Cognex Corporation Income Statement 2025-2007 | CGNX

Brief overview of financial performance at Cognex Corporation

The overview follows changes across a five-year period. Cognex Corporation reported revenue of 811 million dollars in 2020 and 994 million dollars by 2025. The cumulative result was +22.6%, corresponding to roughly 4.2% per year. The scale of the core business was largely unchanged.

The gross result shifted from 605 million dollars to 665 million dollars, or +10.1%. Costs absorbed a larger share of revenue over the period. Comparing the endpoints gives gross margins of 74.5% and 66.9%. The contraction points to pressure from direct costs or weaker pricing power.

The five-year EBITDA result moved by −5.1%: from $193 million to $183 million. EBITDA underperformed the top-line trend. Comparing the endpoints gives EBITDA margins of 23.8% and 18.4%. Cost pressure reduced operating profitability.

The net result moved from $176 million to $114 million, or −35%. Lower net income weakens the overall financial picture.

Over the period, capitalization shifted from $13.5 billion to $9.9 billion (−26.8%). Market expectations deteriorated over the period.

Summary assessment

The results contain several connected negative signals. The overall view is constrained by a softer top-line trend, a weaker market valuation and a declining EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.