Cognex Corporation (CGNX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 131,489 110,043 100,490 126,699 135,348 180,225 192,568 189,206 250,695 249,411 298,650 327,773 318,900 325,873 338,598 242,748 186,911 144,912 90,970 150,257
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
Pretax margin 14.36% 12.49% 12.07% 15.18% 16.40% 20.66% 21.59% 20.48% 24.96% 24.79% 27.58% 30.38% 30.82% 32.12% 34.42% 27.44% 23.05% 19.14% 13.27% 21.01%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $131,489K ÷ $915,950K
= 14.36%

The pretax margin of Cognex Corporation has fluctuated over the observed period. It started at 21.01% as of March 31, 2020, decreased to 13.27% by June 30, 2020, and then showed an increasing trend, reaching a peak of 34.42% by June 30, 2021. Subsequently, the pretax margin began to decline gradually to 14.36% by December 31, 2024. Overall, although there were fluctuations, Cognex Corporation maintained relatively healthy pretax margins during the period under consideration, displaying efficiency in generating profits before accounting for taxes.