Cognex (CGNX) FY2024 results: revenue $915 million, up 9.2% on the year
Cognex Corp. (CGNX) reported revenue of $915 million for fiscal 2024, the year ended 31 December 2024, up 9.2% on the year before. Net income was $106 million, down 6.2%, and diluted earnings per share $0.62. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$915 million
+9.2% on the year
FY2017FY2024
Operating margin
12.6%
15.6% a year earlier
FY2017FY2024
Net income
$106 million
-6.2% on the year
FY2017FY2024
Diluted EPS
$0.62
-4.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
149
113
243
+32.0%
Capital expenditure
15.0
23.1
19.7
-34.8%
Free cash flow
134
89.8
224
+49.2%
Free cash flow margin
14.7%
10.7%
22.2%
Cash from investing
-39.0
32.3
-4.5
Cash from financing
-118
-126
-240
Depreciation and amortisation
32.7
21.9
19.6
+49.4%
Share-based compensation
52.4
54.8
54.5
-4.2%
Buybacks
67.1
79.8
204
-15.9%
Dividends paid
52.3
49.1
45.9
+6.6%
Dividend per share
$0.30
$0.29
$0.27
+6.6%
Diluted shares, weighted
173m
173m
175m
-0.5%
Shares outstanding at period end
170m
172m
173m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,518
1,505
1,438
+0.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
61.4
69.0
31.3
-11.0%
Other liabilities
414
444
488
-6.8%
Total liabilities and equity
1,993
2,018
1,958
-1.2%
Fixed assets
98.4
106
79.7
-7.0%
Goodwill
385
393
243
-2.1%
Intangible assets
90.7
113
12.4
-19.7%
Investments
401
374
673
+7.3%
Cash and equivalents
186
203
181
-8.2%
Receivables
143
114
125
+25.6%
Inventory
158
162
122
-2.9%
Other assets
531
553
521
-4.0%
Total assets
1,993
2,018
1,958
-1.2%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.