Cognex Corporation (CGNX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 106,171 | 113,234 | 215,525 | 279,881 | 176,186 |
| Revenue | US$ in thousands | 915,950 | 825,325 | 1,004,230 | 1,034,800 | 812,977 |
| Net profit margin | 11.59% | 13.72% | 21.46% | 27.05% | 21.67% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $106,171K ÷ $915,950K
= 11.59%
The net profit margin of Cognex Corporation has displayed some fluctuations over the past five years. In December 2020, the company's net profit margin stood at 21.67%, indicating that for every dollar of revenue generated, the company retained approximately $0.2167 as profit. By December 2021, the net profit margin had improved to 27.05%, reflecting a stronger profitability performance. However, in December 2022, the net profit margin declined to 21.46%, suggesting a decrease in the company's ability to convert revenue into profit.
Furthermore, by December 2023, Cognex Corporation experienced a significant drop in net profit margin to 13.72%, signaling a notable decline in profitability. This downward trend persisted as of December 2024, with the net profit margin decreasing further to 11.59%.
Overall, the analysis of Cognex Corporation's net profit margin highlights fluctuations in the company's profitability over the years, with a varying ability to generate profit from its revenue streams. Further assessment and strategic measures may be necessary to address the declining profitability trend observed in the most recent periods.
Peer comparison
Dec 31, 2024