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Cognex CGNX Operating margin

Operating margin at other companies

Zebra Technologies logo
Zebra TechnologiesZBRA
12.9%-2.3pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
19%+1.5pp
Onto Innovation logo
Onto InnovationONTO
10%-10.2pp
Lattice Semiconductor logo
Lattice SemiconductorLSCC
5.3%
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
12.6%-1.1pp
ON Semiconductor logo
ON SemiconductorON
10%-0.1pp

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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Gross margin68%-0.3pp
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 operating margin?
Cognex (CGNX) reported operating margin of 18.8% in Q1 2026.
How has Cognex's operating margin changed year-over-year?
Cognex's operating margin increased by 35.9% year-over-year, from 13.8% to 18.8%.
What is the long-term trend for Cognex's operating margin?
Over 5 years (2020 to 2025), Cognex's operating margin has grown at a -4.9% compound annual growth rate (CAGR), from 21% to 16.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.