Cognex Corporation (CGNX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 115,065 | 130,702 | 246,229 | 315,101 | 170,529 |
| Revenue | US$ in thousands | 915,950 | 825,325 | 1,004,230 | 1,034,800 | 812,977 |
| Operating profit margin | 12.56% | 15.84% | 24.52% | 30.45% | 20.98% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $115,065K ÷ $915,950K
= 12.56%
Cognex Corporation's operating profit margin has shown fluctuations over the past five years. The margin stood at 20.98% as of December 31, 2020, and exhibited a positive trend, reaching 30.45% by December 31, 2021. However, there was a decrease in the operating profit margin to 24.52% by December 31, 2022, followed by a notable decline to 15.84% by December 31, 2023. The margin further decreased to 12.56% as of December 31, 2024.
It is evident that Cognex Corporation experienced both periods of improvement and decline in its operating profit margin over the specified timeframe. The fluctuations suggest that the company's ability to generate profits from its core operations has varied, potentially influenced by factors such as changes in costs, pricing strategies, revenue trends, or operational efficiency. Monitoring this metric can provide stakeholders with insights into the company's profitability dynamics and overall financial health.
Peer comparison
Dec 31, 2024