OverviewSuggest Edit

Cognex Corporation is a provider of machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes. Its products include barcode readers, machine vision sensors, and machine vision systems. The company primarily serves factories, warehouses, and distribution centers.

TypePublic
Founded1981
HQNatick, MA, US
Websitecognex.com
Employee Ratings4
Overall CultureF

Latest Updates

Employees (est.) (Dec 2020)2,055(-9%)
Job Openings196
Revenue (FY, 2020)$811 M(+12%)
Share Price (Sept 2021)$90(+3%)
Cybersecurity ratingBMore

Key People/Management at Cognex

Robert J. Shillman

Robert J. Shillman

Chairman, Founder
Robert Willett

Robert Willett

President and Chief Executive Officer, Director
Patrick A. Alias

Patrick A. Alias

Senior Vice President, Director
Eugene Banucci

Eugene Banucci

Director
Theodor Krantz

Theodor Krantz

Director
Sheila DiPalma

Sheila DiPalma

Executive VP of Corporate Employee Services and Corporate Officer
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Cognex Office Locations

Cognex has offices in Natick, Boulder, Brentwood, Cambridge and in 54 other locations
Natick, MA, US (HQ)
1 Vision Dr
Boulder, CO, US
4990 Pearl E Cir #300
Brentwood, TN, US
7104 Crossroads Blvd #121
Cambridge, MA, US
222 Third St
Cambridge, MA, US
25 First St
Carmel, IN, US
13295 N Illinois St Suite 209/211
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Cognex Financials and Metrics

Cognex Revenue

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Cognex's revenue was reported to be $811.02 m in FY, 2020
USD

Revenue (FY, 2020)

811.0m

Gross profit (FY, 2020)

604.6m

Gross profit margin (FY, 2020), %

74.5%

Net income (FY, 2020)

176.2m

EBIT (FY, 2020)

170.5m

Market capitalization (15-Sept-2021)

15.9b

Closing stock price (15-Sept-2021)

90.0

Cash (31-Dec-2020)

269.1m

EV

15.7b
Cognex's current market capitalization is $15.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

520.8m748.0m806.3m725.6m811.0m

Revenue growth, %

16%44%8%

Cost of goods sold

115.6m168.7m206.1m189.8m206.4m

Gross profit

405.2m579.3m600.3m535.9m604.6m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

79.6m106.6m108.2m171.4m269.1m

Accounts Receivable

55.4m119.4m119.2m103.4m125.7m

Prepaid Expenses

26.8m37.2m

Inventories

27.0m67.9m83.3m60.3m60.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

92.4m68.3m111.3m109.6m129.2m107.4m105.3m89.1m121.7m239.2m286.0m298.4m

Accounts Receivable

58.2m78.6m122.0m96.6m136.1m135.4m106.4m107.6m107.4m100.5m111.7m127.8m

Prepaid Expenses

34.5m28.1m35.9m51.8m37.4m

Inventories

32.6m36.5m48.1m96.4m89.6m94.0m79.2m72.9m65.3m55.0m53.0m53.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

149.6m177.2m219.3m203.9m176.2m

Depreciation and Amortization

15.1m17.0m21.5m24.9m26.5m

Inventories

10.4m(37.1m)(16.9m)23.1m(10.3m)

Accounts Payable

2.1m12.3m(7.2m)1.6m(1.7m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

45.7m101.7m204.1m37.2m93.4m173.8m33.1m81.9m123.5m20.5m19.3m106.8m

Depreciation and Amortization

4.0m8.0m12.4m5.2m10.4m15.8m5.2m12.1m17.9m7.0m13.7m19.9m

Inventories

(5.4m)(7.7m)(18.5m)(27.3m)(23.2m)(27.7m)4.1m10.4m18.0m5.0m(1.7m)(3.1m)

Accounts Payable

7.2m11.8m19.1m5.3m(10.9m)(1.2m)4.2m(4.5m)(3.4m)(1.6m)143.0k3.6m
USDFY, 2016

Revenue/Employee

366.5k

Financial Leverage

1.1 x
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Cognex Operating Metrics

Cognex's Backlog was reported to be $65.4m in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Backlog

$36.04 m$27.02 m$39.34 m$42.19 m$65.41 m

Distributors

522488468389386

Patents Issued

403437571571640

Patents Pending

330358415443490
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Cognex Acquisitions / Subsidiaries

Company NameDateDeal Size
ViDi SystemsApril 05, 2017
Webscan, IncDecember 09, 2016
*CHIARO TECHNOLOGIESNovember 30, 2016
EnshapeOctober 27, 2016
AQSENSEAugust 30, 2016
AssistWare TechnologyMay 22, 2006
Cognex DistributionMay 10, 2005$115 m
Cognex Asia, Inc.
Cognex Canada, Inc.
Cognex Canada Technology, Inc.
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Cognex Revenue Breakdown

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Cognex revenue breakdown by business segment: 81.2% from Standard Products and Services and 18.8% from Application-Specific Customer Solutions

Cognex revenue breakdown by geographic segment: 38.2% from Europe, 28.7% from United States, 15.6% from China and 17.4% from Other

Cognex Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Cognex Online and Social Media Presence

Embed Graph

Cognex Company Culture

  • Overall Culture

    F

    44/100

  • CEO Rating

    F

    49/100

  • Compensation

    C

    63/100

  • Diversity

    F

    38/100

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Cognex News and Updates

$ 1.51 bn growth in Machine Vision Camera Market with Basler AG, Baumer Holding AG, and Cognex Corp. Emerging as Prominent Vendors | Technavio

NEW YORK, Aug. 23, 2021 /PRNewswire/ -- The machine vision camera market size is expected to increase by USD 1.51 billion during 2021-2025, registering a CAGR of over 7% during the forecast period. The machine vision camera market report covers insights on major trends, key growth...

Cognex Reports Record Quarterly Revenue

Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2021. Cognex announced the highest quarterly revenue in the company’s 40-year history and new records for second quarter revenue, net income, and net income per diluted share. Table 1 below shows selected fi…

Cognex Declares Quarterly Cash Dividend

Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.06 per share. This dividend is payable on September 3, 2021 to all shareholders of record at the close of business on August 20, 2021.

Cognex VisionPro Software Breaks Down Barriers Between Deep Learning and Traditional Vision

Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, announces VisionPro® 10.0 and VisionPro Deep Learning 2.0, two new releases in its VisionPro line of vision software.

Cognex Introduces High Speed Steerable Mirror for Large Area Scanning with a Single Barcode Reader

Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, has released the High Speed Steerable Mirror, a patented technology designed for use with the DataMan® 470 barcode reader that supports large field of view applications with a single compact system.

Cognex Announces Second Quarter Earnings Release Date

Cognex Corporation (NASDAQ: CGNX) will release earnings for the second quarter of 2021 on Thursday, August 5, 2021, after the market closes, and will host a conference call that same day at 5:00 p.m. Eastern Daylight Time (EDT). The earnings release and conference call are scheduled to coincide with…
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Cognex Frequently Asked Questions

  • When was Cognex founded?

    Cognex was founded in 1981.

  • Who are Cognex key executives?

    Cognex's key executives are Robert J. Shillman, Robert Willett and Patrick A. Alias.

  • How many employees does Cognex have?

    Cognex has 2,055 employees.

  • What is Cognex revenue?

    Latest Cognex annual revenue is $811 m.

  • What is Cognex revenue per employee?

    Latest Cognex revenue per employee is $394.7 k.

  • Who are Cognex competitors?

    Competitors of Cognex include AGCO, Omron Automation and Keyence.

  • Where is Cognex headquarters?

    Cognex headquarters is located at 1 Vision Dr, Natick.

  • Where are Cognex offices?

    Cognex has offices in Natick, Boulder, Brentwood, Cambridge and in 54 other locations.

  • How many offices does Cognex have?

    Cognex has 67 offices.