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.