Cognex Corp (CGNX) Stock Analysis
Market Closed
Sector: Technology · Industry: Industrial Instruments For Measurement, Display, And Control
AnalystsStrong Buy28 analystsWhat's happening with CGNX
Price History
5-Year Weekly Candlestick Chart
Profile
Strong financial health and earnings quality; growth and valuation lag behind.
How is each axis scored?
- Valuation32/100 · Weak
- P/E vs own history (76th pct)5/25
- FCF yield (2.4%)5/25
- P/S (9.6x)12/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (-1.0%)0/25
- Net income CAGR (-20.0%)0/25
- EPS CAGR 5Y (-18.8%)0/25
- Fwd implied growth (87.3%)25/25
- Profitability64/100 · Moderate
- ROIC (13.1%)12/25
- ROE (9.6%)12/25
- Net margin (13.6%)20/25
- Operating margin (18.8%)20/25
- Financial Health100/100 · Strong
- Altman Z (12.28)25/25
- Current ratio (3.64)25/25
- Interest coverage (101.0x)25/25
- Net cash / debt (Net cash)25/25
- Quality84/100 · Strong
- Piotroski F (7/9)22/25
- Beneish M (-2.66)25/25
- FCF conversion (169%)25/25
- Margin stability (σ 8.0%)12/25
About Cognex Corp
Cognex Corp provides machine vision products that help automate manufacturing processes. Show more
The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. Geographically, it operates in United states, Europe, Greater China and others. Cognex generates the maximum proportion of its sales in the United States and Europe.
Headquarters: NATICK, MA · Employees: 2,745 · Website ↗
Insider Transactions
Recent SEC Form 4 filings
- SellOption exercise · filed 2026-08-12-1600 sh2026-08-11
- SellOption exercise · filed 2026-08-12-4000 sh2026-08-11
- SellOption exercise · filed 2026-08-12-7000 sh2026-08-11
- SellOpen market sale · filed 2026-08-12-8362 sh2026-08-11
- SellOpen market sale · filed 2026-08-12-7000 sh2026-08-11
+3 more recent filings
Key Metrics
Financial snapshot — pillar inputs plus per-share and market context
Valuation
32DP/E (TTM)70.9xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 26.9x–116.6x · 76th pct
P/FCF36.5xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield2.4%C
Grade C: LowTTM FCF / Market Cap — vs own 5Y history: 0.8%–4.1% · 57th pct
P/S (TTM)9.64xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 4.3x–16.3x · 74th pct
EV/EBITDA49.4xD
Grade D: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales11.6xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E37.8xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio6.82xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.35B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.57%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio47.7%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
64BROIC13.1%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.6%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA6.0%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin13.6%A
Grade A: HighNet Income / Revenue
Operating Margin18.8%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin68.0%A
Grade A: PremiumGross Profit / Revenue
FCF Margin23.0%A
Grade A: HighFCF / Revenue
True FCF Margin23.0%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Financial Health
100A+Altman Z-Score12.28A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio3.64xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.75xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage101.0xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.00xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Growth
25ERevenue CAGR-1.0%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-20.0%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-18.8%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth87.3%A
Grade A: HighImplied 1Y EPS growth from forward P/E vs our TTM EPS. Sparse — only where forward estimates exist
Dilution (5Y)-6.4%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Quality
84APiotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.66A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion169.1%A
Grade A: StrongFCF / Net Income
Margin Stability8.0%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue0.9%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.49xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Per Share, Balance Sheet, MarketHide additional metrics
Per Share
EPS (TTM)$0.85
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$2.02
Cash & short-term investments per share (Finnhub)
Book Value / Share$8.93
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$296.76M
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.48B
Shareholders' equity (book value)
Asset / Liability3.81xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$10.09B
Current Market Capitalization
Beta1.48C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
Takeaway
Neutral
Company is effectively debt-free after netting cash. · Current P/E of 70.9x sits at the 76th percentile of its historical range.
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Apr 2026 · Ratio snapshot Sep 23, 2026
Key Insights: Cognex Corp (CGNX)
Composite verdict for Cognex Corp: Neutral. Cognex Corp meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 12.28 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.66 suggests a low likelihood of earnings manipulation.
- Revenue has been contracting (CAGR ≈ -1%), which weighs on the growth outlook.
- Cognex Corp converts about 23% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
See how CGNX ranks on the Capex Tracker — top 50 capital spenders compared.
No significant market moves for CGNX in the last 30 days.
See CGNX move history →Frequently Asked Questions about CGNX
Is CGNX stock a buy right now?
PreMarketPrice's quantitative model rates Cognex Corp's financial health at 100/100 — Neutral. This is a data-driven snapshot of fundamentals, not investment advice.
Is CGNX stock overvalued?
Cognex Corp trades at a trailing P/E of 70.9 and our valuation score rates it 32/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Cognex Corp report earnings?
No confirmed earnings date is currently scheduled for CGNX. The Earnings section lists recent reports and updates as dates are announced.
What sector does Cognex Corp operate in?
Cognex Corp operates in the Technology sector, within the Industrial Instruments For Measurement, Display, And Control industry. The Related Stocks section lists sector peers for comparison.
What does Cognex Corp do?
Cognex Corp provides machine vision products that help automate manufacturing processes.
About Cognex Corp (CGNX) Stock
Cognex Corp (CGNX) is a US-listed stock operating in the Technology sector, specifically the Industrial Instruments For Measurement, Display, And Control industry. Real-time pricing data for Cognex Corp is available on this page with a market capitalization of $10.1 billion. The financial health score for CGNX is 100/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for CGNX stock.
CGNX Stock Analysis & Key Metrics
On PreMarketPrice, you can track Cognex Corp (CGNX) across multiple dimensions:
- Pre-market price & movement: Real-time CGNX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for CGNX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Cognex Corp across multiple reporting periods.
- Financial health score: A composite score of 100/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for CGNX.
- Sector peers: Compare CGNX against 10 other technology stocks on key financial metrics.
Is CGNX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Cognex Corp (CGNX) as an investment. The financial health score of 100/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Cognex Corp (CGNX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.