Cognex Corporation (CGNX)
Pretax margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Earnings before tax but after interest (EBT) | US$ in thousands | 135,348 | 250,695 | 318,900 | 186,911 | 162,994 |
Revenue | US$ in thousands | 825,325 | 1,004,230 | 1,034,800 | 812,977 | 725,116 |
Pretax margin | 16.40% | 24.96% | 30.82% | 22.99% | 22.48% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $135,348K ÷ $825,325K
= 16.40%
Cognex Corp.'s pretax margin has shown variability over the past five years. The trend indicates a gradual decrease in the pretax margin from 30.75% in 2021 to 16.16% in 2023. This decline suggests a decreasing profitability before accounting for taxes. The fluctuations in the pretax margin may indicate changes in the company's cost structure, pricing strategies, or operational efficiency over the period. Further investigation into the specific factors driving these changes is recommended to assess the company's financial performance accurately.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Cognex Corporation
CGNX
16.40%
Ametek Inc
AME
24.66%
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23.58%
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16.73%
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