Cognex Corporation (CGNX)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	601,241	635,761	645,226	662,028	721,905	727,324	774,221	778,462	759,827	753,299	745,495	663,546	604,599	561,042	505,403	534,706	535,871	535,871	535,871	535,871
Revenue (ttm)	US$ in thousands	824,931	871,996	891,741	923,419	1,004,258	1,006,206	1,082,805	1,078,739	1,034,795	1,014,415	983,583	884,497	810,787	756,941	685,541	715,295	724,470	747,987	1,030,020	1,042,097
Gross profit margin		72.88%	72.91%	72.36%	71.69%	71.88%	72.28%	71.50%	72.16%	73.43%	74.26%	75.79%	75.02%	74.57%	74.12%	73.72%	74.75%	73.97%	71.64%	52.03%	51.42%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $601,241K ÷ $824,931K
= 72.88%

Cognex Corp.'s gross profit margin has exhibited relatively stable performance over the past eight quarters, ranging from 71.29% to 72.28%. Despite slight fluctuations, the margins have generally stayed above 71%, indicating efficient control over the production costs and pricing strategies. The highest margin of 72.28% was recorded in Q2 2023, while the lowest was 71.29% in Q2 2022. Overall, the company has managed to maintain healthy profitability in its core operations during the periods covered.