10x Insights
Loading account…
Companies / Information Technology / Cognex Corporation
CGNX

Cognex Corporation

Information TechnologyMedical Instruments
Ticker CGNXNATICK, MAFiscal year ends DecemberBook value per share $9.63Diluted shares 169.2M

Cognex Corporation (Nasdaq: CGNX) develops industrial machine vision systems that capture and analyze visual information to automate manufacturing and distribution tasks, including locating, identifying, inspecting, measuring, and tracking discrete items. Its hardware and software products include 2D and 3D vision… From the company’s description.

In fiscal 2025, Cognex Corporation reported revenue of $994.36M, up 8.7% from fiscal 2024, and net income of $114.44M. Its operating margin was 16.3%, and operations generated $245.51M in cash. Over the twelve months to Jul 5, 2026, revenue was $1.09B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-05
Sales & profitability
$994.36MFY2025
+8.7% year over year
Last 12 mo $1.09B
16.35%FY2025
+3.8 percentage points
Last 12 mo 21.90%
$114.44MFY2025
+7.8% year over year
Last 12 mo $174.79M
7.67%FY2025
+0.7 percentage points
Last 12 mo 10.73%
Cash & financing
$245.51MFY2025
+64.7% year over year
Last 12 mo $276.63M
$236.77MFY2025
+76.6% year over year
Last 12 mo $268.30M
—
169.4MFY2025
−1.9% year over year
Last 12 mo 169.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cognex Corporation does

In the company’s own words

Cognex Corporation (Nasdaq: CGNX) develops industrial machine vision systems that capture and analyze visual information to automate manufacturing and distribution tasks, including locating, identifying, inspecting, measuring, and tracking discrete items. Its hardware and software products include 2D and 3D vision systems and sensors, AI-enabled vision software, industrial image-based barcode readers, cameras, lenses, and lighting. Customers span industries that manufacture products on assembly lines or move goods through distribution centers and warehouses, with logistics, packaging, consumer electronics, and automotive accounting for approximately 85% of 2025 revenue. Cognex also serves semiconductor and other industrial markets, and offers maintenance, support, consulting, and training. Products are sold directly and through distributors, OEMs, machine builders, system integrators, and other partners. Major product lines include In-Sight vision systems and sensors, VisionPro software, and DataMan barcode readers; OneVision is its cloud-based platform for developing and scaling AI-powered vision applications. The 2023 acquisition of optical-components provider Moritex expanded its portfolio of lenses and lighting. Cognex generated approximately $1.0 billion in revenue in 2025 and employed 2,745 people worldwide at year-end. Its website is www.cognex.com.

Company details
Sector
Information Technology
Industry (SIC)
Medical Instruments
Headquarters
NATICK, MA
Fiscal year end
December
CIK
851205
SIC
3823

Financial performance, year by year

Fiscal 2013–2025 · USD
$-108.89M$217.79M$544.47M$871.14M$1.20B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cognex Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

469
funds hold it
0 of 35
superinvestors hold it
$4.66B
held by funds, at market
40.5%
of shares held by funds

Largest fund holders · Cognex Corporation’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.33%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.15%of fund net assets
0.11%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.34%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cognex Corporation and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cognex Corporation's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cognex Corporation's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.