Cognex Corporation

CGNX

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

915

Cost of Revenue

289

Gross Profit

626

Gross Margin

68.4%

Operating Income

115

Operating Margin

12.6%

Net Income

106

Net Margin

11.6%

EPS (Basic)

$0.62

EPS (Diluted)

$0.62

EBITDA

148

EBITDA Margin

16.2%

2023

12/31/2023

Revenue

838

Cost of Revenue

236

Gross Profit

601

Gross Margin

71.8%

Operating Income

131

Operating Margin

15.6%

Net Income

113

Net Margin

13.5%

EPS (Basic)

$0.66

EPS (Diluted)

$0.65

EBITDA

145

EBITDA Margin

17.3%

2022

12/31/2022

Revenue

1,006

Cost of Revenue

284

Gross Profit

722

Gross Margin

71.8%

Operating Income

246

Operating Margin

24.5%

Net Income

216

Net Margin

21.4%

EPS (Basic)

$1.24

EPS (Diluted)

$1.23

EBITDA

288

EBITDA Margin

28.7%

2021

12/31/2021

Revenue

1,037

Cost of Revenue

277

Gross Profit

760

Gross Margin

73.3%

Operating Income

315

Operating Margin

30.4%

Net Income

280

Net Margin

27.0%

EPS (Basic)

$1.59

EPS (Diluted)

$1.56

EBITDA

335

EBITDA Margin

32.3%

2020

12/31/2020

Revenue

811

Cost of Revenue

206

Gross Profit

605

Gross Margin

74.5%

Operating Income

171

Operating Margin

21.0%

Net Income

176

Net Margin

21.7%

EPS (Basic)

$1.02

EPS (Diluted)

$1.00

EBITDA

233

EBITDA Margin

28.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	915	838	1,006	1,037	811
Cost of Revenue	289	236	284	277	206
Gross Profit	626	601	722	760	605
Gross Margin	68.4%	71.8%	71.8%	73.3%	74.5%
Operating Income	115	131	246	315	171
Operating Margin	12.6%	15.6%	24.5%	30.4%	21.0%
Net Income	106	113	216	280	176
Net Margin	11.6%	13.5%	21.4%	27.0%	21.7%
EPS (Basic)	$0.62	$0.66	$1.24	$1.59	$1.02
EPS (Diluted)	$0.62	$0.65	$1.23	$1.56	$1.00
EBITDA	148	145	288	335	233
EBITDA Margin	16.2%	17.3%	28.7%	32.3%	28.7%