Cognex Corporation (CGNX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 268.44M | 252.34M | 276.89M | 249.09M | 216.04M | 229.68M | 234.74M | 239.29M | 210.8M | 196.67M | 197.24M | 242.51M | 201.12M | 239.43M | 209.62M | 274.63M | 282.41M | 244.06M | 284.85M | 269.16M |
| Revenue Growth % | 24.26% | 9.86% | 17.96% | 4.1% | 2.49% | 16.79% | 19.01% | -1.33% | 4.81% | -17.86% | -5.91% | -11.69% | -28.78% | -1.9% | -26.41% | 2.03% | 18.15% | 9.15% | 13.45% | 59.17% |
| Cost of Goods Sold | 77.5M | 86.43M | 89.6M | 81.22M | 71.71M | 71.83M | 75.34M | 72.69M | 68.86M | 61.63M | 54.47M | 62.83M | 57.38M | 69.87M | 57.38M | 78.14M | 78.79M | 69.08M | 85.71M | 68.43M |
| COGS % of Revenue | 28.87% | 34.25% | 32.36% | 32.61% | 33.19% | 31.27% | 32.1% | 30.38% | 32.67% | 31.33% | 27.61% | 25.91% | 28.53% | 29.18% | 27.37% | 28.45% | 27.9% | 28.3% | 30.09% | 25.42% |
| Gross Profit | 190.94M | 165.9M | 187.29M | 167.88M | 144.32M | 157.86M | 159.4M | 166.6M | 141.94M | 135.04M | 142.77M | 179.68M | 143.74M | 169.56M | 152.24M | 196.49M | 203.62M | 174.98M | 199.14M | 200.73M |
| Gross Margin % | 71.13% | 65.75% | 67.64% | 67.39% | 66.81% | 68.73% | 67.9% | 69.62% | 67.33% | 68.67% | 72.39% | 74.09% | 71.47% | 70.82% | 72.63% | 71.55% | 72.1% | 71.7% | 69.91% | 74.58% |
| Gross Profit Growth % | 32.3% | 5.1% | 17.5% | 0.77% | 1.68% | 16.89% | 11.64% | -7.28% | -1.25% | -20.36% | -6.22% | -8.55% | -29.41% | -3.1% | -23.55% | -2.11% | 10.07% | 3.88% | 4.08% | 68.99% |
| Operating Expenses | 131.07M | 130.63M | 129.53M | 124.44M | 118.23M | 127.02M | 127.83M | 128.14M | 127.73M | 122.31M | 112.14M | 114.51M | 121.58M | 115.23M | 112.22M | 131.34M | 116.89M | 118.46M | 111.59M | 108.14M |
| OpEx % of Revenue | 48.83% | 51.77% | 46.78% | 49.96% | 54.73% | 55.3% | 54.46% | 53.55% | 60.6% | 62.19% | 56.85% | 47.22% | 60.45% | 48.12% | 53.53% | 47.83% | 41.39% | 48.54% | 39.17% | 40.18% |
| Selling, General & Admin | 94.04M | 94.57M | 94.44M | 91.34M | 83.5M | 94.48M | 92.63M | 93.18M | 90.63M | 90.37M | 82.31M | 83.42M | 83.04M | 66.44M | 75.37M | 79.95M | 80.83M | 90M | 77.11M | 76.84M |
| SG&A % of Revenue | 35.03% | 37.48% | 34.11% | 36.67% | 38.65% | 41.14% | 39.46% | 38.94% | 42.99% | 45.95% | 41.73% | 34.4% | 41.29% | 27.75% | 35.96% | 29.11% | 28.62% | 36.88% | 27.07% | 28.55% |
| Research & Development | 37.02M | 36.06M | 35.08M | 33.1M | 34.73M | 32.54M | 35.21M | 34.96M | 37.1M | 34.69M | 32.58M | 33.59M | 38.54M | 37.13M | 33.95M | 33.99M | 36.05M | 35.49M | 34.48M | 31.3M |
| R&D % of Revenue | 13.79% | 14.29% | 12.67% | 13.29% | 16.07% | 14.17% | 15% | 14.61% | 17.6% | 17.64% | 16.52% | 13.85% | 19.16% | 15.51% | 16.2% | 12.38% | 12.77% | 14.54% | 12.1% | 11.63% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 0 | 1000K | 1000K | 1000K | 0 | -1000K | 0 | 0 |
| Operating Income | 59.87M | 35.28M | 57.77M | 43.43M | 26.09M | 30.84M | 31.56M | 38.46M | 14.2M | 12.73M | 30.64M | 65.17M | 22.16M | 54.34M | 40.02M | 65.14M | 86.73M | 56.52M | 87.55M | 92.58M |
| Operating Margin % | 22.3% | 13.98% | 20.86% | 17.44% | 12.08% | 13.43% | 13.45% | 16.07% | 6.74% | 6.47% | 15.53% | 26.88% | 11.02% | 22.69% | 19.09% | 23.72% | 30.71% | 23.16% | 30.73% | 34.4% |
| Operating Income Growth % | 129.47% | 14.38% | 83.01% | 12.94% | 83.69% | 142.28% | 3.03% | -40.99% | -35.91% | -76.57% | -23.45% | 0.05% | -74.45% | -3.86% | -54.28% | -29.64% | 10.55% | -4.34% | -9.4% | 1607.34% |
| EBITDA | 59.87M | 42.38M | 65.3M | 51.43M | 34.03M | 38.7M | 40.38M | 46.38M | 22.3M | 19.62M | 35.76M | 70.11M | 27.09M | 59.31M | 44.89M | 69.96M | 91.69M | 61.39M | 92.6M | 97.76M |
| EBITDA Margin % | 22.3% | 16.79% | 23.58% | 20.65% | 15.75% | 16.85% | 17.2% | 19.38% | 10.58% | 9.98% | 18.13% | 28.91% | 13.47% | 24.77% | 21.42% | 25.47% | 32.47% | 25.15% | 32.51% | 36.32% |
| EBITDA Growth % | 75.96% | 9.5% | 61.7% | 10.9% | 52.61% | 97.2% | 12.93% | -33.85% | -17.69% | -66.92% | -20.34% | 0.21% | -70.45% | -3.38% | -51.52% | -28.44% | 9.62% | -6.54% | -9.92% | 16668.1% |
| D&A (Non-Cash Add-back) | 0 | 7.1M | 7.53M | 8M | 7.93M | 7.86M | 8.82M | 7.92M | 8.09M | 6.89M | 5.12M | 4.93M | 4.93M | 4.98M | 4.87M | 4.82M | 4.96M | 4.87M | 5.05M | 5.18M |
| EBIT | 59.87M | 35.28M | 62.86M | 43.43M | 26.09M | 30.84M | 31.56M | 38.46M | 14.2M | 9.98M | 27.89M | 62.67M | 22.16M | 65.99M | 42.91M | 82.54M | 86.73M | 49.49M | 87.55M | 92.58M |
| Net Interest Income | 0 | 0 | 4.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 4.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.88M | 8.8M | 5.1M | 4.63M | 1.71M | 4.96M | 4.99M | 3.11M | 3.36M | 1.63M | -3.63M | 2.6M | 4.05M | 4.89M | -678K | -726K | 976K | 1.43M | 1.04M | 957K |
| Pretax Income | 61.76M | 44.08M | 62.86M | 48.06M | 27.8M | 35.8M | 36.55M | 41.57M | 17.57M | 14.35M | 27M | 67.78M | 26.21M | 59.23M | 39.34M | 64.42M | 87.7M | 57.95M | 88.58M | 93.54M |
| Pretax Margin % | 23.01% | 17.47% | 22.7% | 19.29% | 12.87% | 15.59% | 15.57% | 17.37% | 8.33% | 7.3% | 13.69% | 27.95% | 13.03% | 24.74% | 18.77% | 23.46% | 31.06% | 23.74% | 31.1% | 34.75% |
| Income Tax | 10.05M | 11.41M | 45.2M | 7.55M | 4.2M | 7.45M | 6.96M | 5.36M | 5.54M | 3.13M | 8.09M | 10.3M | 600K | 3.92M | 5.37M | 5.51M | 20.37M | 4.41M | 9.68M | 15.94M |
| Effective Tax Rate % | 16.28% | 25.9% | 71.9% | 15.71% | 15.09% | 20.82% | 19.05% | 12.88% | 31.56% | 21.77% | 29.95% | 15.2% | 2.29% | 6.62% | 13.64% | 8.56% | 23.23% | 7.61% | 10.93% | 17.04% |
| Net Income | 51.7M | 32.66M | 17.66M | 40.51M | 23.6M | 28.35M | 29.59M | 36.21M | 12.02M | 11.23M | 18.92M | 57.47M | 25.61M | 55.31M | 33.98M | 58.9M | 67.33M | 53.53M | 78.9M | 77.6M |
| Net Margin % | 19.26% | 12.94% | 6.38% | 16.26% | 10.93% | 12.34% | 12.61% | 15.13% | 5.7% | 5.71% | 9.59% | 23.7% | 12.74% | 23.1% | 16.21% | 21.45% | 23.84% | 21.93% | 27.7% | 28.83% |
| Net Income Growth % | 119.06% | 15.23% | -40.31% | 11.87% | 96.33% | 152.44% | 56.43% | -36.99% | -53.07% | -79.7% | -44.33% | -2.42% | -61.96% | 3.32% | -56.93% | -24.09% | -3.6% | -22.8% | -9.83% | 6894.92% |
| Net Income (Continuing) | 51.7M | 32.66M | 17.66M | 40.51M | 23.6M | 28.35M | 29.59M | 36.21M | 12.02M | 11.23M | 18.92M | 57.47M | 25.61M | 55.31M | 33.98M | 58.9M | 67.33M | 53.53M | 78.9M | 77.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.31 | 0.19 | 0.10 | 0.24 | 0.14 | 0.16 | 0.17 | 0.21 | 0.07 | 0.07 | 0.11 | 0.33 | 0.15 | 0.32 | 0.19 | 0.34 | 0.38 | 0.30 | 0.44 | 0.43 |
| EPS Growth % | 121.43% | 18.75% | -41.18% | 14.29% | 101.15% | 145.78% | 54.55% | -36.36% | -53.6% | -79.66% | -42.11% | -2.94% | -60.53% | 6.67% | -56.82% | -20.93% | -2.56% | -25% | -10.2% | - |
| EPS (Basic) | 0.31 | 0.20 | 0.11 | 0.24 | 0.14 | 0.17 | 0.17 | 0.21 | 0.07 | 0.07 | 0.11 | 0.33 | 0.15 | 0.32 | 0.20 | 0.34 | 0.39 | 0.30 | 0.45 | 0.44 |
| Diluted Shares Outstanding | 168.39M | 168.9M | 169.32M | 168.56M | 170.39M | 172.51M | 172.75M | 172.73M | 172.59M | 172.57M | 173.35M | 173.62M | 173.9M | 172.63M | 174.33M | 174.99M | 176.67M | 179.32M | 180.34M | 179.99M |
| Basic Shares Outstanding | 166.51M | 167.26M | 167.84M | 167.89M | 169.26M | 171.28M | 171.52M | 171.57M | 171.69M | 171.77M | 172.17M | 172.43M | 172.62M | 172.63M | 173.26M | 173.51M | 174.15M | 176.12M | 176.81M | 176.63M |
| Dividend Payout Ratio | 27.46% | 43.48% | 76.1% | 33.15% | 57.41% | 48.37% | 43.47% | 35.54% | 107.2% | 114.61% | 63.7% | 21% | 47.2% | 21.85% | 33.15% | 19.13% | 16.79% | 21.41% | 13.44% | 13.66% |