Cognex Corporation (CGNX)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	115,065	96,954	96,027	122,745	130,702	172,310	181,696	181,662	246,229	248,412	295,936	323,376	315,101	317,666	326,754	228,031	170,529	129,051	75,508	133,406
Revenue (ttm)	US$ in thousands	915,950	880,891	832,846	834,652	825,325	872,390	892,135	923,813	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
Operating profit margin		12.56%	11.01%	11.53%	14.71%	15.84%	19.75%	20.37%	19.66%	24.52%	24.69%	27.33%	29.98%	30.45%	31.32%	33.22%	25.78%	21.03%	17.05%	11.01%	18.65%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $115,065K ÷ $915,950K
= 12.56%

The operating profit margin of Cognex Corporation has displayed fluctuations over the analyzed periods. It increased from 18.65% in March 2020 to a peak of 33.22% in June 2021, showcasing a strong upward trend. However, the margin started to decline thereafter, reaching 11.01% by September 2024.

Despite the fluctuations, the company generally maintained a healthy operating profit margin above 10% throughout the period. The margins peaked in the mid-30% range in 2021, indicating strong operational efficiency and profitability during that period. However, there was a notable downward trend in the later periods, with the margin declining to around 11% by the end of 2024.

Overall, Cognex Corporation's operating profit margin has shown variability, with both peaks and troughs observed over the analyzed period. Investors and stakeholders may want to further investigate the factors contributing to these fluctuations to assess the company's operational performance and financial health accurately.