Cognex Corporation (CGNX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 131,489 | 135,348 | 250,695 | 318,900 | 186,911 |
| Revenue | US$ in thousands | 915,950 | 825,325 | 1,004,230 | 1,034,800 | 812,977 |
| Pretax margin | 14.36% | 16.40% | 24.96% | 30.82% | 22.99% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $131,489K ÷ $915,950K
= 14.36%
The pretax margin of Cognex Corporation has fluctuated over the analyzed period. In December 31, 2020, the pretax margin was 22.99%, showing a healthy level of profitability. Subsequently, there was a significant increase to 30.82% by December 31, 2021, indicating improved operational efficiency and profitability. However, the pretax margin declined to 24.96% by December 31, 2022, which may suggest potential challenges or increased costs.
By December 31, 2023, the pretax margin further decreased to 16.40%, indicating a notable decline in profitability, potentially due to various factors such as increased expenses or a decrease in revenue. Lastly, by December 31, 2024, the pretax margin declined to 14.36%, signaling continued challenges in maintaining profitability. Overall, Cognex Corporation experienced fluctuations in its pretax margin, indicating the need for further analysis to understand the underlying reasons for these changes and to implement strategies to improve profitability in the future.
Peer comparison
Dec 31, 2024