Cognex Corporation (CGNX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 625,794 | 601,241 | 721,905 | 759,827 | 604,599 |
| Revenue | US$ in thousands | 915,950 | 825,325 | 1,004,230 | 1,034,800 | 812,977 |
| Gross profit margin | 68.32% | 72.85% | 71.89% | 73.43% | 74.37% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $625,794K ÷ $915,950K
= 68.32%
Based on the provided data, Cognex Corporation's gross profit margin has shown some fluctuations over the years. Starting at 74.37% on December 31, 2020, the gross profit margin declined to 73.43% by December 31, 2021, before further decreasing to 71.89% by the end of 2022. However, there was a slight improvement by December 31, 2023, with the gross profit margin rising to 72.85%. The most significant drop was observed by December 31, 2024, where the margin decreased markedly to 68.32%.
These fluctuations in the gross profit margin could be indicative of various factors affecting the company's profitability, such as changes in sales revenue, cost of goods sold, pricing strategies, or operational efficiencies. It is essential for stakeholders to closely monitor these changes and assess the underlying reasons driving the fluctuations to make informed decisions regarding the company's financial performance and future prospects.
Peer comparison
Dec 31, 2024