.6M	70.22M	76.59M
Net Debt	-298M	-360M	-253M	-176M	-260M
Debt Equivalent Oper. Leases	66.67M	72.66M	96.2M	116M	120M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	50.45M	71.72M	93.2M	86.92M	75.42M
Inventories - Work In Process, Total	5.29M	906K	5.75M	5.54M	4.88M
Inventories - Finished Goods, Total	57.36M	49.85M	63.34M	65.07M	57.6M
Land - (BS)	3.95M	3.95M	8.8M	8.71M	8.02M
Buildings, Total	72.42M	69.54M	79.11M	85.37M	79.21M
Machinery, Total	87.76M	87.22M	98.7M	110M	116M
Full Time Employees	2.26K	2.44K	2.99K	2.91K	2.74K
Accumulated Allowance for Doubtful Accounts (Supple)	776K	730K	583K	827K	728K
Order Backlog	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	280M	216M	113M	106M	114M
Depreciation & Amortization - CF	16.62M	16.35M	17.27M	21.27M	20.29M
Amortization of Goodwill and Intangible Assets - (CF)	3.67M	3.27M	4.61M	11.42M	10.5M
Depreciation & Amortization, Total	20.28M	19.62M	21.88M	32.69M	30.79M
(Gain) Loss From Sale Of Asset	33K	19K	229K	88K	-4.89M
(Gain) Loss on Sale of Investments - (CF)	4.65M	5.15M	3.7M	314K	-887K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	43.77M	54.5M	54.77M	52.44M	48.52M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-545K	22.12M	-13.18M	-17.78M	55.79M
Change In Accounts Receivable	-2.87M	5.26M	23.09M	-32.82M	-15.23M
Change In Inventories	-54.92M	-48.93M	-22.59M	-1.25M	4.86M
Change In Accounts Payable	27.83M	-17.28M	-13.74M	18.35M	11.71M
Change in Unearned Revenues	14.42M	4.89M	-9.12M	-6.22M	-4.18M
Change In Income Taxes	-6.4M	-444K	-16.74M	-9.28M	-16.81M
Change in Other Net Operating Assets	-12.07M	-17.02M	-28.61M	6.37M	21.39M
Cash from Operations	314M	243M	113M	149M	246M
Capital Expenditure	-15.46M	-19.67M	-23.08M	-15.04M	-8.74M
Sale of Property, Plant, and Equipment	-	-	-	-	6.7M
Cash Acquisitions	-	-5.05M	-257M	-1.44M	-
Investment in Marketable and Equity Securities, Total	-237M	20.26M	312M	-22.48M	30.06M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-253M	-4.45M	32.27M	-38.97M	28.02M
Issuance of Common Stock	63.29M	9.86M	3.27M	994K	-
Repurchase of Common Stock	-162M	-204M	-79.79M	-67.08M	-152M
Common Dividends Paid	-43.26M	-45.92M	-49.08M	-52.33M	-54.63M
Common & Preferred Stock Dividends Paid	-43.26M	-45.92M	-49.08M	-52.33M	-54.63M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-445K
Cash from Financing	-142M	-240M	-126M	-118M	-207M
Foreign Exchange Rate Adjustments	-2.82M	-3.36M	1.7M	-8.25M	9.99M
Net Change in Cash	-82.91M	-4.79M	21.28M	-16.56M	76.83M
Supplemental Items
Cash Income Tax Paid (Refund)	49.44M	57.02M	56.62M	59.85M	42.33M
Levered Free Cash Flow	215M	219M	63.88M	140M	191M
Unlevered Free Cash Flow	215M	219M	63.88M	140M	191M
Change In Net Working Capital	30.19M	2.93M	66.38M	2.1M	-18.34M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.35	8.48	3.86	3.59	5.07
Return on Total Capital	14.35	11.45	5.01	4.54	6.44
Return On Equity %	20.79	15.03	7.69	7.03	7.61
Return on Common Equity	20.79	15.03	7.69	7.03	7.61
Margin Analysis
Gross Profit Margin %	73.26	71.75	71.79	68.43	66.92
SG&A Margin	29.83	31.02	40.49	40.56	36.59
EBITDA Margin %	32.34	28.65	17.26	16.16	19.45
EBITA Margin %	30.74	27.03	15.2	13.83	17.41
EBIT Margin %	30.38	26.7	14.65	12.58	16.35
Income From Continuing Operations Margin %	26.99	21.42	13.52	11.61	11.51
Net Income Margin %	26.99	21.42	13.52	11.61	11.51
Net Avail. For Common Margin %	26.99	21.42	13.52	11.61	11.51
Normalized Net Income Margin	19.22	16.97	9.5	8.99	11.17
Levered Free Cash Flow Margin	20.76	21.81	7.63	15.3	19.16
Unlevered Free Cash Flow Margin	20.76	21.81	7.63	15.3	19.16
Asset Turnover
Asset Turnover	0.55	0.51	0.42	0.46	0.5
Fixed Assets Turnover	10.25	9.23	5.61	5.28	6.14
Receivables Turnover (Average Receivables)	7.81	7.68	6.86	6.96	6.41
Inventory Turnover (Average Inventory)	3.19	2.41	1.66	1.81	2.23
Short Term Liquidity
Current Ratio	3.39	3.82	4.47	3.62	3.8
Quick Ratio	2.44	2.83	2.97	2.34	2.75
Operating Cash Flow to Current Liabilities	1.67	1.3	0.74	0.88	1.34
Days Sales Outstanding (Average Receivables)	46.75	47.51	53.2	52.62	56.92
Days Outstanding Inventory (Average Inventory)	114.48	151.29	219.92	202.71	163.89
Average Days Payable Outstanding	33.41	44.23	32.09	38.34	52.07
Cash Conversion Cycle (Average Days)	127.83	154.57	241.03	216.99	168.74
Long Term Solvency
Total Debt/Equity	1.79	2.76	5.22	4.63	5.13
Total Debt / Total Capital	1.76	2.69	4.96	4.42	4.88
LT Debt/Equity	1.24	2.18	4.58	4.04	4.35
Long-Term Debt / Total Capital	1.22	2.12	4.36	3.86	4.14
Total Liabilities / Total Assets	28.63	26.54	25.43	23.85	26.02
Total Debt / EBITDA	0.07	0.13	0.5	0.43	0.37
Net Debt / EBITDA	-0.87	-1.21	-1.62	-1.08	-1.25
Total Debt / (EBITDA - Capex)	0.08	0.14	0.59	0.48	0.38
Net Debt / (EBITDA - Capex)	-0.91	-1.3	-1.9	-1.19	-1.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.88	-2.99	-16.75	9.19	8.73
Gross Profit, 1 Yr. Growth %	25.67	-4.99	-16.71	4.08	6.33
EBITDA, 1 Yr. Growth %	44.23	-14.04	-49.85	2.19	30.87
EBITA, 1 Yr. Growth %	51.51	-14.69	-53.18	-0.65	36.83
EBIT, 1 Yr. Growth %	52.94	-14.74	-54.33	-6.22	41.28
Earnings From Cont. Operations, 1 Yr. Growth %	58.86	-22.99	-47.46	-6.24	7.79
Net Income, 1 Yr. Growth %	58.86	-22.99	-47.46	-6.24	7.79
Normalized Net Income, 1 Yr. Growth %	43.46	-14.35	-53.37	3.25	35.18
Diluted EPS Before Extra, 1 Yr. Growth %	56	-21.15	-47.15	-4.72	9.8
Accounts Receivable, 1 Yr. Growth %	2.29	-5.02	-8.64	25.61	11.8
Inventory, 1 Yr. Growth %	85.93	8.29	32.5	-2.93	-12.47
Net Property, Plant and Equip., 1 Yr. Growth %	-1.03	16.58	54.15	-8.4	-4.49
Total Assets, 1 Yr. Growth %	11.27	-2.27	3.05	-1.24	1.19
Tangible Book Value, 1 Yr. Growth %	17.35	0.58	-15.61	4.33	-1.67
Common Equity, 1 Yr. Growth %	13.3	0.58	4.61	0.85	-1.69
Cash From Operations, 1 Yr. Growth %	29.56	-22.5	-53.61	32.03	64.68
Capital Expenditures, 1 Yr. Growth %	16.18	27.25	17.34	-34.81	-41.88
Levered Free Cash Flow, 1 Yr. Growth %	34.65	1.9	-70.89	119	36.17
Unlevered Free Cash Flow, 1 Yr. Growth %	34.65	1.9	-70.89	119	36.17
Dividend Per Share, 1 Yr. Growth %	8.89	8.16	7.55	7.02	6.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.55	11.38	-10.13	-4.66	8.96
Gross Profit, 2 Yr. CAGR %	19.08	9.27	-11.05	-6.89	5.2
EBITDA, 2 Yr. CAGR %	41.5	11.35	-34.34	-28.41	15.64
EBITA, 2 Yr. CAGR %	47.77	13.69	-36.8	-31.8	16.59
EBIT, 2 Yr. CAGR %	48.65	14.19	-37.6	-34.56	15.1
Earnings From Cont. Operations, 2 Yr. CAGR %	17.17	10.6	-36.39	-29.81	0.53
Net Income, 2 Yr. CAGR %	17.17	10.6	-36.39	-29.81	0.53
Normalized Net Income, 2 Yr. CAGR %	40.48	10.85	-36.81	-30.62	18.14
Diluted EPS Before Extra, 2 Yr. CAGR %	15.97	10.91	-35.45	-29.04	2.28
Accounts Receivable, 2 Yr. CAGR %	11.41	-1.43	-6.85	7.12	18.5
Inventory, 2 Yr. CAGR %	37	41.9	19.79	13.41	-7.82
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.97	7.41	34.05	18.83	-6.46
Total Assets, 2 Yr. CAGR %	3.07	4.28	0.35	0.88	-0.03
Tangible Book Value, 2 Yr. CAGR %	4.72	8.64	-7.87	-6.17	1.29
Common Equity, 2 Yr. CAGR %	2.71	6.75	2.58	2.71	-0.43
Cash From Operations, 2 Yr. CAGR %	11.35	0.21	-40.04	-21.74	47.46
Capital Expenditures, 2 Yr. CAGR %	-15.69	21.59	22.2	-12.54	-38.45
Levered Free Cash Flow, 2 Yr. CAGR %	1.08	17.14	-45.54	-20.15	72.69
Unlevered Free Cash Flow, 2 Yr. CAGR %	1.08	17.14	-45.54	-20.15	72.69
Dividend Per Share, 2 Yr. CAGR %	9.32	8.53	7.85	7.28	6.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.75	11.51	1.08	-4.11	-0.39
Gross Profit, 3 Yr. CAGR %	8.17	10.44	-0.19	-6.26	-2.68
EBITDA, 3 Yr. CAGR %	11.39	19.84	-14.65	-23.91	-12.47
EBITA, 3 Yr. CAGR %	12.44	23.05	-15.42	-26.52	-13.98
EBIT, 3 Yr. CAGR %	12.53	23.51	-15.86	-28.52	-15.42
Earnings From Cont. Operations, 3 Yr. CAGR %	8.48	1.87	-13.7	-27.61	-19.02
Net Income, 3 Yr. CAGR %	8.48	1.87	-13.7	-27.61	-19.02
Normalized Net Income, 3 Yr. CAGR %	10.78	19.12	-16.95	-25.57	-13.34
Diluted EPS Before Extra, 3 Yr. CAGR %	7.95	1.97	-13.38	-26.5	-17.93
Accounts Receivable, 3 Yr. CAGR %	1.76	5.64	-3.9	2.91	8.66
Inventory, 3 Yr. CAGR %	10.74	26.67	38.69	11.68	4.03
Net Property, Plant and Equip., 3 Yr. CAGR %	3.29	3.15	21.16	18.07	10.48
Total Assets, 3 Yr. CAGR %	15.82	1.26	3.87	-0.18	0.98
Tangible Book Value, 3 Yr. CAGR %	5.15	3.32	-0.13	-3.97	-4.69
Common Equity, 3 Yr. CAGR %	8	1.99	6.03	2	1.22
Cash From Operations, 3 Yr. CAGR %	12.02	-1.32	-22.48	-21.99	0.29
Capital Expenditures, 3 Yr. CAGR %	-25.31	-3.29	20.16	-0.9	-23.68
Levered Free Cash Flow, 3 Yr. CAGR %	20.47	1.35	-26.35	-13.39	-4.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.47	1.35	-26.35	-13.39	-4.6
Dividend Per Share, 3 Yr. CAGR %	9.82	8.93	8.2	7.57	7.04
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.39	5.6	0.76	4.74	4.16
Gross Profit, 5 Yr. CAGR %	13.78	4.52	0.03	3.15	1.93
EBITDA, 5 Yr. CAGR %	14.67	0.89	-9.84	-2.48	-3.62
EBITA, 5 Yr. CAGR %	15.15	0.73	-10.7	-2.83	-3.83
EBIT, 5 Yr. CAGR %	15.38	0.75	-11.11	-4.2	-4.63
Earnings From Cont. Operations, 5 Yr. CAGR %	14.22	4.05	-12.38	-12.23	-8.27
Net Income, 5 Yr. CAGR %	14.26	4.05	-12.38	-12.23	-8.27
Normalized Net Income, 5 Yr. CAGR %	14.56	0.5	-11.5	-4.04	-4.37
Diluted EPS Before Extra, 5 Yr. CAGR %	13.45	4.65	-12.12	-11.8	-7.42
Accounts Receivable, 5 Yr. CAGR %	18.43	0.12	-1.77	6.23	4.5
Inventory, 5 Yr. CAGR %	33.19	12.51	14.27	21.19	17.78
Net Property, Plant and Equip., 5 Yr. CAGR %	13.28	8.51	14.64	9.16	9.24
Total Assets, 5 Yr. CAGR %	14.04	8.74	9.37	1.11	2.29
Tangible Book Value, 5 Yr. CAGR %	6.49	4.07	-0.26	-0.58	0.43
Common Equity, 5 Yr. CAGR %	8.24	5.59	5.8	2.28	3.4
Cash From Operations, 5 Yr. CAGR %	11.52	1.65	-12.76	-10.06	0.26
Capital Expenditures, 5 Yr. CAGR %	3.82	-7.32	-9.06	-7.1	-8.05
Levered Free Cash Flow, 5 Yr. CAGR %	12.09	15.04	-12.3	-7.87	3.56
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.09	15.04	-12.3	-7.87	3.56
Dividend Per Share, 5 Yr. CAGR %	10.68	9.61	9.03	8.27	7.63