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Cognex CGNX Gross margin

Gross margin at other companies

Zebra Technologies logo
Zebra TechnologiesZBRA
48.2%-0.6pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
42.9%0.0pp
Onto Innovation logo
Onto InnovationONTO
48.8%-3.9pp
Lattice Semiconductor logo
Lattice SemiconductorLSCC
68.4%+1.8pp
Rockwell Automation logo
Rockwell AutomationROK
52.5%+1.4pp
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
39.1%-2.9pp

Other financials

Income statement

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Revenue$268.4M+24.3%
Gross profit$190.9M+32.3%
Operating income$59.9M+129%
Net income$51.7M+119%
EPS (diluted)$0.31+121%

Balance sheet

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Cash & equivalents$237.3M+65.1%
Total debt$74.0M+0.4%
Total equity$1.5B+2.3%
Total assets$2.0B+3.8%

Cash flow

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Operating cash flow$45.1M+11.3%
CapEx$2.8M+10.2%
Free cash flow$42.3M+11.4%

Valuation

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Market cap$11B+61.9%
Enterprise value$10.84B+60.9%
P/E77.2×+19.5×
P/S10.5×+3.1×

Profitability

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Operating margin18.8%+5.0pp
Net margin13.6%+0.8pp
FCF margin23%+5.4pp

Returns & leverage

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Return on equity9.7%+1.7pp
Debt / equity0.1×0.0×
Current ratio3.6×+0.5×

Where this comes from

Calculated from Cognex’s reported figures.

Based on trailing twelve months.

The official record: Cognex’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cognex's gross margin?
Cognex (CGNX) reported gross margin of 68% in Q1 2026.
How has Cognex's gross margin changed year-over-year?
Cognex's gross margin decreased by 0.4% year-over-year, from 68.3% to 68%.
What is the long-term trend for Cognex's gross margin?
Over 5 years (2020 to 2025), Cognex's gross margin has grown at a -2.1% compound annual growth rate (CAGR), from 74.5% to 66.9%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.